ICLN vs. FRNW
Compare and contrast key facts about iShares Global Clean Energy ETF (ICLN) and Fidelity Clean Energy ETF (FRNW).
ICLN and FRNW 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. FRNW is an actively managed fund by Fidelity. It was launched on Oct 5, 2021.
Performance
ICLN vs. FRNW - Performance Comparison
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ICLN vs. FRNW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 11.08% | 47.05% | -25.72% | -20.41% | -5.43% | -1.01% |
FRNW Fidelity Clean Energy ETF | 14.35% | 53.20% | -21.11% | -19.64% | -11.46% | -2.85% |
Returns By Period
In the year-to-date period, ICLN achieves a 11.08% return, which is significantly lower than FRNW's 14.35% return.
ICLN
- 1D
- -0.22%
- 1M
- -0.44%
- YTD
- 11.08%
- 6M
- 15.82%
- 1Y
- 61.77%
- 3Y*
- -1.04%
- 5Y*
- -4.16%
- 10Y*
- 8.94%
FRNW
- 1D
- 0.43%
- 1M
- 0.89%
- YTD
- 14.35%
- 6M
- 15.90%
- 1Y
- 81.48%
- 3Y*
- 2.60%
- 5Y*
- —
- 10Y*
- —
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ICLN vs. FRNW - Expense Ratio Comparison
ICLN has a 0.46% expense ratio, which is higher than FRNW's 0.39% expense ratio.
Return for Risk
ICLN vs. FRNW — Risk / Return Rank
ICLN
FRNW
ICLN vs. FRNW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Clean Energy ETF (ICLN) and Fidelity Clean Energy ETF (FRNW). 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.
| ICLN | FRNW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.38 | 3.02 | -0.65 |
Sortino ratioReturn per unit of downside risk | 3.01 | 3.64 | -0.63 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.47 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 5.60 | 7.20 | -1.60 |
Martin ratioReturn relative to average drawdown | 15.65 | 21.15 | -5.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ICLN | FRNW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | 3.02 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | -0.04 | -0.08 |
Correlation
The correlation between ICLN and FRNW is 0.95, 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.
Dividends
ICLN vs. FRNW - Dividend Comparison
ICLN's dividend yield for the trailing twelve months is around 1.47%, more than FRNW's 1.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 1.47% | 1.63% | 1.85% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% |
FRNW Fidelity Clean Energy ETF | 1.10% | 1.25% | 1.43% | 1.30% | 0.69% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ICLN vs. FRNW - Drawdown Comparison
The maximum ICLN drawdown since its inception was -87.15%, which is greater than FRNW's maximum drawdown of -59.37%. Use the drawdown chart below to compare losses from any high point for ICLN and FRNW.
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Drawdown Indicators
| ICLN | FRNW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.15% | -59.37% | -27.78% |
Max Drawdown (1Y)Largest decline over 1 year | -11.22% | -11.58% | +0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -57.16% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -66.75% | — | — |
Current DrawdownCurrent decline from peak | -50.31% | -17.42% | -32.89% |
Average DrawdownAverage peak-to-trough decline | -66.84% | -34.23% | -32.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.01% | 3.94% | +0.07% |
Volatility
ICLN vs. FRNW - Volatility Comparison
iShares Global Clean Energy ETF (ICLN) has a higher volatility of 10.23% compared to Fidelity Clean Energy ETF (FRNW) at 7.52%. This indicates that ICLN's price experiences larger fluctuations and is considered to be riskier than FRNW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICLN | FRNW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.23% | 7.52% | +2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 20.47% | 19.57% | +0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.14% | 27.10% | -0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.16% | 28.45% | -1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.04% | 28.45% | -1.41% |