VCLNETF / FundVirtus Duff & Phelps Clean Energy ETF
Verdicts genuinely change. Free email alert the moment VCLN's does — no target price to set, unlike a price alert.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
Virtus Duff & Phelps Clean Energy ETF ETF · Virtus ETF Trust II
42 holdings · as of 2026-07-31 (3.5 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
NON-COMPLIANT 37.36% of portfolio weight is in non-compliant holdings, over the 5% threshold.
42 holdings, 37 matched (91% of weight). Portfolio as of 2026-07-31, filed 2026-09-29. Source: SEC Form N-PORT.
0.97% of this portfolio’s income is non-permissible — weighted across holdings, computed over 84% of portfolio weight (35 of 42 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
53.5% compliant 0.0% questionable 37.4% non-compliant 8.6% unscreened
All holdings (42)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| FSLR FIRST SOLAR INC | COMPLIANT | 8.07% | AAOIFI0.9% Usmani1.4% Dow Jones Islamic0.7% S&P Shariah0.7% MSCI Islamic1.2% MSCI Islamic M-Series0.7% FTSE Shariah0.3% |
| BE BLOOM ENERGY CORP | COMPLIANT | 6.86% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| 600900.SS CHINA YANGTZE POWER CO LTD | NON_COMPLIANT | 6.63% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NXT NEXTPOWER INC | COMPLIANT | 5.98% | AAOIFI0.3% Usmani0.9% Dow Jones Islamic0.4% S&P Shariah0.5% MSCI Islamic0.9% MSCI Islamic M-Series0.5% FTSE Shariah0.0% |
| ENPH ENPHASE ENERGY INC | COMPLIANT | 4.33% | AAOIFI11.9% Usmani22.5% Dow Jones Islamic9.1% S&P Shariah6.3% MSCI Islamic22.5% MSCI Islamic M-Series6.3% FTSE Shariah21.0% |
| IBE.MC IBERDROLA SA | NON_COMPLIANT | 4.00% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CWEN CLEARWAY ENERGY INC | NON_COMPLIANT | 3.67% | AAOIFI149.5% Usmani59.1% Dow Jones Islamic162.1% S&P Shariah178.3% MSCI Islamic59.1% MSCI Islamic M-Series178.3% FTSE Shariah54.3% |
| VWS.CO VESTAS WIND SYSTEMS A/S | COMPLIANT | 3.56% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 7794.T EDP SA | COMPLIANT | 3.19% | AAOIFI3.0% Usmani19.9% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic19.3% MSCI Islamic M-Seriespass FTSE Shariah19.3% |
| PRY.MI PRYSMIAN SPA | COMPLIANT | 2.90% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| IFX.DE INFINEON TECHNOLOGIES AG | COMPLIANT | 2.70% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| PLUG PLUG POWER INC | COMPLIANT | 2.47% | AAOIFI25.2% Usmani37.6% Dow Jones Islamic31.7% S&P Shariah31.3% MSCI Islamic36.3% MSCI Islamic M-Series31.3% FTSE Shariah26.5% |
| FORTUM.HE FORTUM OYJ | COMPLIANT | 2.44% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| MAIRE.MI MAIRE SPA | NON_COMPLIANT | 2.42% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| CWR.L CERES POWER HOLDINGS PLC | NON_COMPLIANT | 2.37% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ORSTED A/S | UNSCREENED | 2.29% | no in-house ratios for this holding |
| SPIE.PA SPIE SA | NON_COMPLIANT | 2.23% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| AXIA3.SA AXIA ENERGIA SA | NON_COMPLIANT | 2.17% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| BBY.L BALFOUR BEATTY PLC | NON_COMPLIANT | 2.15% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| SEDG SOLAREDGE TECHNOLOGIES INC | UNRATED | 2.00% | AAOIFI2.0% Usmani2.7% Dow Jones Islamic2.4% S&P Shariah1.7% MSCI Islamic1.8% MSCI Islamic M-Series1.7% FTSE Shariah0.0% |
| ABB LTD (CH) | UNSCREENED | 1.94% | no in-house ratios for this holding |
| CEG CONSTELLATION ENERGY CORP | COMPLIANT | 1.93% | AAOIFI19.6% Usmani19.8% Dow Jones Islamic20.4% S&P Shariah23.6% MSCI Islamic19.8% MSCI Islamic M-Series23.6% FTSE Shariah19.8% |
| ORA ORMAT TECHNOLOGIES INC | NON_COMPLIANT | 1.72% | AAOIFI22.1% Usmani18.2% Dow Jones Islamic21.0% S&P Shariah23.1% MSCI Islamic18.1% MSCI Islamic M-Series23.1% FTSE Shariah17.3% |
| EDP RENEWABLES SA | UNSCREENED | 1.55% | no in-house ratios for this holding |
| NEE NEXTERA ENERGY INC | NON_COMPLIANT | 1.52% | AAOIFI55.9% Usmani44.2% Dow Jones Islamic61.0% S&P Shariah66.0% MSCI Islamic44.2% MSCI Islamic M-Series66.0% FTSE Shariah44.2% |
| ENERGISA SA | UNSCREENED | 1.51% | no in-house ratios for this holding |
| 0968.HK XINYI SOLAR HOLDINGS LTD | NON_COMPLIANT | 1.42% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| SLR.MC SOLARIA ENERGIA Y MEDIO AMBIENTE SA | NON_COMPLIANT | 1.39% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SO SOUTHERN COMPANY (THE) | NON_COMPLIANT | 1.38% | AAOIFI68.7% Usmani45.3% Dow Jones Islamic72.3% S&P Shariah78.7% MSCI Islamic44.8% MSCI Islamic M-Series78.7% FTSE Shariah43.8% |
| GUANGDONG INVESTMENT LTD | UNSCREENED | 1.34% | no in-house ratios for this holding |
| STR.VI STRABAG SE | NON_COMPLIANT | 1.31% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| HUBB HUBBELL INC | COMPLIANT | 1.28% | AAOIFI11.2% Usmani32.5% Dow Jones Islamic11.8% S&P Shariah12.7% MSCI Islamic32.5% MSCI Islamic M-Series12.7% FTSE Shariah30.6% |
| 300274.SZ SUNGROW POWER SUPPLY CO LTD | COMPLIANT | 1.18% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| GEV GE VERNOVA INC | COMPLIANT | 1.17% | AAOIFI1.1% Usmani3.5% Dow Jones Islamic1.7% S&P Shariah2.0% MSCI Islamic3.5% MSCI Islamic M-Series2.0% FTSE Shariah3.5% |
| MTZ MASTEC INC | COMPLIANT | 1.04% | AAOIFI16.4% Usmani33.2% Dow Jones Islamic19.2% S&P Shariah24.0% MSCI Islamic29.6% MSCI Islamic M-Series24.0% FTSE Shariah25.1% |
| 9502.T CHUBU ELECTRIC POWER CO INC | NON_COMPLIANT | 1.02% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| VLX.L VOLEX PLC | COMPLIANT | 0.99% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 0916.HK CHINA LONGYUAN POWER GROUP CORP LTD | NON_COMPLIANT | 0.98% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CCJ CAMECO CORP | COMPLIANT | 0.82% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| 336260.KS DOOSAN FUEL CELL CO LTD | COMPLIANT | 0.57% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| AXIA3.SA AXIA ENERGIA SA | NON_COMPLIANT | 0.57% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| ARRY ARRAY TECHNOLOGIES INC | NON_COMPLIANT | 0.42% | AAOIFI95.8% Usmani47.9% Dow Jones Islamic66.8% S&P Shariah55.0% MSCI Islamic45.1% MSCI Islamic M-Series55.0% FTSE Shariah41.8% |
The published standards disagree about this fund by 21 points of portfolio weight — 46.8% of it passes FTSE Shariah, 26.1% passes MSCI Islamic. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 39.5% ratios fail on 35.6% 24.4% not rated under AAOIFI
ratios pass on 41.1% ratios fail on 34.0% 24.4% not rated under Usmani
ratios pass on 35.0% ratios fail on 40.1% 24.4% not rated under Dow Jones Islamic
ratios pass on 37.0% ratios fail on 38.1% 24.4% not rated under S&P Shariah
ratios pass on 26.1% ratios fail on 49.0% 24.4% not rated under MSCI Islamic
ratios pass on 37.0% ratios fail on 38.1% 24.4% not rated under MSCI Islamic M-Series
ratios pass on 46.8% ratios fail on 28.3% 24.4% not rated under FTSE Shariah
36 of 42 listed holdings carry our own per-methodology verdicts (91% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 15 (40% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| 600900.SS CHINA YANGTZE POWER CO LTD | 6.63% |
| IBE.MC IBERDROLA SA | 4.00% |
| CWEN CLEARWAY ENERGY INC | 3.67% |
| MAIRE.MI MAIRE SPA | 2.42% |
| CWR.L CERES POWER HOLDINGS PLC | 2.37% |
| SPIE.PA SPIE SA | 2.23% |
| AXIA3.SA AXIA ENERGIA SA | 2.17% |
| BBY.L BALFOUR BEATTY PLC | 2.15% |
| ORA ORMAT TECHNOLOGIES INC | 1.72% |
| NEE NEXTERA ENERGY INC | 1.52% |
Methodology breakdown computing — it will appear here on its own.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
Virtus Duff & Phelps Clean Energy ETF (VCLN) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for VCLN — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
Price Forecast
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Technical Summary
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 43.30 | NEUTRAL |
| Stochastic %K (14) | 23.78 | NEUTRAL |
| CCI (20) | -64.45 | NEUTRAL |
| Williams %R (14) | -76.22 | NEUTRAL |
| MACD (12,26,9) | 0.07 | BUY |
| ROC (10) | 2.00 | BUY |
| Momentum (10) | 0.50 | BUY |
| EMA (10) | 25.68 | SELL |
| SMA (10) | 25.79 | SELL |
| EMA (20) | 25.84 | SELL |
| SMA (20) | 25.59 | SELL |
| EMA (30) | 26.08 | SELL |
| SMA (30) | 26.08 | SELL |
| EMA (50) | 26.56 | SELL |
| SMA (50) | 26.74 | SELL |
| EMA (100) | 27.43 | SELL |
| SMA (100) | 27.60 | SELL |
| EMA (200) | 27.90 | SELL |
| SMA (200) | 28.93 | SELL |
About Virtus Duff & Phelps Clean Energy ETF
Under normal market conditions, the fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of clean energy companies. The sub-adviser defines clean energy companies as those that derive at least 50% of their value from one or more of the following clean energy businesses: (a) the production of clean energy; (b) the provision of clean energy technology and equipment; or (c) the transmission and distribution of clean energy. It is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Average — needs more confirmation before sizing up
SMC — Top Down
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BEARISH | 44 |
| ⏲ 5-Min | NEUTRAL | 28 |
Momentum & Volume
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
Peer Movement
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
Before you act on this
The questions worth asking about any verdict on this page, answered plainly.
Is a fund screened on its name?
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
What does unrated weight mean?
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
Does the issuer's board make it compliant?
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
How often is this re-screened?
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Compare with
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Insider Activity (90d)
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-11-03 · Asset managers net 928584 (+5135)
AI Summary
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.