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
$ 4.9 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 +
| ALLEGRO MICROSYSTEMS, INC. | 7.5 % |
| YASKAWA ELECTRIC CORP | 6.4 % |
| CONTEMPORARY AMPEREX TECHN-H | 6.1 % |
| KURITA WATER INDUSTRIES LTD | 5.7 % |
| BORGWARNER INC | 5.6 % |
| UNIVERSAL DISPLAY CORP | 4.8 % |
| NEXTRACKER, INC. CLASS A | 3.9 % |
| FIRST SOLAR INC | 3.8 % |
| NGK INSULATORS LTD | 3.2 % |
| GE VERONA | 3.2 % |
Constituent Breakdown
| Number of holdings | 49 |
| Herfindahl-Hirschman Index | 355 |
| 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. | 63.5% |
| Emerging mkts. | 22.1% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 37.4 % |
 |
China | 18.4 % |
 |
JAPAN | 17.3 % |
 |
FINLAND | 3.1 % |
 |
DENMARK | 3.0 % |
 |
GERMANY | 2.8 % |
 |
SOUTH KOREA | 1.8 % |
 |
TAIWAN | 1.8 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 16.5% | 61.8% | 17.5% | 5.4% | -- | -- | -- | 3.1% |
| Dividend Yield | 0.0% | 0.6% | 0.9% | 2.0% | -- | -- | -- | 1.9% |
| Total Returns | 16.5% | 62.4% | 18.4% | 7.4% | -- | -- | -- | 5.0% | Ann. Volatility | 23.7% | 21.3% | 24.9% | 24.1% | -- | -- | -- | 24.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.21 | 50% |
| MSCI EAFE | 1.00 | 46% |
| MSCI Emg Mkts | 0.86 | 56% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.33% |
Technical Indicators
| 30d moving avg. (EMA) | $29.10 |
| Relative strength (RSI) | 61 |
| MACD/Signal | 0.76/0.65 |
| Bollinger Bands (Upper/Lower) | $31.20/$27.58 |
| Short interest (% of AUM) | 0.5% |
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. ETEC |
Expenses vs. ETEC |
ALTAR Score™ vs. ETEC |
|---|---|---|---|---|
| CTEC | Global X CleanTech ETF | 24.6% | +3 bp | -3.4% |
| FRNW | Fidelity Clean Energy ETF | 21.0% | -8 bp | -1.2% |
| ERTH | Invesco MSCI Sustainable Future ETF | 20.3% | +15 bp | +0.4% |
| FDRV | Fidelity Electric Vehicles and Future Transportation ETF | 17.5% | -8 bp | -1.6% |
| QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | 17.2% | +11 bp | -4.3% |
| SMOG | VanEck Low Carbon Energy ETF | 17.0% | +14 bp | -1.7% |
| ICLN | iShares Global Clean Energy ETF | 16.6% | -6 bp | -1.3% |
| VCLN | Virtus Duff & Phelps Clean Energy ETF | 15.9% | +12 bp | -0.7% |
| IDRV | iShares Self-driving EV & Tech ETF | 14.5% | 0 bp | -1.5% |
| ACES | ALPS Clean Energy ETF | 14.2% | +8 bp | -4.8% |
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 5/25/2026
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
3.3%
ALTAR SCORE™
34th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 713 funds in the Global Equity category with an average
ALTAR Score™ of 4.3% and a standard deviation
of 2.6%. ETEC's ALTAR Score™ is approximately -0.4 standard
deviations above the category average. This places ETEC in the 34th percentile
among funds in the category.
Sell-Side Consensus
$32.12
PRICE TARGET
+4.1%
UPSIDE