ICLN vs. ACES
Compare and contrast key facts about iShares Global Clean Energy ETF (ICLN) and ALPS Clean Energy ETF (ACES).
ICLN and ACES are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. ACES is a passively managed fund by SS&C that tracks the performance of the CIBC Atlas Clean Energy Index. It was launched on Jun 29, 2018. Both ICLN and ACES 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: ICLN or ACES.
Correlation
The correlation between ICLN and ACES is 0.86, 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
ICLN vs. ACES - Performance Comparison
Key characteristics
ICLN:
-0.94
ACES:
-0.77
ICLN:
-1.26
ACES:
-0.99
ICLN:
0.86
ACES:
0.89
ICLN:
-0.33
ACES:
-0.36
ICLN:
-1.77
ACES:
-1.28
ICLN:
12.84%
ACES:
20.57%
ICLN:
24.01%
ACES:
33.92%
ICLN:
-87.15%
ACES:
-73.33%
ICLN:
-69.55%
ACES:
-73.08%
Returns By Period
The year-to-date returns for both stocks are quite close, with ICLN having a -25.65% return and ACES slightly lower at -26.91%.
ICLN
-25.65%
-5.26%
-18.66%
-24.72%
0.73%
3.61%
ACES
-26.91%
-1.88%
-10.87%
-28.19%
-4.08%
N/A
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ICLN vs. ACES - Expense Ratio Comparison
ICLN has a 0.46% expense ratio, which is lower than ACES's 0.55% expense ratio.
Risk-Adjusted Performance
ICLN vs. ACES - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Clean Energy ETF (ICLN) and ALPS Clean Energy ETF (ACES). 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
ICLN vs. ACES - Dividend Comparison
ICLN's dividend yield for the trailing twelve months is around 2.92%, more than ACES's 1.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 1.84% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% | 2.83% | 2.11% |
ACES ALPS Clean Energy ETF | 1.36% | 1.44% | 1.09% | 0.71% | 0.56% | 1.30% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ICLN vs. ACES - Drawdown Comparison
The maximum ICLN drawdown since its inception was -87.15%, which is greater than ACES's maximum drawdown of -73.33%. Use the drawdown chart below to compare losses from any high point for ICLN and ACES. For additional features, visit the drawdowns tool.
Volatility
ICLN vs. ACES - Volatility Comparison
The current volatility for iShares Global Clean Energy ETF (ICLN) is 5.51%, while ALPS Clean Energy ETF (ACES) has a volatility of 8.73%. This indicates that ICLN experiences smaller price fluctuations and is considered to be less risky than ACES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.