ICLN’s worst drop since 2008 was 87%
iShares Global Clean Energy ETF (ICLN) fell 87% from Jun 2008 to Jul 2012. It has not closed above that Jun 2008 peak since, 18.3 years later. Over the same years the S&P 500 fell as much as 48%.
That drop ranks 10th deepest among the 203 ETFs PortfolioAutopsy tracks.
Drawdown from the last high, 2008 to now
How ICLN held up in each crash
| Crash | Years | ICLN | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | not trading yet | −55.2% |
| COVID crash | 2020 | −41.5% | −33.7% |
| 2022 rate shock | 2022 | −25.7% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
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What was ICLN’s maximum drawdown?
ICLN’s deepest fall since 2008 was 86.8%, from its high on June 26, 2008 to its low on July 25, 2012. The figure uses daily prices with dividends reinvested.
How long did ICLN take to recover?
It has not recovered yet. As of October 13, 2026 it sits 51.8% below that Jun 2008 high.
Was ICLN riskier than the S&P 500?
Over the same years, ICLN’s worst drop was 86.8% against 47.7% for the S&P 500 (SPY), and its worst 12 months were −57.7% against −29.1%.
Compare with
Daily adjusted closes from Yahoo Finance, June 26, 2008 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.