ECLN vs. EVX
Compare and contrast key facts about First Trust EIP Carbon Impact ETF (ECLN) and VanEck Vectors Environmental Services ETF (EVX).
ECLN and EVX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ECLN is an actively managed fund by First Trust. It was launched on Aug 19, 2019. EVX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Environmental Services Index. It was launched on Oct 16, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ECLN or EVX.
Correlation
The correlation between ECLN and EVX is 0.54, 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
ECLN vs. EVX - Performance Comparison
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Key characteristics
ECLN:
1.57
EVX:
0.78
ECLN:
2.18
EVX:
1.21
ECLN:
1.32
EVX:
1.16
ECLN:
2.82
EVX:
0.94
ECLN:
8.35
EVX:
3.09
ECLN:
2.87%
EVX:
4.52%
ECLN:
14.53%
EVX:
17.66%
ECLN:
-32.28%
EVX:
-55.91%
ECLN:
0.00%
EVX:
-0.75%
Returns By Period
The year-to-date returns for both investments are quite close, with ECLN having a 8.53% return and EVX slightly higher at 8.56%.
ECLN
8.53%
3.55%
5.09%
22.60%
13.26%
N/A
EVX
8.56%
8.01%
3.79%
13.60%
18.73%
14.99%
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ECLN vs. EVX - Expense Ratio Comparison
ECLN has a 0.97% expense ratio, which is higher than EVX's 0.55% expense ratio.
Risk-Adjusted Performance
ECLN vs. EVX — Risk-Adjusted Performance Rank
ECLN
EVX
ECLN vs. EVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust EIP Carbon Impact ETF (ECLN) and VanEck Vectors Environmental Services ETF (EVX). 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.
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Dividends
ECLN vs. EVX - Dividend Comparison
ECLN's dividend yield for the trailing twelve months is around 2.51%, more than EVX's 0.43% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECLN First Trust EIP Carbon Impact ETF | 2.51% | 2.52% | 2.54% | 1.83% | 1.66% | 1.68% | 0.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EVX VanEck Vectors Environmental Services ETF | 0.43% | 0.46% | 0.95% | 0.41% | 0.24% | 0.33% | 0.44% | 0.38% | 0.89% | 0.70% | 1.16% | 1.58% |
Drawdowns
ECLN vs. EVX - Drawdown Comparison
The maximum ECLN drawdown since its inception was -32.28%, smaller than the maximum EVX drawdown of -55.91%. Use the drawdown chart below to compare losses from any high point for ECLN and EVX. For additional features, visit the drawdowns tool.
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Volatility
ECLN vs. EVX - Volatility Comparison
First Trust EIP Carbon Impact ETF (ECLN) and VanEck Vectors Environmental Services ETF (EVX) have volatilities of 4.60% and 4.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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