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

iShares Global Clean Energy ETF (ICLN) is a specialized energy ETF that tracks a global clean energy index. Issued by iShares, it is one of the 10 ETFs tracked in its category. Positioned at the 407th rank among 458 tracked ETFs, it has a relatively lower grade of D (score 45.4/100), indicating areas for improvement. The expense ratio of 0.39% is modest, and it offers a dividend yield of 1.05%, providing a modest income stream for investors. Despite its price of $17.59 and assets under management (AUM) of $2.31B, the fund's position suggests a moderate level of investor adoption, as it is neither the most popular nor the least popular in its category.

ICLN's performance has shown a mixed pattern over different time horizons. In the short term, the fund experienced a decline of 0.23% on a single-day basis, followed by a more significant drop of 3.40% over a week. Over a month, the fund lost 4.25%, and in the three-month period, it saw a substantial decline of 20.48%. However, the six-month return was less severe at -6.73%, and the year-to-date performance was positive at 3.14%. The one-year return was notably higher at 23.52%, and the three-year return was 14.38%, indicating a recovery from the earlier losses. The performance suggests a volatile but recovering trend, with short-term volatility leading to more stable returns over longer periods.

ICLN is categorized as having a very high volatility label, which is reflected in its beta of 1.49, indicating that it is more sensitive to market movements than the broader market. The Sharpe ratio of 0.61 suggests that the fund provides a moderate risk-adjusted return, meaning that for the level of risk taken, the returns are reasonable but not exceptional. The maximum drawdown of -34.59% highlights the fund's potential for significant losses during downturns. This combination of high volatility, a beta above 1, and a notable drawdown implies that the fund is suitable for investors who are willing to accept higher risk for the potential of higher returns, particularly in a market that experiences significant fluctuations. In up markets, ICLN is likely to outperform the broader market, but in down markets, it is also more susceptible to large losses.

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. Top 10 holdings make up 56.2% 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 (17.6% 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: 4.69% (as of 2026-08-20) — 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): 16.01 (as of 2026-08-20) — 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 2026-07-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

ICLN Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.94% and average daily volume is 5.9M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $2.31B 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