Correlation
The correlation between ENLT and QCLN is 0.28, 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.
ENLT vs. QCLN
Compare and contrast key facts about Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN).
QCLN is a passively managed fund by First Trust that tracks the performance of the NASDAQ Clean Edge Green Energy. It was launched on Feb 8, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ENLT or QCLN.
Performance
ENLT vs. QCLN - Performance Comparison
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Key characteristics
ENLT:
0.43
QCLN:
-0.47
ENLT:
0.73
QCLN:
-0.55
ENLT:
1.09
QCLN:
0.94
ENLT:
0.30
QCLN:
-0.26
ENLT:
1.47
QCLN:
-1.12
ENLT:
9.40%
QCLN:
16.51%
ENLT:
40.81%
QCLN:
36.51%
ENLT:
-54.34%
QCLN:
-76.18%
ENLT:
-25.36%
QCLN:
-64.74%
Returns By Period
In the year-to-date period, ENLT achieves a 15.57% return, which is significantly higher than QCLN's -10.05% return.
ENLT
15.57%
22.12%
23.79%
17.51%
N/A
N/A
N/A
QCLN
-10.05%
7.85%
-13.05%
-17.15%
-18.11%
3.01%
5.23%
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Risk-Adjusted Performance
ENLT vs. QCLN — Risk-Adjusted Performance Rank
ENLT
QCLN
ENLT vs. QCLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) 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.
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Dividends
ENLT vs. QCLN - Dividend Comparison
ENLT has not paid dividends to shareholders, while QCLN's dividend yield for the trailing twelve months is around 1.03%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ENLT Enlight Renewable Energy Ltd. Ordinary Shares | 0.00% | 0.00% | 0.00% | 0.00% | 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 | 1.03% | 0.87% | 0.76% | 0.33% | 0.01% | 0.30% | 0.85% | 1.03% | 0.45% | 1.25% | 0.72% | 0.78% |
Drawdowns
ENLT vs. QCLN - Drawdown Comparison
The maximum ENLT drawdown since its inception was -54.34%, smaller than the maximum QCLN drawdown of -76.18%. Use the drawdown chart below to compare losses from any high point for ENLT and QCLN.
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Volatility
ENLT vs. QCLN - Volatility Comparison
Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) has a higher volatility of 13.23% compared to First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) at 10.27%. This indicates that ENLT's price experiences larger fluctuations and is considered to be riskier than QCLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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