Data as of .
PCLN vs PWER: which is really different?
PCLN and PWER hold 1% of their weight in the same names.
ETFIQ Off-Index Score: PWER 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
1% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, PCLN and PWER hold 1% of their money in the same securities at the same weight.
| Holding | PCLN | PWER |
|---|---|---|
| FIRST SOLAR INC | 1.14% | 4.65% |
| Only in PCLN | Only in PWER |
|---|---|
| APPLIED MATERIALS INC 6.57% | Steel Dynamics, Inc. 6.58% |
| ASML HOLDING NV /EUR/ 5.57% | Hudbay Minerals, Inc. 5.81% |
| TAIWAN SEMICONDUCTOR-SP ADR 4.81% | ERO Copper Corp. 5.14% |
| ECOLAB INC 3.75% | Valero Energy Corp. 5.01% |
| CADENCE DESIGN SYS INC 3.40% | Generac Holdings, Inc. 4.63% |
| INFINEON TECHNOLOGIES AG /EUR/ 3.21% | Arcosa, Inc. 4.61% |
| SCHNEIDER ELEC SA /EUR/ 3.00% | Alcoa Corp. 4.12% |
| MARVELL TECHNOLOGY INC 2.86% | HF Sinclair Corp. 4.11% |
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 Jun 30, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| PCLN | PWER | PCLN | PWER | PCLN | PWER | |
| 3 months | −11.4% | +6.9% | −13.7 pts | +4.6 pts | −8.9 pts | +9.4 pts |
| 6 months | +16.9% | +20.0% | −1.1 pts | +2.0 pts | −7.4 pts | −4.2 pts |
| 1 year | not published | +44.4% | not published | +27.8 pts | not published | +22.6 pts |
| Since launch | +17.4% | +86.2% | +0.8 pts | +12.5 pts | −3.3 pts | −1.8 pts |
| PCLN Pictet Cleaner Planet ETF Holds 66 stocks in energy transition and decarbonisation, 59% of its weight in S&P 500 companies | PWER Nomura Energy Transition ETF Holds 31 stocks in energy transition and decarbonisation, 43% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Pictet | Nomura |
| Theme | Energy transition and decarbonisation | Energy transition and decarbonisation |
| In the S&P 500 | 59.3% | 43.2% |
| Active share vs the S&P 500 | 89.4% | 98.6% |
| In the Nasdaq-100 | 28.8% | 3.6% |
| Holdings | 66 | 31 |
| Top ten, share of the fund | 38.7% | 48.5% |
| Expense ratio | 0.70% | 0.79% |
| Fee for the differing part | 0.78% | 0.80% |
| Total return, 1 year | +17.4% (since launch on Oct 16, 2025) | +44.4% |
| vs the S&P 500 | +0.8 pts | +27.8 pts |
| vs the Nasdaq-100 | −3.3 pts | +22.6 pts |
| Below its high | −12.2% | −3.3% |
| Net assets | $18m | $11m |
PCLN in plain words
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 89%. The top ten holdings are 39% of the fund across 66 positions, as filed for Jun 30, 2026. Since it launched on Oct 16, 2025 the fund returned +17.4% with distributions reinvested against +16.5% for the S&P 500, so a holder was ahead by 0.8 pts. It sits 12.2% below its all-time high of Jun 22, 2026.
PWER in plain words
By weight, 43% of PWER'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 48% of the fund across 31 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned +44.4% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 27.8 pts.
Questions people ask
- Do PCLN and PWER hold the same stocks?
- By their latest filings, 1% 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, PCLN or PWER?
- PCLN has 59% of its weight in S&P 500 names and PWER has 43%, so PWER differs more from the index.
- Which is cheaper, PCLN or PWER?
- PCLN charges 0.70% a year and PWER charges 0.79%, so PCLN 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, PCLN against PWER, data as of Sep 18, 2026. https://etfiq.com/compare/themes/pcln-vs-pwer Free to use with attribution; the underlying files are at Open data.