Data as of .
ICLN vs KGRN: which is really different?
ICLN and KGRN hold 11% of their weight in the same names, and ICLN returned more over the year.
ETFIQ Off-Index Score: ICLN scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
11% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, ICLN and KGRN hold 11% of their money in the same securities at the same weight.
| Holding | ICLN | KGRN |
|---|---|---|
| CHINA LONGYUAN POWER GROUP H | 1.15% | 4.23% |
| JINKOSOLAR HOLDING ADR REP | 0.31% | 0.75% |
| Only in ICLN | Only in KGRN |
|---|---|
| BLOOM ENERGY CLASS A 9.47% | CGN POWER CO LTD-H 10.44% |
| CHINA YANGTZE POWER LTD A 7.72% | CHINA YANGTZE POWER CO LTD-A 9.71% |
| FIRST SOLAR 7.69% | BYD CO LTD-H 8.07% |
| NEXTPOWER INC 6.51% | CHINA NATIONAL NUCLEAR POW-A 4.96% |
| ENPHASE ENERGY 4.41% | EB ENVIRONMENT 4.66% |
| VESTAS WIND SYSTEMS 4.36% | CONTEMPORARY AMPEREX TECHN-A 3.94% |
| EQUATORIAL SA 3.29% | SUNGROW POWER SUPPLY CO LT-A 3.84% |
| EDP ENERGIAS DE PORTUGAL 2.93% | CONTEMPORARY AMPEREX TECHN-H 3.76% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 17, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| ICLN | KGRN | ICLN | KGRN | ICLN | KGRN | |
| 3 months | −16.8% | −10.9% | −19.0 pts | −13.2 pts | −14.3 pts | −8.5 pts |
| 6 months | −2.5% | −22.8% | −20.5 pts | −40.8 pts | −26.8 pts | −47.0 pts |
| 1 year | +18.0% | −28.1% | +1.4 pts | −44.6 pts | −3.8 pts | −49.9 pts |
| 3 years | +18.6% | −10.9% | −59.8 pts | −89.3 pts | −79.5 pts | −109.1 pts |
| Since launch | +9.3% | −1.8% | −794.3 pts | −245.0 pts | −1681.0 pts | −417.3 pts |
| ICLN iShares Global Clean Energy ETF Holds 138 stocks in clean energy, 8% of its weight in S&P 500 companies | KGRN KraneShares MSCI China Clean Technology Index ETF Holds 51 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 | 7.7% | 0.0% |
| Active share vs the S&P 500 | 100.0% | 100.0% |
| In the Nasdaq-100 | 0.0% | 0.0% |
| Holdings | 138 | 51 |
| Top ten, share of the fund | 51.9% | 57.1% |
| Expense ratio | 0.38% | 0.79% |
| Fee for the differing part | 0.38% | 0.79% |
| Total return, 1 year | +18.0% | −28.1% |
| vs the S&P 500 | +1.4 pts | −44.6 pts |
| vs the Nasdaq-100 | −3.8 pts | −49.9 pts |
| Below its high | −43.5% | −57.7% |
| Net assets | $2.1bn | $47m |
ICLN in plain words
By weight, 8% 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 138 positions, as published by its issuer for Sep 17, 2026. Over the year to Sep 18, 2026 the fund returned +18.0% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 1.4 pts. It sits 43.5% below its all-time high of Jan 7, 2021.
KGRN in plain words
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 57% of the fund across 51 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned −28.1% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 44.6 pts. It sits 57.7% below its all-time high of Feb 16, 2021.
Questions people ask
- Do ICLN and KGRN hold the same stocks?
- By their latest filings, 11% of their books are the same securities at the same weight, which is mostly different names. 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 8% 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
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, ICLN against KGRN, data as of Sep 18, 2026. https://etfiq.com/compare/themes/icln-vs-kgrn Free to use with attribution; the underlying files are at Open data.