FTGE.DE vs. QCLN.DE
FTGE.DE (First Trust Eurozone AlphaDEX UCITS ETF Acc) and QCLN.DE (First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc) are both exchange-traded funds - FTGE.DE is a Europe Equities fund tracking the Nasdaq AlphaDEX® Eurozone, while QCLN.DE is a Energy Equities fund tracking the S&P Global Clean Energy TR USD. Both are passively managed. Over the past 5 years, FTGE.DE returned 11.59%/yr vs 2.29%/yr for QCLN.DE. A 0.50 correlation means they provide meaningful diversification when combined. FTGE.DE charges 0.65%/yr vs 0.60%/yr for QCLN.DE.
Performance
FTGE.DE vs. QCLN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FTGE.DE achieves a 13.73% return, which is significantly lower than QCLN.DE's 49.11% return.
FTGE.DE
- 1D
- 0.51%
- 1M
- 0.87%
- YTD
- 13.73%
- 6M
- 16.65%
- 1Y
- 29.62%
- 3Y*
- 22.56%
- 5Y*
- 11.59%
- 10Y*
- —
QCLN.DE
- 1D
- -1.82%
- 1M
- 14.22%
- YTD
- 49.11%
- 6M
- 44.27%
- 1Y
- 112.94%
- 3Y*
- 8.07%
- 5Y*
- 2.29%
- 10Y*
- —
FTGE.DE vs. QCLN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FTGE.DE First Trust Eurozone AlphaDEX UCITS ETF Acc | 13.73% | 39.79% | 9.52% | 12.43% | -14.37% | 14.83% |
QCLN.DE First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc | 49.11% | 16.50% | -14.54% | -10.39% | -26.09% | -12.74% |
Correlation
The correlation between FTGE.DE and QCLN.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2021 | 0.50 |
The correlation between FTGE.DE and QCLN.DE has been stable across timeframes, ranging from 0.44 to 0.50 - a consistent structural relationship.
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Return for Risk
FTGE.DE vs. QCLN.DE — Risk / Return Rank
FTGE.DE
QCLN.DE
FTGE.DE vs. QCLN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.DE) and First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc (QCLN.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.
| FTGE.DE | QCLN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.44 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 7.93 | -4.66 |
| Martin ratioReturn relative to average drawdown | 12.30 | 24.33 | -12.03 |
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
| FTGE.DE | QCLN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 3.20 | -1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.06 | +0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | -0.08 | +0.96 |
Drawdowns
FTGE.DE vs. QCLN.DE - Drawdown Comparison
The maximum FTGE.DE drawdown since its inception was -26.63%, smaller than the maximum QCLN.DE drawdown of -69.59%. Use the drawdown chart below to compare losses from any high point for FTGE.DE and QCLN.DE.
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Drawdown Indicators
| FTGE.DE | QCLN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.63% | -69.59% | +42.96% |
Max Drawdown (1Y)Largest decline over 1 year | -9.38% | -14.04% | +4.66% |
Max Drawdown (3Y)Largest decline over 3 years | -16.12% | -56.68% | +40.56% |
Max Drawdown (5Y)Largest decline over 5 years | -26.63% | -69.59% | +42.96% |
Current DrawdownCurrent decline from peak | 0.00% | -20.21% | +20.21% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -39.08% | +33.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 4.59% | -2.09% |
Volatility
FTGE.DE vs. QCLN.DE - Volatility Comparison
The current volatility for First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.DE) is 3.83%, while First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc (QCLN.DE) has a volatility of 14.59%. This indicates that FTGE.DE experiences smaller price fluctuations and is considered to be less risky than QCLN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTGE.DE | QCLN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 14.59% | -10.76% |
Volatility (6M)Calculated over the trailing 6-month period | 11.63% | 24.80% | -13.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.23% | 34.84% | -20.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.58% | 36.29% | -18.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.41% | 36.76% | -18.35% |
FTGE.DE vs. QCLN.DE - Expense Ratio Comparison
FTGE.DE has a 0.65% expense ratio, which is higher than QCLN.DE's 0.60% expense ratio.
Dividends
FTGE.DE vs. QCLN.DE - Dividend Comparison
Neither FTGE.DE nor QCLN.DE has paid dividends to shareholders.
Frequently Asked Questions
FTGE.DE and QCLN.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QCLN.DE is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QCLN.DE is cheaper with a 0.60% expense ratio, compared with 0.65% for FTGE.DE.
FTGE.DE is categorized as Europe Equities, while QCLN.DE is Energy Equities. FTGE.DE tracks Nasdaq AlphaDEX® Eurozone, while QCLN.DE tracks S&P Global Clean Energy TR USD. Their fees differ too: 0.65% for FTGE.DE and 0.60% for QCLN.DE.
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