GII vs. ECLN

Last updated Jul 17, 2026

GII (SPDR S&P Global Infrastructure ETF) and ECLN (First Trust EIP Carbon Impact ETF) are both Utilities Equities funds. GII is passively managed, while ECLN is actively managed. A 0.79 correlation means they provide meaningful diversification when combined. GII charges 0.40%/yr vs 0.97%/yr for ECLN.

Performance

GII vs. ECLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Global Infrastructure ETF (GII) and First Trust EIP Carbon Impact ETF (ECLN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GII

• 1D: -0.05%
• 1M: -0.01%
• 6M: 9.45%
• YTD: 10.19%
• 1Y: 17.41%
• 3Y*: 15.94%
• 5Y*: 11.02%
• 10Y*: 8.15%

ECLN

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GII vs. ECLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
GII SPDR S&P Global Infrastructure ETF	10.19%	21.79%	14.30%	5.90%	-0.54%	11.39%	-6.81%	7.85%
ECLN First Trust EIP Carbon Impact ETF	12.96%	16.78%	22.60%	-3.36%	5.28%	12.26%	8.98%	5.66%

Correlation

The correlation between GII and ECLN is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Aug 20, 2019	0.79

The correlation between GII and ECLN shifts across timeframes, from 0.67 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.

GII vs. ECLN - Sectors Allocation Comparison

Sectors	GII	ECLN
Industrials	27.5%	6.8%
Utilities	26.2%	76.4%
Energy	20.4%	16.3%
Financial Services	4.7%	-
Technology	2.5%	0.5%
Communication Services	0.3%	-
Real Estate	0.1%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-

Return for Risk

GII vs. ECLN — Risk / Return Rank

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

GII

GII Risk / Return Rank: 62
GII Sharpe Ratio Rank: 60
GII Sortino Ratio Rank: 59
GII Omega Ratio Rank: 59
GII Calmar Ratio Rank: 72
GII Martin Ratio Rank: 58

ECLN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

GII vs. ECLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Global Infrastructure ETF (GII) and First Trust EIP Carbon Impact ETF (ECLN). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GII	ECLN	Difference
Sharpe ratio: Return per unit of total volatility	1.61	—	—
Sortino ratio: Return per unit of downside risk	2.25	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.94	—	—
Martin ratio: Return relative to average drawdown	8.09	—	—

Drawdowns

Drawdown Indicators

	GII	ECLN	Difference
Max Drawdown Largest peak-to-trough decline	-50.98%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-5.94%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.29%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.67%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.84%	—	—
Current Drawdown Current decline from peak	-2.38%	—	—
Average Drawdown Average peak-to-trough decline	-11.46%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	—	—

Volatility

Volatility by Period

	GII	ECLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.15%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.17%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.88%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.09%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.03%	—	—

GII vs. ECLN - Expense Ratio Comparison

GII has a 0.40% expense ratio, which is lower than ECLN's 0.97% expense ratio.

Dividends

GII vs. ECLN - Dividend Comparison

GII's dividend yield for the trailing twelve months is around 2.65%, while ECLN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ECLN First Trust EIP Carbon Impact ETF	1.43%	1.97%	2.52%	2.54%	1.72%	1.66%	1.68%	0.71%	0.00%	0.00%	0.00%	0.00%
GII SPDR S&P Global Infrastructure ETF	2.65%	3.17%	3.23%	3.70%	3.07%	2.37%	2.66%	3.39%	3.31%	3.38%	3.11%	3.54%

Frequently Asked Questions

Can I hold both GII and ECLN in my portfolio?

GII and ECLN have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GII or ECLN?

On fees, GII is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GII or ECLN?

GII is cheaper with a 0.40% expense ratio, compared with 0.97% for ECLN.

Which ETF pays a higher dividend yield, GII or ECLN?

GII has the higher dividend yield at 2.65%, compared with 1.43% for ECLN.

What is the main difference between GII and ECLN?

They also come from different issuers: State Street and First Trust. Their fees differ too: 0.40% for GII and 0.97% for ECLN.