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.
Correlation
The correlation between CTEC and QCLN is 0.55, 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. QCLN - Performance Comparison
Key characteristics
CTEC:
-0.79
QCLN:
-0.25
CTEC:
-1.06
QCLN:
-0.12
CTEC:
0.88
QCLN:
0.99
CTEC:
-0.36
QCLN:
-0.13
CTEC:
-1.13
QCLN:
-0.62
CTEC:
26.02%
QCLN:
14.95%
CTEC:
37.22%
QCLN:
36.71%
CTEC:
-81.58%
QCLN:
-76.18%
CTEC:
-78.89%
QCLN:
-67.51%
Returns By Period
In the year-to-date period, CTEC achieves a -12.16% return, which is significantly higher than QCLN's -17.10% return.
CTEC
-12.16%
-5.85%
-20.47%
-28.36%
N/A
N/A
QCLN
-17.10%
-5.61%
-16.93%
-9.83%
4.78%
4.49%
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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 Rank
CTEC
QCLN
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 1.76%, more than QCLN's 1.12% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTEC Global X CleanTech ETF | 1.76% | 1.55% | 0.51% | 0.25% | 0.40% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 1.12% | 0.87% | 0.76% | 0.33% | 0.01% | 0.30% | 0.85% | 1.03% | 0.45% | 1.25% | 0.72% | 0.78% |
Drawdowns
CTEC vs. QCLN - Drawdown Comparison
The maximum CTEC drawdown since its inception was -81.58%, which is greater than QCLN's maximum 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
The current volatility for Global X CleanTech ETF (CTEC) is 16.83%, while First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) has a volatility of 18.89%. This indicates that CTEC 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.