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 0.39%, versus 0.55% for ACES. ICLN is up 10.93% year-to-date (YTD) with +$385M in YTD flows. ACES performs worse with -1.8% YTD performance, and +$10M 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 07/20/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ICLN ACES | -16.01%-13.93% | -7.18%-8.71% | +10.93%-1.80% | +33.43%+12.55% | +1.16%-33.05% | -12.27%-52.02% |
| Flows | ICLN ACES | -$253M-$2M | +$284M+$6M | +$385M+$10M | +$522M+$8M | -$1.05B-$195M | -$1.69B-$322M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ICLN ACES | +36.55%+38.28% | +28.12%+34.64% | +24.29%+34.74% | +26.35%+36.50% |
| Max drawdown | ICLN ACES | -23.17%-25.65% | -23.17%-25.65% | -41.82%-57.79% | -56.66%-74.39% |
| Max drawdown duration | ICLN ACES | 48d48d | 48d48d | 916d1096d | 1722d1722d |
Trading data
ICLN | ACES | |
Last sale 7/21/2026 at 3:43 PM | $18.51 | $32.45 |
| Previous close 07/20/2026 | $18.14 | $31.82 |
| Consolidated volume 07/20/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 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 | ||
| Worst | ||
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Main metrics
Last update 7/21/2026 at 3:43 PM
Live
Closed
ICLN | ACES | |
|---|---|---|
| Last price | $18.51 | $32.45 |
| 1D performance | +2.01% | +1.98% |
| AuM | $2.40 B | $113.97 M |
| E/R | 0.39% | 0.55% |
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Exposure
Countries
ICLN
USA
45.59%
China
18.15%
Other
36.26%
ACES
USA
85.31%
Canada
9.61%
Other
5.09%
Sectors
ICLN
Industrials
56.7%
Utilities
33.46%
Technology
7.95%
Other
1.88%
ACES
Industrials
36.16%
Utilities
26.81%
Consumer Cyclical.
13.11%
Non-Energy Materi.
8.26%
Other
15.65%
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Diversification
ICLN
Total weight of top 15 holdings out of 15
63.9%
ACES
Total weight of top 15 holdings out of 15
70.02%
Top 15 holdings
Data as of June 30, 2026
ICLN
Bloom Energy Corp.
14.75%
First Solar, Inc.
8.41%
Nextpower, Inc.
7.32%
China Yangtze Power Co., Ltd.
5.78%
Enphase Energy, Inc.
4.87%
Vestas Wind Systems A/S
3.11%
Plug Power, Inc.
2.85%
SolarEdge Technologies, Inc.
2.65%
Equatorial SA
2.56%
Suzlon Energy Ltd.
2.52%
EDP SA
2.25%
Chubu Electric Power Co., Inc.
2.22%
Clearway Energy, Inc.
1.60%
Ørsted A/S
1.55%
Enlight Renewable Energy Ltd.
1.46%
ACES
Tesla, Inc.
5.76%
Rivian Automotive, Inc.
5.69%
HA Sustainable Infrastructure Capital, Inc.
5.42%
Brookfield Renewable Partners LP
5.10%
Nextpower, Inc.
4.86%
Northland Power, Inc.
4.85%
Enphase Energy, Inc.
4.71%
Albemarle Corp.
4.66%
Clearway Energy, Inc.
4.61%
First Solar, Inc.
4.53%
Itron, Inc.
4.45%
Plug Power, Inc.
4.43%
Ormat Technologies, Inc.
4.18%
Sunrun, Inc.
3.65%
Boralex, Inc.
3.13%
Frequently asked questions about ICLN and ACES
How have the ICLN and ACES ETFs performed in 2026?
As of July 20, 2026, ICLN is up 10.93% year-to-date (YTD), while ACES has lost -1.8%. 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 +$385M in flows, compared to +$10M for ACES.
Which ETF is more volatile: ICLN or ACES?
Over the past year, ICLN had a volatility of 28.12%, while ACES experienced 34.64%.
Which ETF is bigger: ICLN or ACES?
As of July 20, 2026, ICLN holds $2.40 B in assets under management (AUM), while ACES manages $113.97 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 Bloom Energy Corp., First Solar, Inc. and Nextpower, Inc.. ACES holds in its top three: Tesla, Inc., Rivian Automotive, Inc. and HA Sustainable Infrastructure Capital, Inc..
Which ETF is more diversified: ICLN or ACES?
ICLN holds 104 securities with 63.9% of its assets in the top 15. ACES has 38 securities and a top 15 weight of 70.02%.
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