Data as of .
ETEC vs PWER: which is really different?
ETEC and PWER hold 7% of their weight in the same names, and PWER returned more over the year.
ETFIQ Off-Index Score: PWER 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
7% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, ETEC and PWER hold 7% of their money in the same securities at the same weight.
| Only in ETEC | Only in PWER |
|---|---|
| KURITA WATER INDUSTRIES 6.73% | Steel Dynamics, Inc. 6.58% |
| UNIVERSAL DISPLAY CORP 6.27% | Hudbay Minerals, Inc. 5.81% |
| BORGWARNER 6.05% | ERO Copper Corp. 5.14% |
| ALLEGRO MICROSYSTEMS INC 4.96% | Valero Energy Corp. 5.01% |
| CONTEMPORARY AMPEREX TECHNOLOGY CL 4.43% | First Solar, Inc. 4.65% |
| YASKAWA ELECTRIC 4.07% | Generac Holdings, Inc. 4.63% |
| VESTAS WIND SYSTEMS 4.02% | Arcosa, Inc. 4.61% |
| KEMIRA 3.89% | Alcoa Corp. 4.12% |
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 Jun 30, 2026 and Sep 17, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| ETEC | PWER | ETEC | PWER | ETEC | PWER | |
| 3 months | −19.5% | +6.9% | −21.7 pts | +4.6 pts | −17.0 pts | +9.4 pts |
| 6 months | −6.7% | +20.0% | −24.7 pts | +2.0 pts | −30.9 pts | −4.2 pts |
| 1 year | +1.9% | +44.4% | −14.6 pts | +27.8 pts | −19.8 pts | +22.6 pts |
| 3 years | +12.3% | not published | −66.1 pts | not published | −85.8 pts | not published |
| Since launch | +0.6% | +86.2% | −96.5 pts | +12.5 pts | −132.2 pts | −1.8 pts |
| ETEC iShares Breakthrough Environmental Solutions ETF Holds 60 stocks in energy transition and decarbonisation, 13% of its weight in S&P 500 companies | PWER Nomura Energy Transition ETF Holds 31 stocks in energy transition and decarbonisation, 43% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | iShares | Nomura |
| Theme | Energy transition and decarbonisation | Energy transition and decarbonisation |
| In the S&P 500 | 13.4% | 43.2% |
| Active share vs the S&P 500 | 97.6% | 98.6% |
| In the Nasdaq-100 | 2.9% | 3.6% |
| Holdings | 60 | 31 |
| Top ten, share of the fund | 47.6% | 48.5% |
| Expense ratio | 0.47% | 0.79% |
| Fee for the differing part | 0.48% | 0.80% |
| Total return, 1 year | +1.9% | +44.4% |
| vs the S&P 500 | −14.6 pts | +27.8 pts |
| vs the Nasdaq-100 | −19.8 pts | +22.6 pts |
| Below its high | −22.8% | −3.3% |
| Net assets | $4m | $11m |
ETEC in plain words
By weight, 13% 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 60 positions, as published by its issuer for Sep 17, 2026. Over the year to Sep 18, 2026 the fund returned +1.9% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 14.6 pts. It sits 22.8% below its all-time high of Jun 3, 2026.
PWER in plain words
By weight, 43% of PWER'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 48% of the fund across 31 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned +44.4% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 27.8 pts.
Questions people ask
- Do ETEC and PWER hold the same stocks?
- By their latest filings, 7% 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, ETEC or PWER?
- ETEC has 13% of its weight in S&P 500 names and PWER has 43%, so PWER differs more from the index.
- Which is cheaper, ETEC or PWER?
- ETEC charges 0.47% a year and PWER charges 0.79%, so ETEC 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, ETEC against PWER, data as of Sep 18, 2026. https://etfiq.com/compare/themes/etec-vs-pwer Free to use with attribution; the underlying files are at Open data.