Overview
Clean energy worldwide — solar, wind, hydrogen and renewable utilities across ~138 companies, the sector's flagship fund through boom and bust.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| FSLR | First Solar | 7.8% |
| ENPH | Enphase Energy | 5.4% |
| VWS | Vestas Wind Systems | 5.1% |
| ORSTED | Orsted A/S | 4.6% |
| CEG | Constellation Energy | 4.2% |
| IBE | Iberdrola SA | 3.9% |
| NEE | NextEra Energy | 3.6% |
| EDPR | EDP Renovaveis | 2.9% |
| PLUG | Plug Power | 2.1% |
| 968 | Xinyi Solar | 1.9% |
Fund Details
Investment Thesis
After three years as the market's most punished theme, clean energy found its unexpected saviour: AI's bottomless power demand, which turns every renewable megawatt into a data-centre contract. ICLN's +18% year is the rerating off deeply washed-out levels. It remains policy-sensitive and volatile — but the buyer of last resort is now the hyperscaler, not the subsidy.
Who It's For
Energy-transition investors re-entering after the washout, with the AI-power-demand thesis as the new engine. Volatility scars included; size like a theme, not a core.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $8.54 | -- |
| 2017 | $10.33 | +21.0% |
| 2018 | $9.40 | -9.0% |
| 2019 | $13.54 | +44.0% |
| 2020 | $32.50 | +140.0% |
| 2021 | $24.70 | -24.0% |
| 2022 | $23.21 | -6.0% |
| 2023 | $18.34 | -21.0% |
| 2024 | $13.57 | -26.0% |
| 2025 | $15.20 | +12.0% |
| Year | Yield |
|---|---|
| 2016 | 2.40% |
| 2017 | 2.10% |
| 2018 | 2.40% |
| 2019 | 1.90% |
| 2020 | 0.80% |
| 2021 | 0.90% |
| 2022 | 1.30% |
| 2023 | 1.50% |
| 2024 | 1.40% |
| 2025 | 1.20% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $0.2B | -- |
| 2017 | $0.3B | +50.0% |
| 2018 | $0.3B | +0.0% |
| 2019 | $0.5B | +66.7% |
| 2020 | $4B | +700.0% |
| 2021 | $5.5B | +37.5% |
| 2022 | $5B | -9.1% |
| 2023 | $3B | -40.0% |
| 2024 | $1.8B | -40.0% |
| 2025 | $1.9B | +5.6% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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