Data as of .
PBW vs RNRG: which is really different?
PBW and RNRG hold 3% of their weight in the same names, and PBW returned more over the year.
ETFIQ Off-Index Score: RNRG 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
3% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, PBW and RNRG hold 3% of their money in the same securities at the same weight.
| Holding | PBW | RNRG |
|---|---|---|
| Ormat Technologies Inc | 1.54% | 4.42% |
| Sunrun Inc | 1.14% | 1.50% |
| Only in PBW | Only in RNRG |
|---|---|
| Beta Technologies Inc 2.59% | VERBUND AG 6.78% |
| Darling Ingredients Inc 2.39% | AXIA ENERGIA SA 6.68% |
| Cadeler A/S 2.29% | ORSTED A/S 5.94% |
| Gevo Inc 2.15% | EDP RENEWABLES SA 5.88% |
| Itron Inc 2.10% | BARITO RENEWABLES ENERGY TBK 5.72% |
| OPAL Fuels Inc 2.04% | ENLIGHT RENEWABLE ENERGY LTD 5.32% |
| Gentherm Inc 2.01% | ENGIE BRASIL ENERGIA SA 4.83% |
| Preformed Line Products Co 1.95% | MERIDIAN ENERGY LTD 4.68% |
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 | |||
|---|---|---|---|---|---|---|
| PBW | RNRG | PBW | RNRG | PBW | RNRG | |
| 3 months | −25.8% | −6.8% | −28.1 pts | −9.1 pts | −23.4 pts | −4.3 pts |
| 6 months | −0.1% | −5.5% | −18.1 pts | −23.5 pts | −24.3 pts | −29.7 pts |
| 1 year | +11.1% | +9.7% | −5.5 pts | −6.9 pts | −10.7 pts | −12.1 pts |
| 3 years | −4.3% | +8.1% | −82.7 pts | −70.3 pts | −102.5 pts | −90.1 pts |
| Since launch | −25.2% | −0.4% | −828.8 pts | −334.0 pts | −1715.5 pts | −609.3 pts |
| PBW Invesco WilderHill Clean Energy ETF Holds 74 stocks in clean energy, 8% of its weight in S&P 500 companies | RNRG Global X Renewable Energy Producers ETF Holds 43 stocks in clean energy, 0% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Invesco | Global X |
| Theme | Clean energy | Clean energy |
| In the S&P 500 | 7.7% | 0.0% |
| Active share vs the S&P 500 | 97.9% | 100.0% |
| In the Nasdaq-100 | 3.2% | 0.0% |
| Holdings | 74 | 43 |
| Top ten, share of the fund | 21.3% | 54.6% |
| Expense ratio | 0.63% | 0.65% |
| Fee for the differing part | 0.64% | 0.65% |
| Total return, 1 year | +11.1% | +9.7% |
| vs the S&P 500 | −5.5 pts | −6.9 pts |
| vs the Nasdaq-100 | −10.7 pts | −12.1 pts |
| Below its high | −74.5% | −40.1% |
| Net assets | $363m | $24m |
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.
RNRG in plain words
By weight, 0% of RNRG'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 55% of the fund across 43 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +9.7% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 6.9 pts. It sits 40.1% below its all-time high of Jan 7, 2021.
Questions people ask
- Do PBW and RNRG hold the same stocks?
- By their latest filings, 3% 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, PBW or RNRG?
- PBW has 8% of its weight in S&P 500 names and RNRG has 0%, so RNRG differs more from the index.
- Which is cheaper, PBW or RNRG?
- PBW charges 0.63% a year and RNRG charges 0.65%, 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, PBW against RNRG, data as of Sep 18, 2026. https://etfiq.com/compare/themes/pbw-vs-rnrg Free to use with attribution; the underlying files are at Open data.