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SMOG

GradeCNew York Stock Exchange Arca

VanEck Low Carbon Energy ETF

Themes · VanEck · Inception 2007-05-03 · SEC filings

$135.79−2.80 (−2.02%)

As of Sep 23, 2026, 2:00 PM EDT

Intraday session: down, 8 prints from 138.59 to 135.79. Range 135.79 to 137.45. Use the arrow keys to read each point.$136.00$136.50$137.00$137.5010 AM12 PM2 PM4 PM
Expense ratio
0.64%
Fund size
$132M
1Y return
+12.4%
Yield · Last 12 months
1.47%
Holdings
63
Volume · 30D
0M sh
NAV per share
$138.16
52W range
low $124.27high $157.27

The ETF.net SMOG Grade

C

42/ 100

Rank 13 of 17 in Clean Energy⁠

Confidence Medium

Six-pillar profile for SMOG. Scores out of 100: Cost 28, Risk 74, Mission not scored, Tradability 35, Holdings 38, Durability 62. Strongest: Risk (74). Weakest: Cost (28). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 42 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 28
    Category rank13/17 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 74
    Category rank4/17 · top 24%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 35
    Category rank12/17 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 38
    Category rank13/17 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 62
    Category rank8/17 · top 47%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on SMOG

ETF.net Research

CClean energy from before it was a crowded shelf. SMOG has traded since 2007, and its global index reaches past wind and solar into the batteries, EVs, hydrogen and smart grids that move the electrons.

Stated mandate

The fund seeks to track, before fees and expenses, the price and yield performance of the MVIS Global Low Carbon Energy Index. The rules-based index targets renewable-energy companies and related low-carbon technologies, including wind, solar, hydro, hydrogen, biofuels, batteries, electric vehicles, smart grids, and efficiency materials.

Why people hold it

  1. 01Launched in 2007, one of the original clean energy ETFs, on the market long before the theme filled up with copycats.
  2. 02Not just power plants. The index rules pull in wind, solar, hydro, hydrogen, biofuels, batteries, EVs, smart grids and efficiency materials.vaneck.com
  3. 03Global and rules-based: roughly 60 names picked by a published index method, not a manager's hunches.

Worth knowing

  1. 01Costs 0.64% a year, the pricier end of the aisle. ICLN and FRNW run global clean energy mandates for 0.39%.
  2. 02One of the thinner traders in its group, so the gap between buy and sell prices can run wider than at the category's giants.
  3. 03Distributions land once or twice a year at most. Income is a side effect here, not the point.

SMOG Holdings

As of Sep 20, 2026, 6:07 AM
Asset class
Stocks
Holdings
63
Top-10 weight
59%
Largest holding
IBE.MC8.6%

Sectors

  • Utilities37.2%
  • Industrials30.8%
  • Consumer Discr.22.6%
  • Technology8.2%
  • Materials0.6%
  • Financials0.6%

Geography

  • United States36.09%
  • China12.81%
  • Spain10.47%
  • Denmark8.03%
  • South Korea7.92%
  • Italy6.52%
  • Brazil4.14%
  • Ireland2.95%
  • Other countries (12)11.08%

Developed 58% · Emerging 42% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001IBE.MCIberdrola Sa8.59%483,720$11M154
002TSLATesla Inc7.96%28,801$11M509
003BEBloom Energy Corp7.45%35,190$10M304
004NEENextera Energy Inc6.93%112,974$9M407
005ENEL.MIEnel Spa6.31%804,564$8M153
006VWS.COVestas Wind Systems A/S5.68%232,916$8M137
0071211.HKByd Co Ltd5.32%683,798$7M47
008006400.KSSamsung Sdi Co Ltd5.06%16,947$7M91
009FSLRFirst Solar Inc3.00%19,772$4M325
010KRX.IRKingspan Group Plc2.89%34,522$4M90
011RIVNRivian Automotive Inc2.65%227,906$4M173
012AXIA3.SAAxia Energia Sa2.38%293,300$3M89
0133750.HKContemporary Amperex Technology Co Ltd2.20%45,300$3M100
014ORSTED.COOrsted As1.91%121,556$3M103
015NXTNextpower Inc1.56%24,887$2M213

Showing 1–15 of 60 holdings

SMOG Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

SMOG$11,241
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. SMOG $11,241. SPY $11,723. Use the arrow keys to read each point.$9,275$11,130$12,984Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for SMOG. Periods over one year show the average yearly return.
PeriodSMOG
Year to date+6.7%
1 month−1.3%
3 months−7.1%
1 year+12.4%
3 years+10.3%per year
5 years−0.9%per year
10 years+11.1%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SMOG
YearReturn barSMOG
2026 YTD+6.7%
2025+33.3%
2024−9.3%
2023+1.4%
2022−29.9%
2021−2.7%
2020+118.4%

SMOG in the news

ETF.net Research hasn’t filed on SMOG yet — coverage lands here as it’s written.

SMOG Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
1.47%Last 12 months
Payout per share
$2.03Last 12 months
Last payment
$2.03 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 8 payments from 2017 to 2026 YTD. Dec 18, 2017 $0.77; Dec 20, 2018 $0.34; Dec 21, 2020 $0.09; Dec 20, 2021 $0.71; Dec 19, 2022 $1.46; Dec 18, 2023 $1.75; Dec 23, 2024 $1.62; Dec 22, 2025 $2.03. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 26, 2025$2.03
Dec 23, 2024Dec 24, 2024$1.62
Dec 18, 2023Dec 22, 2023$1.75
Dec 19, 2022Dec 23, 2022$1.46
Dec 20, 2021Dec 27, 2021$0.71
Dec 21, 2020Dec 28, 2020$0.09
Dec 20, 2018Dec 27, 2018$0.34
Dec 18, 2017Dec 22, 2017$0.77
Dec 19, 2016Data unavailable$1.07
Dec 21, 2015Data unavailable$0.31
Dec 22, 2014Data unavailable$0.11
Dec 23, 2013Data unavailable$0.55

SMOG Risk

How much the fund’s monthly returns vary, scaled to a year.
21.6%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.26
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−47.8%
Trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.20
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

SMOG Cost

Expense ratio0.64%
  • The middle half of Clean Energy funds
  • Median 0.58%

11 of the 16 Clean Energy funds charge less.

SMOG costs $64.00 a year on $10,000. The median Clean Energy fund costs $58.50.