ICLNvsACESETF Comparison
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iShares Global Clean Energy ETF (ICLN) and ALPS Clean Energy ETF (ACES) belong to the same industry segment: Alternative Energy. ICLN's top 3 sector exposures are Industrials, Utilities and Technology. In contrast, ACES's top sector exposures are Industrials, Utilities and Consumer Cyclicals. ICLN is less expensive with a Total Expense Ratio (TER) of 0.38%, versus 0.55% for ACES. ICLN is up 7.81% year-to-date (YTD) with +$107M in YTD flows. ACES performs worse with -6.79% YTD performance, and +$12M in YTD flows. Run a side-by-side ETF comparison of ICLN and ACES below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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ICLN vs ACES performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/03/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ICLN ACES | -2.33%-3.14% | -23.58%-27.29% | +7.81%-6.79% | +25.27%+5.17% | +16.61%-25.44% | -20.20%-55.42% |
| Flows | ICLN ACES | -$255M-$5M | -$416M+$2M | +$107M+$12M | +$233M+$13M | -$1.17B-$188M | -$2.04B-$323M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ICLN ACES | +34.94%+36.33% | +28.80%+34.81% | +24.54%+34.90% | +26.56%+36.67% |
| Max drawdown | ICLN ACES | -26.78%-29.04% | -28.47%-31.13% | -31.13%-50.49% | -56.66%-74.39% |
| Max drawdown duration | ICLN ACES | 92d92d | 93d93d | 631d985d | 1767d1767d |
Trading data
ICLN | ACES | |
Last sale 9/4/2026 at 1:30 PM | $17.77 | $30.25 |
| Previous close 09/03/2026 | $17.63 | $30.30 |
| Consolidated volume 09/03/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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ICLN | ACES | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/4/2026 at 1:30 PM
Live
Closed
ICLN | ACES | |
|---|---|---|
| Last price | $17.77 | $30.25 |
| 1D performance | +0.79% | -0.17% |
| AuM | $2.06 B | $110.45 M |
| E/R | 0.38% | 0.55% |
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Exposure
Countries
ICLN
USA
36.76%
China
22.42%
Other
40.81%
ACES
USA
83.76%
Canada
10.62%
Other
5.62%
Sectors
ICLN
Industrials
48.56%
Utilities
41.75%
Technology
7.31%
Other
2.39%
ACES
Industrials
33.06%
Utilities
28.88%
Consumer Cyclical.
12.82%
Non-Energy Materi.
8.84%
Other
16.41%
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Diversification
ICLN
Total weight of top 15 holdings out of 15
59.72%
ACES
Total weight of top 15 holdings out of 15
72.11%
Top 15 holdings
Data as of July 31, 2026
ICLN
China Yangtze Power Co., Ltd.
7.92%
First Solar, Inc.
7.85%
Nextpower, Inc.
7.54%
Bloom Energy Corp.
6.96%
Enphase Energy, Inc.
4.56%
Vestas Wind Systems A/S
3.65%
Equatorial SA
3.30%
Plug Power, Inc.
2.70%
EDP SA
2.68%
Chubu Electric Power Co., Inc.
2.46%
SolarEdge Technologies, Inc.
2.35%
Enlight Renewable Energy Ltd.
2.22%
Suzlon Energy Ltd.
2.00%
Clearway Energy, Inc.
1.91%
Ørsted A/S
1.62%
ACES
HA Sustainable Infrastructure Capital, Inc.
6.12%
Itron, Inc.
5.97%
Rivian Automotive, Inc.
5.82%
Brookfield Renewable Partners LP
5.61%
Northland Power, Inc.
5.58%
Clearway Energy, Inc.
4.99%
Tesla, Inc.
4.96%
Albemarle Corp.
4.73%
First Solar, Inc.
4.72%
Ormat Technologies, Inc.
4.36%
Nextpower, Inc.
4.27%
Enphase Energy, Inc.
4.19%
Plug Power, Inc.
3.92%
Boralex, Inc.
3.69%
The Andersons, Inc.
3.17%
Frequently asked questions about ICLN and ACES
How have the ICLN and ACES ETFs performed in 2026?
As of September 3, 2026, ICLN is up 7.81% year-to-date (YTD), while ACES has lost -6.79%. That puts ICLN better performer ahead so far this year.
Which ETF is attracting more investor money: ICLN or ACES?
Year-to-date, the ICLN ETF saw +$107M in flows, compared to +$12M for ACES.
Which ETF is more volatile: ICLN or ACES?
Over the past year, ICLN had a volatility of 28.8%, while ACES experienced 34.81%.
Which ETF is bigger: ICLN or ACES?
As of September 3, 2026, ICLN holds $2.06 B in assets under management (AUM), while ACES manages $110.45 M.
What sectors do the ICLN and ACES ETFs invest in?
ICLN leans toward sectors like Industrials, Utilities and Technology. Meanwhile, ACES focuses on Industrials, Utilities and Consumer Cyclicals.
What are the top holdings of the ICLN ETF and ACES ETF?
ICLN top holdings include China Yangtze Power Co., Ltd., First Solar, Inc. and Nextpower, Inc.. ACES holds in its top three: HA Sustainable Infrastructure Capital, Inc., Itron, Inc. and Rivian Automotive, Inc..
Which ETF is more diversified: ICLN or ACES?
ICLN holds 104 securities with 59.72% of its assets in the top 15. ACES has 38 securities and a top 15 weight of 72.11%.
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