CLML.TO vs. ICLN
CLML.TO (CI Global Climate Leaders Fund) and ICLN (iShares Global Clean Energy ETF) are both Alternative Energy Equities funds. CLML.TO is actively managed, while ICLN is passively managed. Over the past 5 years, CLML.TO returned 20.73%/yr vs -1.14%/yr for ICLN. At a 0.27 correlation, their price movements are largely independent. CLML.TO charges 0.99%/yr vs 0.39%/yr for ICLN.
Performance
CLML.TO vs. ICLN - Performance Comparison
Loading charts...
Different Trading Currencies
CLML.TO is traded in CAD, while ICLN is traded in USD. To make them comparable, the ICLN values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CLML.TO achieves a 25.72% return, which is significantly higher than ICLN's 11.66% return.
CLML.TO
- 1D
- -0.97%
- 1M
- -7.84%
- 6M
- 20.44%
- YTD
- 25.72%
- 1Y
- 33.44%
- 3Y*
- 37.82%
- 5Y*
- 20.73%
- 10Y*
- —
- ALL TIME*
- 20.69%
ICLN
- 1D
- -3.17%
- 1M
- -13.90%
- 6M
- -0.24%
- YTD
- 11.66%
- 1Y
- 33.73%
- 3Y*
- 2.04%
- 5Y*
- -1.14%
- 10Y*
- 9.23%
- ALL TIME*
- -2.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$494.12K | CA$394.47K | CA$468.54K | |
| CA$106.78M | CA$132.64M | CA$170.53M |
CLML.TO vs. ICLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CLML.TO CI Global Climate Leaders Fund | 25.72% | 25.21% | 63.19% | 12.83% | -18.69% | 9.27% |
ICLN iShares Global Clean Energy ETF | 11.66% | 40.33% | -19.43% | -22.30% | 0.57% | -7.19% |
Correlation
The correlation between CLML.TO and ICLN is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2021 | 0.27 |
Over the past year, CLML.TO and ICLN have become more correlated (0.59) than their long-term average of 0.27, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CLML.TO vs. ICLN — Risk / Return Rank
CLML.TO
ICLN
CLML.TO vs. ICLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Global Climate Leaders Fund (CLML.TO) 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.
| CLML.TO | ICLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.19 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 1.44 | +1.46 |
| Martin ratioReturn relative to average drawdown | 9.65 | 4.72 | +4.93 |
Loading charts...
Drawdowns
CLML.TO vs. ICLN - Drawdown Comparison
The maximum CLML.TO drawdown since its inception was -28.17%, smaller than the maximum ICLN drawdown of -87.23%. Use the drawdown chart below to compare losses from any high point for CLML.TO and ICLN.
Loading charts...
Drawdown Indicators
| CLML.TO | ICLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.17% | -87.23% | +59.06% |
Max Drawdown (1Y)Largest decline over 1 year | -11.58% | -23.56% | +11.98% |
Max Drawdown (3Y)Largest decline over 3 years | -25.94% | -37.34% | +11.40% |
Max Drawdown (5Y)Largest decline over 5 years | -28.17% | -50.74% | +22.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.62% | — |
Current DrawdownCurrent decline from peak | -10.72% | -36.38% | +25.66% |
Average DrawdownAverage peak-to-trough decline | -8.85% | -60.07% | +51.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 7.16% | -3.69% |
Volatility
CLML.TO vs. ICLN - Volatility Comparison
The current volatility for CI Global Climate Leaders Fund (CLML.TO) is 8.33%, while iShares Global Clean Energy ETF (ICLN) has a volatility of 10.55%. This indicates that CLML.TO 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.
Loading charts...
Volatility by Period
| CLML.TO | ICLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.33% | 10.55% | -2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 19.08% | 25.12% | -6.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.21% | 30.44% | -7.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.14% | 28.53% | -7.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.08% | 28.25% | -7.17% |
CLML.TO vs. ICLN - Expense Ratio Comparison
CLML.TO has a 0.99% expense ratio, which is higher than ICLN's 0.39% expense ratio.
Dividends
CLML.TO vs. ICLN - Dividend Comparison
CLML.TO has not paid dividends to shareholders, while ICLN's dividend yield for the trailing twelve months is around 1.04%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLML.TO CI Global Climate Leaders Fund | 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 | 1.04% | 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
CLML.TO and ICLN have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICLN is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICLN is cheaper with a 0.39% expense ratio, compared with 0.99% for CLML.TO.
They also come from different issuers: CI Global Asset Management and iShares. Their fees differ too: 0.99% for CLML.TO and 0.39% for ICLN.
Find the right allocation for CLML.TO and ICLN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer