ICLN vs. IBIT
ICLN (iShares Global Clean Energy ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - ICLN is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, ICLN returned 83.73% vs -38.74% for IBIT. At a 0.27 correlation, their price movements are largely independent. ICLN charges 0.46%/yr vs 0.25%/yr for IBIT.
Performance
ICLN vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, ICLN achieves a 40.54% return, which is significantly higher than IBIT's -25.48% return.
ICLN
- 1D
- -2.78%
- 1M
- 11.22%
- YTD
- 40.54%
- 6M
- 39.84%
- 1Y
- 83.73%
- 3Y*
- 8.92%
- 5Y*
- 2.10%
- 10Y*
- 11.99%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ICLN vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 40.54% | 47.05% | -21.05% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between ICLN and IBIT is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.27 |
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Return for Risk
ICLN vs. IBIT — Risk / Return Rank
ICLN
IBIT
ICLN vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Clean Energy ETF (ICLN) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.09 | ||
| Sortino ratioReturn per unit of downside risk | +5.08 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 0.86 | +0.61 |
| Calmar ratioReturn relative to maximum drawdown | 7.50 | -0.79 | +8.29 |
| Martin ratioReturn relative to average drawdown | 21.35 | -1.36 | +22.71 |
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 | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.20 | -0.89 | +4.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 0.30 | -0.37 |
Drawdowns
ICLN vs. IBIT - Drawdown Comparison
The maximum ICLN drawdown since its inception was -87.15%, which is greater than IBIT's maximum drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for ICLN and IBIT.
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Drawdown Indicators
| ICLN | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.15% | -49.36% | -37.79% |
Max Drawdown (1Y)Largest decline over 1 year | -11.22% | -49.36% | +38.14% |
Max Drawdown (3Y)Largest decline over 3 years | -43.18% | — | — |
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 | -37.13% | -48.10% | +10.97% |
Average DrawdownAverage peak-to-trough decline | -66.61% | -16.02% | -50.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 28.44% | -24.50% |
Volatility
ICLN vs. IBIT - Volatility Comparison
iShares Global Clean Energy ETF (ICLN) and iShares Bitcoin Trust ETF (IBIT) have volatilities of 9.53% and 9.50%, 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.
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Volatility by Period
| ICLN | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.53% | 9.50% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 20.21% | 34.44% | -14.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.38% | 43.73% | -17.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.21% | 50.19% | -22.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.20% | 50.19% | -22.99% |
ICLN vs. IBIT - Expense Ratio Comparison
ICLN has a 0.46% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
ICLN vs. IBIT - Dividend Comparison
ICLN's dividend yield for the trailing twelve months is around 1.16%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 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 | 1.16% | 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 IBIT have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ICLN has higher volatility (9.53%) compared to IBIT (9.50%). In terms of maximum drawdown, ICLN dropped -87.15% vs IBIT's -49.36%.
On 1-year performance, ICLN leads with 83.73% vs -38.74% for IBIT. On fees, IBIT is cheaper at 0.25% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ICLN has performed better with a 83.73% return vs -38.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.46% for ICLN.
ICLN has the higher dividend yield at 1.16%, compared with 0.00% for IBIT.
ICLN is categorized as Alternative Energy Equities, while IBIT is Cryptocurrency. ICLN tracks S&P Global Clean Energy Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.46% for ICLN and 0.25% for IBIT.
ICLN currently has the higher Sharpe Ratio (3.20 vs -0.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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