ICLN vs. HIGH.L
ICLN (iShares Global Clean Energy ETF) and HIGH.L (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc)) are both exchange-traded funds - ICLN is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Index, while HIGH.L is a European High Yield Bonds fund tracking the Bloomberg Pan Euro HY Euro TR EUR. Both are passively managed. Over the past 5 years, ICLN returned -3.25%/yr vs 2.07%/yr for HIGH.L. At a 0.40 correlation, their price movements are largely independent. ICLN charges 0.39%/yr vs 0.50%/yr for HIGH.L.
Performance
ICLN vs. HIGH.L - Performance Comparison
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Different Trading Currencies
ICLN is traded in USD, while HIGH.L is traded in EUR. To make them comparable, the HIGH.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ICLN achieves a 10.70% return, which is significantly higher than HIGH.L's -1.58% return.
ICLN
- 1D
- -1.25%
- 1M
- -14.03%
- 6M
- 2.76%
- YTD
- 10.70%
- 1Y
- 34.98%
- 3Y*
- 0.42%
- 5Y*
- -3.25%
- 10Y*
- 8.88%
- ALL TIME*
- -3.76%
HIGH.L
- 1D
- -0.22%
- 1M
- -0.51%
- 6M
- -0.58%
- YTD
- -1.58%
- 1Y
- 1.23%
- 3Y*
- 7.11%
- 5Y*
- 2.07%
- 10Y*
- —
- ALL TIME*
- 2.13%
ICLN vs. HIGH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 10.70% | 47.05% | -25.72% | -20.41% | -5.43% | -24.18% | 141.82% | 44.36% | -9.03% | 2.53% |
HIGH.L iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) | -1.58% | 18.98% | -0.83% | 15.11% | -14.77% | -4.19% | 10.05% | 7.62% | -7.91% | 1.16% |
Correlation
The correlation between ICLN and HIGH.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2017 | 0.40 |
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Return for Risk
ICLN vs. HIGH.L — Risk / Return Rank
ICLN
HIGH.L
ICLN vs. HIGH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Clean Energy ETF (ICLN) and iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) (HIGH.L). 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 | HIGH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.03 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 0.17 | +1.34 |
| Martin ratioReturn relative to average drawdown | 5.17 | 0.42 | +4.75 |
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Drawdowns
ICLN vs. HIGH.L - Drawdown Comparison
The maximum ICLN drawdown since its inception was -87.15%, which is greater than HIGH.L's maximum drawdown of -31.47%. Use the drawdown chart below to compare losses from any high point for ICLN and HIGH.L.
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Drawdown Indicators
| ICLN | HIGH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.15% | -31.47% | -55.68% |
Max Drawdown (1Y)Largest decline over 1 year | -23.42% | -7.40% | -16.02% |
Max Drawdown (3Y)Largest decline over 3 years | -42.27% | -7.61% | -34.66% |
Max Drawdown (5Y)Largest decline over 5 years | -57.16% | -30.19% | -26.97% |
Max Drawdown (10Y)Largest decline over 10 years | -66.75% | — | — |
Current DrawdownCurrent decline from peak | -50.47% | -4.45% | -46.02% |
Average DrawdownAverage peak-to-trough decline | -66.45% | -8.35% | -58.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.78% | 2.89% | +3.89% |
Volatility
ICLN vs. HIGH.L - Volatility Comparison
iShares Global Clean Energy ETF (ICLN) has a higher volatility of 11.54% compared to iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) (HIGH.L) at 1.49%. This indicates that ICLN's price experiences larger fluctuations and is considered to be riskier than HIGH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICLN | HIGH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.54% | 1.49% | +10.05% |
Volatility (6M)Calculated over the trailing 6-month period | 24.70% | 6.01% | +18.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.86% | 7.72% | +22.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.93% | 10.51% | +17.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.43% | 10.87% | +16.56% |
ICLN vs. HIGH.L - Expense Ratio Comparison
ICLN has a 0.39% expense ratio, which is lower than HIGH.L's 0.50% expense ratio.
Dividends
ICLN vs. HIGH.L - Dividend Comparison
ICLN's dividend yield for the trailing twelve months is around 1.02%, while HIGH.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIGH.L iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) | 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 | 1.02% | 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 HIGH.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICLN is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICLN is cheaper with a 0.39% expense ratio, compared with 0.50% for HIGH.L.
ICLN is categorized as Alternative Energy Equities, while HIGH.L is European High Yield Bonds. ICLN tracks S&P Global Clean Energy Index, while HIGH.L tracks Bloomberg Pan Euro HY Euro TR EUR. Their fees differ too: 0.39% for ICLN and 0.50% for HIGH.L.
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