ZCLN.TO
BMO Clean Energy Index ETF
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 86.6 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Inception date | Jan 20, 2021 |
| Regulation | |
| Fund Website | link... |
| Distributions | |
| Currency | CAD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| BLOOM ENERGY CORPORATION CLASS A | 12.4 % |
| NEXTRACKER, INC. CLASS A | 8.1 % |
| FIRST SOLAR INC | 7.7 % |
| CHINA YANGTZE POWER CO LTD-A | 5.4 % |
| ENPHASE ENERGY INC | 4.8 % |
| PLUG POWER INC | 3.7 % |
| VESTAS WIND SYSTEMS A/S | 3.0 % |
| SOLAREDGE TECHNOLOGIES, INC. | 2.6 % |
| EQUATORIAL ENERGIA SA - ORD | 2.4 % |
| SUZLON ENERGY LIMITED | 2.3 % |
Constituent Breakdown
| Number of holdings | 106 |
| Herfindahl-Hirschman Index | 413 |
| Wgt avg mkt cap (mns) | $14,830 |
| Large cap (>$10bn) | 45.4% |
| Mid cap ($2-10bn) | 27.2% |
| Small cap (<$2bn) | 18.4% |
| Developed mkts. | 62.2% |
| Emerging mkts. | 32.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 44.2 % |
 |
CHINA | 18.9 % |
 |
DENMARK | 4.6 % |
 |
BRAZIL | 3.6 % |
 |
INDIA | 3.4 % |
 |
ISRAEL | 2.2 % |
 |
SPAIN | 2.1 % |
 |
JAPAN | 2.1 % |
 |
THAILAND | 2.0 % |
 |
PORTUGAL | 2.0 % |
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 | 44.3% | 84.7% | 25.0% | 8.5% | 3.4% | -- | -- | -4.3% |
| Dividend Yield | 0.0% | 3.1% | 2.4% | 1.9% | 1.4% | -- | -- | 1.2% |
| Total Returns | 44.3% | 87.8% | 27.4% | 10.3% | 4.9% | -- | -- | -3.1% | Ann. Volatility | 30.1% | 27.1% | 24.5% | 24.0% | 25.9% | -- | -- | 27.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.26 | 30% |
| MSCI EAFE | 0.83 | 21% |
| MSCI Emg Mkts | 0.73 | 29% |
Liquidity Measures
| Avg. volume (000) | 19 |
| ADV traded (mns) | $0 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $22.55 |
| Relative strength (RSI) | 67 |
| MACD/Signal | 0.99/0.83 |
| Bollinger Bands (Upper/Lower) | $25.08/$20.92 |
| Short interest (% of AUM) | 0.0% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ZCLN.TO |
Expenses vs. ZCLN.TO |
ALTAR Score™ vs. ZCLN.TO |
|---|---|---|---|---|
| XCLN.TO | iShares Global Clean Energy Index ETF | 92.2% | 0 bp | +0.0% |
| HCLN.TO | Harvest Clean Energy ETF | 27.3% | +5 bp | -0.4% |
Risk and Returns: ZCLN.TO 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 (CAD)
| 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 6/15/2026
Peer Group Comparison
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ETF Research Center Rating
2.0%
ALTAR SCORE™
18th
PERCENTILE
AVOID
ETFRC RATING
There are 727 funds in the Global Equity category with an average
ALTAR Score™ of 4.3% and a standard deviation
of 2.6%. ZCLN.TO's ALTAR Score™ is approximately -0.9 standard
deviations above the category average. This places ZCLN.TO in the 18th percentile
among funds in the category.
Sell-Side Consensus
$22.46
PRICE TARGET
-0.4%
UPSIDE