HIGH.L vs. ICLN
HIGH.L (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc)) and ICLN (iShares Global Clean Energy ETF) are both exchange-traded funds - HIGH.L is a European High Yield Bonds fund tracking the Bloomberg Pan Euro HY Euro TR EUR, while ICLN is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Index. Both are passively managed. Over the past 5 years, HIGH.L returned 2.73%/yr vs -2.61%/yr for ICLN. At a 0.32 correlation, their price movements are largely independent. HIGH.L charges 0.50%/yr vs 0.39%/yr for ICLN.
Performance
HIGH.L vs. ICLN - Performance Comparison
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Different Trading Currencies
HIGH.L is traded in EUR, while ICLN is traded in USD. To make them comparable, the ICLN values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, HIGH.L achieves a 1.29% return, which is significantly lower than ICLN's 13.92% return.
HIGH.L
- 1D
- 0.00%
- 1M
- -0.00%
- 6M
- 1.45%
- YTD
- 1.29%
- 1Y
- 3.11%
- 3Y*
- 6.20%
- 5Y*
- 2.73%
- 10Y*
- —
- ALL TIME*
- 2.65%
ICLN
- 1D
- -1.05%
- 1M
- -13.67%
- 6M
- 4.42%
- YTD
- 13.92%
- 1Y
- 37.43%
- 3Y*
- -0.43%
- 5Y*
- -2.61%
- 10Y*
- 8.45%
- ALL TIME*
- -2.06%
HIGH.L vs. ICLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HIGH.L iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) | 1.29% | 4.89% | 5.70% | 11.59% | -9.32% | 2.82% | 1.10% | 9.76% | -3.41% | 0.63% |
ICLN iShares Global Clean Energy ETF | 13.92% | 29.60% | -20.81% | -22.79% | 0.43% | -18.51% | 121.89% | 47.62% | -4.76% | 1.57% |
Correlation
The correlation between HIGH.L and ICLN is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2017 | 0.32 |
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Return for Risk
HIGH.L vs. ICLN — Risk / Return Rank
HIGH.L
ICLN
HIGH.L vs. ICLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) (HIGH.L) 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.
| HIGH.L | ICLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.22 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 1.71 | -0.63 |
| Martin ratioReturn relative to average drawdown | 4.35 | 5.72 | -1.37 |
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Drawdowns
HIGH.L vs. ICLN - Drawdown Comparison
The maximum HIGH.L drawdown since its inception was -25.42%, smaller than the maximum ICLN drawdown of -84.40%. Use the drawdown chart below to compare losses from any high point for HIGH.L and ICLN.
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Drawdown Indicators
| HIGH.L | ICLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.42% | -84.40% | +58.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -21.97% | +19.09% |
Max Drawdown (3Y)Largest decline over 3 years | -3.65% | -41.70% | +38.05% |
Max Drawdown (5Y)Largest decline over 5 years | -14.64% | -57.06% | +42.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.76% | — |
Current DrawdownCurrent decline from peak | -0.47% | -37.30% | +36.83% |
Average DrawdownAverage peak-to-trough decline | -2.68% | -57.84% | +55.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 6.56% | -5.85% |
Volatility
HIGH.L vs. ICLN - Volatility Comparison
The current volatility for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) (HIGH.L) is 0.73%, while iShares Global Clean Energy ETF (ICLN) has a volatility of 11.31%. This indicates that HIGH.L 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.
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Volatility by Period
| HIGH.L | ICLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 11.31% | -10.58% |
Volatility (6M)Calculated over the trailing 6-month period | 3.12% | 23.54% | -20.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 28.71% | -25.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.47% | 26.36% | -20.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.16% | 26.71% | -19.55% |
HIGH.L vs. ICLN - Expense Ratio Comparison
HIGH.L has a 0.50% expense ratio, which is higher than ICLN's 0.39% expense ratio.
Dividends
HIGH.L vs. ICLN - Dividend Comparison
HIGH.L has not paid dividends to shareholders, while ICLN's dividend yield for the trailing twelve months is around 1.02%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIGH.L iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) | 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 | 1.02% | 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
HIGH.L and ICLN have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICLN is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICLN is cheaper with a 0.39% expense ratio, compared with 0.50% for HIGH.L.
HIGH.L is categorized as European High Yield Bonds, while ICLN is Alternative Energy Equities. HIGH.L tracks Bloomberg Pan Euro HY Euro TR EUR, while ICLN tracks S&P Global Clean Energy Index. Their fees differ too: 0.50% for HIGH.L and 0.39% for ICLN.
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