IQSZ vs PCLN

IQSZBInvesco Global Equity Net Zero ETF

PCLNDPictet Cleaner Planet ETF

In short

IQSZ Active net-zero investing priced like an index fund: 0.19% for a global, roughly 500-stock portfolio where a quant process weighs momentum, quality and value alongside a company's emissions plans.

PCLN An actively managed global stock fund hunting companies that drive the shift to a cleaner economy, measured against MSCI ACWI. In a corner of the market run by cheap rules-based screens, this one pays humans to pick.

Stated mandate

IQSZ Seeks long-term total return. It actively invests at least 80% of assets in equity securities of companies judged to support the transition to a net-zero economy through current or planned greenhouse-gas reductions, primarily among large- and mid-cap companies in developed and emerging markets.

PCLN The Fund seeks long-term capital appreciation through an actively managed portfolio focused on companies contributing to the transition toward a more sustainable economy.

Why people hold it

• IQSZ 0.19% expense ratio against a peer-group median near 0.56%. Active management, index-fund pricing.
• Roughly 500 large- and mid-cap names across developed and emerging markets, so the climate tilt rides on a broad base rather than a handful of pure plays.
• At least 80% of assets go to companies judged to be cutting greenhouse gases now or under a stated plan, run through a momentum, quality and value quant screen.

• PCLN A real active mandate, not a screen: managers pick global companies tied to the sustainable-economy transition and are measured against the MSCI ACWI net total return index.
• The portfolio itself is the sturdiest part of the package, with holdings quality rating above the middle of its global thematic peer group.
• Simple plumbing underneath: a standard 1940 Act equity ETF with no structural quirks flagged in its filings.

Worth knowing

• IQSZ Launched in 2025 and thinly traded, so spreads can run wider than in a mega-fund and there is little history to judge the process on.
• Net-zero alignment is a manager judgment that counts planned cuts, so the book can look closer to a broad global fund than a clean-energy basket.
• Emerging-market holdings add currency moves and local political risk to the mix.

• PCLN At 0.70% a year it prices above the typical global thematic fund, and well above index rivals like KLMT at 0.10% and IQSZ at 0.19%. Stock picking is what the extra buys.
• Small and thinly traded, so bid-ask spreads can run wider and less predictably than in the category's heavyweights.
• Launched in 2025, so there is little track record to judge the manager on, and its risk profile rests on a short window of data.

Full IQSZ profile⁠

Full PCLN profile⁠