CTEC vs. FAN

Last updated Jun 24, 2026

CTEC (Global X CleanTech ETF) and FAN (First Trust Global Wind Energy ETF) are both Alternative Energy Equities funds - CTEC tracks the Indxx Global CleanTech Index while FAN tracks the ISE Clean Edge Global Wind Energy Index. Both are passively managed. Over the past 5 years, CTEC returned -7.77%/yr vs 4.21%/yr for FAN. A 0.71 correlation means they provide meaningful diversification when combined. CTEC charges 0.50%/yr vs 0.62%/yr for FAN.

Performance

CTEC vs. FAN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X CleanTech ETF (CTEC) and First Trust Global Wind Energy ETF (FAN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CTEC achieves a 22.71% return, which is significantly higher than FAN's 20.47% return.

CTEC

• 1D: -6.61%
• 1M: -11.86%
• YTD: 22.71%
• 6M: 19.40%
• 1Y: 97.04%
• 3Y*: -1.56%
• 5Y*: -7.77%
• 10Y*: —

FAN

• 1D: -2.65%
• 1M: -5.81%
• YTD: 20.47%
• 6M: 20.15%
• 1Y: 38.86%
• 3Y*: 14.67%
• 5Y*: 4.21%
• 10Y*: 9.88%

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

CTEC vs. FAN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CTEC Global X CleanTech ETF	22.71%	57.85%	-36.35%	-25.60%	-16.82%	-22.19%	44.74%
FAN First Trust Global Wind Energy ETF	20.47%	40.38%	-8.96%	-3.20%	-13.12%	-11.63%	31.57%

Correlation

The correlation between CTEC and FAN is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Oct 29, 2020	0.71

The correlation between CTEC and FAN has been stable across timeframes, ranging from 0.65 to 0.71 - a consistent structural relationship.

CTEC vs. FAN - Sectors Allocation Comparison

Sectors	CTEC	FAN
Industrials	60.0%	41.3%
Technology	31.2%	-
Energy	24.8%	1.1%
Consumer Cyclical	3.9%	1.7%
Basic Materials	3.2%	0.3%
Utilities	1.7%	55.7%
Communication Services	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

CTEC vs. FAN — Risk / Return Rank

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

CTEC

CTEC Risk / Return Rank: 78
CTEC Sharpe Ratio Rank: 85
CTEC Sortino Ratio Rank: 71
CTEC Omega Ratio Rank: 70
CTEC Calmar Ratio Rank: 89
CTEC Martin Ratio Rank: 74

FAN

FAN Risk / Return Rank: 63
FAN Sharpe Ratio Rank: 61
FAN Sortino Ratio Rank: 57
FAN Omega Ratio Rank: 55
FAN Calmar Ratio Rank: 73
FAN Martin Ratio Rank: 67

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.

CTEC vs. FAN - Risk-Adjusted Trends 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.

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.

	CTEC	FAN	Difference
Sharpe ratio: Return per unit of total volatility	2.61	1.91	+0.70
Sortino ratio: Return per unit of downside risk	3.03	2.57	+0.46
Omega ratio: Gain probability vs. loss probability	1.39	1.32	+0.07
Calmar ratio: Return relative to maximum drawdown	5.03	3.51	+1.52
Martin ratio: Return relative to average drawdown	13.11	11.64	+1.47

CTEC vs. FAN - Sharpe Ratio Comparison

The current CTEC Sharpe Ratio is 2.61, which is higher than the FAN Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of CTEC and FAN, 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

CTEC vs. FAN - Drawdown Comparison

The maximum CTEC drawdown since its inception was -81.58%, roughly equal to the maximum FAN drawdown of -79.94%. Use the drawdown chart below to compare losses from any high point for CTEC and FAN.

Drawdown Indicators

	CTEC	FAN	Difference
Max Drawdown Largest peak-to-trough decline	-81.58%	-79.94%	-1.64%
Max Drawdown (1Y) Largest decline over 1 year	-19.39%	-11.13%	-8.26%
Max Drawdown (3Y) Largest decline over 3 years	-65.77%	-24.46%	-41.31%
Max Drawdown (5Y) Largest decline over 5 years	-76.46%	-38.45%	-38.01%
Max Drawdown (10Y) Largest decline over 10 years	—	-46.29%	—
Current Drawdown Current decline from peak	-53.45%	-9.44%	-44.01%
Average Drawdown Average peak-to-trough decline	-52.35%	-45.08%	-7.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.43%	3.35%	+4.08%

Volatility

CTEC vs. FAN - Volatility Comparison

Global X CleanTech ETF (CTEC) has a higher volatility of 16.15% compared to First Trust Global Wind Energy ETF (FAN) at 6.87%. 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.

Volatility by Period

	CTEC	FAN	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.15%	6.87%	+9.28%
Volatility (6M) Calculated over the trailing 6-month period	27.21%	15.93%	+11.28%
Volatility (1Y) Calculated over the trailing 1-year period	37.40%	20.41%	+16.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.94%	21.42%	+15.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.09%	20.96%	+17.13%

CTEC vs. FAN - Expense Ratio Comparison

CTEC has a 0.50% expense ratio, which is lower than FAN's 0.62% expense ratio.

Dividends

CTEC vs. FAN - Dividend Comparison

CTEC's dividend yield for the trailing twelve months is around 0.61%, less than FAN's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CTEC Global X CleanTech ETF	0.61%	0.75%	1.56%	0.51%	0.25%	0.39%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%
FAN First Trust Global Wind Energy ETF	1.03%	1.35%	1.52%	1.71%	1.50%	1.79%	0.84%	2.42%	2.67%	2.59%	6.04%	2.35%

Frequently Asked Questions

Can I hold both CTEC and FAN in my portfolio?

CTEC and FAN have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CTEC or FAN?

CTEC has higher volatility (16.15%) compared to FAN (6.87%). In terms of maximum drawdown, CTEC dropped -81.58% vs FAN's -79.94%.

Which ETF is better, CTEC or FAN?

On 5-year performance, FAN leads with 4.21% vs -7.77% for CTEC. On fees, CTEC is cheaper at 0.50% per year. On volatility, FAN has been the lower-risk option at 6.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CTEC or FAN?

Over the 5-year period, FAN has performed better with a 4.21% return vs -7.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CTEC or FAN?

CTEC is cheaper with a 0.50% expense ratio, compared with 0.62% for FAN.

Which ETF pays a higher dividend yield, CTEC or FAN?

FAN has the higher dividend yield at 1.03%, compared with 0.61% for CTEC.

What is the main difference between CTEC and FAN?

CTEC tracks Indxx Global CleanTech Index, while FAN tracks ISE Clean Edge Global Wind Energy Index. They also come from different issuers: Global X and First Trust. Their fees differ too: 0.50% for CTEC and 0.62% for FAN.

Which has better risk-adjusted returns?

CTEC currently has the higher Sharpe Ratio (2.61 vs 1.91), 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.