ICLN vs IWM: Complete Comparison
iShares Global Clean Energy ETF vs iShares Russell 2000 ETF โ overlap, correlation, performance & risk analysis
Visual Overlap
Price Performance
Historical price comparison over 3M
๐Performance Comparison
โ ๏ธRisk Metrics
Interpretation:
- ๐ Lower volatility = smoother ride
- โก Higher Sharpe/Sortino = better risk-adjusted returns
- โ ๏ธ Smaller max drawdown = less worst-case pain
- ๐ Beta > 1 = more volatile than S&P 500
โ๏ธHead-to-Head Comparison
๐ IWM wins this comparison
Key Factors
โถAdditional Metrics (5)
Bottom line: IWM wins with better expense ratio and number of holdings. Consider IWM for your portfolio, but ICLN is still a solid choice if you prefer its specific advantages.
Detailed Overlap Analysis
9 shared holdings representing 1.8% portfolio overlap
Top Shared Holdings
| # | Stock | ICLN Weight | IWM Weight | Overlap |
|---|---|---|---|---|
| 1 | BE BE | 11.15% | 0.80% | 0.80% |
| 2 | NXT NXT | 6.62% | 0.44% | 0.44% |
| 3 | ORA ORA | 2.95% | 0.23% | 0.23% |
| 4 | RUN RUN | 1.27% | 0.13% | 0.13% |
| 5 | PLUG PLUG | 1.31% | 0.08% | 0.08% |
| 6 | SHLS SHLS | 0.65% | 0.05% | 0.05% |
| 7 | ARRY ARRY | 0.56% | 0.04% | 0.04% |
| 8 | REX REX | 0.39% | 0.03% | 0.03% |
| 9 | GPRE GPRE | 0.28% | 0.02% | 0.02% |
Overlap by Sector
Showing top 5 sectors by overlap contribution
Top Holdings Only in ICLN
Unique to ICLN
| Symbol | Name | Weight |
|---|---|---|
| FSLR | FSLR | 8.35% |
| ENPH | ENPH | 1.69% |
| CWEN | CWEN | 1.25% |
| SEDG | SEDG | 1.01% |
| BEPC | BEPC | 0.82% |
Top Holdings Only in IWM
Unique to IWM
| Symbol | Name | Weight |
|---|---|---|
| CRDO | CREDO TECHNOLOGY GROUP HOLDING LTD | 0.86% |
| FN | FABRINET | 0.62% |
| IONQ | IONQ INC | 0.51% |
| KTOS | KRATOS DEFENSE AND SECURITY SOLUTI | 0.44% |
| SATS | ECHOSTAR CORP CLASS A | 0.43% |
Price Correlation
How We Calculate Overlap
We use the minimum weight method with normalization to calculate portfolio overlap:
Overlap = ฮฃ min(weightA, weightB) for each shared holdingNormalization: Holdings weights are normalized to sum to 100% before comparison. This ensures accurate overlap calculations even when analyzing partial holdings data (e.g., top 50 positions).
Conservative approach: We consider only the smaller allocation for each shared position, giving you a realistic view of true portfolio overlap.
๐ This analysis is based on publicly available holdings data. For the most current and complete holdings information, please visit the official ETF provider websites.
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