CTEC vs. ICLN
Compare and contrast key facts about Global X CleanTech ETF (CTEC) and iShares Global Clean Energy ETF (ICLN).
CTEC and ICLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CTEC is a passively managed fund by Global X that tracks the performance of the Indxx Global CleanTech Index. It was launched on Oct 27, 2020. 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 CTEC 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.
Performance
CTEC vs. ICLN - Performance Comparison
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CTEC vs. ICLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CTEC Global X CleanTech ETF | 9.30% | 57.85% | -36.35% | -25.60% | -16.82% | -22.19% | 47.46% |
ICLN iShares Global Clean Energy ETF | 11.08% | 47.05% | -25.72% | -20.41% | -5.43% | -24.18% | 43.24% |
Returns By Period
In the year-to-date period, CTEC achieves a 9.30% return, which is significantly lower than ICLN's 11.08% return.
CTEC
- 1D
- -0.47%
- 1M
- -1.80%
- YTD
- 9.30%
- 6M
- 9.93%
- 1Y
- 90.98%
- 3Y*
- -9.15%
- 5Y*
- -11.52%
- 10Y*
- —
ICLN
- 1D
- -0.22%
- 1M
- -0.44%
- YTD
- 11.08%
- 6M
- 15.82%
- 1Y
- 61.77%
- 3Y*
- -1.04%
- 5Y*
- -4.16%
- 10Y*
- 8.94%
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CTEC vs. ICLN - Expense Ratio Comparison
CTEC has a 0.50% expense ratio, which is higher than ICLN's 0.46% expense ratio.
Return for Risk
CTEC vs. ICLN — Risk / Return Rank
CTEC
ICLN
CTEC vs. ICLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X CleanTech ETF (CTEC) 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.
| CTEC | ICLN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.42 | 2.38 | +0.05 |
Sortino ratioReturn per unit of downside risk | 3.00 | 3.01 | -0.01 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.38 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 5.42 | 5.60 | -0.18 |
Martin ratioReturn relative to average drawdown | 13.76 | 15.65 | -1.88 |
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
| CTEC | ICLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 2.38 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.32 | -0.15 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | -0.12 | 0.00 |
Correlation
The correlation between CTEC and ICLN is 0.90, 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
CTEC vs. ICLN - Dividend Comparison
CTEC's dividend yield for the trailing twelve months is around 0.69%, less than ICLN's 1.47% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTEC Global X CleanTech ETF | 0.69% | 0.75% | 1.56% | 0.51% | 0.25% | 0.39% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ICLN iShares Global Clean Energy ETF | 1.47% | 1.63% | 1.85% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% |
Drawdowns
CTEC vs. ICLN - Drawdown Comparison
The maximum CTEC drawdown since its inception was -81.58%, smaller than the maximum ICLN drawdown of -87.15%. Use the drawdown chart below to compare losses from any high point for CTEC and ICLN.
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Drawdown Indicators
| CTEC | ICLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.58% | -87.15% | +5.57% |
Max Drawdown (1Y)Largest decline over 1 year | -17.62% | -11.22% | -6.40% |
Max Drawdown (5Y)Largest decline over 5 years | -76.46% | -57.16% | -19.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.75% | — |
Current DrawdownCurrent decline from peak | -58.54% | -50.31% | -8.23% |
Average DrawdownAverage peak-to-trough decline | -52.42% | -66.84% | +14.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.93% | 4.01% | +2.92% |
Volatility
CTEC vs. ICLN - Volatility Comparison
Global X CleanTech ETF (CTEC) has a higher volatility of 10.98% compared to iShares Global Clean Energy ETF (ICLN) at 10.23%. This indicates that CTEC'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.
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Volatility by Period
| CTEC | ICLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.98% | 10.23% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 27.93% | 20.47% | +7.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.79% | 26.14% | +11.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.54% | 27.16% | +9.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.91% | 27.04% | +10.87% |