ICLN vs. AMEL.DE
ICLN (iShares Global Clean Energy ETF) and AMEL.DE (Amundi MSCI Emerging Markets Latin America UCITS ETF EUR) are both exchange-traded funds - ICLN is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Index, while AMEL.DE is a Latin America Equities fund tracking the MSCI Emerging Markets Latin America. Both are passively managed. Over the past 10 years, ICLN returned 11.67%/yr vs 8.40%/yr for AMEL.DE. At a 0.41 correlation, their price movements are largely independent. ICLN charges 0.39%/yr vs 0.20%/yr for AMEL.DE.
Performance
ICLN vs. AMEL.DE - Performance Comparison
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Different Trading Currencies
ICLN is traded in USD, while AMEL.DE is traded in EUR. To make them comparable, the AMEL.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 AMEL.DE's 12.08% return. Over the past 10 years, ICLN has outperformed AMEL.DE with an annualized return of 11.67%, while AMEL.DE has yielded a comparatively lower 8.40% annualized return.
ICLN
- 1D
- 0.87%
- 1M
- -4.39%
- YTD
- 27.33%
- 6M
- 27.01%
- 1Y
- 60.81%
- 3Y*
- 5.25%
- 5Y*
- -0.21%
- 10Y*
- 11.67%
AMEL.DE
- 1D
- 3.19%
- 1M
- -4.27%
- YTD
- 12.08%
- 6M
- 13.03%
- 1Y
- 37.41%
- 3Y*
- 12.87%
- 5Y*
- 9.14%
- 10Y*
- 8.40%
ICLN vs. AMEL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 27.33% | 47.05% | -25.72% | -20.41% | -5.43% | -24.18% | 141.82% | 44.36% | -9.03% | 21.47% |
AMEL.DE Amundi MSCI Emerging Markets Latin America UCITS ETF EUR | 12.08% | 55.85% | -26.65% | 32.20% | 9.92% | -10.88% | -13.56% | 18.15% | -7.84% | 23.44% |
Correlation
The correlation between ICLN and AMEL.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2011 | 0.41 |
The correlation between ICLN and AMEL.DE shifts across timeframes, from 0.38 (5 years) to 0.49 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ICLN vs. AMEL.DE — Risk / Return Rank
ICLN
AMEL.DE
ICLN vs. AMEL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Clean Energy ETF (ICLN) and Amundi MSCI Emerging Markets Latin America UCITS ETF EUR (AMEL.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 | AMEL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.30 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.73 | 2.46 | +1.27 |
| Martin ratioReturn relative to average drawdown | 13.84 | 7.76 | +6.08 |
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Drawdowns
ICLN vs. AMEL.DE - Drawdown Comparison
The maximum ICLN drawdown since its inception was -87.15%, which is greater than AMEL.DE's maximum drawdown of -61.57%. Use the drawdown chart below to compare losses from any high point for ICLN and AMEL.DE.
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Drawdown Indicators
| ICLN | AMEL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.15% | -61.57% | -25.58% |
Max Drawdown (1Y)Largest decline over 1 year | -16.38% | -15.11% | -1.27% |
Max Drawdown (3Y)Largest decline over 3 years | -43.18% | -27.01% | -16.17% |
Max Drawdown (5Y)Largest decline over 5 years | -57.16% | -28.52% | -28.64% |
Max Drawdown (10Y)Largest decline over 10 years | -66.75% | -54.94% | -11.81% |
Current DrawdownCurrent decline from peak | -43.03% | -10.20% | -32.83% |
Average DrawdownAverage peak-to-trough decline | -66.56% | -26.35% | -40.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.41% | 4.81% | -0.40% |
Volatility
ICLN vs. AMEL.DE - Volatility Comparison
iShares Global Clean Energy ETF (ICLN) has a higher volatility of 12.97% compared to Amundi MSCI Emerging Markets Latin America UCITS ETF EUR (AMEL.DE) at 7.31%. This indicates that ICLN's price experiences larger fluctuations and is considered to be riskier than AMEL.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 | AMEL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.97% | 7.31% | +5.66% |
Volatility (6M)Calculated over the trailing 6-month period | 22.62% | 17.46% | +5.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.21% | 20.54% | +7.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.55% | 22.51% | +5.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.32% | 26.29% | +1.03% |
ICLN vs. AMEL.DE - Expense Ratio Comparison
ICLN has a 0.39% expense ratio, which is higher than AMEL.DE's 0.20% expense ratio.
Dividends
ICLN vs. AMEL.DE - Dividend Comparison
ICLN's dividend yield for the trailing twelve months is around 1.28%, while AMEL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMEL.DE Amundi MSCI Emerging Markets Latin America UCITS ETF EUR | 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 AMEL.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMEL.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMEL.DE is cheaper with a 0.20% expense ratio, compared with 0.39% for ICLN.
ICLN is categorized as Alternative Energy Equities, while AMEL.DE is Latin America Equities. ICLN tracks S&P Global Clean Energy Index, while AMEL.DE tracks MSCI Emerging Markets Latin America. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.39% for ICLN and 0.20% for AMEL.DE.
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