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
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) | $2,021 |
| 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 | 7.5 % |
| ENPHASE ENERGY INC | 7.2 % |
| IBERDROLA SA | 7.0 % |
| CONSOLIDATED EDISON INC | 6.9 % |
| VESTAS WIND SYSTEMS A/S | 4.9 % |
| EDP-ENERGIAS DE PORTUGAL SA | 4.3 % |
| DONG ENERGY A/S | 4.3 % |
| CHINA YANGTZE POWER CO LTD-A | 4.3 % |
| SUZLON ENERGY LIMITED | 3.8 % |
| CHUBU ELECTRIC POWER CO INC | 3.6 % |
Constituent Breakdown
| Number of holdings | 100 |
| Herfindahl-Hirschman Index | 358 |
| Wgt avg mkt cap (mns) | $22,941 |
| Large cap (>$10bn) | 60.6% |
| Mid cap ($2-10bn) | 30.2% |
| Small cap (<$2bn) | 9.1% |
| Developed mkts. | 73.7% |
| Emerging mkts. | 26.3% |
Country Exposure
 |
UNITED STATES | 33.9 % |
 |
SPAIN | 9.8 % |
 |
DENMARK | 9.2 % |
 |
CHINA | 8.4 % |
 |
BRAZIL | 7.8 % |
 |
INDIA | 6.2 % |
 |
PORTUGAL | 4.3 % |
 |
JAPAN | 3.7 % |
 |
CANADA | 3.1 % |
 |
SOUTH KOREA | 2.0 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -5.4% | 1.5% | -11.5% | -11.2% | 7.2% | 5.0% | -5.4% | Volatility | 24.1% | 25.6% | 27.5% | 28.5% | 32.5% | 26.9% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.13 | 42% |
| MSCI EAFE | 1.19 | 45% |
| MSCI Emg Mkts | 1.05 | 34% |
Liquidity Measures
| Avg. volume (000) | 2,015 |
| Turnover | 1.3% |
| Avg. Bid/Ask (% of price) | 0.07% |
| ADV of underlying (mns) | $6,373 |
Technical Indicators
| Recent close | $13.41 |
| 30d moving avg. | $14.32 |
| Annualized volatility | 31.1% |
| Relative strength (RSI) | 57 |
| Short interest (ETF) | 4.7% |
| Short interest (underlying) | 0.0% |
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. ICLN |
Expenses vs. ICLN |
ALTAR Score™ vs. ICLN |
|---|---|---|---|---|
| FRNW | Fidelity Clean Energy ETF | 41.3% | -2 bp | -2.7% |
| VCLN | Virtus Duff & Phelps Clean Energy ETF | 41.1% | +18 bp | -1.5% |
| SMOG | VanEck Low Carbon Energy ETF | 30.0% | +20 bp | -2.9% |
| TAN | Invesco Solar ETF | 25.4% | +26 bp | +5.0% |
| QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | 23.9% | +17 bp | -8.1% |
| FAN | First Trust Global Wind Energy ETF | 22.3% | +19 bp | -0.2% |
| ACES | ALPS Clean Energy ETF | 21.2% | +14 bp | -9.2% |
| ERTH | Invesco MSCI Sustainable Future ETF | 20.5% | +21 bp | -1.5% |
| SOLR | Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund | 18.3% | +38 bp | -0.4% |
| GCLN | Goldman Sachs Bloomberg Clean Energy Equity ETF | 18.2% | +4 bp | +0.6% |
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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 10/17/2024
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
ICLN
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
ICLN
5.2%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 361 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.6%. ICLN's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places ICLN in the 59th 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 |
| ICLN (41 bp) Percentile rank | 21 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| ICLN | 41.0 | 7.0 | 48 |
| Peer Avg. | 57.0 | 39.5 | 96.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .