PBW holdings and overlap

Name: PBW holdings, overlap with other US ETFs, cost and risk
Creator: TickerInside
License: https://creativecommons.org/licenses/by/4.0/

Invesco WilderHill Clean Energy ETF (PBW) holds 72 positions in its Invesco file of 2026-10-24. Its three largest are Cadeler A/S (CDLR) at 2.11%, Nextpower (NXT) at 2.05% and Universal Display (OLED) at 1.92%, and its ten largest make up 18.4% of the fund.

In its Invesco file of 2026-10-24, PBW is 37.8% industrials, 24.6% technology and 14.7% materials by sector, with 1.7% in mega-cap tech and 1.7% in the ten largest US companies by market value. By country, 78.6% of PBW is in the United States, 7.7% in Canada, 5.3% in China and 2.1% in Denmark.

Edited by VoidLab Data through 2026-10-28 Last revised 2026-10-27

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PBWInvesco WilderHill Clean Energy ETFThematic, Invesco, 72 positions

Last close, 2026-10-28

$26.05 +0.93%

52-week range 24 to 47

Largest position

CDLR

2.11% of the ETF, Cadeler A/S

Positions

18.4% in the ten largest

Cost per year

0.63%

$63 a year on $10,000

Assets

$0.3B

under management

Return, 3 years

+2.3%

cumulative, total return

Worst fall

-50.6%

peak to trough, 3 years, weekly closes

What does PBW hold, as of its issuer file of 2026-10-24?

Cadeler A/S is 2.11% of PBW on its own, against a median largest position of 7.6% across the 20 Thematic funds with a page here. PBW is the only fund with a page here that holds CDLR.

Rank	Company	Weight
1	CDLR Cadeler A/S	2.11%
2	NXT Nextpower	2.05%
3	OLED Universal Display	1.92%
4	ORA Ormat Technologies	1.92%
5	FSLR First Solar	1.83%
6	ASPN Aspen Aerogels	1.73%
7	TSLA Tesla	1.73%
8	ARRY Array Technologies	1.72%
9	JKS Jinko Holdings Ltd	1.72%
10	BEPC Brookfield Renewable Corporation Brookfield Renewable	1.7%
11	CSIQ Canadian Solar	1.68%
12	SEDG SolarEdge Technologies	1.67%
13	ENPH Enphase Energy	1.66%
14	DAR Darling Ingredients	1.65%
15	REX REX American Resources	1.63%
16	ITRI Itron	1.62%
17	ESE ESCO Technologies	1.61%
18	ENVX Enovix	1.6%
19	SHLS Shoals Technologies Group	1.6%
20	BETA Beta Technologies Inc	1.54%
21	LZM Lifezone Metals Limited	1.53%
22	NIO NIO Inc	1.52%
23	MYRG MYR Group	1.52%
24	RUN Sunrun	1.51%
25	XPEV XPeng Inc	1.51%
26	THRM Gentherm	1.49%
27	PWR Quanta Services	1.49%
28	BELFB Bel Fuse	1.45%
29	AMPX Amprius Technologies	1.44%
30	AEIS Advanced Energy Industries	1.44%
31	SQM Sociedad Quimica y Minera S.A.	1.43%
32	MPWR Monolithic Power Systems	1.42%
33	MWH Solv Energy Inc	1.42%
34	AMSC American Superconductor	1.41%
35	WOLF Wolfspeed Inc	1.41%
36	ALB Albemarle	1.41%
37	QS QuantumScape	1.4%
38	SLDP Solid Power	1.4%
39	OPAL OPAL Fuels	1.4%
40	POWL Powell Industries	1.38%
41	IONR ioneer Ltd	1.38%
42	MP MP Materials	1.36%
43	FLNC Fluence Energy	1.35%
44	IONQ IonQ	1.35%
45	GEVO Gevo	1.35%
46	RIVN Rivian Automotive	1.35%
47	JOBY Joby Aviation	1.34%
48	PLPC Preformed Line Products	1.33%
49	AMRC Ameresco	1.32%
50	SGML Sigma Lithium	1.3%
51	BE Bloom Energy	1.27%
52	ACHR Archer Aviation	1.25%
53	LAR Lithium Argentina AG	1.23%
54	LAC Lithium Americas	1.21%
55	HYLN Hyliion	1.2%
56	EVGO EVgo	1.19%
57	BLDP Ballard Power Systems	1.19%
58	PLUG Plug Power	1.19%
59	QBTS D-Wave Quantum	1.17%
60	FAC Factorial Energy Inc	1.16%
61	NVTS Navitas Semiconductor	1.16%
62	SLI Standard Lithium	1.14%
63	FCEL FuelCell Energy	1.13%
64	TE T1 Energy	1.12%
65	USAR USA Rare Earth	1.0%
66	NRGV Energy Vault	0.94%
67	FRVO Fervo Energy Co	0.86%
68	XNDU Xanadu Quantum Technologies Ltd	0.8%
69	EOSE Eos Energy Enterprises	0.75%
70	TYGO Tigo Energy	0.67%
71	TOYO TOYO	0.56%
72	NIU Niu Technologies	0.56%

The most recent file Invesco has published for PBW is dated 2026-10-24, 4 days before these prices, which is the median for the Invesco ETFs covered here. Every one of the 72 positions PBW holds, with its weight, is in the fund's JSON file. Look up CDLR to see where else, if anywhere, it is held at a weight like the 2.11% in PBW.

Category: Thematic, set by TickerInside from the ETF's own latest file. In its file of 2026-10-24, its name names a theme (clean energy), and no one sector holds 60% of its stocks whose sector is known (industrials 38%). How categories are set.

Use this data

JSONhttps://tickerinside.com/api/v1/fund/pbw.json

CSVhttps://tickerinside.com/api/v1/fund/pbw.csv

Sheets=IMPORTDATA("https://tickerinside.com/api/v1/fund/pbw.csv")If your sheet uses a decimal comma: =IMPORTDATA("https://tickerinside.com/api/v1/fund/pbw.csv"; ","; "en_US")

curlcurl -s https://tickerinside.com/api/v1/fund/pbw.json

API reference · spreadsheet guide Add TickerInside to Claude to ask about PBW with this data

How much money went into or out of PBW?

On the close of Friday, October 23, 2026, PBW neither created nor redeemed shares. Over its last 5 closes, a net inflow of $1.3 million.

2026-09-302026-10-23

From PBW's own holdings files. Every ETF's latest flows.

How is PBW split by sector and country?

Sector	Weight	Weight bar
Industrials	37.8%
Technology	24.6%
Materials	14.7%
Consumer discretionary	12.2%
Utilities	5.9%
Energy	3.0%
Consumer staples	1.7%

Country	Weight	Weight bar
United States	78.6%
Canada	7.7%
China	5.3%
Denmark	2.1%
Isle of Man	1.5%
Chile	1.4%
Brazil	1.3%
Argentina	1.2%
Japan	0.6%

From its Invesco file of 2026-10-24. How these are measured.

What did PBW hold in its SEC reports since 2019?

In PBW's SEC filings, its largest position went from Tesla, Inc. (TSLA) at 3.67% on 2019-10-31 to OPAL Fuels Inc. (OPAL) at 2.37% on 2026-07-31, across 26 quarterly reports.

Largest in 2019

TSLA

3.67% on 2019-10-31

Largest in 2026

OPAL

2.37% on 2026-07-31

Ten largest

20.0%

30.8% in 2019

Quarterly reports

since 2019, SEC Form N-PORT

2019The ten largest positions, report by report2026

Report	Positions	Largest	Top 10
2019-10-31	39	TSLA 3.67%	30.8%
2020-10-31	43	NIO 3.63%	29.7%
2021-10-31	66	SPWR 2.08%	18.7%
2022-10-31	77	SGML 1.95%	16.4%
2023-10-31	71	JKS 2.39%	17.8%
2024-10-31	65	ALTM 3.25%	23.7%
2025-10-31	62	FLNC 2.77%	23.4%
2026-07-31	72	OPAL 2.37%	20.0%

The first report, then the last of each year, of the 26 reports PBW filed on SEC Form N-PORT from 2019-10-31 to 2026-07-31, each company under its ticker today. Every position of every report is in its quarterly file, and at any date at /api/v1/history/pbw/{date}.json. How these are read.

What does PBW share with other ETFs?

The ETF nearest to PBW is CNRG: the two hold 30.6% of their weight in common, in the 22 companies both own, and 31.5% of PBW itself is also held there. No covered ETF holds more than that in common with PBW; it duplicates nothing here closely.

ETF	Overlap by weight	Of PBW held there	Of that ETF in PBW	Companies in both
CNRG	30.6%	31.5%	50.5%	22
PBD	18.8%	34.8%	18.6%	23
TAN	14.9%	16.6%	43.3%	10
ICLN	14.7%	24.2%	34.9%	15
DRIV	12.3%	16.9%	14.5%	12
ERTH	11.4%	28.1%	17.4%	18
ETEC	10.5%	10.6%	24.7%	6
XSD	9.0%	10.2%	13.4%	7
REMX	9.0%	9.1%	25.3%	7
POWR	8.0%	16.7%	13.0%	10
VTWG	7.5%	40.4%	9.7%	29
KOMP	7.0%	48.7%	7.0%	33

REMX's holdings are from its SEC Form N-PORT for the period ended 2026-06-30, filed 2026-08-26. VTWG's holdings are from its SEC Form N-PORT for the period ended 2026-05-31, filed 2026-07-29. The other ETFs' holdings are from their issuers' latest files. Check PBW against any ETF in the ETF overlap calculator · how overlap is measured.

What adds something different to PBW?

KXI shares 0% of weight with PBW and its weekly returns correlate with it at 0.07 over three years. The table lists the covered ETFs with the least in common with PBW, least shared weight first and, among equals, lowest correlation.

ETF	Name	Overlap by weight	Correlation, 3y
KXI	iShares Global Consumer Staples ETF	0.0%	0.07
USRT	iShares Core U.S. REIT ETF	0.0%	0.34
IYR	iShares U.S. Real Estate ETF	0.0%	0.34
RING	iShares MSCI Global Gold Miners ETF	0.0%	0.34
MCHI	iShares MSCI China ETF	0.0%	0.37
REET	iShares Global REIT ETF	0.0%	0.38
SLVP	iShares MSCI Global Silver and Metals Miners ETF	0.0%	0.41
QUAL	iShares MSCI USA Quality Factor ETF	0.0%	0.51

Cost, returns and risk

Expense ratio	0.63%
Dividend yield	2.30%
Total return, 1 year	-20.7%
Total return, 3 years cumulative	2.3%
Total return, 5 years cumulative	-67.8%
Volatility, annualised	37.4%
Worst fall, 3 years	-50.6%
Beta against SPY, 3 years of weekly returns	1.58
Weight in the ten largest positions	18.4%
Largest single position	2.1%
Assets under management	$0.3B

Expense ratio, yield and assets are reference data (the expense ratio from PBW's SEC filing of 2026-08-27); the weight in the ten largest positions and the largest single position are from the issuer file of 2026-10-24; every other figure is computed here from weekly closes.

How it moves with the market

Against	Correlation, 3 years	Covariance, annualised, in percent squared
SPY	0.58loosely linked	303
QQQ	0.59loosely linked	424

Weekly total returns. What the bands mean · why the covariance is printed.

Year by year

Year	Total return
2026	-13.3%
2025	54.0%
2024	-30.8%
2023	-20.0%
2022	-44.6%

One year

PBW 83 SPY 116

2025-11-072026-10-30

PBW rebased to 100 a year ago, weekly closes, prices through 2026-10-28.

Where to go next

PHO, Invesco Water Resources ETF
PIO, Invesco Global Water ETF
PKB, Invesco Building & Construction ETF
PSP, Invesco Global Listed Private Equity ETF
Run a portfolio x-ray to see what PBW carries once you look through it
Compare PBW against any other ETF in the builder

Holdings from the most recent file Invesco has published, dated 2026-10-24. Prices through 2026-10-28. How every figure here is produced. Measurements, not investment advice.

Cite this page

TickerInside, Invesco WilderHill Clean Energy ETF (PBW), holdings from the issuer's file of 2026-10-24, https://tickerinside.com/etf/pbw/, CC BY 4.0

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