COP vs. QCLN
Compare and contrast key facts about ConocoPhillips Company (COP) 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: COP or QCLN.
Key characteristics
| COP | QCLN | |
|---|---|---|
| YTD Return | 12.10% | -25.25% |
| 1Y Return | 32.84% | -31.86% |
| 3Y Return (Ann) | 42.43% | -22.47% |
| 5Y Return (Ann) | 19.83% | 8.98% |
| 10Y Return (Ann) | 9.17% | 5.72% |
| Sharpe Ratio | 1.35 | -1.01 |
| Daily Std Dev | 22.78% | 33.75% |
| Max Drawdown | -70.66% | -76.18% |
| Current Drawdown | -2.55% | -63.89% |
Correlation
The correlation between COP and QCLN is 0.44, 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.
Performance
COP vs. QCLN - Performance Comparison
In the year-to-date period, COP achieves a 12.10% return, which is significantly higher than QCLN's -25.25% return. Over the past 10 years, COP has outperformed QCLN with an annualized return of 9.17%, while QCLN has yielded a comparatively lower 5.72% 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
COP vs. QCLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ConocoPhillips Company (COP) 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
COP vs. QCLN - Dividend Comparison
COP's dividend yield for the trailing twelve months is around 2.29%, more than QCLN's 0.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COP ConocoPhillips Company | 2.29% | 3.34% | 4.20% | 2.69% | 4.23% | 2.05% | 1.86% | 1.93% | 1.99% | 6.30% | 4.11% | 3.82% |
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 0.85% | 0.76% | 0.33% | 0.01% | 0.30% | 0.85% | 1.03% | 0.45% | 1.24% | 0.72% | 0.79% | 0.41% |
Drawdowns
COP vs. QCLN - Drawdown Comparison
The maximum COP drawdown since its inception was -70.66%, smaller than the maximum QCLN drawdown of -76.18%. Use the drawdown chart below to compare losses from any high point for COP and QCLN. For additional features, visit the drawdowns tool.
Volatility
COP vs. QCLN - Volatility Comparison
The current volatility for ConocoPhillips Company (COP) is 3.65%, while First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) has a volatility of 9.69%. This indicates that COP 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.