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ICLN vs. PBW
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


ICLNPBW
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 Dev25.41%38.67%
Max Drawdown-87.16%-87.01%
Current Drawdown-63.26%-81.54%

Correlation

0.79
-1.001.00

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.


-70.00%-65.00%-60.00%OctoberNovemberDecember2024FebruaryMarch
-63.26%
-71.21%
ICLN
PBW

Compare stocks, funds, or ETFs


iShares Global Clean Energy ETF

Invesco WilderHill Clean Energy ETF

ICLN vs. PBW - Expense Ratio Comparison

ICLN has a 0.46% expense ratio, which is lower than PBW's 0.61% expense ratio.

PBW
Invesco WilderHill Clean Energy ETF
0.50%1.00%1.50%2.00%0.61%
0.50%1.00%1.50%2.00%0.46%

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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
ICLN
iShares Global Clean Energy ETF
-0.96
PBW
Invesco WilderHill Clean Energy ETF
-0.93

ICLN vs. PBW - Sharpe Ratio Comparison

The current ICLN Sharpe Ratio is -0.96, which roughly equals the PBW Sharpe Ratio of -0.93. The chart below compares the 12-month rolling Sharpe Ratio of ICLN and PBW.


Rolling 12-month Sharpe Ratio-1.60-1.40-1.20-1.00-0.80-0.60-0.40OctoberNovemberDecember2024FebruaryMarch
-0.96
-0.93
ICLN
PBW

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.


TTM20232022202120202019201820172016201520142013
ICLN
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%
PBW
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


-80.00%-75.00%-70.00%-65.00%-60.00%OctoberNovemberDecember2024FebruaryMarch
-63.26%
-81.54%
ICLN
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.


4.00%6.00%8.00%10.00%12.00%14.00%16.00%OctoberNovemberDecember2024FebruaryMarch
6.93%
9.69%
ICLN
PBW