ACES vs. QCLN
Compare and contrast key facts about ALPS Clean Energy ETF (ACES) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN).
ACES and QCLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ACES is a passively managed fund by SS&C that tracks the performance of the CIBC Atlas Clean Energy Index. It was launched on Jun 29, 2018. 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. Both ACES and QCLN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ACES or QCLN.
Key characteristics
| ACES | QCLN | |
|---|---|---|
| YTD Return | -22.51% | -19.12% |
| 1Y Return | -9.83% | -2.47% |
| 3Y Return (Ann) | -29.18% | -24.70% |
| 5Y Return (Ann) | -1.53% | 9.06% |
| Sharpe Ratio | -0.28 | -0.06 |
| Sortino Ratio | -0.17 | 0.18 |
| Omega Ratio | 0.98 | 1.02 |
| Calmar Ratio | -0.14 | -0.03 |
| Martin Ratio | -0.55 | -0.11 |
| Ulcer Index | 18.83% | 18.00% |
| Daily Std Dev | 36.71% | 35.46% |
| Max Drawdown | -73.33% | -76.18% |
| Current Drawdown | -71.46% | -60.93% |
Correlation
The correlation between ACES and QCLN is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ACES vs. QCLN - Performance Comparison
In the year-to-date period, ACES achieves a -22.51% return, which is significantly lower than QCLN's -19.12% 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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ACES vs. QCLN - Expense Ratio Comparison
ACES has a 0.55% expense ratio, which is lower than QCLN's 0.60% expense ratio.
Risk-Adjusted Performance
ACES vs. QCLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS Clean Energy ETF (ACES) 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
ACES vs. QCLN - Dividend Comparison
ACES's dividend yield for the trailing twelve months is around 1.28%, more than QCLN's 1.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACES ALPS Clean Energy ETF | 1.28% | 1.44% | 1.09% | 0.71% | 0.56% | 1.30% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 1.00% | 0.76% | 0.33% | 0.01% | 0.30% | 0.85% | 1.03% | 0.45% | 1.25% | 0.72% | 0.78% | 0.41% |
Drawdowns
ACES vs. QCLN - Drawdown Comparison
The maximum ACES drawdown since its inception was -73.33%, roughly equal to the maximum QCLN drawdown of -76.18%. Use the drawdown chart below to compare losses from any high point for ACES and QCLN. For additional features, visit the drawdowns tool.
Volatility
ACES vs. QCLN - Volatility Comparison
ALPS Clean Energy ETF (ACES) has a higher volatility of 9.73% compared to First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) at 8.30%. This indicates that ACES's price experiences larger fluctuations and is considered to be riskier than QCLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.