Data as of .
ACES vs PBD: which is really different?
ACES and PBD hold 12% of their weight in the same names, and PBD returned more over the year.
ETFIQ Off-Index Score: PBD scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
12% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, ACES and PBD hold 12% of their money in the same securities at the same weight.
| Holding | ACES | PBD |
|---|---|---|
| Eos Energy Enterprises Inc | 3.10% | 0.96% |
| Rivian Automotive Inc | 4.08% | 0.95% |
| Green Plains Inc | 1.17% | 0.95% |
| Plug Power Inc | 6.04% | 0.88% |
| Shoals Technologies Group Inc | 2.26% | 0.88% |
| Itron Inc | 3.48% | 0.87% |
| First Solar Inc | 6.25% | 0.85% |
| Enphase Energy Inc | 6.53% | 0.83% |
| Ormat Technologies Inc | 4.84% | 0.83% |
| Sunrun Inc | 4.18% | 0.82% |
| Array Technologies Inc | 1.51% | 0.78% |
| Ballard Power Systems Inc | 1.74% | 0.78% |
| Only in ACES | Only in PBD |
|---|---|
| Nextpower Inc 5.93% | Doosan Fuel Cell Co Ltd 1.34% |
| Brookfield Renewable Partners Lp 4.68% | Lotte Energy Materials Corp 1.22% |
| Ha Sustainable Infrastructure Capital In 4.40% | Bloom Energy Corp 1.13% |
| Tesla Inc 4.24% | CS Wind Corp 1.09% |
| Northland Power Inc 4.20% | Verbund AG 1.06% |
| Albemarle Corp 4.17% | Mercury NZ Ltd 1.05% |
| Clearway Energy Inc 3.79% | Nibe Industrier AB 1.05% |
| Boralex Inc 3.00% | Samsung SDI Co Ltd 1.05% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Sep 19, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| ACES | PBD | ACES | PBD | ACES | PBD | |
| 3 months | −21.4% | −14.9% | −23.6 pts | −17.1 pts | −18.9 pts | −12.4 pts |
| 6 months | −10.0% | −0.8% | −28.0 pts | −18.8 pts | −34.2 pts | −25.0 pts |
| 1 year | −5.9% | +17.0% | −22.4 pts | +0.4 pts | −27.6 pts | −4.8 pts |
| 3 years | −25.4% | +12.7% | −103.8 pts | −65.7 pts | −123.6 pts | −85.5 pts |
| Since launch | +25.2% | +32.1% | −192.9 pts | −771.4 pts | −317.7 pts | −1658.1 pts |
| ACES ALPS Clean Energy ETF Holds 37 stocks in clean energy, 15% of its weight in S&P 500 companies | PBD Invesco Global Clean Energy ETF Holds 124 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 | 14.7% | 1.7% |
| Active share vs the S&P 500 | 98.1% | 99.9% |
| In the Nasdaq-100 | 4.2% | 0.0% |
| Holdings | 37 | 124 |
| Top ten, share of the fund | 51.3% | 11.1% |
| Expense ratio | 0.55% | 0.75% |
| Fee for the differing part | 0.56% | 0.75% |
| Total return, 1 year | −5.9% | +17.0% |
| vs the S&P 500 | −22.4 pts | +0.4 pts |
| vs the Nasdaq-100 | −27.6 pts | −4.8 pts |
| Below its high | −69.6% | −52.6% |
| Net assets | $145m | $118m |
ACES in plain words
By weight, 15% 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 51% of the fund across 37 positions, as filed for May 31, 2026. Over the year to Sep 18, 2026 the fund returned −5.9% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 22.4 pts. It sits 69.6% below its all-time high of Feb 9, 2021.
PBD in plain words
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 11% of the fund across 124 positions, as published by its issuer for Sep 19, 2026. Over the year to Sep 18, 2026 the fund returned +17.0% with distributions reinvested against +16.6% for the S&P 500, so a holder was about even. It sits 52.6% 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, which is mostly different names. 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 15% 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
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, ACES against PBD, data as of Sep 18, 2026. https://etfiq.com/compare/themes/aces-vs-pbd Free to use with attribution; the underlying files are at Open data.