ETEC
iShares Breakthrough Environmental Solutions ETF
ETEC tracks an index of global companies involved in breakthrough innovations addressing climate transition. The fund selects stocks by utilizing an Adoption Curve that contributes to a companys aggregate score (sum of revenue earned from green technology and product innovation score). Holdings are market cap weighted in the index.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 4.3 M
ASSETS UNDER MGMT
47 bp
EXPENSES
Fund Basics
| Inception date | Mar 28, 2023 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Semi-annual |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CONTEMPORARY AMPEREX TECHNOLOGY LT | 6.4 % |
| BORGWARNER INC | 6.0 % |
| KURITA WATER INDUSTRIES LTD | 5.9 % |
| UNIVERSAL DISPLAY CORP | 5.5 % |
| ALLEGRO MICROSYSTEMS, INC. | 5.4 % |
| YASKAWA ELECTRIC CORP | 5.3 % |
| NEXTRACKER, INC. CLASS A | 4.5 % |
| FIRST SOLAR INC | 3.9 % |
| KEMIRA OYJ | 3.8 % |
| ENPHASE ENERGY INC | 3.3 % |
Constituent Breakdown
| Number of holdings | 49 |
| Herfindahl-Hirschman Index | 381 |
| Wgt avg mkt cap (mns) | $45,548 |
| Large cap (>$10bn) | 25.9% |
| Mid cap ($2-10bn) | 51.3% |
| Small cap (<$2bn) | 3.5% |
| Developed mkts. | 68.8% |
| Emerging mkts. | 11.9% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 38.3 % |
 |
JAPAN | 15.6 % |
 |
CHINA | 10.5 % |
 |
FINLAND | 3.8 % |
 |
DENMARK | 3.0 % |
 |
GERMANY | 2.8 % |
 |
TAIWAN | 2.2 % |
 |
SOUTH KOREA | 1.0 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 10.8% | 43.4% | 13.8% | -- | -- | -- | -- | 1.5% |
| Dividend Yield | 0.0% | 0.5% | 0.9% | -- | -- | -- | -- | 2.0% |
| Total Returns | 10.8% | 44.0% | 14.7% | -- | -- | -- | -- | 3.5% | Ann. Volatility | 19.9% | 25.5% | 24.5% | -- | -- | -- | -- | 23.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.01 | 58% |
| MSCI EAFE | 1.19 | 58% |
| MSCI Emg Mkts | 1.17 | 68% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.35% |
Technical Indicators
| 30d moving avg. (EMA) | $26.98 |
| Relative strength (RSI) | 48 |
| MACD/Signal | -0.09/-0.06 |
| Bollinger Bands (Upper/Lower) | $27.65/$25.94 |
| Short interest (% of AUM) | 0.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ETEC |
Expenses vs. ETEC |
ALTAR Score™ vs. ETEC |
|---|---|---|---|---|
| CTEC | Global X CleanTech ETF | 21.3% | +3 bp | -3.8% |
| FRNW | Fidelity Clean Energy ETF | 20.8% | -8 bp | -1.3% |
| QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | 18.3% | +11 bp | -5.0% |
| ERTH | Invesco MSCI Sustainable Future ETF | 17.1% | +15 bp | +0.1% |
| ICLN | iShares Global Clean Energy ETF | 17.1% | -6 bp | -1.3% |
| VCLN | Virtus Duff & Phelps Clean Energy ETF | 16.5% | +12 bp | -0.6% |
| ACES | ALPS Clean Energy ETF | 16.4% | +8 bp | -5.5% |
| CNRG | State Street SPDR S&P Kensho Clean Power ETF | 14.7% | -2 bp | -3.6% |
| TAN | Invesco Solar ETF | 14.4% | +20 bp | +0.6% |
| SMOG | VanEck Low Carbon Energy ETF | 13.9% | +14 bp | -2.0% |
Risk and Returns: ETEC vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/3/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
3.8%
ALTAR SCORE™
39th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 579 funds in the Global Equity category with an average
ALTAR Score™ of 4.6% and a standard deviation
of 2.7%. ETEC's ALTAR Score™ is approximately -0.3 standard
deviations above the category average. This places ETEC in the 39th percentile
among funds in the category.
Sell-Side Consensus
$31.1
PRICE TARGET
+16.3%
UPSIDE