IBAT vs. VCLN ETF Comparison

Comparison of iShares Energy Storage & Materials ETF (IBAT) to Virtus Duff & Phelps Clean Energy ETF (VCLN)

IBAT

iShares Energy Storage & Materials ETF

IBAT Description

The index measures the performance of equity securities of companies involved in energy storage solutions aiming to support the transition to a low carbon economy, including hydrogen, fuel cells, and batteries as determined by STOXX Ltd. The fund generally will invest at least 90% of its assets in the component securities of its index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.93

Average Daily Volume

359

Number of Holdings ^*

* may have additional holdings in another (foreign) market

VCLN

Virtus Duff & Phelps Clean Energy ETF

VCLN Description

The investment seeks capital appreciation. Under normal market conditions, the fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of clean energy companies. The sub-adviser defines clean energy companies as those that derive at least 50% of their value from one or more of the following clean energy businesses: (a) the production of clean energy; (b) the provision of clean energy technology and equipment; or (c) the transmission and distribution of clean energy. It is non-diversified.

Grade (RS Rating)

Last Trade

$19.93

Average Daily Volume

550

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IBAT	VCLN
30 Days	7.88%	5.76%
60 Days	8.97%	7.75%
90 Days	10.38%	13.93%
12 Months		17.86%

5 Overlapping Holdings

Symbol	Grade	Weight in IBAT	Weight in VCLN	Overlap
BE	F	1.36%	1.1%	1.1%
ENPH	D	4.92%	8.33%	4.92%
FLNC	C	0.87%	1.75%	0.87%
PLUG	F	0.94%	0.49%	0.49%
SEDG	F	0.71%	0.59%	0.59%

IBAT Overweight 11 Positions Relative to VCLN

Symbol	Grade	Weight
APD	B	6.03%
ETN	C	3.15%
LIN	B	2.94%
ENS	C	2.52%
DOW	C	1.32%
QS	F	1.23%
CHPT	F	0.33%
FCEL	F	0.13%
NOK	B	0.0%
HKD	C	0.0%
CNH	C	0.0%

IBAT Underweight 17 Positions Relative to VCLN

Symbol	Grade	Weight
FSLR	C	-8.87%
ED	B	-6.25%
NEE	B	-3.45%
RUN	D	-2.56%
CWEN	A	-2.46%
AES	C	-2.23%
SO	B	-2.16%
AGX	B	-1.81%
DTM	C	-1.46%
LNG	D	-1.45%
ABBV	B	-1.42%
GEV	B	-1.19%
ETR	A	-1.15%
XYL	C	-1.02%
TEL	D	-0.91%
CEG	C	-0.75%
ARRY	F	-0.61%