ACES vs. ICLN
Compare and contrast key facts about ALPS Clean Energy ETF (ACES) and iShares Global Clean Energy ETF (ICLN).
ACES and ICLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ACES is a passively managed fund by SS&C that tracks the performance of the CIBC Atlas Clean Energy Index. It was launched on Jun 29, 2018. ICLN is a passively managed fund by iShares that tracks the performance of the S&P Global Clean Energy Index. It was launched on Jun 24, 2008. Both ACES and ICLN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ACES or ICLN.
Key characteristics
| ACES | ICLN | |
|---|---|---|
| YTD Return | -19.31% | -13.05% |
| 1Y Return | -9.30% | -0.18% |
| 3Y Return (Ann) | -28.28% | -16.98% |
| 5Y Return (Ann) | -0.81% | 6.10% |
| Sharpe Ratio | -0.19 | 0.10 |
| Sortino Ratio | -0.03 | 0.34 |
| Omega Ratio | 1.00 | 1.04 |
| Calmar Ratio | -0.10 | 0.04 |
| Martin Ratio | -0.38 | 0.24 |
| Ulcer Index | 18.77% | 10.30% |
| Daily Std Dev | 36.44% | 24.76% |
| Max Drawdown | -73.33% | -87.16% |
| Current Drawdown | -70.28% | -64.42% |
Correlation
The correlation between ACES and ICLN is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ACES vs. ICLN - Performance Comparison
In the year-to-date period, ACES achieves a -19.31% return, which is significantly lower than ICLN's -13.05% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ACES vs. ICLN - Expense Ratio Comparison
ACES has a 0.55% expense ratio, which is higher than ICLN's 0.46% expense ratio.
Risk-Adjusted Performance
ACES vs. ICLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS Clean Energy ETF (ACES) 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.
Dividends
ACES vs. ICLN - Dividend Comparison
ACES's dividend yield for the trailing twelve months is around 1.23%, less than ICLN's 1.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACES ALPS Clean Energy ETF | 1.23% | 1.44% | 1.08% | 0.71% | 0.56% | 1.30% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ICLN iShares Global Clean Energy ETF | 1.63% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% | 2.82% | 2.10% |
Drawdowns
ACES vs. ICLN - Drawdown Comparison
The maximum ACES drawdown since its inception was -73.33%, smaller than the maximum ICLN drawdown of -87.16%. Use the drawdown chart below to compare losses from any high point for ACES and ICLN. For additional features, visit the drawdowns tool.
Volatility
ACES vs. ICLN - Volatility Comparison
ALPS Clean Energy ETF (ACES) has a higher volatility of 7.84% compared to iShares Global Clean Energy ETF (ICLN) at 5.39%. This indicates that ACES's price experiences larger fluctuations and is considered to be riskier than ICLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.