MCO vs. ICLN
MCO (Moody's Corporation) is a stock, while ICLN (iShares Global Clean Energy ETF) is Alternative Energy Equities fund tracking the S&P Global Clean Energy Index. Over the past 10 years, MCO returned 18.14%/yr vs 11.27%/yr for ICLN. At a 0.44 correlation, their price movements are largely independent.
Performance
MCO vs. ICLN - Performance Comparison
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Returns By Period
In the year-to-date period, MCO achieves a -11.55% return, which is significantly lower than ICLN's 24.98% return. Over the past 10 years, MCO has outperformed ICLN with an annualized return of 18.14%, while ICLN has yielded a comparatively lower 11.27% annualized return.
MCO
- 1D
- 1.31%
- 1M
- 0.15%
- YTD
- -11.55%
- 6M
- -12.65%
- 1Y
- -7.25%
- 3Y*
- 10.97%
- 5Y*
- 5.21%
- 10Y*
- 18.14%
ICLN
- 1D
- -0.92%
- 1M
- -8.37%
- YTD
- 24.98%
- 6M
- 23.85%
- 1Y
- 59.68%
- 3Y*
- 6.42%
- 5Y*
- -1.04%
- 10Y*
- 11.27%
MCO vs. ICLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MCO Moody's Corporation | -11.55% | 8.74% | 22.17% | 41.52% | -27.80% | 35.57% | 23.26% | 71.26% | -4.10% | 58.53% |
ICLN iShares Global Clean Energy ETF | 24.98% | 47.05% | -25.72% | -20.41% | -5.43% | -24.18% | 141.82% | 44.36% | -9.03% | 21.47% |
Correlation
The correlation between MCO and ICLN is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2008 | 0.44 |
The correlation between MCO and ICLN shifts across timeframes, from -0.03 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MCO vs. ICLN — Risk / Return Rank
MCO
ICLN
MCO vs. ICLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Moody's Corporation (MCO) 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.
| MCO | ICLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -2.88 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.33 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 3.66 | -3.97 |
| Martin ratioReturn relative to average drawdown | -0.64 | 12.50 | -13.15 |
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Drawdowns
MCO vs. ICLN - Drawdown Comparison
The maximum MCO drawdown since its inception was -78.72%, smaller than the maximum ICLN drawdown of -87.15%. Use the drawdown chart below to compare losses from any high point for MCO and ICLN.
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Drawdown Indicators
| MCO | ICLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.72% | -87.15% | +8.43% |
Max Drawdown (1Y)Largest decline over 1 year | -23.61% | -16.38% | -7.23% |
Max Drawdown (3Y)Largest decline over 3 years | -24.65% | -43.18% | +18.53% |
Max Drawdown (5Y)Largest decline over 5 years | -41.66% | -57.16% | +15.50% |
Max Drawdown (10Y)Largest decline over 10 years | -42.02% | -66.75% | +24.73% |
Current DrawdownCurrent decline from peak | -16.27% | -44.08% | +27.81% |
Average DrawdownAverage peak-to-trough decline | -17.76% | -66.52% | +48.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.30% | 4.79% | +6.51% |
Volatility
MCO vs. ICLN - Volatility Comparison
The current volatility for Moody's Corporation (MCO) is 7.01%, while iShares Global Clean Energy ETF (ICLN) has a volatility of 13.41%. This indicates that MCO 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
| MCO | ICLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.01% | 13.41% | -6.40% |
Volatility (6M)Calculated over the trailing 6-month period | 22.35% | 23.13% | -0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.68% | 28.54% | -1.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.36% | 27.69% | -1.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.74% | 27.33% | +0.41% |
Dividends
MCO vs. ICLN - Dividend Comparison
MCO's dividend yield for the trailing twelve months is around 0.88%, less than ICLN's 0.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 0.90% | 1.63% | 1.85% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% |
MCO Moody's Corporation | 0.88% | 0.74% | 0.72% | 0.79% | 1.26% | 0.63% | 0.77% | 0.84% | 1.26% | 1.03% | 1.57% | 1.36% |
Frequently Asked Questions
MCO and ICLN have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ICLN has higher volatility (13.41%) compared to MCO (7.01%). In terms of maximum drawdown, MCO dropped -78.72% vs ICLN's -87.15%.
ICLN currently has the higher Sharpe Ratio (2.11 vs -0.27), 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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