ICLN vs. TDIV.AS
ICLN (iShares Global Clean Energy ETF) and TDIV.AS (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - ICLN is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Index, while TDIV.AS is a Global Equity Income fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 10 years, ICLN returned 8.88%/yr vs 12.55%/yr for TDIV.AS. At a 0.38 correlation, their price movements are largely independent. ICLN charges 0.39%/yr vs 0.38%/yr for TDIV.AS.
Performance
ICLN vs. TDIV.AS - Performance Comparison
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Different Trading Currencies
ICLN is traded in USD, while TDIV.AS is traded in EUR. To make them comparable, the TDIV.AS values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ICLN achieves a 10.70% return, which is significantly lower than TDIV.AS's 11.34% return. Over the past 10 years, ICLN has underperformed TDIV.AS with an annualized return of 8.88%, while TDIV.AS has yielded a comparatively higher 12.55% annualized return.
ICLN
- 1D
- -1.25%
- 1M
- -14.03%
- 6M
- 2.76%
- YTD
- 10.70%
- 1Y
- 34.98%
- 3Y*
- 0.42%
- 5Y*
- -3.25%
- 10Y*
- 8.88%
- ALL TIME*
- -3.76%
TDIV.AS
- 1D
- -0.46%
- 1M
- 3.45%
- 6M
- 10.36%
- YTD
- 11.34%
- 1Y
- 28.96%
- 3Y*
- 21.96%
- 5Y*
- 17.87%
- 10Y*
- 12.55%
- ALL TIME*
- 12.69%
ICLN vs. TDIV.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 10.70% | 47.05% | -25.72% | -20.41% | -5.43% | -24.18% | 141.82% | 44.36% | -9.03% | 21.47% |
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 11.34% | 41.10% | 8.73% | 15.28% | 8.47% | 19.12% | -2.20% | 18.61% | -11.46% | 17.43% |
Correlation
The correlation between ICLN and TDIV.AS 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 | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.38 |
The correlation between ICLN and TDIV.AS shifts across timeframes, from 0.24 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ICLN vs. TDIV.AS — Risk / Return Rank
ICLN
TDIV.AS
ICLN vs. TDIV.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Clean Energy ETF (ICLN) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS). 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.
| ICLN | TDIV.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.46 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 5.50 | -4.00 |
| Martin ratioReturn relative to average drawdown | 5.17 | 14.27 | -9.10 |
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Drawdowns
ICLN vs. TDIV.AS - Drawdown Comparison
The maximum ICLN drawdown since its inception was -87.15%, which is greater than TDIV.AS's maximum drawdown of -37.99%. Use the drawdown chart below to compare losses from any high point for ICLN and TDIV.AS.
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Drawdown Indicators
| ICLN | TDIV.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.15% | -37.99% | -49.16% |
Max Drawdown (1Y)Largest decline over 1 year | -23.42% | -5.20% | -18.22% |
Max Drawdown (3Y)Largest decline over 3 years | -42.27% | -15.23% | -27.04% |
Max Drawdown (5Y)Largest decline over 5 years | -57.16% | -18.49% | -38.67% |
Max Drawdown (10Y)Largest decline over 10 years | -66.75% | -37.99% | -28.76% |
Current DrawdownCurrent decline from peak | -50.47% | -0.46% | -50.01% |
Average DrawdownAverage peak-to-trough decline | -66.45% | -4.73% | -61.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.78% | 2.01% | +4.77% |
Volatility
ICLN vs. TDIV.AS - Volatility Comparison
iShares Global Clean Energy ETF (ICLN) has a higher volatility of 11.54% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) at 2.58%. This indicates that ICLN's price experiences larger fluctuations and is considered to be riskier than TDIV.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICLN | TDIV.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.54% | 2.58% | +8.96% |
Volatility (6M)Calculated over the trailing 6-month period | 24.70% | 8.27% | +16.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.86% | 10.88% | +18.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.93% | 15.12% | +12.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.43% | 15.80% | +11.63% |
ICLN vs. TDIV.AS - Expense Ratio Comparison
ICLN has a 0.39% expense ratio, which is higher than TDIV.AS's 0.38% expense ratio.
Dividends
ICLN vs. TDIV.AS - Dividend Comparison
ICLN's dividend yield for the trailing twelve months is around 1.02%, less than TDIV.AS's 3.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 1.02% | 1.63% | 1.85% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% |
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.06% | 3.58% | 4.19% | 4.98% | 4.58% | 3.98% | 4.12% | 4.40% | 4.93% | 3.95% | 1.11% | 0.00% |
Frequently Asked Questions
ICLN and TDIV.AS 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.
On fees, TDIV.AS is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TDIV.AS is cheaper with a 0.38% expense ratio, compared with 0.39% for ICLN.
ICLN is categorized as Alternative Energy Equities, while TDIV.AS is Global Equity Income. ICLN tracks S&P Global Clean Energy Index, while TDIV.AS tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.39% for ICLN and 0.38% for TDIV.AS.
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