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
$ 144.6 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 +
| ENPHASE ENERGY INC | 6.5 % |
| FIRST SOLAR INC | 6.2 % |
| PLUG POWER INC | 6.0 % |
| NEXTRACKER, INC. CLASS A | 5.9 % |
| ORMAT TECHNOLOGIES INC | 4.8 % |
| BROOKFIELD RENEWABLE PARTNERS LP | 4.7 % |
| HANNON ARMSTRONG SUSTAINABLE | 4.4 % |
| TESLA MOTORS INC | 4.2 % |
| NORTHLAND POWER INC | 4.2 % |
| SUNRUN INC. | 4.2 % |
Constituent Breakdown
| Number of holdings | 34 |
| Herfindahl-Hirschman Index | 390 |
| Wgt avg mkt cap (mns) | $68,796 |
| Large cap (>$10bn) | 25.4% |
| Mid cap ($2-10bn) | 45.3% |
| Small cap (<$2bn) | 25.9% |
| Developed mkts. | 97.3% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 82.9 % |
 |
CANADA | 8.9 % |
 |
BERMUDA | 4.7 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 29.3% | 72.6% | 15.2% | -1.2% | -9.5% | -- | -- | 6.6% |
| Dividend Yield | 0.0% | 1.3% | 1.1% | 1.0% | 0.8% | -- | -- | 1.0% |
| Total Returns | 29.4% | 73.8% | 16.2% | -0.2% | -8.7% | -- | -- | 7.7% | Ann. Volatility | 33.0% | 32.3% | 33.0% | 34.1% | 36.1% | -- | -- | 35.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.73 | 40% |
| MSCI EAFE | 1.10 | 26% |
| MSCI Emg Mkts | 0.95 | 34% |
Liquidity Measures
| Avg. volume (000) | 101 |
| ADV traded (mns) | $4 |
| Turnover | 2.9% |
| Avg. Bid/Ask (% of price) | 0.38% |
Technical Indicators
| 30d moving avg. (EMA) | $37.57 |
| Relative strength (RSI) | 66 |
| MACD/Signal | 1.54/1.13 |
| Bollinger Bands (Upper/Lower) | $41.90/$34.11 |
| Short interest (% of AUM) | 0.7% |
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 | 37.1% | +3 bp | +0.5% |
| TAN | Invesco Solar ETF | 33.8% | +12 bp | +4.7% |
| CNRG | State Street SPDR S&P Kensho Clean Power ETF | 32.7% | -10 bp | +1.5% |
| CTEC | Global X CleanTech ETF | 31.2% | -5 bp | +1.4% |
| PBW | Invesco WilderHill Clean Energy ETF | 29.2% | +11 bp | -0.5% |
| FRNW | Fidelity Clean Energy ETF | 28.0% | -16 bp | +3.5% |
| WATS | Corgi Battery Energy Storage Systems ETF | 27.6% | -20 bp | -0.7% |
| ICLN | iShares Global Clean Energy ETF | 27.0% | -14 bp | +3.4% |
| VCLN | Virtus Duff & Phelps Clean Energy ETF | 24.4% | +4 bp | +4.0% |
| RNRG | Global X Renewable Energy Producers ETF | 20.6% | +11 bp | +5.6% |
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 6/1/2026
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
-1.5%
ALTAR SCORE™
1st
PERCENTILE
AVOID
ETFRC RATING
There are 1,400 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. ACES's ALTAR Score™ is approximately -3.2 standard
deviations above the category average. This places ACES in the 1st percentile
among funds in the category.
Sell-Side Consensus
$43.64
PRICE TARGET
+4.6%
UPSIDE