ICLN vs. VVMX.DE
ICLN (iShares Global Clean Energy ETF) and VVMX.DE (VanEck Rare Earth and Strategic Metals UCITS ETF A) are both exchange-traded funds - ICLN is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Index, while VVMX.DE is a Commodity Producers Equities fund tracking the MVIS Global Rare Earth/Strategic Metals. Both are passively managed. Over the past 3 years, ICLN returned 5.25%/yr vs 6.16%/yr for VVMX.DE. At a 0.41 correlation, their price movements are largely independent. ICLN charges 0.39%/yr vs 0.59%/yr for VVMX.DE.
Performance
ICLN vs. VVMX.DE - Performance Comparison
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Different Trading Currencies
ICLN is traded in USD, while VVMX.DE is traded in EUR. To make them comparable, the VVMX.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ICLN achieves a 27.33% return, which is significantly lower than VVMX.DE's 28.72% return.
ICLN
- 1D
- 0.87%
- 1M
- -4.39%
- YTD
- 27.33%
- 6M
- 27.01%
- 1Y
- 60.81%
- 3Y*
- 5.25%
- 5Y*
- -0.21%
- 10Y*
- 11.67%
VVMX.DE
- 1D
- -1.72%
- 1M
- -9.98%
- YTD
- 28.72%
- 6M
- 35.99%
- 1Y
- 146.97%
- 3Y*
- 6.16%
- 5Y*
- —
- 10Y*
- —
ICLN vs. VVMX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 27.33% | 47.05% | -25.72% | -20.41% | -5.43% | -2.95% |
VVMX.DE VanEck Rare Earth and Strategic Metals UCITS ETF A | 28.72% | 90.17% | -34.77% | -18.68% | -30.51% | 14.20% |
Correlation
The correlation between ICLN and VVMX.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021 | 0.41 |
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Return for Risk
ICLN vs. VVMX.DE — Risk / Return Rank
ICLN
VVMX.DE
ICLN vs. VVMX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Clean Energy ETF (ICLN) and VanEck Rare Earth and Strategic Metals UCITS ETF A (VVMX.DE). 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 | VVMX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.44 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.73 | 7.50 | -3.77 |
| Martin ratioReturn relative to average drawdown | 13.84 | 19.56 | -5.72 |
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Drawdowns
ICLN vs. VVMX.DE - Drawdown Comparison
The maximum ICLN drawdown since its inception was -87.15%, which is greater than VVMX.DE's maximum drawdown of -73.32%. Use the drawdown chart below to compare losses from any high point for ICLN and VVMX.DE.
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Drawdown Indicators
| ICLN | VVMX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.15% | -73.32% | -13.83% |
Max Drawdown (1Y)Largest decline over 1 year | -16.38% | -21.21% | +4.83% |
Max Drawdown (3Y)Largest decline over 3 years | -43.18% | -62.07% | +18.89% |
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 | -43.03% | -21.15% | -21.88% |
Average DrawdownAverage peak-to-trough decline | -66.56% | -41.51% | -25.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.41% | 8.15% | -3.74% |
Volatility
ICLN vs. VVMX.DE - Volatility Comparison
iShares Global Clean Energy ETF (ICLN) and VanEck Rare Earth and Strategic Metals UCITS ETF A (VVMX.DE) have volatilities of 12.97% and 12.99%, 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 | VVMX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.97% | 12.99% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 22.62% | 32.83% | -10.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.21% | 46.42% | -18.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.55% | 37.91% | -10.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.32% | 37.91% | -10.59% |
ICLN vs. VVMX.DE - Expense Ratio Comparison
ICLN has a 0.39% expense ratio, which is lower than VVMX.DE's 0.59% expense ratio.
Dividends
ICLN vs. VVMX.DE - Dividend Comparison
ICLN's dividend yield for the trailing twelve months is around 1.28%, while VVMX.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 1.28% | 1.63% | 1.85% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% |
VVMX.DE VanEck Rare Earth and Strategic Metals UCITS ETF A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ICLN and VVMX.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICLN is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICLN is cheaper with a 0.39% expense ratio, compared with 0.59% for VVMX.DE.
ICLN is categorized as Alternative Energy Equities, while VVMX.DE is Commodity Producers Equities. ICLN tracks S&P Global Clean Energy Index, while VVMX.DE tracks MVIS Global Rare Earth/Strategic Metals. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.39% for ICLN and 0.59% for VVMX.DE.
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