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
$ 2.4 B
ASSETS UNDER MGMT
41 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 | 8.0 % |
| CHINA YANGTZE POWER CO LTD-A | 7.8 % |
| NEXTRACKER, INC. CLASS A | 7.0 % |
| BLOOM ENERGY CORPORATION CLASS A | 6.9 % |
| ENPHASE ENERGY INC | 4.6 % |
| VESTAS WIND SYSTEMS A/S | 3.6 % |
| EQUATORIAL ENERGIA SA - ORD | 3.3 % |
| EDP-ENERGIAS DE PORTUGAL SA | 2.7 % |
| PLUG POWER INC | 2.7 % |
| CHUBU ELECTRIC POWER CO INC | 2.6 % |
Constituent Breakdown
| Number of holdings | 106 |
| Herfindahl-Hirschman Index | 310 |
| Wgt avg mkt cap (mns) | $20,042 |
| Large cap (>$10bn) | 49.2% |
| Mid cap ($2-10bn) | 29.6% |
| Small cap (<$2bn) | 10.1% |
| Developed mkts. | 59.1% |
| Emerging mkts. | 30.4% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 37.0 % |
 |
CHINA | 16.0 % |
 |
BRAZIL | 6.3 % |
 |
DENMARK | 5.3 % |
 |
INDIA | 3.6 % |
 |
ISRAEL | 3.1 % |
 |
JAPAN | 2.8 % |
 |
PORTUGAL | 2.7 % |
 |
SPAIN | 2.2 % |
 |
GERMANY | 2.1 % |
Historical Performance
Standardized Performance (as of 07/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 6.8% | 30.9% | 11.4% | -1.3% | -5.0% | 6.8% | -- | -5.9% |
| Dividend Yield | 0.3% | 1.4% | 1.7% | 1.5% | 1.3% | 1.8% | -- | 1.9% |
| Total Returns | 7.1% | 32.2% | 13.1% | 0.1% | -3.8% | 8.6% | -- | -4.0% | Ann. Volatility | 34.4% | 30.6% | 26.9% | 26.7% | 28.0% | 27.5% | -- | 32.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.58 | 44% |
| MSCI EAFE | 1.21 | 39% |
| MSCI Emg Mkts | 0.90 | 52% |
Liquidity Measures
| Avg. volume (000) | 6,084 |
| ADV traded (mns) | $111 |
| Turnover | 4.7% |
| Avg. Bid/Ask (% of price) | 0.05% |
Technical Indicators
| 30d moving avg. (EMA) | $18.87 |
| Relative strength (RSI) | 41 |
| MACD/Signal | -0.76/-0.72 |
| Bollinger Bands (Upper/Lower) | $20.04/$16.86 |
| Short interest (% of AUM) | 6.2% |
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 | 49.6% | +18 bp | +0.7% |
| FRNW | Fidelity Clean Energy ETF | 42.5% | -2 bp | -0.1% |
| CTEC | Global X CleanTech ETF | 39.2% | +9 bp | -2.6% |
| TAN | Invesco Solar ETF | 32.5% | +26 bp | +2.1% |
| QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | 22.5% | +17 bp | -3.7% |
| ACES | ALPS Clean Energy ETF | 21.8% | +14 bp | -4.4% |
| SMOG | VanEck Low Carbon Energy ETF | 21.4% | +20 bp | -0.7% |
| ERTH | Invesco MSCI Sustainable Future ETF | 19.3% | +21 bp | +1.4% |
| PBD | Invesco Global Clean Energy ETF | 19.1% | +34 bp | -1.9% |
| CNRG | State Street SPDR S&P Kensho Clean Power ETF | 17.8% | +4 bp | -2.4% |
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 8/9/2026
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
2.6%
ALTAR SCORE™
25th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 736 funds in the Global Equity category with an average
ALTAR Score™ of 4.3% and a standard deviation
of 2.6%. ICLN's ALTAR Score™ is approximately -0.7 standard
deviations above the category average. This places ICLN in the 25th percentile
among funds in the category.
Sell-Side Consensus
$20.29
PRICE TARGET
+10.9%
UPSIDE