PBD vs. ICLN
Compare and contrast key facts about Invesco Global Clean Energy ETF (PBD) and iShares Global Clean Energy ETF (ICLN).
PBD and ICLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PBD is a passively managed fund by Invesco that tracks the performance of the WilderHill New Energy Global Innovation index. It was launched on Jun 13, 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 PBD 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PBD or ICLN.
Key characteristics
| PBD | ICLN | |
|---|---|---|
| YTD Return | -25.40% | -22.36% |
| 1Y Return | -11.96% | -6.34% |
| 3Y Return (Ann) | -27.06% | -20.91% |
| 5Y Return (Ann) | -0.09% | 3.49% |
| 10Y Return (Ann) | 1.45% | 3.73% |
| Sharpe Ratio | -0.45 | -0.24 |
| Sortino Ratio | -0.50 | -0.18 |
| Omega Ratio | 0.94 | 0.98 |
| Calmar Ratio | -0.17 | -0.09 |
| Martin Ratio | -0.84 | -0.59 |
| Ulcer Index | 14.14% | 10.73% |
| Daily Std Dev | 26.10% | 25.94% |
| Max Drawdown | -78.60% | -87.16% |
| Current Drawdown | -68.93% | -68.23% |
Correlation
The correlation between PBD and ICLN is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PBD vs. ICLN - Performance Comparison
In the year-to-date period, PBD achieves a -25.40% return, which is significantly lower than ICLN's -22.36% return. Over the past 10 years, PBD has underperformed ICLN with an annualized return of 1.45%, while ICLN has yielded a comparatively higher 3.73% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PBD vs. ICLN - Expense Ratio Comparison
PBD has a 0.75% expense ratio, which is higher than ICLN's 0.46% expense ratio.
Risk-Adjusted Performance
PBD vs. ICLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Clean Energy ETF (PBD) 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.
Dividends
PBD vs. ICLN - Dividend Comparison
PBD's dividend yield for the trailing twelve months is around 3.06%, more than ICLN's 1.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBD Invesco Global Clean Energy ETF | 3.06% | 2.86% | 2.98% | 0.67% | 0.48% | 1.83% | 1.87% | 1.77% | 2.05% | 1.24% | 1.05% | 0.88% |
ICLN iShares Global Clean Energy ETF | 1.82% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% | 2.83% | 2.11% |
Drawdowns
PBD vs. ICLN - Drawdown Comparison
The maximum PBD drawdown since its inception was -78.60%, smaller than the maximum ICLN drawdown of -87.16%. Use the drawdown chart below to compare losses from any high point for PBD and ICLN. For additional features, visit the drawdowns tool.
Volatility
PBD vs. ICLN - Volatility Comparison
Invesco Global Clean Energy ETF (PBD) and iShares Global Clean Energy ETF (ICLN) have volatilities of 9.40% and 9.40%, 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.