CAPS.L vs. QCLU.L

Last updated Jul 16, 2026

CAPS.L (First Trust Capital Strength UCITS ETF Acc) and QCLU.L (First Trust Nasdaq Clean Edge Green Energy UCITS ETF) are both exchange-traded funds - CAPS.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while QCLU.L is a Global Equities fund tracking the First Trust Nasdaq Clean Edge Green Energy UCITS ETF. Both are passively managed. Over the past 5 years, CAPS.L returned 6.16%/yr vs -2.40%/yr for QCLU.L. At a 0.24 correlation, their price movements are largely independent.

Performance

CAPS.L vs. QCLU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in First Trust Capital Strength UCITS ETF Acc (CAPS.L) and First Trust Nasdaq Clean Edge Green Energy UCITS ETF (QCLU.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CAPS.L is traded in GBp, while QCLU.L is traded in USD. To make them comparable, the QCLU.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, CAPS.L achieves a 4.08% return, which is significantly lower than QCLU.L's 21.34% return.

CAPS.L

• 1D: 0.00%
• 1M: 2.27%
• 6M: 1.17%
• YTD: 4.08%
• 1Y: 7.28%
• 3Y*: 8.79%
• 5Y*: 6.16%
• 10Y*: —

QCLU.L

• 1D: 0.00%
• 1M: -14.04%
• 6M: 10.83%
• YTD: 21.34%
• 1Y: 56.92%
• 3Y*: -1.74%
• 5Y*: -2.40%
• 10Y*: —

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

CAPS.L vs. QCLU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CAPS.L First Trust Capital Strength UCITS ETF Acc	4.08%	-0.65%	12.99%	2.23%	0.52%	-6.71%	11.84%
QCLU.L First Trust Nasdaq Clean Edge Green Energy UCITS ETF	21.34%	19.63%	-17.92%	-12.19%	-23.26%	-9.80%	14.23%

Correlation

The correlation between CAPS.L and QCLU.L is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020	0.24

The correlation between CAPS.L and QCLU.L shifts across timeframes, from -0.11 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CAPS.L vs. QCLU.L — Risk / Return Rank

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

CAPS.L

CAPS.L Risk / Return Rank: 46
CAPS.L Sharpe Ratio Rank: 9
CAPS.L Sortino Ratio Rank: 100
CAPS.L Omega Ratio Rank: 100
CAPS.L Calmar Ratio Rank: 10
CAPS.L Martin Ratio Rank: 11

QCLU.L

QCLU.L Risk / Return Rank: 57
QCLU.L Sharpe Ratio Rank: 55
QCLU.L Sortino Ratio Rank: 53
QCLU.L Omega Ratio Rank: 46
QCLU.L Calmar Ratio Rank: 68
QCLU.L Martin Ratio Rank: 61

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.

CAPS.L vs. QCLU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Capital Strength UCITS ETF Acc (CAPS.L) and First Trust Nasdaq Clean Edge Green Energy UCITS ETF (QCLU.L). 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.

	CAPS.L	QCLU.L	Difference
Sharpe ratio: Return per unit of total volatility	0.00	1.55	-1.55
Sortino ratio: Return per unit of downside risk	139.66	2.13	+137.53
Omega ratio: Gain probability vs. loss probability	77.47	1.25	+76.22
Calmar ratio: Return relative to maximum drawdown	0.07	2.76	-2.69
Martin ratio: Return relative to average drawdown	0.29	8.97	-8.68

CAPS.L vs. QCLU.L - Sharpe Ratio Comparison

The current CAPS.L Sharpe Ratio is 0.00, which is lower than the QCLU.L Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of CAPS.L and QCLU.L, 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

CAPS.L vs. QCLU.L - Drawdown Comparison

The maximum CAPS.L drawdown since its inception was -99.07%, which is greater than QCLU.L's maximum drawdown of -69.79%. Use the drawdown chart below to compare losses from any high point for CAPS.L and QCLU.L.

Drawdown Indicators

	CAPS.L	QCLU.L	Difference
Max Drawdown Largest peak-to-trough decline	-99.07%	-69.79%	-29.28%
Max Drawdown (1Y) Largest decline over 1 year	-99.02%	-21.90%	-77.12%
Max Drawdown (3Y) Largest decline over 3 years	-99.07%	-56.49%	-42.58%
Max Drawdown (5Y) Largest decline over 5 years	-99.07%	-68.66%	-30.41%
Current Drawdown Current decline from peak	-2.63%	-36.42%	+33.79%
Average Drawdown Average peak-to-trough decline	-12.90%	-27.01%	+14.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.17%	6.76%	+18.41%

Volatility

CAPS.L vs. QCLU.L - Volatility Comparison

The current volatility for First Trust Capital Strength UCITS ETF Acc (CAPS.L) is 3.75%, while First Trust Nasdaq Clean Edge Green Energy UCITS ETF (QCLU.L) has a volatility of 16.38%. This indicates that CAPS.L experiences smaller price fluctuations and is considered to be less risky than QCLU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CAPS.L	QCLU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.75%	16.38%	-12.63%
Volatility (6M) Calculated over the trailing 6-month period	7.95%	30.76%	-22.81%
Volatility (1Y) Calculated over the trailing 1-year period	13,922.66%	39.10%	+13,883.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6,238.45%	37.58%	+6,200.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5,478.19%	33.25%	+5,444.94%

Dividends

CAPS.L vs. QCLU.L - Dividend Comparison

Neither CAPS.L nor QCLU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CAPS.L and QCLU.L in my portfolio?

CAPS.L and QCLU.L have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between CAPS.L and QCLU.L?

CAPS.L is categorized as Large Cap Blend Equities, while QCLU.L is Global Equities. CAPS.L tracks Russell 1000 TR USD, while QCLU.L tracks First Trust Nasdaq Clean Edge Green Energy UCITS ETF.