ICLN
iShares Global Clean Energy ETF
iShares S&P Global Clean Energy Index Fund is an exchange-traded fund incorporat ed in the USA. The Fund seeks investment results that correspond to the price and yield performance of the S&P Global Clean Energy Index.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 2.0 B
ASSETS UNDER MGMT
38 bp
EXPENSES
Fund Basics
| Inception date | Jun 24, 2008 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Semi-annual |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| FIRST SOLAR INC | 8.4 % |
| NEXTRACKER, INC. CLASS A | 7.9 % |
| IBERDROLA SA | 7.2 % |
| BLOOM ENERGY CORPORATION CLASS A | 6.1 % |
| CHINA YANGTZE POWER CO LTD-A | 5.7 % |
| AXIA ENERGIA | 4.3 % |
| VESTAS WIND SYSTEMS A/S | 3.4 % |
| ORMAT TECHNOLOGIES INC | 3.0 % |
| CHUBU ELECTRIC POWER CO INC | 2.8 % |
| ENPHASE ENERGY INC | 2.5 % |
Constituent Breakdown
| Number of holdings | 106 |
| Herfindahl-Hirschman Index | 346 |
| Wgt avg mkt cap (mns) | $30,235 |
| Large cap (>$10bn) | 54.2% |
| Mid cap ($2-10bn) | 24.6% |
| Small cap (<$2bn) | 8.2% |
| Developed mkts. | 60.6% |
| Emerging mkts. | 27.2% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 35.2 % |
 |
CHINA | 10.4 % |
 |
SPAIN | 9.2 % |
 |
BRAZIL | 8.6 % |
 |
DENMARK | 5.0 % |
 |
ISRAEL | 3.3 % |
 |
JAPAN | 2.8 % |
 |
INDIA | 2.7 % |
 |
PORTUGAL | 2.4 % |
 |
GERMANY | 2.1 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 3.5% | 9.8% | 7.6% | 5.2% | -4.7% | 6.4% | -- | -6.0% |
| Dividend Yield | 0.3% | 1.2% | 1.7% | 1.6% | 1.3% | 1.8% | -- | 1.9% |
| Total Returns | 3.7% | 11.0% | 9.2% | 6.8% | -3.5% | 8.1% | -- | -4.1% | Ann. Volatility | 32.2% | 31.0% | 27.0% | 26.8% | 28.2% | 27.6% | -- | 32.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.64 | 47% |
| MSCI EAFE | 1.23 | 40% |
| MSCI Emg Mkts | 0.89 | 53% |
Liquidity Measures
| Avg. volume (000) | 6,396 |
| ADV traded (mns) | $103 |
| Turnover | 5.1% |
| Avg. Bid/Ask (% of price) | 0.06% |
Technical Indicators
| 30d moving avg. (EMA) | $16.50 |
| Relative strength (RSI) | 43 |
| MACD/Signal | -0.41/-0.40 |
| Bollinger Bands (Upper/Lower) | $17.54/$15.14 |
| Short interest (% of AUM) | 4.6% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ICLN |
Expenses vs. ICLN |
ALTAR Score™ vs. ICLN |
|---|---|---|---|---|
| VCLN | Virtus Duff & Phelps Clean Energy ETF | 56.7% | +28 bp | -0.4% |
| FRNW | Fidelity Clean Energy ETF | 39.7% | +1 bp | -0.2% |
| TAN | Invesco Solar ETF | 30.0% | +32 bp | +0.3% |
| SMOG | VanEck Low Carbon Energy ETF | 29.6% | +26 bp | -1.7% |
| CTEC | Global X CleanTech ETF | 26.1% | +12 bp | -1.7% |
| QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | 23.7% | +21 bp | -4.5% |
| ACES | ALPS Clean Energy ETF | 21.9% | +17 bp | -3.8% |
| RNRG | Global X Renewable Energy Producers ETF | 19.2% | +27 bp | +1.1% |
| CNRG | State Street SPDR S&P Kensho Clean Power ETF | 18.8% | +7 bp | -3.3% |
| PBD | Invesco Global Clean Energy ETF | 17.1% | +37 bp | -2.7% |
Risk and Returns: ICLN vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/5/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
3.6%
ALTAR SCORE™
32nd
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 746 funds in the Global Equity category with an average
ALTAR Score™ of 4.8% and a standard deviation
of 2.6%. ICLN's ALTAR Score™ is approximately -0.5 standard
deviations above the category average. This places ICLN in the 32nd percentile
among funds in the category.
Sell-Side Consensus
$20.69
PRICE TARGET
+28.2%
UPSIDE