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Data as of Nov 4, 2026.

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Thematic ETFs

ETEC vs IQSZ: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, ETEC returned −7.5% to IQSZ's +19.3%; 2% of their weight is in the same names.

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Net assets on Nov 3, 2026: $3.6m for iShares Breakthrough Environmental Solutions ETF and $166m for Invesco Global Equity Net Zero ETF.

ETEC on its own →IQSZ on its own →
At a glance
14.0%
ETEC in the S&P 500
61.3%
IQSZ in the S&P 500
−7.5%
ETEC total return, 1 year
+19.3%
IQSZ total return, 1 year
ETEC · 1 year to Nov 4, 2026 86% of its weight is outside the S&P 500
86% of its weight is outside the S&P 50014% of ETEC's weight is in S&P 500 companies and 86% is outside the index. Holdings as of Nov 3, 2026.14%86%in the S&P 500of its weight outside the S&P 500active share 98% · top ten 48% of the fund · 47 holdings as published by its issuer for Nov 3, 2026 · Nasdaq-100: 3% in86% of its weight is outside the S&P 50014% of ETEC's weight is in S&P 500 companies and 86% is outside the index. Holdings as of Nov 3, 2026.14%86%inof its weight outside the S&P 500active share 98% · Nasdaq-100: 3% in

14% of ETEC's weight is in S&P 500 companies and 86% is outside the index. Holdings as of Nov 3, 2026.

IQSZ · 1 year to Nov 4, 2026 39% of its weight is outside the S&P 500
39% of its weight is outside the S&P 50061% of IQSZ's weight is in S&P 500 companies and 39% is outside the index. Holdings as of Nov 3, 2026.61%39%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 50% · top ten 24% of the fund · 468 holdings as published by its issuer for Nov 3, 2026 · Nasdaq-100: 33% in39% of its weight is outside the S&P 50061% of IQSZ's weight is in S&P 500 companies and 39% is outside the index. Holdings as of Nov 3, 2026.61%39%in the S&P 500outsideactive share 50% · Nasdaq-100: 33% in

61% of IQSZ's weight is in S&P 500 companies and 39% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

IQSZ costs 0.28 points a year less; their one-year returns differ by 26.8 points; IQSZ is far larger, $166m against $3.6m.

Points (pts) are percentage points.

ETEC vs IQSZ: Holdings Overlap & Returns
MeasureETECIQSZ
Return
Total return, 1 year−7.5%+19.3%
Drawdown
Below its all-time high27.3%, high on Jun 3, 2026
Against its benchmark
What it tracksEnergy transition and decarbonisationEnergy transition and decarbonisation
Its benchmark, total return, 1 year+15.0%+15.0%
Against its benchmark, 1 yearbehind by 22.5 ptsahead by 4.3 pts
Cost and size
Expense ratio0.47%0.19%
Net assets, as of Nov 3, 2026$3.6m$166m
Holdings
Holdings in common2%

Method

What they share

2%

By the books each fund has filed, ETEC and IQSZ hold 2% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

0 half 100%

half

2% in common

Positions both hold · largest shared weight first ETEC IQSZ
TESLA INC 3.36% 1.08%
GE VERNOVA 3.34% 0.31%
VESTAS WIND SYSTEMS 2.81% 0.15%
FIRST SOLAR 4.37% 0.08%
NGK 2.94% 0.07%
NORDEX 2.96% 0.07%
XYLEM INC 2.89% 0.07%
BORGWARNER 5.21% 0.06%
Only in one fund ↓
Only in ETEC
UNIVERSAL DISPLAY CORP 7.40%
ALLEGRO MICROSYSTEMS INC 6.26%
NEXTPOWER INC 5.44%
YASKAWA ELECTRIC 4.50%
KEMIRA 4.00%
KURITA WATER INDUSTRIES 3.88%
ENPHASE ENERGY 3.50%
CONTEMPORARY AMPEREX TECHNOLOGY CL 3.43%
Only in IQSZ
Apple Inc 5.04%
NVIDIA Corp 3.77%
Microsoft Corp 3.69%
Amazon.com Inc 2.44%
Taiwan Semiconductor Manufacturing Co Ltd 1.94%
Alphabet Inc 1.74%
Broadcom Inc 1.50%
Meta Platforms Inc 1.38%
Check overlap with more funds →

Window by window

Window by window: ETEC vs IQSZ: Holdings Overlap & Returns
Total returnvs its benchmark
WindowETECIQSZETECIQSZ
3 months−15.1%−1.8%−13.8 pts vs ACWI−0.5 pts vs ACWI
6 months−22.2%+3.0%−24.8 pts vs ACWI+0.4 pts vs ACWI
1 year−7.5%+19.3%−22.5 pts vs ACWI+4.3 pts vs ACWI
3 years+15.4%–−62.2 pts vs ACWI–
Since launchNot the same days: ETEC Mar 2023 · IQSZ Jul 2025−5.2%+30.1%−91.6 pts vs ACWI+5.7 pts vs ACWI

– means no data for this window. Open this comparison in the app →

Side by side

ETEC iShares Breakthrough Environmental Solutions ETF · Holds 47 stocks in energy transition and decarbonisation, 14% of its weight in S&P 500 companies IQSZ Invesco Global Equity Net Zero ETF · Holds 468 stocks in energy transition and decarbonisation, 61% of its weight in S&P 500 companies
Issuer iShares Invesco
Theme Energy transition and decarbonisation Energy transition and decarbonisation
In the S&P 500 14.0% 61.3%
Active share vs the S&P 500 97.6% 50.0%
In the Nasdaq-100 3.4% 32.9%
Holdings 47 468
Top ten, share of the fund 48.0% 24.0%
Expense ratio 0.47% 0.19%
Fee for the differing part 0.48% 0.38%
Total return, 1 year −7.5% +19.3%
vs its benchmark −22.5 pts vs ACWI +4.3 pts vs ACWI
Below its high −27.3% −2.7%
Net assets, as of Nov 3, 2026 $3.6m $166m

As of Nov 4, 2026. Source: ETFIQ.

2% of the two portfolios are the same securities at the same weight.

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About each fund
ETEC

By weight, 14% of ETEC'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 48% of the fund across 47 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −7.5% with distributions reinvested against +15.0% for its benchmark, the MSCI All Country World Index, so a holder was behind by 22.5 pts. It sits 27.3% below its all-time high of Jun 3, 2026.

IQSZ

By weight, 61% of IQSZ's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 50%. The top ten holdings are 24% of the fund across 468 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +19.3% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 4.3 pts.

Questions people ask

Do ETEC and IQSZ hold the same stocks?
By their latest filings, 2% 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, ETEC or IQSZ?
ETEC has 14% of its weight in S&P 500 names and IQSZ has 61%, so ETEC differs more from the index.
Which is cheaper, ETEC or IQSZ?
ETEC charges 0.47% a year and IQSZ charges 0.19%, so IQSZ is cheaper. Fees come from each fund's prospectus.
Other comparisons
ETEC vs EVXETEC vs ETHOETEC vs USNZETEC vs NBETIQSZ vs NVIRIQSZ vs PWERIQSZ vs PCLNIQSZ vs NBET
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →ETEC on its own →IQSZ on its own →ETEC dividend history →ETEC holdings →IQSZ dividend history →IQSZ holdings →Method →Standards and sources →
Sources and dates
ETEC filings on SEC EDGAR ↗
ETEC prospectus with the expense ratio (SEC) ↗
iShares page for ETEC ↗
IQSZ filings on SEC EDGAR ↗
IQSZ prospectus with the expense ratio (SEC) ↗
Invesco page for IQSZ ↗

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, ETEC against IQSZ, data as of Nov 4, 2026. https://etfiq.com/compare/themes/etec-vs-iqsz

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