ICLN vs IEMG: Holdings Overlap
ICLNiShares Global Clean Energy ETF
iShares · 123 holdings · $2.3B · as of 2026-04-30
IEMGiShares Core MSCI Emerging Markets ETF
iShares · 2697 holdings · $156.6B · as of 2026-05-31
Holdings snapshots are 31 days apart (ICLN: 2026-04-30, IEMG: 2026-05-31). 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 ICLN and IEMG?
iShares Global Clean Energy ETF (ICLN, by iShares) holds 123 positions; iShares Core MSCI Emerging Markets ETF (IEMG, by iShares) holds 2697. They have 38 holdings in common, and by portfolio weight the two funds are 0.4% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 38ICLN holds 123 · IEMG holds 2697
- Weight in Shared Holdings
- ICLN 27%·IEMG 0%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 ICLN
85 of 123 positions (72.6% of the fund) are not held by IEMG. Showing the top 30 by weight.
Only in IEMG
2659 of 2697 positions (99.2% of the fund) are not held by ICLN. Showing the top 30 by weight.
Sector Breakdown
| Sector | ICLN | IEMG |
|---|---|---|
| Information Technology | 12.3% | 36.2% |
| Industrials | 32.4% | 2.4% |
| Utilities | 19.4% | 0.8% |
| Financials | 0.0% | 11.0% |
| Consumer Discretionary | 0.0% | 6.0% |
| Other Sectors | 1.3% | 12.7% |
| Unclassified | 34.0% | 30.7% |
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 (34% of ICLN, 31% of IEMG).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| ICLN | -5.3% | +11.7% | +34.9% | +4.0% | -3.1% | +8.9% | 1.01% |
| IEMG | +0.3% | +19.9% | +33.4% | +20.1% | +7.8% | +9.0% | 2.25% |
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 ICLN vs IEMG →
Shared Holdings(38)
The top 10 shared positions account for 67% of the overlap, led by EQTL3, SUEL and 600900.
 EQTL3Equatorial SA COM NPV | 2.88% | 0.06% | 0.06% |
|---|---|---|---|
 SUELSuzlon Energy Ltd. INR2.00 | 2.37% | 0.04% | 0.04% |
 600900China Yangtze Power Co Ltd | 5.88% | 0.04% | 0.04% |
 A336260Doosan Fuel Cell Co Ltd | 1.27% | 0.02% | 0.02% |
 WAAREEENWaaree Energies Ltd. INR10 | 0.78% | 0.02% | 0.02% |
 ENGI11Energisa S.A. UNITS (1 COM & 4 PRF) | 1.34% | 0.02% | 0.02% |
 NHPCNHPC Ltd. INR10 | 0.65% | 0.02% | 0.02% |
 6WXChina Longyuan Power Group Corp Ltd | 0.84% | 0.01% | 0.01% |
| HONG KONG DOLLAR | 0.02% | 0.01% | 0.01% |
| TURKISH LIRA | 0.01% | 0.02% | 0.01% |
 600905China Three Gorges Renewables Group Co Ltd | 1.03% | 0.01% | 0.01% |
 CPFE3CPFL Energia SA COM NPV | 0.86% | 0.01% | 0.01% |
 EGIE3Engie Brasil Energia SA COM NPV | 0.62% | 0.01% | 0.01% |
 AURE3Auren Energia SA | 0.51% | 0.01% | 0.01% |
| Premier Energies Ltd. INR1 | 0.69% | 0.01% | 0.01% |
| KOREAN WON | 0.01% | 0.02% | 0.01% |
 601012LONGi Green Energy Technology Co Ltd | 1.10% | 0.01% | 0.01% |
 A112610CS Wind Corp | 0.41% | 0.01% | 0.01% |
 600674Sichuan Chuantou Energy Co Ltd | 0.66% | 0.01% | 0.01% |
| INOX WIND LTD | 0.67% | 0.01% | 0.01% |
 JKSJinkoSolar Holding Co., Ltd., ADR | 0.53% | 0.01% | 0.01% |
| Sjvn Ltd INR10 | 0.19% | 0.01% | 0.01% |
 9958Century Iron & Steel Industrial Co Ltd | 0.29% | 0.00% | 0.00% |
 1798China Datang Corporation Renewable Power Co Ltd. 'H'CNY1 | 0.23% | 0.00% | 0.00% |
 688223Jinko Solar Co Ltd | 0.59% | 0.00% | 0.00% |
Frequently Asked Questions
How much do ICLN and IEMG overlap?
ICLN and IEMG overlap by 0.4% of portfolio weight. They share 38 holdings (ICLN holds 123 positions and IEMG holds 2697), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ICLN and IEMG?
The two portfolios are 0.4% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of ICLN and IEMG?
The largest positions held by both funds are EQTL3, SUEL, 600900, A336260 and WAAREEEN. Together the top 10 shared positions account for 67% of the total overlap.
What does ICLN own that IEMG doesn't?
85 positions (72.6% of ICLN) are unique to ICLN, led by BE, NXT and FSLR. In the other direction, 2659 positions (99.2% of IEMG) are unique to IEMG.