ICLN — iShares Global Clean Energy ETF

Overview

The iShares Global Clean Energy ETF (ICLN) is a thematic fund issued by iShares that currently holds $2.91 billion in assets under management. Trading at a price of $19.05, the fund carries an expense ratio of 0.39% and offers a dividend yield of 0.90%. Within the broader universe of 120 tracked ETFs, ICLN holds an overall rank of #106, while it sits among five funds in its specific thematic category. The ETFValuer analysis assigns the fund a grade of C, reflecting a composite score of 53.2 out of 100. This ranking places the fund in the lower tier of the tracked universe despite its significant asset base and thematic focus. The combination of a mid-tier grade and a substantial asset size suggests a specific level of investor adoption relative to its peers in the sector.

Recent price action shows a decline of 1.45% over one day and a sharper drop of 7.03% over the past week. The one-month return extends this negative trend with a loss of 10.41%, contrasting with a recovery to a 7.01% gain over three months. Momentum accelerated further over the six-month period to reach an 11.51% return, which aligns with the year-to-date performance of 11.70%. The one-year return demonstrates significant strength at 41.75%, while the three-year annualized return stands at 5.51%. This pattern indicates a divergence where short-term volatility has recently overshadowed the strong gains achieved over the preceding year.

The fund is classified with a High volatility label and exhibits a beta of 1.43, indicating price movements that are more pronounced than the broader market. A Sharpe ratio of 1.26 suggests that the returns generated have been efficient relative to the risk taken during the measured period. However, the maximum drawdown of -43.18% highlights the potential for severe capital erosion during market downturns. This combination of high beta and deep drawdowns implies that the ETF experiences amplified swings in both rising and falling market conditions. Investors face a profile where high potential returns are paired with significant downside exposure and elevated price instability.

AI-generated summary based on the data on this page.

ICLN Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing.

Market Backdrop

10-Year Treasury Yield: 4.55% (as of 2026-07-07) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 16.13 (as of 2026-07-07) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

ICLN Performance History

How ICLN Compares to Other Thematic ETFs