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Theme · 16 funds

Clean energy ETFs: what each one holds

See every clean energy ETF by what it holds, not by its name. Funds that hold solar, wind, hydrogen and fuel cell companies, and the utilities and equipment makers behind them. 16 funds, largest first. Updated Oct 21, 2026. The typical fund carries 9% of its weight in S&P 500 names, the 47th most of the 53 themes with filed books.

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The short answers

How many there are16US listed clean energy ETFs, as of Oct 21, 2026.
The largestICLNiShares Global Clean Energy ETF, $2.1bn.
The cheapestCCSOCarbon Collective Climate Solutions U.S. Equity ETF, 0.35% a year.
Best one year total returnFANFirst Trust Global Wind Energy ETF, +12.6%.
Least like the S&P 500KGRNKraneShares MSCI China Clean Technology Index ETF, 0.0% of its weight in S&P 500 companies.
Closest pairACES and QCLN37% of their weight in the same companies.

What these funds actually own

Between them the 16 funds' ten largest holdings name 134 companies, of which 15 appear in more than one. BLOOM ENERGY CLASS A is among the ten largest of 5 of them, at an average of 6.3% of the fund.

CompanyIn the top ten ofAvg weightLargest, and where
BLOOM ENERGY CLASS A BE 5 of 16 6.3% 9.5% in QCLN
FIRST SOLAR FSLR 5 of 16 6.2% 9.4% in TAN
NEXTPOWER INC NXT 5 of 16 6.1% 10.7% in TAN
Tesla, Inc. TSLA 3 of 16 6.4% 9.0% in QCLN
ENPHASE ENERGY ENPH 3 of 16 4.9% 7.3% in TAN
BLOOM ENERGY CORPORATION 2 of 16 11.9% 15.5% in HYDR
PLUG POWER INC. 2 of 16 7.2% 10.8% in HYDR
Enlight Renewable Energy Ltd ENLT 2 of 16 6.0% 8.5% in TAN
NEXTERA ENERGY INC NEE 2 of 16 5.3% 7.1% in SMOG
IBERDROLA IBE 2 of 16 5.2% 6.4% in ICLN
ENLIGHT RENEWABLE ENERGY LTD 2 of 16 4.4% 5.7% in RNRG
GE VERNOVA INC GEV 2 of 16 4.3% 4.7% in CCSO
Clearway Energy Inc CWEN 2 of 16 3.9% 4.1% in TAN
VESTAS WIND SYSTEMS VWS 2 of 16 3.3% 3.6% in VCLN
ORMAT TECH INC ORA 2 of 16 2.3% 2.8% in ICLN

Clean energy ETFs, the companies their ten largest holdings name. Source: each fund's latest SEC filing or its issuer’s own daily holdings file, read by ETFIQ.

How this is counted

The 15 most widely held of 134. Each row counts the ten largest holdings of each fund, so a fund missing from a row may still hold that company lower down. Weights are of the funds that name it, not of the theme.

How much of each fund is the S&P 500
ICLN
8.1%
TAN
9.4%
QCLN
33.6%
PBW
8.0%
FAN
6.4%
CNRG
26.6%
ACES
14.6%
SMOG
18.4%
PBD
1.8%
FRNW
9.7%
HYDR
2.8%
CCSO
47.4%
KGRN
0.0%
CTEC
7.1%
RNRG
0.0%
VCLN
15.4%

Share of each fund's weight in S&P 500 companies. Above half, the fund is mostly the S&P 500.

One year total return, the 16 with a full year
ICLN
+2.0% not measured
TAN
−9.1% −25.1 pts vs ACWI
QCLN
−0.1% −15.9 pts vs IWV
PBW
−20.9% −36.6 pts vs IWV
FAN
+12.6% −3.2 pts vs IWV
CNRG
−15.9% −32.4 pts vs VOO
ACES
−24.7% not measured
SMOG
+2.7% −13.3 pts vs ACWI
PBD
−1.6% −15.4 pts vs EFA
FRNW
−0.5% not measured
HYDR
−2.9% not measured
CCSO
−2.7% −19.2 pts vs VOO
KGRN
−29.0% not measured
CTEC
−4.7% not measured
RNRG
−3.1% −19.1 pts vs ACWI
VCLN
+4.0% not measured

White marker is the S&P 500 over the same days, +16.4%, for reference. Last column is the gap to the fund's own benchmark, in points.

The 10 largest clean energy ETFs

ETFIQ covers 16 clean energy ETFs. The largest are ICLN ($2.1bn), TAN ($874m) and QCLN ($487m); fees run 0.35% to 0.79%, as of .

  1. 1ICLN$2.1bn0.38%iShares Global Clean Energy ETF
  2. 2TAN$874m0.70%Invesco Solar ETF
  3. 3QCLN$487m0.59%First Trust Nasdaq Clean Edge Green Energy Index Fund
  4. 4PBW$291m0.63%Invesco WilderHill Clean Energy ETF
  5. 5FAN$189m0.60%First Trust Global Wind Energy ETF
  6. 6CNRG$162m0.45%State Street SPDR S&P Kensho Clean Power ETF
  7. 7ACES$145m0.55%ALPS Clean Energy ETF
  8. 8SMOG$127m0.64%VanEck Low Carbon Energy ETF
  9. 9PBD$107m0.75%Invesco Global Clean Energy ETF
  10. 10FRNW$91m0.39%Fidelity Clean Energy ETF

Every clean energy ETF, largest first

Click a column to sort
Net assets

Points (pts) are percentage points.

Clean energy ETFs: what each one holds
TickerFundIssuerNet assets ↓In the S&P 500Active shareTotal return 1Yvs its benchmark 1YFee
ICLNiShares Global Clean Energy ETF →iShares$2.1bn8.1%100.0%+2.0%not measured0.38%
TANInvesco Solar ETF →Invesco$874m9.4%100.0%−9.1%−25.1 pts vs ACWI0.70%
QCLNFirst Trust Nasdaq Clean Edge Green Energy Index Fund →First Trust$487m33.6%97.9%−0.1%−15.9 pts vs IWV0.59%
PBWInvesco WilderHill Clean Energy ETF →Invesco$291m8.0%98.0%−20.9%−36.6 pts vs IWV0.63%
FANFirst Trust Global Wind Energy ETF →First Trust$189m6.4%99.2%+12.6%−3.2 pts vs IWV0.60%
CNRGState Street SPDR S&P Kensho Clean Power ETF →State Street$162m26.6%96.9%−15.9%−32.4 pts vs VOO0.45%
ACESALPS Clean Energy ETF →ALPS$145m14.6%98.1%−24.7%not measured0.55%
SMOGVanEck Low Carbon Energy ETF →VanEck$127m18.4%97.8%+2.7%−13.3 pts vs ACWI0.64%
PBDInvesco Global Clean Energy ETF →Invesco$107m1.8%99.9%−1.6%−15.4 pts vs EFA0.75%
FRNWFidelity Clean Energy ETF →Fidelity$91m9.7%99.5%−0.5%not measured0.39%
HYDRGlobal X Hydrogen ETF →Global X$89m2.8%99.7%−2.9%not measured0.50%
CCSOCarbon Collective Climate Solutions U.S. Equity ETF →Carbon Collective$46m47.4%98.7%−2.7%−19.2 pts vs VOO0.35%
KGRNKraneShares MSCI China Clean Technology Index ETF →KraneShares$43m0.0%100.0%−29.0%not measured0.79%
CTECGlobal X ClimateTech ETF →Global X$23m7.1%100.0%−4.7%not measured0.50%
RNRGGlobal X Renewable Energy Producers ETF →Global X$23m0.0%100.0%−3.1%−19.1 pts vs ACWI0.65%
VCLNVirtus Duff & Phelps Clean Energy ETF →Virtus$5m15.4%98.9%+4.0%not measured0.59%
Clean energy ETFs: what each one holds, as of Oct 21, 2026. Source: ETFIQ.ICLN →TAN →QCLN →PBW →FAN →CNRG →ACES →SMOG →PBD →FRNW →HYDR →CCSO →KGRN →CTEC →RNRG →VCLN →

How much of each pair is the same fund

The closest pair is ACES and QCLN, which hold 37% of their weight in the same companies. The furthest apart is FAN and PBW at 2%. The middle pair of the 45 is 21%. The grid is the 10 largest of 16 funds.

ICLNTANQCLNPBWFANCNRGACESSMOGPBDFRNWICLN
30%
24%
15%
10%
21%
21%
25%
17%
28%
TAN
30%
19%
15%
4%
26%
36%
7%
18%
32%
QCLN
24%
19%
30%
4%
24%
37%
25%
13%
25%
PBW
15%
15%
30%
2%
30%
31%
14%
18%
23%
FAN
10%
4%
4%
2%
9%
4%
18%
10%
26%
CNRG
21%
26%
24%
30%
9%
30%
18%
11%
33%
ACES
21%
36%
37%
31%
4%
30%
14%
11%
28%
SMOG
25%
7%
25%
14%
18%
18%
14%
21%
19%
PBD
17%
18%
13%
18%
10%
11%
11%
21%
29%
FRNW
28%
32%
25%
23%
26%
33%
28%
19%
29%

Clean energy ETFs, the share of each pair’s weight held in the same companies. Read across or down; the figure is the same either way. Cells are shaded against the closest pair here, 37%. Source: each fund’s own filed or daily holdings, read by ETFIQ.

How to read the grid

Weight overlap adds the smaller of the two weights for every company both funds hold. Funds with a cut-short book are left out, not compared short.

What each fund holds alone

The largest holding no other fund in the grid holds, and how much of the fund is in names none of the others own.

FundLargest holding it alone hasWeightAll its own names
ICLN CHINA YANGTZE POWER LTD A 5.5%
35.7%
TAN GCL Technology Holdings Ltd 4.2%
8.7%
QCLN ON Semiconductor Corporation ON 9.0%
19.0%
PBW ESCO Technologies Inc ESE 1.7%
33.0%
FAN Goldwind Science & Technology Co., Ltd. (Class H) 2208.HK 2.9%
29.4%
CNRG CONSTELLATION ENERGY CEG 4.1%
28.3%
ACES Andersons Inc 2.5%
3.3%
SMOG Owens Corning OC 1.4%
10.2%
PBD Lotte Energy Materials Corp 1.9%
43.6%
FRNW EDP S.A. 3.7%
12.5%

Clean energy ETFs, the largest holding no other fund in the grid holds. Source: ETFIQ.

Questions people ask

How many clean energy ETFs are there?
ETFIQ covers 16 US listed clean energy ETFs as of Oct 21, 2026. That is every one it can measure from the fund’s own published holdings.
What is the largest clean energy ETF?
ICLN, iShares Global Clean Energy ETF, at $2.1bn in net assets as of Oct 20, 2026, the largest of the 16 clean energy ETFs with a published size.
What is the cheapest clean energy ETF?
CCSO, Carbon Collective Climate Solutions U.S. Equity ETF, at 0.35% a year by its prospectus filed Nov 25, 2025, the lowest fee of the 16 clean energy ETFs that publish one.
Which clean energy ETF has performed best over the past year?
FAN, First Trust Global Wind Energy ETF, at +12.6% total return over the year to Oct 21, 2026, the highest of the 16 clean energy ETFs with a full year of trading behind them. Past returns do not predict future ones.
What do clean energy ETFs hold?
Funds that hold solar, wind, hydrogen and fuel cell companies, and the utilities and equipment makers behind them. Between them the 16 clean energy ETFs ETFIQ can read name 134 companies in their ten largest holdings, by holdings dated May 31, 2026 to Oct 21, 2026, most widely BLOOM ENERGY CLASS A, which is among the ten largest of 5 of them.
Do clean energy ETFs hold the same companies?
It depends which two. Across the 45 pairs of the 10 clean energy ETFs with a full published book, by holdings dated May 31, 2026 to Oct 20, 2026, ACES and QCLN hold 37% of their weight in the same companies, FAN and PBW hold 2%, and the middle pair holds 21%. Two funds sold on one theme are not the same fund.

What the issuers say about this theme

About these links

The issuers behind these clean energy funds publish their own work on this theme. These are their pages and words, not ETFIQ’s. A fund company writing about a theme it sells is making a case.

iSharesiShares Portfolio Insights ↗Their research index
InvescoInvesco insights ↗Their research index
First TrustFirst Trust Investment Insights ↗Their research index
VanEckVanEck Insights ↗Their research index
Global XGlobal X Insights, including The Next Big Theme ↗Their research index
KraneSharesKraneShares research insights ↗Their research index

Issuer material on this theme. Links leave ETFIQ. Source: each issuer’s own site.

Where to next
The largest clean energy ETFs→The cheapest clean energy ETFs→The clean energy ETFs least like the S&P 500→The clean energy ETFs that returned most→The most concentrated clean energy ETFs→Every thematic ETF415 →Compare two funds→The vocabulary→
Where these figures came from
Fund holdings from SEC Form N-PORT and from the issuers own daily files ↗SEC EDGAR, full-text search of fund filings ↗SEC Form N-PORT, what a fund filed it holds ↗Rule 19a-1, what a distribution notice must say ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. Standards and sources →

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Clean energy ETFs, one-year total return to Oct 21, 2026: FAN +12.6%, ICLN +2.0%, FRNW −0.5%, CCSO −2.7%, HYDR −2.9%, CTEC −4.7%, CNRG −15.9%, ACES −24.7%.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/themes/clean-energy"><img src="https://etfiq.com/assistant/api/embed/theme/clean-energy.svg" alt="Clean energy ETFs, one-year total return to Oct 21, 2026: FAN +12.6%, ICLN +2.0%, FRNW −0.5%, CCSO −2.7%, HYDR −2.9%, CTEC −4.7%, CNRG −15.9%, ACES −24.7%." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">Clean energy ETFs, one-year total return to Oct 21, 2026: FAN +12.6%, ICLN +2.0%, FRNW −0.5%, CCSO −2.7%, HYDR −2.9%, CTEC −4.7%, CNRG −15.9%, ACES −24.7%. Data: <a href="https://etfiq.com/themes/clean-energy">ETFIQ</a></figcaption>
</figure>

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ETFIQ, Clean energy ETFs: what each one holds, data as of Oct 21, 2026. https://etfiq.com/themes/clean-energy

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