PBW — Invesco WilderHill Clean Energy ETF

PBW Price Performance — Growth of $10,000

Value of a $10,000 investment in PBW over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

PBW Drawdown

The "underwater" chart: PBW's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Invesco WilderHill Clean Energy ETF is a thematic fund issued by Invesco with $383 million in assets under management. It holds a D grade and ranks 13th out of 17 peers in its category, placing it 424th among all tracked ETFs. The expense ratio of 0.64% sits slightly below the category median of 0.68%, while its dividend yield of 1.52% significantly exceeds the median of 0.49%. The fund’s top ten holdings represent 43.4% of assets, with the largest position being the Invesco Private Prime Fund at 18.6%.

Price action shows the fund trading at 31.9% of its 52-week range, reflecting a recent one-day gain of 0.79% after a one-week decline of 0.06%. Short-term momentum has weakened, with a one-month drop of 5.50% and a three-month loss of 21.59%, contrasting with a six-month gain of 3.71%. Over longer horizons, the fund has delivered a one-year return of 29.56%, which is higher than the category median of 28.06%, though it has posted a three-year loss of 4.66%. The ETFValuer grade has remained at D for the last 35 tracked days, and price history is available for only 3.0 years.

The fund exhibits Very High volatility at 44.35% annualized and a beta of 2.05, indicating it moves more than twice as much as the broader market. This heightened sensitivity is reflected in a maximum drawdown of -61.66% and a Sharpe ratio of 0.55. Liquidity is characterized by an average daily volume of 706,057 shares and a bid-ask spread of 2.68%. These metrics collectively describe a record of significant price swings and substantial downside risk.

AI-generated summary based on the data on this page.

PBW Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 43.4% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how PBW's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With PBW

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with PBW's top 10 — RSP overlaps most, holding 3 of the same companies as PBW's top 10 (27.6% of PBW's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.77% (as of 2026-09-03) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 14.32 (as of 2026-09-03) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

PBW Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 2.68% and average daily volume is 706K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $383M provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: PBW is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

PBW Performance History

How PBW Compares to Other Thematic ETFs