ICLN vs CWI
Comparison between ISHARES GLOBAL CLEAN ENERGY ETF (ICLN, ETF) and SPDR(R) MSCI ACWI EX-US ETF (CWI, ETF).
5-Year PerformanceCWI has outperformed ICLN, delivering a return of +9.0% compared to +0.6%
ICLN vs CWI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
ICLN
$2.20B
Winner
CWI
$2.30B
Expense Ratio
ICLN
0.39%
Winner
CWI
0.30%
Max Drawdown
ICLN
88.31%
Winner
CWI
62.39%
Sharpe Ratio
Winner
ICLN
2.33
CWI
1.88
5Y Beta
Winner
ICLN
0.67
CWI
0.75
P/E Ratio
ICLN
-4.14
CWI
N/A
Forward P/E
ICLN
24.59
CWI
N/A
PEG Ratio
ICLN
-0.00
CWI
N/A
5Y Dividends CAGR
Winner
ICLN
18.37%
CWI
16.94%
Debt to Equity
ICLN
-86.77%
CWI
N/A
P/S Ratio
ICLN
1.18
CWI
N/A
P/B Ratio
ICLN
3.20
CWI
N/A
ICLN vs CWI - Holdings Comparison
ICLN and CWI have 1 common holdings. Overlap is -4.78%
ICLN's top 25 holdings weight is 80.92%. CWI's top 25 holdings weight is 21.87%.
| Rank | ICLN | CWI |
|---|---|---|
| #1 | BLOOM ENERGY CORP CLASS A (BE) - 11.13% | n/a (TSM) - 3.62% |
| #2 | FIRST SOLAR INC (FSLR) - 7.18% | TENCENT HOLDINGS LTD (n/a) - 1.54% |
| #3 | NEXTPOWER INC CLASS A (NXT) - 6.85% | ASML HOLDING NV COMMON STOCK EUR.09 (n/a) - 1.30% |
| #4 | CHINA YANGTZE POWER CO LTD CLASS A (n/a) - 6.10% | SAMSUNG ELECTRONICS CO LTD DR (SSNHZ) - 1.11% |
| #5 | EUR CASH (n/a) - 4.79% | n/a (n/a) - 1.06% |
| #6 | EUR/USD PURCHASED (n/a) - 4.78% | SAP SE (n/a) - 0.87% |
| #7 | PLUG POWER INC (PLUG) - 3.55% | NESTLE SA (n/a) - 0.81% |
| #8 | ENPHASE ENERGY INC (ENPH) - 3.51% | HSBC HOLDINGS PLC (n/a) - 0.81% |
| #9 | VESTAS WIND SYSTEMS AS (n/a) - 3.50% | ROYAL BANK OF CANADA COMMON STOCK (n/a) - 0.76% |
| #10 | EQUATORIAL SA (n/a) - 3.22% | SHELL PLC (n/a) - 0.75% |
| #11 | SUZLON ENERGY LTD (n/a) - 2.39% | NOVARTIS AG REGISTERED SHARES (n/a) - 0.75% |
| #12 | EDP-ENERGIAS DE PORTUGAL SA (n/a) - 2.35% | ROCHE HOLDING AG (n/a) - 0.74% |
| #13 | BRL CASH (n/a) - 2.18% | ASTRAZENECA PLC (n/a) - 0.71% |
| #14 | CHUBU ELECTRIC POWER CO INC (n/a) - 2.16% | SK HYNIX INC (n/a) - 0.71% |
| #15 | BRL/USD PURCHASED (n/a) - 2.07% | SIEMENS AG (n/a) - 0.69% |
| #16 | CLEARWAY ENERGY INC CLASS C (CWEN) - 1.90% | COMMONWEALTH BANK OF AUSTRALIA (n/a) - 0.64% |
| #17 | SOLAREDGE TECHNOLOGIES INC (SEDG) - 1.89% | TOYOTA MOTOR CORP (n/a) - 0.62% |
| #18 | ORSTED AS (n/a) - 1.78% | LVMH MOET HENNESSY LOUIS VUITTON SE (n/a) - 0.60% |
| #19 | n/a (n/a) - 1.53% | SHOPIFY INC CLASS A COMMON STOCK (n/a) - 0.59% |
| #20 | ILS/USD PURCHASED (n/a) - 1.49% | SONY GROUP CORP (n/a) - 0.56% |
| #21 | ENLIGHT RENEWABLE ENERGY LTD (n/a) - 1.46% | MITSUBISHI UFJ FINANCIAL GROUP INC (n/a) - 0.54% |
| #22 | KRW/USD PURCHASED (n/a) - 1.43% | ALLIANZ SE (n/a) - 0.54% |
| #23 | n/a (n/a) - 1.32% | SOFTBANK GROUP CORP (n/a) - 0.53% |
| #24 | n/a (n/a) - 1.24% | HITACHI LTD (n/a) - 0.52% |
| #25 | SOLARIA ENERGIA Y MEDIO AMBIENTE SA (n/a) - 1.12% | THE TORONTO-DOMINION BANK (TD) - 0.50% |
| Total Holdings | 162 | 1289 |
ICLN vs CWI - Historical Returns
Returns include dividend reinvestment.
1M
Winner
ICLN
+14.25%
CWI
+4.67%
3M
Winner
ICLN
+11.13%
CWI
+3.49%
6M
Winner
ICLN
+20.76%
CWI
+16.31%
1Y
Winner
ICLN
+80.19%
CWI
+35.69%
5Y(CAGR)
ICLN
+0.57%
Winner
CWI
+8.97%
10Y(CAGR)
Winner
ICLN
+11.37%
CWI
+10.09%
Max(CAGR)
ICLN
-3.04%
Winner
CWI
+5.44%
ICLN vs CWI - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | ICLN | CWI |
|---|---|---|
| 2026 | +23.74% | +10.60% |
| 2025 | +44.25% | +32.76% |
| 2024 | -24.85% | +7.58% |
| 2023 | -19.49% | +15.05% |
| 2022 | -6.16% | -15.80% |
| 2021 | -25.35% | +8.00% |
| 2020 | +138.15% | +8.58% |
| 2019 | +43.31% | +22.09% |
| 2018 | -10.37% | -14.65% |
| 2017 | +20.11% | +25.95% |
| 2016 | -16.14% | +6.67% |
| 2015 | +3.07% | -4.94% |
| 2014 | -6.04% | -1.28% |
| 2013 | +44.46% | +12.22% |
| 2012 | -15.01% | +13.69% |
| 2011 | -44.77% | -14.44% |
| 2010 | -29.17% | +8.51% |
| 2009 | -0.11% | +35.42% |
| 2008 | -59.33% | -41.96% |
| 2007 | N/A | +15.36% |
ICLN vs CWI Drawdown Comparison
The maximum drawdown for ICLN was -87.15%, occurring on Jul 25, 2012. This drawdown has not yet recovered.
The maximum drawdown for CWI was -60.77%, occurring on Mar 9, 2009. Recovery took 1668 trading sessions.
The current ICLN drawdown is -42.35%. The current CWI drawdown is -0.42%.
| Rank | ICLN | CWI |
|---|---|---|
| #1 | -87.15% Jun 25, 2008 - Jul 25, 2012 | -60.77% Oct 31, 2007 - Jun 18, 2014 |
| #2 | N/A | -34.64% Jan 26, 2018 - Nov 13, 2020 |
| #3 | N/A | -29.42% Jun 14, 2021 - May 9, 2024 |
| #4 | N/A | -25.24% Jul 3, 2014 - May 5, 2017 |
| #5 | N/A | -13.85% Mar 19, 2025 - May 2, 2025 |
| #6 | N/A | -12.72% Jul 13, 2007 - Oct 1, 2007 |
| #7 | N/A | -11.47% Feb 25, 2026 - May 6, 2026 |
| #8 | N/A | -9.50% Sep 26, 2024 - Mar 17, 2025 |
| #9 | N/A | -8.03% Jul 12, 2024 - Aug 23, 2024 |
| #10 | N/A | -7.91% Feb 26, 2007 - Apr 3, 2007 |
| #11 | N/A | -4.96% Nov 12, 2025 - Dec 10, 2025 |
| #12 | N/A | -4.92% Feb 16, 2021 - Apr 15, 2021 |
| #13 | N/A | -4.58% Jan 21, 2021 - Feb 9, 2021 |
| #14 | N/A | -4.21% Jul 23, 2025 - Aug 13, 2025 |
| #15 | N/A | -3.82% Aug 23, 2024 - Sep 19, 2024 |
Correlation
Correlation between ICLN and CWI is 0.39 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
0.39
-101
Dividend Comparison (2007 - 2025)
ICLN vs CWI dividend yield comparison.
| Year | ICLN | CWI |
|---|---|---|
| 2025 | 1.63% | 2.97% |
| 2024 | 1.85% | 2.89% |
| 2023 | 1.59% | 2.80% |
| 2022 | 0.89% | 3.17% |
| 2021 | 1.18% | 2.65% |
| 2020 | 0.34% | 2.07% |
| 2019 | 1.36% | 3.05% |
| 2018 | 2.77% | 2.81% |
| 2017 | 2.49% | 2.29% |
| 2016 | 3.88% | 2.45% |
| 2015 | 2.36% | 2.62% |
| 2014 | 2.83% | 3.21% |
| 2013 | 2.11% | 2.69% |
| 2012 | 3.85% | 3.15% |
| 2011 | 4.69% | 2.98% |
| 2010 | 1.90% | 2.31% |
| 2009 | 1.31% | 2.20% |
| 2008 | 0.29% | 2.17% |
| 2007 | 0.00% | 2.01% |
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