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XGSD.L vs. ICLN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XGSD.L vs. ICLN

Last updated Jun 13, 2026

XGSD.L (Xtrackers Stoxx Global Select Dividend 100 Swap UCITS ETF 1D) and ICLN (iShares Global Clean Energy ETF) are both exchange-traded funds - XGSD.L is a Global Equity Income fund tracking the STOXX Global Select Dividend 100, while ICLN is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Index. Both are passively managed. Over the past 10 years, XGSD.L returned 10.39%/yr vs 12.25%/yr for ICLN. At a 0.45 correlation, their price movements are largely independent. XGSD.L charges 0.50%/yr vs 0.39%/yr for ICLN.

Performance

XGSD.L vs. ICLN - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers Stoxx Global Select Dividend 100 Swap UCITS ETF 1D (XGSD.L) and iShares Global Clean Energy ETF (ICLN). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XGSD.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, XGSD.L achieves a 13.95% return, which is significantly lower than ICLN's 27.98% return. Over the past 10 years, XGSD.L has underperformed ICLN with an annualized return of 10.39%, while ICLN has yielded a comparatively higher 12.25% annualized return.

XGSD.L

1D
1.33%
1M
2.47%
YTD
13.95%
6M
14.83%
1Y
32.98%
3Y*
19.53%
5Y*
11.28%
10Y*
10.39%

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XGSD.L vs. ICLN - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XGSD.L
Xtrackers Stoxx Global Select Dividend 100 Swap UCITS ETF 1D		13.95%25.51%9.10%2.82%4.27%14.85%-3.40%16.23%-5.61%7.01%
ICLN
iShares Global Clean Energy ETF		27.98%36.57%-24.42%-24.38%5.82%-23.46%134.72%38.87%-3.64%10.96%

Correlation

The correlation between XGSD.L and ICLN is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.32

Correlation (3Y)
Calculated over the trailing 3-year period

0.36

Correlation (5Y)
Calculated over the trailing 5-year period

0.33

Correlation (10Y)
Calculated over the trailing 10-year period

0.40

Correlation (All Time)
Calculated using the full available price history since Jun 25, 2008

0.45

The correlation between XGSD.L and ICLN shifts across timeframes, from 0.32 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.

XGSD.L vs. ICLN - Sectors Allocation Comparison

Sectors
XGSD.L
ICLN

Financial Services

40.7%

-

Energy

9.2%
26.4%

Industrials

9.0%
27.8%

Consumer Cyclical

8.6%
0.1%

Real Estate

7.2%

-

Utilities

6.8%
32.8%

Consumer Defensive

6.1%

-

Basic Materials

5.8%
1.1%

Communication Services

3.2%

-

Healthcare

1.9%

-

Technology

1.7%
11.1%

Financial Services

XGSD.L
40.7%
ICLN

-

Energy

XGSD.L
9.2%
ICLN
26.4%

Industrials

XGSD.L
9.0%
ICLN
27.8%

Consumer Cyclical

XGSD.L
8.6%
ICLN
0.1%

Real Estate

XGSD.L
7.2%
ICLN

-

Utilities

XGSD.L
6.8%
ICLN
32.8%

Consumer Defensive

XGSD.L
6.1%
ICLN

-

Basic Materials

XGSD.L
5.8%
ICLN
1.1%

Communication Services

XGSD.L
3.2%
ICLN

-

Healthcare

XGSD.L
1.9%
ICLN

-

Technology

XGSD.L
1.7%
ICLN
11.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Xtrackers Stoxx Global Select Dividend 100 Swap UCITS ETF 1D

iShares Global Clean Energy ETF

Often compared with XGSD.L:
XGSD.L vs. GBDV.LXGSD.L vs. VTXGSD.L vs. VGWL.DEXGSD.L vs. XCX5.LXGSD.L vs. EXUS.LXGSD.L vs. XMME.LXGSD.L vs. TDIV.AS
Often compared with ICLN:
ICLN vs. TANICLN vs. QCLNICLN vs. GRIDICLN vs. INRG.LICLN vs. PBWICLN vs. CNRGICLN vs. LIT

Return for Risk

XGSD.L vs. ICLN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XGSD.L
XGSD.L Risk / Return Rank: 9696
Overall Rank
XGSD.L Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
XGSD.L Sortino Ratio Rank: 9696
Sortino Ratio Rank
XGSD.L Omega Ratio Rank: 9696
Omega Ratio Rank
XGSD.L Calmar Ratio Rank: 9595
Calmar Ratio Rank
XGSD.L Martin Ratio Rank: 9595
Martin Ratio Rank
ICLN
ICLN Risk / Return Rank: 7575
Overall Rank
ICLN Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
ICLN Sortino Ratio Rank: 7070
Sortino Ratio Rank
ICLN Omega Ratio Rank: 6767
Omega Ratio Rank
ICLN Calmar Ratio Rank: 8181
Calmar Ratio Rank
ICLN Martin Ratio Rank: 8181
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XGSD.L vs. ICLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Stoxx Global Select Dividend 100 Swap UCITS ETF 1D (XGSD.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.

XGSD.LICLNDifference
Sharpe ratioReturn per unit of total volatility
3.81
2.38

+1.43

Sortino ratioReturn per unit of downside risk
5.31
2.99

+2.32

Omega ratioGain probability vs. loss probability

1.71

1.38

+0.33

Calmar ratioReturn relative to maximum drawdown

6.89

4.03

+2.86

Martin ratioReturn relative to average drawdown

25.72

13.19

+12.53

XGSD.L vs. ICLN - Sharpe Ratio Comparison

The current XGSD.L Sharpe Ratio is 3.81, which is higher than the ICLN Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of XGSD.L and ICLN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

XGSD.L vs. ICLN - Drawdown Comparison

The maximum XGSD.L drawdown since its inception was -63.91%, smaller than the maximum ICLN drawdown of -84.40%. Use the drawdown chart below to compare losses from any high point for XGSD.L and ICLN.

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Drawdown Indicators

XGSD.LICLNDifference

Max Drawdown

Largest peak-to-trough decline

-63.91%

-84.40%

+20.49%

Max Drawdown (1Y)

Largest decline over 1 year

-4.76%

-15.79%

+11.03%

Max Drawdown (3Y)

Largest decline over 3 years

-11.54%

-42.62%

+31.08%

Max Drawdown (5Y)

Largest decline over 5 years

-15.37%

-57.04%

+41.67%

Max Drawdown (10Y)

Largest decline over 10 years

-31.91%

-64.68%

+32.77%

Current Drawdown

Current decline from peak

0.00%

-32.10%

+32.10%

Average Drawdown

Average peak-to-trough decline

-12.21%

-57.59%

+45.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.28%

4.82%

-3.54%

Volatility

XGSD.L vs. ICLN - Volatility Comparison

The current volatility for Xtrackers Stoxx Global Select Dividend 100 Swap UCITS ETF 1D (XGSD.L) is 2.48%, while iShares Global Clean Energy ETF (ICLN) has a volatility of 12.56%. This indicates that XGSD.L 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

XGSD.LICLNDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.48%

12.56%

-10.08%

Volatility (6M)

Calculated over the trailing 6-month period

6.53%

21.31%

-14.78%

Volatility (1Y)

Calculated over the trailing 1-year period

8.62%

26.75%

-18.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.41%

25.64%

-14.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.99%

26.28%

-12.29%

XGSD.L vs. ICLN - Expense Ratio Comparison

XGSD.L has a 0.50% expense ratio, which is higher than ICLN's 0.39% expense ratio.

Dividends

XGSD.L vs. ICLN - Dividend Comparison

XGSD.L's dividend yield for the trailing twelve months is around 4.11%, more than ICLN's 1.28% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
XGSD.L
Xtrackers Stoxx Global Select Dividend 100 Swap UCITS ETF 1D		4.11%4.60%6.38%7.51%8.71%4.76%5.34%4.30%4.68%3.56%2.74%2.11%

Frequently Asked Questions

XGSD.L and ICLN have a correlation of 0.32, 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 XGSD.L.

XGSD.L is categorized as Global Equity Income, while ICLN is Alternative Energy Equities. XGSD.L tracks STOXX Global Select Dividend 100, while ICLN tracks S&P Global Clean Energy Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.50% for XGSD.L and 0.39% for ICLN.

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