{"url":"https://etfiq.com/themes/energy-transition","section":"themes","title":"Energy transition and decarbonisation ETFs | ETFIQ","description":"ETFIQ covers 9 energy transition and decarbonisation ETFs. The largest are USNZ ($298m) and ETHO ($197m); fees run 0.10% to 0.85%, as of Oct 26, 2026.","as_of":"Oct 27, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"How many energy transition and decarbonisation ETFs are there?","acceptedAnswer":{"@type":"Answer","text":"ETFIQ covers 9 US listed energy transition and decarbonisation ETFs as of Oct 27, 2026. That is every one it can measure from the fund\u2019s own published holdings."}},{"@type":"Question","name":"What is the largest energy transition and decarbonisation ETF?","acceptedAnswer":{"@type":"Answer","text":"USNZ, Xtrackers Net Zero Pathway Paris Aligned US Equity ETF, at $298m in net assets as of Oct 26, 2026, the largest of the 9 energy transition and decarbonisation ETFs with a published size."}},{"@type":"Question","name":"What is the cheapest energy transition and decarbonisation ETF?","acceptedAnswer":{"@type":"Answer","text":"USNZ, Xtrackers Net Zero Pathway Paris Aligned US Equity ETF, at 0.10% a year by its prospectus filed Dec 18, 2025, the lowest fee of the 9 energy transition and decarbonisation ETFs that publish one."}},{"@type":"Question","name":"Which energy transition and decarbonisation ETF has performed best over the past year?","acceptedAnswer":{"@type":"Answer","text":"NBET, Neuberger Energy Transition & Infrastructure ETF, at +35.7% total return over the year to Oct 27, 2026, the highest of the 9 energy transition and decarbonisation ETFs with a full year of trading behind them. Past returns do not predict future ones."}},{"@type":"Question","name":"What do energy transition and decarbonisation ETFs hold?","acceptedAnswer":{"@type":"Answer","text":"Funds that hold the companies taking carbon out of industry: energy efficiency, environmental services and remediation. Between them the 9 energy transition and decarbonisation ETFs ETFIQ can read name 80 companies in their ten largest holdings, by holdings dated May 29, 2026 to Oct 26, 2026, most widely NVIDIA CORP, which is among the ten largest of 2 of them."}},{"@type":"Question","name":"Do energy transition and decarbonisation ETFs hold the same companies?","acceptedAnswer":{"@type":"Answer","text":"It depends which two. Across the 36 pairs of the 9 energy transition and decarbonisation ETFs with a full published book, by holdings dated Jun 30, 2026 to Oct 26, 2026, IQSZ and USNZ hold 46% of their weight in the same companies, PWER and USNZ hold 0%, and the middle pair holds 2%. Two funds sold on one theme are not the same fund."}}]},{"@type":"ItemList","name":"Energy transition and decarbonisation ETFs","numberOfItems":9,"itemListElement":[{"@type":"ListItem","position":1,"name":"USNZ","url":"https://etfiq.com/funds/usnz"},{"@type":"ListItem","position":2,"name":"ETHO","url":"https://etfiq.com/funds/etho"},{"@type":"ListItem","position":3,"name":"IQSZ","url":"https://etfiq.com/funds/iqsz"},{"@type":"ListItem","position":4,"name":"EVX","url":"https://etfiq.com/funds/evx"},{"@type":"ListItem","position":5,"name":"NBET","url":"https://etfiq.com/funds/nbet"},{"@type":"ListItem","position":6,"name":"PCLN","url":"https://etfiq.com/funds/pcln"},{"@type":"ListItem","position":7,"name":"PWER","url":"https://etfiq.com/funds/pwer"},{"@type":"ListItem","position":8,"name":"NVIR","url":"https://etfiq.com/funds/nvir"},{"@type":"ListItem","position":9,"name":"ETEC","url":"https://etfiq.com/funds/etec"}]},{"@type":"ItemList","name":"The 9 largest energy transition and decarbonisation ETFs","itemListOrder":"https://schema.org/ItemListOrderDescending","numberOfItems":9,"itemListElement":[{"@type":"ListItem","position":1,"name":"USNZ","url":"https://etfiq.com/funds/usnz"},{"@type":"ListItem","position":2,"name":"ETHO","url":"https://etfiq.com/funds/etho"},{"@type":"ListItem","position":3,"name":"IQSZ","url":"https://etfiq.com/funds/iqsz"},{"@type":"ListItem","position":4,"name":"EVX","url":"https://etfiq.com/funds/evx"},{"@type":"ListItem","position":5,"name":"NBET","url":"https://etfiq.com/funds/nbet"},{"@type":"ListItem","position":6,"name":"PCLN","url":"https://etfiq.com/funds/pcln"},{"@type":"ListItem","position":7,"name":"PWER","url":"https://etfiq.com/funds/pwer"},{"@type":"ListItem","position":8,"name":"NVIR","url":"https://etfiq.com/funds/nvir"},{"@type":"ListItem","position":9,"name":"ETEC","url":"https://etfiq.com/funds/etec"}]},{"@type":"Dataset","name":"Energy transition and decarbonisation ETFs","description":"ETFIQ covers 9 energy transition and decarbonisation ETFs. The largest are USNZ ($298m) and ETHO ($197m); fees run 0.10% to 0.85%, as of Oct 26, 2026.","url":"https://etfiq.com/themes/energy-transition","dateModified":"2026-10-27","inLanguage":"en","creator":{"@id":"https://etfiq.com/#org"},"publisher":{"@id":"https://etfiq.com/#org"},"license":"https://etfiq.com/license/","isAccessibleForFree":true,"creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/thematic.json"}],"variableMeasured":["Weight overlap with the S&P 500","Active share","Holdings","Top ten share of the fund","Total return","Fee for the differing part","Expense ratio"],"keywords":["exchange-traded funds","ETF","Thematic ETFs","fund data","SEC filings"]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Thematic ETFs","item":"https://etfiq.com/themes/"},{"@type":"ListItem","position":3,"name":"Energy transition and decarbonisation","item":"https://etfiq.com/themes/energy-transition"}]},{"@type":"WebPage","name":"Energy transition and decarbonisation ETFs","description":"ETFIQ covers 9 energy transition and decarbonisation ETFs. The largest are USNZ ($298m) and ETHO ($197m); fees run 0.10% to 0.85%, as of Oct 26, 2026.","url":"https://etfiq.com/themes/energy-transition","dateModified":"2026-10-27","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":9588,"truncated":false,"content":"ETFIQ / Thematic ETFs / Energy transition and decarbonisation \n \n Data as of Oct 27, 2026 .\n Energy transition and decarbonisation ETFs\n See every energy transition and decarbonisation ETF by what it holds, not by its name. Funds that hold the companies taking carbon out of industry: energy efficiency, environmental services and remediation. 9 funds, largest first. Updated Oct 27, 2026. The typical fund carries 42% of its weight in S&P 500 stocks, the 17th most of the 53 themes with holdings on file.\n 9 US listed energy transition and decarbonisation ETFs \n $298m The largest, USNZ \n 0.10% The cheapest, USNZ \n +35.7% Best one year, NBET \n\n The short answers\n Least like the S&P 500 ETEC , iShares Breakthrough Environmental Solutions ETF, 13.7% of its weight in S&P 500 companies. Closest pair IQSZ and USNZ , 46% of their weight in the same companies. What these funds actually own\n Between them the 9 funds' ten largest holdings name 80 companies, of which 10 appear in more than one. NVIDIA CORP is among the ten largest of 2 of them, at an average of 7.3% of the fund.\n Energy transition and decarbonisation ETFs, the companies their ten largest holdings name. Source: each fund's latest SEC filing or its issuer\u2019s own daily holdings file, read by ETFIQ. Company Among the ten largest of Average weight where it is Largest, and in which fund \n NVIDIA CORP NVDA 2 of 9 7.3% 9.7% in USNZ \n APPLE INC AAPL 2 of 9 6.9% 8.7% in USNZ \n MICROSOFT CORP MSFT 2 of 9 5.0% 6.4% in USNZ \n ConocoPhillips 2 of 9 4.1% 4.4% in NBET \n AMAZON.COM INC AMZN 2 of 9 3.3% 4.1% in USNZ \n ALPHABET INC GOOGL 2 of 9 2.9% 4.0% in USNZ \n ALPHABET INC GOOG 2 of 9 2.4% 3.4% in USNZ \n BROADCOM INC AVGO 2 of 9 2.4% 3.4% in USNZ \n META PLATFORMS INC META 2 of 9 1.9% 2.4% in USNZ \n MICRON TECHNOLOGY INC MU 2 of 9 1.5% 1.9% in USNZ \n Targa Resources Corp 1 of 9 9.1% 9.1% in NBET \n Waste Management Inc WM 1 of 9 8.7% 8.7% in EVX \n Ecolab Inc ECL 1 of 9 8.5% 8.5% in EVX \n Energy Transfer LP 1 of 9 7.8% 7.8% in NBET \n Enterprise Products Partners LP 1 of 9 7.7% 7.7% in NBET \n \n The 15 most widely held of 80. 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.\n The 9 largest energy transition and decarbonisation ETFs\n ETFIQ covers 9 energy transition and decarbonisation ETFs. The largest are USNZ ( $298m ), ETHO ( $197m ) and IQSZ ( $168m ); fees run 0.10% to 0.85% , as of Oct 26, 2026 .\n USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF $298m 0.10% \n ETHO Amplify Etho Climate Leadership U.S. ETF $197m 0.45% \n IQSZ Invesco Global Equity Net Zero ETF $168m 0.19% \n EVX VanEck Environmental Services ETF $99m 0.55% \n NBET Neuberger Energy Transition & Infrastructure ETF $47m 0.65% \n PCLN Pictet Cleaner Planet ETF $18m 0.70% \n PWER Nomura Energy Transition ETF $11m 0.79% \n NVIR Horizon Kinetics Energy and Remediation ETF $5.8m 0.85% \n ETEC iShares Breakthrough Environmental Solutions ETF $3.6m 0.47% \n \n Energy transition and decarbonisation ETFs, as of Oct 27, 2026. Source: ETFIQ. Ticker Fund Issuer Net assets In the S&P 500 Active share Total return 1Y vs its benchmark 1Y Fee \n USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF Xtrackers $298m 97.7% 23.1% +12.8% \u22120.8 pts vs VOO 0.10% \n ETHO Amplify Etho Climate Leadership U.S. ETF Amplify $197m 26.2% 90.9% +25.3% not measured 0.45% \n IQSZ Invesco Global Equity Net Zero ETF Invesco $168m 61.6% 49.2% +18.1% +5.0 pts vs ACWI 0.19% \n EVX VanEck Environmental Services ETF VanEck $99m 30.2% 99.7% +2.4% not measured 0.55% \n NBET Neuberger Energy Transition & Infrastructure ETF Neuberger Berman $47m 34.0% 98.7% +35.7% not measured 0.65% \n PCLN Pictet Cleaner Planet ETF Pictet $18m 59.1% 89.5% +15.4% +2.3 pts vs ACWI 0.70% \n PWER Nomura Energy Transition ETF Nomura $11m 42.1% 98.6% +33.9% +20.8 pts vs ACWI 0.79% \n NVIR Horizon Kinetics Energy and Remediation ETF Horizon Kinetics $5.8m 41.7% 98.0% +26.8% not measured 0.85% \n ETEC iShares Breakthrough Environmental Solutions ETF iShares $3.6m 13.7% 97.6% \u221210.8% \u221223.9 pts vs ACWI 0.47% \n \n How much of each pair is the same fund\n The closest pair is IQSZ and USNZ , which hold 46% of their weight in the same companies. The furthest apart is PWER and USNZ at 0%. The middle pair of the 36 is 2%.\n Energy transition and decarbonisation ETFs, the share of each pair\u2019s weight held in the same companies. Read across or down; the number is the same either way. Cells are shaded against the closest pair here, 46%. Source: each fund\u2019s own filed or daily holdings, read by ETFIQ. USNZ ETHO IQSZ EVX NBET PCLN PWER NVIR ETEC \n USNZ \u00b7 11% 46% 0% 0% 9% 0% 0% 2% \n ETHO 11% \u00b7 8% 1% 0% 5% 0% 2% 1% \n IQSZ 46% 8% \u00b7 0% 2% 6% 2% 2% 2% \n EVX 0% 1% 0% \u00b7 0% 9% 0% 4% 6% \n NBET 0% 0% 2% 0% \u00b7 0% 6% 16% 0% \n PCLN 9% 5% 6% 9% 0% \u00b7 1% 4% 4% \n PWER 0% 0% 2% 0% 6% 1% \u00b7 11% 7% \n NVIR 0% 2% 2% 4% 16% 4% 11% \u00b7 1% \n ETEC 2% 1% 2% 6% 0% 4% 7% 1% \u00b7 \n \n 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.\n What each fund holds alone\n Energy transition and decarbonisation ETFs, the largest holding no other fund in the grid holds. Source: ETFIQ. Fund Largest holding it alone has Weight All of its own names \n USNZ ADVANCED MICRO DEVICES INC AMD 1.3% 17.1% \n ETHO MaxLinear Inc MXL 1.1% 70.2% \n IQSZ Taiwan Semiconductor Manufacturing Co Ltd 2.0% 41.6% \n EVX Waste Connections Inc 6.9% 38.2% \n NBET Targa Resources Corp 9.1% 67.9% \n PCLN ASML HOLDING NV /EUR 5.5% 43.4% \n PWER Steel Dynamics, Inc. 6.4% 52.2% \n NVIR Texas Pacific Land Corp TPL 6.2% 55.4% \n ETEC ALLEGRO MICROSYSTEMS INC ALGM 6.0% 51.0% \n \n Questions people ask\n How many energy transition and decarbonisation ETFs are there? ETFIQ covers 9 US listed energy transition and decarbonisation ETFs as of Oct 27, 2026. That is every one it can measure from the fund\u2019s own published holdings. What is the largest energy transition and decarbonisation ETF? USNZ , Xtrackers Net Zero Pathway Paris Aligned US Equity ETF, at $298m in net assets as of Oct 26, 2026, the largest of the 9 energy transition and decarbonisation ETFs with a published size. What is the cheapest energy transition and decarbonisation ETF? USNZ , Xtrackers Net Zero Pathway Paris Aligned US Equity ETF, at 0.10% a year by its prospectus filed Dec 18, 2025, the lowest fee of the 9 energy transition and decarbonisation ETFs that publish one. Which energy transition and decarbonisation ETF has performed best over the past year? NBET , Neuberger Energy Transition & Infrastructure ETF, at +35.7% total return over the year to Oct 27, 2026, the highest of the 9 energy transition and decarbonisation ETFs with a full year of trading behind them. Past returns do not predict future ones. What do energy transition and decarbonisation ETFs hold? Funds that hold the companies taking carbon out of industry: energy efficiency, environmental services and remediation. Between them the 9 energy transition and decarbonisation ETFs ETFIQ can read name 80 companies in their ten largest holdings, by holdings dated May 29, 2026 to Oct 26, 2026, most widely NVIDIA CORP, which is among the ten largest of 2 of them. Do energy transition and decarbonisation ETFs hold the same companies? It depends which two. Across the 36 pairs of the 9 energy transition and decarbonisation ETFs with a full published book, by holdings dated Jun 30, 2026 to Oct 26, 2026, IQSZ and USNZ hold 46% of their weight in the same companies, PWER and USNZ hold 0%, and the middle pair holds 2%. Two funds sold on one theme are not the same fund. What the issuers say about this theme\n The issuers behind these energy transition and decarbonisation funds publish their own work on this theme. These are their pages and words, not ETFIQ\u2019s. A fund company writing about a theme it sells is making a case.\n Issuer material on this theme. Links leave ETFIQ. Source: each issuer\u2019s own site. Issuer What they publish Kind \n Amplify Amplify Insights Their research index \n Invesco Invesco insights Their research index \n VanEck VanEck Insights Their research index \n iShares iShares Portfolio Insights Their research index \n \n Where to next\n The largest energy transition ETFs The cheapest energy transition ETFs The energy transition ETFs least like the S&P 500 The energy transition ETFs that returned most The most concentrated energy transition ETFs Every thematic ETF Compare two funds The vocabulary Sources\n Fund holdings from SEC Form N-PORT and from the issuers\u2019 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 Links are sources, not endorsements.\n ETFIQ is an independent publisher and makes no recommendations. Standards and sources \n Cite this page. ETFIQ, Energy transition and decarbonisation ETFs, data as of Oct 27, 2026. https://etfiq.com/themes/energy-transition Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, Energy transition and decarbonisation ETFs, data as of Oct 27, 2026. https://etfiq.com/themes/energy-transition APA ETFIQ. (Oct 27, 2026). Energy transition and decarbonisation ETFs. Retrieved from https://etfiq.com/themes/energy-transition Markdown [Energy transition and decarbonisation ETFs (ETFIQ, Oct 27, 2026)](https://etfiq.com/themes/energy-transition)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, Energy transition and decarbonisation ETFs, data as of Oct 27, 2026. https://etfiq.com/themes/energy-transition"}