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Compare BMO Clean Energy Index ETF (ZCLN) vs iShares Global Clean Energy Index ETF (XCLN) to find the best fit for your portfolio. ZCLN and XCLN provide the same top sector exposures: Industrials, Utilities, and Technology. When evaluating costs, ZCLN features a management fee (MER) of 0.35%, compared to 0.35% for XCLN. Performance-wise, ZCLN has returned 14.78% year-to-date with +$12 M in net flows, whereas XCLN is at 14.86% 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
ZCLN
XCLN
| AuM | $79.51 M | $27.81 M |
| Management Fees | 0.35% | 0.35% |
| Exp. ratio | 0.39% | 0.39% |
| Tracking Difference | - | -0.58% |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZCLN | -11.07% | -2.50% | +14.78% | +41.60% | +7.00% |
XCLN | -10.86% | -2.36% | +14.86% | +41.21% | +6.48% | |
| Flows | ZCLN | +$1 M | +$9 M | +$12 M | +$3 M | -$1 M |
XCLN | +$2 M | +$6 M | +$11 M | +$14 M | +$20 M |
ZCLN vs XCLN exposure
Countries
ZCLN
USA
46.31%
China
18.40%
Other
35.29%
XCLN
USA
46.48%
China
18.16%
Other
35.36%
Sectors
ZCLN
Industrials
57.21%
Utilities
31.99%
Technology
9.34%
XCLN
Industrials
56.96%
Utilities
32.15%
Technology
9.26%
As of July 17, 2026
Top 10 Holdings
ZCLN
Bloom Energy Corp.
12.47%
First Solar, Inc.
9.55%
Nextpower, Inc.
7.45%
Enphase Energy, Inc.
6.08%
China Yangtze Power Co., Ltd.
5.25%
Plug Power, Inc.
3.83%
SolarEdge Technologies, Inc.
2.93%
Vestas Wind Systems A/S
2.67%
Equatorial SA
2.28%
Suzlon Energy Ltd.
2.16%
XCLN
Bloom Energy Corp.
12.16%
First Solar, Inc.
9.57%
Nextpower, Inc.
8.42%
Enphase Energy, Inc.
5.92%
China Yangtze Power Co., Ltd.
5.32%
Plug Power, Inc.
3.65%
SolarEdge Technologies, Inc.
3.02%
Vestas Wind Systems A/S
2.71%
Equatorial SA
2.27%
Suzlon Energy Ltd.
2.13%
Diversification
ZCLN
Total weight of top 10 holdings out of 103 total
54.67%
XCLN
Total weight of top 10 holdings out of 104 total
55.17%
Characteristics
Compare
ZCLN
XCLN
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | S&P Global Clean Energy Transition Index - USD | S&P Global Clean Energy Transition Index Net Composite - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.51% | 0.90% |
| Meets ESG criteria | Yes | Yes |
| Inception Date | January 26, 2020 | April 26, 2022 |
Frequently asked questions about ZCLN and XCLN
Which ETF has performed better year to date: ZCLN or XCLN?
As of July 17, 2026, ZCLN has returned 14.78% year to date, while XCLN has returned 14.86%. XCLN is ahead on YTD performance.
Which ETF is larger by assets under management: ZCLN or XCLN?
As of July 17, 2026, ZCLN manages $79.51 M in assets, while XCLN manages $27.81 M. ZCLN is the larger fund by AUM.
How are ZCLN and XCLN managed?
ZCLN is passively managed by BMO. It tracks the S&P Global Clean Energy Transition Index - USD benchmark. XCLN is passively managed by iShares. It tracks the S&P Global Clean Energy Transition Index Net Composite - CAD benchmark.
What sectors do ZCLN and XCLN emphasize?
ZCLN is most exposed to Industrials, Utilities, and Technology. XCLN is most exposed to Industrials, Utilities, and Technology.
Which ETF is attracting more investor flows: ZCLN or XCLN?
Year to date, ZCLN has seen +$12.30 M in net flows, compared with +$11.30 M for XCLN. ZCLN has attracted more net investor money so far.
How do the fees of ZCLN and XCLN compare?
ZCLN has an expense ratio of 0.39%, while XCLN has an expense ratio of 0.39%.
What are the top holdings of ZCLN and XCLN?
ZCLN's largest holdings include Bloom Energy Corp., First Solar, Inc., and Nextpower, Inc.. XCLN's top holdings include Bloom Energy Corp., First Solar, Inc., and Nextpower, Inc..
Which ETF is more diversified: ZCLN or XCLN?
ZCLN holds 103 securities, while XCLN holds 104. On holdings count, XCLN is the more diversified portfolio.
Recent articles about ZCLN and XCLN
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Posted on 5/29/2026 by Kyle Anthony inEnergy
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