AMEM.DE vs. ICLN
AMEM.DE (Amundi MSCI Emerging Markets UCITS ETF EUR) and ICLN (iShares Global Clean Energy ETF) are both exchange-traded funds - AMEM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets, while ICLN is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Index. Both are passively managed. Over the past 10 years, AMEM.DE returned 8.29%/yr vs 8.45%/yr for ICLN. At a 0.47 correlation, their price movements are largely independent. AMEM.DE charges 0.20%/yr vs 0.39%/yr for ICLN.
Performance
AMEM.DE vs. ICLN - Performance Comparison
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Different Trading Currencies
AMEM.DE 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, AMEM.DE achieves a 20.68% return, which is significantly higher than ICLN's 13.92% return. Both investments have delivered pretty close results over the past 10 years, with AMEM.DE having a 8.29% annualized return and ICLN not far ahead at 8.45%.
AMEM.DE
- 1D
- 1.23%
- 1M
- -8.29%
- 6M
- 12.96%
- YTD
- 20.68%
- 1Y
- 35.22%
- 3Y*
- 18.88%
- 5Y*
- 7.63%
- 10Y*
- 8.29%
- ALL TIME*
- 6.16%
ICLN
- 1D
- -1.05%
- 1M
- -13.67%
- 6M
- 4.42%
- YTD
- 13.92%
- 1Y
- 37.43%
- 3Y*
- -0.43%
- 5Y*
- -2.61%
- 10Y*
- 8.45%
- ALL TIME*
- -2.06%
AMEM.DE vs. ICLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMEM.DE Amundi MSCI Emerging Markets UCITS ETF EUR | 20.68% | 19.22% | 13.69% | 5.35% | -13.83% | 3.96% | 6.43% | 21.24% | -11.00% | 20.46% |
ICLN iShares Global Clean Energy ETF | 13.92% | 29.60% | -20.81% | -22.79% | 0.43% | -18.51% | 121.89% | 47.62% | -4.76% | 6.54% |
Correlation
The correlation between AMEM.DE and ICLN is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2011 | 0.47 |
The correlation between AMEM.DE and ICLN shifts across timeframes, from 0.43 (5 years) to 0.55 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AMEM.DE vs. ICLN — Risk / Return Rank
AMEM.DE
ICLN
AMEM.DE vs. ICLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.DE) 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.
| AMEM.DE | ICLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.22 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 1.71 | +1.46 |
| Martin ratioReturn relative to average drawdown | 9.65 | 5.72 | +3.93 |
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Drawdowns
AMEM.DE vs. ICLN - Drawdown Comparison
The maximum AMEM.DE drawdown since its inception was -35.91%, smaller than the maximum ICLN drawdown of -84.40%. Use the drawdown chart below to compare losses from any high point for AMEM.DE and ICLN.
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Drawdown Indicators
| AMEM.DE | ICLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.91% | -84.40% | +48.49% |
Max Drawdown (1Y)Largest decline over 1 year | -11.06% | -21.97% | +10.91% |
Max Drawdown (3Y)Largest decline over 3 years | -19.20% | -41.70% | +22.50% |
Max Drawdown (5Y)Largest decline over 5 years | -22.67% | -57.06% | +34.39% |
Max Drawdown (10Y)Largest decline over 10 years | -31.83% | -62.76% | +30.93% |
Current DrawdownCurrent decline from peak | -9.96% | -37.30% | +27.34% |
Average DrawdownAverage peak-to-trough decline | -10.19% | -57.84% | +47.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 6.56% | -2.92% |
Volatility
AMEM.DE vs. ICLN - Volatility Comparison
The current volatility for Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.DE) is 8.54%, while iShares Global Clean Energy ETF (ICLN) has a volatility of 11.31%. This indicates that AMEM.DE 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
| AMEM.DE | ICLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.54% | 11.31% | -2.77% |
Volatility (6M)Calculated over the trailing 6-month period | 17.72% | 23.54% | -5.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.15% | 28.71% | -8.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.27% | 26.36% | -9.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.48% | 26.71% | -8.23% |
AMEM.DE vs. ICLN - Expense Ratio Comparison
AMEM.DE has a 0.20% expense ratio, which is lower than ICLN's 0.39% expense ratio.
Dividends
AMEM.DE vs. ICLN - Dividend Comparison
AMEM.DE has not paid dividends to shareholders, while ICLN's dividend yield for the trailing twelve months is around 1.02%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMEM.DE Amundi MSCI Emerging Markets UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ICLN iShares Global Clean Energy ETF | 1.02% | 1.63% | 1.85% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% |
Frequently Asked Questions
AMEM.DE and ICLN have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMEM.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMEM.DE is cheaper with a 0.20% expense ratio, compared with 0.39% for ICLN.
AMEM.DE is categorized as Emerging Markets Equities, while ICLN is Alternative Energy Equities. AMEM.DE tracks MSCI Emerging Markets, while ICLN tracks S&P Global Clean Energy Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.20% for AMEM.DE and 0.39% for ICLN.
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