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IPRP.L vs. ICLN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IPRP.L vs. ICLN

Last updated Jun 13, 2026

IPRP.L (iShares European Property Yield UCITS ETF) and ICLN (iShares Global Clean Energy ETF) are both exchange-traded funds - IPRP.L is a REIT fund tracking the FTSE EPRA Nareit Developed Europe TR EUR, while ICLN is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Index. Both are passively managed. Over the past 10 years, IPRP.L returned 1.88%/yr vs 12.25%/yr for ICLN. At a 0.34 correlation, their price movements are largely independent. IPRP.L charges 0.40%/yr vs 0.39%/yr for ICLN.

Performance

IPRP.L vs. ICLN - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares European Property Yield UCITS ETF (IPRP.L) and iShares Global Clean Energy ETF (ICLN). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IPRP.L is traded in GBp, while ICLN is traded in USD. To make them comparable, the ICLN values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, IPRP.L achieves a 0.47% return, which is significantly lower than ICLN's 27.98% return. Over the past 10 years, IPRP.L has underperformed ICLN with an annualized return of 1.88%, while ICLN has yielded a comparatively higher 12.25% annualized return.

IPRP.L

1D
1.60%
1M
0.26%
YTD
0.47%
6M
2.67%
1Y
1.29%
3Y*
11.51%
5Y*
-4.25%
10Y*
1.88%

ICLN

1D
0.96%
1M
-3.55%
YTD
27.98%
6M
26.69%
1Y
63.36%
3Y*
3.13%
5Y*
0.82%
10Y*
12.25%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IPRP.L vs. ICLN - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IPRP.L
iShares European Property Yield UCITS ETF		0.47%13.63%-4.96%15.42%-33.74%1.88%-3.84%18.45%-5.36%19.14%
ICLN
iShares Global Clean Energy ETF		27.98%36.57%-24.42%-24.38%5.82%-23.46%134.72%38.87%-3.64%10.96%

Correlation

The correlation between IPRP.L and ICLN is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

0.05

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

0.26

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

0.27

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

0.29

Correlation (All Time)
Calculated using the full available price history since Jun 25, 2008

0.34

Over the past year, the correlation between IPRP.L and ICLN has dropped to 0.05 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.

IPRP.L vs. ICLN - Sectors Allocation Comparison

Sectors
IPRP.L
ICLN

Real Estate

100.0%

-

Basic Materials

-

1.1%

Communication Services

-

-

Consumer Cyclical

-

0.1%

Consumer Defensive

-

-

Energy

-

26.4%

Financial Services

-

-

Healthcare

-

-

Industrials

-

27.8%

Technology

-

11.1%

Utilities

-

32.8%

Real Estate

IPRP.L
100.0%
ICLN

-

Basic Materials

IPRP.L

-

ICLN
1.1%

Communication Services

IPRP.L

-

ICLN

-

Consumer Cyclical

IPRP.L

-

ICLN
0.1%

Consumer Defensive

IPRP.L

-

ICLN

-

Energy

IPRP.L

-

ICLN
26.4%

Financial Services

IPRP.L

-

ICLN

-

Healthcare

IPRP.L

-

ICLN

-

Industrials

IPRP.L

-

ICLN
27.8%

Technology

IPRP.L

-

ICLN
11.1%

Utilities

IPRP.L

-

ICLN
32.8%

Compare stocks, funds, or ETFs

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

iShares European Property Yield UCITS ETF

iShares Global Clean Energy ETF

Often compared with IPRP.L:
IPRP.L vs. IUSP.LIPRP.L vs. IEUSIPRP.L vs. VNQIPRP.L vs. IDWP.LIPRP.L vs. AYEP.DEIPRP.L vs. XDER.LIPRP.L vs. IJS
Often compared with ICLN:
ICLN vs. TANICLN vs. QCLNICLN vs. GRIDICLN vs. INRG.LICLN vs. PBWICLN vs. CNRGICLN vs. LIT

Return for Risk

IPRP.L vs. ICLN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IPRP.L
IPRP.L Risk / Return Rank: 1010
Overall Rank
IPRP.L Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
IPRP.L Sortino Ratio Rank: 1010
Sortino Ratio Rank
IPRP.L Omega Ratio Rank: 1010
Omega Ratio Rank
IPRP.L Calmar Ratio Rank: 1010
Calmar Ratio Rank
IPRP.L Martin Ratio Rank: 1010
Martin Ratio Rank
ICLN
ICLN Risk / Return Rank: 7575
Overall Rank
ICLN Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
ICLN Sortino Ratio Rank: 7070
Sortino Ratio Rank
ICLN Omega Ratio Rank: 6767
Omega Ratio Rank
ICLN Calmar Ratio Rank: 8181
Calmar Ratio Rank
ICLN Martin Ratio Rank: 8181
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.

IPRP.L vs. ICLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares European Property Yield UCITS ETF (IPRP.L) and iShares Global Clean Energy ETF (ICLN). 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.

IPRP.LICLNDifference
Sharpe ratioReturn per unit of total volatility
0.08
2.38

-2.30

Sortino ratioReturn per unit of downside risk
0.23
2.99

-2.77

Omega ratioGain probability vs. loss probability

1.03

1.38

-0.35

Calmar ratioReturn relative to maximum drawdown

0.08

4.03

-3.95

Martin ratioReturn relative to average drawdown

0.21

13.19

-12.99

IPRP.L vs. ICLN - Sharpe Ratio Comparison

The current IPRP.L Sharpe Ratio is 0.08, which is lower than the ICLN Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of IPRP.L and ICLN, 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

IPRP.L vs. ICLN - Drawdown Comparison

The maximum IPRP.L drawdown since its inception was -64.48%, smaller than the maximum ICLN drawdown of -84.40%. Use the drawdown chart below to compare losses from any high point for IPRP.L and ICLN.

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Drawdown Indicators

IPRP.LICLNDifference

Max Drawdown

Largest peak-to-trough decline

-64.48%

-84.40%

+19.92%

Max Drawdown (1Y)

Largest decline over 1 year

-16.12%

-15.79%

-0.33%

Max Drawdown (3Y)

Largest decline over 3 years

-16.12%

-42.62%

+26.50%

Max Drawdown (5Y)

Largest decline over 5 years

-48.77%

-57.04%

+8.27%

Max Drawdown (10Y)

Largest decline over 10 years

-48.77%

-64.68%

+15.91%

Current Drawdown

Current decline from peak

-23.83%

-32.10%

+8.27%

Average Drawdown

Average peak-to-trough decline

-16.67%

-57.59%

+40.92%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.28%

4.82%

+1.46%

Volatility

IPRP.L vs. ICLN - Volatility Comparison

The current volatility for iShares European Property Yield UCITS ETF (IPRP.L) is 4.23%, while iShares Global Clean Energy ETF (ICLN) has a volatility of 12.56%. This indicates that IPRP.L experiences smaller price fluctuations and is considered to be less risky than ICLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IPRP.LICLNDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.23%

12.56%

-8.33%

Volatility (6M)

Calculated over the trailing 6-month period

13.05%

21.31%

-8.26%

Volatility (1Y)

Calculated over the trailing 1-year period

15.28%

26.75%

-11.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.53%

25.64%

-4.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.35%

26.28%

-6.93%

IPRP.L vs. ICLN - Expense Ratio Comparison

IPRP.L has a 0.40% expense ratio, which is higher than ICLN's 0.39% expense ratio.

Dividends

IPRP.L vs. ICLN - Dividend Comparison

IPRP.L's dividend yield for the trailing twelve months is around 0.50%, less than ICLN's 1.28% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
IPRP.L
iShares European Property Yield UCITS ETF		0.50%2.83%2.79%2.62%4.20%2.11%2.68%3.07%3.24%2.81%2.49%2.59%

Frequently Asked Questions

IPRP.L and ICLN have a correlation of 0.05, 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 0.40% for IPRP.L.

IPRP.L is categorized as REIT, while ICLN is Alternative Energy Equities. IPRP.L tracks FTSE EPRA Nareit Developed Europe TR EUR, while ICLN tracks S&P Global Clean Energy Index. Their fees differ too: 0.40% for IPRP.L and 0.39% for ICLN.

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