ICLN vs SCHE: Holdings Overlap
ICLNiShares Global Clean Energy ETF
iShares · 123 holdings · $2.3B · as of 2026-04-30
SCHESchwab Emerging Markets Equity ETF
Schwab · 2180 holdings · $12.7B · as of 2026-05-31
Holdings snapshots are 31 days apart (ICLN: 2026-04-30, SCHE: 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 SCHE?
iShares Global Clean Energy ETF (ICLN, by iShares) holds 123 positions; Schwab Emerging Markets Equity ETF (SCHE, by Schwab) holds 2180. They have 45 holdings in common, and by portfolio weight the two funds are 0.5% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 45ICLN holds 123 · SCHE holds 2180
- Weight in Shared Holdings
- ICLN 31%·SCHE 1%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
78 of 123 positions (68.8% of the fund) are not held by SCHE. Showing the top 30 by weight.
Only in SCHE
2135 of 2180 positions (99.1% of the fund) are not held by ICLN. Showing the top 30 by weight.
Sector Breakdown
| Sector | ICLN | SCHE |
|---|---|---|
| Industrials | 32.4% | 2.1% |
| Information Technology | 12.3% | 29.1% |
| Utilities | 19.4% | 1.2% |
| Financials | 0.0% | 13.4% |
| Consumer Discretionary | 0.0% | 7.0% |
| Other Sectors | 1.3% | 16.0% |
| Unclassified | 34.0% | 30.8% |
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 SCHE).
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% |
| SCHE | +3.4% | +13.1% | +22.4% | +17.1% | +6.7% | +8.0% | 2.57% |
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 SCHE →
Shared Holdings(45)
The top 10 shared positions account for 69% of the overlap, led by EQTL3, 600900 and SUEL.
 EQTL3Equatorial SA COM NPV | 2.88% | 0.07% | 0.07% |
|---|---|---|---|
 600900China Yangtze Power Co Ltd | 5.88% | 0.07% | 0.07% |
 SUELSuzlon Energy Ltd. INR2.00 | 2.37% | 0.06% | 0.06% |
 ENGI11Energisa S.A. UNITS (1 COM & 4 PRF) | 1.34% | 0.04% | 0.04% |
 WAAREEENWaaree Energies Ltd. INR10 | 0.78% | 0.03% | 0.03% |
 6WXChina Longyuan Power Group Corp Ltd | 0.84% | 0.03% | 0.03% |
 NHPCNHPC Ltd. INR10 | 0.65% | 0.02% | 0.02% |
 EGIE3Engie Brasil Energia SA COM NPV | 0.62% | 0.02% | 0.02% |
 ENELAMEnel Americas SA | 0.32% | 0.02% | 0.02% |
 CPFE3CPFL Energia SA COM NPV | 0.86% | 0.02% | 0.02% |
| Goldwind Science & Technology Co Ltd | 1.29% | 0.01% | 0.01% |
| Premier Energies Ltd. INR1 | 0.69% | 0.01% | 0.01% |
 600905China Three Gorges Renewables Group Co Ltd | 1.03% | 0.01% | 0.01% |
 601012LONGi Green Energy Technology Co Ltd | 1.10% | 0.01% | 0.01% |
| NTPC Green Energy Ltd. INR10 | 0.23% | 0.01% | 0.01% |
| Margun Enerji Uretim Sanayi VE Ticaret AS | 0.39% | 0.01% | 0.01% |
 300751Suzhou Maxwell Technologies Co Ltd. A CNY1 | 0.59% | 0.01% | 0.01% |
 600674Sichuan Chuantou Energy Co Ltd | 0.66% | 0.01% | 0.01% |
 AURE3Auren Energia SA | 0.51% | 0.01% | 0.01% |
| Huaneng Lancang River Hydropower Inc | 0.78% | 0.01% | 0.01% |
| GoodWe Technologies Co Ltd | 0.23% | 0.01% | 0.01% |
 688223Jinko Solar Co Ltd | 0.59% | 0.01% | 0.01% |
| Ginlong Technologies Co Ltd | 0.33% | 0.01% | 0.01% |
| CSI Solar Co Ltd | 0.47% | 0.00% | 0.00% |
| Ming Yang Smart Energy Group Ltd | 0.32% | 0.00% | 0.00% |
Frequently Asked Questions
How much do ICLN and SCHE overlap?
ICLN and SCHE overlap by 0.5% of portfolio weight. They share 45 holdings (ICLN holds 123 positions and SCHE holds 2180), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ICLN and SCHE?
The two portfolios are 0.5% 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 SCHE?
The largest positions held by both funds are EQTL3, 600900, SUEL, ENGI11 and WAAREEEN. Together the top 10 shared positions account for 69% of the total overlap.
What does ICLN own that SCHE doesn't?
78 positions (68.8% of ICLN) are unique to ICLN, led by BE, NXT and FSLR. In the other direction, 2135 positions (99.1% of SCHE) are unique to SCHE.