How much of UPGR is already in the S&P 500?

By its holdings filed for May 29, 2026, 23% of UPGR by weight is stocks the S&P 500 already holds. Its active share against the index is 97%, so that share is the part doing something different.

45 positions as filed for May 29, 2026, with the top ten at 34% of the fund. The largest are FUELCELL ENERGY INC at 6.2%, PURECYCLE TECHNOLOGIES INC at 4.3%, SHOALS TECHNOLOGIES GROUP INC at 3.4%.

The prospectus expense ratio is 0.35% a year. Because 97% of the fund differs from the S&P 500, the fee on that differing part works out at 0.36%.

Data as of Sep 4, 2026. 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.

UPGR · Xtrackers US Green Infrastructure Select Equity ETF

Name: ETFIQ themes desk record for UPGR
Creator: ETFIQ
License: https://etfiq.com/standards/

Xtrackers · Themes desk

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By weight, 23% of UPGR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 97%. The top ten holdings are 34% of the fund across 45 positions, as filed for May 29, 2026. Over the year to Sep 4, 2026 the fund returned +14.6% with distributions reinvested against +20.0% for the S&P 500, so a holder was behind by 5.4 pts. It sits 21.9% below its all-time high of Jun 2, 2026.

UPGR (Xtrackers US Green Infrastructure Select Equity ETF), themes desk fields as of Sep 4, 2026. Source: ETFIQ.
Theme (ETFIQ, editorial)	Infrastructure
Launched	Jul 13, 2023
Already in the S&P 500, by weight (ETFIQ)	22.9%
Active share vs the S&P 500 (ETFIQ)	97.4%
Already in the Nasdaq-100, by weight (ETFIQ)	2.4%
Active share vs the Nasdaq-100 (ETFIQ)	97.6%
Top ten holdings weight	33.8%
Holdings	45
Net assets (latest filing)	$7M
Holdings as of (SEC N-PORT)	May 29, 2026
Top holdings	FUELCELL ENERGY INC 6.2%, PURECYCLE TECHNOLOGIES INC 4.3%, SHOALS TECHNOLOGIES GROUP INC 3.4%, BLOOM ENERGY CORP 3.4%, FIRST SOLAR INC 2.9%, ENERGY VAULT HOLDINGS INC 2.9%, QUANTUMSCAPE CORP 2.7%, PLUG POWER INC 2.7%, EOS ENERGY ENTERPRISES INC 2.7%, FLUENCE ENERGY INC 2.6%
3 months: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ)	−14.4% / +4.7% / −19.1 pts / −16.5 pts
6 months: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ)	−1.4% / +15.2% / −16.6 pts / −21.6 pts
1 year: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ)	+14.6% / +20.0% / −5.4 pts / −11.0 pts
3 years: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ)	+6.5% / +78.0% / −71.5 pts / −87.0 pts
since launch: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ)	−4.4% / +77.8% / −82.2 pts / −97.3 pts
Below its all-time high (ETFIQ)	−21.9%
Expense ratio (prospectus XBRL)	0.35%
Fee for the part that differs from the S&P 500, active expense ratio (ETFIQ)	0.36%
Closest funds by holdings overlap	CNRG 35%, ACES 32%, PBW 27%, QCLN 24%, FRNW 20%

Questions people ask

How much of UPGR is already in the S&P 500?: By its holdings filed for May 29, 2026, 23% of UPGR by weight is stocks the S&P 500 already holds. Its active share against the index is 97%, so that share is the part doing something different.
What does UPGR hold?: 45 positions as filed for May 29, 2026, with the top ten at 34% of the fund. The largest are FUELCELL ENERGY INC at 6.2%, PURECYCLE TECHNOLOGIES INC at 4.3%, SHOALS TECHNOLOGIES GROUP INC at 3.4%.
Has UPGR beaten the S&P 500?: Over the year to Sep 4, 2026 UPGR returned +14.6% with distributions reinvested, against +20.0% for the S&P 500, so it finished behind the index by 5.4 points.
What does UPGR cost?: The prospectus expense ratio is 0.35% a year. Because 97% of the fund differs from the S&P 500, the fee on that differing part works out at 0.36%.

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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Cite this page. ETFIQ, UPGR on the themes desk, data as of Sep 4, 2026. https://etfiq.com/funds/UPGR.html Free to use with attribution; the underlying files are at Open data.

ETFIQ is an independent publisher of exchange-traded fund data. It is not a fund issuer, broker-dealer or investment adviser, and it makes no recommendations; sort orders and figures are stated arithmetic on published data. Standards · How to read this desk