ICLNvsNLRETF Comparison
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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 0.38%, versus 0.52% for NLR. ICLN is up 11.64% year-to-date (YTD) with +$72M in YTD flows. NLR performs worse with -0.78% YTD performance, and +$890M 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
Cumulative Flows
Historic performance and flows
Data as of 09/08/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ICLN NLR | +1.32%+4.77% | -12.83%+1.82% | +11.64%-0.78% | +26.60%+3.22% | +23.70%+98.31% | -14.99%+149.55% |
| Flows | ICLN NLR | +$12M-$47M | -$573M-$232M | +$72M+$890M | +$198M+$2.13B | -$1.21B+$3.98B | -$2.07B+$4.04B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ICLN NLR | +32.74%+37.02% | +28.89%+39.14% | +24.59%+32.51% | +26.58%+27.56% |
| Max drawdown | ICLN NLR | -21.80%-19.34% | -28.47%-36.67% | -31.13%-36.67% | -56.66%-36.67% |
| Max drawdown duration | ICLN NLR | 78d80d | 98d224d | 631d224d | 1772d224d |
Trading data
ICLN | NLR | |
Last sale 9/10/2026 at 4:16 PM | $17.84 | $119.00 |
| Previous close 09/09/2026 | $18.01 | $122.95 |
| Consolidated volume 09/09/2026 | ||
| 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 | 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 9/10/2026 at 4:16 PM
Live
Closed
ICLN | NLR | |
|---|---|---|
| Last price | $17.84 | $119.00 |
| 1D performance | -0.94% | -3.21% |
| AuM | $2.10 B | $4.28 B |
| E/R | 0.38% | 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 |
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Exposure
Countries
ICLN
USA
36.76%
China
22.42%
Other
40.81%
NLR
USA
51.08%
Canada
18.8%
Australia
7.41%
Other
22.71%
Sectors
ICLN
Industrials
48.56%
Utilities
41.75%
Technology
7.31%
Other
2.39%
NLR
Energy
39.26%
Utilities
31.2%
Industrials
23.85%
Other
5.69%
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Diversification
ICLN
Total weight of top 15 holdings out of 15
59.72%
NLR
Total weight of top 15 holdings out of 15
83.33%
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%
NLR
Constellation Energy Corp.
9.13%
Cameco Corp.
7.79%
Public Service Enterprise Group, Inc.
7.24%
BWX Technologies, Inc.
6.17%
Fortum Oyj
5.91%
Centrus Energy Corp.
5.69%
NexGen Energy Ltd.
5.27%
Uranium Energy Corp.
4.88%
Denison Mines Corp.
4.87%
Paladin Energy Ltd.
4.61%
CGN Power Co., Ltd.
4.53%
National Atomic Company Kazatomprom JSC
4.45%
Oklo, Inc.
4.39%
NuScale Power Corp.
4.37%
Energy Fuels, Inc.
4.04%
Frequently asked questions about ICLN and NLR
How have the ICLN and NLR ETFs performed in 2026?
As of September 8, 2026, ICLN is up 11.64% year-to-date (YTD), while NLR has lost -0.78%. 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 +$72M in flows, compared to +$890M for NLR.
Which ETF is more volatile: ICLN or NLR?
Over the past year, ICLN had a volatility of 28.89%, while NLR experienced 39.14%.
Which ETF is bigger: ICLN or NLR?
As of September 8, 2026, ICLN holds $2.10 B in assets under management (AUM), while NLR manages $4.28 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 China Yangtze Power Co., Ltd., First Solar, Inc. and Nextpower, Inc.. NLR holds in its top three: Constellation Energy Corp., Cameco Corp. and Public Service Enterprise Group, Inc..
Which ETF is more diversified: ICLN or NLR?
ICLN holds 104 securities with 59.72% of its assets in the top 15. NLR has 25 securities and a top 15 weight of 83.33%.
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