This year’s rally in exchange-traded funds specializing in clean energy is leaving larger peers in the environmental, social and governance sector far behind.

One example is the $1.2 billion Invesco Solar ETF’s 75% jump this year, which exceeds the 9% climb in the $8.6 billion iShares ESG Aware MSCI USA ETF, the biggest such fund in the ESG space. The S&P Global Clean Energy Index has climbed 41% this year, compared with an advance of 2% in a global stock market gauge.

A range of factors have been cited for the clean-tech rally, including greater investor pressure to pursue ESG themes, maturing wind and solar industries that demonstrated resiliency after the collapse in oil prices earlier this year, as well as the prospect of huge government spending on green projects.

“An S&P 500 ESG versus the niche clean energy ETF, you are still going to see very significant differences in ESG style and therefore outcome in performance and composition, as well in terms of securities,” said Cathrine de Coninck-Lopez, global head of ESG with Invesco.

Other clean-energy ETFs, such as the First Trust Nasdaq Clean Edge Green Energy Index Fund, the Invesco WilderHill Clean Energy ETF, ALPS Clean Energy ETF and SPDR S&P Kensho Clean Power ETF, are all up at least 40% this year.

Major broad-based ESG ETFs trail behind. The $2.6 billion Xtrackers MSCI USA ESG Leaders Equity ETF is up about 6% over the same period, while the $1.9 billion Vanguard ESG US Stock ETF has posted an 11% gain.

The iShares ESG Aware MSCI USA’s top holdings are familiar names Apple Inc. and Microsoft Corp. Invesco Solar’s biggest investments, like SolarEdge Technologies Inc. and Sunrun Inc., have more than doubled year-to-date, well ahead of the tech giants.

ESG ETFs have attracted more than $35 billion of net inflows so far in 2020, and assets across all types of ESG funds topped $1 trillion for the first time last quarter, a Morningstar Inc. report shows.

This article was provided by Bloomberg News.