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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CTEC or ICLN.
Correlation
The correlation between CTEC and ICLN is 0.91, 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.
Performance
CTEC vs. ICLN - Performance Comparison
Key characteristics
CTEC:
-0.62
ICLN:
-0.70
CTEC:
-0.74
ICLN:
-0.87
CTEC:
0.92
ICLN:
0.90
CTEC:
-0.28
ICLN:
-0.23
CTEC:
-1.13
ICLN:
-1.50
CTEC:
18.93%
ICLN:
10.93%
CTEC:
34.52%
ICLN:
23.36%
CTEC:
-76.50%
ICLN:
-87.11%
CTEC:
-75.35%
ICLN:
-69.61%
Returns By Period
In the year-to-date period, CTEC achieves a 2.58% return, which is significantly higher than ICLN's -0.44% return.
CTEC
2.58%
1.07%
-14.57%
-21.46%
N/A
N/A
ICLN
-0.44%
-1.65%
-16.67%
-17.16%
-0.70%
3.35%
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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.
Risk-Adjusted Performance
CTEC vs. ICLN — Risk-Adjusted Performance Rank
CTEC
ICLN
CTEC vs. ICLN - Risk-Adjusted Performance 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.
Dividends
CTEC vs. ICLN - Dividend Comparison
CTEC's dividend yield for the trailing twelve months is around 1.51%, less than ICLN's 1.85% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTEC Global X CleanTech ETF | 1.51% | 1.55% | 0.51% | 0.25% | 0.40% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ICLN iShares Global Clean Energy ETF | 1.85% | 1.85% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% | 2.83% |
Drawdowns
CTEC vs. ICLN - Drawdown Comparison
The maximum CTEC drawdown since its inception was -76.50%, smaller than the maximum ICLN drawdown of -87.11%. Use the drawdown chart below to compare losses from any high point for CTEC and ICLN. For additional features, visit the drawdowns tool.
Volatility
CTEC vs. ICLN - Volatility Comparison
Global X CleanTech ETF (CTEC) has a higher volatility of 10.24% compared to iShares Global Clean Energy ETF (ICLN) at 6.10%. 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.