ICLN vs SPDW: Holdings Overlap
ICLNiShares Global Clean Energy ETF
iShares · 123 holdings · $2.3B · as of 2026-04-30
SPDWState Street® SPDR® Portfolio Developed World ex-US ETF
State Street (SPDR) · 2342 holdings · $40.5B · as of 2026-08-04
Holdings snapshots are 96 days apart (ICLN: 2026-04-30, SPDW: 2026-08-04). 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 SPDW?
iShares Global Clean Energy ETF (ICLN, by iShares) holds 123 positions; State Street® SPDR® Portfolio Developed World ex-US ETF (SPDW, by State Street (SPDR)) holds 2342. They have 19 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
- 19ICLN holds 123 · SPDW holds 2342
- Weight in Shared Holdings
- ICLN 19%·SPDW 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
104 of 123 positions (80.1% of the fund) are not held by SPDW. Showing the top 30 by weight.
Sector Breakdown
| Sector | ICLN | SPDW |
|---|---|---|
| Industrials | 32.4% | 13.2% |
| Financials | 0.0% | 21.9% |
| Utilities | 19.4% | 2.6% |
| Information Technology | 12.3% | 12.6% |
| Health Care | 0.0% | 6.3% |
| Other Sectors | 1.3% | 24.9% |
| Unclassified | 34.0% | 17.3% |
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, 18% of SPDW).
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% |
| SPDW | +3.1% | +17.9% | +30.1% | +19.9% | +10.1% | +10.3% | 2.94% |
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 SPDW →
Shared Holdings(19)
The top 10 shared positions account for 89% of the overlap, led by VWS, EDP and ORSTED.
 VWSVestas Wind Systems A/S | 3.36% | 0.08% | 0.08% |
|---|---|---|---|
 EDPEDP ENERGIAS DE PORTUGAL SA | 2.33% | 0.06% | 0.06% |
 ORSTEDOrsted A/S | 1.83% | 0.04% | 0.04% |
 9502Chubu Electric Power Co Inc. NPV | 2.01% | 0.04% | 0.04% |
 ENLTEnlight Renewable Energy Ltd. | 1.46% | 0.03% | 0.03% |
 VERVerbund AG CLASS'A'NPV | 0.50% | 0.03% | 0.03% |
 BEPCBrookfield Renewable Corporation CL A EX SUB VTG | 0.44% | 0.02% | 0.02% |
 EDPREDP Renewables SA | 0.89% | 0.01% | 0.01% |
 NDX1Nordex SE | 1.09% | 0.01% | 0.01% |
 MELMeridian Energy Ltd. | 0.22% | 0.01% | 0.01% |
 CENContact Energy Ltd | 0.26% | 0.01% | 0.01% |
 SLRSolaria Energia y Medio Ambiente, S.A. | 1.08% | 0.01% | 0.01% |
 BLXBoralex Inc | 0.44% | 0.01% | 0.01% |
 DORLIL-SDoral Group Renewable Energy Resources Ltd. | 0.46% | 0.00% | 0.00% |
 ERGERG SpA | 0.41% | 0.00% | 0.00% |
 CSIQCanadian Solar Inc. | 0.52% | 0.00% | 0.00% |
 A336260Doosan Fuel Cell Co Ltd | 1.27% | 0.00% | 0.00% |
 A112610CS Wind Corp | 0.41% | 0.00% | 0.00% |
 9519RENOVA Inc | 0.22% | 0.00% | 0.00% |
Frequently Asked Questions
How much do ICLN and SPDW overlap?
ICLN and SPDW overlap by 0.4% of portfolio weight. They share 19 holdings (ICLN holds 123 positions and SPDW holds 2342), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ICLN and SPDW?
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 SPDW?
The largest positions held by both funds are VWS, EDP, ORSTED, 9502 and ENLT. Together the top 10 shared positions account for 89% of the total overlap.
What does ICLN own that SPDW doesn't?
104 positions (80.1% of ICLN) are unique to ICLN, led by BE, NXT and FSLR. In the other direction, 2323 positions (98.2% of SPDW) are unique to SPDW.