iShares Global Clean Energy ETF (ICLN) is a clean-energy ETF. As of October 28, 2026, ETF Copilot scores ICLN 2.2 out of 10 — highest on Value (5.1), lowest on Risk (1.1). It trades at 18.7 times earnings, against its own median of 17.7. Its ten largest holdings are 52% of the fund.
What stands out in ICLN's data
Global clean energy stocks, from solar to wind and beyond.
Its expected growth trails most peers — the fund's payoff depends on a narrow set of holdings.
A growth estimate of 11% sits behind the category median of 22%, and its top ten holdings make up 51.1% of assets.
A thematic bet on the green energy transition, built around a tight set of holdings.
Why did ICLN move this week? It fell 4.5% in the week to October 28, 2026 — Axia Energia and Equatorial Energia drove it
ICLN fell 4.5% in the week to October 28, 2026. The holdings that moved it most were Axia Energia (−22.4%), Equatorial Energia (−34.0%) and Enphase Energy (−21.9%); Iberdrola (+1.4%) pushed the other way.
How is ICLN rated? ETF Copilot scores iShares Global Clean Energy ETF (ICLN) 2.2 out of 10
As of October 28, 2026, ETF Copilot scores iShares Global Clean Energy ETF (ICLN) 2.2 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 2.2 / 10
- Growth: 1.3 / 10
- Value: 5.1 / 10
- Risk: 1.1 / 10
- Quality: 3.0 / 10
- Return: 1.1 / 10
Is ICLN expensive right now? It trades at 18.7 times earnings, against its own median of 17.7
As of October 28, 2026, ICLN is more expensive than 57% of its own last 9 years.
Trailing 12 months, built from ICLN's holdings. How we calculate this →
What's inside ICLN?
What's inside ICLN: Size (Large 19%, Mid 57%, Small 24%); Geography (International 64%, US 36%); Tech 2.0%; Semiconductors 1.4%.
What are ICLN's top holdings? The ten largest are 52% of the fund
First Solar, Nextpower, Iberdrola, Bloom Energy, China Yangtze Power, Axia Energia, Equatorial, Vestas Wind Systems, Enphase Energy and Chubu Electric Power are ICLN's largest holdings, in that order.
Less concentrated than 66% 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.
What is ICLN's expense ratio? 0.38% a year
As of October 28, 2026, ICLN charges 0.38% a year, yields 1.20% and holds $2.0B in assets across 122 positions.
| Measure | ICLN |
|---|---|
| Expense ratio | 0.38% |
| Dividend yield | 1.20% |
| Assets under management | $2.0B |
| Holdings | 122 |
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.
Cite this
ETF Copilot, “iShares Global Clean Energy ETF (ICLN) scores and holdings analysis”, as of October 28, 2026.
https://etf-copilot.com/etf/icln
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