ICLN — iShares Global Clean Energy ETF

ICLN Price Performance — Growth of $10,000

Value of a $10,000 investment in ICLN over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

ICLN Drawdown

The "underwater" chart: ICLN's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

Issued by iShares, the iShares Global Clean Energy ETF is a $2.23 billion fund tracking the Energy category. It holds the sole lowest rank in its category, placing 10th of 10 peers, and carries an overall rank of #401 of 458 tracked ETFs across all categories. The fund has received an ETFValuer grade of D with a score of 45.2 out of 100. Its expense ratio stands at 0.38%, slightly above the category median of 0.36%, while its dividend yield of 1.06% trails the median of 2.28%. The top ten holdings comprise 54.5% of assets, with First Solar, Inc. representing the largest single position at 8.1%.

The fund’s price of $17.31 sits at 20.6% of its 52-week range, reflecting a recent 1-day decline of 1.31% and a one-month drop of 5.46%. Despite these short-term losses, the fund posted a one-year return of 8.78%, which significantly underperforms the category median of 44.11%. Longer-term performance shows a 3-year return of 28.17%, contrasting with a year-to-date gain of 1.50%. The rating grade of D has remained unchanged over the last 35 tracked days. Price history data is available for 3.0 years, providing a limited historical context for the current performance metrics.

With an annualised volatility of 30.92%, the fund is classified as Very High risk. A beta of 1.39 indicates that the ETF moves 139% as much as the broader market, amplifying its exposure to market swings. This heightened sensitivity is reflected in a maximum drawdown of -31.77%, suggesting significant peak-to-trough declines. The Sharpe ratio of 0.12 implies that risk-adjusted returns have been minimal relative to the volatility experienced. Liquidity is supported by an average daily volume of 6,486,757 shares, facilitating trading activity despite the high price fluctuations.

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

ICLN Top Holdings

Holdings as of 2026-07-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 54.5% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how ICLN's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With ICLN

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with ICLN's top 10 — TAN overlaps most, holding 3 of the same companies as ICLN's top 10 (19.7% of ICLN's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 5.27% (as of 2026-10-06) — 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): 15.01 (as of 2026-10-06) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

ICLN Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 6.5M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $2.23B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: ICLN is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

ICLN Performance History

How ICLN Compares to Other Energy ETFs