ACES Outpaces WilderHill Clean Energy Index YTD

Momentum in the clean energy space continued in August with the Biden administration officially signing the Inflation Reduction Act (IRA) into law, which includes many clean energy incentives, propelling the ALPS Clean Energy ETF (ACES A-) ahead.

ACES gained 5.90% in August 2022, outpacing the WilderHill Clean Energy Index (ECO) in a month that saw all but one segment in the green as ACES continued to handily outpace ECO year-to-date, ALPS wrote in a recent insight

Year-to-date through August 31, ACES has returned -1.31% while ECO has returned -20.15%, according to ALPS. Over a one-year period, ACES has returned -9.95% and ECO has returned -29.54%, as of the end of August.

ACES tracks a market-cap-weighted index of North American companies involved in the clean energy industry. The index provider targets companies that enable the evolution of a more sustainable energy sector, and includes activities such as renewable energy sources (solar, wind, hydropower, biofuels), clean technologies (electric vehicles, battery technology, fuel cells, smart grids), and any other emerging clean energy technology.