NRJL.L vs. ICLN

Last updated Apr 2, 2026

Compare and contrast key facts about Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.L) and iShares Global Clean Energy ETF (ICLN).

NRJL.L and ICLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NRJL.L is a passively managed fund by Amundi that tracks the performance of the S&P Global Clean Energy TR USD. It was launched on Oct 10, 2007. ICLN is a passively managed fund by iShares that tracks the performance of the S&P Global Clean Energy Index. It was launched on Jun 24, 2008. Both NRJL.L and ICLN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

NRJL.L vs. ICLN - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.L) and iShares Global Clean Energy ETF (ICLN). The values are adjusted to include any dividend payments, if applicable.

NRJL.L vs. ICLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
NRJL.L Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist	18.52%	130.90%	-11.57%	-22.89%	20.78%	36.43%	19.52%
ICLN iShares Global Clean Energy ETF	12.91%	36.57%	-24.42%	-24.38%	5.82%	-23.46%	38.97%

Different Trading Currencies

NRJL.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, NRJL.L achieves a 18.52% return, which is significantly higher than ICLN's 12.91% return.

NRJL.L

• 1D: 3.32%
• 1M: -2.64%
• YTD: 18.52%
• 6M: 119.89%
• 1Y: 191.91%
• 3Y*: 22.86%
• 5Y*: 26.22%
• 10Y*: —

ICLN

• 1D: -0.45%
• 1M: 0.69%
• YTD: 12.91%
• 6M: 17.77%
• 1Y: 57.71%
• 3Y*: -3.38%
• 5Y*: -3.34%
• 10Y*: 9.72%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NRJL.L vs. ICLN - Expense Ratio Comparison

NRJL.L has a 0.60% expense ratio, which is higher than ICLN's 0.46% expense ratio.

NRJL.L

Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist

ICLN

iShares Global Clean Energy ETF

Return for Risk

NRJL.L vs. ICLN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NRJL.L

NRJL.L Risk / Return Rank: 98
NRJL.L Sharpe Ratio Rank: 96
NRJL.L Sortino Ratio Rank: 99
NRJL.L Omega Ratio Rank: 99
NRJL.L Calmar Ratio Rank: 99
NRJL.L Martin Ratio Rank: 99

ICLN

ICLN Risk / Return Rank: 94
ICLN Sharpe Ratio Rank: 94
ICLN Sortino Ratio Rank: 94
ICLN Omega Ratio Rank: 89
ICLN Calmar Ratio Rank: 98
ICLN Martin Ratio Rank: 95

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.

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

This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.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.

	NRJL.L	ICLN	Difference
Sharpe ratio Return per unit of total volatility	2.66	2.36	+0.30
Sortino ratio Return per unit of downside risk	9.62	3.09	+6.53
Omega ratio Gain probability vs. loss probability	2.40	1.38	+1.02
Calmar ratio Return relative to maximum drawdown	22.34	4.48	+17.86
Martin ratio Return relative to average drawdown	77.72	12.92	+64.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NRJL.L vs. ICLN - Sharpe Ratio Comparison

The current NRJL.L Sharpe Ratio is 2.66, which is comparable to the ICLN Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of NRJL.L and ICLN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NRJL.L	ICLN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.66	2.36	+0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	-0.13	+0.71
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	-0.05	+0.67

Correlation

The correlation between NRJL.L and ICLN is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

NRJL.L vs. ICLN - Dividend Comparison

NRJL.L's dividend yield for the trailing twelve months is around 35.50%, more than ICLN's 1.47% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NRJL.L Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist	35.50%	42.07%	0.73%	0.77%	23.99%	31.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ICLN iShares Global Clean Energy ETF	1.47%	1.63%	1.85%	1.59%	0.89%	1.18%	0.34%	1.36%	2.77%	2.49%	3.88%	2.36%

Drawdowns

NRJL.L vs. ICLN - Drawdown Comparison

The maximum NRJL.L drawdown since its inception was -51.06%, smaller than the maximum ICLN drawdown of -84.40%. Use the drawdown chart below to compare losses from any high point for NRJL.L and ICLN.

Drawdown Indicators

	NRJL.L	ICLN	Difference
Max Drawdown Largest peak-to-trough decline	-51.06%	-87.15%	+36.09%
Max Drawdown (1Y) Largest decline over 1 year	-9.66%	-11.22%	+1.56%
Max Drawdown (5Y) Largest decline over 5 years	-51.06%	-57.16%	+6.10%
Max Drawdown (10Y) Largest decline over 10 years	—	-66.75%	—
Current Drawdown Current decline from peak	-3.97%	-50.31%	+46.34%
Average Drawdown Average peak-to-trough decline	-22.78%	-66.84%	+44.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	4.01%	-1.56%

Volatility

NRJL.L vs. ICLN - Volatility Comparison

The current volatility for Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.L) is 7.46%, while iShares Global Clean Energy ETF (ICLN) has a volatility of 9.37%. This indicates that NRJL.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.

Volatility by Period

	NRJL.L	ICLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.46%	9.37%	-1.91%
Volatility (6M) Calculated over the trailing 6-month period	54.75%	19.79%	+34.96%
Volatility (1Y) Calculated over the trailing 1-year period	71.73%	24.60%	+47.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.49%	25.32%	+20.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.32%	26.03%	+18.29%