SPOG vs. ICLN
SPOG (Leverage Shares 2X Long SPOT Daily ETF) and ICLN (iShares Global Clean Energy ETF) are both exchange-traded funds - SPOG is a Leveraged Equities fund actively managed by Leverage Shares, while ICLN is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Index. SPOG is actively managed, while ICLN is passively managed. At a correlation of -0.06, they often move in opposite directions. SPOG charges 0.75%/yr vs 0.39%/yr for ICLN.
Performance
SPOG vs. ICLN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPOG achieves a -49.59% return, which is significantly lower than ICLN's 26.14% return.
SPOG
- 1D
- -1.65%
- 1M
- -24.63%
- YTD
- -49.59%
- 6M
- -49.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
SPOG vs. ICLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPOG Leverage Shares 2X Long SPOT Daily ETF | -49.59% | -18.73% |
ICLN iShares Global Clean Energy ETF | 26.14% | -2.71% |
Correlation
The correlation between SPOG and ICLN is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | -0.06 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPOG vs. ICLN — Risk / Return Rank
SPOG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ICLN
SPOG vs. ICLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long SPOT Daily ETF (SPOG) 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.
| SPOG | ICLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.36 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.96 | — |
| Martin ratioReturn relative to average drawdown | — | 13.73 | — |
Loading charts...
Drawdowns
SPOG vs. ICLN - Drawdown Comparison
The maximum SPOG drawdown since its inception was -64.41%, smaller than the maximum ICLN drawdown of -87.15%. Use the drawdown chart below to compare losses from any high point for SPOG and ICLN.
Loading charts...
Drawdown Indicators
| SPOG | ICLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.41% | -87.15% | +22.74% |
Max Drawdown (1Y)Largest decline over 1 year | — | -16.38% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -43.18% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.16% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.75% | — |
Current DrawdownCurrent decline from peak | -59.44% | -43.56% | -15.88% |
Average DrawdownAverage peak-to-trough decline | -41.38% | -66.53% | +25.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.71% | — |
Volatility
SPOG vs. ICLN - Volatility Comparison
Loading charts...
Volatility by Period
| SPOG | ICLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 13.47% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 23.14% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 100.37% | 28.52% | +71.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 100.37% | 27.69% | +72.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 100.37% | 27.33% | +73.04% |
SPOG vs. ICLN - Expense Ratio Comparison
SPOG has a 0.75% expense ratio, which is higher than ICLN's 0.39% expense ratio.
Dividends
SPOG vs. ICLN - Dividend Comparison
SPOG has not paid dividends to shareholders, while ICLN's dividend yield for the trailing twelve months is around 0.89%.
| 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% |
SPOG Leverage Shares 2X Long SPOT Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPOG and ICLN have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICLN is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICLN is cheaper with a 0.39% expense ratio, compared with 0.75% for SPOG.
ICLN has the higher dividend yield at 0.89%, compared with 0.00% for SPOG.
SPOG is categorized as Leveraged Equities, while ICLN is Alternative Energy Equities. They also come from different issuers: Leverage Shares and iShares. Their fees differ too: 0.75% for SPOG and 0.39% for ICLN.
Find the right allocation for SPOG and ICLN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer