ICLN vs. URAN
ICLN (iShares Global Clean Energy ETF) and URAN (Themes Uranium & Nuclear ETF) are both exchange-traded funds - ICLN is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Index, while URAN is a Uranium fund tracking the BITA Global Uranium and Nuclear Select Index. Both are passively managed. Over the past year, ICLN returned 64.46% vs 11.93% for URAN. At a 0.47 correlation, their price movements are largely independent. ICLN charges 0.39%/yr vs 0.35%/yr for URAN.
Performance
ICLN vs. URAN - Performance Comparison
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Returns By Period
In the year-to-date period, ICLN achieves a 26.14% return, which is significantly higher than URAN's -3.44% return.
ICLN
- 1D
- -4.44%
- 1M
- -7.52%
- YTD
- 26.14%
- 6M
- 25.31%
- 1Y
- 64.46%
- 3Y*
- 6.74%
- 5Y*
- -0.79%
- 10Y*
- 11.38%
URAN
- 1D
- -1.32%
- 1M
- -5.33%
- YTD
- -3.44%
- 6M
- -5.94%
- 1Y
- 11.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ICLN vs. URAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 26.14% | 47.05% | -20.64% |
URAN Themes Uranium & Nuclear ETF | -3.44% | 49.05% | 3.89% |
Correlation
The correlation between ICLN and URAN is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2024 | 0.47 |
The correlation between ICLN and URAN has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.
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Return for Risk
ICLN vs. URAN — Risk / Return Rank
ICLN
URAN
ICLN vs. URAN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Clean Energy ETF (ICLN) and Themes Uranium & Nuclear ETF (URAN). 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 | URAN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.97 | ||
| Sortino ratioReturn per unit of downside risk | +2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.08 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | 0.39 | +3.57 |
| Martin ratioReturn relative to average drawdown | 13.73 | 0.85 | +12.88 |
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Drawdowns
ICLN vs. URAN - Drawdown Comparison
The maximum ICLN drawdown since its inception was -87.15%, which is greater than URAN's maximum drawdown of -31.96%. Use the drawdown chart below to compare losses from any high point for ICLN and URAN.
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Drawdown Indicators
| ICLN | URAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.15% | -31.96% | -55.19% |
Max Drawdown (1Y)Largest decline over 1 year | -16.38% | -31.02% | +14.64% |
Max Drawdown (3Y)Largest decline over 3 years | -43.18% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -57.16% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -66.75% | — | — |
Current DrawdownCurrent decline from peak | -43.56% | -26.70% | -16.86% |
Average DrawdownAverage peak-to-trough decline | -66.53% | -11.20% | -55.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.71% | 14.06% | -9.35% |
Volatility
ICLN vs. URAN - Volatility Comparison
iShares Global Clean Energy ETF (ICLN) and Themes Uranium & Nuclear ETF (URAN) have volatilities of 13.47% and 13.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICLN | URAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.47% | 13.40% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 23.14% | 30.44% | -7.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.52% | 39.64% | -11.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.69% | 39.40% | -11.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.33% | 39.40% | -12.07% |
ICLN vs. URAN - Expense Ratio Comparison
ICLN has a 0.39% expense ratio, which is higher than URAN's 0.35% expense ratio.
Dividends
ICLN vs. URAN - Dividend Comparison
ICLN's dividend yield for the trailing twelve months is around 0.89%, less than URAN's 2.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 0.89% | 1.63% | 1.85% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% |
URAN Themes Uranium & Nuclear ETF | 2.65% | 2.56% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ICLN and URAN have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ICLN has higher volatility (13.47%) compared to URAN (13.40%). In terms of maximum drawdown, ICLN dropped -87.15% vs URAN's -31.96%.
On 1-year performance, ICLN leads with 64.46% vs 11.93% for URAN. On fees, URAN is cheaper at 0.35% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ICLN has performed better with a 64.46% return vs 11.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
URAN is cheaper with a 0.35% expense ratio, compared with 0.39% for ICLN.
URAN has the higher dividend yield at 2.65%, compared with 0.89% for ICLN.
ICLN is categorized as Alternative Energy Equities, while URAN is Uranium. ICLN tracks S&P Global Clean Energy Index, while URAN tracks BITA Global Uranium and Nuclear Select Index. They also come from different issuers: iShares and Themes. Their fees differ too: 0.39% for ICLN and 0.35% for URAN.
ICLN currently has the higher Sharpe Ratio (2.27 vs 0.30), 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.
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