EMDM vs. QCLN
EMDM (First Trust Bloomberg Emerging Market Democracies ETF) and QCLN (First Trust NASDAQ Clean Edge Green Energy Index Fund) are both exchange-traded funds - EMDM is a Emerging Markets Diversified fund tracking the Bloomberg Emerging Market Democracies Index - Benchmark TR Net, while QCLN is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Green Energy Index. Both are passively managed. Over the past 3 years, EMDM returned 30.82%/yr vs 8.84%/yr for QCLN. A 0.62 correlation means they provide meaningful diversification when combined. EMDM charges 0.75%/yr vs 0.59%/yr for QCLN.
Performance
EMDM vs. QCLN - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with EMDM having a 35.53% return and QCLN slightly higher at 37.20%.
EMDM
- 1D
- -5.54%
- 1M
- 3.57%
- YTD
- 35.53%
- 6M
- 38.16%
- 1Y
- 81.79%
- 3Y*
- 30.82%
- 5Y*
- —
- 10Y*
- —
QCLN
- 1D
- -6.27%
- 1M
- -3.52%
- YTD
- 37.20%
- 6M
- 31.57%
- 1Y
- 92.03%
- 3Y*
- 8.84%
- 5Y*
- -1.13%
- 10Y*
- 16.79%
EMDM vs. QCLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EMDM First Trust Bloomberg Emerging Market Democracies ETF | 35.53% | 59.68% | -4.93% | 14.75% |
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 37.20% | 31.81% | -18.86% | -19.43% |
Correlation
The correlation between EMDM and QCLN is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2023 | 0.62 |
The correlation between EMDM and QCLN has been stable across timeframes, ranging from 0.60 to 0.62 - a consistent structural relationship.
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Return for Risk
EMDM vs. QCLN — Risk / Return Rank
EMDM
QCLN
EMDM vs. QCLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Bloomberg Emerging Market Democracies ETF (EMDM) 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.
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.
| EMDM | QCLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.37 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 5.25 | 5.64 | -0.39 |
| Martin ratioReturn relative to average drawdown | 20.82 | 18.14 | +2.69 |
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Drawdowns
EMDM vs. QCLN - Drawdown Comparison
The maximum EMDM drawdown since its inception was -18.81%, smaller than the maximum QCLN drawdown of -76.18%. Use the drawdown chart below to compare losses from any high point for EMDM and QCLN.
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Drawdown Indicators
| EMDM | QCLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.81% | -76.18% | +57.37% |
Max Drawdown (1Y)Largest decline over 1 year | -15.65% | -16.40% | +0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -18.81% | -56.08% | +37.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -69.49% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -71.73% | — |
Current DrawdownCurrent decline from peak | -5.54% | -29.12% | +23.58% |
Average DrawdownAverage peak-to-trough decline | -4.06% | -43.40% | +39.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 5.09% | -1.15% |
Volatility
EMDM vs. QCLN - Volatility Comparison
The current volatility for First Trust Bloomberg Emerging Market Democracies ETF (EMDM) is 13.23%, while First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) has a volatility of 17.77%. This indicates that EMDM 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.
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Volatility by Period
| EMDM | QCLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.23% | 17.77% | -4.54% |
Volatility (6M)Calculated over the trailing 6-month period | 23.83% | 29.96% | -6.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.11% | 37.45% | -11.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.67% | 38.54% | -17.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.67% | 35.21% | -14.54% |
EMDM vs. QCLN - Expense Ratio Comparison
EMDM has a 0.75% expense ratio, which is higher than QCLN's 0.59% expense ratio.
Dividends
EMDM vs. QCLN - Dividend Comparison
EMDM's dividend yield for the trailing twelve months is around 2.63%, more than QCLN's 0.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMDM First Trust Bloomberg Emerging Market Democracies ETF | 2.63% | 3.57% | 5.87% | 2.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 0.16% | 0.25% | 0.87% | 0.76% | 0.33% | 0.01% | 0.30% | 0.85% | 1.03% | 0.45% | 1.24% | 0.72% |
Frequently Asked Questions
EMDM and QCLN have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QCLN has higher volatility (17.77%) compared to EMDM (13.23%). In terms of maximum drawdown, EMDM dropped -18.81% vs QCLN's -76.18%.
On 3-year performance, EMDM leads with 30.82% vs 8.84% for QCLN. On fees, QCLN is cheaper at 0.59% per year. On volatility, EMDM has been the lower-risk option at 13.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, EMDM has performed better with a 30.82% return vs 8.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QCLN is cheaper with a 0.59% expense ratio, compared with 0.75% for EMDM.
EMDM has the higher dividend yield at 2.63%, compared with 0.16% for QCLN.
EMDM is categorized as Emerging Markets Diversified, while QCLN is Alternative Energy Equities. EMDM tracks Bloomberg Emerging Market Democracies Index - Benchmark TR Net, while QCLN tracks Nasdaq Clean Edge Green Energy Index. Their fees differ too: 0.75% for EMDM and 0.59% for QCLN.
EMDM currently has the higher Sharpe Ratio (3.15 vs 2.47), 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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