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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


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Price Chart

Valuation & Yield

 5/22/2620252024202320222021
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 TTM2.702.411.902.144.206.10
P/E TTM37.5132.3627.7837.0378.05151.56

Yields TTM
      
Earnings Yield2.67%3.09%3.60%2.70%1.28%0.66%
Dividend Yield0.63%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%

TickerHoldingWeight
BEBloom Energy13.10%
FSLRFirst Solar8.07%
NXTNextpower7.34%
nullN/A1.04%
ENPHEnphase Energy5.01%
PLUGPlug Power3.32%
SEDGSolarEdge Technologies2.42%
CWENClearway Energy1.67%
TET1 Energy1.27%
SHLSShoals Technologies1.17%

Performance for ICLN Top Holdings

TickerHoldingWeightMkt Price
5/21
1D Rtn1M RtnYTD Rtn1Y Rtn3Y Rtn5Y Rtn10Y Rtn
ICLNiShares Global Clean Energy ETF100.00%22.183.1%14.3%35.0%75.4%22.8%4.4%207.7%
BEBloom Energy13.10%307.889.1%39.4%254.3%1,590.7%1,983.1%1,281.2% 
FSLRFirst Solar8.07%248.884.6%33.4%-4.7%52.3%23.4%227.8%407.5%
NXTNextpower7.34%121.02-3.5%12.0%38.9%109.2%202.7%  
nullN/A1.04%        
ENPHEnphase Energy5.01%62.3417.3%85.4%94.5%31.8%-62.1%-56.2%3,048.5%
PLUGPlug Power3.32%3.7814.2%22.7%91.9%393.3%-57.2%-86.4%114.8%
SEDGSolarEdge Technologies2.42%63.0012.1%55.3%118.4%217.5%-78.9%-75.0%212.3%
CWENClearway Energy1.67%38.162.2%1.1%16.1%34.2%51.7%85.5%322.7%
TET1 Energy1.27%8.720.2%71.3%30.5%754.9%   
SHLSShoals Technologies1.17%9.55-1.3%39.0%12.4%102.8%-60.5%-60.8% 

Guidance Updates for ICLN Top Holdings

 TickerCompanyEarnings DateGuidance MetricMidpoint Value% ChangeGuidance Change
BE_4282026BEBloom Energy4/28/20262026 Revenue3.60 Bil12.5%RaisedRaised Prior Guidance of 3.20 Bil for 2026
NXT_5122026NXTNextpower5/12/20262027 Revenue3.95 Bil14.1%Higher NewNew Guidance Higher than Prior Actual of 3.46 Bil for 2026
SHLS_5052026SHLSShoals Technologies5/5/2026Q2 2026 Revenue160.00 Mil10.3%Higher NewNew Guidance Higher than Prior Actual of 145.00 Mil for Q4 2025

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
ICLN Return-24%-5%-20%-26%46%31%-19%
Peers Return19%-37%33%-0%40%14%59%
S&P 500 Return27%-19%24%23%16%9%98%

Monthly Win Rates [3]
ICLN Win Rate33%42%42%50%67%100% 
Peers Win Rate55%32%57%48%67%56% 
S&P 500 Win Rate75%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.

Ticker1Y3Y5Y
ICLN2.190.15-0.03
Equity Top Results (3Y)   
SPMO1.931.450.89
SMH2.991.440.91
CGDV2.121.320.89
ALLW1.751.291.29
DYNF1.961.280.68

Results as of 4302026.

How Low Can It Go

EventICLNS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-31.3%-9.5%
  % Gain to Breakeven45.6%10.5%
  Time to Breakeven737 days24 days
2023 SVB Regional Banking Crisis
  % Loss-10.3%-6.7%
  % Gain to Breakeven11.5%7.1%
  Time to Breakeven964 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-21.2%-24.5%
  % Gain to Breakeven26.9%32.4%
  Time to Breakeven77 days427 days
2020 COVID-19 Crash
  % Loss-41.1%-33.7%
  % Gain to Breakeven69.7%50.9%
  Time to Breakeven114 days140 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-15.9%-3.7%
  % Gain to Breakeven19.0%3.9%
  Time to Breakeven254 days6 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-24.1%-12.2%
  % Gain to Breakeven31.7%13.9%
  Time to Breakeven699 days62 days

Compare to ARKK, URA, BOTZ, ROBO, LIT

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.

EventICLNS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-31.3%-9.5%
  % Gain to Breakeven45.6%10.5%
  Time to Breakeven737 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-21.2%-24.5%
  % Gain to Breakeven26.9%32.4%
  Time to Breakeven77 days427 days
2020 COVID-19 Crash
  % Loss-41.1%-33.7%
  % Gain to Breakeven69.7%50.9%
  Time to Breakeven114 days140 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-24.1%-12.2%
  % Gain to Breakeven31.7%13.9%
  Time to Breakeven699 days62 days
2014-2016 Oil Price Collapse
  % Loss-31.4%-6.8%
  % Gain to Breakeven45.8%7.3%
  Time to Breakeven1212 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-43.8%-17.9%
  % Gain to Breakeven77.9%21.8%
  Time to Breakeven3025 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-25.5%-15.4%
  % Gain to Breakeven34.2%18.2%
  Time to Breakeven294 days125 days

Compare to ARKK, URA, BOTZ, ROBO, LIT

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.

ICLN Dip Buy History


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Alerts when dip buy opportunities arise.
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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

TickerNameDip %Mkt PricePrice DatePeak PricePeak Date# Days
NOBLProShares S&P 500 Dividend Aristocrats ETF-5.9%107.325212026114.03301202681
JEPIJPMorgan Equity Premium Income ETF-5.1%56.08521202659.09301202681
ARKKARK Innovation ETF-7.9%76.62521202683.211132026128
URAGlobal X Uranium ETF-21.0%48.86521202661.811282026113
LITGlobal X Lithium & Battery Tech ETF-7.9%84.38521202691.62511202610
CGBLCapital Group Core Balanced ETF-6.2%34.41521202636.67225202685
XLFState Street Financial Select Sector SPDR ETF-7.8%51.73521202656.111062026135
XLVState Street Health Care Select Sector SPDR ETF-7.1%148.155212026159.54301202681
XLEState Street Energy Select Sector SPDR ETF-5.5%59.13521202662.56329202653
XLPState Street Consumer Staples Select Sector SPDR ETF-5.4%84.66521202689.51301202681
XLUState Street Utilities Select Sector SPDR ETF-5.1%45.00521202647.40301202681
XLBState Street Materials Select Sector SPDR ETF-6.3%50.02521202653.38211202699
ITAiShares U.S. Aerospace & Defense ETF-10.9%223.155212026250.42302202680
XOPState Street SPDR S&P Oil & Gas Exploration & Production ETF-9.3%170.655212026188.18329202653
TLTiShares 20+ Year Treasury Bond ETF-6.6%84.22521202690.16301202681
VGLTVanguard Long-Term Treasury ETF-5.7%53.91521202657.20301202681
SPTLState Street SPDR Portfolio Long Term Treasury ETF-6.1%25.61521202627.28301202681
TLHiShares 10-20 Year Treasury Bond ETF-5.7%98.345212026104.25301202681
EDVVanguard World Funds Extended Duration ETF-9.1%62.11521202668.33301202681
GSGiShares GSCI Commodity-5.8%30.01521202631.85318202664
GLDSPDR Gold Trust-15.9%416.995212026495.901292026112
IAUiShares Gold Trust-15.9%85.435212026101.571292026112
GLDMSPDR Gold MiniShares Trust-15.8%89.875212026106.771292026112
SGOLETFS Physical Swiss Gold Shares-13.1%44.66521202651.411292026112
BARDirexion Daily Gold Bull 3X Shares-16.6%44.34521202653.161292026112
SLViShares Silver Trust-34.2%69.455212026105.601282026113
SIVRETFS Physical Silver Shares Trust ETF-24.8%83.395212026110.871282026113
PPLTETFS Physical Platinum Shares-29.3%17.84521202625.231252026116
CPERUnited States Copper Index Fund ETV-13.9%33.33521202638.711292026112
PALLETFS Physical Palladium Shares-32.2%25.22521202637.181282026113
USOUnited States Oil Fund LP-6.8%142.545212026152.9651920262
UNGUnited States Natural Gas Fund LP-33.0%11.33521202616.902012026109
BNOUnited States Brent Oil Fund LP ETV-7.1%55.85521202660.13504202617
IBITiShares Bitcoin Trust ETF-20.6%44.00521202655.441142026127
FBTCFidelity Wise Origin Bitcoin Fund-20.6%67.56521202685.121142026127
GBTCGrayscale Bitcoin Trust ETF-19.0%61.84521202676.311142026127
ETHAiShares Ethereum Trust ETF-36.9%16.15521202625.591142026127

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About ICLN

0Holdings Count: 106
Expense Ratio: 0.39%
Inception Date: 2008-06-24
iShares Global Clean Energy ETF
The 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

Recent Active Movers

Short Interest

Short Interest: As Of Date4302026
Short Interest: Shares Quantity10.7 Mil
Short Interest: % Change Since 415202640.5%
Average Daily Volume6.5 Mil
Days-to-Cover Short Interest1.6 days