CTEC vs. QCLN
Compare and contrast key facts about Global X CleanTech ETF (CTEC) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN).
CTEC and QCLN 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. 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. Both CTEC and QCLN 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 QCLN.
Key characteristics
| CTEC | QCLN | |
|---|---|---|
| YTD Return | -17.24% | -21.06% |
| 1Y Return | -35.42% | -23.67% |
| 3Y Return (Ann) | -23.15% | -19.05% |
| Sharpe Ratio | -1.09 | -0.69 |
| Daily Std Dev | 32.65% | 33.79% |
| Max Drawdown | -70.89% | -76.18% |
| Current Drawdown | -68.76% | -61.87% |
Correlation
The correlation between CTEC and QCLN is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CTEC vs. QCLN - Performance Comparison
In the year-to-date period, CTEC achieves a -17.24% return, which is significantly higher than QCLN's -21.06% 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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CTEC vs. QCLN - Expense Ratio Comparison
CTEC has a 0.50% expense ratio, which is lower than QCLN's 0.60% expense ratio.
Risk-Adjusted Performance
CTEC vs. QCLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X CleanTech ETF (CTEC) 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
CTEC vs. QCLN - Dividend Comparison
CTEC's dividend yield for the trailing twelve months is around 0.62%, less than QCLN's 0.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTEC Global X CleanTech ETF | 0.62% | 0.51% | 0.25% | 0.39% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 0.80% | 0.76% | 0.33% | 0.01% | 0.30% | 0.85% | 1.03% | 0.45% | 1.24% | 0.72% | 0.79% | 0.41% |
Drawdowns
CTEC vs. QCLN - Drawdown Comparison
The maximum CTEC drawdown since its inception was -70.89%, smaller than the maximum QCLN drawdown of -76.18%. Use the drawdown chart below to compare losses from any high point for CTEC and QCLN. For additional features, visit the drawdowns tool.
Volatility
CTEC vs. QCLN - Volatility Comparison
Global X CleanTech ETF (CTEC) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) have volatilities of 9.97% and 9.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.