ICLN vs. PBW
Compare and contrast key facts about iShares Global Clean Energy ETF (ICLN) and Invesco WilderHill Clean Energy ETF (PBW).
ICLN and PBW 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. PBW is a passively managed fund by Invesco that tracks the performance of the The WilderHill Clean Energy Index (AMEX). It was launched on Mar 3, 2005. Both ICLN and PBW 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 PBW.
Key characteristics
ICLN | PBW | |
---|---|---|
YTD Return | -10.21% | -21.91% |
1Y Return | -25.96% | -38.31% |
3Y Return (Ann) | -13.58% | -34.49% |
5Y Return (Ann) | 8.66% | -0.79% |
10Y Return (Ann) | 4.23% | -2.13% |
Sharpe Ratio | -0.96 | -0.93 |
Daily Std Dev | 25.41% | 38.67% |
Max Drawdown | -87.16% | -87.01% |
Current Drawdown | -63.26% | -81.54% |
Correlation
The correlation between ICLN and PBW is 0.79, 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.
Performance
ICLN vs. PBW - Performance Comparison
In the year-to-date period, ICLN achieves a -10.21% return, which is significantly higher than PBW's -21.91% return. Over the past 10 years, ICLN has outperformed PBW with an annualized return of 4.23%, while PBW has yielded a comparatively lower -2.13% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
ICLN vs. PBW - Expense Ratio Comparison
Risk-Adjusted Performance
ICLN vs. PBW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Clean Energy ETF (ICLN) and Invesco WilderHill Clean Energy ETF (PBW). 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.
Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
---|---|---|---|---|---|
iShares Global Clean Energy ETF | -0.96 | ||||
Invesco WilderHill Clean Energy ETF | -0.93 |
Dividends
ICLN vs. PBW - Dividend Comparison
ICLN's dividend yield for the trailing twelve months is around 1.77%, less than PBW's 3.43% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
iShares Global Clean Energy ETF | 1.77% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% | 2.82% | 2.10% |
Invesco WilderHill Clean Energy ETF | 3.43% | 3.68% | 4.21% | 1.71% | 0.44% | 1.45% | 2.89% | 1.28% | 2.68% | 1.53% | 2.96% | 2.18% |
Drawdowns
ICLN vs. PBW - Drawdown Comparison
The maximum ICLN drawdown since its inception was -87.16%, roughly equal to the maximum PBW drawdown of -87.01%. The drawdown chart below compares losses from any high point along the way for ICLN and PBW
Volatility
ICLN vs. PBW - Volatility Comparison
The current volatility for iShares Global Clean Energy ETF (ICLN) is 6.93%, while Invesco WilderHill Clean Energy ETF (PBW) has a volatility of 9.69%. This indicates that ICLN experiences smaller price fluctuations and is considered to be less risky than PBW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.