ECLN vs. FTSD
ECLN (First Trust EIP Carbon Impact ETF) and FTSD (Franklin Short Duration U.S. Government ETF) are both exchange-traded funds - ECLN is a Utilities Equities fund actively managed by First Trust, while FTSD is a Mortgage Backed Securities fund actively managed by Franklin Templeton. Both are actively managed. Over the past 5 years, ECLN returned 12.01%/yr vs 2.56%/yr for FTSD. At a 0.07 correlation, their price movements are largely independent. ECLN charges 0.97%/yr vs 0.25%/yr for FTSD.
Performance
ECLN vs. FTSD - Performance Comparison
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Returns By Period
In the year-to-date period, ECLN achieves a 12.96% return, which is significantly higher than FTSD's 1.03% return.
ECLN
- 1D
- 0.16%
- 1M
- -1.81%
- YTD
- 12.96%
- 6M
- 12.52%
- 1Y
- 19.24%
- 3Y*
- 17.40%
- 5Y*
- 12.01%
- 10Y*
- —
FTSD
- 1D
- 0.11%
- 1M
- 0.55%
- YTD
- 1.03%
- 6M
- 1.11%
- 1Y
- 4.17%
- 3Y*
- 5.02%
- 5Y*
- 2.56%
- 10Y*
- 2.07%
ECLN vs. FTSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ECLN First Trust EIP Carbon Impact ETF | 12.96% | 16.78% | 22.60% | -3.36% | 5.28% | 12.26% | 8.98% | 5.66% |
FTSD Franklin Short Duration U.S. Government ETF | 1.03% | 5.66% | 5.20% | 4.84% | -3.13% | -0.90% | 3.13% | 0.49% |
Correlation
The correlation between ECLN and FTSD is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2019 | 0.08 |
The correlation between ECLN and FTSD shifts across timeframes, from -0.10 (1 year) to 0.10 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ECLN vs. FTSD — Risk / Return Rank
ECLN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FTSD
ECLN vs. FTSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust EIP Carbon Impact ETF (ECLN) and Franklin Short Duration U.S. Government ETF (FTSD). 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.
| ECLN | FTSD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.64 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 4.33 | 9.28 | -4.95 |
| Martin ratioReturn relative to average drawdown | 11.59 | 35.89 | -24.30 |
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Drawdowns
ECLN vs. FTSD - Drawdown Comparison
The maximum ECLN drawdown since its inception was -32.28%, which is greater than FTSD's maximum drawdown of -5.32%. Use the drawdown chart below to compare losses from any high point for ECLN and FTSD.
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Drawdown Indicators
| ECLN | FTSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.28% | -5.32% | -26.96% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -0.45% | -4.57% |
Max Drawdown (3Y)Largest decline over 3 years | -14.68% | -0.93% | -13.75% |
Max Drawdown (5Y)Largest decline over 5 years | -19.88% | -4.96% | -14.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.32% | — |
Current DrawdownCurrent decline from peak | -2.96% | -0.10% | -2.86% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -0.60% | -4.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 0.12% | +1.75% |
Volatility
ECLN vs. FTSD - Volatility Comparison
First Trust EIP Carbon Impact ETF (ECLN) has a higher volatility of 3.75% compared to Franklin Short Duration U.S. Government ETF (FTSD) at 0.56%. This indicates that ECLN's price experiences larger fluctuations and is considered to be riskier than FTSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ECLN | FTSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 0.56% | +3.19% |
Volatility (6M)Calculated over the trailing 6-month period | 8.12% | 1.09% | +7.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.45% | 1.36% | +9.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 1.86% | +12.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.39% | 1.76% | +15.63% |
ECLN vs. FTSD - Expense Ratio Comparison
ECLN has a 0.97% expense ratio, which is higher than FTSD's 0.25% expense ratio.
Dividends
ECLN vs. FTSD - Dividend Comparison
ECLN has not paid dividends to shareholders, while FTSD's dividend yield for the trailing twelve months is around 4.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECLN First Trust EIP Carbon Impact ETF | 1.81% | 1.97% | 2.52% | 2.54% | 1.72% | 1.66% | 1.68% | 0.71% | 0.00% | 0.00% | 0.00% | 0.00% |
FTSD Franklin Short Duration U.S. Government ETF | 4.49% | 4.67% | 4.75% | 4.14% | 1.73% | 1.01% | 1.54% | 2.90% | 2.63% | 2.24% | 1.92% | 1.52% |
Frequently Asked Questions
ECLN and FTSD have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ECLN has higher volatility (3.75%) compared to FTSD (0.56%). In terms of maximum drawdown, ECLN dropped -32.28% vs FTSD's -5.32%.
On 5-year performance, ECLN leads with 12.01% vs 2.56% for FTSD. On fees, FTSD is cheaper at 0.25% per year. On volatility, FTSD has been the lower-risk option at 0.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ECLN has performed better with a 12.01% return vs 2.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTSD is cheaper with a 0.25% expense ratio, compared with 0.97% for ECLN.
FTSD has the higher dividend yield at 4.49%, compared with 1.81% for ECLN.
ECLN is categorized as Utilities Equities, while FTSD is Mortgage Backed Securities. They also come from different issuers: First Trust and Franklin Templeton. Their fees differ too: 0.97% for ECLN and 0.25% for FTSD.
FTSD currently has the higher Sharpe Ratio (3.09 vs 2.08), 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.
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