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Compare iShares Global Clean Energy Index ETF (XCLN) vs BMO Clean Energy Index ETF (ZCLN) to find the best fit for your portfolio. XCLN and ZCLN provide the same top sector exposures: Industrials, Utilities, and Technology. When evaluating costs, XCLN features a management fee (MER) of 0.35%, compared to 0.35% for ZCLN. Performance-wise, XCLN has returned 3.48% year-to-date with +$14 M in net flows, whereas ZCLN is at 3.08% with +$11 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
XCLN
ZCLN
| AuM | $27.95 M | $70.52 M |
| Management Fees | 0.35% | 0.35% |
| Exp. ratio | 0.38% | 0.39% |
| Tracking Difference | -0.41% | - |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XCLN | -4.23% | -10.12% | +3.48% | -0.48% | +24.58% |
ZCLN | -4.65% | -10.39% | +3.08% | -0.56% | +24.92% | |
| Flows | XCLN | +$1 M | +$3 M | +$14 M | +$16 M | +$23 M |
ZCLN | -$1 M | -$1 M | +$11 M | +$5 M | -$5 M |
XCLN vs ZCLN exposure
Countries
XCLN
USA
35.35%
China
22.28%
Other
42.37%
ZCLN
USA
35.99%
China
22.25%
Other
41.76%
Sectors
XCLN
Industrials
50.08%
Utilities
40.96%
Other
8.97%
ZCLN
Industrials
50.59%
Utilities
40.69%
Other
8.72%
As of October 16, 2026
Top 10 Holdings
XCLN
First Solar, Inc.
7.89%
China Yangtze Power Co., Ltd.
7.77%
Bloom Energy Corp.
7.11%
Nextpower, Inc.
6.55%
Vestas Wind Systems A/S
4.58%
Enphase Energy, Inc.
4.56%
Equatorial SA
3.14%
EDP SA
2.92%
Plug Power, Inc.
2.86%
Chubu Electric Power Co., Inc.
2.67%
ZCLN
First Solar, Inc.
7.94%
China Yangtze Power Co., Ltd.
7.71%
Bloom Energy Corp.
7.22%
Nextpower, Inc.
6.79%
Enphase Energy, Inc.
4.64%
Vestas Wind Systems A/S
4.49%
Equatorial SA
3.12%
EDP SA
2.91%
Plug Power, Inc.
2.89%
Chubu Electric Power Co., Inc.
2.63%
Diversification
XCLN
Total weight of top 10 holdings out of 102 total
50.06%
ZCLN
Total weight of top 10 holdings out of 102 total
50.33%
Characteristics
Compare
XCLN
ZCLN
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P Global Clean Energy Transition Index Net Composite - CAD | S&P Global Clean Energy Transition Index - USD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.99% | 1.68% |
| Meets ESG criteria | Yes | Yes |
| Inception Date | April 26, 2022 | January 26, 2020 |
Frequently asked questions about XCLN and ZCLN
Which ETF has performed better year to date: XCLN or ZCLN?
As of October 16, 2026, XCLN has returned 3.48% year to date, while ZCLN has returned 3.08%. XCLN is ahead on YTD performance.
Which ETF is larger by assets under management: XCLN or ZCLN?
As of October 16, 2026, XCLN manages $27.95 M in assets, while ZCLN manages $70.52 M. ZCLN is the larger fund by AUM.
How are XCLN and ZCLN managed?
XCLN is passively managed by iShares. It tracks the S&P Global Clean Energy Transition Index Net Composite - CAD benchmark. ZCLN is passively managed by BMO. It tracks the S&P Global Clean Energy Transition Index - USD benchmark.
What sectors do XCLN and ZCLN emphasize?
XCLN is most exposed to Industrials, Utilities, and Technology. ZCLN is most exposed to Industrials, Utilities, and Technology.
Which ETF is attracting more investor flows: XCLN or ZCLN?
Year to date, XCLN has seen +$14.40 M in net flows, compared with +$11.37 M for ZCLN. XCLN has attracted more net investor money so far.
How do the fees of XCLN and ZCLN compare?
XCLN has an expense ratio of 0.38%, while ZCLN has an expense ratio of 0.39%.
What are the top holdings of XCLN and ZCLN?
XCLN's largest holdings include First Solar, Inc., China Yangtze Power Co., Ltd., and Bloom Energy Corp.. ZCLN's top holdings include First Solar, Inc., China Yangtze Power Co., Ltd., and Bloom Energy Corp..
Which ETF is more diversified: XCLN or ZCLN?
XCLN holds 102 securities, while ZCLN holds 102. On holdings count, XCLN is the more diversified portfolio.
Recent articles about XCLN and ZCLN
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