PBD
Invesco Global Clean Energy ETF
Invesco Global Clean Energy Portfolio seeks to track the investment performance of the WilderHill New Energy Global Innovation Index, a modified equal-weighted index.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
92.4 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 13, 2007 |
| Assets (mns) | $92 |
| Expense ratio | 75 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| PLUG POWER INC | 1.8 % |
| SES AI CORPORATION CLASS A | 1.6 % |
| TECO ELECTRIC & MACHINERY | 1.6 % |
| BLOOM ENERGY CORPORATION CLASS A | 1.6 % |
| EOS ENERGY ENTERPRISES, INC. CLASS A | 1.5 % |
| DONG ENERGY A/S | 1.5 % |
| SHOALS TECHNOLOGIES GROUP, INC. CLASS A | 1.4 % |
| SUNRUN INC. | 1.4 % |
| CALB GROUP CO LTD | 1.4 % |
| QUANTUMSCAPE CORPORATION CLASS A | 1.4 % |
Constituent Breakdown
| Number of holdings | 104 |
| Herfindahl-Hirschman Index | 96 |
| Wgt avg mkt cap (mns) | $6,703 |
| Large cap (>$10bn) | 18.9% |
| Mid cap ($2-10bn) | 35.8% |
| Small cap (<$2bn) | 36.9% |
| Developed mkts. | 63.7% |
| Emerging mkts. | 29.4% |
Country Exposure
 |
UNITED STATES | 24.6 % |
 |
TAIWAN | 10.8 % |
 |
CHINA | 10.4 % |
 |
SOUTH KOREA | 7.5 % |
 |
JAPAN | 5.2 % |
 |
SPAIN | 4.3 % |
 |
GERMANY | 3.3 % |
 |
DENMARK | 3.3 % |
 |
FRANCE | 3.1 % |
 |
CANADA | 2.8 % |
Historical Performance
Standardized Performance (as of 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 39.9% | 31.1% | 5.1% | -8.1% | -11.7% | 3.7% | -- | -2.4% |
| Dividend Yield | 1.1% | 1.0% | 1.7% | 1.9% | 1.4% | 1.8% | -- | 1.3% |
| Total Returns | 41.0% | 32.1% | 6.8% | -6.2% | -10.2% | 5.5% | -- | -1.1% | Ann. Volatility | 26.5% | 26.2% | 25.9% | 25.5% | 29.8% | 27.2% | -- | 30.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.94 | 49% |
| MSCI EAFE | 1.13 | 50% |
| MSCI Emg Mkts | 1.19 | 64% |
Liquidity Measures
| Avg. volume (000) | 263 |
| ADV traded (mns) | $4 |
| Turnover | 4.7% |
| Avg. Bid/Ask (% of price) | 0.43% |
Technical Indicators
| 30d moving avg. (EMA) | $16.06 |
| Relative strength (RSI) | 54 |
| MACD/Signal | -0.05/-0.06 |
| Bollinger Bands (Upper/Lower) | $17.16/$15.11 |
| Short interest (% of AUM) | 0.2% |
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. PBD |
Expenses vs. PBD |
ALTAR Score™ vs. PBD |
|---|---|---|---|---|
| FRNW | Fidelity Clean Energy ETF | 32.1% | -36 bp | +2.3% |
| PBW | Invesco WilderHill Clean Energy ETF | 23.7% | -9 bp | -2.9% |
| CTEC | Global X CleanTech ETF | 21.9% | -25 bp | +0.7% |
| SMOG | VanEck Low Carbon Energy ETF | 21.3% | -14 bp | +1.5% |
| TAN | Invesco Solar ETF | 20.2% | -8 bp | +5.7% |
| ICLN | iShares Global Clean Energy ETF | 19.3% | -34 bp | +3.1% |
| ERTH | Invesco MSCI Sustainable Future ETF | 16.0% | -13 bp | +3.4% |
| RNRG | Global X Renewable Energy Producers ETF | 15.3% | -9 bp | +5.3% |
| ACES | ALPS Clean Energy ETF | 14.8% | -20 bp | -2.5% |
| QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | 14.1% | -17 bp | -1.9% |
Risk and Returns: PBD 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | |
| 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 12/12/2025
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
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
PBD
0.8%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 383 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
3.1%. PBD's ALTAR Score™ is approximately
1.1 standard deviations
below
the category average. This places PBD in the 14th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PBDSELL
U/W
HOLD
O/W
BUY