Invesco Global Clean Energy ETF
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- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
Invesco Global Clean Energy Portfolio seeks to track the investment performance of the WilderHill New Energy Global Innovation Index, a modified equal-weighted index. |
Category | Global Equities |
Fund Sponsor | Invesco PowerShares |
Website | www.powershares.com |
Inception date | Jun 13, 2007 |
Assets (mns) | $447 |
Currency | USD |
Expense ratio | 75 bp |
Distributions | Quarterly |
Regulation | Open-Ended Fund |
Custodian | Bank of New York Mellon |
Weighting | Tiered |
Index replication | Full |
Uses derivatives | No |
Options available | No |
No. of constituents | 103 |
Wgt avg mkt cap (mns) | $6,961 |
Large cap (>$10bn) | 24.3% |
Mid cap ($2-10bn) | 42.9% |
Small cap (<$2bn) | 23.3% |
Developed mkts | 72.6% |
Emerging mkts | 24.7% |
RENESOLA LTD-ADR | 2.5 % |
LITHIUM AMERICAS CORP. | 1.8 % |
PLUG POWER INC | 1.7 % |
FUELCELL ENERGY, INC. | 1.5 % |
BALLARD POWER SYSTEMS INC | 1.4 % |
ITM POWER PLC | 1.3 % |
FLAT GLASS GROUP CO., LTD. CLASS H | 1.2 % |
GANFENG LITHIUM CO., LTD. CLASS H | 1.2 % |
XEBEC ADSORPTION INC. | 1.2 % |
SUNPOWER CORP | 1.2 % | Total | 15.0 % |
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UNITED STATES | 23.1 % |
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CHINA | 12.9 % |
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CANADA | 8.4 % |
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GERMANY | 4.7 % |
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SPAIN | 3.7 % |
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SOUTH KOREA | 3.5 % |
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DENMARK | 2.5 % |
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ITALY | 2.5 % |
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UNITED KINGDOM | 2.3 % |
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TAIWAN | 2.1 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
145.3% | 145.3% | 27.1% | 11.2% | 3.3% |
versus... | Beta | R-squared |
S&P500 | 1.36 | 66% |
MSCI EAFE | 1.45 | 74% |
MSCI Emg. Mkts. | 1.25 | 71% |
Recent close | $40.20 |
30d moving avg. | $35.12 |
Annualized volatility | 31.4% |
Short interest (ETF) | 1.0% |
Relative strength (RSI) | 77 |
Avg. volume (thou.) | 197 |
Turnover | 1.8% |
Bid/Ask (% of price) | 0.17% |
ADV underlying (mns) | $23,741 |
FINDING ALTERNATIVE FUNDS
Below is a list of 99 potential alternatives to the Invesco Global Clean Energy ETF ETF based on the alternatives' overlap in portfolio holdings with PBD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | PBD | Expense: | 75 bp | ALTAR Score™: | -0.1% |
Ticker | Fund Name |
Overlap1 vs PBD (%) |
Expense ratio (bp) |
Savings vs PBD (bp) |
ALTAR Score™ (%) |
ALTAR vs PBD (%) |
BNE | Blue Horizon BNE ETF | 36.3 | 87 | -12 | 0.9 | +1.0 |
PBW | Invesco WilderHill Clean Energy ETF | 33.2 | 70 | 5 | -0.6 | -0.5 |
CTEC | Global X CleanTech ETF | 29.9 | 50 | 25 | 0.7 | +0.8 |
QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | 25.3 | 60 | 15 | 0.2 | +0.3 |
ICLN | iShares Global Clean Energy ETF | 23.9 | 46 | 29 | 1.5 | +1.6 |
SMOG | VanEck Vectors Low Carbon Energy ETF | 20.2 | 62 | 13 | 1.9 | +2.0 |
CNRG | SPDR S&P Kensho Clean Power ETF | 19.5 | 45 | 30 | 0.9 | +1.0 |
ACES | ALPS Clean Energy ETF | 18.7 | 55 | 20 | 0.3 | +0.4 |
TAN | Invesco Solar ETF | 18.6 | 69 | 6 | 0.2 | +0.3 |
SULR | Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund | 15.2 | 79 | -4 | 3.7 | +3.8 |
PZD | Invesco Cleantech ETF | 14.3 | 65 | 10 | 3.5 | +3.6 |
KARS | KraneShares Electric Vehicles & Future Mobility Index ETF | 12.7 | 70 | 5 | 2.5 | +2.6 |
FAN | First Trust Global Wind Energy ETF | 11.6 | 62 | 13 | 3.7 | +3.8 |
KOMP | SPDR Kensho New Economies Composite ETF | 10.9 | 20 | 55 | 1.6 | +1.7 |
BATT | Amplify Advanced Battery Metals & Materials ETF | 10.1 | 59 | 16 | 1.9 | +2.0 |
YLCO | Global X YieldCo Index ETF | 10.0 | 65 | 10 | 3.9 | +4.0 |
DRIV | Global X Autonomous & Electric Vehicles ETF | 9.9 | 68 | 7 | 3.9 | +4.0 |
GRID | First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde | 7.6 | 70 | 5 | 3.4 | +3.6 |
SDG | iShares Sustainable MSCI Global Impact ETF | 7.5 | 49 | 26 | 5.6 | +5.7 |
DTEC | ALPS Disruptive Technologies ETF | 7.5 | 50 | 25 | 2.6 | +2.8 |
PRN | Invesco DWA Industrials Momentum ETF | 7.2 | 60 | 15 | 4.8 | +5.0 |
DWAS | Invesco DWA SmallCap Momentum ETF | 7.0 | 60 | 15 | -1.2 | -1.1 |
LIT | Global X Lithium & Battery Tech ETF | 6.2 | 75 | 0 | 1.7 | +1.8 |
DFAE | Dimensional Emerging Core Equity Market ETF | 6.2 | 35 | 40 | 6.9 | +7.0 |
KGRN | KraneShares MSCI China Environment Index ETF | 5.9 | 80 | -5 | 5.9 | +6.0 |
MOON | Direxion Moonshot Innovators ETF | 5.6 | 65 | 10 | -3.8 | -3.7 |
IMOM | Alpha Architect International Quantitative Momentum ETF | 4.7 | 59 | 16 | 2.6 | +2.8 |
PIE | Invesco DWA Emerging Markets Momentum ETF | 4.5 | 90 | -15 | 1.8 | +1.9 |
DWCR | Arrow DWA Country Rotation ETF | 4.4 | 116 | -41 | 3.5 | +3.6 |
ETHO | Etho Climate Leadership U.S. ETF | 4.4 | 47 | 28 | 3.6 | +3.7 |
DFAI | Dimensional International Core Equity Market ETF | 4.4 | 18 | 57 | 6.3 | +6.5 |
MDYG | SPDR S&P 400 Mid Cap Growth ETF | 4.4 | 15 | 60 | 3.7 | +3.8 |
IJK | iShares S&P Mid-Cap 400 Growth ETF | 4.4 | 17 | 58 | 3.7 | +3.8 |
AIEQ | AI Powered Equity ETF | 4.3 | 87 | -12 | 1.8 | +1.9 |
FCA | First Trust China AlphaDEX Fund | 4.2 | 80 | -5 | 12.6 | +12.7 |
IDRV | iShares Self-driving EV & Tech ETF | 4.1 | 47 | 28 | 5.2 | +5.3 |
FYC | First Trust Small Cap Growth AlphaDEX Fund | 4.1 | 70 | 5 | 1.7 | +1.8 |
SDGA | Impact Shares Sustainable Development Goals Global ETF | 4.0 | 75 | 0 | 4.7 | +4.8 |
QQQJ | Invesco NASDAQ Next Gen 100 ETF | 4.0 | 15 | 60 | 2.5 | +2.6 |
EKAR | Innovation Shares NextGen Vehicles & Technology ETF | 4.0 | 95 | -20 | 4.9 | +5.0 |
IWO | iShares Russell 2000 Growth ETF | 4.0 | 24 | 51 | -0.1 | +0.0 |
GLIF | AGFiQ Global Infrastructure ETF | 4.0 | 45 | 30 | 4.8 | +4.9 |
QMOM | Alpha Architect U.S. Quantitative Momentum ETF | 3.9 | 49 | 26 | -0.6 | -0.5 |
XSD | SPDR S&P Semiconductor ETF | 3.8 | 35 | 40 | 3.2 | +3.3 |
FEP | First Trust Europe AlphaDEX Fund | 3.8 | 80 | -5 | 7.4 | +7.5 |
NUSC | Nuveen ESG Small-Cap ETF | 3.8 | 40 | 35 | 4.0 | +4.1 |
BTEK | BlackRock Future Tech ETF | 3.8 | 88 | -13 | -0.2 | -0.0 |
VBK | Vanguard Small-Cap Growth Index Fund | 3.7 | 7 | 68 | 1.9 | +2.0 |
XJH | iShares ESG Screened S&P Mid-Cap ETF | 3.7 | 12 | 63 | 5.4 | +5.5 |
NUEM | Nuveen ESG Emerging Markets Equity ETF | 3.7 | 45 | 30 | 5.4 | +5.5 |
IVOO | Vanguard S&P Mid-Cap 400 ETF | 3.6 | 10 | 65 | 5.3 | +5.4 |
PIZ | Invesco DWA Developed Markets Momentum ETF | 3.6 | 81 | -6 | 4.4 | +4.5 |
BBMC | JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 3.6 | 7 | 68 | 3.9 | +4.0 |
IMTM | iShares Edge MSCI Intl Momentum Factor ETF | 3.6 | 30 | 45 | 4.1 | +4.2 |
FEUZ | First Trust Eurozone AlphaDEX ETF | 3.6 | 80 | -5 | 6.9 | +7.0 |
VTWG | Vanguard Russell 2000 Growth Index Fund | 3.5 | 15 | 60 | 0.1 | +0.2 |
HAIL | SPDR S&P Kensho Smart Mobility ETF | 3.4 | 45 | 30 | 4.1 | +4.2 |
WOMN | Impact Shares YWCA Women's Empowerment ETF | 3.4 | 75 | 0 | 3.5 | +3.6 |
FDMO | Fidelity Momentum Factor ETF | 3.4 | 29 | 46 | 2.4 | +2.6 |
FEM | First Trust Emerging Markets AlphaDEX Fund | 3.4 | 80 | -5 | 10.3 | +10.5 |
EMXF | iShares ESG Advanced MSCI EM ETF | 3.3 | 16 | 59 | 7.1 | +7.2 |
UIVM | VictoryShares USAA MSCI International Value Momentum ETF | 3.2 | 35 | 40 | 7.6 | +7.7 |
RFG | Invesco S&P Midcap 400 Pure Growth ETF | 3.2 | 35 | 40 | 3.3 | +3.4 |
RFDI | First Trust Riverfront Dynamic Developed International ETF | 3.1 | 83 | -8 | 5.1 | +5.2 |
IVOG | Vanguard S&P Mid-Cap 400 Growth ETF | 3.1 | 15 | 60 | 4.2 | +4.3 |
VTWO | Vanguard Russell 2000 Index Fund | 3.0 | 10 | 65 | 2.7 | +2.8 |
VFMO | Vanguard U.S. Momentum Factor ETF | 3.0 | 13 | 62 | 1.4 | +1.5 |
BICK | First Trust BICK Index Fund | 3.0 | 64 | 11 | 3.2 | +3.3 |
RBIN | Nationwide Risk-Based International Equity ETF | 3.0 | 42 | 33 | 6.0 | +6.2 |
EWGS | iShares MSCI Germany Small Cap ETF | 3.0 | 59 | 16 | 5.8 | +5.9 |
JPSE | JPMorgan Diversified Return U.S. Small Cap Equity ETF | 3.0 | 29 | 46 | 4.2 | +4.4 |
PGJ | Invesco Golden Dragon China ETF | 2.9 | 70 | 5 | 3.7 | +3.8 |
NVQ | QRAFT AI-Enhanced US Next Value ETF | 2.9 | 75 | 0 | 6.6 | +6.7 |
CHIQ | Global X MSCI China Consumer ETF | 2.9 | 65 | 10 | 4.6 | +4.7 |
HAP | VanEck Vectors Natural Resources ETF | 2.9 | 50 | 25 | 4.8 | +4.9 |
IWM | iShares Russell 2000 ETF | 2.9 | 19 | 56 | 2.5 | +2.6 |
JKK | iShares Morningstar Small-Cap Growth ETF | 2.8 | 30 | 45 | 0.6 | +0.7 |
FDTS | First Trust Developed Markets ex-US Small Cap AlphaDEX Fund | 2.8 | 80 | -5 | 8.8 | +8.9 |
WWOW | Direxion World Without Waste ETF | 2.8 | 50 | 25 | 0.1 | +0.2 |
FYX | First Trust Small Cap Core AlphaDEX Fund | 2.8 | 63 | 12 | 5.4 | +5.5 |
MDY | SPDR S&P Midcap 400 ETF Trust | 2.8 | 23 | 52 | 5.1 | +5.2 |
SPMD | SPDR Portfolio Mid Cap ETF | 2.8 | 5 | 70 | 5.3 | +5.4 |
IJH | iShares Core S&P Mid-Cap ETF | 2.8 | 5 | 70 | 5.3 | +5.4 |
NACP | Impact Shares NAACP Minority Empowerment ETF | 2.8 | 49 | 26 | 4.7 | +4.8 |
SMEZ | SPDR EURO STOXX Small Cap ETF | 2.8 | 45 | 30 | 6.3 | +6.4 |
IVOV | Vanguard S&P Mid-Cap 400 Value ETF | 2.7 | 15 | 60 | 6.7 | +6.8 |
XSMO | Invesco S&P SmallCap Momentum ETF | 2.7 | 39 | 36 | 3.7 | +3.8 |
FNI | First Trust Chindia ETF | 2.7 | 60 | 15 | 2.4 | +2.5 |
BFTR | Future Innovators ETF | 2.7 | 80 | -5 | -1.5 | -1.4 |
FDT | First Trust Developed Markets ex-US Alphadex Fund | 2.7 | 80 | -5 | 7.5 | +7.6 |
ESGE | iShares ESG Aware MSCI EM ETF | 2.7 | 25 | 50 | 6.9 | +7.0 |
IEUS | iShares MSCI Europe Small-Cap ETF | 2.6 | 40 | 35 | 6.6 | +6.7 |
LDEM | iShares ESG MSCI EM Leaders ETF | 2.6 | 16 | 59 | 6.3 | +6.5 |
DFE | WisdomTree Europe SmallCap Dividend Fund | 2.6 | 58 | 17 | 9.1 | +9.3 |
SCHA | Schwab U.S. Small-Cap ETF | 2.6 | 4 | 71 | 3.6 | +3.7 |
PAMC | Pacer Lunt MidCap Multi-Factor Alternator ETF | 2.6 | 60 | 15 | 3.6 | +3.7 |
ITEQ | BlueStar Israel Technology ETF | 2.6 | 75 | 0 | 1.5 | +1.6 |
IDMO | Invesco S&P International Developed Momentum ETF | 2.6 | 26 | 49 | 3.7 | +3.8 |
FPXE | First Trust IPOX Europe Equity Opportunities ETF | 2.6 | 70 | 5 | 1.4 | +1.5 |
1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.
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RESULTS & ESTIMATES
2015 | 2016 | 2017 | 2018 | 2019 | 2020E | 2021E | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share ![]() |
** | ** | ** | ** | ** | ** | ** |
Book value per share | ** | ** | ** | ** | ** | ** | ** |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
OTHER FUNDAMENTAL METRICS
Long term EPS growth est. | **% | Debt-to-equity | **x | |
Asset turnover | **% | Assets-to-equity | **x |
*Six months ago = 100 |
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VALUATION METRICS
2019 | 2020E | 2021E | |
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Price-to-sales | ** | ** | ** |
Price-to-earnings | ** | ** | ** |
Price-to-cash flow | ** | ** | ** |
Price-to-growth | ** | ** | ** |
Price-to-book value | ** | ** | ** |
Yield | ** | ** | ** |
Historical valuation trends
Forward multiple: |
Invesco Global Clean Energy ETF | |||
Relative to: |
S&P500 | MSCI EAFE | MSCI Emg. Mkts. | Other ETF: |
AVOID |
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant. |
ALTAR Score™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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