AVEM vs ICLN: Holdings Overlap
AVEMAvantis Emerging Markets Equity ETF
Avantis · 3893 holdings · $25.8B · as of 2026-05-31
ICLNiShares Global Clean Energy ETF
iShares · 123 holdings · $2.3B · as of 2026-04-30
Holdings snapshots are 31 days apart (AVEM: 2026-05-31, ICLN: 2026-04-30). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are AVEM and ICLN?
Avantis Emerging Markets Equity ETF (AVEM, by Avantis) holds 3893 positions; iShares Global Clean Energy ETF (ICLN, by iShares) holds 123. They have 23 holdings in common, and by portfolio weight the two funds are 0.3% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 23AVEM holds 3893 · ICLN holds 123
- Weight in Shared Holdings
- AVEM 0%·ICLN 17%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in AVEM
3870 of 3893 positions (99.7% of the fund) are not held by ICLN. Showing the top 30 by weight.
Only in ICLN
100 of 123 positions (82.3% of the fund) are not held by AVEM. Showing the top 30 by weight.
Sector Breakdown
| Sector | AVEM | ICLN |
|---|---|---|
| Information Technology | 33.8% | 12.3% |
| Industrials | 2.0% | 32.4% |
| Utilities | 0.8% | 19.4% |
| Financials | 10.7% | 0.0% |
| Consumer Discretionary | 5.1% | 0.0% |
| Other Sectors | 11.1% | 1.3% |
| Unclassified | 36.5% | 34.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (37% of AVEM, 34% of ICLN).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| AVEM | -0.3% | +20.6% | +33.7% | +21.9% | +9.9% | — | 1.90% |
| ICLN | -5.3% | +11.7% | +34.9% | +4.0% | -3.1% | +8.9% | 1.01% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in AVEM vs ICLN →
Shared Holdings(23)
The top 10 shared positions account for 85% of the overlap, led by 6WX, ENGI11 and EQTL3.
 6WXChina Longyuan Power Group Corp Ltd | 0.05% | 0.84% | 0.05% |
|---|---|---|---|
 ENGI11Energisa S.A. UNITS (1 COM & 4 PRF) | 0.05% | 1.34% | 0.05% |
 EQTL3Equatorial SA COM NPV | 0.04% | 2.88% | 0.04% |
 NHPCNHPC Ltd. INR10 | 0.02% | 0.65% | 0.02% |
 WAAREEENWaaree Energies Ltd. INR10 | 0.02% | 0.78% | 0.02% |
 1798China Datang Corporation Renewable Power Co Ltd. 'H'CNY1 | 0.02% | 0.23% | 0.02% |
| Zorlu Enerji Elektrik Uretim AS | 0.01% | 0.10% | 0.01% |
 CPFE3CPFL Energia SA COM NPV | 0.01% | 0.86% | 0.01% |
 EGIE3Engie Brasil Energia SA COM NPV | 0.01% | 0.62% | 0.01% |
 SUELSuzlon Energy Ltd. INR2.00 | 0.01% | 2.37% | 0.01% |
 A336260Doosan Fuel Cell Co Ltd | 0.01% | 1.27% | 0.01% |
 AURE3Auren Energia SA | 0.01% | 0.51% | 0.01% |
 A112610CS Wind Corp | 0.01% | 0.41% | 0.01% |
 ENELAMEnel Americas SA | 0.01% | 0.32% | 0.01% |
 9958Century Iron & Steel Industrial Co Ltd | 0.01% | 0.29% | 0.01% |
| Premier Energies Ltd. INR1 | 0.00% | 0.69% | 0.00% |
| Goldwind Science & Technology Co Ltd | 0.00% | 1.29% | 0.00% |
| Sjvn Ltd INR10 | 0.00% | 0.19% | 0.00% |
| Energy Absolute PCL | 0.00% | 0.18% | 0.00% |
| TSEC Corp. | 0.00% | 0.44% | 0.00% |
 BRENBarito Renewables Energy Tbk PT | 0.00% | 0.43% | 0.00% |
 6244MOTECH Industries Inc. | 0.00% | 0.25% | 0.00% |
| United Renewable Energy Co Ltd/Taiwan | 0.00% | 0.15% | 0.00% |
Frequently Asked Questions
How much do AVEM and ICLN overlap?
AVEM and ICLN overlap by 0.3% of portfolio weight. They share 23 holdings (AVEM holds 3893 positions and ICLN holds 123), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AVEM and ICLN?
The two portfolios are 0.3% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of AVEM and ICLN?
The largest positions held by both funds are 6WX, ENGI11, EQTL3, NHPC and WAAREEEN. Together the top 10 shared positions account for 85% of the total overlap.
What does AVEM own that ICLN doesn't?
3870 positions (99.7% of AVEM) are unique to AVEM, led by 000660, TSM and SMSNRUB. In the other direction, 100 positions (82.3% of ICLN) are unique to ICLN.