ICLN vs. 8PSE.DE
ICLN (iShares Global Clean Energy ETF) and 8PSE.DE (Invesco Physical Gold (EUR Hedged) ETC) are both exchange-traded funds - ICLN is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Index, while 8PSE.DE is a Gold fund tracking the LBMA Gold Price PM (EUR Hedged). Both are passively managed. Over the past 5 years, ICLN returned -0.21%/yr vs 14.39%/yr for 8PSE.DE. At a 0.26 correlation, their price movements are largely independent. ICLN charges 0.39%/yr vs 0.34%/yr for 8PSE.DE.
Performance
ICLN vs. 8PSE.DE - Performance Comparison
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Different Trading Currencies
ICLN is traded in USD, while 8PSE.DE is traded in EUR. To make them comparable, the 8PSE.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ICLN achieves a 27.33% return, which is significantly higher than 8PSE.DE's -1.02% return.
ICLN
- 1D
- 0.87%
- 1M
- -5.47%
- YTD
- 27.33%
- 6M
- 27.01%
- 1Y
- 60.20%
- 3Y*
- 5.25%
- 5Y*
- -0.21%
- 10Y*
- 11.67%
8PSE.DE
- 1D
- 0.83%
- 1M
- -5.21%
- YTD
- -1.02%
- 6M
- 1.82%
- 1Y
- 27.37%
- 3Y*
- 31.57%
- 5Y*
- 14.39%
- 10Y*
- —
ICLN vs. 8PSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 27.33% | 47.05% | -25.72% | -20.41% | -5.43% | -24.18% | 105.30% |
8PSE.DE Invesco Physical Gold (EUR Hedged) ETC | -1.02% | 83.76% | 17.01% | 13.47% | -7.57% | -13.24% | 10.03% |
Correlation
The correlation between ICLN and 8PSE.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2020 | 0.26 |
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Return for Risk
ICLN vs. 8PSE.DE — Risk / Return Rank
ICLN
8PSE.DE
ICLN vs. 8PSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Clean Energy ETF (ICLN) and Invesco Physical Gold (EUR Hedged) ETC (8PSE.DE). 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.
| ICLN | 8PSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.57 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.73 | 0.59 | +3.14 |
| Martin ratioReturn relative to average drawdown | 13.84 | 2.35 | +11.49 |
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Drawdowns
ICLN vs. 8PSE.DE - Drawdown Comparison
The maximum ICLN drawdown since its inception was -87.15%, which is greater than 8PSE.DE's maximum drawdown of -51.35%. Use the drawdown chart below to compare losses from any high point for ICLN and 8PSE.DE.
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Drawdown Indicators
| ICLN | 8PSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.15% | -51.35% | -35.80% |
Max Drawdown (1Y)Largest decline over 1 year | -16.38% | -51.35% | +34.97% |
Max Drawdown (3Y)Largest decline over 3 years | -43.18% | -51.35% | +8.17% |
Max Drawdown (5Y)Largest decline over 5 years | -57.16% | -51.35% | -5.81% |
Max Drawdown (10Y)Largest decline over 10 years | -66.75% | — | — |
Current DrawdownCurrent decline from peak | -43.03% | -18.71% | -24.32% |
Average DrawdownAverage peak-to-trough decline | -66.56% | -13.96% | -52.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.41% | 12.99% | -8.58% |
Volatility
ICLN vs. 8PSE.DE - Volatility Comparison
iShares Global Clean Energy ETF (ICLN) has a higher volatility of 12.97% compared to Invesco Physical Gold (EUR Hedged) ETC (8PSE.DE) at 6.62%. This indicates that ICLN's price experiences larger fluctuations and is considered to be riskier than 8PSE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICLN | 8PSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.97% | 6.62% | +6.35% |
Volatility (6M)Calculated over the trailing 6-month period | 22.62% | 71.84% | -49.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.21% | 182.13% | -153.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.55% | 88.55% | -61.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.32% | 81.99% | -54.67% |
ICLN vs. 8PSE.DE - Expense Ratio Comparison
ICLN has a 0.39% expense ratio, which is higher than 8PSE.DE's 0.34% expense ratio.
Dividends
ICLN vs. 8PSE.DE - Dividend Comparison
ICLN's dividend yield for the trailing twelve months is around 1.28%, while 8PSE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
8PSE.DE Invesco Physical Gold (EUR Hedged) ETC | 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 | 1.28% | 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
ICLN and 8PSE.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 8PSE.DE is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.
8PSE.DE is cheaper with a 0.34% expense ratio, compared with 0.39% for ICLN.
ICLN is categorized as Alternative Energy Equities, while 8PSE.DE is Gold. ICLN tracks S&P Global Clean Energy Index, while 8PSE.DE tracks LBMA Gold Price PM (EUR Hedged). They also come from different issuers: iShares and Invesco. Their fees differ too: 0.39% for ICLN and 0.34% for 8PSE.DE.
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