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 0.07% year-to-date (YTD) with +$281M in YTD flows. ACES performs worse with -20.28% YTD performance, and +$9M 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 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ICLN ACES | -5.66%-9.86% | -10.95%-20.11% | +0.07%-20.28% | -1.21%-27.66% | +20.77%-22.58% | -23.94%-61.72% |
| Flows | ICLN ACES | +$118M-$2M | -$134M-$766K | +$281M+$9M | +$388M+$10M | -$888M-$207M | -$1.94B-$347M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ICLN ACES | +25.35%+28.91% | +29.27%+33.83% | +24.58%+34.60% | +26.60%+36.67% |
| Max drawdown | ICLN ACES | -11.78%-20.74% | -30.70%-39.65% | -31.13%-44.10% | -56.66%-74.39% |
| Max drawdown duration | ICLN ACES | 87d66d | 136d136d | 631d658d | 1810d1810d |
Trading data
ICLN | ACES | |
Last sale 10/19/2026 at 1:30 PM | $16.26 | $25.50 |
| Previous close 10/16/2026 | $16.33 | $25.76 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 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 | ||
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
ICLN | ACES | |
|---|---|---|
| Last price | $16.26 | $25.50 |
| 1D performance | -0.43% | -1.01% |
| AuM | $2.07 B | $91.66 M |
| E/R | 0.38% | 0.55% |
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Exposure
Countries
ICLN
USA
35.79%
China
22.2%
Other
42.01%
ACES
USA
87.44%
Other
12.56%
Sectors
ICLN
Industrials
49.97%
Utilities
40.84%
Other
9.2%
ACES
Industrials
32.84%
Utilities
25.77%
Consumer Cyclical.
14.05%
Non-Energy Materi.
9.85%
Other
17.5%
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Diversification
ICLN
Total weight of top 15 holdings out of 15
59.42%
ACES
Total weight of top 15 holdings out of 15
75.63%
Top 15 holdings
Data as of August 31, 2026
ICLN
First Solar, Inc.
7.87%
China Yangtze Power Co., Ltd.
7.75%
Bloom Energy Corp.
7.09%
Nextpower, Inc.
6.53%
Vestas Wind Systems A/S
4.57%
Enphase Energy, Inc.
4.55%
Equatorial SA
3.13%
EDP SA
2.91%
Plug Power, Inc.
2.85%
Chubu Electric Power Co., Inc.
2.67%
Suzlon Energy Ltd.
2.06%
Enlight Renewable Energy Ltd.
2.06%
Clearway Energy, Inc.
1.96%
SolarEdge Technologies, Inc.
1.85%
Ørsted A/S
1.57%
ACES
HA Sustainable Infrastructure Capital, Inc.
6.69%
Rivian Automotive, Inc.
6.43%
Tesla, Inc.
6.16%
Itron, Inc.
6.08%
Brookfield Renewable Partners LP
5.69%
Albemarle Corp.
5.68%
Northland Power, Inc.
5.62%
Clearway Energy, Inc.
5.23%
Ormat Technologies, Inc.
4.77%
First Solar, Inc.
4.74%
Plug Power, Inc.
4.31%
Enphase Energy, Inc.
4.25%
Nextpower, Inc.
4.08%
The Andersons, Inc.
3.05%
Sunrun, Inc.
2.85%
Frequently asked questions about ICLN and ACES
How have the ICLN and ACES ETFs performed in 2026?
As of October 16, 2026, ICLN is up 0.07% year-to-date (YTD), while ACES has lost -20.28%. 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 +$281M in flows, compared to +$9M for ACES.
Which ETF is more volatile: ICLN or ACES?
Over the past year, ICLN had a volatility of 29.27%, while ACES experienced 33.83%.
Which ETF is bigger: ICLN or ACES?
As of October 16, 2026, ICLN holds $2.07 B in assets under management (AUM), while ACES manages $91.66 M.
What sectors do the ICLN and ACES ETFs invest in?
ICLN leans toward sectors like Industrials and Utilities. 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 First Solar, Inc., China Yangtze Power Co., Ltd. and Bloom Energy Corp.. ACES holds in its top three: HA Sustainable Infrastructure Capital, Inc., Rivian Automotive, Inc. and Tesla, Inc..
Which ETF is more diversified: ICLN or ACES?
ICLN holds 103 securities with 59.42% of its assets in the top 15. ACES has 37 securities and a top 15 weight of 75.63%.
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