Do ACES and PBD hold the same stocks?

By their latest filings, 12% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, ACES or PBD?

ACES has 17% of its weight in S&P 500 names and PBD has 2%, so PBD differs more from the index.

Which is cheaper, ACES or PBD?

ACES charges 0.55% a year and PBD charges 0.75%, so ACES is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

ACES vs PBD: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, ACES returned −16.6% to PBD's −2.1%; 12% of their weight is in the same names.

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Net assets: $109m on Aug 31, 2026 for ALPS Clean Energy ETF, and $99m on Nov 3, 2026 for Invesco Global Clean Energy ETF.

ACES on its own →PBD on its own →

At a glance

16.6%

ACES in the S&P 500

1.9%

PBD in the S&P 500

−16.6%

ACES total return, 1 year

−2.1%

PBD total return, 1 year

ACES · 1 year to Nov 4, 2026 83% of its weight is outside the S&P 500

17% of ACES's weight is in S&P 500 companies and 83% is outside the index. Holdings as of Aug 31, 2026.

PBD · 1 year to Nov 4, 2026 98% of its weight is outside the S&P 500

2% of PBD's weight is in S&P 500 companies and 98% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

ACES costs 0.20 points a year less; their one-year returns differ by 14.5 points.

Points (pts) are percentage points.

ACES vs PBD: Holdings Overlap & Returns
Measure	ACES	PBD
Return
Measure	ACES	PBD
Total return, 1 year	−16.6%	−2.1%
Drawdown
Measure	ACES	PBD
Below its all-time high	70.7%, high on Feb 9, 2021	56.6%, high on Jan 22, 2021
Against its benchmark
Measure	ACES	PBD
What it tracks	Clean energy	Clean energy
Its benchmark, total return, 1 year		+16.9%
Against its benchmark, 1 year		behind by 19.0 pts
Cost and size
Measure	ACES	PBD
Expense ratio	0.55%	0.75%
Net assets, ACES as of Aug 31, 2026 and PBD as of Nov 3, 2026	$109m	$99m
Holdings
Measure	ACES	PBD
Holdings in common	12%

Method

Risk and return

Jul 6, 2018 to Oct 30, 2026 · 434 weekly returns

ACES PBD

Return

Total return edge PBD +9.9% +48.1%

Annualized edge PBD +1.1% +4.8%

Price return edge PBD +1.0% +26.1%

Risk

Volatility edge PBD 35.2% 29.8%

Max drawdown edge PBD (slight) −77.3% −73.8%

Risk-adjusted

Sharpe edge PBD 0.13 0.21

Sortino edge PBD 0.19 0.31

Calmar edge PBD 0.01 0.07

Reading

From Jul 2018 to Oct 2026, PBD returned more: +48.1% to +9.9%. PBD swung less: 29.8% to 35.2%. PBD fell slightly less at its worst: −73.8% to −77.3%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: ACES vs PBD: Holdings Overlap & Returns
Measure	ACES	PBD	Edge	How it is measured
Return
Total return	+9.9%	+48.1%	PBD	Price change plus distributions, reinvested.
Annualized	+1.1%	+4.8%	PBD	Total return as a yearly rate.
Price return	+1.0%	+26.1%	PBD	Price change alone, distributions left out.
Risk
Volatility	35.2%	29.8%	PBD	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	24.5%	20.9%	PBD	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−77.3%	−73.8%	PBD (slight)	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.13	0.21	PBD	Return above Treasury bills per unit of volatility.
Sortino	0.19	0.31	PBD	Return above Treasury bills per unit of downside deviation.
Calmar	0.01	0.07	PBD	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 434 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

12%

By the books each fund has filed, ACES and PBD hold 12% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

12% in common

Positions both hold · largest shared weight first ACES PBD

Shoals Technologies Group Inc 1.64% 1.09%

Itron Inc 6.08% 1.05%

Ha Sustainable Infrastructure Capital Inc 6.70% 0.99%

Green Plains Inc 1.41% 0.98%

Array Technologies Inc 0.96% 1.00%

Rivian Automotive Inc 6.43% 0.94%

Sunrun Inc 2.85% 0.93%

First Solar Inc 4.74% 0.90%

Ormat Technologies Inc 4.77% 0.89%

Enphase Energy Inc 4.25% 0.82%

Plug Power Inc 4.31% 0.66%

Ballard Power Systems Inc 0.88% 0.64%

Only in one fund ↓

Only in ACES

Tesla Inc 6.16%

Brookfield Renewable Partners Lp 5.68%

Albemarle Corp 5.68%

Northland Power Inc 5.62%

Clearway Energy Inc 5.23%

Nextpower Inc 4.08%

Andersons Inc 3.04%

American Superconductor Corp 1.90%

Only in PBD

SES AI Corp 1.38%

Verbund AG 1.30%

Lotte Energy Materials Corp 1.29%

Landis+Gyr Group AG 1.27%

Nibe Industrier AB 1.26%

NFI Group Inc 1.15%

SolarEdge Technologies Inc 1.10%

Samsung SDI Co Ltd 1.10%

Check overlap with more funds →

Window by window

Window by window: ACES vs PBD: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	ACES	PBD	ACES	PBD
3 months	−10.8%	−12.4%	not measured	−10.8 pts vs EFA
6 months	−22.6%	−27.2%	not measured	−29.7 pts vs EFA
1 year	−16.6%	−2.1%	not measured	−19.0 pts vs EFA
3 years	−10.6%	+17.1%	not measured	−49.7 pts vs EFA
Since launchNot the same days: ACES Jun 2018 · PBD Jun 2007	+20.8%	−17.6%	not measured	not measured

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Side by side

ACES ALPS Clean Energy ETF · Holds 36 stocks in clean energy, 17% of its weight in S&P 500 companies PBD Invesco Global Clean Energy ETF · Holds 111 stocks in clean energy, 2% of its weight in S&P 500 companies

Issuer ALPS Invesco

Theme Clean energy Clean energy

In the S&P 500 16.6% 1.9%

Active share vs the S&P 500 98.1% 99.9%

In the Nasdaq-100 6.2% 0.0%

Holdings 36 111

Top ten, share of the fund 57.1% 12.2%

Expense ratio 0.55% 0.75%

Fee for the differing part 0.56% 0.75%

Total return, 1 year −16.6% −2.1%

vs its benchmark not measured −19.0 pts vs EFA

Below its high −70.7% −56.6%

Net assets, ACES as of Aug 31, 2026 and PBD as of Nov 3, 2026 $109m $99m

As of Nov 4, 2026. Source: ETFIQ.

12% of the two portfolios are the same securities at the same weight.

Client brief:

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About each fund

ACES

By weight, 17% of ACES's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 57% of the fund across 36 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned −16.6% with distributions reinvested. It sits 70.7% below its all-time high of Feb 9, 2021.

PBD

By weight, 2% of PBD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 12% of the fund across 111 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −2.1% with distributions reinvested against +16.9% for its benchmark, the MSCI EAFE Index, so a holder was behind by 19.0 pts. It sits 56.6% below its all-time high of Jan 22, 2021.

Questions people ask

Do ACES and PBD hold the same stocks?: By their latest filings, 12% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, ACES or PBD?: ACES has 17% of its weight in S&P 500 names and PBD has 2%, so PBD differs more from the index.
Which is cheaper, ACES or PBD?: ACES charges 0.55% a year and PBD charges 0.75%, so ACES is cheaper. Fees come from each fund's prospectus.

Other comparisons

ACES vs FRNW ACES vs SMOG ACES vs CNRG ACES vs FAN PBD vs SMOG PBD vs PBW PBD vs QCLN PBD vs RNRG

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →ACES on its own →PBD on its own →ACES dividend history →ACES holdings →PBD dividend history →PBD holdings →Method →Standards and sources →

Sources and dates

ACES filings on SEC EDGAR ↗

ACES prospectus with the expense ratio (SEC) ↗

ALPS website ↗

PBD filings on SEC EDGAR ↗

PBD prospectus with the expense ratio (SEC) ↗

Invesco page for PBD ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, ACES against PBD, data as of Nov 4, 2026. https://etfiq.com/compare/themes/aces-vs-pbd

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.