DLAG vs. QCLN
DLAG (FT Vest U.S. Equity Dual Directional Buffer ETF - August) and QCLN (First Trust NASDAQ Clean Edge Green Energy Index Fund) are both exchange-traded funds - DLAG 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. DLAG is actively managed, while QCLN is passively managed. A 0.68 correlation means they provide meaningful diversification when combined. DLAG charges 0.85%/yr vs 0.59%/yr for QCLN.
Performance
DLAG vs. QCLN - Performance Comparison
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Returns By Period
In the year-to-date period, DLAG achieves a 6.26% return, which is significantly lower than QCLN's 24.93% return.
DLAG
- 1D
- 0.17%
- 1M
- 1.25%
- 6M
- 5.38%
- YTD
- 6.26%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QCLN
- 1D
- -1.50%
- 1M
- -7.90%
- 6M
- 14.96%
- YTD
- 24.93%
- 1Y
- 61.00%
- 3Y*
- 1.54%
- 5Y*
- -2.98%
- 10Y*
- 14.82%
DLAG vs. QCLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DLAG FT Vest U.S. Equity Dual Directional Buffer ETF - August | 6.26% | 2.31% |
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 24.93% | 7.48% |
Correlation
The correlation between DLAG and QCLN is 0.68, 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 Sep 22, 2025 | 0.68 |
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Return for Risk
DLAG vs. QCLN — Risk / Return Rank
DLAG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QCLN
DLAG vs. QCLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Dual Directional Buffer ETF - August (DLAG) 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.
| DLAG | QCLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.99 | — |
| Martin ratioReturn relative to average drawdown | — | 9.61 | — |
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Drawdowns
DLAG vs. QCLN - Drawdown Comparison
The maximum DLAG drawdown since its inception was -4.23%, smaller than the maximum QCLN drawdown of -76.18%. Use the drawdown chart below to compare losses from any high point for DLAG and QCLN.
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Drawdown Indicators
| DLAG | QCLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.23% | -76.18% | +71.95% |
Max Drawdown (1Y)Largest decline over 1 year | — | -19.67% | — |
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 DrawdownCurrent decline from peak | 0.00% | -35.46% | +35.46% |
Average DrawdownAverage peak-to-trough decline | -0.53% | -43.37% | +42.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.12% | — |
Volatility
DLAG vs. QCLN - Volatility Comparison
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Volatility by Period
| DLAG | QCLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 17.67% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 31.80% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.31% | 39.06% | -32.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.31% | 38.81% | -32.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.31% | 35.35% | -29.04% |
DLAG vs. QCLN - Expense Ratio Comparison
DLAG has a 0.85% expense ratio, which is higher than QCLN's 0.59% expense ratio.
Dividends
DLAG vs. QCLN - Dividend Comparison
DLAG has not paid dividends to shareholders, while QCLN's dividend yield for the trailing twelve months is around 0.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLAG FT Vest U.S. Equity Dual Directional Buffer ETF - August | 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 | 0.15% | 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
DLAG and QCLN have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
QCLN is cheaper with a 0.59% expense ratio, compared with 0.85% for DLAG.
QCLN has the higher dividend yield at 0.15%, compared with 0.00% for DLAG.
DLAG is categorized as Defined Outcome, while QCLN is Alternative Energy Equities. Their fees differ too: 0.85% for DLAG and 0.59% for QCLN.
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