Data as of Nov 4, 2026.
ACES vs ICLN: Holdings Overlap & Returns
Over the year to Nov 4, 2026, ACES returned −16.6% to ICLN's −2.3%; 18% of their weight is in the same names.
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Net assets: $109m on Aug 31, 2026 for ALPS Clean Energy ETF, and $2.1bn on Nov 4, 2026 for iShares Global Clean Energy ETF.
17% of ACES's weight is in S&P 500 companies and 83% is outside the index. Holdings as of Aug 31, 2026.
9% of ICLN's weight is in S&P 500 companies and 91% is outside the index. Holdings as of Nov 3, 2026.
Pair scorecard
ICLN costs 0.17 points a year less; their one-year returns differ by 14.3 points.
| Measure | ACES | ICLN |
|---|---|---|
| Return | ||
| Total return, 1 year | −16.6% | −2.3% |
| Drawdown | ||
| Below its all-time high | 70.7%, high on Feb 9, 2021 | 54.7%, high on Jun 25, 2008 |
| Benchmark | ||
| What it tracks | Clean energy | Clean energy |
| Cost and size | ||
| Expense ratio | 0.55% | 0.38% |
| Net assets, ACES as of Aug 31, 2026 and ICLN as of Nov 4, 2026 | $109m | $2.1bn |
| Holdings | ||
| Holdings in common | 18% | |
Risk and return
Jul 6, 2018 to Oct 30, 2026 · 434 weekly returnsFrom Jul 2018 to Oct 2026, ICLN returned more: +91.5% to +9.9%. ICLN swung less: 29.7% to 35.2%. ICLN fell less at its worst: −64.8% to −77.3%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | ACES | ICLN | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +9.9% | +91.5% | ICLN | Price change plus distributions, reinvested. |
| Annualized | +1.1% | +8.1% | ICLN | Total return as a yearly rate. |
| Price return | +1.0% | +72.4% | ICLN | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 35.2% | 29.7% | ICLN | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 24.5% | 20.2% | ICLN | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −77.3% | −64.8% | ICLN | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.13 | 0.32 | ICLN | Return above Treasury bills per unit of volatility. |
| Sortino | 0.19 | 0.47 | ICLN | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.01 | 0.12 | ICLN | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 434 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, ACES and ICLN hold 18% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.
half
18% in common
Only in one fund ↓
Window by window
| Total return | ||
|---|---|---|
| Window | ACES | ICLN |
| 3 months | −10.8% | −8.3% |
| 6 months | −22.6% | −21.9% |
| 1 year | −16.6% | −2.3% |
| 3 years | −10.6% | +27.1% |
| Since launchNot the same days: ACES Jun 2018 · ICLN Jun 2008 | +20.8% | −54.7% |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
18% of the two portfolios are the same securities at the same weight.
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ACES
By weight, 17% of ACES's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 57% of the fund across 36 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned −16.6% with distributions reinvested. It sits 70.7% below its all-time high of Feb 9, 2021.
ICLN
By weight, 9% of ICLN's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 52% of the fund across 106 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −2.3% with distributions reinvested. It sits 54.7% below its all-time high of Jun 25, 2008.
Questions people ask
- Do ACES and ICLN hold the same stocks?
- By their latest filings, 18% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, ACES against ICLN, data as of Nov 4, 2026. https://etfiq.com/compare/themes/aces-vs-icln
ETFIQ. (Nov 4, 2026). ACES against ICLN. Retrieved from https://etfiq.com/compare/themes/aces-vs-icln
[ACES against ICLN (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/aces-vs-icln)
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