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SMOGvsPBWETF Comparison

ETF 1

SMOG

VanEck Low Carbon Energy ETF

This fund is part of

Alternative Energy

-1.19%

Full SMOG fund page

VS

ETF 2

PBW

Invesco WilderHill Clean Energy ETF

This fund is part of

Alternative Energy

-1.19%

Full PBW fund page

VanEck Low Carbon Energy ETF (SMOG) and Invesco WilderHill Clean Energy ETF (PBW) belong to the same industry segment: Alternative Energy. SMOG's top 3 sector exposures are Utilities, Industrials and Consumer Cyclicals. In contrast, PBW's top sector exposures are Industrials, Non-Energy Materials and Consumer Cyclicals. SMOG is more expensive with a Total Expense Ratio (TER) of 0.64%, versus 0.63% for PBW. SMOG is up 5.31% year-to-date (YTD) with -$3M in YTD flows. PBW performs worse with 0.88% YTD performance, and -$321M in YTD flows. Run a side-by-side ETF comparison of SMOG 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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SMOG vs PBW performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/18/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	SMOG PBW	-1.30%-8.22%	-7.84%-25.73%	+5.31%+0.88%	+11.53%+11.09%	+27.24%-4.81%	-3.77%-55.19%
Flows	SMOG PBW	--$16M	-$4M-$77M	-$3M-$321M	-$10M-$130M	-$66M-$130M	-$103M-$478M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	SMOG PBW	+22.31%+40.64%	+21.83%+43.68%	+21.68%+41.47%	+24.59%+43.36%
Max drawdown	SMOG PBW	-12.72%-27.66%	-16.90%-36.09%	-19.34%-58.94%	-47.31%-84.50%
Max drawdown duration	SMOG PBW	88d89d	130d108d	226d746d	1782d1775d

Trading data

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	SMOG	PBW
Last sale 9/18/2026 at 1:30 PM	$136.47	$30.63
Previous close 09/17/2026	$137.87	$30.76
Consolidated volume 09/17/2026
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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	SMOG	PBW
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/18/2026 at 1:30 PM

Live

Closed

	SMOG	PBW
Last price	$136.47	$30.63
1D performance	-1.02%	-0.42%
AuM	$130.85 M	$357.25 M
E/R	0.64%	0.63%

Characteristics

	SMOG	PBW
Management strategy	Passive	Passive
Provider	VanEck	Invesco
Benchmark	MVIS Global Low Carbon Energy Index	WilderHill Clean Energy Index
N° of holdings	56	72
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	May 3, 2007	March 3, 2005
ESG	Yes	Yes

More SMOG data on Trackinsight

More PBW data on Trackinsight

Exposure

Countries

SMOG

USA

35.01%

China

15.08%

Spain

11.19%

Denmark

7.43%

Italy

7.3%

Other

23.99%

PBW

USA

74.67%

Other

25.33%

Sectors

SMOG

Utilities

39.11%

Industrials

30.46%

Consumer Cyclical.

21.43%

Other

9.01%

PBW

Industrials

41.3%

Non-Energy Materi.

22.94%

Consumer Cyclical.

11.97%

Technology

11.23%

Utilities

7.2%

Other

5.36%

Diversification

SMOG

Total weight of top 15 holdings out of 15

68%

PBW

Total weight of top 15 holdings out of 15

30.06%

Top 15 holdings

Data as of July 31, 2026

SMOG

Iberdrola SA

8.77%

NextEra Energy, Inc.

7.62%

Enel SpA

7.03%

Tesla, Inc.

6.83%

BYD Co., Ltd.

6.32%

Bloom Energy Corp.

5.60%

Vestas Wind Systems A/S

4.85%

Samsung SDI Co., Ltd.

3.36%

First Solar, Inc.

3.13%

Rivian Automotive, Inc.

2.94%

Contemporary Amperex Technology Co., Ltd.

2.85%

Kingspan Group Plc

2.42%

AXIA Energia SA

2.36%

Ørsted A/S

2.08%

Nextpower, Inc.

1.85%

PBW

Itron, Inc.

2.40%

Gentherm, Inc.

2.39%

OPAL Fuels, Inc.

2.27%

Darling Ingredients, Inc.

2.17%

BETA Technologies, Inc.

2.12%

Rivian Automotive, Inc.

2.07%

AXIA Energia SA

2.01%

Gevo, Inc.

2.01%

Cadeler A/S

1.92%

REX American Resources Corp.

1.89%

XPeng, Inc.

1.88%

NIO, Inc.

1.81%

Canadian Solar, Inc.

1.77%

Universal Display Corp.

1.68%

Sociedad Quimica y Minera de Chile SA

1.68%

Frequently asked questions about SMOG and PBW

How have the SMOG and PBW ETFs performed in 2026?

As of September 18, 2026, SMOG is up 5.31% year-to-date (YTD), while PBW has returned 0.88%. That puts SMOG better performer ahead so far this year.

Which ETF is attracting more investor money: SMOG or PBW?

Year-to-date, the SMOG ETF saw -$3M in flows, compared to -$321M for PBW.

Which ETF is more volatile: SMOG or PBW?

Over the past year, SMOG had a volatility of 21.83%, while PBW experienced 43.68%.

Which ETF is bigger: SMOG or PBW?

As of September 18, 2026, SMOG holds $130.85 M in assets under management (AUM), while PBW manages $357.25 M.

What sectors do the SMOG and PBW ETFs invest in?

SMOG leans toward sectors like Utilities, Industrials and Consumer Cyclicals. Meanwhile, PBW focuses on Industrials, Non-Energy Materials and Consumer Cyclicals.

What are the top holdings of the SMOG ETF and PBW ETF?

SMOG top holdings include Iberdrola SA, NextEra Energy, Inc. and Enel SpA. PBW holds in its top three: Itron, Inc., Gentherm, Inc. and OPAL Fuels, Inc..

SMOGvsPBWETF Comparison

VanEck Low Carbon Energy ETF

Invesco WilderHill Clean Energy ETF

SMOG vs PBW performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the SMOG and PBW ETFs performed in 2026?

As of September 18, 2026, SMOG is up 5.31% year-to-date (YTD), while PBW has returned 0.88%. That puts SMOG better performer ahead so far this year.

Which ETF is attracting more investor money: SMOG or PBW?

Year-to-date, the SMOG ETF saw -$3M in flows, compared to -$321M for PBW.

Which ETF is more volatile: SMOG or PBW?

Over the past year, SMOG had a volatility of 21.83%, while PBW experienced 43.68%.

Which ETF is bigger: SMOG or PBW?

As of September 18, 2026, SMOG holds $130.85 M in assets under management (AUM), while PBW manages $357.25 M.

What sectors do the SMOG and PBW ETFs invest in?

SMOG leans toward sectors like Utilities, Industrials and Consumer Cyclicals. Meanwhile, PBW focuses on Industrials, Non-Energy Materials and Consumer Cyclicals.

What are the top holdings of the SMOG ETF and PBW ETF?

SMOG top holdings include Iberdrola SA, NextEra Energy, Inc. and Enel SpA. PBW holds in its top three: Itron, Inc., Gentherm, Inc. and OPAL Fuels, Inc..

Which ETF is more diversified: SMOG or PBW?

SMOG holds 56 securities with 68% of its assets in the top 15. PBW has 72 securities and a top 15 weight of 30.06%.

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