DGJA vs. QCLN

Last updated Jul 2, 2026

DGJA (FT Vest U.S. Equity Buffer & Digital Return ETF - January) and QCLN (First Trust NASDAQ Clean Edge Green Energy Index Fund) are both exchange-traded funds - DGJA is a Defined Outcome fund actively managed by First Trust, while QCLN is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Green Energy Index. DGJA is actively managed, while QCLN is passively managed. A 0.62 correlation means they provide meaningful diversification when combined. DGJA charges 0.85%/yr vs 0.59%/yr for QCLN.

Performance

DGJA vs. QCLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Buffer & Digital Return ETF - January (DGJA) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DGJA

• 1D: 0.10%
• 1M: 0.31%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QCLN

• 1D: -2.72%
• 1M: -8.99%
• YTD: 33.80%
• 6M: 33.80%
• 1Y: 82.32%
• 3Y*: 5.75%
• 5Y*: -2.30%
• 10Y*: 15.96%

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

DGJA vs. QCLN - Yearly Performance Comparison

	2026 (YTD)
DGJA FT Vest U.S. Equity Buffer & Digital Return ETF - January	4.14%
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund	20.36%

Correlation

The correlation between DGJA and QCLN is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 20, 2026	0.62

Return for Risk

DGJA vs. QCLN — Risk / Return Rank

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

DGJA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

QCLN

QCLN Risk / Return Rank: 77
QCLN Sharpe Ratio Rank: 79
QCLN Sortino Ratio Rank: 67
QCLN Omega Ratio Rank: 64
QCLN Calmar Ratio Rank: 91
QCLN Martin Ratio Rank: 85

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.

DGJA vs. QCLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Buffer & Digital Return ETF - January (DGJA) 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.

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.

	DGJA	QCLN	Difference
Sharpe ratio: Return per unit of total volatility	—	2.17	—
Sortino ratio: Return per unit of downside risk	—	2.62	—
Omega ratio: Gain probability vs. loss probability	—	1.33	—
Calmar ratio: Return relative to maximum drawdown	—	5.05	—
Martin ratio: Return relative to average drawdown	—	15.12	—

Drawdowns

DGJA vs. QCLN - Drawdown Comparison

The maximum DGJA drawdown since its inception was -3.79%, smaller than the maximum QCLN drawdown of -76.18%. Use the drawdown chart below to compare losses from any high point for DGJA and QCLN.

Drawdown Indicators

	DGJA	QCLN	Difference
Max Drawdown Largest peak-to-trough decline	-3.79%	-76.18%	+72.39%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.40%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-56.08%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-69.49%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-71.73%	—
Current Drawdown Current decline from peak	0.00%	-30.88%	+30.88%
Average Drawdown Average peak-to-trough decline	-0.51%	-43.38%	+42.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.46%	—

Volatility

Volatility by Period

	DGJA	QCLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	18.65%	—
Volatility (6M) Calculated over the trailing 6-month period	—	30.78%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.57%	38.18%	-32.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.57%	38.64%	-33.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.57%	35.25%	-29.68%

DGJA vs. QCLN - Expense Ratio Comparison

DGJA has a 0.85% expense ratio, which is higher than QCLN's 0.59% expense ratio.

Dividends

DGJA vs. QCLN - Dividend Comparison

DGJA has not paid dividends to shareholders, while QCLN's dividend yield for the trailing twelve months is around 0.14%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGJA FT Vest U.S. Equity Buffer & Digital Return ETF - January	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund	0.14%	0.25%	0.87%	0.76%	0.33%	0.01%	0.30%	0.85%	1.03%	0.45%	1.24%	0.72%

Frequently Asked Questions

Can I hold both DGJA and QCLN in my portfolio?

DGJA and QCLN have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DGJA or QCLN?

On fees, QCLN is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DGJA or QCLN?

QCLN is cheaper with a 0.59% expense ratio, compared with 0.85% for DGJA.

Which ETF pays a higher dividend yield, DGJA or QCLN?

QCLN has the higher dividend yield at 0.14%, compared with 0.00% for DGJA.

What is the main difference between DGJA and QCLN?

DGJA is categorized as Defined Outcome, while QCLN is Alternative Energy Equities. Their fees differ too: 0.85% for DGJA and 0.59% for QCLN.