KLMN vs VEGN: Grades, Fees and Holdings Compared

Invesco MSCI North America Climate ETF

KLMNANYSE Arca

US Vegan Climate ETF

VEGNFCboe

Overlap

35.8%by weight

Expense ratio

KLMN −0.51pt a year

KLMN0.09%VEGN0.60%

Avg volume · 30D

KLMN 88.9×the volume

KLMN489KVEGN5.5K

KLMN vs VEGN Performance

Nov 7, 2025 – Nov 9, 2026

+13.7%KLMN+19.8%VEGN

Expense ratio: KLMN 0.09%, better; VEGN 0.60%
Fund size: KLMN $1.94B; VEGN $165M
1Y total return: KLMN +13.7%; VEGN +19.8%, better
Yield (12M): KLMN 1.17%, better; VEGN 0.61%
Holdings: KLMN 275; VEGN 261
Avg volume (30D): KLMN 489K sh, better; VEGN 5.5K sh
NAV per share: KLMN $30.21; VEGN $68.57
52W range

ETF.net Grade

Pillar letters and Scores for KLMN, VEGN, with each pillar’s weight
Pillar	KLMN	VEGN
Cost30% weight	A86Higher	F6
Mission25% weight	A100	Not scored
Risk15% weight	B55Higher	F21
Tradability15% weight	A83Higher	C40
Holdings10% weight	B64Higher	C49
Durability5% weight	B55Higher	C44

Rank among US ESG & Values Index funds

How we build Categories ›

Same Category. KLMN and VEGN 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 VEGN 47th of 47 funds in the US ESG & Values Index Category.

Rank 1AKLMNInvesco MSCI North America Climate ETFScore 80
Rank 2AEFIVState Street SPDR S&P 500 ESG ETFScore 78
Rank 46DSTNCHennessy Sustainable ETFScore 26
Rank 47FVEGNUS Vegan Climate ETFScore 24

Our read on each fund

ETF.net Research

KLMNAInvesco MSCI North America Climate ETF

VEGNFUS Vegan Climate ETF

In short

KLMN No data

VEGN Most ESG funds sand off the rough edges. VEGN starts from a vegan rulebook: animal-welfare, environmental and climate exclusions applied to a US stock index, replicated passively since its 2019 launch.

Stated mandate

KLMN No data

VEGN The Fund seeks to track the Beyond Investing US Vegan Climate Index before fees and expenses. It uses passive indexing, generally replicating the Index while applying its vegan, animal-welfare, environmental, and climate-related exclusions.

Why people hold it

KLMN No data

VEGN One rulebook, plainly stated: vegan, animal-welfare, environmental and climate exclusions, then passive replication of whatever survives the screen.
Follows a named, published benchmark (the Beyond Investing US Vegan Climate Index), so what's in and out follows written index rules rather than manager discretion.
Live since 2019, so a screen this specific has a multi-year record in a real US equity portfolio, not a backtest.

Worth knowing

KLMN No data

VEGN At 0.60% a year it costs more than double the typical fund in its ESG cohort. Broad screened peers like ESGV and SNPE charge about a tenth of a percent.
Thinly traded, so limit orders matter and spreads can run wider than in the mega ESG index funds.
Screening out whole industries pulls the portfolio away from the broad US market, so its results can diverge from it in either direction.

Full KLMN profile⁠

Full VEGN profile⁠

KLMN vs VEGN Holdings

How KLMN and VEGN differ

Overlap by weight

35.8%

Shared holdings make up 86.5% of VEGN and 40.8% of KLMN.

Level by level

Holdings91 in both35.8%
Sector11 Sectors71.6%
Countryby domicile94.9%
Asset classStocks100%

Sector

Sector weights in KLMN and VEGN, widest gap first
Sector	Gap	KLMN	VEGN
Technology	VEGN +22.8 points	35.9%	58.7%
Consumer Discretionary	KLMN +7.5 points	9.4%	1.9%
Health Care	KLMN +5.7 points	10.2%	4.5%
Consumer Staples	KLMN +5.5 points	5.5%	0.0%
Energy	KLMN +3.8 points	3.9%	0.1%
Financials	VEGN +3.4 points	13.1%	16.5%
Industrials	KLMN +3.1 points	8.1%	5.0%
Real Estate	VEGN +2.2 points	2.2%	4.4%
Materials	KLMN +1.8 points	2.4%	0.6%
Utilities	KLMN +0.7 points	0.8%	0.1%
Communication	KLMN +0.4 points	8.5%	8.1%

Country, concentration and asset class

Country by domicile

Country weights in KLMN and VEGN, widest gap first
Country	Gap	KLMN	VEGN
United States	VEGN +5.0 points	94.8%	99.8%
Canada	KLMN +4.4 points	4.4%	0.0%
Other countries (6)	KLMN +0.6 points	0.8%	0.2%

Concentration

Weight in the 10 largest Holdings

KLMN35.1%
VEGN38.7%

Securities held

KLMN273
VEGN260

Asset class

KLMN: Stocks
VEGN: Stocks

Holdings

Only in KLMN182
In both91
Only in VEGN169

Only in KLMN

182 securities, 59.2% of KLMN by weight

Microsoft Corp5.65%
Amazon.com Inc3.77%
Meta Platforms Inc2.04%
Alphabet Inc1.70%
Eli Lilly & Co1.64%
Tesla Inc1.52%
JPMorgan Chase & Co1.38%
Johnson & Johnson1.10%
ExxonMobil Holdings Corp1.08%
Walmart Inc0.87%
AbbVie Inc0.83%
Costco Wholesale Corp0.71%
Coca-Cola Co/The0.66%
Procter & Gamble Co/The0.66%
Chevron Corp0.64%
Merck & Co Inc0.61%
Home Depot Inc/The0.59%
Palantir Technologies Inc0.54%
General Electric Co0.54%
Bank of America Corp0.54%
Philip Morris International Inc0.51%
Royal Bank of Canada0.50%
Thermo Fisher Scientific Inc0.45%
Amgen Inc0.45%
Goldman Sachs Group Inc/The0.43%
Caterpillar Inc0.42%
Netflix Inc0.42%
RTX Corp0.42%
Wells Fargo & Co0.41%
Walt Disney Co/The0.38%
Linde PLC0.37%
Morgan Stanley0.37%
Toronto-Dominion Bank/The0.37%
Gilead Sciences Inc0.37%
McDonald's Corp0.36%
Abbott Laboratories0.36%
Citigroup Inc0.35%
PepsiCo Inc0.34%
GE Vernova Inc0.34%
Pfizer Inc0.33%
ConocoPhillips0.33%
Amphenol Corp0.33%
Blackrock Inc0.32%
Analog Devices Inc0.32%
Shopify Inc0.32%
Union Pacific Corp0.31%
Wheaton Precious Metals Corp0.30%
QUALCOMM Inc0.29%
Newmont Corp0.29%
Medtronic PLC0.28%

Only in VEGN

169 securities, 13.5% of VEGN by weight

Sandisk Corp1.10%
United Parcel Service Inc0.29%
FedEx Corp0.25%
WW Grainger Inc0.22%
Fastenal Co0.22%
Realty Income Corp0.20%
MetLife Inc0.20%
Public Storage0.19%
Humana Inc0.19%
Fifth Third Bancorp0.17%
Westinghouse Air Brake Technologies Corp0.17%
IQVIA Holdings Inc0.17%
Veeva Systems Inc0.17%
Ameriprise Financial Inc0.17%
MSCI Inc0.16%
Ferguson Enterprises Inc0.16%
Rockwell Automation Inc0.15%
Natera Inc0.15%
Strategy Inc0.15%
Prudential Financial Inc0.15%
DR Horton Inc0.14%
Crown Castle Inc0.14%
Paychex Inc0.14%
Cboe Global Markets Inc0.13%
Arch Capital Group Ltd0.13%
First American Government Obligations Fund 12/01/20310.13%
Mettler-Toledo International Inc0.13%
Centene Corp0.12%
Fiserv Inc0.12%
NetApp Inc0.12%
Extra Space Storage Inc0.12%
M&T Bank Corp0.12%
Interactive Brokers Group Inc0.12%
Sunbelt Rentals Holdings Inc0.12%
Huntington Bancshares Inc/OH0.11%
ROBLOX Corp0.11%
Microchip Technology Inc0.11%
Cognizant Technology Solutions Corp0.11%
Expedia Group Inc0.11%
Everpure Inc0.11%
American Water Works Co Inc0.11%
Raymond James Financial Inc0.11%
Twilio Inc0.11%
Cincinnati Financial Corp0.10%
Live Nation Entertainment Inc0.10%
Copart Inc0.10%
AerCap Holdings NV0.10%
EMCOR Group Inc0.10%
Citizens Financial Group Inc0.10%
Atlassian Corp0.10%

Weight gaps

All 91 Holdings in both funds, largest gap first.

Holding weights in KLMN and VEGN, widest gap first
Holding	Gap	KLMN	VEGN
Visa IncV	VEGN +3.44 points	1.15%	4.59%
Advanced Micro Devices IncAMD	VEGN +3.14 points	1.14%	4.28%
Mastercard IncMA	VEGN +3.02 points	0.89%	3.91%
Micron Technology IncMU	VEGN +3.02 points	1.19%	4.21%
NVIDIA CorpNVDA	KLMN +2.48 points	6.48%	4.00%
UnitedHealth Group IncUNH	VEGN +2.28 points	0.56%	2.84%
Apple IncAAPL	KLMN +2.14 points	7.56%	5.42%
Cisco Systems IncCSCO	VEGN +2.03 points	0.61%	2.64%
Palo Alto Networks IncPANW	VEGN +2.01 points	0.43%	2.44%
International Business Machines CorpIBM	VEGN +1.83 points	0.36%	2.19%
Texas Instruments IncTXN	VEGN +1.80 points	0.41%	2.21%
Applied Materials IncAMAT	VEGN +1.71 points	0.47%	2.18%
Crowdstrike Holdings IncCRWD	VEGN +1.62 points	0.35%	1.97%
Lam Research CorpLRCX	VEGN +1.59 points	0.43%	2.02%
Salesforce IncCRM	VEGN +1.52 points	0.33%	1.85%
Verizon Communications IncVZ	VEGN +1.50 points	0.35%	1.85%
Broadcom IncAVGO	VEGN +1.39 points	1.99%	3.38%
KLA CorpKLAC	VEGN +1.36 points	0.33%	1.69%
American Express CoAXP	VEGN +1.35 points	0.33%	1.68%
Oracle CorpORCL	VEGN +1.34 points	0.31%	1.65%
Intel CorpINTC	VEGN +1.33 points	0.38%	1.71%
Arista Networks IncANET	VEGN +1.24 points	0.32%	1.56%
Welltower IncWELL	VEGN +1.20 points	0.34%	1.54%
AT&T IncT	VEGN +1.19 points	0.28%	1.47%
Marvell Technology IncMRVL	VEGN +0.94 points	0.21%	1.15%
Seagate Technology Holdings PLCSTX	VEGN +0.78 points	0.18%	0.96%
Alphabet IncGOOGL	VEGN +0.71 points	2.76%	3.47%
Western Digital CorpWDC	VEGN +0.68 points	0.16%	0.84%
Deere & CoDE	VEGN +0.29 points	0.32%	0.61%
Accenture PLCACN	VEGN +0.27 points	0.31%	0.58%
Progressive Corp/ThePGR	VEGN +0.25 points	0.24%	0.49%
Booking Holdings IncBKNG	VEGN +0.23 points	0.23%	0.46%
S&P Global IncSPGI	VEGN +0.23 points	0.29%	0.52%
AppLovin CorpAPP	VEGN +0.22 points	0.14%	0.36%
McKesson CorpMCK	VEGN +0.21 points	0.26%	0.47%
Prologis IncPLD	VEGN +0.18 points	0.25%	0.43%
CME Group IncCME	VEGN +0.17 points	0.23%	0.40%
ServiceNow IncNOW	VEGN +0.17 points	0.22%	0.39%
Equinix IncEQIX	VEGN +0.17 points	0.19%	0.36%
Adobe IncADBE	VEGN +0.16 points	0.19%	0.35%
Automatic Data Processing IncADP	VEGN +0.16 points	0.29%	0.45%
Intuit IncINTU	VEGN +0.16 points	0.18%	0.34%
Cadence Design Systems IncCDNS	VEGN +0.16 points	0.16%	0.32%
Synopsys IncSNPS	VEGN +0.15 points	0.16%	0.31%
Bank of New York Mellon Corp/TheBNY	VEGN +0.15 points	0.22%	0.37%
Cloudflare IncNET	VEGN +0.15 points	0.16%	0.31%
Dell Technologies IncDELL	VEGN +0.14 points	0.20%	0.34%
Cigna Group/TheCI	VEGN +0.14 points	0.14%	0.28%
Snowflake IncSNOW	VEGN +0.14 points	0.20%	0.34%
O'Reilly Automotive IncORLY	VEGN +0.14 points	0.13%	0.27%
Fortinet IncFTNT	VEGN +0.13 points	0.14%	0.27%
Comcast CorpCMCSA	VEGN +0.12 points	0.20%	0.32%
Trane Technologies PLCTT	VEGN +0.11 points	0.21%	0.32%
Vertiv Holdings CoVRT	VEGN +0.11 points	0.12%	0.23%
T-Mobile US IncTMUS	VEGN +0.12 points	0.16%	0.28%
American Tower CorpAMT	VEGN +0.11 points	0.21%	0.32%
Vivmark ResidentialEQR	KLMN +0.12 points	0.29%	0.17%
Johnson Controls International plcJCI	VEGN +0.11 points	0.19%	0.30%
Datadog IncDDOG	VEGN +0.11 points	0.10%	0.21%
Arthur J Gallagher & CoAJG	VEGN +0.10 points	0.16%	0.26%
United Rentals IncURI	VEGN +0.10 points	0.14%	0.24%
DoorDash IncDASH	VEGN +0.11 points	0.12%	0.23%
Allstate Corp/TheALL	VEGN +0.10 points	0.14%	0.24%
Marsh & McLennan Cos IncMRSH	VEGN +0.10 points	0.26%	0.36%
Monolithic Power Systems IncMPWR	VEGN +0.10 points	0.11%	0.21%
Moody's CorpMCO	VEGN +0.09 points	0.19%	0.28%
NXP Semiconductors NVNXPI	VEGN +0.09 points	0.14%	0.23%
eBay IncEBAY	VEGN +0.08 points	0.12%	0.20%
Dover CorpDOV	KLMN +0.07 points	0.17%	0.10%
Aflac IncAFL	VEGN +0.08 points	0.13%	0.21%
Broadridge Financial Solutions IncBR	KLMN +0.07 points	0.15%	0.08%
Coherent CorpCOHR	VEGN +0.07 points	0.07%	0.14%
Simon Property Group IncSPG	VEGN +0.07 points	0.20%	0.27%
Lumentum Holdings IncLITE	VEGN +0.06 points	0.08%	0.14%
Block IncSQ	VEGN +0.06 points	0.11%	0.17%
Ciena CorpCIEN	VEGN +0.05 points	0.07%	0.12%
Autodesk IncADSK	VEGN +0.05 points	0.15%	0.20%
Aon PLCAON	VEGN +0.06 points	0.18%	0.24%
Teradyne IncTER	VEGN +0.05 points	0.07%	0.12%
Comfort Systems USA IncFIX	VEGN +0.05 points	0.08%	0.13%
Astera Labs IncALAB	VEGN +0.04 points	0.05%	0.09%
Iron Mountain IncIRM	VEGN +0.03 points	0.08%	0.11%
PACCAR IncPCAR	VEGN +0.03 points	0.16%	0.19%
Take-Two Interactive Software IncTTWO	VEGN +0.04 points	0.10%	0.14%
CBRE Group IncCBRE	VEGN +0.03 points	0.11%	0.14%
Willis Towers Watson PLCWTW	KLMN +0.03 points	0.14%	0.11%
Otis Worldwide CorpOTIS	KLMN +0.03 points	0.14%	0.11%
Verisk Analytics IncVRSK	KLMN +0.01 points	0.11%	0.10%
Workday IncWDAY	KLMN +0.01 points	0.16%	0.15%
Ventas IncVTR	VEGN +0.01 points	0.14%	0.15%
Nasdaq IncNDAQ	VEGN +0.01 points	0.16%	0.17%

All 273 KLMN holdings⁠All VEGN 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 VEGN Cost

Overpaying VEGN vs KLMN

$9,919

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

KLMN 0.09%
$1,898
VEGN 0.60%
$11,817

Amount$10,000

Years30 years

Cost over time

KLMN 0.09%
VEGN 0.60%
Overpaying

Year by year

Year	KLMN	VEGN	Overpaying
10	$165	$1,076	$911
20	$646	$4,116	$3,470
30	$1,898	$11,817	$9,919

Expense ratio

0.09%KLMN, cheaper
0.60%VEGN

KLMN0.09%VEGN0.60%

0.08%0.95%

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

KLMN 3rd cheapest of 47 funds

VEGN 44th cheapest of 47 funds

KLMN vs VEGN Dividends

Last 12 months to Nov 9, 2026

Yield (12M): KLMN 1.17%, better; VEGN 0.61%
Payout (12M): KLMN $0.36; VEGN $0.44
Last payment: KLMN $0.08; VEGN $0.06
Ex-dividend: KLMN Sep 21, 2026; VEGN Sep 15, 2026
Paid on: KLMN Sep 25, 2026; VEGN Sep 16, 2026
Frequency: KLMN Quarterly; VEGN Quarterly

Distribution history

Per share, 2019 to 2026, same scale for both

KLMNQuarterly · 7 paymentsAll KLMN payments⁠

VEGNQuarterly · 28 paymentsAll VEGN payments⁠

KLMN vs VEGN 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 2025VEGN 20.1%
Return per unit of riskSharpe ratio, 3 years: KLMN 0.83since Jan 2025VEGN 1.06
Worst fallMax drawdown, 5 years: KLMN −18.5%since Dec 2024VEGN −32.7%
Market sensitivityBeta, 5 years: KLMN 1.02VEGN 1.23; Market = 1

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