DRIV vs. QCLN
Compare and contrast key facts about Global X Autonomous & Electric Vehicles ETF (DRIV) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN).
DRIV and QCLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DRIV is a passively managed fund by Global X that tracks the performance of the Solactive Autonomous & Electric Vehicles Index. It was launched on Apr 13, 2018. 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 DRIV 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: DRIV or QCLN.
Performance
DRIV vs. QCLN - Performance Comparison
Returns By Period
In the year-to-date period, DRIV achieves a -4.25% return, which is significantly higher than QCLN's -20.48% return.
DRIV
-4.25%
2.49%
-4.52%
2.08%
11.94%
N/A
QCLN
-20.48%
-1.51%
-5.62%
-8.47%
8.82%
7.14%
Key characteristics
| DRIV | QCLN | |
|---|---|---|
| Sharpe Ratio | 0.14 | -0.20 |
| Sortino Ratio | 0.34 | -0.05 |
| Omega Ratio | 1.04 | 1.00 |
| Calmar Ratio | 0.09 | -0.10 |
| Martin Ratio | 0.40 | -0.37 |
| Ulcer Index | 7.65% | 18.46% |
| Daily Std Dev | 22.18% | 34.55% |
| Max Drawdown | -39.24% | -76.18% |
| Current Drawdown | -24.25% | -61.59% |
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DRIV vs. QCLN - Expense Ratio Comparison
DRIV has a 0.68% expense ratio, which is higher than QCLN's 0.60% expense ratio.
Correlation
The correlation between DRIV and QCLN is 0.83, 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.
Risk-Adjusted Performance
DRIV vs. QCLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Autonomous & Electric Vehicles ETF (DRIV) 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
DRIV vs. QCLN - Dividend Comparison
DRIV's dividend yield for the trailing twelve months is around 1.74%, more than QCLN's 1.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRIV Global X Autonomous & Electric Vehicles ETF | 1.74% | 1.62% | 1.24% | 0.32% | 0.29% | 1.23% | 2.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 1.01% | 0.76% | 0.33% | 0.01% | 0.30% | 0.85% | 1.03% | 0.45% | 1.25% | 0.72% | 0.78% | 0.41% |
Drawdowns
DRIV vs. QCLN - Drawdown Comparison
The maximum DRIV drawdown since its inception was -39.24%, smaller than the maximum QCLN drawdown of -76.18%. Use the drawdown chart below to compare losses from any high point for DRIV and QCLN. For additional features, visit the drawdowns tool.
Volatility
DRIV vs. QCLN - Volatility Comparison
The current volatility for Global X Autonomous & Electric Vehicles ETF (DRIV) is 5.82%, while First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) has a volatility of 8.57%. This indicates that DRIV 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.