Data as of .
CCSO vs PBW: which is really different?
CCSO and PBW hold 16% of their weight in the same names, and PBW returned more over the year.
ETFIQ Off-Index Score: CCSO 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
16% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, CCSO and PBW hold 16% of their money in the same securities at the same weight.
| Holding | CCSO | PBW |
|---|---|---|
| Rivian Automotive Inc | 1.68% | 1.89% |
| Quanta Services Inc | 7.55% | 1.55% |
| First Solar Inc | 1.73% | 1.52% |
| XPeng Inc | 1.35% | 1.51% |
| NIO Inc | 1.29% | 1.38% |
| Nextpower Inc | 1.35% | 1.27% |
| MP Materials Corp | 0.98% | 1.53% |
| Joby Aviation Inc | 0.74% | 1.21% |
| Ormat Technologies Inc | 0.56% | 1.54% |
| Brookfield Renewable Corp | 0.53% | 1.45% |
| MYR Group Inc | 0.50% | 1.10% |
| Enphase Energy Inc | 0.35% | 1.29% |
| Only in CCSO | Only in PBW |
|---|---|
| GE Vernova Inc 7.71% | Beta Technologies Inc 2.59% |
| Johnson Controls International 6.04% | Darling Ingredients Inc 2.39% |
| Southern Copper Corp 5.98% | Cadeler A/S 2.29% |
| Carrier Global Corp 5.17% | Gentherm Inc 2.01% |
| Waste Management Inc 4.79% | REX American Resources Corp 1.91% |
| Cameco Corp 4.30% | Lifezone Metals Ltd 1.77% |
| Republic Services Inc 4.21% | Tesla Inc 1.74% |
| Nucor Corp 4.13% | Solid Power Inc 1.71% |
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 Apr 30, 2026 and Sep 19, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| CCSO | PBW | CCSO | PBW | CCSO | PBW | |
| 3 months | −11.4% | −25.8% | −13.6 pts | −28.1 pts | −8.9 pts | −23.4 pts |
| 6 months | 0.0% | −0.1% | −18.0 pts | −18.1 pts | −24.2 pts | −24.3 pts |
| 1 year | +2.9% | +11.1% | −13.6 pts | −5.5 pts | −18.8 pts | −10.7 pts |
| 3 years | +34.9% | −4.3% | −43.5 pts | −82.7 pts | −63.3 pts | −102.5 pts |
| Since launch | +30.7% | −25.2% | −78.2 pts | −828.8 pts | −124.9 pts | −1715.5 pts |
| CCSO Carbon Collective Climate Solutions U.S. Equity ETF Holds 119 stocks in clean energy, 48% of its weight in S&P 500 companies | PBW Invesco WilderHill Clean Energy ETF Holds 74 stocks in clean energy, 8% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Carbon Collective | Invesco |
| Theme | Clean energy | Clean energy |
| In the S&P 500 | 47.7% | 7.7% |
| Active share vs the S&P 500 | 98.7% | 97.9% |
| In the Nasdaq-100 | 0.0% | 3.2% |
| Holdings | 119 | 74 |
| Top ten, share of the fund | 53.4% | 21.3% |
| Expense ratio | 0.35% | 0.63% |
| Fee for the differing part | 0.35% | 0.64% |
| Total return, 1 year | +2.9% | +11.1% |
| vs the S&P 500 | −13.6 pts | −5.5 pts |
| vs the Nasdaq-100 | −18.8 pts | −10.7 pts |
| Below its high | −16.4% | −74.5% |
| Net assets | $47m | $363m |
CCSO in plain words
By weight, 48% of CCSO's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 53% of the fund across 119 positions, as filed for Apr 30, 2026. Over the year to Sep 18, 2026 the fund returned +2.9% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 13.6 pts. It sits 16.4% below its all-time high of Jun 2, 2026.
PBW in plain words
By weight, 8% of PBW'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 21% of the fund across 74 positions, as published by its issuer for Sep 19, 2026. Over the year to Sep 18, 2026 the fund returned +11.1% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 5.5 pts. It sits 74.5% below its all-time high of Feb 9, 2021.
Questions people ask
- Do CCSO and PBW hold the same stocks?
- By their latest filings, 16% 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, CCSO or PBW?
- CCSO has 48% of its weight in S&P 500 names and PBW has 8%, so CCSO differs more from the index.
- Which is cheaper, CCSO or PBW?
- CCSO charges 0.35% a year and PBW charges 0.63%, so CCSO 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, CCSO against PBW, data as of Sep 18, 2026. https://etfiq.com/compare/themes/ccso-vs-pbw Free to use with attribution; the underlying files are at Open data.