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SMOG vs. ICLN
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SMOG 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.


-0.50.00.51.0
Correlation: 0.6

Performance

SMOG vs. ICLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Low Carbon Energy ETF (SMOG) and iShares Global Clean Energy ETF (ICLN). The values are adjusted to include any dividend payments, if applicable.

-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%NovemberDecember2025FebruaryMarchApril
-25.53%
-68.32%
SMOG
ICLN

Key characteristics

Sharpe Ratio

SMOG:

0.52

ICLN:

-0.39

Sortino Ratio

SMOG:

0.88

ICLN:

-0.40

Omega Ratio

SMOG:

1.11

ICLN:

0.95

Calmar Ratio

SMOG:

0.24

ICLN:

-0.13

Martin Ratio

SMOG:

1.62

ICLN:

-0.58

Ulcer Index

SMOG:

7.71%

ICLN:

15.78%

Daily Std Dev

SMOG:

24.10%

ICLN:

23.33%

Max Drawdown

SMOG:

-84.39%

ICLN:

-87.15%

Current Drawdown

SMOG:

-43.33%

ICLN:

-68.32%

Returns By Period

In the year-to-date period, SMOG achieves a 4.58% return, which is significantly higher than ICLN's 4.13% return. Over the past 10 years, SMOG has outperformed ICLN with an annualized return of 6.18%, while ICLN has yielded a comparatively lower 0.89% annualized return.


SMOG

YTD

4.58%

1M

1.29%

6M

-1.43%

1Y

12.56%

5Y*

10.45%

10Y*

6.18%

ICLN

YTD

4.13%

1M

2.78%

6M

-9.08%

1Y

-7.92%

5Y*

4.25%

10Y*

0.89%

*Annualized

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SMOG vs. ICLN - Expense Ratio Comparison

SMOG has a 0.63% expense ratio, which is higher than ICLN's 0.46% expense ratio.


Expense ratio chart for SMOG: current value is 0.63%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SMOG: 0.63%
Expense ratio chart for ICLN: current value is 0.46%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
ICLN: 0.46%

Risk-Adjusted Performance

SMOG vs. ICLN — Risk-Adjusted Performance Rank

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

SMOG
The Risk-Adjusted Performance Rank of SMOG is 5353
Overall Rank
The Sharpe Ratio Rank of SMOG is 5858
Sharpe Ratio Rank
The Sortino Ratio Rank of SMOG is 6060
Sortino Ratio Rank
The Omega Ratio Rank of SMOG is 5454
Omega Ratio Rank
The Calmar Ratio Rank of SMOG is 4141
Calmar Ratio Rank
The Martin Ratio Rank of SMOG is 5353
Martin Ratio Rank

ICLN
The Risk-Adjusted Performance Rank of ICLN is 88
Overall Rank
The Sharpe Ratio Rank of ICLN is 66
Sharpe Ratio Rank
The Sortino Ratio Rank of ICLN is 66
Sortino Ratio Rank
The Omega Ratio Rank of ICLN is 77
Omega Ratio Rank
The Calmar Ratio Rank of ICLN is 1111
Calmar Ratio Rank
The Martin Ratio Rank of ICLN is 1010
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SMOG vs. ICLN - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Low Carbon Energy ETF (SMOG) 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.


The chart of Sharpe ratio for SMOG, currently valued at 0.52, compared to the broader market-1.000.001.002.003.004.00
SMOG: 0.52
ICLN: -0.39
The chart of Sortino ratio for SMOG, currently valued at 0.88, compared to the broader market-2.000.002.004.006.008.00
SMOG: 0.88
ICLN: -0.40
The chart of Omega ratio for SMOG, currently valued at 1.11, compared to the broader market0.501.001.502.002.50
SMOG: 1.11
ICLN: 0.95
The chart of Calmar ratio for SMOG, currently valued at 0.24, compared to the broader market0.002.004.006.008.0010.0012.00
SMOG: 0.24
ICLN: -0.13
The chart of Martin ratio for SMOG, currently valued at 1.62, compared to the broader market0.0020.0040.0060.00
SMOG: 1.62
ICLN: -0.58

The current SMOG Sharpe Ratio is 0.52, which is higher than the ICLN Sharpe Ratio of -0.39. The chart below compares the historical Sharpe Ratios of SMOG 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.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.50NovemberDecember2025FebruaryMarchApril
0.52
-0.39
SMOG
ICLN

Dividends

SMOG vs. ICLN - Dividend Comparison

SMOG's dividend yield for the trailing twelve months is around 1.57%, less than ICLN's 1.77% yield.


TTM20242023202220212020201920182017201620152014
SMOG
VanEck Vectors Low Carbon Energy ETF
1.57%1.64%1.58%1.32%0.44%0.06%0.00%0.62%1.25%2.12%0.56%0.21%
ICLN
iShares Global Clean Energy ETF
1.77%1.85%1.59%0.89%1.18%0.34%1.36%2.77%2.49%3.88%2.36%2.83%

Drawdowns

SMOG vs. ICLN - Drawdown Comparison

The maximum SMOG drawdown since its inception was -84.39%, roughly equal to the maximum ICLN drawdown of -87.15%. Use the drawdown chart below to compare losses from any high point for SMOG and ICLN. For additional features, visit the drawdowns tool.


-75.00%-70.00%-65.00%-60.00%-55.00%-50.00%-45.00%-40.00%NovemberDecember2025FebruaryMarchApril
-43.33%
-68.32%
SMOG
ICLN

Volatility

SMOG vs. ICLN - Volatility Comparison

VanEck Vectors Low Carbon Energy ETF (SMOG) has a higher volatility of 13.62% compared to iShares Global Clean Energy ETF (ICLN) at 10.21%. This indicates that SMOG's price experiences larger fluctuations and is considered to be riskier than ICLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%14.00%NovemberDecember2025FebruaryMarchApril
13.62%
10.21%
SMOG
ICLN