FCO2.DE vs. JMLP.DE
FCO2.DE (HANetf SparkChange Physical Carbon EUA ETC) and JMLP.DE (HANetf Alerian Midstream Energy Dividend UCITS ETF) are both exchange-traded funds - FCO2.DE is a Commodities fund tracking the EU Carbon Emission Allowances (EUA), while JMLP.DE is a Energy Equities fund tracking the Alerian Midstream Energy Dividend. Both are passively managed. Over the past 3 years, FCO2.DE returned -3.01%/yr vs 24.31%/yr for JMLP.DE. At a 0.04 correlation, their price movements are largely independent. FCO2.DE charges 0.89%/yr vs 0.40%/yr for JMLP.DE.
Performance
FCO2.DE vs. JMLP.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FCO2.DE achieves a -10.46% return, which is significantly lower than JMLP.DE's 27.39% return.
FCO2.DE
- 1D
- -2.02%
- 1M
- 2.15%
- YTD
- -10.46%
- 6M
- -8.03%
- 1Y
- 4.93%
- 3Y*
- -3.01%
- 5Y*
- —
- 10Y*
- —
JMLP.DE
- 1D
- -1.02%
- 1M
- 3.28%
- YTD
- 27.39%
- 6M
- 23.64%
- 1Y
- 25.58%
- 3Y*
- 24.31%
- 5Y*
- 23.96%
- 10Y*
- —
FCO2.DE vs. JMLP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FCO2.DE HANetf SparkChange Physical Carbon EUA ETC | -10.46% | 20.70% | -11.00% | -5.14% | -0.32% |
JMLP.DE HANetf Alerian Midstream Energy Dividend UCITS ETF | 27.39% | -5.93% | 44.53% | 15.63% | -6.03% |
Correlation
The correlation between FCO2.DE and JMLP.DE is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2022 | 0.04 |
The correlation between FCO2.DE and JMLP.DE shifts across timeframes, from -0.06 (1 year) to 0.05 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FCO2.DE vs. JMLP.DE — Risk / Return Rank
FCO2.DE
JMLP.DE
FCO2.DE vs. JMLP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf SparkChange Physical Carbon EUA ETC (FCO2.DE) and HANetf Alerian Midstream Energy Dividend UCITS ETF (JMLP.DE). 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.
| FCO2.DE | JMLP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.22 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 2.22 | -2.06 |
| Martin ratioReturn relative to average drawdown | 0.41 | 6.04 | -5.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FCO2.DE | JMLP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.19 | 1.30 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 1.35 | -1.42 |
Drawdowns
FCO2.DE vs. JMLP.DE - Drawdown Comparison
The maximum FCO2.DE drawdown since its inception was -48.49%, which is greater than JMLP.DE's maximum drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for FCO2.DE and JMLP.DE.
Loading charts...
Drawdown Indicators
| FCO2.DE | JMLP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.49% | -22.29% | -26.20% |
Max Drawdown (1Y)Largest decline over 1 year | -31.46% | -11.02% | -20.44% |
Max Drawdown (3Y)Largest decline over 3 years | -45.60% | -22.29% | -23.31% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.29% | — |
Current DrawdownCurrent decline from peak | -24.40% | -5.15% | -19.25% |
Average DrawdownAverage peak-to-trough decline | -23.38% | -5.87% | -17.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.41% | 4.05% | +8.36% |
Volatility
FCO2.DE vs. JMLP.DE - Volatility Comparison
The current volatility for HANetf SparkChange Physical Carbon EUA ETC (FCO2.DE) is 5.99%, while HANetf Alerian Midstream Energy Dividend UCITS ETF (JMLP.DE) has a volatility of 6.65%. This indicates that FCO2.DE experiences smaller price fluctuations and is considered to be less risky than JMLP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FCO2.DE | JMLP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 6.65% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 22.94% | 15.30% | +7.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.69% | 18.80% | +7.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.04% | 20.38% | +13.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.04% | 21.66% | +12.38% |
FCO2.DE vs. JMLP.DE - Expense Ratio Comparison
FCO2.DE has a 0.89% expense ratio, which is higher than JMLP.DE's 0.40% expense ratio.
Dividends
FCO2.DE vs. JMLP.DE - Dividend Comparison
FCO2.DE has not paid dividends to shareholders, while JMLP.DE's dividend yield for the trailing twelve months is around 2.77%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FCO2.DE HANetf SparkChange Physical Carbon EUA ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JMLP.DE HANetf Alerian Midstream Energy Dividend UCITS ETF | 2.77% | 3.38% | 5.41% | 11.39% | 11.27% | 14.07% | 8.95% |
Frequently Asked Questions
FCO2.DE and JMLP.DE have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JMLP.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JMLP.DE is cheaper with a 0.40% expense ratio, compared with 0.89% for FCO2.DE.
FCO2.DE is categorized as Commodities, while JMLP.DE is Energy Equities. FCO2.DE tracks EU Carbon Emission Allowances (EUA), while JMLP.DE tracks Alerian Midstream Energy Dividend. Their fees differ too: 0.89% for FCO2.DE and 0.40% for JMLP.DE.
Find the right allocation for FCO2.DE and JMLP.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer