Do HYDR and ICLN hold the same stocks?

By their latest filings, 9% 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, HYDR or ICLN?

HYDR has 6% of its weight in S&P 500 names and ICLN has 9%, so ICLN differs more from the index.

Which is cheaper, HYDR or ICLN?

HYDR charges 0.50% a year and ICLN charges 0.38%, so ICLN is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

HYDR vs ICLN: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, HYDR returned −14.7% to ICLN's −2.3%; 9% of their weight is in the same names.

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Net assets: $89m on Oct 12, 2026 for Global X Hydrogen ETF, and $2.1bn on Nov 4, 2026 for iShares Global Clean Energy ETF.

HYDR on its own →ICLN on its own →

At a glance

5.6%

HYDR in the S&P 500

8.8%

ICLN in the S&P 500

−14.7%

HYDR total return, 1 year

−2.3%

ICLN total return, 1 year

HYDR · 1 year to Nov 4, 2026 94% of its weight is outside the S&P 500

6% of HYDR's weight is in S&P 500 companies and 94% is outside the index. Holdings as of Aug 31, 2026.

ICLN · 1 year to Nov 4, 2026 91% of its weight is outside the S&P 500

9% of ICLN's weight is in S&P 500 companies and 91% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

ICLN costs 0.12 points a year less; their one-year returns differ by 12.4 points; ICLN is far larger, $2.2bn against $89m.

HYDR vs ICLN: Holdings Overlap & Returns
Measure	HYDR	ICLN
Return
Measure	HYDR	ICLN
Total return, 1 year	−14.7%	−2.3%
Drawdown
Measure	HYDR	ICLN
Below its all-time high	74.1%, high on Nov 8, 2021	54.7%, high on Jun 25, 2008
Benchmark
Measure	HYDR	ICLN
What it tracks	Clean energy	Clean energy
Cost and size
Measure	HYDR	ICLN
Expense ratio	0.50%	0.38%
Net assets, as of Oct 12, 2026	$89m	$2.2bn
Holdings
Measure	HYDR	ICLN
Holdings in common	9%

Method

What they share

By the books each fund has filed, HYDR and ICLN hold 9% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

9% in common

Positions both hold · largest shared weight first HYDR ICLN

BLOOM ENERGY CORPORATION 13.69% 6.23%

PLUG POWER INC. 10.36% 1.40%

Doosan Fuel Cell Co., Ltd. 10.73% 0.65%

CERES POWER HOLDINGS PLC 7.46% 0.46%

Only in one fund ↓

Only in HYDR

SFC Energy AG 6.81%

FUELCELL ENERGY, INC. 5.54%

ITM POWER PLC 4.51%

Nel ASA 4.36%

BALLARD POWER SYSTEMS INC. 3.53%

H-POWER PLC 3.37%

AIR PRODUCTS AND CHEMICALS, INC. 3.16%

TOYOTA MOTOR CORPORATION 3.07%

Only in ICLN

NEXTPOWER INC 9.29%

FIRST SOLAR 8.75%

IBERDROLA 6.71%

CHINA YANGTZE POWER LTD A 5.59%

AXIA ENERGIA SA 3.84%

VESTAS WIND SYSTEMS 3.32%

ORMAT TECH INC 3.08%

ENPHASE ENERGY 2.85%

Check overlap with more funds →

Window by window

Window by window: HYDR vs ICLN: Holdings Overlap & Returns
	Total return
Window	HYDR	ICLN
3 months	−18.7%	−8.3%
6 months	−44.4%	−21.9%
1 year	−14.7%	−2.3%
3 years	+12.6%	+27.1%
Since launchNot the same days: HYDR Jul 2021 · ICLN Jun 2008	−68.6%	−54.7%

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Side by side

HYDR Global X Hydrogen ETF · Holds 25 stocks in clean energy, 6% of its weight in S&P 500 companies ICLN iShares Global Clean Energy ETF · Holds 106 stocks in clean energy, 9% of its weight in S&P 500 companies

Issuer Global X iShares

Theme Clean energy Clean energy

In the S&P 500 5.6% 8.8%

Active share vs the S&P 500 99.7% 100.0%

In the Nasdaq-100 0.0% 0.0%

Holdings 25 106

Top ten, share of the fund 70.4% 52.4%

Expense ratio 0.50% 0.38%

Fee for the differing part 0.50% 0.38%

Total return, 1 year −14.7% −2.3%

vs its benchmark not measured not measured

Below its high −74.1% −54.7%

Net assets, HYDR as of Oct 12, 2026 and ICLN as of Nov 4, 2026 $89m $2.1bn

As of Nov 4, 2026. Source: ETFIQ.

9% of the two portfolios are the same securities at the same weight.

Alert

About each fund

HYDR

By weight, 6% of HYDR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 70% of the fund across 25 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned −14.7% with distributions reinvested. It sits 74.1% below its all-time high of Nov 8, 2021.

ICLN

By weight, 9% of ICLN's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 52% of the fund across 106 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −2.3% with distributions reinvested. It sits 54.7% below its all-time high of Jun 25, 2008.

Questions people ask

Do HYDR and ICLN hold the same stocks?: By their latest filings, 9% 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, HYDR or ICLN?: HYDR has 6% of its weight in S&P 500 names and ICLN has 9%, so ICLN differs more from the index.
Which is cheaper, HYDR or ICLN?: HYDR charges 0.50% a year and ICLN charges 0.38%, so ICLN is cheaper. Fees come from each fund's prospectus.

Other comparisons

HYDR vs ACES HYDR vs KGRN HYDR vs TAN HYDR vs QCLN ICLN vs PBD ICLN vs ACES ICLN vs SMOG ICLN vs KGRN

Where to next

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

Sources and dates

HYDR filings on SEC EDGAR ↗

HYDR prospectus with the expense ratio (SEC) ↗

Global X page for HYDR ↗

ICLN filings on SEC EDGAR ↗

ICLN prospectus with the expense ratio (SEC) ↗

iShares page for ICLN ↗

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, HYDR against ICLN, data as of Nov 4, 2026. https://etfiq.com/compare/themes/hydr-vs-icln

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