KLMN vs SHE: Grades, Fees and Holdings Compared

Invesco MSCI North America Climate ETF

KLMNANYSE Arca

State Street SPDR MSCI USA Gender Diversity ETF

SHEBNYSE Arca

Overlap

42.0%by weight

Expense ratio

KLMN −0.11pt a year

KLMN0.09%SHE0.20%

Avg volume · 30D

KLMN 123.9×the volume

KLMN489KSHE3.95K

KLMN vs SHE Performance

Oct 31, 2025 – Oct 30, 2026

+11.7%KLMN+17.8%SHE

Expense ratio: KLMN 0.09%, better; SHE 0.20%
Fund size: KLMN $2.42B; SHE $349M
1Y total return: KLMN +11.7%; SHE +17.8%, better
Yield (12M): KLMN 1.17%, better; SHE 1.15%
Holdings: KLMN 275; SHE 233
Avg volume (30D): KLMN 489K sh, better; SHE 3.95K sh
NAV per share: KLMN $31.03; SHE $157.03
52W range

ETF.net Grade

Pillar letters and Scores for KLMN, SHE, with each pillar’s weight
Pillar	KLMN	SHE
Cost30% weight	A86Higher	C53
Mission25% weight	A100Higher	A87
Risk15% weight	B62	B67Higher
Tradability15% weight	A83Higher	C44
Holdings10% weight	B65Higher	B64
Durability5% weight	B58	A76Higher

Rank among US ESG & Values Index funds

How we build Categories ›

Same Category. KLMN and SHE are both graded against the same 47 US ESG & Values Index funds, so their Grades compare head to head.

US ESG & Values Index⁠

Category · 47 funds

See all 47 ›

KLMN ranks 1st and SHE 18th of 47 funds in the US ESG & Values Index Category.

Rank 1AKLMNInvesco MSCI North America Climate ETFScore 82
Rank 2AEFIVState Street SPDR S&P 500 ESG ETFScore 79
Rank 18BRSPEInvesco ESG S&P 500 Equal Weight ETFScore 64
Rank 18BSHEState Street SPDR MSCI USA Gender Diversity ETFScore 64
Rank 21BCVMCCalvert US Mid-Cap Core Responsible Index ETFScore 63

Our read on each fund

ETF.net Research

KLMNAInvesco MSCI North America Climate ETF

SHEBState Street SPDR MSCI USA Gender Diversity ETF

In short

KLMN No data

SHE The ticker is the pitch. SHE tracks an MSCI index that scores US large and mid caps on women in the boardroom, in senior management and across the workforce, then weights holdings by market cap and that score. One issue, blue-chip portfolio.

Stated mandate

KLMN No data

SHE The fund seeks to track the total return of the MSCI USA Gender Diversity Select Index and provide exposure to US companies demonstrating leadership in promoting and supporting gender diversity.

Why people hold it

KLMN No data

SHE The screen is specific, not a broad ESG catch-all: the index targets companies committed to gender diversity at every level, from the corporate board through executive and senior management to the workforce.ssga.com
The tilt shows up in position sizes, not just the guest list. Companies are weighted by market cap combined with a Gender Diversity Score covering women's representation and diversity management.ssga.com
0.20% a year, below the median for its ESG-and-values peer group. Unusual for a single-theme screen, which normally carries a premium.
Trading since 2016 under State Street's SPDR banner, making it one of the longer-running US funds built on a single diversity metric. Roughly 230 stocks, distributions quarterly.

Worth knowing

KLMN No data

SHE Thinly traded next to the giant ESG index funds. Spreads tend to be wider and sizeable orders need more patience at the screen.
Broad ESG index funds cost less: ESGV and XVV both sit under a tenth of a percent. The narrower screen here is what you're paying the difference for.
Membership rides on MSCI's diversity data. When a company's Gender Diversity Score shifts, its place and weight in the index shift at the next reconstitution.ssga.com

Full KLMN profile⁠

Full SHE profile⁠

KLMN vs SHE Holdings

How KLMN and SHE differ

Overlap by weight

42.0%

Shared holdings make up 88.2% of SHE and 45.4% of KLMN.

Level by level

Holdings119 in both42.0%
Countryby domicile95.4%
Asset classEquity100%

Sector

No Sector split for KLMN.

Country, concentration and asset class

Country by domicile

Country weights in KLMN and SHE, widest gap first
Country	More in KLMNMore in SHE	KLMN	SHE
Canada	KLMN +4.2 points	4.4%	0.2%
United States	SHE +4.1 points	94.9%	99.0%
Other countries (5)	SHE +0.1 points	0.8%	0.9%

Concentration

Weight in the 10 largest Holdings

KLMN34.9%
SHE35.4%

Securities held

KLMN273
SHE231

Asset class

KLMN: Equity
SHE: Equity

Holdings

Only in KLMN154
In both119
Only in SHE112

Only in KLMN

154 securities, 54.5% of KLMN by weight

Apple Inc7.36%
Amazon.com Inc3.38%
Alphabet Inc2.63%
Broadcom Inc2.23%
Meta Platforms Inc1.99%
Tesla Inc1.64%
Alphabet Inc1.61%
Eli Lilly & Co1.59%
Visa Inc1.07%
Mastercard Inc0.83%
Walmart Inc0.80%
Cisco Systems Inc0.68%
Palantir Technologies Inc0.63%
Merck & Co Inc0.58%
Applied Materials Inc0.56%
UnitedHealth Group Inc0.56%
Lam Research Corp0.52%
Palo Alto Networks Inc0.50%
General Electric Co0.50%
Royal Bank of Canada0.49%
Goldman Sachs Group Inc/The0.44%
Texas Instruments Inc0.44%
Crowdstrike Holdings Inc0.40%
KLA Corp0.38%
Toronto-Dominion Bank/The0.37%
GE Vernova Inc0.37%
International Business Machines Corp0.36%
ConocoPhillips0.35%
Gilead Sciences Inc0.35%
Shopify Inc0.34%
Pfizer Inc0.32%
McDonald's Corp0.32%
Verizon Communications Inc0.32%
PepsiCo Inc0.31%
Marvell Technology Inc0.31%
Union Pacific Corp0.30%
Dell Technologies Inc0.27%
Wheaton Precious Metals Corp0.26%
Vivmark Residential0.26%
Bank of Nova Scotia/The0.25%
Seagate Technology Holdings PLC0.25%
Danaher Corp0.25%
Charles Schwab Corp/The0.25%
Intuitive Surgical Inc0.24%
Bank of Montreal0.24%
NextEra Energy Inc0.24%
Chubb Ltd0.24%
Altria Group Inc0.24%
Agnico Eagle Mines Ltd0.24%
Lockheed Martin Corp0.23%

Only in SHE

112 securities, 11.7% of SHE by weight

Marathon Petroleum Corp0.41%
Southern Co/The0.29%
Netapp Inc0.29%
Twilio Inc A0.28%
Duke Energy Corp0.27%
Cognizant Tech Solutions A0.25%
Ww Grainger Inc0.24%
Jabil Inc0.23%
Ulta Beauty Inc0.19%
Humana Inc0.18%
Waste Connections Inc0.17%
Williams Sonoma Inc0.17%
Public Storage0.17%
Crh PLC0.17%
Tapestry Inc0.17%
Verisign Inc0.17%
F5 Inc0.17%
Vistra Corp0.16%
News Corp Class A0.16%
State Street Corp0.16%
American International Group0.16%
Xcel Energy Inc0.15%
Idexx Laboratories Inc0.15%
Expedia Group Inc0.15%
Charter Communications Inc A0.14%
Ferguson Enterprises Inc0.14%
Ameriprise Financial Inc0.14%
Metlife Inc0.14%
Prudential Financial Inc0.14%
Rockwell Automation Inc0.13%
Kimberly Clark Corp0.13%
Tractor Supply Company0.13%
Gen Digital Inc0.12%
Biogen Inc0.12%
Veeva Systems Inc Class A0.12%
Paychex Inc0.12%
Burlington Stores Inc0.11%
Centene Corp0.11%
Labcorp Holdings Inc0.11%
Revolution Medicines Inc0.11%
Emcor Group Inc0.11%
Arch Capital Group Ltd0.10%
Best Buy Co Inc0.10%
American Water Works Co Inc0.10%
Darden Restaurants Inc0.10%
Carnival Corp Ltd0.10%
P G & E Corp0.10%
Entergy Corp0.10%
Mettler Toledo International0.09%
Fabrinet0.09%

Weight gaps

The 100 widest of 119 Holdings in both funds.

Holding weights in KLMN and SHE, widest gap first
Holding	More in KLMNMore in SHE	KLMN	SHE
Advanced Micro Devices IncAMD	SHE +4.14 points	1.37%	5.51%
Netflix IncNFLX	SHE +3.12 points	0.39%	3.51%
Micron Technology IncMU	SHE +2.99 points	1.54%	4.53%
NVIDIA CorpNVDA	KLMN +2.62 points	7.08%	4.46%
Intel CorpINTC	SHE +2.53 points	0.60%	3.13%
JPMorgan Chase & CoJPM	SHE +1.99 points	1.35%	3.34%
Walt Disney Co/TheDIS	SHE +1.77 points	0.34%	2.11%
AT&T IncT	SHE +1.33 points	0.26%	1.59%
Oracle CorpORCL	SHE +1.26 points	0.36%	1.62%
Amphenol CorpAPH	SHE +1.27 points	0.34%	1.61%
Analog Devices IncADI	SHE +1.21 points	0.36%	1.57%
Arista Networks IncANET	SHE +1.13 points	0.34%	1.47%
QUALCOMM IncQCOM	SHE +1.00 points	0.31%	1.31%
Salesforce IncCRM	SHE +0.91 points	0.34%	1.25%
ExxonMobil Holdings CorpXOM	SHE +0.84 points	1.14%	1.98%
Costco Wholesale CorpCOST	SHE +0.80 points	0.65%	1.45%
Johnson & JohnsonJNJ	SHE +0.79 points	1.04%	1.84%
AbbVie IncABBV	SHE +0.77 points	0.79%	1.56%
Home Depot Inc/TheHD	SHE +0.70 points	0.54%	1.24%
Chevron CorpCVX	SHE +0.70 points	0.66%	1.36%
Accenture PLCACN	SHE +0.67 points	0.28%	0.95%
Intuit IncINTU	SHE +0.59 points	0.16%	0.75%
Corning IncGLW	SHE +0.58 points	0.18%	0.76%
Caterpillar IncCAT	SHE +0.55 points	0.47%	1.02%
Procter & Gamble Co/ThePG	SHE +0.56 points	0.61%	1.17%
Adobe IncADBE	SHE +0.48 points	0.19%	0.67%
Lowe's Cos IncLOW	SHE +0.47 points	0.19%	0.66%
Booking Holdings IncBKNG	SHE +0.47 points	0.20%	0.67%
Bank of America CorpBAC	SHE +0.45 points	0.53%	0.98%
TJX Cos Inc/TheTJX	SHE +0.45 points	0.24%	0.69%
Starbucks CorpSBUX	SHE +0.44 points	0.20%	0.64%
Thermo Fisher Scientific IncTMO	SHE +0.43 points	0.44%	0.87%
Microsoft CorpMSFT	KLMN +0.42 points	5.39%	4.97%
Fortinet IncFTNT	SHE +0.41 points	0.16%	0.57%
Philip Morris International IncPM	SHE +0.41 points	0.51%	0.92%
Wells Fargo & CoWFC	SHE +0.39 points	0.40%	0.79%
Coca-Cola Co/TheKO	SHE +0.36 points	0.62%	0.98%
Citigroup IncC	SHE +0.36 points	0.35%	0.71%
AppLovin CorpAPP	SHE +0.32 points	0.09%	0.41%
Amgen IncAMGN	SHE +0.32 points	0.43%	0.75%
Abbott LaboratoriesABT	SHE +0.30 points	0.33%	0.63%
Marriott International Inc/MDMAR	SHE +0.30 points	0.15%	0.45%
Linde PLCLIN	SHE +0.29 points	0.35%	0.64%
Keysight Technologies IncKEYS	SHE +0.28 points	0.16%	0.44%
Morgan StanleyMS	SHE +0.28 points	0.37%	0.65%
Monolithic Power Systems IncMPWR	SHE +0.27 points	0.11%	0.38%
Coherent CorpCOHR	SHE +0.27 points	0.08%	0.35%
Autodesk IncADSK	SHE +0.26 points	0.13%	0.39%
MercadoLibre IncMELI	SHE +0.26 points	0.13%	0.39%
TE Connectivity PLCTEL	SHE +0.23 points	0.16%	0.39%
Vertex Pharmaceuticals IncVRTX	SHE +0.22 points	0.23%	0.45%
Ross Stores IncROST	SHE +0.20 points	0.14%	0.34%
AutoZone IncAZO	SHE +0.19 points	0.10%	0.29%
O'Reilly Automotive IncORLY	SHE +0.19 points	0.13%	0.32%
Hilton Worldwide Holdings IncHLT	SHE +0.19 points	0.17%	0.36%
Uber Technologies IncUBER	SHE +0.18 points	0.20%	0.38%
Eaton Corp PLCETN	SHE +0.18 points	0.30%	0.48%
Take-Two Interactive Software IncTTWO	SHE +0.17 points	0.09%	0.26%
Trane Technologies PLCTT	SHE +0.17 points	0.21%	0.38%
Parker-Hannifin CorpPH	SHE +0.17 points	0.23%	0.40%
Equinix IncEQIX	SHE +0.16 points	0.19%	0.35%
RTX CorpRTX	SHE +0.16 points	0.42%	0.58%
Ford Motor CoF	SHE +0.16 points	0.12%	0.28%
Stryker CorpSYK	SHE +0.15 points	0.17%	0.32%
CVS Health CorpCVS	SHE +0.14 points	0.20%	0.34%
Prologis IncPLD	SHE +0.13 points	0.24%	0.37%
General Motors CoGM	SHE +0.13 points	0.16%	0.29%
Cigna Group/TheCI	SHE +0.13 points	0.13%	0.26%
Johnson Controls International plcJCI	SHE +0.12 points	0.22%	0.34%
Bank of New York Mellon Corp/TheBNY	SHE +0.12 points	0.21%	0.33%
Howmet Aerospace IncHWM	SHE +0.11 points	0.14%	0.25%
NIKE IncNKE	SHE +0.11 points	0.10%	0.21%
American Express CoAXP	SHE +0.11 points	0.32%	0.43%
eBay IncEBAY	SHE +0.11 points	0.11%	0.22%
Regeneron Pharmaceuticals IncREGN	SHE +0.11 points	0.15%	0.26%
Kimco Realty CorpKIM	KLMN +0.10 points	0.14%	0.04%
Boeing Co/TheBA	SHE +0.09 points	0.20%	0.29%
Boston Scientific CorpBSX	SHE +0.08 points	0.14%	0.22%
McKesson CorpMCK	SHE +0.08 points	0.23%	0.31%
HP IncHPQ	SHE +0.08 points	0.12%	0.20%
Chipotle Mexican Grill IncCMG	SHE +0.08 points	0.09%	0.17%
Freeport-McMoRan IncFCX	SHE +0.07 points	0.23%	0.30%
Blackrock IncBLK	SHE +0.08 points	0.30%	0.38%
Cummins IncCMI	SHE +0.07 points	0.17%	0.24%
Yum! Brands IncYUM	SHE +0.07 points	0.12%	0.19%
Newmont CorpNEM	SHE +0.07 points	0.26%	0.33%
PNC Financial Services Group Inc/ThePNC	SHE +0.06 points	0.17%	0.23%
Northrop Grumman CorpNOC	SHE +0.06 points	0.15%	0.21%
Medtronic PLCMDT	SHE +0.06 points	0.25%	0.31%
Broadridge Financial Solutions IncBR	KLMN +0.06 points	0.13%	0.07%
Welltower IncWELL	SHE +0.06 points	0.31%	0.37%
Marsh & McLennan Cos IncMRSH	SHE +0.05 points	0.24%	0.29%
Arthur J Gallagher & CoAJG	SHE +0.06 points	0.14%	0.20%
Consolidated Edison IncED	KLMN +0.05 points	0.14%	0.09%
Waste Management IncWM	SHE +0.05 points	0.15%	0.20%
Aon PLCAON	SHE +0.05 points	0.16%	0.21%
Ecolab IncECL	SHE +0.05 points	0.23%	0.28%
US BancorpUSB	SHE +0.04 points	0.17%	0.21%
PayPal Holdings IncPYPL	SHE +0.04 points	0.12%	0.16%
Deere & CoDE	SHE +0.03 points	0.30%	0.33%

All 273 KLMN holdings⁠All 230 SHE holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

KLMN vs SHE Cost

Overpaying SHE vs KLMN

$2,257

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

KLMN 0.09%
$1,898
SHE 0.20%
$4,155

Amount$10,000

Years30 years

Cost over time

KLMN 0.09%
SHE 0.20%
Overpaying

Year by year

Year	KLMN	SHE	Overpaying
10	$165	$365	$200
20	$646	$1,421	$775
30	$1,898	$4,155	$2,257

Expense ratio

0.09%KLMN, cheaper
0.20%SHE

KLMN0.09%SHE0.20%

0.08%0.95%

Middle half of US ESG & Values Index funds
Median 0.25%

KLMN 3rd cheapest of 47 funds

SHE 21st cheapest of 47 funds

KLMN vs SHE Dividends

Last 12 months to Oct 30, 2026

Yield (12M): KLMN 1.17%, better; SHE 1.15%
Payout (12M): KLMN $0.36; SHE $1.75
Last payment: KLMN $0.08; SHE $0.49
Ex-dividend: KLMN Sep 21, 2026; SHE Sep 1, 2026
Paid on: KLMN Sep 25, 2026; SHE Sep 3, 2026
Frequency: KLMN Quarterly; SHE Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

KLMNQuarterly · 7 paymentsAll KLMN payments⁠

SHEQuarterly · 39 paymentsAll SHE payments⁠

KLMN vs SHE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: KLMN 12.5%since Jan 2025SHE 13.6%
Return per unit of riskSharpe ratio, 3 years: KLMN 0.83since Jan 2025SHE 1.30
Worst fallMax drawdown, 5 years: KLMN −18.5%since Dec 2024SHE −31.7%
Market sensitivityBeta, 5 years: KLMN 1.02SHE 1.01; Market = 1

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