Data as of .
PBD vs QCLN: which is really different?
PBD and QCLN hold 13% of their weight in the same names, and PBD returned more over the year.
ETFIQ Off-Index Score: PBD 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
13% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, PBD and QCLN hold 13% of their money in the same securities at the same weight.
| Holding | PBD | QCLN |
|---|---|---|
| Bloom Energy Corp | 1.13% | 10.51% |
| Rivian Automotive Inc | 0.95% | 6.89% |
| Sociedad Quimica y Minera de Chile SA | 0.91% | 1.11% |
| Plug Power Inc | 0.88% | 1.00% |
| Itron Inc | 0.87% | 1.36% |
| Universal Display Corp | 0.86% | 1.24% |
| Enlight Renewable Energy Ltd | 0.85% | 3.60% |
| HA Sustainable Infrastructure Capital Inc | 0.85% | 1.62% |
| First Solar Inc | 0.85% | 3.96% |
| Enphase Energy Inc | 0.83% | 1.57% |
| Ormat Technologies Inc | 0.83% | 2.06% |
| SolarEdge Technologies Inc | 1.04% | 0.73% |
| Only in PBD | Only in QCLN |
|---|---|
| Doosan Fuel Cell Co Ltd 1.34% | Tesla, Inc. 8.08% |
| Lotte Energy Materials Corp 1.22% | Monolithic Power Systems, Inc. 7.84% |
| CS Wind Corp 1.09% | ON Semiconductor Corporation 7.71% |
| Verbund AG 1.06% | Nextpower Inc. (Class A) 4.00% |
| Mercury NZ Ltd 1.05% | Advanced Energy Industries, Inc. 3.61% |
| Nibe Industrier AB 1.05% | Albemarle Corporation 3.35% |
| Samsung SDI Co Ltd 1.05% | Acuity Inc. 3.12% |
| J&V Energy Technology Co Ltd 1.04% | Brookfield Renewable Partners LP 3.08% |
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 | |||
|---|---|---|---|---|---|---|
| PBD | QCLN | PBD | QCLN | PBD | QCLN | |
| 3 months | −14.9% | −25.6% | −17.1 pts | −27.8 pts | −12.4 pts | −23.1 pts |
| 6 months | −0.8% | +4.5% | −18.8 pts | −13.6 pts | −25.0 pts | −19.8 pts |
| 1 year | +17.0% | +16.1% | +0.4 pts | −0.5 pts | −4.8 pts | −5.7 pts |
| 3 years | +12.7% | +7.8% | −65.7 pts | −70.6 pts | −85.5 pts | −90.4 pts |
| Since launch | +32.1% | +222.2% | −771.4 pts | −581.4 pts | −1658.1 pts | −1468.0 pts |
| PBD Invesco Global Clean Energy ETF Holds 124 stocks in clean energy, 2% of its weight in S&P 500 companies | QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund Holds 58 stocks in clean energy, 31% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Invesco | First Trust |
| Theme | Clean energy | Clean energy |
| In the S&P 500 | 1.7% | 30.9% |
| Active share vs the S&P 500 | 99.9% | 97.9% |
| In the Nasdaq-100 | 0.0% | 15.9% |
| Holdings | 124 | 58 |
| Top ten, share of the fund | 11.1% | 59.5% |
| Expense ratio | 0.75% | 0.59% |
| Fee for the differing part | 0.75% | 0.60% |
| Total return, 1 year | +17.0% | +16.1% |
| vs the S&P 500 | +0.4 pts | −0.5 pts |
| vs the Nasdaq-100 | −4.8 pts | −5.7 pts |
| Below its high | −52.6% | −44.6% |
| Net assets | $118m | $546m |
PBD in plain words
By weight, 2% of PBD'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 11% of the fund across 124 positions, as published by its issuer for Sep 19, 2026. Over the year to Sep 18, 2026 the fund returned +17.0% with distributions reinvested against +16.6% for the S&P 500, so a holder was about even. It sits 52.6% below its all-time high of Jan 22, 2021.
QCLN in plain words
By weight, 31% of QCLN'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 60% of the fund across 58 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +16.1% with distributions reinvested against +16.6% for the S&P 500, so a holder was about even. It sits 44.6% below its all-time high of Feb 9, 2021.
Questions people ask
- Do PBD and QCLN hold the same stocks?
- By their latest filings, 13% 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, PBD or QCLN?
- PBD has 2% of its weight in S&P 500 names and QCLN has 31%, so PBD differs more from the index.
- Which is cheaper, PBD or QCLN?
- PBD charges 0.75% a year and QCLN charges 0.59%, so QCLN 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, PBD against QCLN, data as of Sep 18, 2026. https://etfiq.com/compare/themes/pbd-vs-qcln Free to use with attribution; the underlying files are at Open data.