Three clean energy ETFs show strong gains amid oil price swings, each with unique focus and risk profiles.

WTI crude oil prices have seen significant volatility, peaking at $114.58 a barrel before settling near $100, which has increased investor interest in clean energy ETFs as alternatives. The iShares Global Clean Energy ETF (ICLN) offers broad global exposure with a focus on industrials and technology, gaining about 76% over the past year. The First Trust Nasdaq Clean Edge Green Energy Index Fund (QCLN) covers the entire U.S. clean tech value chain, including EV makers like Tesla, and posted the highest one-year return of roughly 94%. The ALPS Clean Energy ETF (ACES) focuses on North American clean energy companies with a higher utility allocation, gaining about 58% over the year but with the smallest asset base and liquidity. Each fund carries different geographic, sector, and concentration risks, appealing to varied investor preferences in the green transition space.