IBAT vs PBD

IBATBiShares Energy Storage & Materials ETF

PBDDInvesco Global Clean Energy ETF

In short

IBAT Most EV funds buy carmakers. IBAT drops a layer down the supply chain to the batteries, hydrogen, fuel cells and storage materials underneath, tracking a global STOXX index at a fee that undercuts much of its thematic peer group.

PBD The 2007 original in global clean energy: about 110 names spanning cleaner generation, conservation and efficiency worldwide, reshuffled every quarter. Broader than the cap-weighted giants, and priced at 0.75% for that reach.

Stated mandate

IBAT The fund seeks to track an index of global companies involved in battery technologies, hydrogen, fuel cells, and other energy-storage solutions. It provides targeted exposure to companies supporting the transition to a low-carbon economy.

PBD The Fund seeks to track, before fees and expenses, the WilderHill New Energy Global Innovation Index. That index targets companies worldwide involved in cleaner energy, conservation, efficiency, renewable energy, and related technologies.

Why people hold it

• IBAT 0.47% a year, cheaper than Global X's DRIV (0.68%) and Amplify's BATT (0.59%).
• Buys the storage layer, not the showroom: battery technology, hydrogen, fuel cells and the materials that feed them.ishares.com
• Global mandate, roughly 80 holdings: miners, chemical firms and equipment makers a US large-cap index never touches.
• Sits in the upper tier of its battery and EV thematic group on our review.

• PBD Launched in 2007, a year ahead of ICLN, the category's biggest name. It has traded through a full clean-energy boom and bust with the same index behind it.ishares.com
• About 110 holdings across cleaner energy, conservation and efficiency, held worldwide via ADRs and GDRs where needed. No single stock carries the fund.invesco.com
• The index is rebalanced and reconstituted quarterly, so the basket refreshes with the theme rather than drifting toward whatever already won.invesco.com

Worth knowing

• IBAT One theme, one supply chain. Battery and materials demand drives the whole basket in the same direction at the same time.
• BlackRock applies business involvement screens, so the portfolio is a filtered slice of the industry rather than the full map.ishares.com
• Launched in 2024, so the record is short and payouts come once or twice a year at most. Not an income holding.

• PBD At 0.75% a year it runs above the clean-energy median (0.59%) and near double ICLN and FRNW at 0.39%. The broad global basket is not the cheap way in.
• A smaller, moderately traded fund rather than one of the category's heavyweights, so bid-ask spreads can run wider than the largest names in the group.
• One narrow global theme, tilted away from mega-caps and sensitive to policy and rates. Swings are larger than a broad world index fund's.

Full IBAT profile⁠

Full PBD profile⁠