Data as of .
IQSZ vs PCLN: which is really different?
IQSZ and PCLN hold 8% of their weight in the same names.
ETFIQ Off-Index Score: PCLN 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
8% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, IQSZ and PCLN hold 8% of their money in the same securities at the same weight.
| Holding | IQSZ | PCLN |
|---|---|---|
| Broadcom Inc | 1.46% | 2.75% |
| NVIDIA Corp | 5.05% | 1.05% |
| Lam Research Corp | 0.45% | 2.23% |
| Applied Materials Inc | 0.41% | 6.57% |
| KLA Corp | 0.31% | 1.52% |
| Arista Networks Inc | 0.30% | 1.09% |
| Analog Devices Inc | 0.25% | 1.81% |
| Rockwell Automation Inc | 0.21% | 0.78% |
| Thermo Fisher Scientific Inc | 0.18% | 0.85% |
| Trane Technologies PLC | 0.17% | 2.61% |
| Marvell Technology Inc | 0.15% | 2.86% |
| Linde PLC | 0.11% | 1.11% |
| Only in IQSZ | Only in PCLN |
|---|---|
| Apple Inc 4.92% | ASML HOLDING NV /EUR/ 5.57% |
| Microsoft Corp 3.34% | TAIWAN SEMICONDUCTOR-SP ADR 4.81% |
| Amazon.com Inc 2.44% | ECOLAB INC 3.75% |
| Taiwan Semiconductor Manufacturing Co Ltd 2.04% | CADENCE DESIGN SYS INC 3.40% |
| Alphabet Inc 1.98% | INFINEON TECHNOLOGIES AG /EUR/ 3.21% |
| Alphabet Inc 1.56% | SCHNEIDER ELEC SA /EUR/ 3.00% |
| Meta Platforms Inc 1.42% | REPUBLIC SERVICES INC 2.79% |
| Micron Technology Inc 1.25% | IBERDROLA SA /EUR/ 2.58% |
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 Jun 30, 2026 and Sep 19, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| IQSZ | PCLN | IQSZ | PCLN | IQSZ | PCLN | |
| 3 months | +1.2% | −11.4% | −1.1 pts | −13.7 pts | +3.7 pts | −8.9 pts |
| 6 months | +18.8% | +16.9% | +0.8 pts | −1.1 pts | −5.4 pts | −7.4 pts |
| 1 year | +22.5% | not published | +5.9 pts | not published | +0.7 pts | not published |
| Since launch | +31.5% | +17.4% | +7.9 pts | +0.8 pts | +1.5 pts | −3.3 pts |
| IQSZ Invesco Global Equity Net Zero ETF Holds 489 stocks in energy transition and decarbonisation, 60% of its weight in S&P 500 companies | PCLN Pictet Cleaner Planet ETF Holds 66 stocks in energy transition and decarbonisation, 59% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Invesco | Pictet |
| Theme | Energy transition and decarbonisation | Energy transition and decarbonisation |
| In the S&P 500 | 60.1% | 59.3% |
| Active share vs the S&P 500 | 49.7% | 89.4% |
| In the Nasdaq-100 | 32.6% | 28.8% |
| Holdings | 489 | 66 |
| Top ten, share of the fund | 25.5% | 38.7% |
| Expense ratio | 0.19% | 0.70% |
| Fee for the differing part | 0.38% | 0.78% |
| Total return, 1 year | +22.5% | +17.4% (since launch on Oct 16, 2025) |
| vs the S&P 500 | +5.9 pts | +0.8 pts |
| vs the Nasdaq-100 | +0.7 pts | −3.3 pts |
| Below its high | −1.6% | −12.2% |
| Net assets | $174m | $18m |
IQSZ in plain words
By weight, 60% of IQSZ's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 50%. The top ten holdings are 26% of the fund across 489 positions, as published by its issuer for Sep 19, 2026. Over the year to Sep 18, 2026 the fund returned +22.5% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 5.9 pts.
PCLN in plain words
By weight, 59% of PCLN's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 89%. The top ten holdings are 39% of the fund across 66 positions, as filed for Jun 30, 2026. Since it launched on Oct 16, 2025 the fund returned +17.4% with distributions reinvested against +16.5% for the S&P 500, so a holder was ahead by 0.8 pts. It sits 12.2% below its all-time high of Jun 22, 2026.
Questions people ask
- Do IQSZ and PCLN hold the same stocks?
- By their latest filings, 8% 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, IQSZ or PCLN?
- IQSZ has 60% of its weight in S&P 500 names and PCLN has 59%, so PCLN differs more from the index.
- Which is cheaper, IQSZ or PCLN?
- IQSZ charges 0.19% a year and PCLN charges 0.70%, so IQSZ 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, IQSZ against PCLN, data as of Sep 18, 2026. https://etfiq.com/compare/themes/iqsz-vs-pcln Free to use with attribution; the underlying files are at Open data.