ETF Evaluator: Invesco WilderHill Clean Energy ETF (PBW) Follow This ETF

Invesco WilderHill Clean Energy ETF Overview

Invesco WilderHill Clean Energy ETF (PBW) is a passively managed Sector Equity Alternative Energy exchange-traded fund (ETF). Invesco launched the ETF in 2005.

The investment seeks to track the investment results of the WilderHill Clean Energy Index. The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The index is composed of stocks of publicly traded companies listed on a major exchange in the U.S. that are engaged in the business of the advancement of cleaner energy and conservation or are important to the development of clean energy. Stocks are included in the index based on the index provider's evaluation that such companies will substantially benefit from a societal transition toward the use of cleaner energy, zero-CO2 renewables and conservation.

About Invesco WilderHill Clean Energy ETF (PBW)

There are 3 members of the management team with an average tenure of 14.60 years: Peter Hubbard (2007), Michael Jeanette (2008) and Pratik Doshi (2020). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and WilderHill Clean Energy TR USD index with a weighting of 100%. Invesco WilderHill Clean Energy ETF has 75 securities in its portfolio. The top 10 holdings constitute 18.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is considered to have an ESG focus with its investment selection and management.

Invesco WilderHill Clean Energy ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Invesco WilderHill Clean Energy ETF has 16.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 83.6% There is 16.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Invesco WilderHill Clean Energy ETF has 0.2% of the portfolio in cash.

Assets Under Management

The fund has $286 million in total assets, which is below the $409 million average for the Alternative Energy category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

PBW Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Invesco WilderHill Clean Energy ETF expense ratio is above average compared to funds in the Alternative Energy category. Invesco WilderHill Clean Energy ETF has an expense ratio of 0.63%, which is 2% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Invesco WilderHill Clean Energy ETF has a portfolio turnover rate of 65%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 41% for the Alternative Energy category.

Recently, in the month of October 2026, Invesco WilderHill Clean Energy ETF returned -13.1%, which earned it a grade of F, as the Alternative Energy category had an average return of -7.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Invesco WilderHill Clean Energy ETF has a trailing yield of 2.65%, which is above the 1.67% category average. The fund normally distributes its income quarterly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Invesco WilderHill Clean Energy ETF Grades

Year to date, the ETF has returned -16.1%, 8.4 percentage points worse than the category, which translates into a grade of D. The fund has returned -23.1% over the past year (grade of D), 2.4% over the past three years (grade of F) and -20.3% per year over the past five years (grade of F) and 5.3% per year over the past 10 years (grade of F).

For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about Invesco WilderHill Clean Energy ETF, including its riskiness, submit your email to unlock the rest of the article.