PBW vs SPY
Comparison between INVESCO WILDERHILL CLEAN ENERGY ETF (PBW, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed PBW, delivering a return of +12.4% compared to -14.4%
PBW vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PBW
$485M
Winner
SPY
$781B
Expense Ratio
PBW
0.64%
Winner
SPY
0.09%
Max Drawdown
PBW
90.65%
Winner
SPY
56.47%
Sharpe Ratio
PBW
0.84
Winner
SPY
1.12
5Y Beta
PBW
1.63
Winner
SPY
1.00
P/E Ratio
Winner
PBW
-21.09
SPY
28.53
Forward P/E
Winner
PBW
14.46
SPY
21.47
5Y Dividends CAGR
PBW
-6.98%
Winner
SPY
6.00%
5Y EPS CAGR
PBW
15.31%
Winner
SPY
25.58%
Debt to Equity
PBW
140.15%
Winner
SPY
32.09%
P/S Ratio
Winner
PBW
0.54
SPY
3.75
P/B Ratio
Winner
PBW
2.17
SPY
5.64
PBW vs SPY - Holdings Comparison
PBW and SPY have 6 common holdings. Overlap is 1.85%
PBW's top 25 holdings weight is 39.96%. SPY's top 25 holdings weight is 51.74%.
| Rank | PBW | SPY |
|---|---|---|
| #1 | RIVIAN AUTOMOTIVE INC CLASS A (RIVN) - 1.91% | NVIDIA CORP (NVDA) - 7.89% |
| #2 | OPAL FUELS INC ORDINARY SHARES CLASS A (OPAL) - 1.89% | APPLE INC (AAPL) - 7.37% |
| #3 | FUELCELL ENERGY INC (FCEL) - 1.83% | MICROSOFT CORP (MSFT) - 4.50% |
| #4 | n/a (BETA) - 1.83% | AMAZON.COM INC (AMZN) - 3.82% |
| #5 | IONEER LTD ADR (IONR) - 1.81% | ALPHABET INC CLASS A (GOOGL) - 3.33% |
| #6 | DARLING INGREDIENTS INC (DAR) - 1.69% | BROADCOM INC (AVGO) - 2.86% |
| #7 | AXIA ENERGIA ADR (AXIA) - 1.68% | ALPHABET INC CLASS C (GOOG) - 2.68% |
| #8 | REX AMERICAN RESOURCES CORP (REX) - 1.63% | META PLATFORMS INC CLASS A (META) - 2.29% |
| #9 | CADELER AS ADR (CDLR) - 1.62% | TESLA INC (TSLA) - 1.70% |
| #10 | ITRON INC (ITRI) - 1.62% | MICRON TECHNOLOGY INC (MU) - 1.56% |
| #11 | GEVO INC (GEVO) - 1.58% | JPMORGAN CHASE & CO (JPM) - 1.42% |
| #12 | TESLA INC (TSLA) - 1.54% | ELI LILLY AND CO (LLY) - 1.40% |
| #13 | GENTHERM INC CLASS A (THRM) - 1.53% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #14 | XPENG INC ADR (XPEV) - 1.52% | ADVANCED MICRO DEVICES INC (AMD) - 1.32% |
| #15 | PLUG POWER INC (PLUG) - 1.51% | EXXONMOBIL HOLDINGS CORP (XOM) - 0.92% |
| #16 | CANADIAN SOLAR INC (CSIQ) - 1.51% | JOHNSON & JOHNSON (JNJ) - 0.91% |
| #17 | EVGO INC CLASS A (EVGO) - 1.50% | VISA INC CLASS A (V) - 0.90% |
| #18 | ESCO TECHNOLOGIES INC (ESE) - 1.50% | WALMART INC (WMT) - 0.76% |
| #19 | n/a (SQM) - 1.47% | INTEL CORP (INTC) - 0.75% |
| #20 | n/a (QS) - 1.47% | APPLIED MATERIALS INC (AMAT) - 0.70% |
| #21 | NIO INC ADR (NIO) - 1.47% | CISCO SYSTEMS INC (CSCO) - 0.68% |
| #22 | JINKOSOLAR HOLDING CO LTD DR (JKS) - 1.47% | MASTERCARD INC CLASS A (MA) - 0.66% |
| #23 | ARCHER AVIATION INC CLASS A (ACHR) - 1.46% | ABBVIE INC (ABBV) - 0.66% |
| #24 | SIGMA LITHIUM CORP (SGML) - 1.46% | CATERPILLAR INC (CAT) - 0.65% |
| #25 | NEXTPOWER INC CLASS A (NXT) - 1.46% | LAM RESEARCH CORP (LRCX) - 0.64% |
| Total Holdings | 74 | 505 |
PBW vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
PBW
-14.65%
Winner
SPY
+0.63%
3M
PBW
-10.28%
Winner
SPY
+4.46%
6M
PBW
-6.86%
Winner
SPY
+7.67%
1Y
Winner
PBW
+36.73%
SPY
+17.68%
5Y(CAGR)
PBW
-14.43%
Winner
SPY
+12.42%
10Y(CAGR)
PBW
+7.35%
Winner
SPY
+14.84%
Max(CAGR)
PBW
-2.43%
Winner
SPY
+8.44%
PBW vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | PBW | SPY |
|---|---|---|
| 2026 | +3.36% | +8.63% |
| 2025 | +47.45% | +18.00% |
| 2024 | -28.81% | +25.59% |
| 2023 | -17.97% | +26.72% |
| 2022 | -45.69% | -18.64% |
| 2021 | -30.10% | +30.52% |
| 2020 | +199.41% | +17.28% |
| 2019 | +60.55% | +31.09% |
| 2018 | -15.63% | -5.24% |
| 2017 | +38.77% | +20.78% |
| 2016 | -18.98% | +13.59% |
| 2015 | -8.61% | +1.31% |
| 2014 | -17.37% | +14.56% |
| 2013 | +54.06% | +29.00% |
| 2012 | -19.28% | +14.17% |
| 2011 | -51.25% | +0.85% |
| 2010 | -8.46% | +13.14% |
| 2009 | +21.29% | +22.67% |
| 2008 | -68.62% | -36.25% |
| 2007 | +60.80% | +5.32% |
| 2006 | +5.06% | +13.85% |
| 2005 | +3.72% | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
PBW vs SPY Drawdown Comparison
The maximum drawdown for PBW was -89.01%, occurring on Apr 8, 2025. This drawdown has not yet recovered.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current PBW drawdown is -72.37%. The current SPY drawdown is -2.57%.
| Rank | PBW | SPY |
|---|---|---|
| #1 | -89.01% Feb 9, 2021 - Apr 8, 2025 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -87.01% Dec 26, 2007 - Jan 7, 2021 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -31.07% May 8, 2006 - Oct 5, 2007 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -18.89% Mar 7, 2005 - Jul 26, 2005 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -17.63% Sep 12, 2005 - Jan 19, 2006 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -14.44% Nov 8, 2007 - Dec 10, 2007 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -8.99% Jan 22, 2021 - Feb 8, 2021 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -8.26% Feb 27, 2006 - Mar 29, 2006 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -6.79% Jan 12, 2021 - Jan 21, 2021 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -5.03% Aug 3, 2005 - Aug 29, 2005 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -4.98% Apr 24, 2006 - May 5, 2006 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -4.64% Dec 14, 2007 - Dec 19, 2007 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -4.20% Jan 31, 2006 - Feb 24, 2006 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -4.02% Oct 31, 2007 - Nov 6, 2007 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -3.92% Oct 18, 2007 - Oct 26, 2007 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between PBW and SPY is -0.10 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.10
-101
Dividend Comparison (1999 - 2026)
PBW vs SPY dividend yield comparison.
| Year | PBW | SPY |
|---|---|---|
| 2026 | 0.81% | 0.50% |
| 2025 | 0.79% | 1.07% |
| 2024 | 2.84% | 1.21% |
| 2023 | 3.68% | 1.40% |
| 2022 | 4.21% | 1.65% |
| 2021 | 1.71% | 1.20% |
| 2020 | 0.44% | 1.52% |
| 2019 | 1.45% | 1.75% |
| 2018 | 2.04% | 2.04% |
| 2017 | 1.28% | 1.80% |
| 2016 | 2.68% | 2.03% |
| 2015 | 1.53% | 2.06% |
| 2014 | 2.96% | 1.87% |
| 2013 | 2.18% | 1.81% |
| 2012 | 3.96% | 2.18% |
| 2011 | 2.33% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.27% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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