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ECLN vs. QCLN
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between ECLN and QCLN is 0.42, 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.


-0.50.00.51.00.4

Performance

ECLN vs. QCLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust EIP Carbon Impact ETF (ECLN) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN). The values are adjusted to include any dividend payments, if applicable.

-10.00%-5.00%0.00%5.00%10.00%15.00%20.00%25.00%JulyAugustSeptemberOctoberNovemberDecember
15.50%
3.25%
ECLN
QCLN

Key characteristics

Sharpe Ratio

ECLN:

1.96

QCLN:

-0.49

Sortino Ratio

ECLN:

2.67

QCLN:

-0.52

Omega Ratio

ECLN:

1.35

QCLN:

0.94

Calmar Ratio

ECLN:

1.57

QCLN:

-0.25

Martin Ratio

ECLN:

8.93

QCLN:

-0.85

Ulcer Index

ECLN:

2.67%

QCLN:

19.23%

Daily Std Dev

ECLN:

12.16%

QCLN:

33.31%

Max Drawdown

ECLN:

-32.28%

QCLN:

-76.18%

Current Drawdown

ECLN:

-6.65%

QCLN:

-59.43%

Returns By Period

In the year-to-date period, ECLN achieves a 22.86% return, which is significantly higher than QCLN's -16.01% return.


ECLN

YTD

22.86%

1M

-5.84%

6M

14.56%

1Y

23.34%

5Y*

9.06%

10Y*

N/A

QCLN

YTD

-16.01%

1M

1.91%

6M

2.27%

1Y

-16.67%

5Y*

7.80%

10Y*

7.96%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


ECLN vs. QCLN - Expense Ratio Comparison

ECLN has a 0.97% expense ratio, which is higher than QCLN's 0.60% expense ratio.


ECLN
First Trust EIP Carbon Impact ETF
Expense ratio chart for ECLN: current value at 0.97% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.97%
Expense ratio chart for QCLN: current value at 0.60% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.60%

Risk-Adjusted Performance

ECLN vs. QCLN - Risk-Adjusted Performance Comparison

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


Sharpe ratio
The chart of Sharpe ratio for ECLN, currently valued at 1.96, compared to the broader market0.002.004.001.96-0.49
The chart of Sortino ratio for ECLN, currently valued at 2.67, compared to the broader market-2.000.002.004.006.008.0010.002.67-0.52
The chart of Omega ratio for ECLN, currently valued at 1.35, compared to the broader market0.501.001.502.002.503.001.350.94
The chart of Calmar ratio for ECLN, currently valued at 1.57, compared to the broader market0.005.0010.0015.001.57-0.25
The chart of Martin ratio for ECLN, currently valued at 8.93, compared to the broader market0.0020.0040.0060.0080.00100.008.93-0.85
ECLN
QCLN

The current ECLN Sharpe Ratio is 1.96, which is higher than the QCLN Sharpe Ratio of -0.49. The chart below compares the historical Sharpe Ratios of ECLN and QCLN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00JulyAugustSeptemberOctoberNovemberDecember
1.96
-0.49
ECLN
QCLN

Dividends

ECLN vs. QCLN - Dividend Comparison

ECLN's dividend yield for the trailing twelve months is around 2.52%, more than QCLN's 0.84% yield.


TTM20232022202120202019201820172016201520142013
ECLN
First Trust EIP Carbon Impact ETF
2.52%2.54%1.83%1.66%1.68%0.71%0.00%0.00%0.00%0.00%0.00%0.00%
QCLN
First Trust NASDAQ Clean Edge Green Energy Index Fund
0.84%0.76%0.33%0.01%0.30%0.85%1.03%0.45%1.25%0.72%0.78%0.41%

Drawdowns

ECLN vs. QCLN - Drawdown Comparison

The maximum ECLN drawdown since its inception was -32.28%, smaller than the maximum QCLN drawdown of -76.18%. Use the drawdown chart below to compare losses from any high point for ECLN and QCLN. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-6.65%
-59.43%
ECLN
QCLN

Volatility

ECLN vs. QCLN - Volatility Comparison

The current volatility for First Trust EIP Carbon Impact ETF (ECLN) is 3.71%, while First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) has a volatility of 9.40%. This indicates that ECLN 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.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%JulyAugustSeptemberOctoberNovemberDecember
3.71%
9.40%
ECLN
QCLN
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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