Do ICLN and VCLN hold the same stocks?

By their latest filings, 54% 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 VCLN?

ICLN has 9% of its weight in S&P 500 names and VCLN has 15%, so ICLN differs more from the index.

Which is cheaper, ICLN or VCLN?

ICLN charges 0.38% a year and VCLN charges 0.59%, so ICLN is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

ICLN vs VCLN: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, ICLN returned −2.3% to VCLN's +3.8%; 54% of their weight is in the same names.

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Net assets: $2.1bn on Nov 4, 2026 for iShares Global Clean Energy ETF, and $5.5m on Jul 31, 2026 for Virtus Duff & Phelps Clean Energy ETF.

ICLN on its own →VCLN on its own →

At a glance

8.8%

ICLN in the S&P 500

15.4%

VCLN in the S&P 500

−2.3%

ICLN total return, 1 year

+3.8%

VCLN 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.

VCLN · 1 year to Nov 4, 2026 85% of its weight is outside the S&P 500

15% of VCLN's weight is in S&P 500 companies and 85% is outside the index. Holdings as of Jul 31, 2026.

Pair scorecard

ICLN costs 0.21 points a year less; their one-year returns differ by 6.1 points.

ICLN vs VCLN: Holdings Overlap & Returns
Measure	ICLN	VCLN
Return
Measure	ICLN	VCLN
Total return, 1 year	−2.3%	+3.8%
Drawdown
Measure	ICLN	VCLN
Below its all-time high	54.7%, high on Jun 25, 2008	26.3%, high on Jun 2, 2026
Benchmark
Measure	ICLN	VCLN
What it tracks	Clean energy	Clean energy
Cost and size
Measure	ICLN	VCLN
Expense ratio	0.38%	0.59%
Net assets, ICLN as of Nov 4, 2026 and VCLN as of Jul 31, 2026	$2.1bn	$5.5m
Holdings
Measure	ICLN	VCLN
Holdings in common	54%

Method

What they share

54%

By the books each fund has filed, ICLN and VCLN hold 54% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

54% in common

Positions both hold · largest shared weight first ICLN VCLN

FIRST SOLAR 8.75% 8.07%

BLOOM ENERGY CLASS A 6.23% 6.86%

NEXTPOWER INC 9.29% 5.97%

CHINA YANGTZE POWER LTD A 5.59% 6.63%

IBERDROLA 6.71% 4.00%

VESTAS WIND SYSTEMS 3.32% 3.56%

ENPHASE ENERGY 2.85% 4.33%

EDP ENERGIAS DE PORTUGAL 2.26% 3.19%

CLEARWAY ENERGY INC CLASS C 2.21% 3.67%

AXIA ENERGIA SA 3.84% 2.17%

ORMAT TECH INC 3.08% 1.73%

ORSTED A/S 1.54% 2.29%

Only in one fund ↓

Only in ICLN

ENLIGHT RENEWABLE ENERGY 1.96%

EQUATORIAL SA 1.93%

SUZLON ENERGY 1.78%

NORDEX 1.45%

WAAREE ENERGIES LTD 1.32%

HUADIAN NEW ENERGY GROUP CORP LTD 1.22%

HUANENG LANCANG RIVER HYDROPOWER I 1.06%

SHOALS TECHNOLOGIES GROUP CLASS A 1.01%

Only in VCLN

PRYSMIAN SPA 2.90%

INFINEON TECHNOLOGIES AG 2.70%

FORTUM OYJ 2.44%

MAIRE SPA 2.42%

SPIE SA 2.23%

BALFOUR BEATTY PLC 2.15%

ABB LTD (CH) 1.95%

CONSTELLATION ENERGY CORP 1.93%

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Window by window

Window by window: ICLN vs VCLN: Holdings Overlap & Returns
	Total return
Window	ICLN	VCLN
3 months	−8.3%	−6.1%
6 months	−21.9%	−19.8%
1 year	−2.3%	+3.8%
3 years	+27.1%	+68.3%
Since launchNot the same days: ICLN Jun 2008 · VCLN Aug 2021	−54.7%	+8.8%

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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 VCLN Virtus Duff & Phelps Clean Energy ETF · Holds 42 stocks in clean energy, 15% of its weight in S&P 500 companies

Issuer iShares Virtus

Theme Clean energy Clean energy

In the S&P 500 8.8% 15.4%

Active share vs the S&P 500 100.0% 98.9%

In the Nasdaq-100 0.0% 1.9%

Holdings 106 42

Top ten, share of the fund 52.4% 49.2%

Expense ratio 0.38% 0.59%

Fee for the differing part 0.38% 0.60%

Total return, 1 year −2.3% +3.8%

vs its benchmark not measured not measured

Below its high −54.7% −26.3%

Net assets, ICLN as of Nov 4, 2026 and VCLN as of Jul 31, 2026 $2.1bn $5.5m

As of Nov 4, 2026. Source: ETFIQ.

54% 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.

VCLN

By weight, 15% of VCLN's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 49% of the fund across 42 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +3.8% with distributions reinvested. It sits 26.3% below its all-time high of Jun 2, 2026.

Questions people ask

Do ICLN and VCLN hold the same stocks?: By their latest filings, 54% 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 VCLN?: ICLN has 9% of its weight in S&P 500 names and VCLN has 15%, so ICLN differs more from the index.
Which is cheaper, ICLN or VCLN?: ICLN charges 0.38% a year and VCLN charges 0.59%, so ICLN is cheaper. Fees come from each fund's prospectus.

Other comparisons

ICLN vs TAN ICLN vs RNRG ICLN vs CTEC ICLN vs KGRN VCLN vs CNRG VCLN vs ACES VCLN vs CCSO VCLN vs KGRN

Where to next

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

Sources and dates

ICLN filings on SEC EDGAR ↗

ICLN prospectus with the expense ratio (SEC) ↗

iShares page for ICLN ↗

VCLN filings on SEC EDGAR ↗

VCLN prospectus with the expense ratio (SEC) ↗

Virtus website ↗

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 VCLN, data as of Nov 4, 2026. https://etfiq.com/compare/themes/icln-vs-vcln

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