VVMX.DE vs. ICLN
VVMX.DE (VanEck Rare Earth and Strategic Metals UCITS ETF A) and ICLN (iShares Global Clean Energy ETF) are both exchange-traded funds - VVMX.DE is a Commodity Producers Equities fund tracking the MVIS Global Rare Earth/Strategic Metals, while ICLN is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Index. Both are passively managed. Over the past 3 years, VVMX.DE returned 3.35%/yr vs 2.84%/yr for ICLN. At a 0.35 correlation, their price movements are largely independent. VVMX.DE charges 0.59%/yr vs 0.39%/yr for ICLN.
Performance
VVMX.DE vs. ICLN - Performance Comparison
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Different Trading Currencies
VVMX.DE is traded in EUR, while ICLN is traded in USD. To make them comparable, the ICLN values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with VVMX.DE having a 30.24% return and ICLN slightly lower at 29.29%.
VVMX.DE
- 1D
- -1.82%
- 1M
- -9.18%
- YTD
- 30.24%
- 6M
- 37.51%
- 1Y
- 146.32%
- 3Y*
- 3.35%
- 5Y*
- —
- 10Y*
- —
ICLN
- 1D
- 0.95%
- 1M
- -3.18%
- YTD
- 29.29%
- 6M
- 28.89%
- 1Y
- 61.09%
- 3Y*
- 2.84%
- 5Y*
- 0.70%
- 10Y*
- 11.32%
VVMX.DE vs. ICLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VVMX.DE VanEck Rare Earth and Strategic Metals UCITS ETF A | 30.24% | 68.45% | -30.81% | -21.17% | -26.46% | 16.96% |
ICLN iShares Global Clean Energy ETF | 29.29% | 29.60% | -20.81% | -22.79% | 0.43% | -0.25% |
Correlation
The correlation between VVMX.DE and ICLN is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021 | 0.35 |
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Return for Risk
VVMX.DE vs. ICLN — Risk / Return Rank
VVMX.DE
ICLN
VVMX.DE vs. ICLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Rare Earth and Strategic Metals UCITS ETF A (VVMX.DE) 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.
| VVMX.DE | ICLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.36 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 7.59 | 3.91 | +3.68 |
| Martin ratioReturn relative to average drawdown | 19.66 | 13.46 | +6.20 |
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Drawdowns
VVMX.DE vs. ICLN - Drawdown Comparison
The maximum VVMX.DE drawdown since its inception was -73.26%, smaller than the maximum ICLN drawdown of -84.40%. Use the drawdown chart below to compare losses from any high point for VVMX.DE and ICLN.
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Drawdown Indicators
| VVMX.DE | ICLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.26% | -84.40% | +11.14% |
Max Drawdown (1Y)Largest decline over 1 year | -20.40% | -15.69% | -4.71% |
Max Drawdown (3Y)Largest decline over 3 years | -61.55% | -42.73% | -18.82% |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.06% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.76% | — |
Current DrawdownCurrent decline from peak | -25.51% | -28.84% | +3.33% |
Average DrawdownAverage peak-to-trough decline | -41.19% | -57.98% | +16.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.89% | 4.55% | +3.34% |
Volatility
VVMX.DE vs. ICLN - Volatility Comparison
VanEck Rare Earth and Strategic Metals UCITS ETF A (VVMX.DE) and iShares Global Clean Energy ETF (ICLN) have volatilities of 12.59% and 12.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VVMX.DE | ICLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.59% | 12.22% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 32.22% | 21.55% | +10.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.13% | 27.08% | +19.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.36% | 26.01% | +10.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.36% | 26.55% | +9.81% |
VVMX.DE vs. ICLN - Expense Ratio Comparison
VVMX.DE has a 0.59% expense ratio, which is higher than ICLN's 0.39% expense ratio.
Dividends
VVMX.DE vs. ICLN - Dividend Comparison
VVMX.DE has not paid dividends to shareholders, while ICLN's dividend yield for the trailing twelve months is around 1.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 1.28% | 1.63% | 1.85% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% |
VVMX.DE VanEck Rare Earth and Strategic Metals UCITS ETF A | 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
VVMX.DE and ICLN have a correlation of 0.34, 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 0.59% for VVMX.DE.
VVMX.DE is categorized as Commodity Producers Equities, while ICLN is Alternative Energy Equities. VVMX.DE tracks MVIS Global Rare Earth/Strategic Metals, while ICLN tracks S&P Global Clean Energy Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.59% for VVMX.DE and 0.39% for ICLN.
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