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ICLN · iShares Global Clean Energy ETF

ICLN holds 122 stocks. 100% of it is not in the S&P 500, and its top ten are 52% of the fund.

iShares · Themes desk · data as of

7.2%Already in the S&P 500
100.0%Active share vs the S&P 500
51.8%Top ten holdings
+25.3%Total return, 1 year

Its ten largest positions

ICLN top ten, 51.8% of the fund, from the holdings filed for Apr 30, 2026. Source: the fund’s SEC filing.
HoldingTickerWeight
BLOOM ENERGY CORPORATION13.79%
NEXTPOWER INC.7.31%
FIRST SOLAR, INC.7.18%
China Yangtze Power Co., Ltd.5.91%
VESTAS WIND SYSTEMS A/S3.38%
PLUG POWER INC.3.29%
ENPHASE ENERGY, INC.3.26%
EQUATORIAL S.A.2.90%
SUZLON ENERGY LIMITED2.39%
EDP, S.A.2.34%

Period by period

ICLN over each window to Sep 4, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.
WindowTotal returnS&P 500Gap to S&P 500Gap to Nasdaq-100
3 months−16.4%+4.7%−21.1 pts−18.5 pts
6 months+2.2%+15.2%−12.9 pts−17.9 pts
1 year+25.3%+20.0%+5.3 pts−0.3 pts
3 years+17.5%+78.0%−60.4 pts−75.9 pts
Since launch+10.6%+811.4%−800.8 pts−1673.5 pts

In plain words

The top ten holdings are 52% of the fund across 122 positions, as filed for Apr 30, 2026. Over the year to Sep 4, 2026 the fund returned +25.3% with distributions reinvested against +20.0% for the S&P 500, so a holder was ahead by 5.3 pts. It sits 42.8% below its all-time high of Jan 7, 2021.

ICLN (iShares Global Clean Energy ETF), themes desk fields as of Sep 4, 2026. Source: ETFIQ.
Theme (ETFIQ, editorial)Clean energy
LaunchedJan 4, 2010
Already in the S&P 500, by weight (ETFIQ)7.2%
Active share vs the S&P 500 (ETFIQ)100.0%
Already in the Nasdaq-100, by weight (ETFIQ)0.0%
Active share vs the Nasdaq-100 (ETFIQ)100.0%
Top ten holdings weight51.8%
Holdings122
Holdings as of (SEC N-PORT)Apr 30, 2026
Top holdingsBLOOM ENERGY CORPORATION 13.8%, NEXTPOWER INC. 7.3%, FIRST SOLAR, INC. 7.2%, China Yangtze Power Co., Ltd. 5.9%, VESTAS WIND SYSTEMS A/S 3.4%, PLUG POWER INC. 3.3%, ENPHASE ENERGY, INC. 3.3%, EQUATORIAL S.A. 2.9%, SUZLON ENERGY LIMITED 2.4%, EDP, S.A. 2.3%
Net assets (SEC filing, whole fund, as filed for Apr 30, 2026)$2.5bn
Below its all-time high (ETFIQ)−42.8%
Expense ratio (prospectus XBRL)0.38%
Fee for the part that differs from the S&P 500, active expense ratio (ETFIQ)0.38%
Closest funds by holdings overlapVCLN 52%, FRNW 40%, TAN 29%, SMOG 25%, QCLN 25%

Holdings from the fund’s latest public SEC N-PORT filing; overlap and active share computed by ETFIQ against the IVV and QQQM books; returns from Tiingo end-of-day prices with distributions reinvested. How this desk computes every figure

Questions people ask

How much of ICLN is already in the S&P 500?
By its holdings filed for Apr 30, 2026, 7% of ICLN by weight is stocks the S&P 500 already holds. Its active share against the index is 100%, so that share is the part doing something different.
What does ICLN hold?
122 positions as filed for Apr 30, 2026, with the top ten at 52% of the fund. The largest are BLOOM ENERGY CORPORATION at 13.8%, NEXTPOWER INC. at 7.3%, FIRST SOLAR, INC. at 7.2%.
Has ICLN beaten the S&P 500?
Over the year to Sep 4, 2026 ICLN returned +25.3% with distributions reinvested, against +20.0% for the S&P 500, so it finished ahead of the index by 5.3 points.
What does ICLN cost?
The prospectus expense ratio is 0.38% a year. Because 100% of the fund differs from the S&P 500, the fee on that differing part works out at 0.38%.

The words on this page

Active share
The part of the fund doing something the index is not, as a percentage. It is the part a fee is actually buying.
Weight overlap
The share of money two portfolios hold in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice.
Already in the index
The fund’s weight in securities the S&P 500 holds at all. A fund can be made entirely of index names and still have high active share, because it holds them at very different weights.
Top ten
What the ten largest positions add up to. The higher it is, the more the fund is a bet on a few companies rather than a theme.

Every term this desk uses, defined in full on the themes desk vocabulary page.

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.

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ICLN difference bar, ETFIQ

<a href="https://etfiq.com/funds/ICLN.html"><img src="https://etfiq.com/embed/themes/ICLN.svg" alt="ICLN difference bar, ETFIQ" width="640"></a>
<p><a href="https://etfiq.com/funds/ICLN.html">ICLN difference bar, updated daily by ETFIQ</a></p>
ICLN on the themes desk, ETFIQ, data as of Sep 4, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. ETFIQ is an independent publisher, is not a fund issuer, broker-dealer or investment adviser, and makes no recommendations.
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Cite this page. ETFIQ, ICLN on the themes desk, data as of Sep 4, 2026. https://etfiq.com/funds/ICLN.html Free to use with attribution; the underlying files are at Open data.

How this desk computes every figure · Standards and sources