ICLN vs GGOV

Comparison between ISHARES GLOBAL CLEAN ENERGY ETF (ICLN, ETF) and iShares Global Government Bond USD Hedged Active (GGOV, ETF).

ICLN vs GGOV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ICLN(ETF)	GGOV(ETF)
Net Assets	$2.90B	$2.90B
Expense Ratio	0.39%	0.39%
Max Drawdown	88.31%	4.69%
Sharpe Ratio	1.10	-0.77
5Y Beta	0.77	0.03
P/E Ratio	-5.12	N/A
Forward P/E	21.44	N/A
PEG Ratio	-0.00	N/A
5Y Dividends CAGR	7.95%	N/A
Debt to Equity	-37.43%	N/A
P/S Ratio	1.16	N/A
P/B Ratio	5.33	N/A

Net Assets

ICLN

$2.90B

GGOV

$2.90B

Expense Ratio

ICLN

0.39%

GGOV

0.39%

Max Drawdown

ICLN

88.31%

Winner

GGOV

4.69%

Sharpe Ratio

Winner

ICLN

1.10

GGOV

-0.77

5Y Beta

ICLN

0.77

Winner

GGOV

0.03

P/E Ratio

ICLN

-5.12

GGOV

N/A

Forward P/E

ICLN

21.44

GGOV

N/A

PEG Ratio

ICLN

-0.00

GGOV

N/A

5Y Dividends CAGR

ICLN

7.95%

GGOV

N/A

Debt to Equity

ICLN

-37.43%

GGOV

N/A

P/S Ratio

ICLN

1.16

GGOV

N/A

P/B Ratio

ICLN

5.33

GGOV

N/A

ICLN vs GGOV - Holdings Comparison

ICLN and GGOV have 1 common holdings. Overlap is -22.20%

ICLN's top 25 holdings weight is 74.35%. GGOV's top 25 holdings weight is 194.45%.

Rank	ICLN	GGOV
#1	BLOOM ENERGY CORP CLASS A (BE) - 14.75%	CASH OFFSET (n/a) - 96.76%
#2	FIRST SOLAR INC (FSLR) - 8.41%	EUR/USD PURCHASED (n/a) - 21.55%
#3	NEXTPOWER INC CLASS A (NXT) - 7.32%	JPY/USD PURCHASED (n/a) - 13.64%
#4	CHINA YANGTZE POWER CO LTD CLASS A (n/a) - 5.78%	CNY/USD PURCHASED (n/a) - 9.88%
#5	ENPHASE ENERGY INC (ENPH) - 4.87%	GBP/USD PURCHASED (n/a) - 7.08%
#6	VESTAS WIND SYSTEMS AS (n/a) - 3.11%	n/a (n/a) - 5.63%
#7	PLUG POWER INC (PLUG) - 2.85%	n/a (n/a) - 4.37%
#8	SOLAREDGE TECHNOLOGIES INC (SEDG) - 2.65%	BLACKROCK CASH FUNDS INSTL SL AGENCY (n/a) - 3.25%
#9	EQUATORIAL SA (n/a) - 2.56%	n/a (n/a) - 3.21%
#10	SUZLON ENERGY LTD (n/a) - 2.52%	n/a (n/a) - 2.79%
#11	EDP-ENERGIAS DE PORTUGAL SA (n/a) - 2.25%	n/a (n/a) - 2.74%
#12	CHUBU ELECTRIC POWER CO INC (n/a) - 2.22%	n/a (n/a) - 2.45%
#13	CLEARWAY ENERGY INC CLASS C (CWEN) - 1.60%	n/a (n/a) - 1.92%
#14	ORSTED AS (n/a) - 1.55%	UNITED STATES TREASURY NOTES 3.875% (n/a) - 1.89%
#15	T1 ENERGY INC (TE) - 1.46%	UNITED STATES TREASURY NOTES 4.375% (n/a) - 1.89%
#16	ENLIGHT RENEWABLE ENERGY LTD (n/a) - 1.46%	CAD/USD PURCHASED (n/a) - 1.88%
#17	n/a (SHLS) - 1.25%	n/a (n/a) - 1.80%
#18	n/a (n/a) - 1.18%	UNITED STATES TREASURY NOTES 3.5% (n/a) - 1.67%
#19	DOOSAN FUEL CELL ORDINARY SHARES (n/a) - 1.11%	UNITED STATES TREASURY NOTES 4.875% (n/a) - 1.60%
#20	NORDEX SE AKT. NACH KAPITALHERABSETZUNG (n/a) - 1.02%	JAPAN (GOVERNMENT OF) 2.4% (n/a) - 1.53%
#21	n/a (n/a) - 0.94%	JAPAN (GOVERNMENT OF) 1% (n/a) - 1.52%
#22	n/a (n/a) - 0.89%	UNITED STATES TREASURY NOTES 2.75% (n/a) - 1.41%
#23	SOLARIA ENERGIA Y MEDIO AMBIENTE SA (n/a) - 0.87%	UNITED STATES TREASURY NOTES 0.625% (n/a) - 1.38%
#24	EDP RENEWABLES SA (n/a) - 0.87%	JAPAN (GOVERNMENT OF) 2.3% (n/a) - 1.37%
#25	ARRAY TECHNOLOGIES INC ORDINARY SHARES (ARRY) - 0.86%	JAPAN (GOVERNMENT OF) 2.2% (n/a) - 1.24%
Total Holdings	152	901

ICLN vs GGOV - Historical Returns

Returns include dividend reinvestment.

Period	ICLN	GGOV
1 month	-14.38%	-0.50%
3 months	-4.28%	+0.21%
6 months	+4.68%	+2.94%
1 year	+36.21%	-0.52%
5 years(CAGR)	-2.84%	N/A
10 years(CAGR)	+9.19%	N/A
Max(CAGR)	-3.70%	-0.61%

ICLN

-14.38%

Winner

GGOV

-0.50%

ICLN

-4.28%

Winner

GGOV

+0.21%

Winner

ICLN

+4.68%

GGOV

+2.94%

Winner

ICLN

+36.21%

GGOV

-0.52%

5Y(CAGR)

ICLN

-2.84%

GGOV

N/A

10Y(CAGR)

ICLN

+9.19%

GGOV

N/A

Max(CAGR)

ICLN

-3.70%

Winner

GGOV

-0.61%

ICLN vs GGOV - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	ICLN	GGOV
2026	+8.59%	+2.22%
2025	+44.25%	-2.81%
2024	-24.85%	N/A
2023	-19.49%	N/A
2022	-6.16%	N/A
2021	-25.35%	N/A
2020	+138.15%	N/A
2019	+43.31%	N/A
2018	-10.37%	N/A
2017	+20.11%	N/A
2016	-16.14%	N/A
2015	+3.07%	N/A
2014	-6.04%	N/A
2013	+44.46%	N/A
2012	-15.01%	N/A
2011	-44.77%	N/A
2010	-29.17%	N/A
2009	-0.11%	N/A
2008	-59.33%	N/A

ICLN vs GGOV 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 GGOV was -4.69%, occurring on Jan 20, 2026. This drawdown has not yet recovered.

The current ICLN drawdown is -49.41%. The current GGOV drawdown is -1.58%.

Rank	ICLN	GGOV
#1	-87.15% Jun 25, 2008 - Jul 25, 2012	-4.69% Oct 16, 2025 - Jan 20, 2026
#2	N/A	-0.68% Sep 8, 2025 - Oct 14, 2025
#3	N/A	-0.65% Jun 26, 2025 - Aug 1, 2025
#4	N/A	-0.59% Aug 7, 2025 - Aug 28, 2025
#5	N/A	-0.53% Aug 28, 2025 - Sep 8, 2025
#6	N/A	-0.19% Aug 1, 2025 - Aug 5, 2025
#7	N/A	-0.12% Aug 5, 2025 - Aug 7, 2025

Correlation

Correlation between ICLN and GGOV is -0.13 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.13

-101

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ICLN vs GGOV

ICLN vs GGOV - Performance Comparison

Key Characteristics

ICLN vs GGOV - Holdings Comparison

ICLN vs GGOV - Historical Returns

ICLN vs GGOV - Annual Returns (2008 - 2026)

ICLN vs GGOV Drawdown Comparison

Correlation

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