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
1.4 B
ASSETS UNDER MGMT
41 bp
EXPENSES
Fund Basics
| Fund sponsor | Barclays Global Fund Advisors |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 24, 2008 |
| Assets (mns) | $1,448 |
| Expense ratio | 41 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| FIRST SOLAR INC | 8.7 % |
| SSE PLC | 6.2 % |
| VESTAS WIND SYSTEMS A/S | 6.2 % |
| IBERDROLA SA | 5.9 % |
| NEXTRACKER, INC. CLASS A | 4.5 % |
| CHINA YANGTZE POWER CO LTD-A | 4.3 % |
| EQUATORIAL ENERGIA SA - ORD | 3.6 % |
| EDP-ENERGIAS DE PORTUGAL SA | 3.6 % |
| ENPHASE ENERGY INC | 2.9 % |
| SUZLON ENERGY LIMITED | 2.8 % |
Constituent Breakdown
| Number of holdings | 102 |
| Herfindahl-Hirschman Index | 327 |
| Wgt avg mkt cap (mns) | $19,255 |
| Large cap (>$10bn) | 44.7% |
| Mid cap ($2-10bn) | 39.4% |
| Small cap (<$2bn) | 8.9% |
| Developed mkts. | 61.7% |
| Emerging mkts. | 30.9% |
Country Exposure
 |
UNITED STATES | 25.3 % |
 |
BRAZIL | 11.6 % |
 |
CHINA | 9.1 % |
 |
DENMARK | 8.8 % |
 |
SPAIN | 8.2 % |
 |
BRITAIN | 6.2 % |
 |
INDIA | 5.3 % |
 |
CANADA | 3.8 % |
 |
PORTUGAL | 3.6 % |
 |
JAPAN | 2.5 % |
Historical Performance
Standardized Performance (as of 05/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 11.3% | -15.4% | -16.9% | -13.9% | 1.2% | 0.4% | -- | -8.1% |
| Dividend Yield | 0.0% | 1.4% | 1.3% | 1.1% | 1.2% | 1.8% | -- | 1.9% |
| Total Returns | 11.3% | -14.0% | -15.6% | -12.8% | 2.4% | 2.3% | -- | -6.2% | Ann. Volatility | 23.6% | 23.5% | 24.6% | 26.3% | 29.8% | 27.2% | -- | 32.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.01 | 40% |
| MSCI EAFE | 1.07 | 47% |
| MSCI Emg Mkts | 1.01 | 41% |
Liquidity Measures
| Avg. volume (000) | 2,541 |
| ADV traded (mns) | $34 |
| Turnover | 2.3% |
| Avg. Bid/Ask (% of price) | 0.07% |
Technical Indicators
| Recent close | $13.30 |
| 30d moving avg. | $12.43 |
| Annualized volatility | 27.1% |
| Relative strength (RSI) | 62 |
| Short interest | 3.9% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| VCLN | Virtus Duff & Phelps Clean Energy ETF | 46.8% | +18 bp | +5.6% |
| FRNW | Fidelity Clean Energy ETF | 42.1% | -2 bp | +4.1% |
| CTEC | Global X CleanTech ETF | 28.9% | +9 bp | +2.9% |
| SMOG | VanEck Low Carbon Energy ETF | 26.4% | +20 bp | +1.6% |
| QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | 24.4% | +17 bp | -3.1% |
| TAN | Invesco Solar ETF | 22.7% | +26 bp | +8.0% |
| ACES | ALPS Clean Energy ETF | 22.1% | +14 bp | -3.4% |
| FAN | First Trust Global Wind Energy ETF | 21.3% | +19 bp | +4.6% |
| RAYS | Global X Solar ETF | 20.7% | +10 bp | +6.3% |
| RNRG | Global X Renewable Energy Producers ETF | 19.2% | +25 bp | +5.6% |
Risk and Returns: 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | |
| 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 6/15/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
5.8%
Cat. Avg
4.5%
ALTAR Score™ Calculation
Category Overview
There are 370 funds in the Global Equity category, with an average ALTAR Score™
of 4.5% and a standard deviation of
3.5%. 's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places in the 65th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ICLNSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| (41 bp) Percentile rank | 22 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| 41.0 | 0.0 | 41 | |
| Peer Avg. | 54.3 | 32.7 | 86.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .