VCLN
Virtus Duff & Phelps Clean Energy ETF
VCLN is an actively managed fund that invests in clean energy companies from around the world.
Global
EQUITY
Active
MANAGEMENT STYLE
5.2 M
ASSETS UNDER MGMT
59 bp
EXPENSES
Fund Basics
| Fund sponsor | Virtus Investment Partners |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 03, 2021 |
| Assets (mns) | $5 |
| Expense ratio | 59 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| FIRST SOLAR INC | 9.0 % |
| IBERDROLA SA | 8.6 % |
| SSE PLC | 7.6 % |
| VESTAS WIND SYSTEMS A/S | 6.9 % |
| NEXTRACKER, INC. CLASS A | 5.6 % |
| MP MATERIALS CORP CLASS A | 4.9 % |
| EDP-ENERGIAS DE PORTUGAL SA | 4.7 % |
| SUNGROW POWER SUPPLY CO., LTD. CLASS A | 4.3 % |
| CHUBU ELECTRIC POWER CO INC | 4.1 % |
| FORTUM OYJ | 4.1 % |
Constituent Breakdown
| Number of holdings | 46 |
| Herfindahl-Hirschman Index | 554 |
| Wgt avg mkt cap (mns) | $45,289 |
| Large cap (>$10bn) | 97.3% |
| Mid cap ($2-10bn) | 29.3% |
| Small cap (<$2bn) | 0.7% |
| Developed mkts. | 117.9% |
| Emerging mkts. | 11.2% |
Country Exposure
 |
UNITED STATES | 49.2 % |
 |
SPAIN | 15.1 % |
 |
BRITAIN | 13.3 % |
 |
DENMARK | 8.1 % |
 |
BRAZIL | 7.0 % |
 |
ITALY | 6.4 % |
 |
PORTUGAL | 4.7 % |
 |
CHINA | 4.3 % |
 |
JAPAN | 4.1 % |
 |
FINLAND | 4.1 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 53.0% | 41.6% | 28.0% | 6.0% | -- | -- | -- | 0.0% |
| Dividend Yield | 1.5% | 2.2% | 1.6% | 1.2% | -- | -- | -- | 0.9% |
| Total Returns | 54.5% | 43.8% | 29.7% | 7.1% | -- | -- | -- | 0.9% | Ann. Volatility | 26.5% | 26.0% | 24.1% | 24.1% | -- | -- | -- | 26.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.16 | 39% |
| MSCI EAFE | 0.87 | 29% |
| MSCI Emg Mkts | 0.66 | 19% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 5.16% |
Technical Indicators
| 30d moving avg. (EMA) | $25.34 |
| Relative strength (RSI) | 50 |
| MACD/Signal | 0.09/0.38 |
| Bollinger Bands (Upper/Lower) | $27.21/$24.45 |
| Short interest (% of AUM) | 0.6% |
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. VCLN |
Expenses vs. VCLN |
ALTAR Score™ vs. VCLN |
|---|---|---|---|---|
| ICLN | iShares Global Clean Energy ETF | 46.8% | -18 bp | +3.2% |
| FRNW | Fidelity Clean Energy ETF | 38.6% | -20 bp | +2.3% |
| QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | 26.5% | -1 bp | -1.9% |
| SMOG | VanEck Low Carbon Energy ETF | 26.3% | +2 bp | +1.6% |
| CTEC | Global X CleanTech ETF | 26.2% | -9 bp | +0.6% |
| TAN | Invesco Solar ETF | 25.0% | +8 bp | +5.9% |
| RNWZ | TrueShares Eagle Global Renewable Energy Income ETF | 22.2% | +16 bp | +7.0% |
| FAN | First Trust Global Wind Energy ETF | 21.5% | +1 bp | +4.1% |
| OCEN | IQ Clean Oceans ETF | 21.1% | -14 bp | +5.1% |
| ACES | ALPS Clean Energy ETF | 20.9% | -4 bp | -2.6% |
Risk and Returns: VCLN 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 11/28/2025
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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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
VCLN
3.9%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 378 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
3.1%. VCLN's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places VCLN in the 46th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
VCLNSELL
U/W
HOLD
O/W
BUY
Bid/Ask Spreads
516 bp
AVG SPREAD
275 —
703 bp
RANGE