BMO Clean Energy Index ETF (ZCLN) and Harvest Clean Energy ETF (HCLN) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZCLN focuses its top 3 sector exposures on Industrials, Utilities, and Technology, while HCLN leans towards Utilities, Industrials, and Technology. When evaluating costs, ZCLN features a management fee (MER) of 0.35%, compared to 0.4% for HCLN. Performance-wise, ZCLN has returned 3.08% year-to-date with +$11 M in net flows, whereas HCLN is at 12.84% with +$1 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
ZCLN
HCLN
| AuM | $70.52 M | $17.53 M |
| Management Fees | 0.35% | 0.40% |
| Exp. ratio | 0.39% | 0.69% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZCLN | -4.65% | -10.39% | +3.08% | -0.56% | +24.92% |
HCLN | -6.41% | -15.25% | -12.84% | -18.80% | -3.45% | |
| Flows | ZCLN | -$1 M | -$1 M | +$11 M | +$5 M | -$5 M |
HCLN | +$0 M | -$0 M | +$1 M | -$0 M | -$9 M |
ZCLN vs HCLN exposure
Countries
ZCLN
USA
35.99%
China
22.25%
Other
41.76%
HCLN
USA
36.06%
Spain
9.99%
Denmark
8.66%
New Zealand
7.62%
Other
37.66%
Sectors
ZCLN
Industrials
50.59%
Utilities
40.69%
Other
8.72%
HCLN
Utilities
47.25%
Industrials
41.59%
Other
11.16%
As of October 16, 2026
Top 10 Holdings
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%
HCLN
Vestas Wind Systems A/S
3.26%
Cadeler A/S
2.98%
GCL Technology Holdings Ltd.
2.96%
Landis+Gyr Group AG
2.81%
ReNew Energy Global Plc
2.76%
Xinyi Solar Holdings Ltd.
2.72%
Scatec ASA
2.69%
SMA Solar Technology AG
2.67%
VERBUND AG
2.65%
Mercury NZ Ltd.
2.65%
Diversification
ZCLN
Total weight of top 10 holdings out of 102 total
50.33%
HCLN
Total weight of top 10 holdings out of 39 total
28.15%
Characteristics
Compare
ZCLN
HCLN
| Provider | BMO | Harvest Portfolios Group |
| Management | Passively managed | Actively managed |
| Benchmark | S&P Global Clean Energy Transition Index - USD | - |
| Replication Method | Direct (Physical) | - |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.68% | 0.00% |
| Meets ESG criteria | Yes | Yes |
| Inception Date | January 26, 2020 | January 14, 2021 |
Frequently asked questions about ZCLN and HCLN
Which ETF has performed better year to date: ZCLN or HCLN?
As of October 16, 2026, ZCLN has returned 3.08% year to date, while HCLN has returned -12.84%. ZCLN is ahead on YTD performance.
Which ETF is larger by assets under management: ZCLN or HCLN?
As of October 16, 2026, ZCLN manages $70.52 M in assets, while HCLN manages $17.53 M. ZCLN is the larger fund by AUM.
How are ZCLN and HCLN managed?
ZCLN is passively managed by BMO. It tracks the S&P Global Clean Energy Transition Index - USD benchmark. HCLN is actively managed by Harvest Portfolios Group. It does not track an index.
What sectors do ZCLN and HCLN emphasize?
ZCLN is most exposed to Industrials, Utilities, and Technology. HCLN is most exposed to Utilities, Industrials, and Technology.
Which ETF is attracting more investor flows: ZCLN or HCLN?
Year to date, ZCLN has seen +$11.37 M in net flows, compared with +$1.09 M for HCLN. ZCLN has attracted more net investor money so far.
How do the fees of ZCLN and HCLN compare?
ZCLN has an expense ratio of 0.39%, while HCLN has an expense ratio of 0.69%.
What are the top holdings of ZCLN and HCLN?
ZCLN's largest holdings include First Solar, Inc., China Yangtze Power Co., Ltd., and Bloom Energy Corp.. HCLN's top holdings include Vestas Wind Systems A/S, Cadeler A/S, and GCL Technology Holdings Ltd..
Which ETF is more diversified: ZCLN or HCLN?
ZCLN holds 102 securities, while HCLN holds 39. On holdings count, ZCLN is the more diversified portfolio.
Recent articles about ZCLN and HCLN
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