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
82.1 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) | $82 |
| 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 +
| GEVO INC | 3.0 % |
| EOS ENERGY ENTERPRISES, INC. CLASS A | 2.0 % |
| ARCHER AVIATION INC CLASS A | 1.9 % |
| RENEWABLE ENERGY CORP AS | 1.6 % |
| BLOOM ENERGY CORPORATION CLASS A | 1.6 % |
| PLUG POWER INC | 1.3 % |
| LUCID GROUP, INC. | 1.3 % |
| BALLARD POWER SYSTEMS INC | 1.3 % |
| SINO-AMERICAN SILICON PRODUC | 1.2 % |
| RIVIAN AUTOMOTIVE INC-A | 1.2 % |
Constituent Breakdown
| Number of holdings | 107 |
| Herfindahl-Hirschman Index | 107 |
| Wgt avg mkt cap (mns) | $4,539 |
| Large cap (>$10bn) | 15.6% |
| Mid cap ($2-10bn) | 37.3% |
| Small cap (<$2bn) | 45.2% |
| Developed mkts. | 73.1% |
| Emerging mkts. | 27.0% |
Country Exposure
 |
UNITED STATES | 28.2 % |
 |
TAIWAN | 10.4 % |
 |
CHINA | 7.7 % |
 |
SOUTH KOREA | 7.0 % |
 |
JAPAN | 5.0 % |
 |
CANADA | 4.5 % |
 |
NORWAY | 4.0 % |
 |
FRANCE | 4.0 % |
 |
GERMANY | 3.6 % |
 |
SPAIN | 3.1 % |
Historical Performance
Standardized Performance (as of 12/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -26.7% | -26.7% | -19.0% | -22.7% | -2.5% | 1.8% | -3.3% | Volatility | 23.7% | 25.6% | 25.5% | 30.2% | 33.0% | 26.5% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.35 | 56% |
| MSCI EAFE | 1.46 | 64% |
| MSCI Emg Mkts | 1.28 | 50% |
Liquidity Measures
| Avg. volume (000) | 65 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.42% |
| ADV of underlying (mns) | $6,951 |
Technical Indicators
| Recent close | $11.70 |
| 30d moving avg. | $11.94 |
| Annualized volatility | 31.6% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.5% |
| Short interest (underlying) | 0.0% |
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 | 31.7% | -36 bp | +8.1% |
| PBW | Invesco WilderHill Clean Energy ETF | 26.2% | -9 bp | -8.3% |
| CTEC | Global X CleanTech ETF | 22.0% | -25 bp | +7.1% |
| TAN | Invesco Solar ETF | 21.1% | -8 bp | +14.2% |
| SMOG | VanEck Low Carbon Energy ETF | 19.8% | -14 bp | +7.1% |
| BATT | Amplify Lithium & Battery Technology ETF | 19.6% | -16 bp | +4.2% |
| ACES | ALPS Clean Energy ETF | 18.3% | -20 bp | -0.7% |
| QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | 15.6% | -17 bp | +1.3% |
| ICLN | iShares Global Clean Energy ETF | 15.3% | -34 bp | +10.6% |
| CNRG | SPDR S&P Kensho Clean Power ETF | 14.7% | -30 bp | +2.7% |
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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 1/21/2025
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
PBD
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
-4.5%
Cat. Avg
4.0%
ALTAR Score™ Calculation
Category Overview
There are 374 funds in the Global Equity category, with an average ALTAR Score™
of 4.0% and a standard deviation of
4.5%. PBD's ALTAR Score™ is approximately
1.9 standard deviations
below
the category average. This places PBD in the 3rd 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
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| PBD (75 bp) Percentile rank | 87 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PBD | 75.0 | 41.5 | 116.5 |
| Peer Avg. | 45.0 | 21.6 | 66.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .