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ICLN vs. RDIV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ICLN vs. RDIV

Last updated Jun 16, 2026

ICLN (iShares Global Clean Energy ETF) and RDIV (Invesco S&P Ultra Dividend Revenue ETF) are both exchange-traded funds - ICLN is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Index, while RDIV is a Mid Cap Value Equities fund tracking the S&P 900 Dividend Revenue-Weighted Index. Both are passively managed. Over the past 10 years, ICLN returned 11.52%/yr vs 11.04%/yr for RDIV. At a 0.45 correlation, their price movements are largely independent. Both charge a 0.39% expense ratio.

Performance

ICLN vs. RDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Clean Energy ETF (ICLN) and Invesco S&P Ultra Dividend Revenue ETF (RDIV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ICLN achieves a 28.34% return, which is significantly higher than RDIV's 14.73% return. Both investments have delivered pretty close results over the past 10 years, with ICLN having a 11.52% annualized return and RDIV not far behind at 11.04%.

ICLN

1D
0.80%
1M
-3.23%
YTD
28.34%
6M
28.17%
1Y
61.48%
3Y*
5.46%
5Y*
-0.17%
10Y*
11.52%

RDIV

1D
-1.73%
1M
5.67%
YTD
14.73%
6M
12.64%
1Y
29.81%
3Y*
18.46%
5Y*
10.99%
10Y*
11.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ICLN vs. RDIV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ICLN
iShares Global Clean Energy ETF		28.34%47.05%-25.72%-20.41%-5.43%-24.18%141.82%44.36%-9.03%21.47%
RDIV
Invesco S&P Ultra Dividend Revenue ETF		14.73%12.36%15.17%4.66%7.16%29.12%-9.31%22.62%-4.78%11.63%

Correlation

The correlation between ICLN and RDIV is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.24

Correlation (3Y)
Calculated over the trailing 3-year period

0.43

Correlation (5Y)
Calculated over the trailing 5-year period

0.44

Correlation (10Y)
Calculated over the trailing 10-year period

0.44

Correlation (All Time)
Calculated using the full available price history since Oct 1, 2013

0.45

Over the past year, the correlation between ICLN and RDIV has dropped to 0.24 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.

ICLN vs. RDIV - Sectors Allocation Comparison

Sectors
ICLN
RDIV

Utilities

35.4%
6.2%

Industrials

26.2%

-

Energy

24.9%
17.3%

Technology

10.8%
6.2%

Basic Materials

1.3%
0.5%

Consumer Cyclical

0.1%
15.0%

Communication Services

-

8.8%

Consumer Defensive

-

14.6%

Financial Services

-

17.8%

Healthcare

-

6.8%

Real Estate

-

7.3%

Utilities

ICLN
35.4%
RDIV
6.2%

Industrials

ICLN
26.2%
RDIV

-

Energy

ICLN
24.9%
RDIV
17.3%

Technology

ICLN
10.8%
RDIV
6.2%

Basic Materials

ICLN
1.3%
RDIV
0.5%

Consumer Cyclical

ICLN
0.1%
RDIV
15.0%

Communication Services

ICLN

-

RDIV
8.8%

Consumer Defensive

ICLN

-

RDIV
14.6%

Financial Services

ICLN

-

RDIV
17.8%

Healthcare

ICLN

-

RDIV
6.8%

Real Estate

ICLN

-

RDIV
7.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Global Clean Energy ETF

Invesco S&P Ultra Dividend Revenue ETF

Often compared with ICLN:
ICLN vs. TANICLN vs. QCLNICLN vs. GRIDICLN vs. INRG.LICLN vs. PBWICLN vs. CNRGICLN vs. LIT
Often compared with RDIV:
RDIV vs. SCHDRDIV vs. VOORDIV vs. AFKRDIV vs. BKERDIV vs. VYMRDIV vs. EQQQ.DERDIV vs. VIG

Return for Risk

ICLN vs. RDIV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ICLN
ICLN Risk / Return Rank: 7373
Overall Rank
ICLN Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
ICLN Sortino Ratio Rank: 6767
Sortino Ratio Rank
ICLN Omega Ratio Rank: 6464
Omega Ratio Rank
ICLN Calmar Ratio Rank: 8080
Calmar Ratio Rank
ICLN Martin Ratio Rank: 7979
Martin Ratio Rank
RDIV
RDIV Risk / Return Rank: 8484
Overall Rank
RDIV Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
RDIV Sortino Ratio Rank: 8383
Sortino Ratio Rank
RDIV Omega Ratio Rank: 7474
Omega Ratio Rank
RDIV Calmar Ratio Rank: 9494
Calmar Ratio Rank
RDIV Martin Ratio Rank: 8989
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ICLN vs. RDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Clean Energy ETF (ICLN) and Invesco S&P Ultra Dividend Revenue ETF (RDIV). 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.

ICLNRDIVDifference
Sharpe ratioReturn per unit of total volatility
2.19
2.26

-0.07

Sortino ratioReturn per unit of downside risk
2.75
3.33

-0.58

Omega ratioGain probability vs. loss probability

1.35

1.39

-0.05

Calmar ratioReturn relative to maximum drawdown

3.77

6.18

-2.41

Martin ratioReturn relative to average drawdown

13.82

18.36

-4.54

ICLN vs. RDIV - Sharpe Ratio Comparison

The current ICLN Sharpe Ratio is 2.19, which is comparable to the RDIV Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of ICLN and RDIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ICLN vs. RDIV - Drawdown Comparison

The maximum ICLN drawdown since its inception was -87.15%, which is greater than RDIV's maximum drawdown of -49.97%. Use the drawdown chart below to compare losses from any high point for ICLN and RDIV.

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Drawdown Indicators

ICLNRDIVDifference

Max Drawdown

Largest peak-to-trough decline

-87.15%

-49.97%

-37.18%

Max Drawdown (1Y)

Largest decline over 1 year

-16.38%

-4.84%

-11.54%

Max Drawdown (3Y)

Largest decline over 3 years

-43.18%

-17.91%

-25.27%

Max Drawdown (5Y)

Largest decline over 5 years

-57.16%

-24.89%

-32.27%

Max Drawdown (10Y)

Largest decline over 10 years

-66.75%

-49.97%

-16.78%

Current Drawdown

Current decline from peak

-42.58%

-1.73%

-40.85%

Average Drawdown

Average peak-to-trough decline

-66.55%

-5.85%

-60.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.46%

1.63%

+2.83%

Volatility

ICLN vs. RDIV - Volatility Comparison

iShares Global Clean Energy ETF (ICLN) has a higher volatility of 12.94% compared to Invesco S&P Ultra Dividend Revenue ETF (RDIV) at 4.07%. This indicates that ICLN's price experiences larger fluctuations and is considered to be riskier than RDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ICLNRDIVDifference

Volatility (1M)

Calculated over the trailing 1-month period

12.94%

4.07%

+8.87%

Volatility (6M)

Calculated over the trailing 6-month period

22.57%

8.83%

+13.74%

Volatility (1Y)

Calculated over the trailing 1-year period

28.28%

13.26%

+15.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.55%

17.56%

+9.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.33%

21.90%

+5.43%

ICLN vs. RDIV - Expense Ratio Comparison

Both ICLN and RDIV have an expense ratio of 0.39%.

Dividends

ICLN vs. RDIV - Dividend Comparison

ICLN's dividend yield for the trailing twelve months is around 1.54%, less than RDIV's 3.57% yield.

PositionTTM20252024202320222021202020192018201720162015
ICLN
iShares Global Clean Energy ETF		1.54%1.63%1.85%1.59%0.89%1.18%0.34%1.36%2.77%2.49%3.88%2.36%
RDIV
Invesco S&P Ultra Dividend Revenue ETF		3.57%3.94%4.08%3.93%3.44%3.31%4.93%3.84%4.32%4.26%2.20%4.49%

Frequently Asked Questions

ICLN and RDIV have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ICLN has higher volatility (12.94%) compared to RDIV (4.07%). In terms of maximum drawdown, ICLN dropped -87.15% vs RDIV's -49.97%.

On 10-year performance, ICLN leads with 11.52% vs 11.04% for RDIV. Both ETFs have the same 0.39% expense ratio. On volatility, RDIV has been the lower-risk option at 4.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, ICLN has performed better with a 11.52% return vs 11.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ICLN and RDIV have the same expense ratio: 0.39% per year.

RDIV has the higher dividend yield at 3.57%, compared with 1.54% for ICLN.

ICLN is categorized as Alternative Energy Equities, while RDIV is Mid Cap Value Equities. ICLN tracks S&P Global Clean Energy Index, while RDIV tracks S&P 900 Dividend Revenue-Weighted Index. They also come from different issuers: iShares and Invesco.

RDIV currently has the higher Sharpe Ratio (2.26 vs 2.19), 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.

Portfolio Optimizer

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