GGOV vs ICLN
Comparison between iShares Global Government Bond USD Hedged Active (GGOV, ETF) and ISHARES GLOBAL CLEAN ENERGY ETF (ICLN, ETF).
GGOV vs ICLN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
GGOV vs ICLN - Holdings Comparison
GGOV and ICLN have 1 common holdings. Overlap is -22.20%
GGOV's top 25 holdings weight is 194.45%. ICLN's top 25 holdings weight is 74.35%.
| Rank | GGOV | ICLN |
|---|---|---|
| #1 | CASH OFFSET (n/a) - 96.76% | BLOOM ENERGY CORP CLASS A (BE) - 14.75% |
| #2 | EUR/USD PURCHASED (n/a) - 21.55% | FIRST SOLAR INC (FSLR) - 8.41% |
| #3 | JPY/USD PURCHASED (n/a) - 13.64% | NEXTPOWER INC CLASS A (NXT) - 7.32% |
| #4 | CNY/USD PURCHASED (n/a) - 9.88% | CHINA YANGTZE POWER CO LTD CLASS A (n/a) - 5.78% |
| #5 | GBP/USD PURCHASED (n/a) - 7.08% | ENPHASE ENERGY INC (ENPH) - 4.87% |
| #6 | n/a (n/a) - 5.63% | VESTAS WIND SYSTEMS AS (n/a) - 3.11% |
| #7 | n/a (n/a) - 4.37% | PLUG POWER INC (PLUG) - 2.85% |
| #8 | BLACKROCK CASH FUNDS INSTL SL AGENCY (n/a) - 3.25% | SOLAREDGE TECHNOLOGIES INC (SEDG) - 2.65% |
| #9 | n/a (n/a) - 3.21% | EQUATORIAL SA (n/a) - 2.56% |
| #10 | n/a (n/a) - 2.79% | SUZLON ENERGY LTD (n/a) - 2.52% |
| #11 | n/a (n/a) - 2.74% | EDP-ENERGIAS DE PORTUGAL SA (n/a) - 2.25% |
| #12 | n/a (n/a) - 2.45% | CHUBU ELECTRIC POWER CO INC (n/a) - 2.22% |
| #13 | n/a (n/a) - 1.92% | CLEARWAY ENERGY INC CLASS C (CWEN) - 1.60% |
| #14 | UNITED STATES TREASURY NOTES 3.875% (n/a) - 1.89% | ORSTED AS (n/a) - 1.55% |
| #15 | UNITED STATES TREASURY NOTES 4.375% (n/a) - 1.89% | T1 ENERGY INC (TE) - 1.46% |
| #16 | CAD/USD PURCHASED (n/a) - 1.88% | ENLIGHT RENEWABLE ENERGY LTD (n/a) - 1.46% |
| #17 | n/a (n/a) - 1.80% | n/a (SHLS) - 1.25% |
| #18 | UNITED STATES TREASURY NOTES 3.5% (n/a) - 1.67% | n/a (n/a) - 1.18% |
| #19 | UNITED STATES TREASURY NOTES 4.875% (n/a) - 1.60% | DOOSAN FUEL CELL ORDINARY SHARES (n/a) - 1.11% |
| #20 | JAPAN (GOVERNMENT OF) 2.4% (n/a) - 1.53% | NORDEX SE AKT. NACH KAPITALHERABSETZUNG (n/a) - 1.02% |
| #21 | JAPAN (GOVERNMENT OF) 1% (n/a) - 1.52% | n/a (n/a) - 0.94% |
| #22 | UNITED STATES TREASURY NOTES 2.75% (n/a) - 1.41% | n/a (n/a) - 0.89% |
| #23 | UNITED STATES TREASURY NOTES 0.625% (n/a) - 1.38% | SOLARIA ENERGIA Y MEDIO AMBIENTE SA (n/a) - 0.87% |
| #24 | JAPAN (GOVERNMENT OF) 2.3% (n/a) - 1.37% | EDP RENEWABLES SA (n/a) - 0.87% |
| #25 | JAPAN (GOVERNMENT OF) 2.2% (n/a) - 1.24% | ARRAY TECHNOLOGIES INC ORDINARY SHARES (ARRY) - 0.86% |
| Total Holdings | 901 | 152 |
GGOV vs ICLN - Historical Returns
Returns include dividend reinvestment.
GGOV vs ICLN - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | GGOV | ICLN |
|---|---|---|
| 2026 | +2.83% | +7.30% |
| 2025 | -2.81% | +44.25% |
| 2024 | N/A | -24.85% |
| 2023 | N/A | -19.49% |
| 2022 | N/A | -6.16% |
| 2021 | N/A | -25.35% |
| 2020 | N/A | +138.15% |
| 2019 | N/A | +43.31% |
| 2018 | N/A | -10.37% |
| 2017 | N/A | +20.11% |
| 2016 | N/A | -16.14% |
| 2015 | N/A | +3.07% |
| 2014 | N/A | -6.04% |
| 2013 | N/A | +44.46% |
| 2012 | N/A | -15.01% |
| 2011 | N/A | -44.77% |
| 2010 | N/A | -29.17% |
| 2009 | N/A | -0.11% |
| 2008 | N/A | -59.33% |
GGOV vs ICLN Drawdown Comparison
The maximum drawdown for GGOV was -4.69%, occurring on Jan 20, 2026. This drawdown has not yet recovered.
The maximum drawdown for ICLN was -87.15%, occurring on Jul 25, 2012. This drawdown has not yet recovered.
The current GGOV drawdown is -0.99%. The current ICLN drawdown is -50.01%.
| Rank | GGOV | ICLN |
|---|---|---|
| #1 | -4.69% Oct 16, 2025 - Jan 20, 2026 | -87.15% Jun 25, 2008 - Jul 25, 2012 |
| #2 | -0.68% Sep 8, 2025 - Oct 14, 2025 | N/A |
| #3 | -0.65% Jun 26, 2025 - Aug 1, 2025 | N/A |
| #4 | -0.59% Aug 7, 2025 - Aug 28, 2025 | N/A |
| #5 | -0.53% Aug 28, 2025 - Sep 8, 2025 | N/A |
| #6 | -0.19% Aug 1, 2025 - Aug 5, 2025 | N/A |
| #7 | -0.12% Aug 5, 2025 - Aug 7, 2025 | N/A |
Correlation
Correlation between GGOV and ICLN is -0.12 which considered as a very weak or no correlation - the stocks move independently of each other.
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