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.
Performance
ICLN vs. PBW - Performance Comparison
Returns By Period
In the year-to-date period, ICLN achieves a -21.88% return, which is significantly higher than PBW's -33.68% return. Over the past 10 years, ICLN has outperformed PBW with an annualized return of 3.67%, while PBW has yielded a comparatively lower -1.87% annualized return.
ICLN
-21.88%
-10.08%
-14.10%
-12.36%
3.61%
3.67%
PBW
-33.68%
-4.91%
-10.00%
-25.98%
-6.57%
-1.87%
Key characteristics
| ICLN | PBW | |
|---|---|---|
| Sharpe Ratio | -0.47 | -0.63 |
| Sortino Ratio | -0.53 | -0.77 |
| Omega Ratio | 0.94 | 0.92 |
| Calmar Ratio | -0.17 | -0.29 |
| Martin Ratio | -1.06 | -0.89 |
| Ulcer Index | 11.11% | 28.17% |
| Daily Std Dev | 24.92% | 39.81% |
| Max Drawdown | -87.16% | -87.01% |
| Current Drawdown | -68.03% | -84.32% |
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ICLN vs. PBW - Expense Ratio Comparison
ICLN has a 0.46% expense ratio, which is lower than PBW's 0.61% expense ratio.
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.
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.
Dividends
ICLN vs. PBW - Dividend Comparison
ICLN's dividend yield for the trailing twelve months is around 1.81%, less than PBW's 2.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 1.81% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% | 2.83% | 2.11% |
PBW Invesco WilderHill Clean Energy ETF | 2.85% | 3.68% | 4.21% | 1.71% | 0.44% | 1.45% | 2.89% | 1.27% | 2.69% | 1.54% | 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%. Use the drawdown chart below to compare losses from any high point for ICLN and PBW. For additional features, visit the drawdowns tool.
Volatility
ICLN vs. PBW - Volatility Comparison
The current volatility for iShares Global Clean Energy ETF (ICLN) is 9.44%, while Invesco WilderHill Clean Energy ETF (PBW) has a volatility of 10.49%. 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.