FAN vs. SMOG
Compare and contrast key facts about First Trust Global Wind Energy ETF (FAN) and VanEck Low Carbon Energy ETF (SMOG).
FAN and SMOG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FAN is a passively managed fund by First Trust that tracks the performance of the ISE Clean Edge Global Wind Energy Index. It was launched on Jun 16, 2008. SMOG is a passively managed fund by VanEck that tracks the performance of the MVIS Global Low Carbon Energy Index. It was launched on May 3, 2007. Both FAN and SMOG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FAN vs. SMOG - Performance Comparison
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FAN vs. SMOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAN First Trust Global Wind Energy ETF | 20.86% | 40.38% | -8.96% | -3.20% | -13.12% | -11.63% | 61.16% | 31.22% | -11.40% | 16.30% |
SMOG VanEck Low Carbon Energy ETF | 7.05% | 33.36% | -9.33% | 1.42% | -29.92% | -2.75% | 118.38% | 38.86% | -10.18% | 22.69% |
Returns By Period
In the year-to-date period, FAN achieves a 20.86% return, which is significantly higher than SMOG's 7.05% return. Over the past 10 years, FAN has underperformed SMOG with an annualized return of 10.21%, while SMOG has yielded a comparatively higher 11.23% annualized return.
FAN
- 1D
- 3.78%
- 1M
- 1.10%
- YTD
- 20.86%
- 6M
- 29.13%
- 1Y
- 67.06%
- 3Y*
- 13.10%
- 5Y*
- 3.29%
- 10Y*
- 10.21%
SMOG
- 1D
- 4.10%
- 1M
- -2.17%
- YTD
- 7.05%
- 6M
- 10.90%
- 1Y
- 39.38%
- 3Y*
- 6.20%
- 5Y*
- -1.46%
- 10Y*
- 11.23%
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FAN vs. SMOG - Expense Ratio Comparison
FAN has a 0.62% expense ratio, which is higher than SMOG's 0.61% expense ratio.
Return for Risk
FAN vs. SMOG — Risk / Return Rank
FAN
SMOG
FAN vs. SMOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Wind Energy ETF (FAN) and VanEck Low Carbon Energy ETF (SMOG). 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.
| FAN | SMOG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.14 | 1.69 | +1.45 |
Sortino ratioReturn per unit of downside risk | 3.78 | 2.31 | +1.47 |
Omega ratioGain probability vs. loss probability | 1.54 | 1.31 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 6.05 | 2.96 | +3.09 |
Martin ratioReturn relative to average drawdown | 23.11 | 11.47 | +11.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FAN | SMOG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.14 | 1.69 | +1.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | -0.06 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.44 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.06 | -0.02 |
Correlation
The correlation between FAN and SMOG is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FAN vs. SMOG - Dividend Comparison
FAN's dividend yield for the trailing twelve months is around 1.03%, less than SMOG's 1.47% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAN First Trust Global Wind Energy ETF | 1.03% | 1.35% | 1.52% | 1.71% | 1.50% | 1.79% | 0.84% | 2.42% | 2.67% | 2.59% | 6.04% | 2.35% |
SMOG VanEck Low Carbon Energy ETF | 1.47% | 1.57% | 1.64% | 1.58% | 1.32% | 0.44% | 0.06% | 0.00% | 0.62% | 1.25% | 2.12% | 0.56% |
Drawdowns
FAN vs. SMOG - Drawdown Comparison
The maximum FAN drawdown since its inception was -79.84%, smaller than the maximum SMOG drawdown of -84.39%. Use the drawdown chart below to compare losses from any high point for FAN and SMOG.
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Drawdown Indicators
| FAN | SMOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.84% | -84.39% | +4.55% |
Max Drawdown (1Y)Largest decline over 1 year | -10.66% | -13.04% | +2.38% |
Max Drawdown (5Y)Largest decline over 5 years | -39.47% | -47.86% | +8.39% |
Max Drawdown (10Y)Largest decline over 10 years | -46.29% | -51.10% | +4.81% |
Current DrawdownCurrent decline from peak | 0.00% | -22.64% | +22.64% |
Average DrawdownAverage peak-to-trough decline | -45.45% | -52.81% | +7.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 3.37% | -0.58% |
Volatility
FAN vs. SMOG - Volatility Comparison
The current volatility for First Trust Global Wind Energy ETF (FAN) is 8.69%, while VanEck Low Carbon Energy ETF (SMOG) has a volatility of 10.07%. This indicates that FAN experiences smaller price fluctuations and is considered to be less risky than SMOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAN | SMOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.69% | 10.07% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 14.55% | 15.75% | -1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.50% | 23.40% | -1.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.26% | 25.27% | -4.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.98% | 25.66% | -4.68% |