FTC vs. QCLN

Last updated Jun 4, 2026

FTC (First Trust Large Cap Growth AlphaDEX Fund) and QCLN (First Trust NASDAQ Clean Edge Green Energy Index Fund) are both exchange-traded funds - FTC is a Large Cap Growth Equities fund tracking the NASDAQ AlphaDEX Large Cap Growth Index, while QCLN is a Alternative Energy Equities fund tracking the NASDAQ Clean Edge Green Energy. Both are passively managed. Over the past 10 years, FTC returned 14.85%/yr vs 17.39%/yr for QCLN. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.60% expense ratio.

Performance

FTC vs. QCLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Large Cap Growth AlphaDEX Fund (FTC) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTC achieves a 17.25% return, which is significantly lower than QCLN's 52.94% return. Over the past 10 years, FTC has underperformed QCLN with an annualized return of 14.85%, while QCLN has yielded a comparatively higher 17.39% annualized return.

FTC

• 1D: -0.03%
• 1M: 9.21%
• YTD: 17.25%
• 6M: 17.16%
• 1Y: 29.07%
• 3Y*: 25.57%
• 5Y*: 13.04%
• 10Y*: 14.85%

QCLN

• 1D: -0.41%
• 1M: 16.40%
• YTD: 52.94%
• 6M: 50.79%
• 1Y: 120.21%
• 3Y*: 12.03%
• 5Y*: 2.16%
• 10Y*: 17.39%

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

FTC vs. QCLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTC First Trust Large Cap Growth AlphaDEX Fund	17.25%	15.89%	26.60%	20.72%	-23.28%	24.43%	33.35%	28.07%	-6.03%	25.32%
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund	52.94%	31.81%	-18.86%	-10.02%	-30.37%	-3.21%	184.00%	42.65%	-12.38%	32.34%

Correlation

The correlation between FTC and QCLN is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since May 14, 2007	0.71

The correlation between FTC and QCLN has been stable across timeframes, ranging from 0.67 to 0.73 - a consistent structural relationship.

FTC vs. QCLN - Sectors Allocation Comparison

Sectors	FTC	QCLN
Technology	31.3%	20.8%
Industrials	29.7%	30.2%
Consumer Cyclical	10.1%	9.4%
Healthcare	9.0%	-
Financial Services	6.7%	1.9%
Basic Materials	3.3%	9.4%
Communication Services	2.5%	-
Utilities	2.2%	13.2%
Real Estate	2.2%	-
Consumer Defensive	2.0%	-
Energy	0.9%	13.2%

Return for Risk

FTC vs. QCLN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTC

FTC Risk / Return Rank: 50
FTC Sharpe Ratio Rank: 46
FTC Sortino Ratio Rank: 44
FTC Omega Ratio Rank: 43
FTC Calmar Ratio Rank: 56
FTC Martin Ratio Rank: 60

QCLN

QCLN Risk / Return Rank: 89
QCLN Sharpe Ratio Rank: 93
QCLN Sortino Ratio Rank: 84
QCLN Omega Ratio Rank: 79
QCLN Calmar Ratio Rank: 94
QCLN Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTC vs. QCLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Large Cap Growth AlphaDEX Fund (FTC) 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.

	FTC	QCLN	Difference
Sharpe ratio: Return per unit of total volatility	1.62	3.49	-1.87
Sortino ratio: Return per unit of downside risk	2.24	3.86	-1.62
Omega ratio: Gain probability vs. loss probability	1.28	1.48	-0.20
Calmar ratio: Return relative to maximum drawdown	2.82	7.62	-4.81
Martin ratio: Return relative to average drawdown	10.83	26.28	-15.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTC vs. QCLN - Sharpe Ratio Comparison

The current FTC Sharpe Ratio is 1.62, which is lower than the QCLN Sharpe Ratio of 3.49. The chart below compares the historical Sharpe Ratios of FTC and QCLN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FTC	QCLN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	3.49	-1.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.06	+0.60
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.50	+0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.20	+0.33

Drawdowns

FTC vs. QCLN - Drawdown Comparison

The maximum FTC drawdown since its inception was -54.05%, smaller than the maximum QCLN drawdown of -76.18%. Use the drawdown chart below to compare losses from any high point for FTC and QCLN.

Drawdown Indicators

	FTC	QCLN	Difference
Max Drawdown Largest peak-to-trough decline	-54.05%	-76.18%	+22.13%
Max Drawdown (1Y) Largest decline over 1 year	-10.36%	-15.86%	+5.50%
Max Drawdown (3Y) Largest decline over 3 years	-21.41%	-56.08%	+34.67%
Max Drawdown (5Y) Largest decline over 5 years	-31.18%	-69.49%	+38.31%
Max Drawdown (10Y) Largest decline over 10 years	-34.66%	-71.73%	+37.07%
Current Drawdown Current decline from peak	-0.03%	-20.99%	+20.96%
Average Drawdown Average peak-to-trough decline	-9.32%	-43.45%	+34.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	4.59%	-1.90%

Volatility

FTC vs. QCLN - Volatility Comparison

The current volatility for First Trust Large Cap Growth AlphaDEX Fund (FTC) is 6.65%, while First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) has a volatility of 12.56%. This indicates that FTC 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.

Volatility by Period

	FTC	QCLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.65%	12.56%	-5.91%
Volatility (6M) Calculated over the trailing 6-month period	14.24%	26.02%	-11.78%
Volatility (1Y) Calculated over the trailing 1-year period	18.02%	34.88%	-16.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.85%	37.97%	-18.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.45%	34.91%	-14.46%

FTC vs. QCLN - Expense Ratio Comparison

Both FTC and QCLN have an expense ratio of 0.60%.

Dividends

FTC vs. QCLN - Dividend Comparison

FTC's dividend yield for the trailing twelve months is around 0.18%, more than QCLN's 0.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTC First Trust Large Cap Growth AlphaDEX Fund	0.18%	0.20%	0.32%	0.65%	0.90%	0.00%	0.40%	0.64%	0.35%	0.40%	0.86%	0.52%
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund	0.15%	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

Can I hold both FTC and QCLN in my portfolio?

FTC and QCLN have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTC or QCLN?

QCLN has higher volatility (12.56%) compared to FTC (6.65%). In terms of maximum drawdown, FTC dropped -54.05% vs QCLN's -76.18%.

Which ETF is better, FTC or QCLN?

On 10-year performance, QCLN leads with 17.39% vs 14.85% for FTC. Both ETFs have the same 0.60% expense ratio. On volatility, FTC has been the lower-risk option at 6.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTC or QCLN?

Over the 10-year period, QCLN has performed better with a 17.39% return vs 14.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTC or QCLN?

FTC and QCLN have the same expense ratio: 0.60% per year.

Which ETF pays a higher dividend yield, FTC or QCLN?

FTC has the higher dividend yield at 0.18%, compared with 0.15% for QCLN.

What is the main difference between FTC and QCLN?

FTC is categorized as Large Cap Growth Equities, while QCLN is Alternative Energy Equities. FTC tracks NASDAQ AlphaDEX Large Cap Growth Index, while QCLN tracks NASDAQ Clean Edge Green Energy.

Which has better risk-adjusted returns?

QCLN currently has the higher Sharpe Ratio (3.49 vs 1.62), 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.