ICLN vs SPEM: Holdings Overlap
ICLNiShares Global Clean Energy ETF
iShares · 123 holdings · $2.3B · as of 2026-04-30
SPEMState Street® SPDR® Portfolio Emerging Markets ETF
State Street (SPDR) · 2776 holdings · $17.4B · as of 2026-08-06
Holdings snapshots are 98 days apart (ICLN: 2026-04-30, SPEM: 2026-08-06). 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 SPEM?
iShares Global Clean Energy ETF (ICLN, by iShares) holds 123 positions; State Street® SPDR® Portfolio Emerging Markets ETF (SPEM, by State Street (SPDR)) holds 2776. They have 18 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
- 18ICLN holds 123 · SPEM holds 2776
- Weight in Shared Holdings
- ICLN 17%·SPEM 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
105 of 123 positions (82.0% of the fund) are not held by SPEM. Showing the top 30 by weight.
Only in SPEM
2758 of 2776 positions (108.7% of the fund) are not held by ICLN. Showing the top 30 by weight.
Sector Breakdown
| Sector | ICLN | SPEM |
|---|---|---|
| Industrials | 32.4% | 1.5% |
| Information Technology | 12.3% | 25.3% |
| Utilities | 19.4% | 0.9% |
| Financials | 0.0% | 15.1% |
| Consumer Discretionary | 0.0% | 7.0% |
| Other Sectors | 1.3% | 15.6% |
| Unclassified | 34.0% | 43.5% |
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, 40% of SPEM).
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% |
| SPEM | +2.8% | +13.1% | +22.8% | +17.3% | +7.2% | +8.6% | 2.48% |
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 SPEM →
Shared Holdings(18)
The top 10 shared positions account for 89% of the overlap, led by 600900, EQTL3 and EGIE3.
 600900China Yangtze Power Co Ltd | 5.88% | 0.07% | 0.07% |
|---|---|---|---|
 EQTL3Equatorial SA COM NPV | 2.88% | 0.04% | 0.04% |
 EGIE3Engie Brasil Energia SA COM NPV | 0.62% | 0.03% | 0.03% |
 6WXChina Longyuan Power Group Corp Ltd | 0.84% | 0.03% | 0.03% |
 ENELAMEnel Americas SA | 0.32% | 0.02% | 0.02% |
 601012LONGi Green Energy Technology Co Ltd | 1.10% | 0.02% | 0.02% |
 300724Shenzhen S.C New Energy Technology Corp. A CNY1 | 0.29% | 0.01% | 0.01% |
 600905China Three Gorges Renewables Group Co Ltd | 1.03% | 0.01% | 0.01% |
 002459JA Solar Technology Co Ltd | 0.32% | 0.01% | 0.01% |
 JKSJinkoSolar Holding Co., Ltd., ADR | 0.53% | 0.01% | 0.01% |
 300751Suzhou Maxwell Technologies Co Ltd. A CNY1 | 0.59% | 0.01% | 0.01% |
 NHPCNHPC Ltd. INR10 | 0.65% | 0.00% | 0.00% |
 688223Jinko Solar Co Ltd | 0.59% | 0.00% | 0.00% |
 BRENBarito Renewables Energy Tbk PT | 0.43% | 0.00% | 0.00% |
 1798China Datang Corporation Renewable Power Co Ltd. 'H'CNY1 | 0.23% | 0.00% | 0.00% |
 AURE3Auren Energia SA | 0.51% | 0.00% | 0.00% |
 9958Century Iron & Steel Industrial Co Ltd | 0.29% | 0.00% | 0.00% |
 6244MOTECH Industries Inc. | 0.25% | 0.00% | 0.00% |
Frequently Asked Questions
How much do ICLN and SPEM overlap?
ICLN and SPEM overlap by 0.3% of portfolio weight. They share 18 holdings (ICLN holds 123 positions and SPEM holds 2776), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ICLN and SPEM?
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 ICLN and SPEM?
The largest positions held by both funds are 600900, EQTL3, EGIE3, 6WX and ENELAM. Together the top 10 shared positions account for 89% of the total overlap.
What does ICLN own that SPEM doesn't?
105 positions (82.0% of ICLN) are unique to ICLN, led by BE, NXT and FSLR. In the other direction, 2758 positions (108.7% of SPEM) are unique to SPEM.