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Launched · SEC filings

VanEck Low Carbon Energy ETF

SMOGNYSE ArcaVanEckC

$131.96−1.57 (−1.18%)

As of Nov 10, 2026, 9:46 AM ET

C45/ 100

Rank 10 of 16 in Clean Energy

C45/100Rank 10 of 16inClean Energy
Intraday session: down, 4 prints from 133.53 to 131.96. Range 131.96 to 131.96. Use the arrow keys to read each point.132.25132.50132.75133.00133.2510 AM12 PM2 PM4 PM
Expense ratio
0.64%
Fund size
$126M
1Y total return
+0.3%
Yield · Last 12 months
1.52%
Holdings
60
Avg volume · 30D
1.58K sh
52W range
low $125.23high $157.27
Launched
Filings
SEC EDGAR

The ETF.net SMOG Grade

Based on 5 of 6 pillars

C

Score 45 out of 100

Category
Clean Energy⁠
Rank
10 of 16
Six-pillar profile for SMOG. Scores out of 100: Cost 30, Risk 77, Mission not scored, Tradability 31, Holdings 56, Durability 62. Strongest: Risk (77). Weakest: Cost (30). Based on 5 of 6 pillars.

Score 45 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D30 out of 100
    Rank 11 of 16

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A77 out of 100
    Rank 2 of 16

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D31 out of 100
    Rank 12 of 16

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B56 out of 100
    Rank 8 of 16

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B62 out of 100
    Rank 8 of 16

Our read on SMOG

ETF.net Research

In short

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

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

Worth knowing

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

SMOG Holdings

Holdings pillarB56 out of 100Rank 8 of 16 in Clean Energy
Asset class
Stocks
Holdings
60
Top-10 weight
57%
Largest holding
IBE.MC9.3%

Sectors

  • Utilities40.3%
  • Industrials27.5%
  • Consumer Discretionary22.5%
  • Technology8.3%
  • Materials0.7%
  • Financials0.7%

Geography

  • United States37.59%
  • Spain11.65%
  • South Korea7.56%
  • Italy7.54%
  • China5.85%
  • Denmark5.42%
  • Hong Kong5.36%
  • Brazil4.61%
  • Other countries (12)14.41%

Developed 68% · Emerging 32% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1IBE.MCIberdrola Sa9.27%464,402$11.7M173
2TSLATesla Inc8.31%29,301$10.5M528
3NEENextera Energy Inc7.85%114,096$9.92M426
4ENEL.MIEnel Spa7.21%845,221$9.11M161
51211.HKByd Co Ltd5.33%710,298$6.73M78
6VWS.COVestas Wind Systems A/S4.97%201,347$6.28M147
7BEBloom Energy Corp4.12%30,017$5.2M337
8006400.KSSamsung Sdi Co Ltd3.87%14,114$4.89M100
9FSLRFirst Solar Inc3.13%19,633$3.95M330
10AXIA3.SAAxia Energia Sa3.03%435,100$3.82M93
11KRX.IRKingspan Group Plc2.90%34,776$3.67M115
12RIVNRivian Automotive Inc2.80%260,009$3.54M175
13ORSTED.COOersted As2.15%122,451$2.71M103
14NXTNextpower Inc2.04%24,509$2.57M201
15373220.KSLg Energy Solution Ltd1.71%8,675$2.16M92

Showing 1–15 of 60 holdings

SMOG Performance

Launched May 3, 2007

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

SMOG$10,030
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. SMOG $10,030. SPY $11,339. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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+3.0%
1 month−2.1%
3 months−4.8%
1 year+0.3%
3 yearsper year+13.1%
5 yearsper year−3.8%
10 yearsper year+11.6%

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+3.0%
2025+33.3%
2024−9.3%
2023+1.4%
2022−29.9%
2021−2.7%
2020+118.4%

SMOG in the news

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 Nov 9, 2026.
1.52%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, 2016No data$1.07
Dec 21, 2015No data$0.31
Dec 22, 2014No data$0.11
Dec 23, 2013No data$0.55

— Pay date not on file.

See all 17 payments⁠

$10,000 in SMOG 10 years ago paid $2,007 in dividends.⁠

SMOG Risk

Risk pillarA77 out of 100Rank 2 of 16 in Clean Energy
How much the fund’s monthly returns vary, scaled to a year.
20.2%
Annualised · 36 months to Oct 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.
0.47
vs 3-month T-bills · to Oct 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.
−46.7%
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.

FMP measures it over up to five years of monthly returns.

SMOG Cost

Compare SMOG and ICLN

Overpaying vs ICLN, cheapest in Clean Energy

$4,832

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SMOG 0.64%

    $12,538

  • ICLN 0.38% Cheapest

    $7,706

$10,000
30 years

Cost over time

  • SMOG 0.64%
  • ICLN 0.38%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530SMOG $12,538ICLN $7,706

Year by year

YearSMOGICLNOverpaying
10$1,145$688$457
20$4,375$2,658$1,717
30$12,538$7,706$4,832

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