Do HYDR and PBW hold the same stocks?

By their latest filings, 5% 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 PBW?

HYDR has 6% of its weight in S&P 500 names and PBW has 8%, so HYDR differs more from the index.

Which is cheaper, HYDR or PBW?

HYDR charges 0.50% a year and PBW charges 0.63%, so HYDR is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

HYDR vs PBW: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, HYDR returned −14.7% to PBW's −13.3%; 5% 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 $296m on Nov 3, 2026 for Invesco WilderHill Clean Energy ETF.

HYDR on its own →PBW on its own →

At a glance

5.6%

HYDR in the S&P 500

8.1%

PBW in the S&P 500

−14.7%

HYDR total return, 1 year

−13.3%

PBW 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.

PBW · 1 year to Nov 4, 2026 92% of its weight is outside the S&P 500

8% of PBW's weight is in S&P 500 companies and 92% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

HYDR costs 0.13 points a year less; their one-year returns differ by 1.4 points; PBW is 3.6 times larger.

Points (pts) are percentage points.

HYDR vs PBW: Holdings Overlap & Returns
Measure	HYDR	PBW
Return
Measure	HYDR	PBW
Total return, 1 year	−14.7%	−13.3%
Drawdown
Measure	HYDR	PBW
Below its all-time high	74.1%, high on Nov 8, 2021	77.8%, high on Feb 9, 2021
Against its benchmark
Measure	HYDR	PBW
What it tracks	Clean energy	Clean energy
Its benchmark, total return, 1 year		+14.8%
Against its benchmark, 1 year		behind by 28.1 pts
Cost and size
Measure	HYDR	PBW
Expense ratio	0.50%	0.63%
Net assets, as of Oct 12, 2026	$89m	$316m
Holdings
Measure	HYDR	PBW
Holdings in common	5%

Method

What they share

By the books each fund has filed, HYDR and PBW hold 5% 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

5% in common

Positions both hold · largest shared weight first HYDR PBW

BLOOM ENERGY CORPORATION 13.69% 1.31%

BALLARD POWER SYSTEMS INC. 3.53% 1.17%

PLUG POWER INC. 10.36% 1.13%

FUELCELL ENERGY, INC. 5.54% 1.06%

Only in one fund ↓

Only in HYDR

Doosan Fuel Cell Co., Ltd. 10.73%

CERES POWER HOLDINGS PLC 7.46%

SFC Energy AG 6.81%

ITM POWER PLC 4.51%

Nel ASA 4.36%

H-POWER PLC 3.37%

AIR PRODUCTS AND CHEMICALS, INC. 3.16%

TOYOTA MOTOR CORPORATION 3.07%

Only in PBW

Array Technologies Inc 2.35%

Nextpower Inc 2.33%

Cadeler A/S 2.01%

EVgo Inc 2.00%

Jinko Holdings Ltd 1.94%

Ormat Technologies Inc 1.94%

First Solar Inc 1.85%

Universal Display Corp 1.84%

Check overlap with more funds →

Window by window

Window by window: HYDR vs PBW: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	HYDR	PBW	HYDR	PBW
3 months	−18.7%	−20.4%	not measured	−20.1 pts vs IWV
6 months	−44.4%	−32.9%	not measured	−37.8 pts vs IWV
1 year	−14.7%	−13.3%	not measured	−28.1 pts vs IWV
3 years	+12.6%	+4.1%	not measured	−76.9 pts vs IWV
Since launchNot the same days: HYDR Jul 2021 · PBW Mar 2005	−68.6%	−52.4%	not measured	not measured

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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 PBW Invesco WilderHill Clean Energy ETF · Holds 73 stocks in clean energy, 8% of its weight in S&P 500 companies

Issuer Global X Invesco

Theme Clean energy Clean energy

In the S&P 500 5.6% 8.1%

Active share vs the S&P 500 99.7% 97.9%

In the Nasdaq-100 0.0% 3.3%

Holdings 25 73

Top ten, share of the fund 70.4% 19.7%

Expense ratio 0.50% 0.63%

Fee for the differing part 0.50% 0.64%

Total return, 1 year −14.7% −13.3%

vs its benchmark not measured −28.1 pts vs IWV

Below its high −74.1% −77.8%

Net assets, HYDR as of Oct 12, 2026 and PBW as of Nov 3, 2026 $89m $296m

As of Nov 4, 2026. Source: ETFIQ.

5% 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.

PBW

Over the year to Nov 4, 2026 the fund returned −13.3% with distributions reinvested against +14.8% for its benchmark, the Russell 3000 Index, so a holder was behind by 28.1 pts.

By weight, 8% of PBW'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 20% of the fund across 73 positions, as published by its issuer for Nov 3, 2026. It sits 77.8% below its all-time high of Feb 9, 2021.

Questions people ask

Do HYDR and PBW hold the same stocks?: By their latest filings, 5% 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 PBW?: HYDR has 6% of its weight in S&P 500 names and PBW has 8%, so HYDR differs more from the index.
Which is cheaper, HYDR or PBW?: HYDR charges 0.50% a year and PBW charges 0.63%, so HYDR is cheaper. Fees come from each fund's prospectus.

Other comparisons

HYDR vs ICLN HYDR vs VCLN HYDR vs QCLN HYDR vs CNRG PBW vs RNRG PBW vs QCLN PBW vs VCLN PBW vs ACES

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →HYDR on its own →PBW on its own →HYDR dividend history →HYDR holdings →PBW dividend history →PBW 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 ↗

PBW filings on SEC EDGAR ↗

PBW prospectus with the expense ratio (SEC) ↗

Invesco page for PBW ↗

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 PBW, data as of Nov 4, 2026. https://etfiq.com/compare/themes/hydr-vs-pbw

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