Data as of .
ICLN vs RNRG: which is really different?
ICLN and RNRG hold 10% 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
10% 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 RNRG hold 10% of their money in the same securities at the same weight.
| Holding | ICLN | RNRG |
|---|---|---|
| CLEARWAY ENERGY INC CLASS C | 1.87% | 2.76% |
| ORSTED A/S | 1.52% | 5.94% |
| CHINA LONGYUAN POWER GROUP H | 1.15% | 1.65% |
| EDP RENEWABLES SA | 0.78% | 5.88% |
| ENGIE BRASIL ENERGIA SA | 0.64% | 4.83% |
| VERBUND AG | 0.60% | 6.78% |
| CONTACT ENERGY LTD | 0.30% | 3.92% |
| RENEW ENERGY GLOBAL PLC CLASS A | 0.26% | 1.24% |
| MERIDIAN ENERGY LTD | 0.21% | 4.68% |
| Only in ICLN | Only in RNRG |
|---|---|
| BLOOM ENERGY CLASS A 9.47% | AXIA ENERGIA SA 6.68% |
| CHINA YANGTZE POWER LTD A 7.72% | BARITO RENEWABLES ENERGY TBK 5.72% |
| FIRST SOLAR 7.69% | ENLIGHT RENEWABLE ENERGY LTD 5.32% |
| NEXTPOWER INC 6.51% | ORMAT TECHNOLOGIES INC 4.42% |
| ENPHASE ENERGY 4.41% | BROOKFIELD RENEWABLE PARTNER 4.37% |
| VESTAS WIND SYSTEMS 4.36% | MERCURY NZ LTD 4.21% |
| EQUATORIAL SA 3.29% | CHINA POWER INTERNATIONAL 3.05% |
| EDP ENERGIAS DE PORTUGAL 2.93% | NORTHLAND POWER INC 3.03% |
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 | RNRG | ICLN | RNRG | ICLN | RNRG | |
| 3 months | −16.8% | −6.8% | −19.0 pts | −9.1 pts | −14.3 pts | −4.3 pts |
| 6 months | −2.5% | −5.5% | −20.5 pts | −23.5 pts | −26.8 pts | −29.7 pts |
| 1 year | +18.0% | +9.7% | +1.4 pts | −6.9 pts | −3.8 pts | −12.1 pts |
| 3 years | +18.6% | +8.1% | −59.8 pts | −70.3 pts | −79.5 pts | −90.1 pts |
| Since launch | +9.3% | −0.4% | −794.3 pts | −334.0 pts | −1681.0 pts | −609.3 pts |
| ICLN iShares Global Clean Energy ETF Holds 138 stocks in clean energy, 8% of its weight in S&P 500 companies | RNRG Global X Renewable Energy Producers ETF Holds 43 stocks in clean energy, 0% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | iShares | Global X |
| 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 | 43 |
| Top ten, share of the fund | 51.9% | 54.6% |
| Expense ratio | 0.38% | 0.65% |
| Fee for the differing part | 0.38% | 0.65% |
| Total return, 1 year | +18.0% | +9.7% |
| vs the S&P 500 | +1.4 pts | −6.9 pts |
| vs the Nasdaq-100 | −3.8 pts | −12.1 pts |
| Below its high | −43.5% | −40.1% |
| Net assets | $2.1bn | $24m |
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.
RNRG in plain words
By weight, 0% of RNRG'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 55% of the fund across 43 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +9.7% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 6.9 pts. It sits 40.1% below its all-time high of Jan 7, 2021.
Questions people ask
- Do ICLN and RNRG hold the same stocks?
- By their latest filings, 10% 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 RNRG?
- ICLN has 8% of its weight in S&P 500 names and RNRG has 0%, so ICLN differs more from the index.
- Which is cheaper, ICLN or RNRG?
- ICLN charges 0.38% a year and RNRG charges 0.65%, 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 RNRG, data as of Sep 18, 2026. https://etfiq.com/compare/themes/icln-vs-rnrg Free to use with attribution; the underlying files are at Open data.