PSILX vs. ICLN
PSILX (T. Rowe Price Spectrum International Equity Fund) and ICLN (iShares Global Clean Energy ETF) are both funds - PSILX is a Foreign Large Cap Equities fund managed by T. Rowe Price, while ICLN is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Index. Over the past 10 years, PSILX returned 8.88%/yr vs 11.52%/yr for ICLN. A 0.69 correlation means they provide meaningful diversification when combined. PSILX charges 0.89%/yr vs 0.39%/yr for ICLN.
Performance
PSILX vs. ICLN - Performance Comparison
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Returns By Period
In the year-to-date period, PSILX achieves a 12.26% return, which is significantly lower than ICLN's 28.34% return. Over the past 10 years, PSILX has underperformed ICLN with an annualized return of 8.88%, while ICLN has yielded a comparatively higher 11.52% annualized return.
PSILX
- 1D
- 0.46%
- 1M
- 3.76%
- YTD
- 12.26%
- 6M
- 14.02%
- 1Y
- 27.05%
- 3Y*
- 16.34%
- 5Y*
- 6.27%
- 10Y*
- 8.88%
ICLN
- 1D
- 0.80%
- 1M
- -3.23%
- YTD
- 28.34%
- 6M
- 28.17%
- 1Y
- 61.48%
- 3Y*
- 5.46%
- 5Y*
- -0.17%
- 10Y*
- 11.52%
PSILX vs. ICLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSILX T. Rowe Price Spectrum International Equity Fund | 12.26% | 30.30% | 4.28% | 13.83% | -18.04% | 5.00% | 13.94% | 25.00% | -14.83% | 26.79% |
ICLN iShares Global Clean Energy ETF | 28.34% | 47.05% | -25.72% | -20.41% | -5.43% | -24.18% | 141.82% | 44.36% | -9.03% | 21.47% |
Correlation
The correlation between PSILX and ICLN is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2008 | 0.69 |
The correlation between PSILX and ICLN shifts across timeframes, from 0.56 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PSILX vs. ICLN — Risk / Return Rank
PSILX
ICLN
PSILX vs. ICLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Spectrum International Equity Fund (PSILX) 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.
| PSILX | ICLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.35 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 3.77 | -1.73 |
| Martin ratioReturn relative to average drawdown | 7.72 | 13.82 | -6.10 |
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Drawdowns
PSILX vs. ICLN - Drawdown Comparison
The maximum PSILX drawdown since its inception was -61.38%, smaller than the maximum ICLN drawdown of -87.15%. Use the drawdown chart below to compare losses from any high point for PSILX and ICLN.
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Drawdown Indicators
| PSILX | ICLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.38% | -87.15% | +25.77% |
Max Drawdown (1Y)Largest decline over 1 year | -12.72% | -16.38% | +3.66% |
Max Drawdown (3Y)Largest decline over 3 years | -13.70% | -43.18% | +29.48% |
Max Drawdown (5Y)Largest decline over 5 years | -33.13% | -57.16% | +24.03% |
Max Drawdown (10Y)Largest decline over 10 years | -33.33% | -66.75% | +33.42% |
Current DrawdownCurrent decline from peak | -1.66% | -42.58% | +40.92% |
Average DrawdownAverage peak-to-trough decline | -14.05% | -66.55% | +52.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 4.46% | -1.14% |
Volatility
PSILX vs. ICLN - Volatility Comparison
The current volatility for T. Rowe Price Spectrum International Equity Fund (PSILX) is 6.70%, while iShares Global Clean Energy ETF (ICLN) has a volatility of 12.94%. This indicates that PSILX 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
| PSILX | ICLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.70% | 12.94% | -6.24% |
Volatility (6M)Calculated over the trailing 6-month period | 14.03% | 22.57% | -8.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.33% | 28.28% | -11.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.94% | 27.55% | -11.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.28% | 27.33% | -11.05% |
PSILX vs. ICLN - Expense Ratio Comparison
PSILX has a 0.89% expense ratio, which is higher than ICLN's 0.39% expense ratio.
Dividends
PSILX vs. ICLN - Dividend Comparison
PSILX's dividend yield for the trailing twelve months is around 4.83%, more than ICLN's 1.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 1.54% | 1.63% | 1.85% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% |
PSILX T. Rowe Price Spectrum International Equity Fund | 4.83% | 5.42% | 2.04% | 1.88% | 6.67% | 3.49% | 0.88% | 3.49% | 6.69% | 0.58% | 0.17% | 0.08% |
Frequently Asked Questions
PSILX and ICLN have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ICLN has higher volatility (12.94%) compared to PSILX (6.70%). In terms of maximum drawdown, PSILX dropped -61.38% vs ICLN's -87.15%.
ICLN currently has the higher Sharpe Ratio (2.19 vs 1.59), 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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