GLOB vs. ICLN
GLOB (Globant S.A.) is a stock, while ICLN (iShares Global Clean Energy ETF) is Alternative Energy Equities fund tracking the S&P Global Clean Energy Index. Over the past 10 years, GLOB returned -0.53%/yr vs 10.84%/yr for ICLN. At a 0.38 correlation, their price movements are largely independent.
Performance
GLOB vs. ICLN - Performance Comparison
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Returns By Period
In the year-to-date period, GLOB achieves a -41.41% return, which is significantly lower than ICLN's 29.76% return. Over the past 10 years, GLOB has underperformed ICLN with an annualized return of -0.53%, while ICLN has yielded a comparatively higher 10.84% annualized return.
GLOB
- 1D
- -3.23%
- 1M
- -5.87%
- YTD
- -41.41%
- 6M
- -46.22%
- 1Y
- -61.46%
- 3Y*
- -39.65%
- 5Y*
- -29.07%
- 10Y*
- -0.53%
ICLN
- 1D
- -7.71%
- 1M
- 0.00%
- YTD
- 29.76%
- 6M
- 27.36%
- 1Y
- 68.98%
- 3Y*
- 6.18%
- 5Y*
- 0.48%
- 10Y*
- 10.84%
GLOB vs. ICLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLOB Globant S.A. | -41.41% | -69.51% | -9.90% | 41.52% | -46.46% | 44.34% | 105.20% | 88.30% | 21.22% | 39.31% |
ICLN iShares Global Clean Energy ETF | 29.76% | 47.05% | -25.72% | -20.41% | -5.43% | -24.18% | 141.82% | 44.36% | -9.03% | 21.47% |
Correlation
The correlation between GLOB and ICLN is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jul 21, 2014 | 0.38 |
Over the past year, the correlation between GLOB and ICLN has dropped to 0.06 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
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Return for Risk
GLOB vs. ICLN — Risk / Return Rank
GLOB
ICLN
GLOB vs. ICLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Globant S.A. (GLOB) 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.
| GLOB | ICLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.64 | ||
| Sortino ratioReturn per unit of downside risk | -4.95 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.39 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 6.18 | -7.08 |
| Martin ratioReturn relative to average drawdown | -1.44 | 17.34 | -18.77 |
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
| GLOB | ICLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.12 | 2.52 | -3.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.57 | 0.02 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.01 | 0.40 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | -0.09 | +0.32 |
Drawdowns
GLOB vs. ICLN - Drawdown Comparison
The maximum GLOB drawdown since its inception was -90.76%, roughly equal to the maximum ICLN drawdown of -87.15%. Use the drawdown chart below to compare losses from any high point for GLOB and ICLN.
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Drawdown Indicators
| GLOB | ICLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.76% | -87.15% | -3.61% |
Max Drawdown (1Y)Largest decline over 1 year | -68.29% | -11.22% | -57.07% |
Max Drawdown (3Y)Largest decline over 3 years | -86.88% | -43.18% | -43.70% |
Max Drawdown (5Y)Largest decline over 5 years | -90.76% | -57.16% | -33.60% |
Max Drawdown (10Y)Largest decline over 10 years | -90.76% | -66.75% | -24.01% |
Current DrawdownCurrent decline from peak | -89.19% | -41.95% | -47.24% |
Average DrawdownAverage peak-to-trough decline | -26.04% | -66.60% | +40.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.81% | 3.99% | +38.82% |
Volatility
GLOB vs. ICLN - Volatility Comparison
Globant S.A. (GLOB) has a higher volatility of 24.19% compared to iShares Global Clean Energy ETF (ICLN) at 12.54%. This indicates that GLOB'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
| GLOB | ICLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.19% | 12.54% | +11.65% |
Volatility (6M)Calculated over the trailing 6-month period | 43.93% | 21.82% | +22.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.08% | 27.52% | +27.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.29% | 27.41% | +23.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.53% | 27.30% | +20.23% |
Dividends
GLOB vs. ICLN - Dividend Comparison
GLOB has not paid dividends to shareholders, while ICLN's dividend yield for the trailing twelve months is around 1.26%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLOB Globant S.A. | 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 | 1.26% | 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
GLOB and ICLN have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLOB has higher volatility (24.19%) compared to ICLN (12.54%). In terms of maximum drawdown, GLOB dropped -90.76% vs ICLN's -87.15%.
ICLN currently has the higher Sharpe Ratio (2.52 vs -1.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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