Do IQSZ and PCLN hold the same stocks?

By their latest filings, 6% 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, IQSZ or PCLN?

IQSZ has 61% 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.

Data as of Nov 4, 2026.

Thematic ETFs

IQSZ vs PCLN: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, IQSZ returned +19.3% to PCLN's +15.5%; 6% of their weight is in the same names.

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Net assets: $166m on Nov 3, 2026 for Invesco Global Equity Net Zero ETF, and $18m on Jun 30, 2026 for Pictet Cleaner Planet ETF.

IQSZ on its own →PCLN on its own →

At a glance

61.3%

IQSZ in the S&P 500

59.1%

PCLN in the S&P 500

+19.3%

IQSZ total return, 1 year

+15.5%

PCLN total return, 1 year

IQSZ · 1 year to Nov 4, 2026 39% of its weight is outside the S&P 500

61% of IQSZ's weight is in S&P 500 companies and 39% is outside the index. Holdings as of Nov 3, 2026.

PCLN · 1 year to Nov 4, 2026 41% of its weight is outside the S&P 500

59% of PCLN's weight is in S&P 500 companies and 41% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

IQSZ costs 0.51 points a year less; their one-year returns differ by 3.8 points.

Points (pts) are percentage points.

IQSZ vs PCLN: Holdings Overlap & Returns
Measure	IQSZ	PCLN
Return
Measure	IQSZ	PCLN
Total return, 1 year	+19.3%	+15.5%
Drawdown
Measure	IQSZ	PCLN
Below its all-time high		14.3%, high on Jun 22, 2026
Against its benchmark
Measure	IQSZ	PCLN
What it tracks	Energy transition and decarbonisation	Energy transition and decarbonisation
Its benchmark, total return, 1 year	+15.0%	+15.0%
Against its benchmark, 1 year	ahead by 4.3 pts
Cost and size
Measure	IQSZ	PCLN
Expense ratio	0.19%	0.70%
Net assets, IQSZ as of Nov 3, 2026 and PCLN as of Jun 30, 2026	$166m	$18m
Holdings
Measure	IQSZ	PCLN
Holdings in common	6%

ETFIQ S&P 500 Difference Score · PCLN scores higher How much of its weight does it not share with the S&P 500?

IQ Themes Score1.3IQSZ58.3PCLN

How different its holdings are from the S&P 500, ranked against 114 thematic ETFs with at least half their money in S&P 500 companies. 100 is best. How it is computed

IQSZ 1.3

PCLN 58.3

0.4, the lowest in this set 99.6, the highest

Weight not shared with the S&P 500 only; it says nothing about returns, fees or whether the theme pays off. All thematic ETFs ranked by it →

Method

What they share

By the books each fund has filed, IQSZ and PCLN hold 6% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

50%

0 half 100%

half

6% in common

Positions both hold · largest shared weight first IQSZ PCLN

Broadcom Inc 1.50% 2.74%

NVIDIA Corp 3.77% 1.05%

Lam Research Corp 0.46% 2.23%

Applied Materials Inc 0.37% 6.55%

Analog Devices Inc 0.29% 1.80%

KLA Corp 0.28% 1.52%

Thermo Fisher Scientific Inc 0.27% 0.85%

Arista Networks Inc 0.26% 1.08%

Rockwell Automation Inc 0.24% 0.78%

ON Semiconductor Corp 0.17% 1.30%

Trane Technologies PLC 0.17% 2.60%

Marvell Technology Inc 0.14% 2.85%

Only in one fund ↓

Only in IQSZ

Apple Inc 5.04%

Microsoft Corp 3.69%

Amazon.com Inc 2.44%

Taiwan Semiconductor Manufacturing Co Ltd 1.94%

Alphabet Inc 1.74%

Meta Platforms Inc 1.38%

Alphabet Inc 1.30%

Micron Technology Inc 1.18%

Only in PCLN

ASML HOLDING NV /EUR 5.55%

TAIWAN SEMICONDUCTOR-SP ADR 4.79%

ECOLAB INC 3.74%

CADENCE DESIGN SYS INC 3.39%

INFINEON TECHNOLOGIES AG /EUR 3.20%

SCHNEIDER ELEC SA /EUR 2.99%

REPUBLIC SERVICES INC 2.78%

IBERDROLA SA /EUR 2.57%

Check overlap with more funds →

Window by window

Window by window: IQSZ vs PCLN: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	IQSZ	PCLN	IQSZ	PCLN
3 months	−1.8%	−8.7%	−0.5 pts vs ACWI	−7.4 pts vs ACWI
6 months	+3.0%	−5.1%	+0.4 pts vs ACWI	−7.7 pts vs ACWI
1 year	+19.3%	+15.5%	+4.3 pts vs ACWI	+0.5 pts vs ACWI
Since launchNot the same days: IQSZ Jul 2025 · PCLN Oct 2025	+30.1%	+14.6%	+5.7 pts vs ACWI	−1.9 pts vs ACWI

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Side by side

IQSZ Invesco Global Equity Net Zero ETF · Holds 468 stocks in energy transition and decarbonisation, 61% 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 61.3% 59.1%

Active share vs the S&P 500 50.0% 89.5%

In the Nasdaq-100 32.9% 28.7%

Holdings 468 66

Top ten, share of the fund 24.0% 38.6%

Expense ratio 0.19% 0.70%

Fee for the differing part 0.38% 0.78%

Total return, 1 year +19.3% +15.5%

vs its benchmark +4.3 pts vs ACWI +0.5 pts vs ACWI

Below its high −2.7% −14.3%

Net assets, IQSZ as of Nov 3, 2026 and PCLN as of Jun 30, 2026 $166m $18m

As of Nov 4, 2026. Source: ETFIQ.

6% of the two portfolios are the same securities at the same weight.

Alert

About each fund

IQSZ

By weight, 61% 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 24% of the fund across 468 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +19.3% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 4.3 pts.

PCLN

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 90%. The top ten holdings are 39% of the fund across 66 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned +15.5% with distributions reinvested against +15.0% for its benchmark, the MSCI All Country World Index, so a holder was about even. It sits 14.3% below its all-time high of Jun 22, 2026.

Questions people ask

Do IQSZ and PCLN hold the same stocks?: By their latest filings, 6% 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, IQSZ or PCLN?: IQSZ has 61% 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

IQSZ vs NBET IQSZ vs NVIR IQSZ vs ETHO IQSZ vs USNZ PCLN vs PWER PCLN vs ETEC PCLN vs USNZ PCLN vs ETHO

Where to next

IQSZ on its own →PCLN on its own →IQSZ dividend history →IQSZ holdings →PCLN dividend history →PCLN holdings →Method →Standards and sources →

Sources and dates

IQSZ filings on SEC EDGAR ↗

IQSZ prospectus with the expense ratio (SEC) ↗

Invesco page for IQSZ ↗

PCLN filings on SEC EDGAR ↗

PCLN prospectus with the expense ratio (SEC) ↗

Pictet website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

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, IQSZ against PCLN, data as of Nov 4, 2026. https://etfiq.com/compare/themes/iqsz-vs-pcln

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