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ICLNvsNLRETF Comparison

ETF 1
ICLN

iShares Global Clean Energy ETF

This fund is part of
Alternative Energy
-0.12%
Full ICLN fund page
VS
ETF 2
NLR

VanEck Uranium+Nuclear Energy ETF

This fund is part of
Alternative Energy
-0.12%
Full NLR fund page

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 Utilities, Industrials and Information 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 0.56% for NLR. ICLN is up 12.83% year-to-date (YTD) with +$22M in YTD flows. NLR performs better with 14.26% YTD performance, and +$687M 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.

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ICLN vs NLR performance and flow charts

Performance

-8.0-6.0-4.0-2.00.02.04.0%Feb 11Feb 19Feb 26Mar 5

Cumulative Flows

0 M50 M100 M150 M200 MFeb 11Feb 19Feb 26Mar 5

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Historic performance and flows
Data as of 03/11/2026
1M3MYTD1Y3Y5Y
Perf.
ICLN
NLR
-2.54%-3.08%
+9.76%+5.28%
+12.83%+14.26%
+63.16%+93.04%
+0.84%+184.14%
-22.05%+213.22%
Flows
ICLN
NLR
+$47M+$199M
+$35M+$843M
+$22M+$687M
+$75M+$2.69B
-$1.82B+$3.81B
-$1.08B+$3.84B
Volatility and drawdown
3M1Y3Y5Y
Volatility
ICLN
NLR
+25.38%+41.80%
+23.12%+37.32%
+22.29%+29.49%
+25.68%+25.15%
Max drawdown
ICLN
NLR
-8.79%-16.12%
-10.55%-25.64%
-44.77%-29.79%
-56.66%-29.79%
Max drawdown duration
ICLN
NLR
14d42d
77d104d
1016d116d
1591d116d
Trading data

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ICLN
NLR
Last sale
3/11/2026 at 1:30 PM
$18.51
$141.12
Previous close
03/11/2026
$18.25
$142.87
Consolidated volume
03/11/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of February 27, 2026
1-year trailing difference

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ICLN
NLR
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 3/11/2026 at 1:30 PM
Live
Closed
ICLN
NLR
Last price
$18.51
$141.12
1D performance
+1.42%
-1.22%
AuM$2.16 B$4.77 B
E/R0.39%0.56%
Characteristics
ICLN
NLR
Management strategyPassivePassive
ProvideriSharesVanEck
BenchmarkS&P Global Clean Energy Transition IndexMVIS Global Uranium & Nuclear Energy Index
N° of holdings9023
Asset classEquitiesEquities
Trailing 12m distribution yield
Join
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Inception dateJune 24, 2008August 13, 2007
ESGYesYes
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Exposure

Countries

ICLN
USA
44.58%
China
17.32%
Brazil
7.97%
Spain
7.67%
Other
22.46%
NLR
USA
43.45%
Canada
26.59%
Australia
9.68%
Other
20.28%

Sectors

ICLN
Utilities
40.87%
Industrials
28.2%
Information Techn.
14.65%
Other
16.28%
NLR
Energy
47.04%
Utilities
23.52%
Industrials
14.96%
Other
14.48%
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Diversification

ICLN

Total weight of top 15 holdings out of 15

60.94%
NLR

Total weight of top 15 holdings out of 15

75.88%

Top 15 holdings

Data as of January 31, 2026
ICLN
BLOOM ENERGY CORP
10.56%
US65290E1010
9.94%
FIRST SOLAR
6.77%
IBERDROLA SA
5.47%
YANGTZE POWER
4.38%
ORMAT TECHNOLOGIES
3.56%
ENPHASE ENERGY
2.99%
EQUATORIAL ENERGIA
2.83%
VESTAS WIND SYSTEMS
2.68%
ENERGIAS DE PORTUGAL
2.15%
SUNRUN
2.05%
PLUG POWER
1.94%
ORSTED
1.91%
SUZLON ENERGY
1.88%
CLEARWAY ENERGY INC
1.84%
NLR
CAMECO
9.39%
DENISON MINES
5.80%
URANIUM ENERGY
5.33%
BWX TECHNOLOGIES INC
5.30%
NEXGEN ENERGY LTD
5.29%
CONSTELLATION ENERGY CORP
5.23%
US63253R2013
5.14%
PALADIN ENERGY
5.08%
ENERGY FUELS
4.51%
PUBLIC SRVCE ENT
4.37%
ALTC ACQUISITION
4.23%
CENTRUS ENERGY CORP
4.22%
CGN MINING
4.06%
CGN POWER CO LTD
4.02%
PG&E
3.91%
Frequently asked questions about ICLN and NLR

How have the ICLN and NLR ETFs performed in 2026?

As of March 11, 2026, ICLN is up 12.83% year-to-date (YTD), while NLR has returned 14.26%. That puts NLR better performer ahead so far this year.

Which ETF is attracting more investor money: ICLN or NLR?

Year-to-date, the ICLN ETF saw +$22M in flows, compared to +$687M for NLR.

Which ETF is more volatile: ICLN or NLR?

Over the past year, ICLN had a volatility of 23.12%, while NLR experienced 37.32%.

Which ETF is bigger: ICLN or NLR?

As of March 11, 2026, ICLN holds $2.16 B in assets under management (AUM), while NLR manages $4.77 B.

What sectors do the ICLN and NLR ETFs invest in?

ICLN leans toward sectors like Utilities, Industrials and Information 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, US65290E1010 and FIRST SOLAR. NLR holds in its top three: CAMECO, DENISON MINES and URANIUM ENERGY.

Which ETF is more diversified: ICLN or NLR?

ICLN holds 101 securities with 60.94% of its assets in the top 15. NLR has 25 securities and a top 15 weight of 75.88%.

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