AMBA vs. QCLN
Compare and contrast key facts about Ambarella, Inc. (AMBA) 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: AMBA or QCLN.
Performance
AMBA vs. QCLN - Performance Comparison
Returns By Period
In the year-to-date period, AMBA achieves a 3.80% return, which is significantly higher than QCLN's -17.59% return. Over the past 10 years, AMBA has underperformed QCLN with an annualized return of 1.50%, while QCLN has yielded a comparatively higher 7.43% annualized return.
AMBA
3.80%
11.01%
26.94%
13.97%
1.86%
1.50%
QCLN
-17.59%
5.96%
-8.01%
-2.95%
9.68%
7.43%
Key characteristics
| AMBA | QCLN | |
|---|---|---|
| Sharpe Ratio | 0.32 | -0.09 |
| Sortino Ratio | 0.83 | 0.12 |
| Omega Ratio | 1.10 | 1.01 |
| Calmar Ratio | 0.19 | -0.05 |
| Martin Ratio | 0.86 | -0.16 |
| Ulcer Index | 17.95% | 18.60% |
| Daily Std Dev | 48.75% | 34.52% |
| Max Drawdown | -81.65% | -76.18% |
| Current Drawdown | -70.66% | -60.19% |
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Correlation
The correlation between AMBA and QCLN is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
AMBA vs. QCLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ambarella, Inc. (AMBA) 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
AMBA vs. QCLN - Dividend Comparison
AMBA has not paid dividends to shareholders, while QCLN's dividend yield for the trailing twelve months is around 0.98%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMBA Ambarella, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 0.98% | 0.76% | 0.33% | 0.01% | 0.30% | 0.85% | 1.03% | 0.45% | 1.25% | 0.72% | 0.78% | 0.41% |
Drawdowns
AMBA vs. QCLN - Drawdown Comparison
The maximum AMBA drawdown since its inception was -81.65%, which is greater than QCLN's maximum drawdown of -76.18%. Use the drawdown chart below to compare losses from any high point for AMBA and QCLN. For additional features, visit the drawdowns tool.
Volatility
AMBA vs. QCLN - Volatility Comparison
Ambarella, Inc. (AMBA) has a higher volatility of 13.39% compared to First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) at 7.98%. This indicates that AMBA'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.