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Data as of Nov 4, 2026.

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Thematic ETFs

ETEC vs PWER: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, ETEC returned −7.5% to PWER's +34.8%; 8% of their weight is in the same names.

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Net assets: $3.6m on Nov 3, 2026 for iShares Breakthrough Environmental Solutions ETF, and $11m on Jun 30, 2026 for Nomura Energy Transition ETF.

ETEC on its own →PWER on its own →
At a glance
14.0%
ETEC in the S&P 500
42.1%
PWER in the S&P 500
−7.5%
ETEC total return, 1 year
+34.8%
PWER 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.

PWER · 1 year to Nov 4, 2026 58% of its weight is outside the S&P 500
58% of its weight is outside the S&P 50042% of PWER's weight is in S&P 500 companies and 58% is outside the index. Holdings as of Jun 30, 2026.42%58%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 99% · top ten 47% of the fund · 31 holdings as filed for Jun 30, 2026 · Nasdaq-100: 4% in58% of its weight is outside the S&P 50042% of PWER's weight is in S&P 500 companies and 58% is outside the index. Holdings as of Jun 30, 2026.42%58%in the S&P 500outside the S&P 500active share 99% · Nasdaq-100: 4% in

42% of PWER's weight is in S&P 500 companies and 58% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

ETEC costs 0.32 points a year less; their one-year returns differ by 42.3 points.

Points (pts) are percentage points.

ETEC vs PWER: Holdings Overlap & Returns
MeasureETECPWER
Return
Total return, 1 year−7.5%+34.8%
Drawdown
Below its all-time high27.3%, high on Jun 3, 20267.6%, high on Sep 8, 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 19.8 pts
Cost and size
Expense ratio0.47%0.79%
Net assets, ETEC as of Nov 3, 2026 and PWER as of Jun 30, 2026$3.6m$11m
Holdings
Holdings in common8%

Method

What they share

8%

By the books each fund has filed, ETEC and PWER hold 8% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

0 half 100%

half

8% in common

Positions both hold · largest shared weight first ETEC PWER
FIRST SOLAR 4.37% 4.53%
GE VERNOVA 3.34% 3.49%
Only in one fund ↓
Only in ETEC
UNIVERSAL DISPLAY CORP 7.40%
ALLEGRO MICROSYSTEMS INC 6.26%
NEXTPOWER INC 5.44%
BORGWARNER 5.21%
YASKAWA ELECTRIC 4.50%
KEMIRA 4.00%
KURITA WATER INDUSTRIES 3.88%
ENPHASE ENERGY 3.50%
Only in PWER
Steel Dynamics, Inc. 6.41%
Hudbay Minerals, Inc. 5.67%
ERO Copper Corp. 5.01%
Valero Energy Corp. 4.89%
Generac Holdings, Inc. 4.51%
Arcosa, Inc. 4.49%
Alcoa Corp. 4.01%
HF Sinclair Corp. 4.01%
Check overlap with more funds →

Window by window

Window by window: ETEC vs PWER: Holdings Overlap & Returns
Total returnvs its benchmark
WindowETECPWERETECPWER
3 months−15.1%+0.5%−13.8 pts vs ACWI+1.8 pts vs ACWI
6 months−22.2%−0.5%−24.8 pts vs ACWI−3.1 pts vs ACWI
1 year−7.5%+34.8%−22.5 pts vs ACWI+19.8 pts vs ACWI
3 years+15.4%–−62.2 pts vs ACWI–
Since launchNot the same days: ETEC Mar 2023 · PWER Nov 2023−5.2%+77.9%−91.6 pts vs ACWI+7.6 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 PWER Nomura Energy Transition ETF · Holds 31 stocks in energy transition and decarbonisation, 42% 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 14.0% 42.1%
Active share vs the S&P 500 97.6% 98.6%
In the Nasdaq-100 3.4% 3.5%
Holdings 47 31
Top ten, share of the fund 48.0% 47.3%
Expense ratio 0.47% 0.79%
Fee for the differing part 0.48% 0.80%
Total return, 1 year −7.5% +34.8%
vs its benchmark −22.5 pts vs ACWI +19.8 pts vs ACWI
Below its high −27.3% −7.6%
Net assets, ETEC as of Nov 3, 2026 and PWER as of Jun 30, 2026 $3.6m $11m

As of Nov 4, 2026. Source: ETFIQ.

8% 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.

PWER

By weight, 42% 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 47% of the fund across 31 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned +34.8% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 19.8 pts. It sits 7.6% below its all-time high of Sep 8, 2026.

Questions people ask

Do ETEC and PWER hold the same stocks?
By their latest filings, 8% 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 PWER?
ETEC has 14% of its weight in S&P 500 names and PWER has 42%, 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
ETEC vs PCLNETEC vs NVIRETEC vs NBETETEC vs EVXPWER vs USNZPWER vs ETHOPWER vs NVIRPWER vs PCLN
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →ETEC on its own →PWER on its own →ETEC dividend history →ETEC holdings →PWER dividend history →PWER holdings →Method →Standards and sources →
Sources and dates
ETEC filings on SEC EDGAR ↗
ETEC prospectus with the expense ratio (SEC) ↗
iShares page for ETEC ↗
PWER filings on SEC EDGAR ↗
PWER prospectus with the expense ratio (SEC) ↗
Nomura website ↗

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.

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

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