ICLNvsNLRETF Comparison
VS
iShares Global Clean Energy ETF (ICLN) and VanEck Uranium+Nuclear Energy ETF (NLR) belong to the same industry segment: Alternative Energy. ICLN's top 3 sector exposures are Industrials, Utilities and Technology. In contrast, NLR's top sector exposures are Energy, Utilities and Industrials. ICLN is less expensive with a Total Expense Ratio (TER) of 0.39%, versus 0.52% for NLR. ICLN is up 12.43% year-to-date (YTD) with +$377M in YTD flows. NLR performs worse with -9.74% YTD performance, and +$976M in YTD flows. Run a side-by-side ETF comparison of ICLN and NLR below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
ICLN vs NLR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ICLN NLR | -10.97%-8.79% | -8.42%-24.08% | +12.43%-9.74% | +33.64%-2.52% | +2.75%+100.48% | -12.78%+140.43% |
| Flows | ICLN NLR | -$260M-$109M | +$276M+$38M | +$377M+$976M | +$515M+$2.59B | -$1.04B+$4.10B | -$1.70B+$4.13B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ICLN NLR | +36.49%+37.63% | +28.11%+38.00% | +24.31%+31.70% | +26.34%+26.90% |
| Max drawdown | ICLN NLR | -23.17%-29.50% | -23.17%-35.69% | -41.79%-35.69% | -56.66%-35.69% |
| Max drawdown duration | ICLN NLR | 51d78d | 51d176d | 911d176d | 1725d176d |
Trading data
ICLN | NLR | |
Last sale 7/24/2026 at 1:30 PM | $17.78 | $107.94 |
| Previous close 07/23/2026 | $18.37 | $111.41 |
| Consolidated volume 07/23/2026 | ||
| 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
Create an account to view replication metrics
Join for free
ICLN | NLR | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 7/24/2026 at 1:30 PM
Live
Closed
ICLN | NLR | |
|---|---|---|
| Last price | $17.78 | $107.94 |
| 1D performance | -3.21% | -3.12% |
| AuM | $2.42 B | $3.98 B |
| E/R | 0.39% | 0.52% |
Characteristics
ICLN | NLR | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | VanEck |
| Benchmark | S&P Global Clean Energy Transition Index | MVIS Global Uranium & Nuclear Energy Index |
| N° of holdings | 104 | 25 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 24, 2008 | August 13, 2007 |
| ESG | Yes | No |
Advertisement
Exposure
Countries
ICLN
USA
45.59%
China
18.15%
Other
36.26%
NLR
USA
51.95%
Canada
19.17%
Australia
7.33%
Other
21.56%
Sectors
ICLN
Industrials
56.7%
Utilities
33.46%
Technology
7.95%
Other
1.88%
NLR
Energy
39.99%
Utilities
30.17%
Industrials
25.07%
Other
4.77%
Advertisement
Diversification
ICLN
Total weight of top 15 holdings out of 15
63.9%
NLR
Total weight of top 15 holdings out of 15
82.89%
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%
NLR
Cameco Corp.
8.45%
Constellation Energy Corp.
8.31%
Public Service Enterprise Group, Inc.
7.12%
BWX Technologies, Inc.
6.52%
Fortum Oyj
5.61%
Oklo, Inc.
5.21%
NexGen Energy Ltd.
5.07%
Uranium Energy Corp.
5.02%
NuScale Power Corp.
4.82%
Denison Mines Corp.
4.81%
Centrus Energy Corp.
4.77%
Energy Fuels, Inc.
4.65%
National Atomic Company Kazatomprom JSC
4.33%
Paladin Energy Ltd.
4.28%
CGN Power Co., Ltd.
3.92%
Frequently asked questions about ICLN and NLR
How have the ICLN and NLR ETFs performed in 2026?
As of July 23, 2026, ICLN is up 12.43% year-to-date (YTD), while NLR has lost -9.74%. That puts ICLN better performer ahead so far this year.
Which ETF is attracting more investor money: ICLN or NLR?
Year-to-date, the ICLN ETF saw +$377M in flows, compared to +$976M for NLR.
Which ETF is more volatile: ICLN or NLR?
Over the past year, ICLN had a volatility of 28.11%, while NLR experienced 38%.
Which ETF is bigger: ICLN or NLR?
As of July 23, 2026, ICLN holds $2.42 B in assets under management (AUM), while NLR manages $3.98 B.
What sectors do the ICLN and NLR ETFs invest in?
ICLN leans toward sectors like Industrials, Utilities and Technology. Meanwhile, NLR focuses on Energy, Utilities and Industrials.
What are the top holdings of the ICLN ETF and NLR ETF?
ICLN top holdings include Bloom Energy Corp., First Solar, Inc. and Nextpower, Inc.. NLR holds in its top three: Cameco Corp., Constellation Energy Corp. and Public Service Enterprise Group, Inc..
Which ETF is more diversified: ICLN or NLR?
ICLN holds 104 securities with 63.9% of its assets in the top 15. NLR has 25 securities and a top 15 weight of 82.89%.
Advertisement
Latest news about ICLN & NLR
ETF Comparison: Sprott Uranium Miners ETF (URNM) Versus VanEck Uranium + Nuclear Energy ETF (NLR)
December 17, 2025
NLR
3 Thematic ETF Segments to Watch in 2025
February 4, 2025
NLR
Donald Trump’s Executive Orders: ETF Bulls and Bears
January 24, 2025
NLR
Advertisement
Donald Trump vs Kamala Harris: ETFs to Watch
November 1, 2024
ICLN
Donald Trump vs Kamala Harris: ETFs to Watch
November 1, 2024
ICLN
Advertisement
