A side-by-side comparison of BMO Clean Energy Index ETF (ZCLN) and Harvest Clean Energy ETF Class A units (HCLN) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | ZCLN | HCLN |
|---|---|---|
| YTD Return | -3.70%✓ | -19.52% |
| 1-Day Change | -2.02%✓ | -2.87% |
| 1-Week Change | -3.06%✓ | -4.20% |
| 1-Month Change | -9.59% | -13.42%✓ |
| Current Price | $17.44 | $8.45 |
| AUM | $70M✓ | $17M |
| MER (Expense Ratio) | 0% | 0% |
| Dividend Yield | 1.63% | — |
| Distribution Frequency | Annually | Annually |
| Inception Date | 2021-01-26 | 2021-01-11 |
| Holdings Count | 10 | 10 |
| MorningStar Rating | — | — |
| Category | — | — |
| Beta | 1.00 | 0.92 |
| 52-Week High | $25.30 | $12.90 |
| 52-Week Low | $17.18 | $8.43 |
| 50-Day MA | $18.81 | $9.46 |
| 200-Day MA | $20.17 | $10.58 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | ZCLN | HCLN |
|---|---|---|
| YTD | -3.70%✓ | -19.52% |
| 1 Year | +0.55%✓ | -18.18% |
| 3 Year | +8.02%✓ | -0.73% |
| 5 Year | -3.02%✓ | -10.69% |
| 10 Year | — | — |
| 1Y Volatility | 33.38% | 27.13% |
| Sharpe Ratio (3Y) | 0.31 | -0.03 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | BE | Bloom Energy Corp | 9.53% |
| 2 | FSLR | First Solar Inc | 7.54% |
| 3 | 600900 | China Yangtze Power Co Ltd | 7.54% |
| 4 | NXT | Nextpower Inc. | 6.81% |
| 5 | VWS | Vestas Wind Systems A/S | 4.39% |
| 6 | ENPH | Enphase Energy Inc | 4.09% |
| 7 | EQTL3 | Equatorial Energia S.A | 3.58% |
| 8 | EDP | EDP - Energias de Portugal S.A. | 2.95% |
| 9 | PLUG | Plug Power Inc | 2.64% |
| 10 | 9502 | Chubu Electric Power Co. Inc. | 2.69% |
| 1 | 3800 | GCL-Poly Energy Holdings Ltd | 3.22% |
| 2 | LAND | Landis+Gyr Group AG | 2.95% |
| 3 | VWS | Vestas Wind Systems A/S | 2.90% |
| 4 | VER | VERBUND AG | 2.97% |
| 5 | RNW | Renew Energy Global PLC | 2.81% |
| 6 | DRX | Drax Group PLC | 2.70% |
| 7 | SCATC | Scatec Solar OL | 2.70% |
| 8 | ANE | Corporacion Acciona Energias Renovables SA | 2.75% |
| 9 | S92 | SMA Solar Technology AG | 2.61% |
| 10 | REX | REX American Resources Corporation | 2.70% |
Sector Weights
| Sector | ZCLN | HCLN |
|---|---|---|
| Basic Materials | 1.99% | 2.66% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 0.00% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 26.58% | 25.22% |
| Real Estate | 0.00% | 0.00% |
| Technology | 29.49% | 20.95% |
| Utilities | 39.26% | 52.76% |
About ZCLN
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About HCLN
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Which ETF is Right for You?
Both ZCLN and HCLN are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, ZCLN scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between ZCLN and HCLN?
ZCLN (BMO Clean Energy Index ETF) and HCLN (Harvest Clean Energy ETF Class A units) are both Canadian-listed ETFs. Key differences include their AUM ($70M vs $17M), dividend yield (1.63% vs N/A), and year-to-date performance (-3.70% vs -19.52%).
Is ZCLN better than HCLN?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, ZCLN has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy ZCLN and HCLN on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both ZCLN and HCLN should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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