BEDZ vs. QCLN

Last updated Jun 24, 2026

BEDZ (AdvisorShares Hotel ETF) and QCLN (First Trust NASDAQ Clean Edge Green Energy Index Fund) are both exchange-traded funds - BEDZ is a Consumer Discretionary Equities fund actively managed by AdvisorShares, while QCLN is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Green Energy Index. BEDZ is actively managed, while QCLN is passively managed. Over the past 5 years, BEDZ returned 8.91%/yr vs -1.13%/yr for QCLN. A 0.57 correlation means they provide meaningful diversification when combined. BEDZ charges 0.99%/yr vs 0.59%/yr for QCLN.

Performance

BEDZ vs. QCLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Hotel ETF (BEDZ) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BEDZ achieves a 10.82% return, which is significantly lower than QCLN's 37.20% return.

BEDZ

• 1D: 0.15%
• 1M: 9.56%
• YTD: 10.82%
• 6M: 8.96%
• 1Y: 24.44%
• 3Y*: 16.30%
• 5Y*: 8.91%
• 10Y*: —

QCLN

• 1D: -6.27%
• 1M: -3.52%
• YTD: 37.20%
• 6M: 31.57%
• 1Y: 92.03%
• 3Y*: 8.84%
• 5Y*: -1.13%
• 10Y*: 16.79%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BEDZ vs. QCLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BEDZ AdvisorShares Hotel ETF	10.82%	3.46%	18.31%	23.88%	-13.40%	7.95%
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund	37.20%	31.81%	-18.86%	-10.02%	-30.37%	8.17%

Correlation

The correlation between BEDZ and QCLN is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since Apr 21, 2021	0.57

Over the past year, the correlation between BEDZ and QCLN has dropped to 0.35 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.

BEDZ vs. QCLN - Sectors Allocation Comparison

Sectors	BEDZ	QCLN
Consumer Cyclical	52.0%	10.2%
Real Estate	38.2%	-
Industrials	3.9%	24.8%
Communication Services	1.5%	-
Basic Materials	-	7.8%
Consumer Defensive	-	-
Energy	-	0.1%
Financial Services	-	1.4%
Healthcare	-	-
Technology	-	47.6%
Utilities	-	8.1%

Return for Risk

BEDZ vs. QCLN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BEDZ

BEDZ Risk / Return Rank: 37
BEDZ Sharpe Ratio Rank: 36
BEDZ Sortino Ratio Rank: 38
BEDZ Omega Ratio Rank: 33
BEDZ Calmar Ratio Rank: 43
BEDZ Martin Ratio Rank: 34

QCLN

QCLN Risk / Return Rank: 78
QCLN Sharpe Ratio Rank: 81
QCLN Sortino Ratio Rank: 66
QCLN Omega Ratio Rank: 64
QCLN Calmar Ratio Rank: 91
QCLN Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BEDZ vs. QCLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Hotel ETF (BEDZ) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BEDZ	QCLN	Difference
Sharpe ratio: Return per unit of total volatility	1.20	2.47	-1.27
Sortino ratio: Return per unit of downside risk	1.86	2.90	-1.04
Omega ratio: Gain probability vs. loss probability	1.21	1.37	-0.16
Calmar ratio: Return relative to maximum drawdown	2.04	5.64	-3.61
Martin ratio: Return relative to average drawdown	4.78	18.14	-13.36

BEDZ vs. QCLN - Sharpe Ratio Comparison

The current BEDZ Sharpe Ratio is 1.20, which is lower than the QCLN Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of BEDZ and QCLN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BEDZ vs. QCLN - Drawdown Comparison

The maximum BEDZ drawdown since its inception was -29.70%, smaller than the maximum QCLN drawdown of -76.18%. Use the drawdown chart below to compare losses from any high point for BEDZ and QCLN.

Drawdown Indicators

	BEDZ	QCLN	Difference
Max Drawdown Largest peak-to-trough decline	-29.70%	-76.18%	+46.48%
Max Drawdown (1Y) Largest decline over 1 year	-12.06%	-16.40%	+4.34%
Max Drawdown (3Y) Largest decline over 3 years	-28.31%	-56.08%	+27.77%
Max Drawdown (5Y) Largest decline over 5 years	-29.70%	-69.49%	+39.79%
Max Drawdown (10Y) Largest decline over 10 years	—	-71.73%	—
Current Drawdown Current decline from peak	-0.92%	-29.12%	+28.20%
Average Drawdown Average peak-to-trough decline	-8.00%	-43.40%	+35.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.13%	5.09%	+0.04%

Volatility

BEDZ vs. QCLN - Volatility Comparison

The current volatility for AdvisorShares Hotel ETF (BEDZ) is 4.98%, while First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) has a volatility of 17.77%. This indicates that BEDZ 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.

Volatility by Period

	BEDZ	QCLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.98%	17.77%	-12.79%
Volatility (6M) Calculated over the trailing 6-month period	15.25%	29.96%	-14.71%
Volatility (1Y) Calculated over the trailing 1-year period	20.39%	37.45%	-17.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.89%	38.54%	-13.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.78%	35.21%	-10.43%

BEDZ vs. QCLN - Expense Ratio Comparison

BEDZ has a 0.99% expense ratio, which is higher than QCLN's 0.59% expense ratio.

Dividends

BEDZ vs. QCLN - Dividend Comparison

BEDZ's dividend yield for the trailing twelve months is around 2.08%, more than QCLN's 0.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BEDZ AdvisorShares Hotel ETF	2.08%	2.31%	0.00%	1.67%	0.21%	0.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund	0.16%	0.25%	0.87%	0.76%	0.33%	0.01%	0.30%	0.85%	1.03%	0.45%	1.24%	0.72%

Frequently Asked Questions

Can I hold both BEDZ and QCLN in my portfolio?

BEDZ and QCLN have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BEDZ or QCLN?

QCLN has higher volatility (17.77%) compared to BEDZ (4.98%). In terms of maximum drawdown, BEDZ dropped -29.70% vs QCLN's -76.18%.

Which ETF is better, BEDZ or QCLN?

On 5-year performance, BEDZ leads with 8.91% vs -1.13% for QCLN. On fees, QCLN is cheaper at 0.59% per year. On volatility, BEDZ has been the lower-risk option at 4.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BEDZ or QCLN?

Over the 5-year period, BEDZ has performed better with a 8.91% return vs -1.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BEDZ or QCLN?

QCLN is cheaper with a 0.59% expense ratio, compared with 0.99% for BEDZ.

Which ETF pays a higher dividend yield, BEDZ or QCLN?

BEDZ has the higher dividend yield at 2.08%, compared with 0.16% for QCLN.

What is the main difference between BEDZ and QCLN?

BEDZ is categorized as Consumer Discretionary Equities, while QCLN is Alternative Energy Equities. They also come from different issuers: AdvisorShares and First Trust. Their fees differ too: 0.99% for BEDZ and 0.59% for QCLN.

Which has better risk-adjusted returns?

QCLN currently has the higher Sharpe Ratio (2.47 vs 1.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.