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.
Performance
ICLN vs. ACES - Performance Comparison
Returns By Period
In the year-to-date period, ICLN achieves a -21.88% return, which is significantly higher than ACES's -26.10% return.
ICLN
-21.88%
-10.08%
-14.10%
-12.36%
3.61%
3.67%
ACES
-26.10%
-7.47%
-10.76%
-13.45%
-2.83%
N/A
Key characteristics
| ICLN | ACES | |
|---|---|---|
| Sharpe Ratio | -0.47 | -0.44 |
| Sortino Ratio | -0.53 | -0.43 |
| Omega Ratio | 0.94 | 0.95 |
| Calmar Ratio | -0.17 | -0.21 |
| Martin Ratio | -1.06 | -0.81 |
| Ulcer Index | 11.11% | 19.27% |
| Daily Std Dev | 24.92% | 35.52% |
| Max Drawdown | -87.16% | -73.33% |
| Current Drawdown | -68.03% | -72.78% |
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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.
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.
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 1.81%, more than ACES's 1.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 1.81% | 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 | 1.34% | 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 -87.16%, 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
iShares Global Clean Energy ETF (ICLN) and ALPS Clean Energy ETF (ACES) have volatilities of 9.44% and 9.45%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.