SETMvsICLNETF Comparison
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Sprott Energy Transition Materials ETF (SETM) and iShares Global Clean Energy ETF (ICLN) belong to the same industry segment: Alternative Energy. SETM's top 3 sector exposures are Non-Energy Materials, Energy and Industrials. In contrast, ICLN's top sector exposures are Industrials, Utilities and Technology. SETM is more expensive with a Total Expense Ratio (TER) of 0.65%, versus 0.38% for ICLN. SETM is down -13.34% year-to-date (YTD) with +$314M in YTD flows. ICLN performs better with -1.96% YTD performance, and +$281M in YTD flows. Run a side-by-side ETF comparison of SETM and ICLN 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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SETM vs ICLN performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/22/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SETM ICLN | -22.31%-7.78% | -16.13%-12.80% | -13.34%-1.96% | -2.08%-0.65% | +63.99%+26.41% | n/a-28.11% |
| Flows | SETM ICLN | -$32M+$105M | -$19M-$96M | +$314M+$281M | +$391M+$390M | +$509M-$855M | --$1.98B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SETM ICLN | +34.13%+25.15% | +38.91%+29.24% | +32.28%+24.49% | n/a+26.59% |
| Max drawdown | SETM ICLN | -30.35%-13.25% | -36.47%-32.10% | -41.59%-32.10% | n/a-56.66% |
| Max drawdown duration | SETM ICLN | 56d80d | 267d143d | 427d143d | n/a1817d |
Trading data
SETM | ICLN | |
Last sale 10/23/2026 at 1:30 PM | $24.57 | $16.02 |
| Previous close 10/22/2026 | $24.76 | $16.17 |
| Consolidated volume 10/22/2026 | ||
| 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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SETM | ICLN | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
SETM | ICLN | |
|---|---|---|
| Last price | $24.57 | $16.02 |
| 1D performance | -0.77% | -0.93% |
| AuM | $427.32 M | $2.03 B |
| E/R | 0.65% | 0.38% |
Characteristics
SETM | ICLN | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Sprott ETFs | iShares |
| Benchmark | Nasdaq Sprott Energy Transition Materials Index | S&P Global Clean Energy Transition Index |
| N° of holdings | 156 | 103 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 1, 2023 | June 24, 2008 |
| ESG | Yes | Yes |
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Exposure
Countries
SETM
Canada
32.82%
USA
23.59%
Australia
20.9%
Other
22.7%
ICLN
USA
35.79%
China
22.2%
Other
42.01%
Sectors
SETM
Non-Energy Materi.
74.57%
Energy
23.9%
Other
1.53%
ICLN
Industrials
49.97%
Utilities
40.84%
Other
9.2%
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Diversification
SETM
Total weight of top 15 holdings out of 15
54.75%
ICLN
Total weight of top 15 holdings out of 15
59.42%
Top 15 holdings
Data as of August 31, 2026
SETM
Freeport-McMoRan, Inc.
5.83%
National Atomic Company Kazatomprom JSC
5.21%
Cameco Corp.
4.43%
PLS Group Ltd.
4.21%
Lynas Rare Earths Ltd.
4.19%
Uranium Energy Corp.
3.45%
Teck Resources Limited
3.37%
Albemarle Corp.
3.33%
Compañía de Minas Buenaventura SAA
3.09%
Sociedad Quimica y Minera de Chile SA
3.03%
MP Materials Corp.
3.02%
Paladin Energy Ltd.
2.98%
First Majestic Silver Corp.
2.95%
Hecla Mining Co.
2.95%
Antofagasta Plc
2.71%
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%
Frequently asked questions about SETM and ICLN
How have the SETM and ICLN ETFs performed in 2026?
As of October 22, 2026, SETM is down -13.34% year-to-date (YTD), while ICLN has lost -1.96%. That puts ICLN better performer ahead so far this year.
Which ETF is attracting more investor money: SETM or ICLN?
Year-to-date, the SETM ETF saw +$314M in flows, compared to +$281M for ICLN.
Which ETF is more volatile: SETM or ICLN?
Over the past year, SETM had a volatility of 38.91%, while ICLN experienced 29.24%.
Which ETF is bigger: SETM or ICLN?
As of October 22, 2026, SETM holds $427.32 M in assets under management (AUM), while ICLN manages $2.03 B.
What sectors do the SETM and ICLN ETFs invest in?
SETM leans toward sectors like Non-Energy Materials and Energy. Meanwhile, ICLN focuses on Industrials and Utilities.
What are the top holdings of the SETM ETF and ICLN ETF?
SETM top holdings include Freeport-McMoRan, Inc., National Atomic Company Kazatomprom JSC and Cameco Corp.. ICLN holds in its top three: First Solar, Inc., China Yangtze Power Co., Ltd. and Bloom Energy Corp..
Which ETF is more diversified: SETM or ICLN?
SETM holds 156 securities with 54.75% of its assets in the top 15. ICLN has 103 securities and a top 15 weight of 59.42%.
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