ABT vs. QCLN
Compare and contrast key facts about Abbott Laboratories (ABT) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN).
QCLN is a passively managed fund by First Trust that tracks the performance of the NASDAQ Clean Edge Green Energy. It was launched on Feb 8, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ABT or QCLN.
Key characteristics
| ABT | QCLN | |
|---|---|---|
| YTD Return | -1.07% | -14.58% |
| 1Y Return | -3.05% | -32.95% |
| 3Y Return (Ann) | -2.10% | -17.30% |
| 5Y Return (Ann) | 5.93% | 10.79% |
| 10Y Return (Ann) | 11.70% | 7.13% |
| Sharpe Ratio | -0.24 | -0.94 |
| Daily Std Dev | 18.57% | 35.15% |
| Max Drawdown | -45.62% | -76.18% |
| Current Drawdown | -20.17% | -58.74% |
Correlation
The correlation between ABT and QCLN is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ABT vs. QCLN - Performance Comparison
In the year-to-date period, ABT achieves a -1.07% return, which is significantly higher than QCLN's -14.58% return. Over the past 10 years, ABT has outperformed QCLN with an annualized return of 11.70%, while QCLN has yielded a comparatively lower 7.13% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
ABT vs. QCLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Abbott Laboratories (ABT) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
ABT vs. QCLN - Dividend Comparison
ABT's dividend yield for the trailing twelve months is around 2.01%, more than QCLN's 0.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABT Abbott Laboratories | 2.01% | 1.85% | 1.71% | 1.28% | 1.32% | 1.47% | 1.55% | 1.86% | 2.71% | 2.14% | 1.95% | 1.46% |
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 0.80% | 0.76% | 0.33% | 0.01% | 0.30% | 0.85% | 1.03% | 0.45% | 1.24% | 0.72% | 0.79% | 0.41% |
Drawdowns
ABT vs. QCLN - Drawdown Comparison
The maximum ABT drawdown since its inception was -45.62%, smaller than the maximum QCLN drawdown of -76.18%. Use the drawdown chart below to compare losses from any high point for ABT and QCLN. For additional features, visit the drawdowns tool.
Volatility
ABT vs. QCLN - Volatility Comparison
The current volatility for Abbott Laboratories (ABT) is 7.40%, while First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) has a volatility of 10.69%. This indicates that ABT experiences smaller price fluctuations and is considered to be less risky than QCLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.