SPGI vs. ICLN
SPGI (S&P Global Inc.) is a stock, while ICLN (iShares Global Clean Energy ETF) is Alternative Energy Equities fund tracking the S&P Global Clean Energy Index. Over the past 10 years, SPGI returned 15.47%/yr vs 11.38%/yr for ICLN. At a 0.41 correlation, their price movements are largely independent.
Performance
SPGI vs. ICLN - Performance Comparison
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Returns By Period
In the year-to-date period, SPGI achieves a -23.07% return, which is significantly lower than ICLN's 26.14% return. Over the past 10 years, SPGI has outperformed ICLN with an annualized return of 15.47%, while ICLN has yielded a comparatively lower 11.38% annualized return.
SPGI
- 1D
- -1.77%
- 1M
- -3.95%
- YTD
- -23.07%
- 6M
- -23.44%
- 1Y
- -21.58%
- 3Y*
- 1.65%
- 5Y*
- 0.29%
- 10Y*
- 15.47%
ICLN
- 1D
- -4.44%
- 1M
- -7.52%
- YTD
- 26.14%
- 6M
- 25.31%
- 1Y
- 64.46%
- 3Y*
- 6.74%
- 5Y*
- -0.79%
- 10Y*
- 11.38%
SPGI vs. ICLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPGI S&P Global Inc. | -23.07% | 5.71% | 13.94% | 32.79% | -28.38% | 44.68% | 21.40% | 62.27% | 1.37% | 59.32% |
ICLN iShares Global Clean Energy ETF | 26.14% | 47.05% | -25.72% | -20.41% | -5.43% | -24.18% | 141.82% | 44.36% | -9.03% | 21.47% |
Correlation
The correlation between SPGI and ICLN is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2008 | 0.41 |
The correlation between SPGI and ICLN shifts across timeframes, from -0.13 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPGI vs. ICLN — Risk / Return Rank
SPGI
ICLN
SPGI vs. ICLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P Global Inc. (SPGI) 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.
| SPGI | ICLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.05 | ||
| Sortino ratioReturn per unit of downside risk | -3.73 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.36 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 3.96 | -4.67 |
| Martin ratioReturn relative to average drawdown | -1.31 | 13.73 | -15.03 |
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Drawdowns
SPGI vs. ICLN - Drawdown Comparison
The maximum SPGI drawdown since its inception was -74.67%, smaller than the maximum ICLN drawdown of -87.15%. Use the drawdown chart below to compare losses from any high point for SPGI and ICLN.
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Drawdown Indicators
| SPGI | ICLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.67% | -87.15% | +12.48% |
Max Drawdown (1Y)Largest decline over 1 year | -30.48% | -16.38% | -14.10% |
Max Drawdown (3Y)Largest decline over 3 years | -30.48% | -43.18% | +12.70% |
Max Drawdown (5Y)Largest decline over 5 years | -39.76% | -57.16% | +17.40% |
Max Drawdown (10Y)Largest decline over 10 years | -39.76% | -66.75% | +26.99% |
Current DrawdownCurrent decline from peak | -28.47% | -43.56% | +15.09% |
Average DrawdownAverage peak-to-trough decline | -15.24% | -66.53% | +51.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.55% | 4.71% | +11.84% |
Volatility
SPGI vs. ICLN - Volatility Comparison
The current volatility for S&P Global Inc. (SPGI) is 8.13%, while iShares Global Clean Energy ETF (ICLN) has a volatility of 13.47%. This indicates that SPGI 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
| SPGI | ICLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.13% | 13.47% | -5.34% |
Volatility (6M)Calculated over the trailing 6-month period | 24.47% | 23.14% | +1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.00% | 28.52% | -0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.56% | 27.69% | -3.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.01% | 27.33% | -1.32% |
Dividends
SPGI vs. ICLN - Dividend Comparison
SPGI's dividend yield for the trailing twelve months is around 0.96%, more than ICLN's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 0.89% | 1.63% | 1.85% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% |
SPGI S&P Global Inc. | 0.96% | 0.73% | 0.73% | 0.82% | 0.99% | 0.65% | 0.82% | 0.84% | 1.18% | 0.97% | 1.34% | 1.34% |
Frequently Asked Questions
SPGI and ICLN have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ICLN has higher volatility (13.47%) compared to SPGI (8.13%). In terms of maximum drawdown, SPGI dropped -74.67% vs ICLN's -87.15%.
ICLN currently has the higher Sharpe Ratio (2.27 vs -0.78), 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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