AES vs. ICLN
Compare and contrast key facts about The AES Corporation (AES) and iShares Global Clean Energy ETF (ICLN).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AES or ICLN.
Key characteristics
| AES | ICLN | |
|---|---|---|
| YTD Return | -3.71% | -14.90% |
| 1Y Return | -16.42% | -26.04% |
| 3Y Return (Ann) | -10.55% | -16.14% |
| 5Y Return (Ann) | 4.61% | 6.52% |
| 10Y Return (Ann) | 5.88% | 4.04% |
| Sharpe Ratio | -0.51 | -1.08 |
| Daily Std Dev | 36.01% | 25.34% |
| Max Drawdown | -98.65% | -87.16% |
| Current Drawdown | -63.23% | -65.18% |
Correlation
The correlation between AES and ICLN is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AES vs. ICLN - Performance Comparison
In the year-to-date period, AES achieves a -3.71% return, which is significantly higher than ICLN's -14.90% return. Over the past 10 years, AES has outperformed ICLN with an annualized return of 5.88%, while ICLN has yielded a comparatively lower 4.04% annualized 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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Risk-Adjusted Performance
AES vs. ICLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The AES Corporation (AES) 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
AES vs. ICLN - Dividend Comparison
AES's dividend yield for the trailing twelve months is around 3.72%, more than ICLN's 1.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AES The AES Corporation | 3.72% | 3.45% | 2.20% | 2.48% | 2.44% | 2.74% | 3.60% | 4.43% | 3.79% | 4.18% | 1.45% | 1.10% |
ICLN iShares Global Clean Energy ETF | 1.87% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% | 2.82% | 2.10% |
Drawdowns
AES vs. ICLN - Drawdown Comparison
The maximum AES drawdown since its inception was -98.65%, which is greater than ICLN's maximum drawdown of -87.16%. Use the drawdown chart below to compare losses from any high point for AES and ICLN. For additional features, visit the drawdowns tool.
Volatility
AES vs. ICLN - Volatility Comparison
The AES Corporation (AES) has a higher volatility of 10.30% compared to iShares Global Clean Energy ETF (ICLN) at 6.65%. This indicates that AES'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.