SMOG vs. ICLN
Compare and contrast key facts about VanEck Vectors Low Carbon Energy ETF (SMOG) and iShares Global Clean Energy ETF (ICLN).
SMOG and ICLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMOG is a passively managed fund by VanEck that tracks the performance of the Ardour Global Index. It was launched on May 3, 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 SMOG 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: SMOG or ICLN.
Key characteristics
| SMOG | ICLN | |
|---|---|---|
| YTD Return | -6.60% | -8.22% |
| 1Y Return | -9.40% | -23.03% |
| 3Y Return (Ann) | -8.68% | -11.87% |
| 5Y Return (Ann) | 11.72% | 8.88% |
| 10Y Return (Ann) | 6.83% | 5.17% |
| Sharpe Ratio | -0.49 | -0.97 |
| Daily Std Dev | 22.10% | 25.32% |
| Max Drawdown | -84.39% | -87.16% |
| Current Drawdown | -44.18% | -62.44% |
Correlation
The correlation between SMOG 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
SMOG vs. ICLN - Performance Comparison
In the year-to-date period, SMOG achieves a -6.60% return, which is significantly higher than ICLN's -8.22% return. Over the past 10 years, SMOG has outperformed ICLN with an annualized return of 6.83%, while ICLN has yielded a comparatively lower 5.17% 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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SMOG vs. ICLN - Expense Ratio Comparison
SMOG has a 0.63% expense ratio, which is higher than ICLN's 0.46% expense ratio.
Risk-Adjusted Performance
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.
Dividends
SMOG vs. ICLN - Dividend Comparison
SMOG's dividend yield for the trailing twelve months is around 1.70%, less than ICLN's 1.73% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMOG VanEck Vectors Low Carbon Energy ETF | 1.70% | 1.58% | 1.32% | 0.44% | 0.06% | 0.00% | 0.62% | 1.25% | 2.12% | 0.56% | 0.21% | 0.99% |
ICLN iShares Global Clean Energy ETF | 1.73% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% | 2.82% | 2.10% |
Drawdowns
SMOG vs. ICLN - Drawdown Comparison
The maximum SMOG drawdown since its inception was -84.39%, roughly equal to the maximum ICLN drawdown of -87.16%. Use the drawdown chart below to compare losses from any high point for SMOG and ICLN. For additional features, visit the drawdowns tool.
Volatility
SMOG vs. ICLN - Volatility Comparison
VanEck Vectors Low Carbon Energy ETF (SMOG) has a higher volatility of 5.15% compared to iShares Global Clean Energy ETF (ICLN) at 4.85%. 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.