PBWvsACESETF Comparison
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Invesco WilderHill Clean Energy ETF (PBW) and ALPS Clean Energy ETF (ACES) belong to the same industry segment: Alternative Energy. PBW's top 3 sector exposures are Industrials, Non-Energy Materials and Technology. In contrast, ACES's top sector exposures are Industrials, Utilities and Consumer Cyclicals. PBW is more expensive with a Total Expense Ratio (TER) of 0.63%, versus 0.55% for ACES. PBW is down -18.46% year-to-date (YTD) with -$324M in YTD flows. ACES performs worse with -20.81% YTD performance, and +$8M in YTD flows. Run a side-by-side ETF comparison of PBW and ACES 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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PBW vs ACES performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PBW ACES | -19.32%-10.78% | -25.46%-18.60% | -18.46%-20.81% | -22.53%-25.54% | -0.07%-13.67% | -66.91%-63.84% |
| Flows | PBW ACES | -$3M-$3M | -$33M-$2M | -$324M+$8M | -$217M+$9M | -$136M-$205M | -$401M-$359M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PBW ACES | +37.23%+28.67% | +42.12%+33.68% | +41.22%+34.40% | +43.37%+36.63% |
| Max drawdown | PBW ACES | -29.34%-21.54% | -46.97%-40.25% | -54.99%-44.10% | -84.50%-74.39% |
| Max drawdown duration | PBW ACES | 68d73d | 143d143d | 644d658d | 1810d1817d |
Trading data
PBW | ACES | |
Last sale 10/23/2026 at 1:30 PM | $24.56 | $25.66 |
| Previous close 10/22/2026 | $24.54 | $25.68 |
| Consolidated volume 10/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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PBW | ACES | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
PBW | ACES | |
|---|---|---|
| Last price | $24.56 | $25.66 |
| 1D performance | +0.08% | -0.08% |
| AuM | $283.99 M | $89.78 M |
| E/R | 0.63% | 0.55% |
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Exposure
Countries
PBW
USA
76.66%
Other
23.34%
ACES
USA
87.44%
Other
12.56%
Sectors
PBW
Industrials
42.5%
Non-Energy Materi.
25.6%
Technology
11.01%
Consumer Cyclical.
10.61%
Other
10.28%
ACES
Industrials
32.84%
Utilities
25.77%
Consumer Cyclical.
14.05%
Non-Energy Materi.
9.85%
Other
17.5%
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Diversification
PBW
Total weight of top 15 holdings out of 15
30.12%
ACES
Total weight of top 15 holdings out of 15
75.63%
Top 15 holdings
Data as of August 31, 2026
PBW
BETA Technologies, Inc.
2.54%
OPAL Fuels, Inc.
2.18%
Itron, Inc.
2.16%
Gevo, Inc.
2.15%
Cadeler A/S
2.15%
Darling Ingredients, Inc.
2.10%
Gentherm, Inc.
2.08%
Archer Aviation, Inc.
1.99%
Rivian Automotive, Inc.
1.97%
Lifezone Metals Ltd.
1.88%
Preformed Line Products Co.
1.86%
Sociedad Quimica y Minera de Chile SA
1.85%
MP Materials Corp.
1.78%
Sigma Lithium Corp.
1.72%
REX American Resources Corp.
1.70%
ACES
HA Sustainable Infrastructure Capital, Inc.
6.69%
Rivian Automotive, Inc.
6.43%
Tesla, Inc.
6.16%
Itron, Inc.
6.08%
Brookfield Renewable Partners LP
5.69%
Albemarle Corp.
5.68%
Northland Power, Inc.
5.62%
Clearway Energy, Inc.
5.23%
Ormat Technologies, Inc.
4.77%
First Solar, Inc.
4.74%
Plug Power, Inc.
4.31%
Enphase Energy, Inc.
4.25%
Nextpower, Inc.
4.08%
The Andersons, Inc.
3.05%
Sunrun, Inc.
2.85%
Frequently asked questions about PBW and ACES
How have the PBW and ACES ETFs performed in 2026?
As of October 23, 2026, PBW is down -18.46% year-to-date (YTD), while ACES has lost -20.81%. That puts PBW better performer ahead so far this year.
Which ETF is attracting more investor money: PBW or ACES?
Year-to-date, the PBW ETF saw -$324M in flows, compared to +$8M for ACES.
Which ETF is more volatile: PBW or ACES?
Over the past year, PBW had a volatility of 42.12%, while ACES experienced 33.68%.
Which ETF is bigger: PBW or ACES?
As of October 23, 2026, PBW holds $283.99 M in assets under management (AUM), while ACES manages $89.78 M.
What sectors do the PBW and ACES ETFs invest in?
PBW leans toward sectors like Industrials, Non-Energy Materials and Technology. Meanwhile, ACES focuses on Industrials, Utilities and Consumer Cyclicals.
What are the top holdings of the PBW ETF and ACES ETF?
PBW top holdings include BETA Technologies, Inc., OPAL Fuels, Inc. and Itron, Inc.. ACES holds in its top three: HA Sustainable Infrastructure Capital, Inc., Rivian Automotive, Inc. and Tesla, Inc..
Which ETF is more diversified: PBW or ACES?
PBW holds 71 securities with 30.12% of its assets in the top 15. ACES has 37 securities and a top 15 weight of 75.63%.
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Latest news about PBW & ACES
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Energy Sector Plunges for the Third Week in a Row
November 13, 2023
PBW
ACES
Rising Interest Rates Cast Shadows Over US Alternative Energy ETFs
August 21, 2023
PBW
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