ICLN vs VWO: Holdings Overlap
ICLNiShares Global Clean Energy ETF
iShares · 123 holdings · $2.3B · as of 2026-04-30
VWOVanguard Emerging Markets Stock Index Fund
Vanguard · 5015 holdings · $124.9B · as of 2026-04-30
How similar are ICLN and VWO?
iShares Global Clean Energy ETF (ICLN, by iShares) holds 123 positions; Vanguard Emerging Markets Stock Index Fund (VWO, by Vanguard) holds 5015. They have 64 holdings in common, and by portfolio weight the two funds are 0.6% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 64ICLN holds 123 · VWO holds 5015
- Weight in Shared Holdings
- ICLN 35%·VWO 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
59 of 123 positions (64.4% of the fund) are not held by VWO. Showing the top 30 by weight.
Only in VWO
4951 of 5015 positions (98.7% of the fund) are not held by ICLN. Showing the top 30 by weight.
Sector Breakdown
| Sector | ICLN | VWO |
|---|---|---|
| Industrials | 32.4% | 1.9% |
| Information Technology | 12.3% | 23.7% |
| Utilities | 19.4% | 1.1% |
| Financials | 0.0% | 12.6% |
| Consumer Discretionary | 0.0% | 7.0% |
| Other Sectors | 1.3% | 15.5% |
| Unclassified | 34.0% | 37.4% |
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, 38% of VWO).
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% |
| VWO | +2.7% | +12.6% | +22.3% | +16.6% | +6.6% | +7.9% | 2.29% |
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 VWO →
Shared Holdings(64)
The top 10 shared positions account for 63% of the overlap, led by EQTL3, 600900 and SUEL.
 EQTL3Equatorial SA COM NPV | 2.88% | 0.08% | 0.08% |
|---|---|---|---|
 600900China Yangtze Power Co Ltd | 5.88% | 0.06% | 0.06% |
 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% |
 6WXChina Longyuan Power Group Corp Ltd | 0.84% | 0.02% | 0.02% |
 NHPCNHPC Ltd. INR10 | 0.65% | 0.02% | 0.02% |
 WAAREEENWaaree Energies Ltd. INR10 | 0.78% | 0.02% | 0.02% |
 EGIE3Engie Brasil Energia SA COM NPV | 0.62% | 0.02% | 0.02% |
 CPFE3CPFL Energia SA COM NPV | 0.86% | 0.02% | 0.02% |
 ENELAMEnel Americas SA | 0.32% | 0.02% | 0.02% |
| Goldwind Science & Technology Co Ltd | 1.29% | 0.01% | 0.01% |
 601012LONGi Green Energy Technology Co Ltd | 1.10% | 0.01% | 0.01% |
 600905China Three Gorges Renewables Group Co Ltd | 1.03% | 0.01% | 0.01% |
| Premier Energies Ltd. INR1 | 0.69% | 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% |
 AURE3Auren Energia SA | 0.51% | 0.01% | 0.01% |
| INOX WIND LTD | 0.67% | 0.01% | 0.01% |
 600674Sichuan Chuantou Energy Co Ltd | 0.66% | 0.01% | 0.01% |
 JKSJinkoSolar Holding Co., Ltd., ADR | 0.53% | 0.01% | 0.01% |
| United Renewable Energy Co Ltd/Taiwan | 0.15% | 0.01% | 0.01% |
 300751Suzhou Maxwell Technologies Co Ltd. A CNY1 | 0.59% | 0.01% | 0.01% |
 688223Jinko Solar Co Ltd | 0.59% | 0.01% | 0.01% |
| Sjvn Ltd INR10 | 0.19% | 0.01% | 0.01% |
| TSEC Corp. | 0.44% | 0.00% | 0.00% |
Frequently Asked Questions
How much do ICLN and VWO overlap?
ICLN and VWO overlap by 0.6% of portfolio weight. They share 64 holdings (ICLN holds 123 positions and VWO holds 5015), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ICLN and VWO?
The two portfolios are 0.6% 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 VWO?
The largest positions held by both funds are EQTL3, 600900, SUEL, ENGI11 and 6WX. Together the top 10 shared positions account for 63% of the total overlap.
What does ICLN own that VWO doesn't?
59 positions (64.4% of ICLN) are unique to ICLN, led by BE, NXT and FSLR. In the other direction, 4951 positions (98.7% of VWO) are unique to VWO.