Data as of Nov 4, 2026.
PBW vs VCLN: Holdings Overlap & Returns
Over the year to Nov 4, 2026, PBW returned −13.3% to VCLN's +3.8%; 12% of their weight is in the same names.
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Net assets: $296m on Nov 3, 2026 for Invesco WilderHill Clean Energy ETF, and $5.5m on Jul 31, 2026 for Virtus Duff & Phelps Clean Energy ETF.
8% of PBW's weight is in S&P 500 companies and 92% is outside the index. Holdings as of Nov 3, 2026.
15% of VCLN's weight is in S&P 500 companies and 85% is outside the index. Holdings as of Jul 31, 2026.
Pair scorecard
VCLN costs 0.04 points a year less; their one-year returns differ by 17.1 points.
Points (pts) are percentage points.
| Measure | PBW | VCLN |
|---|---|---|
| Return | ||
| Total return, 1 year | −13.3% | +3.8% |
| Drawdown | ||
| Below its all-time high | 77.8%, high on Feb 9, 2021 | 26.3%, high on Jun 2, 2026 |
| Against its benchmark | ||
| What it tracks | Clean energy | Clean energy |
| Its benchmark, total return, 1 year | +14.8% | |
| Against its benchmark, 1 year | behind by 28.1 pts | |
| Cost and size | ||
| Expense ratio | 0.63% | 0.59% |
| Net assets, PBW as of Nov 3, 2026 and VCLN as of Jul 31, 2026 | $296m | $5.5m |
| Holdings | ||
| Holdings in common | 12% | |
What they share
By the books each fund has filed, PBW and VCLN hold 12% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.
half
12% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | PBW | VCLN | PBW | VCLN |
| 3 months | −20.4% | −6.1% | −20.1 pts vs IWV | not measured |
| 6 months | −32.9% | −19.8% | −37.8 pts vs IWV | not measured |
| 1 year | −13.3% | +3.8% | −28.1 pts vs IWV | not measured |
| 3 years | +4.1% | +68.3% | −76.9 pts vs IWV | not measured |
| Since launchNot the same days: PBW Mar 2005 · VCLN Aug 2021 | −52.4% | +8.8% | not measured | not measured |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
12% of the two portfolios are the same securities at the same weight.
Over the year to Nov 4, 2026 the fund returned −13.3% with distributions reinvested against +14.8% for its benchmark, the Russell 3000 Index, so a holder was behind by 28.1 pts.
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 20% of the fund across 73 positions, as published by its issuer for Nov 3, 2026. It sits 77.8% below its all-time high of Feb 9, 2021.
VCLN
By weight, 15% of VCLN's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 49% of the fund across 42 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +3.8% with distributions reinvested. It sits 26.3% below its all-time high of Jun 2, 2026.
Questions people ask
- Do PBW and VCLN hold the same stocks?
- By their latest filings, 12% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
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, PBW against VCLN, data as of Nov 4, 2026. https://etfiq.com/compare/themes/pbw-vs-vcln
ETFIQ. (Nov 4, 2026). PBW against VCLN. Retrieved from https://etfiq.com/compare/themes/pbw-vs-vcln
[PBW against VCLN (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/pbw-vs-vcln)
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