ICLN — iShares Global Clean Energy ETF
Energy Ranked #392 of 458 tracked ETFs · Issued by iShares
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.
What If You'd Invested in ICLN?
See what a lump sum in ICLN would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The iShares Global Clean Energy ETF (ICLN) is an Energy sector fund managed by iShares with $2.91 billion in assets under management. It currently holds an overall rank of #392 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of D with a score of 47.3 out of 100. The fund charges an expense ratio of 0.39% and offers a dividend yield of 0.90%. Trading at a price of $16.87, the fund's asset size and ranking suggest it occupies a mid-tier position within the broader market despite its significant capital base. This ranking places it below the average performance of the 10 ETFs ETFValuer tracks in the Energy category. The combination of its cost structure and yield profile defines its current income and expense characteristics for investors.
Recent price action shows a sharp decline over the last month, with the fund falling 15.14% over one month and 14.74% over three months. Short-term momentum remains negative, evidenced by a 1-day drop of 1.92% and a weekly loss of 9.01%. Year-to-date returns stand at -1.08%, indicating the fund has struggled to recover gains in the current calendar year. However, the 1-year return of +23.53% demonstrates a significant recovery from earlier periods, contrasting with the 3-year return of +2.44%. This pattern suggests a period of strong annual growth that has recently been offset by substantial short-term volatility and recent drawdowns.
The fund carries a Very High volatility label and a beta of 1.43, indicating that its price movements are significantly more sensitive to market fluctuations than the broader benchmark. A maximum drawdown of -40.82% highlights the potential for severe capital erosion during market downturns. The Sharpe ratio of 0.61 reflects the risk-adjusted return profile relative to the volatility experienced. This combination of high beta and deep drawdowns implies that the fund tends to amplify market moves in both directions, offering higher potential returns during upswings but exposing investors to substantial losses during declines.
AI-generated summary based on the data on this page.
ICLN Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | BLOOM ENERGY CORPORATION | 13.70% | $343M |
| 2 | NEXTPOWER INC. | 7.26% | $182M |
| 3 | BlackRock Funds III: BlackRock Cash Funds: Institutional; SL Agency Shares | 7.14% | $179M |
| 4 | FIRST SOLAR, INC. | 7.14% | $179M |
| 5 | China Yangtze Power Co., Ltd. | 5.88% | $147M |
| 6 | VESTAS WIND SYSTEMS A/S | 3.36% | $84M |
| 7 | PLUG POWER INC. | 3.27% | $82M |
| 8 | ENPHASE ENERGY, INC. | 3.24% | $81M |
| 9 | EQUATORIAL S.A. | 2.88% | $72M |
| 10 | SUZLON ENERGY LIMITED | 2.37% | $59M |
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 — QCLN overlaps most, holding 3 of the same companies as ICLN's top 10 (28.1% of ICLN's assets).
| ETF | Name | Shared Companies | ICLN Weight | Examples |
|---|---|---|---|---|
| QCLN | First Trust NASDAQ Clean Edge Green Energy Index Fund | 3 | 28.1% | BLOOM ENERGY CORPORATION, FIRST SOLAR, INC., NEXTPOWER INC. |
| TAN | Invesco Solar ETF | 3 | 17.6% | FIRST SOLAR, INC., NEXTPOWER INC., ENPHASE ENERGY, INC. |
| VTWO | Vanguard Russell 2000 Index Fund ETF Shares | 2 | 21.0% | BLOOM ENERGY CORPORATION, NEXTPOWER INC. |
| IWM | iShares Russell 2000 ETF | 1 | 13.7% | BLOOM ENERGY CORPORATION |
| SCHM | Schwab U.S. Mid-Cap ETF | 1 | 13.7% | BLOOM ENERGY CORPORATION |
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: 4.61% (as of 2026-07-28) — 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): 18.21 (as of 2026-07-28) — 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.
What ICLN's Fees Cost You
ICLN charges an expense ratio of 0.39% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
ICLN Dividend Income Estimator
ICLN currently yields 0.90%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
ICLN Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 0.59% and average daily volume is 5.8M/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 $2.91B 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
| Period | Return |
|---|---|
| 1-Day | -1.92% |
| 1-Week | -9.01% |
| 1-Month | -15.14% |
| 3-Month | -14.74% |
| 6-Month | -8.96% |
| YTD | -1.08% |
| 1-Year | +23.53% |
| 3-Year | +2.44% |
How ICLN Compares to Other Energy ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #39 | B+ |
XLE | State Street Energy Select Sector SPDR ETF | +37.31% | 0.08% | $35.7B |
| #44 | B+ |
MLPX | Global X MLP & Energy Infrastructure ETF | +28.28% | 0.45% | $3.48B |
| #51 | B |
VDE | Vanguard Energy Index Fund ETF Shares | +37.33% | 0.09% | $11.1B |
| #93 | B |
FENY | Fidelity MSCI Energy Index ETF | +37.25% | 0.084% | $1.75B |
| #118 | B |
AMLP | Alerian MLP ETF | +21.03% | 1.01% | $12.2B |
| #133 | B |
IYE | iShares U.S. Energy ETF | +36.50% | 0.38% | $1.53B |
| #259 | C |
IEO | iShares U.S. Oil & Gas Exploration & Production ETF | +37.39% | 0.38% | $516M |
| #275 | C |
XOP | State Street SPDR S&P Oil & Gas Exploration & Production ETF | +34.45% | 0.35% | $2.91B |
| #276 | C |
OIH | VanEck Oil Services ETF | +45.86% | 0.35% | $1.99B |
| #392 | D |
ICLN | iShares Global Clean Energy ETF | +23.53% | 0.39% | $2.91B |