ECLN vs. KGRN

Last updated Apr 2, 2026

Compare and contrast key facts about First Trust EIP Carbon Impact ETF (ECLN) and KraneShares MSCI China Clean Technology Index ETF (KGRN).

ECLN and KGRN 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. KGRN is a passively managed fund by CICC that tracks the performance of the MSCI China IMI Environment 10/40 Index. It was launched on Oct 13, 2017.

Performance

ECLN vs. KGRN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust EIP Carbon Impact ETF (ECLN) and KraneShares MSCI China Clean Technology Index ETF (KGRN). The values are adjusted to include any dividend payments, if applicable.

ECLN vs. KGRN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ECLN First Trust EIP Carbon Impact ETF	13.79%	16.78%	22.60%	-3.36%	5.28%	12.26%	8.98%	5.66%
KGRN KraneShares MSCI China Clean Technology Index ETF	6.26%	21.45%	-1.11%	-14.75%	-40.45%	5.91%	138.49%	14.09%

Returns By Period

In the year-to-date period, ECLN achieves a 13.79% return, which is significantly higher than KGRN's 6.26% return.

ECLN

• 1D: 0.16%
• 1M: -0.73%
• YTD: 13.79%
• 6M: 13.18%
• 1Y: 23.76%
• 3Y*: 16.69%
• 5Y*: 12.60%
• 10Y*: —

KGRN

• 1D: 0.23%
• 1M: 4.75%
• YTD: 6.26%
• 6M: -10.52%
• 1Y: 12.62%
• 3Y*: 1.14%
• 5Y*: -6.28%
• 10Y*: —

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

ECLN vs. KGRN - Expense Ratio Comparison

ECLN has a 0.97% expense ratio, which is higher than KGRN's 0.79% expense ratio.

ECLN

First Trust EIP Carbon Impact ETF

KGRN

KraneShares MSCI China Clean Technology Index ETF

Return for Risk

ECLN vs. KGRN — Risk / Return Rank

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

ECLN

ECLN Risk / Return Rank: 87
ECLN Sharpe Ratio Rank: 87
ECLN Sortino Ratio Rank: 87
ECLN Omega Ratio Rank: 86
ECLN Calmar Ratio Rank: 87
ECLN Martin Ratio Rank: 89

KGRN

KGRN Risk / Return Rank: 25
KGRN Sharpe Ratio Rank: 25
KGRN Sortino Ratio Rank: 26
KGRN Omega Ratio Rank: 25
KGRN Calmar Ratio Rank: 29
KGRN Martin Ratio Rank: 21

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. KGRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust EIP Carbon Impact ETF (ECLN) and KraneShares MSCI China Clean Technology Index ETF (KGRN). 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	KGRN	Difference
Sharpe ratio Return per unit of total volatility	1.87	0.46	+1.41
Sortino ratio Return per unit of downside risk	2.48	0.82	+1.66
Omega ratio Gain probability vs. loss probability	1.36	1.11	+0.25
Calmar ratio Return relative to maximum drawdown	2.89	0.73	+2.16
Martin ratio Return relative to average drawdown	12.20	1.37	+10.83
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. KGRN - Sharpe Ratio Comparison

The current ECLN Sharpe Ratio is 1.87, which is higher than the KGRN Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of ECLN and KGRN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ECLN	KGRN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.87	0.46	+1.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.89	-0.18	+1.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.09	+0.61

Correlation

The correlation between ECLN and KGRN is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ECLN vs. KGRN - Dividend Comparison

ECLN's dividend yield for the trailing twelve months is around 1.80%, more than KGRN's 0.80% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ECLN First Trust EIP Carbon Impact ETF	1.80%	1.97%	2.52%	2.54%	1.72%	1.66%	1.68%	0.71%	0.00%
KGRN KraneShares MSCI China Clean Technology Index ETF	0.80%	0.85%	1.49%	0.74%	1.98%	0.41%	0.01%	5.88%	2.04%

Drawdowns

ECLN vs. KGRN - Drawdown Comparison

The maximum ECLN drawdown since its inception was -32.28%, smaller than the maximum KGRN drawdown of -66.24%. Use the drawdown chart below to compare losses from any high point for ECLN and KGRN.

Drawdown Indicators

	ECLN	KGRN	Difference
Max Drawdown Largest peak-to-trough decline	-32.28%	-66.24%	+33.96%
Max Drawdown (1Y) Largest decline over 1 year	-8.45%	-17.26%	+8.81%
Max Drawdown (5Y) Largest decline over 5 years	-19.88%	-63.60%	+43.72%
Current Drawdown Current decline from peak	-0.73%	-44.36%	+43.63%
Average Drawdown Average peak-to-trough decline	-5.07%	-33.73%	+28.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	9.20%	-7.20%

Volatility

ECLN vs. KGRN - Volatility Comparison

The current volatility for First Trust EIP Carbon Impact ETF (ECLN) is 2.82%, while KraneShares MSCI China Clean Technology Index ETF (KGRN) has a volatility of 7.19%. This indicates that ECLN experiences smaller price fluctuations and is considered to be less risky than KGRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ECLN	KGRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.82%	7.19%	-4.37%
Volatility (6M) Calculated over the trailing 6-month period	7.36%	17.57%	-10.21%
Volatility (1Y) Calculated over the trailing 1-year period	12.76%	27.60%	-14.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.16%	34.83%	-20.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.51%	33.05%	-15.54%