PBDvsICLNETF Comparison
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Invesco Global Clean Energy ETF (PBD) and iShares Global Clean Energy ETF (ICLN) belong to the same industry segment: Alternative Energy. PBD's top 3 sector exposures are Industrials, Utilities and Non-Energy Materials. In contrast, ICLN's top sector exposures are Industrials, Utilities and Technology. PBD is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.38% for ICLN. PBD is up 11.09% year-to-date (YTD) with +$7M in YTD flows. ICLN performs worse with 6.14% YTD performance, and +$263M in YTD flows. Run a side-by-side ETF comparison of PBD and ICLN 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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PBD vs ICLN performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PBD ICLN | +2.43%-1.41% | -19.94%-24.33% | +11.09%+6.14% | +30.48%+23.89% | +9.86%+13.02% | -33.02%-20.43% |
| Flows | PBD ICLN | --$98M | +$1M-$173M | +$7M+$263M | +$78M+$389M | +$20M-$1.01B | -$71M-$1.88B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PBD ICLN | +28.31%+35.80% | +24.34%+28.87% | +24.13%+24.55% | +26.38%+26.56% |
| Max drawdown | PBD ICLN | -24.65%-28.47% | -24.65%-28.47% | -43.89%-32.06% | -68.69%-56.66% |
| Max drawdown duration | PBD ICLN | 90d90d | 90d90d | 775d761d | 1751d1764d |
Trading data
PBD | ICLN | |
Last sale 8/31/2026 at 1:30 PM | $17.68 | $17.30 |
| Previous close 08/31/2026 | $17.96 | $17.48 |
| Consolidated volume 08/31/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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PBD | ICLN | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 8/31/2026 at 1:30 PM
Live
Closed
PBD | ICLN | |
|---|---|---|
| Last price | $17.68 | $17.30 |
| 1D performance | -1.56% | -1.03% |
| AuM | $187.14 M | $2.18 B |
| E/R | 0.75% | 0.38% |
Characteristics
PBD | ICLN | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | iShares |
| Benchmark | WilderHill New Energy Global Innovation Index | S&P Global Clean Energy Transition Index |
| N° of holdings | 110 | 104 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 13, 2007 | June 24, 2008 |
| ESG | Yes | Yes |
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Exposure
Countries
PBD
USA
23.06%
Taiwan
13.93%
China
12.71%
Other
50.3%
ICLN
USA
36.76%
China
22.42%
Other
40.81%
Sectors
PBD
Industrials
52.73%
Utilities
17.28%
Non-Energy Materi.
9.65%
Consumer Cyclical.
8.89%
Technology
7.62%
Other
3.82%
ICLN
Industrials
48.56%
Utilities
41.75%
Technology
7.31%
Other
2.39%
Diversification
PBD
Total weight of top 15 holdings out of 15
18.6%
ICLN
Total weight of top 15 holdings out of 15
59.72%
Top 15 holdings
Data as of July 31, 2026
PBD
Lucid Group, Inc.
1.49%
Voltronic Power Technology Corp.
1.49%
Itron, Inc.
1.48%
NFI Group, Inc.
1.38%
Rivian Automotive, Inc.
1.32%
Sino-American Silicon Products, Inc.
1.24%
Blue Bird Corp.
1.17%
TERNA Rete Elettrica Nazionale SpA
1.16%
Green Plains, Inc.
1.15%
Kingspan Group Plc
1.14%
Hubbell, Inc.
1.13%
Chung-Hsin Electric & Machinery Mfg. Corp.
1.12%
SPIE SA
1.11%
BYD Co., Ltd.
1.11%
Mercury NZ Ltd.
1.11%
ICLN
China Yangtze Power Co., Ltd.
7.92%
First Solar, Inc.
7.85%
Nextpower, Inc.
7.54%
Bloom Energy Corp.
6.96%
Enphase Energy, Inc.
4.56%
Vestas Wind Systems A/S
3.65%
Equatorial SA
3.30%
Plug Power, Inc.
2.70%
EDP SA
2.68%
Chubu Electric Power Co., Inc.
2.46%
SolarEdge Technologies, Inc.
2.35%
Enlight Renewable Energy Ltd.
2.22%
Suzlon Energy Ltd.
2.00%
Clearway Energy, Inc.
1.91%
Ørsted A/S
1.62%
Frequently asked questions about PBD and ICLN
How have the PBD and ICLN ETFs performed in 2026?
As of August 31, 2026, PBD is up 11.09% year-to-date (YTD), while ICLN has returned 6.14%. That puts PBD better performer ahead so far this year.
Which ETF is attracting more investor money: PBD or ICLN?
Year-to-date, the PBD ETF saw +$7M in flows, compared to +$263M for ICLN.
Which ETF is more volatile: PBD or ICLN?
Over the past year, PBD had a volatility of 24.34%, while ICLN experienced 28.87%.
Which ETF is bigger: PBD or ICLN?
As of August 31, 2026, PBD holds $187.14 M in assets under management (AUM), while ICLN manages $2.18 B.
What sectors do the PBD and ICLN ETFs invest in?
PBD leans toward sectors like Industrials, Utilities and Non-Energy Materials. Meanwhile, ICLN focuses on Industrials, Utilities and Technology.
What are the top holdings of the PBD ETF and ICLN ETF?
PBD top holdings include Lucid Group, Inc., Voltronic Power Technology Corp. and Itron, Inc.. ICLN holds in its top three: China Yangtze Power Co., Ltd., First Solar, Inc. and Nextpower, Inc..
Which ETF is more diversified: PBD or ICLN?
PBD holds 110 securities with 18.6% of its assets in the top 15. ICLN has 104 securities and a top 15 weight of 59.72%.
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