GCLN vs. QCLN
Compare and contrast key facts about Goldman Sachs Bloomberg Clean Energy Equity ETF (GCLN) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN).
GCLN and QCLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GCLN is a passively managed fund by Goldman Sachs that tracks the performance of the Bloomberg Goldman Sachs Global Clean Energy Index - Benchmark TR Gross. It was launched on Feb 8, 2022. 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. Both GCLN and QCLN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GCLN or QCLN.
Correlation
The correlation between GCLN and QCLN is 0.79, 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.
Performance
GCLN vs. QCLN - Performance Comparison
Key characteristics
Returns By Period
GCLN
N/A
N/A
N/A
N/A
N/A
N/A
QCLN
0.71%
-3.01%
-1.65%
-4.73%
2.83%
7.29%
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GCLN vs. QCLN - Expense Ratio Comparison
GCLN has a 0.45% expense ratio, which is lower than QCLN's 0.60% expense ratio.
Risk-Adjusted Performance
GCLN vs. QCLN — Risk-Adjusted Performance Rank
GCLN
QCLN
GCLN vs. QCLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Bloomberg Clean Energy Equity ETF (GCLN) 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.
Dividends
GCLN vs. QCLN - Dividend Comparison
GCLN has not paid dividends to shareholders, while QCLN's dividend yield for the trailing twelve months is around 0.86%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF | 2.24% | 2.18% | 1.63% | 1.30% | 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 | 0.86% | 0.87% | 0.76% | 0.33% | 0.01% | 0.30% | 0.85% | 1.03% | 0.45% | 1.25% | 0.72% | 0.78% |
Drawdowns
GCLN vs. QCLN - Drawdown Comparison
Volatility
GCLN vs. QCLN - Volatility Comparison
The current volatility for Goldman Sachs Bloomberg Clean Energy Equity ETF (GCLN) is 0.00%, while First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) has a volatility of 8.32%. This indicates that GCLN 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.