ACES
ALPS Clean Energy ETF
ACES tracks an index of US- and Canada-listed companies in the clean energy industry.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 93.4 M
ASSETS UNDER MGMT
55 bp
EXPENSES
Fund Basics
| Inception date | Jun 27, 2018 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NEXTRACKER, INC. CLASS A | 6.9 % |
| CLEARWAY ENERGY, INC. CLASS C | 5.9 % |
| NORTHLAND POWER INC | 5.9 % |
| ITRON INC | 5.6 % |
| BROOKFIELD RENEWABLE PARTNERS LP | 5.5 % |
| HANNON ARMSTRONG SUSTAINABLE | 5.3 % |
| FIRST SOLAR INC | 5.3 % |
| TESLA MOTORS INC | 5.2 % |
| ORMAT TECHNOLOGIES INC | 4.8 % |
| RIVIAN AUTOMOTIVE INC-A | 4.7 % |
Constituent Breakdown
| Number of holdings | 33 |
| Herfindahl-Hirschman Index | 423 |
| Wgt avg mkt cap (mns) | $83,773 |
| Large cap (>$10bn) | 26.2% |
| Mid cap ($2-10bn) | 46.2% |
| Small cap (<$2bn) | 25.4% |
| Developed mkts. | 97.7% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 85.6 % |
 |
CANADA | 6.6 % |
 |
BERMUDA | 5.5 % |
Historical Performance
Standardized Performance (as of 10/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -20.0% | -26.2% | -3.4% | -4.2% | -20.0% | -- | -- | 0.3% |
| Dividend Yield | 0.3% | 0.4% | 0.7% | 0.8% | 0.7% | -- | -- | 1.0% |
| Total Returns | -19.7% | -25.8% | -2.7% | -3.4% | -19.3% | -- | -- | 1.3% | Ann. Volatility | 33.4% | 33.4% | 33.2% | 34.5% | 36.7% | -- | -- | 35.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.82 | 48% |
| MSCI EAFE | 1.31 | 38% |
| MSCI Emg Mkts | 0.89 | 45% |
Liquidity Measures
| Avg. volume (000) | 16 |
| ADV traded (mns) | $0 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.19% |
Technical Indicators
| 30d moving avg. (EMA) | $27.17 |
| Relative strength (RSI) | 47 |
| MACD/Signal | -0.18/-0.48 |
| Bollinger Bands (Upper/Lower) | $27.86/$25.00 |
| Short interest (% of AUM) | 2.3% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ACES |
Expenses vs. ACES |
ALTAR Score™ vs. ACES |
|---|---|---|---|---|
| QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | 39.0% | +4 bp | -0.6% |
| TAN | Invesco Solar ETF | 33.7% | +15 bp | +4.0% |
| PBW | Invesco WilderHill Clean Energy ETF | 30.0% | +8 bp | -3.9% |
| CNRG | State Street SPDR S&P Kensho Clean Power ETF | 29.6% | -10 bp | +0.5% |
| ICLN | iShares Global Clean Energy ETF | 24.5% | -17 bp | +3.7% |
| FRNW | Fidelity Clean Energy ETF | 24.3% | -16 bp | +3.5% |
| WATS | Corgi Battery Energy Storage Systems ETF | 22.7% | -20 bp | -2.9% |
| VCLN | Virtus Duff & Phelps Clean Energy ETF | 21.9% | +11 bp | +3.3% |
| ETEC | iShares Breakthrough Environmental Solutions ETF | 18.9% | -8 bp | +2.6% |
| RNRG | Global X Renewable Energy Producers ETF | 18.4% | +10 bp | +4.8% |
Risk and Returns: ACES 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 11/10/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
-0.3%
ALTAR SCORE™
1st
PERCENTILE
AVOID
ETFRC RATING
There are 1,395 funds in the US Equity category with an average
ALTAR Score™ of 5.6% and a standard deviation
of 2.1%. ACES's ALTAR Score™ is approximately -2.8 standard
deviations above the category average. This places ACES in the 1st percentile
among funds in the category.
Sell-Side Consensus
$37.33
PRICE TARGET
+34.1%
UPSIDE