ECLN vs. ELFY

Last updated Jun 4, 2026

ECLN (First Trust EIP Carbon Impact ETF) and ELFY (ALPS Electrification Infrastructure ETF) are both Utilities Equities funds. ECLN is actively managed, while ELFY is passively managed. Over the past year, ECLN returned 19.15% vs 47.53% for ELFY. A 0.62 correlation means they provide meaningful diversification when combined. ECLN charges 0.97%/yr vs 0.50%/yr for ELFY.

Performance

ECLN vs. ELFY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust EIP Carbon Impact ETF (ECLN) and ALPS Electrification Infrastructure ETF (ELFY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ECLN achieves a 12.15% return, which is significantly lower than ELFY's 29.07% return.

ECLN

• 1D: -0.07%
• 1M: -2.95%
• YTD: 12.15%
• 6M: 10.16%
• 1Y: 19.15%
• 3Y*: 17.15%
• 5Y*: 11.85%
• 10Y*: —

ELFY

• 1D: -0.67%
• 1M: 3.53%
• YTD: 29.07%
• 6M: 26.90%
• 1Y: 47.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ECLN vs. ELFY - Yearly Performance Comparison

	2026 (YTD)	2025
ECLN First Trust EIP Carbon Impact ETF	12.15%	15.14%
ELFY ALPS Electrification Infrastructure ETF	29.07%	35.82%

Correlation

The correlation between ECLN and ELFY 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 (1Y) Calculated over the trailing 1-year period	0.62
Correlation (All Time) Calculated using the full available price history since Apr 11, 2025	0.62

The correlation between ECLN and ELFY has been stable across timeframes, ranging from 0.62 to 0.62 - a consistent structural relationship.

ECLN vs. ELFY - Sectors Allocation Comparison

Sectors	ECLN	ELFY
Utilities	76.4%	33.9%
Energy	16.3%	13.1%
Industrials	6.8%	31.3%
Technology	0.5%	18.1%
Basic Materials	-	3.6%
Communication Services	-	-
Consumer Cyclical	-	0.5%
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

ECLN vs. ELFY — Risk / Return Rank

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

ECLN

ECLN Risk / Return Rank: 59
ECLN Sharpe Ratio Rank: 53
ECLN Sortino Ratio Rank: 56
ECLN Omega Ratio Rank: 50
ECLN Calmar Ratio Rank: 76
ECLN Martin Ratio Rank: 59

ELFY

ELFY Risk / Return Rank: 79
ELFY Sharpe Ratio Rank: 77
ELFY Sortino Ratio Rank: 73
ELFY Omega Ratio Rank: 69
ELFY Calmar Ratio Rank: 90
ELFY Martin Ratio Rank: 86

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.

ECLN vs. ELFY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust EIP Carbon Impact ETF (ECLN) and ALPS Electrification Infrastructure ETF (ELFY). 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.

	ECLN	ELFY	Difference
Sharpe ratio Return per unit of total volatility	1.83	2.52	-0.69
Sortino ratio Return per unit of downside risk	2.68	3.33	-0.65
Omega ratio Gain probability vs. loss probability	1.32	1.42	-0.10
Calmar ratio Return relative to maximum drawdown	3.83	5.70	-1.87
Martin ratio Return relative to average drawdown	10.36	18.16	-7.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ECLN vs. ELFY - Sharpe Ratio Comparison

The current ECLN Sharpe Ratio is 1.83, which is comparable to the ELFY Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of ECLN and ELFY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ECLN	ELFY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	2.52	-0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	3.36	-2.69

Drawdowns

ECLN vs. ELFY - Drawdown Comparison

The maximum ECLN drawdown since its inception was -32.28%, which is greater than ELFY's maximum drawdown of -8.37%. Use the drawdown chart below to compare losses from any high point for ECLN and ELFY.

Drawdown Indicators

	ECLN	ELFY	Difference
Max Drawdown Largest peak-to-trough decline	-32.28%	-8.37%	-23.91%
Max Drawdown (1Y) Largest decline over 1 year	-5.02%	-8.37%	+3.35%
Max Drawdown (3Y) Largest decline over 3 years	-14.68%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.88%	—	—
Current Drawdown Current decline from peak	-3.65%	-0.67%	-2.98%
Average Drawdown Average peak-to-trough decline	-4.99%	-1.60%	-3.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	2.62%	-0.76%

Volatility

ECLN vs. ELFY - Volatility Comparison

The current volatility for First Trust EIP Carbon Impact ETF (ECLN) is 3.85%, while ALPS Electrification Infrastructure ETF (ELFY) has a volatility of 7.28%. This indicates that ECLN experiences smaller price fluctuations and is considered to be less risky than ELFY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ECLN	ELFY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.85%	7.28%	-3.43%
Volatility (6M) Calculated over the trailing 6-month period	8.15%	14.87%	-6.72%
Volatility (1Y) Calculated over the trailing 1-year period	10.51%	18.98%	-8.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.22%	18.99%	-4.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.41%	18.99%	-1.58%

ECLN vs. ELFY - Expense Ratio Comparison

ECLN has a 0.97% expense ratio, which is higher than ELFY's 0.50% expense ratio.

Dividends

ECLN vs. ELFY - Dividend Comparison

ECLN's dividend yield for the trailing twelve months is around 1.83%, more than ELFY's 0.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ECLN First Trust EIP Carbon Impact ETF	1.83%	1.97%	2.52%	2.54%	1.72%	1.66%	1.68%	0.71%
ELFY ALPS Electrification Infrastructure ETF	0.82%	0.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ECLN and ELFY in my portfolio?

ECLN and ELFY 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 is riskier, ECLN or ELFY?

ELFY has higher volatility (7.28%) compared to ECLN (3.85%). In terms of maximum drawdown, ECLN dropped -32.28% vs ELFY's -8.37%.

Which ETF is better, ECLN or ELFY?

On 1-year performance, ELFY leads with 47.53% vs 19.15% for ECLN. On fees, ELFY is cheaper at 0.50% per year. On volatility, ECLN has been the lower-risk option at 3.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ECLN or ELFY?

Over the 1-year period, ELFY has performed better with a 47.53% return vs 19.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ECLN or ELFY?

ELFY is cheaper with a 0.50% expense ratio, compared with 0.97% for ECLN.

Which ETF pays a higher dividend yield, ECLN or ELFY?

ECLN has the higher dividend yield at 1.83%, compared with 0.82% for ELFY.

What is the main difference between ECLN and ELFY?

They also come from different issuers: First Trust and ALPS. Their fees differ too: 0.97% for ECLN and 0.50% for ELFY.

Which has better risk-adjusted returns?

ELFY currently has the higher Sharpe Ratio (2.52 vs 1.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.