ELFY vs. ECLN

Last updated Aug 4, 2026

ELFY (ALPS Electrification Infrastructure ETF) and ECLN (First Trust EIP Carbon Impact ETF) are both exchange-traded funds - ELFY is a Infrastructure Equities fund tracking the Ladenburg Thalmann Electrification Infrastructure Index, while ECLN is a Utilities Equities fund actively managed by First Trust. ELFY is passively managed, while ECLN is actively managed. Their 0.57 correlation means they have sometimes moved together and sometimes differently. ELFY charges 0.50%/yr vs 0.97%/yr for ECLN.

Performance

ELFY vs. ECLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS Electrification Infrastructure ETF (ELFY) and First Trust EIP Carbon Impact ETF (ECLN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ELFY

• 1D: 1.43%
• 1M: -3.83%
• 6M: 9.13%
• YTD: 18.04%
• 1Y: 23.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 42.33%

ECLN

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ELFY ALPS Electrification Infrastructure ETF	$1.73M	$2.33M	$2.21M

ELFY vs. ECLN - Yearly Performance Comparison

	2026 (YTD)	2025
ELFY ALPS Electrification Infrastructure ETF	18.04%	34.72%
ECLN First Trust EIP Carbon Impact ETF	12.96%	14.31%

Correlation

The correlation between ELFY and ECLN is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.53
Correlation (All Time) Calculated using the full available price history since Apr 10, 2025	0.57

The correlation between ELFY and ECLN has been stable across timeframes, ranging from 0.53 to 0.57 - a consistent structural relationship.

ELFY vs. ECLN - Sectors Allocation Comparison

Sectors	ELFY	ECLN
Utilities	40.0%	56.7%
Industrials	26.0%	8.3%
Energy	16.0%	13.3%
Technology	12.8%	1.7%
Basic Materials	4.4%	-
Consumer Cyclical	0.6%	-
Financial Services	0.1%	-
Communication Services	-	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

ELFY vs. ECLN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ELFY

ELFY Risk / Return Rank: 46
ELFY Sharpe Ratio Rank: 45
ELFY Sortino Ratio Rank: 44
ELFY Omega Ratio Rank: 42
ELFY Calmar Ratio Rank: 48
ELFY Martin Ratio Rank: 53

ECLN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ELFY vs. ECLN - Risk-Adjusted Trends Comparison

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

	ELFY	ECLN	Difference
Sharpe ratio: Return per unit of total volatility	1.16	—	—
Sortino ratio: Return per unit of downside risk	1.66	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.76	—	—
Martin ratio: Return relative to average drawdown	6.40	—	—

Drawdowns

Drawdown Indicators

	ELFY	ECLN	Difference
Max Drawdown Largest peak-to-trough decline	-13.61%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.61%	—	—
Current Drawdown Current decline from peak	-9.16%	—	—
Average Drawdown Average peak-to-trough decline	-2.12%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.74%	—	—

Volatility

Volatility by Period

	ELFY	ECLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.75%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.01%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.80%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.06%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.06%	—	—

ELFY vs. ECLN - Expense Ratio Comparison

ELFY has a 0.50% expense ratio, which is lower than ECLN's 0.97% expense ratio.

Dividends

ELFY vs. ECLN - Dividend Comparison

ELFY's dividend yield for the trailing twelve months is around 1.04%, while ECLN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ECLN First Trust EIP Carbon Impact ETF	1.43%	1.97%	2.52%	2.54%	1.72%	1.66%	1.68%	0.71%
ELFY ALPS Electrification Infrastructure ETF	1.04%	0.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ELFY and ECLN in my portfolio?

ELFY and ECLN have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ELFY or ECLN?

On fees, ELFY is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ELFY or ECLN?

ELFY is cheaper with a 0.50% expense ratio, compared with 0.97% for ECLN.

Which ETF pays a higher dividend yield, ELFY or ECLN?

ECLN has the higher dividend yield at 1.43%, compared with 1.04% for ELFY.

What is the main difference between ELFY and ECLN?

ELFY is categorized as Infrastructure Equities, while ECLN is Utilities Equities. They also come from different issuers: ALPS and First Trust. Their fees differ too: 0.50% for ELFY and 0.97% for ECLN.