Data as of .
KGRN vs PBW: which is really different?
KGRN and PBW hold 4% of their weight in the same names, and PBW returned more over the year.
ETFIQ Off-Index Score: KGRN 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
4% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, KGRN and PBW hold 4% of their money in the same securities at the same weight.
| Holding | KGRN | PBW |
|---|---|---|
| JINKOSOLAR HOLDING CO-ADR | 0.75% | 1.18% |
| Only in KGRN | Only in PBW |
|---|---|
| CGN POWER CO LTD-H 10.44% | Beta Technologies Inc 2.59% |
| CHINA YANGTZE POWER CO LTD-A 9.71% | Darling Ingredients Inc 2.39% |
| BYD CO LTD-H 8.07% | Cadeler A/S 2.29% |
| CHINA NATIONAL NUCLEAR POW-A 4.96% | Gevo Inc 2.15% |
| EB ENVIRONMENT 4.66% | Itron Inc 2.10% |
| CHINA LONGYUAN POWER GROUP-H 4.23% | OPAL Fuels Inc 2.04% |
| CONTEMPORARY AMPEREX TECHN-A 3.94% | Gentherm Inc 2.01% |
| SUNGROW POWER SUPPLY CO LT-A 3.84% | Preformed Line Products Co 1.95% |
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 18, 2026 and Sep 19, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| KGRN | PBW | KGRN | PBW | KGRN | PBW | |
| 3 months | −10.9% | −25.8% | −13.2 pts | −28.1 pts | −8.5 pts | −23.4 pts |
| 6 months | −22.8% | −0.1% | −40.8 pts | −18.1 pts | −47.0 pts | −24.3 pts |
| 1 year | −28.1% | +11.1% | −44.6 pts | −5.5 pts | −49.9 pts | −10.7 pts |
| 3 years | −10.9% | −4.3% | −89.3 pts | −82.7 pts | −109.1 pts | −102.5 pts |
| Since launch | −1.8% | −25.2% | −245.0 pts | −828.8 pts | −417.3 pts | −1715.5 pts |
| KGRN KraneShares MSCI China Clean Technology Index ETF Holds 51 stocks in clean energy, 0% of its weight in S&P 500 companies | PBW Invesco WilderHill Clean Energy ETF Holds 74 stocks in clean energy, 8% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | KraneShares | Invesco |
| Theme | Clean energy | Clean energy |
| In the S&P 500 | 0.0% | 7.7% |
| Active share vs the S&P 500 | 100.0% | 97.9% |
| In the Nasdaq-100 | 0.0% | 3.2% |
| Holdings | 51 | 74 |
| Top ten, share of the fund | 57.1% | 21.3% |
| Expense ratio | 0.79% | 0.63% |
| Fee for the differing part | 0.79% | 0.64% |
| Total return, 1 year | −28.1% | +11.1% |
| vs the S&P 500 | −44.6 pts | −5.5 pts |
| vs the Nasdaq-100 | −49.9 pts | −10.7 pts |
| Below its high | −57.7% | −74.5% |
| Net assets | $47m | $363m |
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.
PBW in plain words
By weight, 8% of PBW's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 21% of the fund across 74 positions, as published by its issuer for Sep 19, 2026. Over the year to Sep 18, 2026 the fund returned +11.1% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 5.5 pts. It sits 74.5% below its all-time high of Feb 9, 2021.
Questions people ask
- Do KGRN and PBW hold the same stocks?
- By their latest filings, 4% 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, KGRN or PBW?
- KGRN has 0% of its weight in S&P 500 names and PBW has 8%, so KGRN differs more from the index.
- Which is cheaper, KGRN or PBW?
- KGRN charges 0.79% a year and PBW charges 0.63%, so PBW 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, KGRN against PBW, data as of Sep 18, 2026. https://etfiq.com/compare/themes/kgrn-vs-pbw Free to use with attribution; the underlying files are at Open data.