Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

SMOG vs VCLN: which is really different?

SMOG and VCLN hold 27% of their weight in the same names, and VCLN returned more over the year.

VanEck Low Carbon Energy ETF and Virtus Duff & Phelps Clean Energy ETF.

18.2%SMOG in the S&P 500
14.1%VCLN in the S&P 500
+11.5%SMOG total return, 1 year
+23.6%VCLN total return, 1 year

ETFIQ Off-Index Score: VCLN scores higher

How much of it is not the index it is sold as an alternative to?

SMOG 46.3VCLN 59.60.1, the lowest in this set91.8, the highest

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

SMOG82% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
18%82%in the S&P 500of its weight outside the S&P 500active share 98% · top ten 60% of the fund · 55 holdings filed Sep 17, 2026 · Nasdaq-100: 8% in18%82%inof its weight outside the S&P 500active share 98% · top ten 60% of the fund
VCLN86% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
14%86%in the S&P 500of its weight outside the S&P 500active share 99% · top ten 49% of the fund · 41 holdings filed Apr 30, 2026 · Nasdaq-100: 2% in14%86%inof its weight outside the S&P 500active share 99% · top ten 49% of the fund

27% of the two portfolios are the same securities at the same weight.

What they hold in common

By the books each fund has filed, SMOG and VCLN hold 27% of their money in the same securities at the same weight.

Positions SMOG and VCLN both hold, largest shared weight first
HoldingSMOGVCLN
Bloom Energy Corp6.10%9.30%
Iberdrola Sa8.25%3.65%
Vestas Wind Systems A/S4.89%3.60%
First Solar Inc2.94%6.48%
Nextera Energy Inc7.03%2.10%
Orsted As1.96%2.43%
Nextpower Inc1.51%7.04%
Edp Renovaveis Sa0.91%1.23%
Ormat Technologies Inc0.91%1.81%
Enphase Energy Inc0.66%3.14%
Xinyi Solar Holdings Ltd0.29%1.64%
China Longyuan Power Group Corp Ltd0.28%1.12%
Only in each
Only in SMOGOnly in VCLN
Tesla Inc 8.17%CHINA YANGTZE POWER CO LTD 5.55%
Enel Spa 6.57%CLEARWAY ENERGY INC 4.10%
Byd Co Ltd 5.64%PLUG POWER INC 3.34%
Samsung Sdi Co Ltd 4.22%EDP SA 3.00%
Axia Energia Sa 3.48%CERES POWER HOLDINGS PLC 2.91%
Rivian Automotive Inc 2.98%PRYSMIAN SPA 2.80%
Kingspan Group Plc 2.96%MAIRE SPA 2.66%
Contemporary Amperex Technology Co Ltd 2.13%FORTUM OYJ 2.40%

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 Apr 30, 2026 and Sep 18, 2026.

Performance, window by window

SMOG and VCLN over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnvs the S&P 500vs the Nasdaq-100
SMOGVCLNSMOGVCLNSMOGVCLN
3 months−7.7%−14.7%−9.9 pts−16.9 pts−5.2 pts−12.2 pts
6 months+3.1%+2.3%−14.9 pts−15.8 pts−21.1 pts−22.0 pts
1 year+11.5%+23.6%−5.0 pts+7.1 pts−10.2 pts+1.9 pts
3 years+29.0%+59.4%−49.4 pts−19.0 pts−69.2 pts−38.8 pts
Since launch+112.2%+14.2%−691.3 pts−72.0 pts−1578.0 pts−88.2 pts
Open the live comparison on ETFIQ
SMOG and VCLN on the same fields, as of Sep 18, 2026. Source: ETFIQ.
SMOG
VanEck Low Carbon Energy ETF
Holds 55 stocks in clean energy, 18% of its weight in S&P 500 companies
VCLN
Virtus Duff & Phelps Clean Energy ETF
Holds 41 stocks in clean energy, 14% of its weight in S&P 500 companies
IssuerVanEckVirtus
ThemeClean energyClean energy
In the S&P 50018.2%14.1%
Active share vs the S&P 50097.8%98.9%
In the Nasdaq-1008.1%1.7%
Holdings5541
Top ten, share of the fund60.1%49.2%
Expense ratio0.64%0.59%
Fee for the differing part0.65%0.60%
Total return, 1 year+11.5%+23.6%
vs the S&P 500−5.0 pts+7.1 pts
vs the Nasdaq-100−10.2 pts+1.9 pts
Below its high−23.9%−22.6%
Net assets$131m$6m

SMOG in plain words

By weight, 18% of SMOG'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 55 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +11.5% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 5.0 pts. It sits 23.9% below its all-time high of Jan 22, 2021.

VCLN in plain words

By weight, 14% 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 41 positions, as filed for Apr 30, 2026. Over the year to Sep 18, 2026 the fund returned +23.6% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 7.1 pts. It sits 22.6% below its all-time high of Jun 2, 2026.

Questions people ask

Do SMOG and VCLN hold the same stocks?
By their latest filings, 27% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, SMOG or VCLN?
SMOG has 18% of its weight in S&P 500 names and VCLN has 14%, so VCLN differs more from the index.
Which is cheaper, SMOG or VCLN?
SMOG charges 0.64% a year and VCLN charges 0.59%, so VCLN 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.

SMOG against VCLN, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, SMOG against VCLN, data as of Sep 18, 2026. https://etfiq.com/compare/themes/smog-vs-vcln Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources