Overview
The global wind industry — Vestas and Nordex's turbines, Ørsted's offshore farms and the installation fleet, 50 names in the only dedicated wind fund.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| ORSTED | Ørsted A/S | 8.2% |
| NDX1 | Nordex SE | 8.1% |
| VWS | Vestas Wind Systems | 7.3% |
| EDPR | EDP Renováveis | 7.3% |
| 0916 | China Longyuan Power | 5.6% |
| CADLR | Cadeler A/S | 4.5% |
| ERG | ERG S.p.A. | 4.1% |
| 112610 | CS Wind | 3.2% |
| XJNGF | Goldwind | 2.8% |
| IBE | Iberdrola | 2.3% |
Fund Details
Investment Thesis
Wind's brutal half-decade — rate shocks, offshore write-downs, supply-chain inflation — ended with the survivors repricing: +9% as turbine orders recovered and Europe's energy-security buildout locked in demand for a generation. Vestas and Nordex now sell from multi-year backlogs at repaired margins, and the offshore specialists like Cadeler are booked solid. The consolidation thesis: fewer players, firmer prices, same inevitable demand.
Who It's For
Energy-transition investors buying wind's survivors after the washout — the consolidated industry at backlog-supported valuations.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $11.70 | -- |
| 2017 | $13.25 | +13.2% |
| 2018 | $11.46 | -13.5% |
| 2019 | $14.65 | +27.8% |
| 2020 | $23.30 | +59.1% |
| 2021 | $20.24 | -13.1% |
| 2022 | $17.32 | -14.4% |
| 2023 | $16.48 | -4.8% |
| 2024 | $14.80 | -10.2% |
| 2025 | $20.47 | +38.3% |
| Year | Yield |
|---|---|
| 2016 | 2.70% |
| 2017 | 2.70% |
| 2018 | 2.44% |
| 2019 | 2.64% |
| 2020 | 1.33% |
| 2021 | 1.73% |
| 2022 | 1.53% |
| 2023 | 1.73% |
| 2024 | 1.37% |
| 2025 | 1.50% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $0.1B | -- |
| 2017 | $0.1B | +0.0% |
| 2018 | $0.1B | +0.0% |
| 2019 | $0.1B | +0.0% |
| 2020 | $0.2B | +100.0% |
| 2021 | $0.2B | +0.0% |
| 2022 | $0.2B | +0.0% |
| 2023 | $0.2B | +0.0% |
| 2024 | $0.1B | -50.0% |
| 2025 | $0.2B | +100.0% |
Price history from exchange data. Dividend yields from reported distributions; some earlier years are derived from total-return vs price-return data or are ETFHub estimates. AUM history is an ETFHub estimate modelled from current assets and annual returns (fund flows not reflected) and may differ from official fund records. Data as of October 2026.
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