WREE.L vs. ICLN
WREE.L (WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc) and ICLN (iShares Global Clean Energy ETF) are both exchange-traded funds - WREE.L is a Commodity Producers Equities fund tracking the WisdomTree Strategic Metals and Rare Earths Miners Index, while ICLN is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Index. Both are passively managed. Over the past year, WREE.L returned 89.23% vs 63.36% for ICLN. At a 0.36 correlation, their price movements are largely independent. WREE.L charges 0.50%/yr vs 0.39%/yr for ICLN.
Performance
WREE.L vs. ICLN - Performance Comparison
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Different Trading Currencies
WREE.L is traded in GBp, while ICLN is traded in USD. To make them comparable, the ICLN values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, WREE.L achieves a 7.84% return, which is significantly lower than ICLN's 27.98% return.
WREE.L
- 1D
- 0.00%
- 1M
- -17.91%
- YTD
- 7.84%
- 6M
- 16.54%
- 1Y
- 89.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ICLN
- 1D
- 0.96%
- 1M
- -3.55%
- YTD
- 27.98%
- 6M
- 26.69%
- 1Y
- 63.36%
- 3Y*
- 3.13%
- 5Y*
- 0.82%
- 10Y*
- 12.25%
WREE.L vs. ICLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WREE.L WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc | 7.84% | 100.33% | 7,349.36% |
ICLN iShares Global Clean Energy ETF | 27.98% | 36.57% | -12.18% |
Correlation
The correlation between WREE.L and ICLN is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2024 | 0.36 |
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Return for Risk
WREE.L vs. ICLN — Risk / Return Rank
WREE.L
ICLN
WREE.L vs. ICLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc (WREE.L) 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.
| WREE.L | ICLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.38 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.32 | 4.03 | -0.71 |
| Martin ratioReturn relative to average drawdown | 7.72 | 13.19 | -5.47 |
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Drawdowns
WREE.L vs. ICLN - Drawdown Comparison
The maximum WREE.L drawdown since its inception was -27.50%, smaller than the maximum ICLN drawdown of -84.40%. Use the drawdown chart below to compare losses from any high point for WREE.L and ICLN.
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Drawdown Indicators
| WREE.L | ICLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.50% | -84.40% | +56.90% |
Max Drawdown (1Y)Largest decline over 1 year | -26.87% | -15.79% | -11.08% |
Max Drawdown (3Y)Largest decline over 3 years | — | -42.62% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.04% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.68% | — |
Current DrawdownCurrent decline from peak | -19.29% | -32.10% | +12.81% |
Average DrawdownAverage peak-to-trough decline | -10.25% | -57.59% | +47.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.56% | 4.82% | +6.74% |
Volatility
WREE.L vs. ICLN - Volatility Comparison
WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc (WREE.L) and iShares Global Clean Energy ETF (ICLN) have volatilities of 12.90% and 12.56%, 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
| WREE.L | ICLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.90% | 12.56% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 30.74% | 21.31% | +9.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.33% | 26.75% | +29.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5,411.89% | 25.64% | +5,386.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5,411.89% | 26.28% | +5,385.61% |
WREE.L vs. ICLN - Expense Ratio Comparison
WREE.L has a 0.50% expense ratio, which is higher than ICLN's 0.39% expense ratio.
Dividends
WREE.L vs. ICLN - Dividend Comparison
WREE.L 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% |
WREE.L WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc | 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
WREE.L and ICLN have a correlation of 0.39, 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 0.50% for WREE.L.
WREE.L is categorized as Commodity Producers Equities, while ICLN is Alternative Energy Equities. WREE.L tracks WisdomTree Strategic Metals and Rare Earths Miners Index, while ICLN tracks S&P Global Clean Energy Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.50% for WREE.L and 0.39% for ICLN.
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