ICLNvsPBWETF Comparison
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iShares Global Clean Energy ETF (ICLN) and Invesco WilderHill Clean Energy ETF (PBW) belong to the same industry segment: Alternative Energy. ICLN's top 3 sector exposures are Utilities, Industrials and Information Technology. In contrast, PBW's top sector exposures are Industrials, Information Technology and Consumer Discretionary. ICLN is less expensive with a Total Expense Ratio (TER) of 0.39%, versus 0.64% for PBW. ICLN is up 30.61% year-to-date (YTD) with +$646M in YTD flows. PBW performs better with 33.56% YTD performance, and -$218M in YTD flows. Run a side-by-side ETF comparison of ICLN and PBW below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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ICLN vs PBW performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/05/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ICLN PBW | +0.98%+2.94% | +20.22%+29.11% | +30.61%+33.56% | +69.82%+126.22% | +20.52%+14.49% | +2.47%-48.14% |
| Flows | ICLN PBW | +$530M+$103M | +$623M-$21M | +$646M-$218M | +$765M+$19M | -$975M-$99M | -$1.37B-$308M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ICLN PBW | +32.46%+44.58% | +25.75%+41.20% | +23.39%+40.62% | +25.83%+42.97% |
| Max drawdown | ICLN PBW | -9.54%-13.14% | -10.55%-21.15% | -42.62%-68.02% | -56.66%-84.50% |
| Max drawdown duration | ICLN PBW | 3d3d | 77d98d | 924d1025d | 1677d1670d |
Trading data
ICLN | PBW | |
Last sale 6/8/2026 at 1:30 PM | $21.00 | $40.93 |
| Previous close 06/05/2026 | $21.32 | $40.78 |
| Consolidated volume 06/05/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 2026
1-year trailing difference
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ICLN | PBW | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 6/8/2026 at 1:30 PM
Live
Closed
ICLN | PBW | |
|---|---|---|
| Last price | $21.00 | $40.93 |
| 1D performance | -1.50% | +0.37% |
| AuM | $3.12 B | $585.17 M |
| E/R | 0.39% | 0.64% |
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Exposure
Countries
ICLN
USA
43.27%
China
20.36%
Other
36.38%
PBW
USA
85.01%
Canada
9.88%
Other
5.11%
Sectors
ICLN
Utilities
34.36%
Industrials
33.07%
Information Techn.
17.31%
Other
15.26%
PBW
Industrials
31.79%
Information Techn.
16.39%
Consumer Discreti.
9.32%
Materials
8.37%
Other
34.13%
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Diversification
ICLN
Total weight of top 15 holdings out of 15
60.6%
PBW
Total weight of top 15 holdings out of 15
28.76%
Top 15 holdings
Data as of April 30, 2026
ICLN
BLOOM ENERGY CORP
13.73%
US65290E1010
7.28%
FIRST SOLAR
7.15%
YANGTZE POWER
5.89%
VESTAS WIND SYSTEMS
3.35%
PLUG POWER
3.28%
ENPHASE ENERGY
3.24%
EQUATORIAL ENERGIA
2.87%
SUZLON ENERGY
2.36%
ENERGIAS DE PORTUGAL
2.33%
CHUBU ELECTRIC POWER
2.01%
SOLAREDGE TECH/D
1.93%
CLEARWAY ENERGY INC
1.88%
ORSTED
1.84%
ENLIGHT RENEWABLE ENERGY
1.47%
PBW
SIGMA LITHIUM CORPORATION
2.54%
NAVITAS SEMICONDUCTOR CORP
2.53%
BLOOM ENERGY CORP
2.06%
US35952H7008
2.02%
CH1403212751
2.02%
AMERICAN SUPERCONDUCTOR
1.98%
IM00BLCY1J27
1.89%
MONOLITHIC POWER SYSTEMS
1.87%
POWELL INDUSTRIES
1.78%
US46211L1017
1.76%
CA53681J1030
1.69%
US91733P1075
1.68%
PLUG POWER
1.65%
EOS ENERGY ENTERPRISES INC ORD SHA
1.65%
ENOVIX CORPORATION
1.65%
Frequently asked questions about ICLN and PBW
How have the ICLN and PBW ETFs performed in 2026?
As of June 5, 2026, ICLN is up 30.61% year-to-date (YTD), while PBW has returned 33.56%. That puts PBW better performer ahead so far this year.
Which ETF is attracting more investor money: ICLN or PBW?
Year-to-date, the ICLN ETF saw +$646M in flows, compared to -$218M for PBW.
Which ETF is more volatile: ICLN or PBW?
Over the past year, ICLN had a volatility of 25.75%, while PBW experienced 41.2%.
Which ETF is bigger: ICLN or PBW?
As of June 5, 2026, ICLN holds $3.12 B in assets under management (AUM), while PBW manages $585.17 M.
What sectors do the ICLN and PBW ETFs invest in?
ICLN leans toward sectors like Utilities, Industrials and Information Technology. Meanwhile, PBW focuses on Industrials, Information Technology and Consumer Discretionary.
What are the top holdings of the ICLN ETF and PBW ETF?
ICLN top holdings include BLOOM ENERGY CORP, US65290E1010 and FIRST SOLAR. PBW holds in its top three: SIGMA LITHIUM CORPORATION, NAVITAS SEMICONDUCTOR CORP and BLOOM ENERGY CORP.
Which ETF is more diversified: ICLN or PBW?
ICLN holds 105 securities with 60.6% of its assets in the top 15. PBW has 68 securities and a top 15 weight of 28.76%.
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