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
$ 2.3 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 +
| BLOOM ENERGY CORPORATION CLASS A | 11.0 % |
| NEXTRACKER, INC. CLASS A | 9.5 % |
| FIRST SOLAR INC | 6.0 % |
| IBERDROLA SA | 5.8 % |
| CHINA YANGTZE POWER CO LTD-A | 4.4 % |
| EQUATORIAL ENERGIA SA - ORD | 3.2 % |
| ORMAT TECHNOLOGIES INC | 3.1 % |
| VESTAS WIND SYSTEMS A/S | 2.7 % |
| ENPHASE ENERGY INC | 2.4 % |
| EDP-ENERGIAS DE PORTUGAL SA | 2.3 % |
Constituent Breakdown
| Number of holdings | 100 |
| Herfindahl-Hirschman Index | 394 |
| Wgt avg mkt cap (mns) | $20,903 |
| Large cap (>$10bn) | 45.5% |
| Mid cap ($2-10bn) | 33.7% |
| Small cap (<$2bn) | 11.3% |
| Developed mkts. | 65.9% |
| Emerging mkts. | 27.3% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 41.6 % |
 |
CHINA | 11.0 % |
 |
BRAZIL | 8.8 % |
 |
SPAIN | 8.2 % |
 |
DENMARK | 4.9 % |
 |
INDIA | 3.3 % |
 |
CANADA | 2.5 % |
 |
SOUTH KOREA | 2.4 % |
 |
JAPAN | 2.3 % |
 |
PORTUGAL | 2.3 % |
Historical Performance
Standardized Performance (as of 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 11.3% | 60.2% | 14.4% | -2.6% | -5.5% | 7.0% | -- | -5.8% |
| Dividend Yield | 0.0% | 3.0% | 2.0% | 1.6% | 1.3% | 1.9% | -- | 1.9% |
| Total Returns | 11.3% | 63.1% | 16.4% | -1.0% | -4.2% | 8.9% | -- | -3.8% | Ann. Volatility | 31.1% | 26.2% | 24.3% | 24.7% | 27.2% | 27.0% | -- | 32.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.76 | 30% |
| MSCI EAFE | 0.89 | 36% |
| MSCI Emg Mkts | 0.89 | 47% |
Liquidity Measures
| Avg. volume (000) | 5,613 |
| ADV traded (mns) | $111 |
| Turnover | 4.7% |
| Avg. Bid/Ask (% of price) | 0.05% |
Technical Indicators
| 30d moving avg. (EMA) | $18.28 |
| Relative strength (RSI) | 55 |
| MACD/Signal | 0.04/-0.03 |
| Bollinger Bands (Upper/Lower) | $19.03/$17.56 |
| Short interest (% of AUM) | 6.2% |
Distributions
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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 | 50.3% | +18 bp | +0.7% |
| FRNW | Fidelity Clean Energy ETF | 42.7% | -2 bp | +0.0% |
| CTEC | Global X CleanTech ETF | 32.3% | +9 bp | -2.4% |
| SMOG | VanEck Low Carbon Energy ETF | 28.7% | +20 bp | -0.7% |
| QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | 28.2% | +17 bp | -3.4% |
| TAN | Invesco Solar ETF | 27.4% | +26 bp | +2.0% |
| ACES | ALPS Clean Energy ETF | 25.7% | +14 bp | -4.0% |
| CNRG | State Street SPDR S&P Kensho Clean Power ETF | 22.9% | +4 bp | -2.2% |
| PBD | Invesco Global Clean Energy ETF | 20.5% | +34 bp | -1.7% |
| OCEN | IQ Clean Oceans ETF | 19.3% | +4 bp | +2.2% |
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 4/14/2026
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
2.3%
ALTAR SCORE™
21st
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 583 funds in the Global Equity category with an average
ALTAR Score™ of 4.4% and a standard deviation
of 2.6%. ICLN's ALTAR Score™ is approximately -0.8 standard
deviations above the category average. This places ICLN in the 21st percentile
among funds in the category.
Sell-Side Consensus
$20.04
PRICE TARGET
+1.6%
UPSIDE