iShares Global Clean Energy ETF (ICLN)
Market Price (5/22/2026): $22.38
iShares Global Clean Energy ETF (ICLN)
Market Price (5/22/2026): $22.38
Asset Allocation with ICLN
Valuation & Yield
| 5/22/26 | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Share Price CYE | $22.18 | $16.43 | $11.26 | $15.16 | $19.04 | $20.14 |
| Dividend/Share TTM | $0.14 | $0.14 | $0.21 | $0.25 | $0.18 | $0.25 |
Valuation [1] | ||||||
| P/S TTM | 2.70 | 2.41 | 1.90 | 2.14 | 4.20 | 6.10 |
| P/E TTM | 37.51 | 32.36 | 27.78 | 37.03 | 78.05 | 151.56 |
Yields TTM | ||||||
| Earnings Yield | 2.67% | 3.09% | 3.60% | 2.70% | 1.28% | 0.66% |
| Dividend Yield | 0.63% | 0.85% | 1.87% | 1.63% | 0.93% | 1.25% |
| Total Yield (TY) | 3.30% | 3.94% | 5.46% | 4.33% | 2.21% | 1.91% |
Risk Premium [2] | ||||||
| Risk Free Rate (Rf) | 4.57% | 4.18% | 4.58% | 3.88% | 3.88% | 1.52% |
| Risk Prem. (TY - Rf) | -1.27% | -0.24% | 0.88% | 0.45% | -1.67% | 0.39% |
[1] P/E uses aggregate method (profitable constituents only); P/S uses all constituents. Ratios reflect current ETF holdings at current weights.
[2] The premium above the risk free rate (US 10Y) offered by the investment. Negative premiums can indicate stretched valuations.
Top 20 Holdings for ICLN
Total Weights Top 5: 34.6% | Top 10: 44.4% | Top 20: 44.4%
| Ticker | Holding | Weight |
|---|---|---|
| BE | Bloom Energy | 13.10% |
| FSLR | First Solar | 8.07% |
| NXT | Nextpower | 7.34% |
| null | N/A | 1.04% |
| ENPH | Enphase Energy | 5.01% |
| PLUG | Plug Power | 3.32% |
| SEDG | SolarEdge Technologies | 2.42% |
| CWEN | Clearway Energy | 1.67% |
| TE | T1 Energy | 1.27% |
| SHLS | Shoals Technologies | 1.17% |
Performance for ICLN Top Holdings
| Ticker | Holding | Weight | Mkt Price5/21 | 1D Rtn | 1M Rtn | YTD Rtn | 1Y Rtn | 3Y Rtn | 5Y Rtn | 10Y Rtn |
|---|---|---|---|---|---|---|---|---|---|---|
| ICLN | iShares Global Clean Energy ETF | 100.00% | 22.18 | 3.1% | 14.3% | 35.0% | 75.4% | 22.8% | 4.4% | 207.7% |
| BE | Bloom Energy | 13.10% | 307.88 | 9.1% | 39.4% | 254.3% | 1,590.7% | 1,983.1% | 1,281.2% | |
| FSLR | First Solar | 8.07% | 248.88 | 4.6% | 33.4% | -4.7% | 52.3% | 23.4% | 227.8% | 407.5% |
| NXT | Nextpower | 7.34% | 121.02 | -3.5% | 12.0% | 38.9% | 109.2% | 202.7% | ||
| null | N/A | 1.04% | ||||||||
| ENPH | Enphase Energy | 5.01% | 62.34 | 17.3% | 85.4% | 94.5% | 31.8% | -62.1% | -56.2% | 3,048.5% |
| PLUG | Plug Power | 3.32% | 3.78 | 14.2% | 22.7% | 91.9% | 393.3% | -57.2% | -86.4% | 114.8% |
| SEDG | SolarEdge Technologies | 2.42% | 63.00 | 12.1% | 55.3% | 118.4% | 217.5% | -78.9% | -75.0% | 212.3% |
| CWEN | Clearway Energy | 1.67% | 38.16 | 2.2% | 1.1% | 16.1% | 34.2% | 51.7% | 85.5% | 322.7% |
| TE | T1 Energy | 1.27% | 8.72 | 0.2% | 71.3% | 30.5% | 754.9% | |||
| SHLS | Shoals Technologies | 1.17% | 9.55 | -1.3% | 39.0% | 12.4% | 102.8% | -60.5% | -60.8% |
Guidance Updates for ICLN Top Holdings
| Ticker | Company | Earnings Date | Guidance Metric | Midpoint Value | % Change | Guidance Change | |
|---|---|---|---|---|---|---|---|
| BE_4282026 | BE | Bloom Energy | 4/28/2026 | 2026 Revenue | 3.60 Bil | 12.5% | RaisedRaised Prior Guidance of 3.20 Bil for 2026 |
| NXT_5122026 | NXT | Nextpower | 5/12/2026 | 2027 Revenue | 3.95 Bil | 14.1% | Higher NewNew Guidance Higher than Prior Actual of 3.46 Bil for 2026 |
| SHLS_5052026 | SHLS | Shoals Technologies | 5/5/2026 | Q2 2026 Revenue | 160.00 Mil | 10.3% | Higher NewNew Guidance Higher than Prior Actual of 145.00 Mil for Q4 2025 |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ICLN Return | -24% | -5% | -20% | -26% | 46% | 31% | -19% |
| Peers Return | 19% | -37% | 33% | -0% | 40% | 14% | 59% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 98% |
Monthly Win Rates [3] | |||||||
| ICLN Win Rate | 33% | 42% | 42% | 50% | 67% | 100% | |
| Peers Win Rate | 55% | 32% | 57% | 48% | 67% | 56% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| ICLN Max Drawdown | -38% | -26% | -39% | -26% | -12% | -9% | |
| Peers Max Drawdown | -25% | -46% | -28% | -23% | -31% | -20% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ARKK, URA, BOTZ, ROBO, LIT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/21/2026 (YTD)
Sharpe Ratios Compared
One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.
Results as of 4302026.How Low Can It Go
| Event | ICLN | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -31.3% | -9.5% |
| % Gain to Breakeven | 45.6% | 10.5% |
| Time to Breakeven | 737 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -10.3% | -6.7% |
| % Gain to Breakeven | 11.5% | 7.1% |
| Time to Breakeven | 964 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -21.2% | -24.5% |
| % Gain to Breakeven | 26.9% | 32.4% |
| Time to Breakeven | 77 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -41.1% | -33.7% |
| % Gain to Breakeven | 69.7% | 50.9% |
| Time to Breakeven | 114 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -15.9% | -3.7% |
| % Gain to Breakeven | 19.0% | 3.9% |
| Time to Breakeven | 254 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -24.1% | -12.2% |
| % Gain to Breakeven | 31.7% | 13.9% |
| Time to Breakeven | 699 days | 62 days |
In The Past
iShares Global Clean Energy ETF's stock fell -7.3% during the 2025 US Tariff Shock. Such a loss loss requires a 7.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | ICLN | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -31.3% | -9.5% |
| % Gain to Breakeven | 45.6% | 10.5% |
| Time to Breakeven | 737 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -21.2% | -24.5% |
| % Gain to Breakeven | 26.9% | 32.4% |
| Time to Breakeven | 77 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -41.1% | -33.7% |
| % Gain to Breakeven | 69.7% | 50.9% |
| Time to Breakeven | 114 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -24.1% | -12.2% |
| % Gain to Breakeven | 31.7% | 13.9% |
| Time to Breakeven | 699 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -31.4% | -6.8% |
| % Gain to Breakeven | 45.8% | 7.3% |
| Time to Breakeven | 1212 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -43.8% | -17.9% |
| % Gain to Breakeven | 77.9% | 21.8% |
| Time to Breakeven | 3025 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -25.5% | -15.4% |
| % Gain to Breakeven | 34.2% | 18.2% |
| Time to Breakeven | 294 days | 125 days |
In The Past
iShares Global Clean Energy ETF's stock fell -7.3% during the 2025 US Tariff Shock. Such a loss loss requires a 7.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Current Dip Buy Opportunities Across ETFs
ETFs currently down 5% or more from trailing 6M peaks.
| Ticker | Name | Dip % | Mkt Price | Price Date | Peak Price | Peak Date | # Days |
|---|---|---|---|---|---|---|---|
| NOBL | ProShares S&P 500 Dividend Aristocrats ETF | -5.9% | 107.32 | 5212026 | 114.03 | 3012026 | 81 |
| JEPI | JPMorgan Equity Premium Income ETF | -5.1% | 56.08 | 5212026 | 59.09 | 3012026 | 81 |
| ARKK | ARK Innovation ETF | -7.9% | 76.62 | 5212026 | 83.21 | 1132026 | 128 |
| URA | Global X Uranium ETF | -21.0% | 48.86 | 5212026 | 61.81 | 1282026 | 113 |
| LIT | Global X Lithium & Battery Tech ETF | -7.9% | 84.38 | 5212026 | 91.62 | 5112026 | 10 |
| CGBL | Capital Group Core Balanced ETF | -6.2% | 34.41 | 5212026 | 36.67 | 2252026 | 85 |
| XLF | State Street Financial Select Sector SPDR ETF | -7.8% | 51.73 | 5212026 | 56.11 | 1062026 | 135 |
| XLV | State Street Health Care Select Sector SPDR ETF | -7.1% | 148.15 | 5212026 | 159.54 | 3012026 | 81 |
| XLE | State Street Energy Select Sector SPDR ETF | -5.5% | 59.13 | 5212026 | 62.56 | 3292026 | 53 |
| XLP | State Street Consumer Staples Select Sector SPDR ETF | -5.4% | 84.66 | 5212026 | 89.51 | 3012026 | 81 |
| XLU | State Street Utilities Select Sector SPDR ETF | -5.1% | 45.00 | 5212026 | 47.40 | 3012026 | 81 |
| XLB | State Street Materials Select Sector SPDR ETF | -6.3% | 50.02 | 5212026 | 53.38 | 2112026 | 99 |
| ITA | iShares U.S. Aerospace & Defense ETF | -10.9% | 223.15 | 5212026 | 250.42 | 3022026 | 80 |
| XOP | State Street SPDR S&P Oil & Gas Exploration & Production ETF | -9.3% | 170.65 | 5212026 | 188.18 | 3292026 | 53 |
| TLT | iShares 20+ Year Treasury Bond ETF | -6.6% | 84.22 | 5212026 | 90.16 | 3012026 | 81 |
| VGLT | Vanguard Long-Term Treasury ETF | -5.7% | 53.91 | 5212026 | 57.20 | 3012026 | 81 |
| SPTL | State Street SPDR Portfolio Long Term Treasury ETF | -6.1% | 25.61 | 5212026 | 27.28 | 3012026 | 81 |
| TLH | iShares 10-20 Year Treasury Bond ETF | -5.7% | 98.34 | 5212026 | 104.25 | 3012026 | 81 |
| EDV | Vanguard World Funds Extended Duration ETF | -9.1% | 62.11 | 5212026 | 68.33 | 3012026 | 81 |
| GSG | iShares GSCI Commodity | -5.8% | 30.01 | 5212026 | 31.85 | 3182026 | 64 |
| GLD | SPDR Gold Trust | -15.9% | 416.99 | 5212026 | 495.90 | 1292026 | 112 |
| IAU | iShares Gold Trust | -15.9% | 85.43 | 5212026 | 101.57 | 1292026 | 112 |
| GLDM | SPDR Gold MiniShares Trust | -15.8% | 89.87 | 5212026 | 106.77 | 1292026 | 112 |
| SGOL | ETFS Physical Swiss Gold Shares | -13.1% | 44.66 | 5212026 | 51.41 | 1292026 | 112 |
| BAR | Direxion Daily Gold Bull 3X Shares | -16.6% | 44.34 | 5212026 | 53.16 | 1292026 | 112 |
| SLV | iShares Silver Trust | -34.2% | 69.45 | 5212026 | 105.60 | 1282026 | 113 |
| SIVR | ETFS Physical Silver Shares Trust ETF | -24.8% | 83.39 | 5212026 | 110.87 | 1282026 | 113 |
| PPLT | ETFS Physical Platinum Shares | -29.3% | 17.84 | 5212026 | 25.23 | 1252026 | 116 |
| CPER | United States Copper Index Fund ETV | -13.9% | 33.33 | 5212026 | 38.71 | 1292026 | 112 |
| PALL | ETFS Physical Palladium Shares | -32.2% | 25.22 | 5212026 | 37.18 | 1282026 | 113 |
| USO | United States Oil Fund LP | -6.8% | 142.54 | 5212026 | 152.96 | 5192026 | 2 |
| UNG | United States Natural Gas Fund LP | -33.0% | 11.33 | 5212026 | 16.90 | 2012026 | 109 |
| BNO | United States Brent Oil Fund LP ETV | -7.1% | 55.85 | 5212026 | 60.13 | 5042026 | 17 |
| IBIT | iShares Bitcoin Trust ETF | -20.6% | 44.00 | 5212026 | 55.44 | 1142026 | 127 |
| FBTC | Fidelity Wise Origin Bitcoin Fund | -20.6% | 67.56 | 5212026 | 85.12 | 1142026 | 127 |
| GBTC | Grayscale Bitcoin Trust ETF | -19.0% | 61.84 | 5212026 | 76.31 | 1142026 | 127 |
| ETHA | iShares Ethereum Trust ETF | -36.9% | 16.15 | 5212026 | 25.59 | 1142026 | 127 |
About ICLN
| Holdings Count: 106Expense Ratio: 0.39%Inception Date: 2008-06-24 | iShares Global Clean Energy ETFThe iShares Global Clean Energy ETF (ICLN) seeks to track the investment results of an index composed of global equities in the clean energy sector.Asset Class: Equity | ETF Website |
Research & Analysis
Invest in Strategies
Wealth Management
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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