Do ICLN and KGRN 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, ICLN or KGRN?

ICLN has 9% of its weight in S&P 500 names and KGRN has 0%, so ICLN differs more from the index.

Which is cheaper, ICLN or KGRN?

ICLN charges 0.38% a year and KGRN charges 0.79%, so ICLN is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

ICLN vs KGRN: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, ICLN returned −2.3% to KGRN's −26.1%; 8% of their weight is in the same names.

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Net assets on Nov 4, 2026: $2.1bn for iShares Global Clean Energy ETF and $44m for KraneShares MSCI China Clean Technology Index ETF.

ICLN on its own →KGRN on its own →

At a glance

8.8%

ICLN in the S&P 500

0.0%

KGRN in the S&P 500

−2.3%

ICLN total return, 1 year

−26.1%

KGRN total return, 1 year

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.

KGRN · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500

0% of KGRN's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Nov 4, 2026.

Pair scorecard

ICLN costs 0.41 points a year less; their one-year returns differ by 23.8 points; ICLN is far larger, $2.1bn against $44m.

ICLN vs KGRN: Holdings Overlap & Returns
Measure	ICLN	KGRN
Return
Measure	ICLN	KGRN
Total return, 1 year	−2.3%	−26.1%
Drawdown
Measure	ICLN	KGRN
Below its all-time high	54.7%, high on Jun 25, 2008	57.8%, high on Feb 16, 2021
Benchmark
Measure	ICLN	KGRN
What it tracks	Clean energy	Clean energy
Cost and size
Measure	ICLN	KGRN
Expense ratio	0.38%	0.79%
Net assets	$2.1bn	$44m
Holdings
Measure	ICLN	KGRN
Holdings in common	8%

Method

What they share

By the books each fund has filed, ICLN and KGRN hold 8% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

50%

0 half 100%

half

8% in common

Positions both hold · largest shared weight first ICLN KGRN

CHINA YANGTZE POWER LTD A 5.59% 10.33%

CHINA LONGYUAN POWER GROUP H 0.95% 4.54%

SICHUAN CHUANTOU ENERGY LTD A 0.73% 2.91%

JINKO SOLAR LTD A 0.36% 0.98%

JINKO HOLDINGS ADS REP 0.22% 0.77%

Only in one fund ↓

Only in ICLN

NEXTPOWER INC 9.29%

FIRST SOLAR 8.75%

IBERDROLA 6.71%

BLOOM ENERGY CLASS A 6.23%

AXIA ENERGIA SA 3.84%

VESTAS WIND SYSTEMS 3.32%

ORMAT TECH INC 3.08%

ENPHASE ENERGY 2.85%

Only in KGRN

CGN POWER CO LTD-H 12.23%

BYD CO LTD-H 7.17%

CHINA NATIONAL NUCLEAR POW-A 5.43%

EB ENVIRONMENT 4.78%

SDIC POWER HOLDINGS CO LTD-A 3.91%

CHINA CONCH VENTURE HOLDINGS 3.64%

SUNGROW POWER SUPPLY CO LT-A 3.60%

CONTEMPORARY AMPEREX TECHN-A 3.32%

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Window by window

Window by window: ICLN vs KGRN: Holdings Overlap & Returns
	Total return
Window	ICLN	KGRN
3 months	−8.3%	−10.1%
6 months	−21.9%	−24.8%
1 year	−2.3%	−26.1%
3 years	+27.1%	−8.0%
Since launchNot the same days: ICLN Jun 2008 · KGRN Oct 2017	−54.7%	−1.9%

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Side by side

ICLN iShares Global Clean Energy ETF · Holds 106 stocks in clean energy, 9% of its weight in S&P 500 companies KGRN KraneShares MSCI China Clean Technology Index ETF · Holds 48 stocks in clean energy, 0% of its weight in S&P 500 companies

Issuer iShares KraneShares

Theme Clean energy Clean energy

In the S&P 500 8.8% 0.0%

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

In the Nasdaq-100 0.0% 0.0%

Holdings 106 48

Top ten, share of the fund 52.4% 59.0%

Expense ratio 0.38% 0.79%

Fee for the differing part 0.38% 0.79%

Total return, 1 year −2.3% −26.1%

vs its benchmark not measured not measured

Below its high −54.7% −57.8%

Net assets $2.1bn $44m

As of Nov 4, 2026. Source: ETFIQ.

8% of the two portfolios are the same securities at the same weight.

Alert

About each fund

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.

KGRN

By weight, 0% of KGRN'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 59% of the fund across 48 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned −26.1% with distributions reinvested. It sits 57.8% below its all-time high of Feb 16, 2021.

Questions people ask

Do ICLN and KGRN 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, ICLN or KGRN?: ICLN has 9% of its weight in S&P 500 names and KGRN has 0%, so ICLN differs more from the index.
Which is cheaper, ICLN or KGRN?: ICLN charges 0.38% a year and KGRN charges 0.79%, so ICLN is cheaper. Fees come from each fund's prospectus.

Other comparisons

ICLN vs CCSO ICLN vs PBD ICLN vs ACES ICLN vs PBW KGRN vs TAN KGRN vs QCLN KGRN vs PBW KGRN vs CNRG

Where to next

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

Sources and dates

ICLN filings on SEC EDGAR ↗

ICLN prospectus with the expense ratio (SEC) ↗

iShares page for ICLN ↗

KGRN filings on SEC EDGAR ↗

KGRN prospectus with the expense ratio (SEC) ↗

KraneShares page for KGRN ↗

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

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