CGAEX vs. ICLN
Compare and contrast key facts about Calvert Global Energy Solutions Fund Class A (CGAEX) and iShares Global Clean Energy ETF (ICLN).
CGAEX is managed by Calvert Research and Management. It was launched on May 31, 2007. 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.
Performance
CGAEX vs. ICLN - Performance Comparison
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CGAEX vs. ICLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CGAEX Calvert Global Energy Solutions Fund Class A | 4.15% | 32.27% | -7.33% | 5.40% | -17.66% | 6.50% | 61.15% | 33.16% | -19.66% | 29.42% |
ICLN iShares Global Clean Energy ETF | 11.32% | 47.05% | -25.72% | -20.41% | -5.43% | -24.18% | 141.82% | 44.36% | -9.03% | 21.47% |
Returns By Period
In the year-to-date period, CGAEX achieves a 4.15% return, which is significantly lower than ICLN's 11.32% return. Over the past 10 years, CGAEX has outperformed ICLN with an annualized return of 9.63%, while ICLN has yielded a comparatively lower 8.96% annualized return.
CGAEX
- 1D
- -0.42%
- 1M
- -7.37%
- YTD
- 4.15%
- 6M
- 8.23%
- 1Y
- 41.13%
- 3Y*
- 7.42%
- 5Y*
- 3.15%
- 10Y*
- 9.63%
ICLN
- 1D
- 4.45%
- 1M
- 0.38%
- YTD
- 11.32%
- 6M
- 19.07%
- 1Y
- 63.12%
- 3Y*
- -0.97%
- 5Y*
- -4.11%
- 10Y*
- 8.96%
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CGAEX vs. ICLN - Expense Ratio Comparison
CGAEX has a 1.24% expense ratio, which is higher than ICLN's 0.46% expense ratio.
Return for Risk
CGAEX vs. ICLN — Risk / Return Rank
CGAEX
ICLN
CGAEX vs. ICLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Global Energy Solutions Fund Class A (CGAEX) 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.
| CGAEX | ICLN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.18 | 2.43 | -0.25 |
Sortino ratioReturn per unit of downside risk | 2.87 | 3.06 | -0.19 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.39 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 3.34 | 5.49 | -2.15 |
Martin ratioReturn relative to average drawdown | 14.21 | 15.39 | -1.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CGAEX | ICLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.18 | 2.43 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | -0.15 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.33 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | -0.12 | +0.13 |
Correlation
The correlation between CGAEX and ICLN is 0.82, 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.
Dividends
CGAEX vs. ICLN - Dividend Comparison
CGAEX's dividend yield for the trailing twelve months is around 0.49%, less than ICLN's 1.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGAEX Calvert Global Energy Solutions Fund Class A | 0.49% | 0.51% | 0.91% | 0.83% | 0.65% | 0.26% | 0.66% | 1.01% | 1.69% | 1.19% | 1.06% | 0.20% |
ICLN iShares Global Clean Energy ETF | 1.46% | 1.63% | 1.85% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% |
Drawdowns
CGAEX vs. ICLN - Drawdown Comparison
The maximum CGAEX drawdown since its inception was -76.34%, smaller than the maximum ICLN drawdown of -87.15%. Use the drawdown chart below to compare losses from any high point for CGAEX and ICLN.
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Drawdown Indicators
| CGAEX | ICLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.34% | -87.15% | +10.81% |
Max Drawdown (1Y)Largest decline over 1 year | -11.15% | -11.22% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -33.14% | -57.16% | +24.02% |
Max Drawdown (10Y)Largest decline over 10 years | -37.53% | -66.75% | +29.22% |
Current DrawdownCurrent decline from peak | -18.85% | -50.20% | +31.35% |
Average DrawdownAverage peak-to-trough decline | -51.03% | -66.84% | +15.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 4.00% | -1.36% |
Volatility
CGAEX vs. ICLN - Volatility Comparison
The current volatility for Calvert Global Energy Solutions Fund Class A (CGAEX) is 6.91%, while iShares Global Clean Energy ETF (ICLN) has a volatility of 10.82%. This indicates that CGAEX 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
| CGAEX | ICLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 10.82% | -3.91% |
Volatility (6M)Calculated over the trailing 6-month period | 12.14% | 20.46% | -8.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.27% | 26.17% | -7.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.06% | 27.16% | -8.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.62% | 27.04% | -7.42% |