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Data as of Nov 4, 2026.

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Thematic ETFs

NVIR vs PCLN: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, NVIR returned +21.7% to PCLN's +15.5%; 4% of their weight is in the same names.

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Net assets on Jun 30, 2026: $5.8m for Horizon Kinetics Energy and Remediation ETF and $18m for Pictet Cleaner Planet ETF.

NVIR on its own →PCLN on its own →
At a glance
41.7%
NVIR in the S&P 500
59.1%
PCLN in the S&P 500
+21.7%
NVIR total return, 1 year
+15.5%
PCLN total return, 1 year
NVIR · 1 year to Nov 4, 2026 58% of its weight is outside the S&P 500
58% of its weight is outside the S&P 50042% of NVIR's weight is in S&P 500 companies and 58% is outside the index. Holdings as of Jun 30, 2026.42%58%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 98% · top ten 46% of the fund · 39 holdings as filed for Jun 30, 2026 · Nasdaq-100: 4% in58% of its weight is outside the S&P 50042% of NVIR's weight is in S&P 500 companies and 58% is outside the index. Holdings as of Jun 30, 2026.42%58%in the S&P 500outside the S&P 500active share 98% · Nasdaq-100: 4% in

42% of NVIR's weight is in S&P 500 companies and 58% is outside the index. Holdings as of Jun 30, 2026.

PCLN · 1 year to Nov 4, 2026 41% of its weight is outside the S&P 500
41% of its weight is outside the S&P 50059% of PCLN's weight is in S&P 500 companies and 41% is outside the index. Holdings as of Jun 30, 2026.59%41%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 90% · top ten 39% of the fund · 66 holdings as filed for Jun 30, 2026 · Nasdaq-100: 29% in41% of its weight is outside the S&P 50059% of PCLN's weight is in S&P 500 companies and 41% is outside the index. Holdings as of Jun 30, 2026.59%41%in the S&P 500outsideactive share 90% · Nasdaq-100: 29% in

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

PCLN costs 0.15 points a year less; their one-year returns differ by 6.2 points; PCLN is 3.1 times larger.

Points (pts) are percentage points.

NVIR vs PCLN: Holdings Overlap & Returns
MeasureNVIRPCLN
Return
Total return, 1 year+21.7%+15.5%
Drawdown
Below its all-time high6.8%, high on Oct 30, 202614.3%, high on Jun 22, 2026
Against its benchmark
What it tracksEnergy transition and decarbonisationEnergy transition and decarbonisation
Its benchmark, total return, 1 year+15.0%
Cost and size
Expense ratio0.85%0.70%
Net assets, as of Jun 30, 2026$5.8m$18m
Holdings
Holdings in common4%

Method

What they share

4%

By the books each fund has filed, NVIR and PCLN hold 4% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.

0 half 100%

half

4% in common

Positions both hold · largest shared weight first NVIR PCLN
Ecolab Inc 1.89% 3.74%
Xylem Inc 1.22% 1.89%
Veralto Corp 1.22% 0.74%
Only in one fund ↓
Only in NVIR
Texas Pacific Land Corp 6.22%
CES Energy Solutions Corp 5.94%
Williams Cos Inc 5.60%
WaterBridge Infrastructure LLC 5.29%
Enerflex Ltd 4.20%
EQT Corp 4.06%
Permian Basin Royalty Trust 4.00%
Cheniere Energy Inc 3.87%
Only in PCLN
APPLIED MATERIALS INC 6.55%
ASML HOLDING NV /EUR 5.55%
TAIWAN SEMICONDUCTOR-SP ADR 4.79%
CADENCE DESIGN SYS INC 3.39%
INFINEON TECHNOLOGIES AG /EUR 3.20%
SCHNEIDER ELEC SA /EUR 2.99%
MARVELL TECHNOLOGY INC 2.85%
REPUBLIC SERVICES INC 2.78%
Check overlap with more funds →

Window by window

Window by window: NVIR vs PCLN: Holdings Overlap & Returns
Total returnvs its benchmark
WindowNVIRPCLNNVIRPCLN
3 months−1.9%−8.7%not measured−7.4 pts vs ACWI
6 months−2.6%−5.1%not measured−7.7 pts vs ACWI
1 year+21.7%+15.5%not measured+0.5 pts vs ACWI
3 years+49.0%–not measured–
Since launchNot the same days: NVIR Feb 2023 · PCLN Oct 2025+62.6%+14.6%not measured−1.9 pts vs ACWI

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Side by side

NVIR Horizon Kinetics Energy and Remediation ETF · Holds 39 stocks in energy transition and decarbonisation, 42% 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 Horizon Kinetics Pictet
Theme Energy transition and decarbonisation Energy transition and decarbonisation
In the S&P 500 41.7% 59.1%
Active share vs the S&P 500 98.0% 89.5%
In the Nasdaq-100 4.2% 28.7%
Holdings 39 66
Top ten, share of the fund 46.4% 38.6%
Expense ratio 0.85% 0.70%
Fee for the differing part 0.87% 0.78%
Total return, 1 year +21.7% +15.5%
vs its benchmark not measured +0.5 pts vs ACWI
Below its high −6.8% −14.3%
Net assets, as of Jun 30, 2026 $5.8m $18m

As of Nov 4, 2026. Source: ETFIQ.

4% of the two portfolios are the same securities at the same weight.

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About each fund
NVIR

By weight, 42% of NVIR'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 46% of the fund across 39 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned +21.7% with distributions reinvested. It sits 6.8% below its all-time high of Oct 30, 2026.

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 NVIR and PCLN hold the same stocks?
By their latest filings, 4% 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, NVIR or PCLN?
NVIR has 42% of its weight in S&P 500 names and PCLN has 59%, so NVIR differs more from the index.
Which is cheaper, NVIR or PCLN?
NVIR charges 0.85% a year and PCLN charges 0.70%, so PCLN is cheaper. Fees come from each fund's prospectus.
Other comparisons
NVIR vs ETECNVIR vs EVXNVIR vs ETHONVIR vs PWERPCLN vs ETECPCLN vs PWERPCLN vs EVXPCLN vs ETHO
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →NVIR on its own →PCLN on its own →NVIR dividend history →NVIR holdings →PCLN dividend history →PCLN holdings →Method →Standards and sources →
Sources and dates
NVIR filings on SEC EDGAR ↗
NVIR prospectus with the expense ratio (SEC) ↗
Horizon Kinetics website ↗
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

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

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.