FAN vs. ICLN
Compare and contrast key facts about First Trust Global Wind Energy ETF (FAN) and iShares Global Clean Energy ETF (ICLN).
FAN and ICLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FAN is a passively managed fund by First Trust that tracks the performance of the ISE Clean Edge Global Wind Energy Index. It was launched on Jun 16, 2008. 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 FAN 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: FAN or ICLN.
Key characteristics
| FAN | ICLN | |
|---|---|---|
| YTD Return | -7.00% | -15.03% |
| 1Y Return | -13.27% | -27.51% |
| 3Y Return (Ann) | -9.88% | -16.20% |
| 5Y Return (Ann) | 5.00% | 6.81% |
| 10Y Return (Ann) | 4.72% | 4.02% |
| Sharpe Ratio | -0.67 | -1.11 |
| Daily Std Dev | 19.47% | 25.36% |
| Max Drawdown | -81.36% | -87.16% |
| Current Drawdown | -38.11% | -65.23% |
Correlation
The correlation between FAN and ICLN is 0.76, 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
FAN vs. ICLN - Performance Comparison
In the year-to-date period, FAN achieves a -7.00% return, which is significantly higher than ICLN's -15.03% return. Over the past 10 years, FAN has outperformed ICLN with an annualized return of 4.72%, while ICLN has yielded a comparatively lower 4.02% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FAN vs. ICLN - Expense Ratio Comparison
FAN has a 0.62% expense ratio, which is higher than ICLN's 0.46% expense ratio.
Risk-Adjusted Performance
FAN vs. ICLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Wind Energy ETF (FAN) 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
FAN vs. ICLN - Dividend Comparison
FAN's dividend yield for the trailing twelve months is around 1.75%, less than ICLN's 1.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAN First Trust Global Wind Energy ETF | 1.75% | 1.71% | 1.50% | 1.79% | 0.84% | 2.42% | 2.67% | 2.59% | 6.04% | 2.35% | 2.61% | 0.71% |
ICLN iShares Global Clean Energy ETF | 1.87% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% | 2.82% | 2.10% |
Drawdowns
FAN vs. ICLN - Drawdown Comparison
The maximum FAN drawdown since its inception was -81.36%, smaller than the maximum ICLN drawdown of -87.16%. Use the drawdown chart below to compare losses from any high point for FAN and ICLN. For additional features, visit the drawdowns tool.
Volatility
FAN vs. ICLN - Volatility Comparison
The current volatility for First Trust Global Wind Energy ETF (FAN) is 4.38%, while iShares Global Clean Energy ETF (ICLN) has a volatility of 6.80%. This indicates that FAN 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.