ICLN vs. XWEV.L
ICLN (iShares Global Clean Energy ETF) and XWEV.L (Xtrackers MSCI World Value ESG UCITS ETF 1C) are both exchange-traded funds - ICLN is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Index, while XWEV.L is a Global Equities fund tracking the MSCI World Value Low Carbon SRI Screened Select. Both are passively managed. Over the past 3 years, ICLN returned 0.42%/yr vs 21.57%/yr for XWEV.L. At a 0.44 correlation, their price movements are largely independent. ICLN charges 0.39%/yr vs 0.25%/yr for XWEV.L.
Performance
ICLN vs. XWEV.L - Performance Comparison
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Returns By Period
In the year-to-date period, ICLN achieves a 10.70% return, which is significantly lower than XWEV.L's 15.20% 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%
XWEV.L
- 1D
- 0.00%
- 1M
- -2.02%
- 6M
- 13.83%
- YTD
- 15.20%
- 1Y
- 38.07%
- 3Y*
- 21.57%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 22.24%
ICLN vs. XWEV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 10.70% | 47.05% | -25.72% | -14.70% |
XWEV.L Xtrackers MSCI World Value ESG UCITS ETF 1C | 15.20% | 38.58% | 6.98% | 7.84% |
Correlation
The correlation between ICLN and XWEV.L is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023 | 0.44 |
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Return for Risk
ICLN vs. XWEV.L — Risk / Return Rank
ICLN
XWEV.L
ICLN vs. XWEV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Clean Energy ETF (ICLN) and Xtrackers MSCI World Value ESG UCITS ETF 1C (XWEV.L). 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 | XWEV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.44 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 3.65 | -2.15 |
| Martin ratioReturn relative to average drawdown | 5.17 | 13.70 | -8.53 |
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Drawdowns
ICLN vs. XWEV.L - Drawdown Comparison
The maximum ICLN drawdown since its inception was -87.15%, which is greater than XWEV.L's maximum drawdown of -14.23%. Use the drawdown chart below to compare losses from any high point for ICLN and XWEV.L.
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Drawdown Indicators
| ICLN | XWEV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.15% | -14.23% | -72.92% |
Max Drawdown (1Y)Largest decline over 1 year | -23.42% | -10.37% | -13.05% |
Max Drawdown (3Y)Largest decline over 3 years | -42.27% | -14.23% | -28.04% |
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 | -50.47% | -3.42% | -47.05% |
Average DrawdownAverage peak-to-trough decline | -66.45% | -2.34% | -64.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.78% | 2.77% | +4.01% |
Volatility
ICLN vs. XWEV.L - Volatility Comparison
iShares Global Clean Energy ETF (ICLN) has a higher volatility of 11.54% compared to Xtrackers MSCI World Value ESG UCITS ETF 1C (XWEV.L) at 4.25%. This indicates that ICLN's price experiences larger fluctuations and is considered to be riskier than XWEV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICLN | XWEV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.54% | 4.25% | +7.29% |
Volatility (6M)Calculated over the trailing 6-month period | 24.70% | 12.79% | +11.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.86% | 15.43% | +14.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.93% | 15.06% | +12.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.43% | 15.06% | +12.37% |
ICLN vs. XWEV.L - Expense Ratio Comparison
ICLN has a 0.39% expense ratio, which is higher than XWEV.L's 0.25% expense ratio.
Dividends
ICLN vs. XWEV.L - Dividend Comparison
ICLN's dividend yield for the trailing twelve months is around 1.02%, while XWEV.L 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 | 1.02% | 1.63% | 1.85% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% |
XWEV.L Xtrackers MSCI World Value ESG UCITS ETF 1C | 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 XWEV.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XWEV.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XWEV.L is cheaper with a 0.25% expense ratio, compared with 0.39% for ICLN.
ICLN is categorized as Alternative Energy Equities, while XWEV.L is Global Equities. ICLN tracks S&P Global Clean Energy Index, while XWEV.L tracks MSCI World Value Low Carbon SRI Screened Select. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.39% for ICLN and 0.25% for XWEV.L.
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