Do FAN and SMOG hold the same stocks?

By their latest filings, 19% 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, FAN or SMOG?

FAN has 7% of its weight in S&P 500 names and SMOG has 20%, so FAN differs more from the index.

Which is cheaper, FAN or SMOG?

FAN charges 0.60% a year and SMOG charges 0.64%, so FAN is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

FAN vs SMOG: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, FAN returned +15.1% to SMOG's +2.7%; 19% of their weight is in the same names.

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Net assets on Nov 3, 2026: $190m for First Trust Global Wind Energy ETF and $126m for VanEck Low Carbon Energy ETF.

FAN on its own →SMOG on its own →

At a glance

6.7%

FAN in the S&P 500

20.0%

SMOG in the S&P 500

+15.1%

FAN total return, 1 year

+2.7%

SMOG total return, 1 year

FAN · 1 year to Nov 4, 2026 93% of its weight is outside the S&P 500

7% of FAN's weight is in S&P 500 companies and 93% is outside the index. Holdings as of Nov 3, 2026.

SMOG · 1 year to Nov 4, 2026 80% of its weight is outside the S&P 500

20% of SMOG's weight is in S&P 500 companies and 80% is outside the index. Holdings as of Nov 2, 2026.

Pair scorecard

FAN costs 0.04 points a year less; their one-year returns differ by 12.4 points; FAN is 1.5 times larger.

Points (pts) are percentage points.

FAN vs SMOG: Holdings Overlap & Returns
Measure	FAN	SMOG
Return
Measure	FAN	SMOG
Total return, 1 year	+15.1%	+2.7%
Drawdown
Measure	FAN	SMOG
Below its all-time high	14.9%, high on May 6, 2026	24.9%, high on Jan 22, 2021
Against its benchmark
Measure	FAN	SMOG
What it tracks	Clean energy	Clean energy
Its benchmark, total return, 1 year	+14.8%	+15.0%
Against its benchmark, 1 year		behind by 12.3 pts
Cost and size
Measure	FAN	SMOG
Expense ratio	0.60%	0.64%
Net assets, as of Nov 3, 2026	$190m	$126m
Holdings
Measure	FAN	SMOG
Holdings in common	19%

Method

Risk and return

Jul 3, 2008 to Oct 30, 2026 · 956 weekly returns

FAN SMOG

Return

Total return edge FAN +10.1% +7.5%

Annualized edge FAN +0.5% +0.4%

Price return edge SMOG −22.1% −11.1%

Risk

Volatility edge FAN 25.0% 29.6%

Max drawdown edge FAN (slight) −78.1% −81.3%

Downside capture 103.6% 119.9%

Beta 1.02 1.34

Risk-adjusted

Sharpe edge SMOG 0.09 0.12

Sortino edge SMOG 0.12 0.16

Treynor 0.022 0.022

Calmar edge Tie 0.01 0.00

Against the benchmark

Alpha −9.5% a year −7.9% a year

Alpha t-stat −2.46 −2.08

Information ratio −0.56 −0.29

Tracking error 16.5% 17.4%

Each against its own benchmark: FAN against IWV, Jul 3, 2008 to Oct 30, 2026; SMOG against ACWI, Apr 4, 2008 to Oct 30, 2026.

Reading

From Jul 2008 to Oct 2026, FAN returned more: +10.1% to +7.5%. FAN swung less: 25.0% to 29.6%. FAN fell slightly less at its worst: −78.1% to −81.3%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: FAN vs SMOG: Holdings Overlap & Returns
Measure	FAN	SMOG	Edge	How it is measured
Return
Total return	+10.1%	+7.5%	FAN	Price change plus distributions, reinvested.
Annualized	+0.5%	+0.4%	FAN	Total return as a yearly rate.
Price return	−22.1%	−11.1%	SMOG	Price change alone, distributions left out.
Risk
Volatility	25.0%	29.6%	FAN	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	18.5%	21.8%	FAN	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−78.1%	−81.3%	FAN (slight)	Deepest fall from a high to the low after it.
Upside capture	77.2%	132.8%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	103.6%	119.9%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	1.02	1.34	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.56	0.70	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.09	0.12	SMOG	Return above Treasury bills per unit of volatility.
Sortino	0.12	0.16	SMOG	Return above Treasury bills per unit of downside deviation.
Treynor	0.022	0.022		Return above Treasury bills per unit of beta.
Calmar	0.01	0.00	Tie	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	IWV	ACWI		The ETF each fund is measured against.
Alpha	−9.5% a year	−7.9% a year		Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−2.46	−2.08	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−17.1% to −1.9%	−15.3% to −0.4%	Not an edge	The 95% range for the yearly alpha.
Information ratio	−0.56	−0.29		Return against its benchmark per unit of tracking error.
Tracking error	16.5%	17.4%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 956 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

19%

By the books each fund has filed, FAN and SMOG hold 19% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

19% in common

Positions both hold · largest shared weight first FAN SMOG

Vestas Wind Systems A/S 7.70% 4.72%

Iberdrola S.A. 2.29% 9.10%

NextEra Energy, Inc. 2.22% 7.64%

Enel SpA 2.06% 6.99%

Orsted A/S 8.33% 1.98%

Acciona, S.A. 2.09% 1.19%

Nordex SE 8.61% 1.15%

Enlight Renewable Energy Ltd. 1.81% 1.10%

EDP Renewables SA 7.96% 0.94%

Northland Power Inc. 2.06% 0.81%

China Longyuan Power Group Corporation Limited (Class H) 6.14% 0.30%

ERG SpA 4.08% 0.28%

Only in one fund ↓

Only in FAN

Cadeler A/S 4.34%

CS Wind Corp. 2.99%

Goldwind Science & Technology Co., Ltd. (Class H) 2.74%

Alliant Energy Corporation 2.29%

GE Vernova Inc. 2.21%

AB SKF (Class B) 2.10%

Century Iron & Steel Industrial Co., Ltd. 2.08%

The Timken Company 2.08%

Only in SMOG

Tesla Inc 9.28%

Byd Co Ltd 5.17%

Bloom Energy Corp 5.10%

Samsung Sdi Co Ltd 4.13%

Kingspan Group Plc 2.99%

Axia Energia Sa 2.92%

First Solar Inc 2.90%

Rivian Automotive Inc 2.74%

Check overlap with more funds →

Window by window

Window by window: FAN vs SMOG: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	FAN	SMOG	FAN	SMOG
3 months	−1.5%	−2.8%	−1.2 pts vs IWV	−1.5 pts vs ACWI
6 months	−14.9%	−13.7%	−19.8 pts vs IWV	−16.3 pts vs ACWI
1 year	+15.1%	+2.7%	+0.3 pts vs IWV	−12.3 pts vs ACWI
3 years	+66.8%	+40.4%	−14.2 pts vs IWV	−37.2 pts vs ACWI
Since launchNot the same days: FAN Jun 2008 · SMOG May 2007	+12.2%	+35.1%	not measured	not measured

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Side by side

FAN First Trust Global Wind Energy ETF · Holds 45 stocks in clean energy, 7% of its weight in S&P 500 companies SMOG VanEck Low Carbon Energy ETF · Holds 55 stocks in clean energy, 20% of its weight in S&P 500 companies

Issuer First Trust VanEck

Theme Clean energy Clean energy

In the S&P 500 6.7% 20.0%

Active share vs the S&P 500 99.2% 97.8%

In the Nasdaq-100 0.0% 9.4%

Holdings 45 55

Top ten, share of the fund 55.2% 58.2%

Expense ratio 0.60% 0.64%

Fee for the differing part 0.60% 0.65%

Total return, 1 year +15.1% +2.7%

vs its benchmark +0.3 pts vs IWV −12.3 pts vs ACWI

Below its high −14.9% −24.9%

Net assets, as of Nov 3, 2026 $190m $126m

As of Nov 4, 2026. Source: ETFIQ.

19% of the two portfolios are the same securities at the same weight.

Client brief:

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About each fund

FAN

Over the year to Nov 4, 2026 the fund returned +15.1% with distributions reinvested against +14.8% for its benchmark, the Russell 3000 Index, so a holder was about even.

By weight, 7% of FAN'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 55% of the fund across 45 positions, as published by its issuer for Nov 3, 2026. It sits 14.9% below its all-time high of May 6, 2026.

SMOG

By weight, 20% of SMOG'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 58% of the fund across 55 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +2.7% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was behind by 12.3 pts. It sits 24.9% below its all-time high of Jan 22, 2021.

Questions people ask

Do FAN and SMOG hold the same stocks?: By their latest filings, 19% 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, FAN or SMOG?: FAN has 7% of its weight in S&P 500 names and SMOG has 20%, so FAN differs more from the index.
Which is cheaper, FAN or SMOG?: FAN charges 0.60% a year and SMOG charges 0.64%, so FAN is cheaper. Fees come from each fund's prospectus.

Other comparisons

FAN vs RNRG FAN vs CNRG FAN vs PBW FAN vs QCLN SMOG vs TAN SMOG vs FRNW SMOG vs ICLN SMOG vs VCLN

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →FAN on its own →SMOG on its own →FAN dividend history →FAN holdings →SMOG dividend history →SMOG holdings →Method →Standards and sources →

Sources and dates

FAN filings on SEC EDGAR ↗

FAN prospectus with the expense ratio (SEC) ↗

First Trust page for FAN ↗

SMOG filings on SEC EDGAR ↗

SMOG prospectus with the expense ratio (SEC) ↗

VanEck 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.

Cite this pageCitation, APA and Markdown

ETFIQ, FAN against SMOG, data as of Nov 4, 2026. https://etfiq.com/compare/themes/fan-vs-smog

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