ECLN vs. SPY
Compare and contrast key facts about First Trust EIP Carbon Impact ETF (ECLN) and SPDR S&P 500 ETF (SPY).
ECLN and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ECLN or SPY.
Correlation
The correlation between ECLN and SPY is 0.55, 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. SPY - Performance Comparison
Key characteristics
ECLN:
2.03
SPY:
0.54
ECLN:
2.60
SPY:
0.89
ECLN:
1.38
SPY:
1.13
ECLN:
3.42
SPY:
0.58
ECLN:
10.24
SPY:
2.39
ECLN:
2.85%
SPY:
4.51%
ECLN:
14.40%
SPY:
20.07%
ECLN:
-32.28%
SPY:
-55.19%
ECLN:
-1.42%
SPY:
-10.54%
Returns By Period
In the year-to-date period, ECLN achieves a 6.50% return, which is significantly higher than SPY's -6.44% return.
ECLN
6.50%
1.43%
5.25%
27.67%
11.97%
N/A
SPY
-6.44%
-5.00%
-5.02%
9.54%
15.80%
11.95%
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ECLN vs. SPY - Expense Ratio Comparison
ECLN has a 0.97% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
ECLN vs. SPY — Risk-Adjusted Performance Rank
ECLN
SPY
ECLN vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust EIP Carbon Impact ETF (ECLN) and SPDR S&P 500 ETF (SPY). 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.
Dividends
ECLN vs. SPY - Dividend Comparison
ECLN's dividend yield for the trailing twelve months is around 2.55%, more than SPY's 1.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECLN First Trust EIP Carbon Impact ETF | 2.55% | 2.52% | 2.54% | 1.84% | 1.66% | 1.68% | 0.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.31% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
ECLN vs. SPY - Drawdown Comparison
The maximum ECLN drawdown since its inception was -32.28%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ECLN and SPY. For additional features, visit the drawdowns tool.
Volatility
ECLN vs. SPY - Volatility Comparison
The current volatility for First Trust EIP Carbon Impact ETF (ECLN) is 8.33%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.13%. This indicates that ECLN experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.