Is ICLN a good investment?

iShares Global Clean Energy ETF (ICLN) is a clean-energy ETF. As of September 11, 2026, ETF Copilot scores ICLN 3.9 out of 10 — highest on Growth (8.9), lowest on Risk (1.0). It trades at 22.3 times earnings, against its own median of 16.2. Its ten largest holdings are 51% of the fund.

Updated September 11, 2026

How is ICLN rated? ETF Copilot scores iShares Global Clean Energy ETF (ICLN) 3.9 out of 10

As of September 11, 2026, ETF Copilot scores iShares Global Clean Energy ETF (ICLN) 3.9 out of 10 overall.

ETF Copilot scores (0–10 scale, higher is better):

Overall: 3.9 / 10
Growth: 8.9 / 10
Valuation: 3.2 / 10
Risk: 1.0 / 10
Quality: 3.1 / 10
Return: 2.0 / 10

What is ICLN's expense ratio? 0.38% a year

As of September 11, 2026, ICLN charges 0.38% a year, yields 1.68% and holds $2.1B in assets across 120 positions.

iShares Global Clean Energy ETF (ICLN) — cost, income and size
Measure	ICLN
Expense ratio	0.38%
Dividend yield	1.68%
Assets under management	$2.1B
Holdings	120

Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.

What stands out in ICLN's data

Global clean energy stocks, from solar to wind and beyond.

Priced above its own history and the category norm — you pay more for each dollar of earnings.

Trailing EBITDA multiple of 14.9x sits above the category median of 14.7x and its own historical median of 12.3x. Top holdings concentration is 51.0%.

A thematic bet on the green energy transition, built around a tight set of holdings.

Why did ICLN move this week? It rose 1.6% in the week to September 11, 2026 — Bloom Energy and Doosan Fuel Cell drove it

ICLN rose 1.6% in the week to September 11, 2026. The holdings that moved it most were Bloom Energy (+17.1%), Doosan Fuel Cell (+26.5%) and CS Wind (+16.3%); Suzlon Energy (−5.2%) pushed the other way.

Is ICLN expensive right now? It trades at 22.3 times earnings, against its own median of 16.2

As of September 11, 2026, ICLN is more expensive than 86% of its own 114 monthly readings since 2017 — 98 of those months were cheaper than today.

Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.

What's inside ICLN?

What's inside ICLN: Size (Large 21%, Mid 46%, Small 33%); Geography (International 62%, US 38%); Tech 8.7%; Semiconductors 2.1%.

What are ICLN's top holdings? The ten largest are 51% of the fund

Bloom Energy, First Solar, China Yangtze Power, Nextpower, Vestas Wind Systems, Enphase Energy, Equatorial, Chubu Electric Power, Energias de Port and Plug Power are ICLN's largest holdings, in that order.

Less concentrated than 65% of Clean Energy ETFs.

Half of ICLN's weight sits in its 10 largest positions, and once those weights are taken into account it behaves like 28 equally weighted holdings.

Cite this

ETF Copilot, “iShares Global Clean Energy ETF (ICLN) scores and holdings analysis”, as of September 11, 2026.
https://etf-copilot.com/etf/icln