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 -3.17%/yr vs 9.57%/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 -54.17% return, which is significantly lower than ICLN's 17.48% return. Over the past 10 years, GLOB has underperformed ICLN with an annualized return of -3.17%, while ICLN has yielded a comparatively higher 9.57% annualized return.
GLOB
- 1D
- -4.25%
- 1M
- -20.09%
- 6M
- -56.19%
- YTD
- -54.17%
- 1Y
- -64.84%
- 3Y*
- -45.17%
- 5Y*
- -32.88%
- 10Y*
- -3.17%
ICLN
- 1D
- -0.41%
- 1M
- -6.93%
- 6M
- 11.44%
- YTD
- 17.48%
- 1Y
- 45.49%
- 3Y*
- 3.40%
- 5Y*
- -2.40%
- 10Y*
- 9.57%
GLOB vs. ICLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLOB Globant S.A. | -54.17% | -69.51% | -9.90% | 41.52% | -46.46% | 44.34% | 105.20% | 88.30% | 21.22% | 39.31% |
ICLN iShares Global Clean Energy ETF | 17.48% | 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 -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2014 | 0.38 |
The correlation between GLOB and ICLN shifts across timeframes, from -0.00 (1 year) to 0.39 (10 years), reflecting how their relationship changes across market environments.
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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.
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.
| GLOB | ICLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.63 | ||
| Sortino ratioReturn per unit of downside risk | -4.05 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.25 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 2.24 | -3.17 |
| Martin ratioReturn relative to average drawdown | -1.55 | 7.39 | -8.94 |
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Drawdowns
GLOB vs. ICLN - Drawdown Comparison
The maximum GLOB drawdown since its inception was -92.18%, which is greater than ICLN's maximum 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 | -92.18% | -87.15% | -5.03% |
Max Drawdown (1Y)Largest decline over 1 year | -70.28% | -19.57% | -50.71% |
Max Drawdown (3Y)Largest decline over 3 years | -88.89% | -43.18% | -45.71% |
Max Drawdown (5Y)Largest decline over 5 years | -92.18% | -57.16% | -35.02% |
Max Drawdown (10Y)Largest decline over 10 years | -92.18% | -66.75% | -25.43% |
Current DrawdownCurrent decline from peak | -91.55% | -47.44% | -44.11% |
Average DrawdownAverage peak-to-trough decline | -26.60% | -66.47% | +39.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.43% | 5.92% | +36.51% |
Volatility
GLOB vs. ICLN - Volatility Comparison
Globant S.A. (GLOB) has a higher volatility of 21.94% compared to iShares Global Clean Energy ETF (ICLN) at 11.98%. 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 | 21.94% | 11.98% | +9.96% |
Volatility (6M)Calculated over the trailing 6-month period | 47.71% | 24.11% | +23.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.11% | 29.29% | +28.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.10% | 27.86% | +24.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.94% | 27.37% | +20.57% |
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 0.96%.
| 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 | 0.96% | 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 -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLOB has higher volatility (21.94%) compared to ICLN (11.98%). In terms of maximum drawdown, GLOB dropped -92.18% vs ICLN's -87.15%.
ICLN currently has the higher Sharpe Ratio (1.49 vs -1.14), 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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