UPGRvsHWAYETF Comparison
VS
Xtrackers US Green Infrastructure Select Equity ETF (UPGR) and Themes US Infrastructure ETF (HWAY) belong to the same industry segment: Infrastructure. UPGR's top 3 sector exposures are Industrials, Non-Energy Materials and Business Services. In contrast, HWAY's top sector exposures are Industrials, Non-Energy Materials and Consumer Cyclicals. UPGR is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.29% for HWAY. UPGR is up 1.41% year-to-date (YTD) with -$6M in YTD flows. HWAY performs better with 24.17% YTD performance, and +$1M in YTD flows. Run a side-by-side ETF comparison of UPGR and HWAY below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
UPGR vs HWAY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | UPGR HWAY | -9.21%-1.02% | -5.51%+4.45% | +1.41%+24.17% | +18.93%+31.23% | -0.73%n/a | n/an/a |
| Flows | UPGR HWAY | -$6M+$378K | -$6M+$752K | -$6M+$1M | -$6M+$2M | -$5M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | UPGR HWAY | +37.83%+23.38% | +32.57%+20.64% | +30.85%n/a | n/an/a |
| Max drawdown | UPGR HWAY | -19.02%-7.46% | -19.02%-12.66% | -45.86%n/a | n/an/a |
| Max drawdown duration | UPGR HWAY | 52d29d | 52d59d | 794dn/a | n/an/a |
Trading data
UPGR | HWAY | |
Last sale 7/24/2026 at 1:30 PM | $38.42 | |
| Previous close 07/23/2026 | $38.22 | |
| Consolidated volume 07/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
UPGR | HWAY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 7/24/2026 at 1:30 PM
Live
Closed
UPGR | HWAY | |
|---|---|---|
| Last price | – | $38.42 |
| 1D performance | – | +0.53% |
| AuM | $0.61 M | $3.84 M |
| E/R | 0.35% | 0.29% |
Characteristics
UPGR | HWAY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Xtrackers by DWS | Themes Management Company |
| Benchmark | Solactive United States Green Infrastructure ESG Screened Index | Solactive United States Infrastructure Index |
| N° of holdings | 139 | 99 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 13, 2023 | September 12, 2024 |
| ESG | Yes | No |
Advertisement
Exposure
Countries
UPGR
USA
100%
Other
0%
HWAY
USA
99.66%
Other
0.34%
Sectors
UPGR
Industrials
58.4%
Non-Energy Materi.
17.98%
Business Services
9.71%
Utilities
8.55%
Other
5.36%
HWAY
Industrials
74.47%
Non-Energy Materi.
24.69%
Other
0.84%
Advertisement
Diversification
UPGR
Total weight of top 15 holdings out of 15
43.71%
HWAY
Total weight of top 15 holdings out of 15
55.88%
Top 15 holdings
Data as of June 30, 2026
UPGR
FuelCell Energy, Inc.
6.70%
Bloom Energy Corp.
4.14%
Purecycle Technologies, Inc.
2.98%
Shoals Technologies Group, Inc.
2.97%
Fluence Energy, Inc.
2.96%
First Solar, Inc.
2.56%
Reliance, Inc.
2.51%
Carrier Global Corp.
2.45%
Energy Vault Holdings, Inc.
2.42%
EnerSys
2.35%
Worthington Steel, Inc.
2.34%
QuantumScape Corp.
2.34%
Modine Manufacturing Co.
2.33%
XPLR Infrastructure LP
2.33%
Ryerson Holding Corp.
2.32%
HWAY
Caterpillar, Inc.
5.19%
Quanta Services, Inc.
4.85%
CSX Corp.
4.46%
Union Pacific Corp.
4.38%
Deere & Co.
4.06%
Parker-Hannifin Corp.
4.05%
Emerson Electric Co.
4.05%
CRH Plc
3.78%
United Rentals, Inc.
3.54%
Norfolk Southern Corp.
3.53%
Comfort Systems USA, Inc.
3.27%
W.W. Grainger, Inc.
2.93%
Nucor Corp.
2.78%
Fastenal Co.
2.72%
Westinghouse Air Brake Technologies Corp.
2.29%
Frequently asked questions about UPGR and HWAY
How have the UPGR and HWAY ETFs performed in 2026?
As of July 24, 2026, UPGR is up 1.41% year-to-date (YTD), while HWAY has returned 24.17%. That puts HWAY better performer ahead so far this year.
Which ETF is attracting more investor money: UPGR or HWAY?
Year-to-date, the UPGR ETF saw -$6M in flows, compared to +$1M for HWAY.
Which ETF is more volatile: UPGR or HWAY?
Over the past year, UPGR had a volatility of 32.57%, while HWAY experienced 20.64%.
Which ETF is bigger: UPGR or HWAY?
As of July 24, 2026, UPGR holds $0.61 M in assets under management (AUM), while HWAY manages $3.84 M.
What sectors do the UPGR and HWAY ETFs invest in?
UPGR leans toward sectors like Industrials, Non-Energy Materials and Business Services. Meanwhile, HWAY focuses on Industrials and Non-Energy Materials.
What are the top holdings of the UPGR ETF and HWAY ETF?
UPGR top holdings include FuelCell Energy, Inc., Bloom Energy Corp. and Purecycle Technologies, Inc.. HWAY holds in its top three: Caterpillar, Inc., Quanta Services, Inc. and CSX Corp..
Which ETF is more diversified: UPGR or HWAY?
UPGR holds 139 securities with 43.71% of its assets in the top 15. HWAY has 99 securities and a top 15 weight of 55.88%.
Advertisement
Latest news about UPGR & HWAY
How to Get Tax-Efficient Monthly Income from Infrastructure Investments
October 9, 2024
UPGR
Advertisement
Advertisement
