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^STOXX vs. ICLN
Performance
Return for Risk
Drawdowns
Volatility

^STOXX vs. ICLN

Last updated Jun 13, 2026

^STOXX (STOXX Europe 600 Index) is an index, while ICLN (iShares Global Clean Energy ETF) is Alternative Energy Equities fund tracking the S&P Global Clean Energy Index. Over the past 10 years, ^STOXX returned 7.05%/yr vs 11.32%/yr for ICLN. At a 0.46 correlation, their price movements are largely independent.

Performance

^STOXX vs. ICLN - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in STOXX Europe 600 Index (^STOXX) and iShares Global Clean Energy ETF (ICLN). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

^STOXX is traded in EUR, while ICLN is traded in USD. To make them comparable, the ICLN values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, ^STOXX achieves a 6.82% return, which is significantly lower than ICLN's 29.29% return. Over the past 10 years, ^STOXX has underperformed ICLN with an annualized return of 7.05%, while ICLN has yielded a comparatively higher 11.32% annualized return.

^STOXX

1D
1.88%
1M
3.56%
YTD
6.82%
6M
9.51%
1Y
16.20%
3Y*
10.98%
5Y*
6.72%
10Y*
7.05%

ICLN

1D
0.95%
1M
-4.63%
YTD
29.29%
6M
28.89%
1Y
59.96%
3Y*
2.84%
5Y*
0.70%
10Y*
11.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

^STOXX vs. ICLN - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
^STOXX
STOXX Europe 600 Index		6.82%17.42%5.39%12.74%-13.06%22.10%-3.83%23.78%-13.61%7.68%
ICLN
iShares Global Clean Energy ETF		29.29%29.60%-20.81%-22.79%0.43%-18.51%121.89%47.62%-4.76%6.54%

Correlation

The correlation between ^STOXX and ICLN is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.38

Correlation (3Y)
Calculated over the trailing 3-year period

0.36

Correlation (5Y)
Calculated over the trailing 5-year period

0.36

Correlation (10Y)
Calculated over the trailing 10-year period

0.40

Correlation (All Time)
Calculated using the full available price history since Jun 25, 2008

0.46

The correlation between ^STOXX and ICLN shifts across timeframes, from 0.36 (5 years) to 0.46 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

STOXX Europe 600 Index

iShares Global Clean Energy ETF

Often compared with ^STOXX:
^STOXX vs. SPY^STOXX vs. VOO^STOXX vs. ACWI^STOXX vs. ^GSPC^STOXX vs. EUR=X^STOXX vs. EURUSD=X^STOXX vs. ^NDX
Often compared with ICLN:
ICLN vs. TANICLN vs. QCLNICLN vs. GRIDICLN vs. INRG.LICLN vs. PBWICLN vs. CNRGICLN vs. LIT

Return for Risk

^STOXX vs. ICLN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
^STOXX
^STOXX Risk / Return Rank: 4444
Overall Rank
^STOXX Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
^STOXX Sortino Ratio Rank: 4545
Sortino Ratio Rank
^STOXX Omega Ratio Rank: 4545
Omega Ratio Rank
^STOXX Calmar Ratio Rank: 4040
Calmar Ratio Rank
^STOXX Martin Ratio Rank: 4747
Martin Ratio Rank
ICLN
ICLN Risk / Return Rank: 7575
Overall Rank
ICLN Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
ICLN Sortino Ratio Rank: 7070
Sortino Ratio Rank
ICLN Omega Ratio Rank: 6767
Omega Ratio Rank
ICLN Calmar Ratio Rank: 8181
Calmar Ratio Rank
ICLN Martin Ratio Rank: 8181
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^STOXX vs. ICLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for STOXX Europe 600 Index (^STOXX) and iShares Global Clean Energy ETF (ICLN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

^STOXXICLNDifference
Sharpe ratioReturn per unit of total volatility
1.25
2.27

-1.02

Sortino ratioReturn per unit of downside risk
1.88
2.87

-0.99

Omega ratioGain probability vs. loss probability

1.23

1.36

-0.13

Calmar ratioReturn relative to maximum drawdown

1.61

3.91

-2.31

Martin ratioReturn relative to average drawdown

5.82

13.46

-7.65

^STOXX vs. ICLN - Sharpe Ratio Comparison

The current ^STOXX Sharpe Ratio is 1.25, which is lower than the ICLN Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of ^STOXX and ICLN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

^STOXX vs. ICLN - Drawdown Comparison

The maximum ^STOXX drawdown since its inception was -60.54%, smaller than the maximum ICLN drawdown of -84.40%. Use the drawdown chart below to compare losses from any high point for ^STOXX and ICLN.

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Drawdown Indicators

^STOXXICLNDifference

Max Drawdown

Largest peak-to-trough decline

-60.54%

-84.40%

+23.86%

Max Drawdown (1Y)

Largest decline over 1 year

-9.56%

-15.69%

+6.13%

Max Drawdown (3Y)

Largest decline over 3 years

-16.56%

-42.73%

+26.17%

Max Drawdown (5Y)

Largest decline over 5 years

-22.55%

-57.06%

+34.51%

Max Drawdown (10Y)

Largest decline over 10 years

-35.55%

-62.76%

+27.21%

Current Drawdown

Current decline from peak

-0.10%

-28.84%

+28.74%

Average Drawdown

Average peak-to-trough decline

-14.61%

-57.98%

+43.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.68%

4.55%

-1.87%

Volatility

^STOXX vs. ICLN - Volatility Comparison

The current volatility for STOXX Europe 600 Index (^STOXX) is 3.17%, while iShares Global Clean Energy ETF (ICLN) has a volatility of 12.22%. This indicates that ^STOXX experiences smaller price fluctuations and is considered to be less risky than ICLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

^STOXXICLNDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.17%

12.22%

-9.05%

Volatility (6M)

Calculated over the trailing 6-month period

10.28%

21.55%

-11.27%

Volatility (1Y)

Calculated over the trailing 1-year period

12.30%

27.08%

-14.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.22%

26.01%

-11.79%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.50%

26.55%

-11.05%

Frequently Asked Questions

^STOXX and ICLN have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ICLN has higher volatility (12.22%) compared to ^STOXX (3.17%). In terms of maximum drawdown, ^STOXX dropped -60.54% vs ICLN's -84.40%.

ICLN currently has the higher Sharpe Ratio (2.27 vs 1.25), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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