CTEC vs. FAN
Compare and contrast key facts about Global X CleanTech ETF (CTEC) and First Trust Global Wind Energy ETF (FAN).
CTEC and FAN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CTEC is a passively managed fund by Global X that tracks the performance of the Indxx Global CleanTech Index. It was launched on Oct 27, 2020. FAN is a passively managed fund by First Trust that tracks the performance of the ISE Clean Edge Global Wind Energy Index. It was launched on Jun 16, 2008. Both CTEC and FAN 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: CTEC or FAN.
Correlation
The correlation between CTEC and FAN is 0.60, 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
CTEC vs. FAN - Performance Comparison
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Key characteristics
CTEC:
-0.69
FAN:
0.03
CTEC:
-0.84
FAN:
0.19
CTEC:
0.91
FAN:
1.02
CTEC:
-0.31
FAN:
0.02
CTEC:
-0.91
FAN:
0.06
CTEC:
27.72%
FAN:
11.44%
CTEC:
37.56%
FAN:
21.46%
CTEC:
-81.58%
FAN:
-81.36%
CTEC:
-76.48%
FAN:
-30.51%
Returns By Period
In the year-to-date period, CTEC achieves a -2.14% return, which is significantly lower than FAN's 14.68% return.
CTEC
-2.14%
19.42%
-4.19%
-25.89%
-21.31%
N/A
N/A
FAN
14.68%
11.58%
9.31%
0.74%
-0.51%
7.15%
5.75%
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CTEC vs. FAN - Expense Ratio Comparison
CTEC has a 0.50% expense ratio, which is lower than FAN's 0.62% expense ratio.
Risk-Adjusted Performance
CTEC vs. FAN — Risk-Adjusted Performance Rank
CTEC
FAN
CTEC vs. FAN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X CleanTech ETF (CTEC) and First Trust Global Wind Energy ETF (FAN). 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.
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Dividends
CTEC vs. FAN - Dividend Comparison
CTEC's dividend yield for the trailing twelve months is around 1.58%, more than FAN's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTEC Global X CleanTech ETF | 1.58% | 1.55% | 0.51% | 0.25% | 0.40% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FAN First Trust Global Wind Energy ETF | 1.30% | 1.52% | 1.71% | 1.50% | 1.79% | 0.84% | 2.42% | 2.67% | 2.59% | 6.04% | 2.35% | 2.61% |
Drawdowns
CTEC vs. FAN - Drawdown Comparison
The maximum CTEC drawdown since its inception was -81.58%, roughly equal to the maximum FAN drawdown of -81.36%. Use the drawdown chart below to compare losses from any high point for CTEC and FAN. For additional features, visit the drawdowns tool.
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Volatility
CTEC vs. FAN - Volatility Comparison
Global X CleanTech ETF (CTEC) has a higher volatility of 9.51% compared to First Trust Global Wind Energy ETF (FAN) at 4.94%. This indicates that CTEC's price experiences larger fluctuations and is considered to be riskier than FAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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