GII vs. ECLN

Last updated Jun 5, 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. Over the past 5 years, GII returned 10.23%/yr vs 11.98%/yr for ECLN. 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

In the year-to-date period, GII achieves a 8.32% return, which is significantly lower than ECLN's 12.78% return.

GII

• 1D: 0.54%
• 1M: -2.15%
• YTD: 8.32%
• 6M: 8.21%
• 1Y: 15.99%
• 3Y*: 16.21%
• 5Y*: 10.23%
• 10Y*: 8.29%

ECLN

• 1D: 0.56%
• 1M: -2.38%
• YTD: 12.78%
• 6M: 10.71%
• 1Y: 21.20%
• 3Y*: 17.36%
• 5Y*: 11.98%
• 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	8.32%	21.79%	14.30%	5.90%	-0.54%	11.39%	-6.81%	8.27%
ECLN First Trust EIP Carbon Impact ETF	12.78%	16.78%	22.60%	-3.36%	5.28%	12.26%	8.98%	5.66%

Correlation

The correlation between GII and ECLN is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Aug 21, 2019	0.79

The correlation between GII and ECLN has been stable across timeframes, ranging from 0.74 to 0.82 - a consistent structural relationship.

GII vs. ECLN - Sectors Allocation Comparison

Sectors	GII	ECLN
Industrials	27.1%	6.8%
Utilities	26.5%	76.4%
Energy	21.5%	16.3%
Financial Services	4.5%	-
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: 47
GII Sharpe Ratio Rank: 43
GII Sortino Ratio Rank: 42
GII Omega Ratio Rank: 43
GII Calmar Ratio Rank: 56
GII Martin Ratio Rank: 50

ECLN

ECLN Risk / Return Rank: 66
ECLN Sharpe Ratio Rank: 62
ECLN Sortino Ratio Rank: 66
ECLN Omega Ratio Rank: 59
ECLN Calmar Ratio Rank: 82
ECLN Martin Ratio Rank: 64

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.

	GII	ECLN	Difference
Sharpe ratio: Return per unit of total volatility	1.50	2.04	-0.54
Sortino ratio: Return per unit of downside risk	2.11	2.98	-0.86
Omega ratio: Gain probability vs. loss probability	1.27	1.35	-0.08
Calmar ratio: Return relative to maximum drawdown	2.70	4.24	-1.54
Martin ratio: Return relative to average drawdown	8.34	11.40	-3.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GII vs. ECLN - Sharpe Ratio Comparison

The current GII Sharpe Ratio is 1.50, which is comparable to the ECLN Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of GII and ECLN, 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

	GII	ECLN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.50	2.04	-0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.85	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.68	-0.39

Drawdowns

GII vs. ECLN - Drawdown Comparison

The maximum GII drawdown since its inception was -50.98%, which is greater than ECLN's maximum drawdown of -32.28%. Use the drawdown chart below to compare losses from any high point for GII and ECLN.

Drawdown Indicators

	GII	ECLN	Difference
Max Drawdown Largest peak-to-trough decline	-50.98%	-32.28%	-18.70%
Max Drawdown (1Y) Largest decline over 1 year	-5.94%	-5.02%	-0.92%
Max Drawdown (3Y) Largest decline over 3 years	-14.31%	-14.68%	+0.37%
Max Drawdown (5Y) Largest decline over 5 years	-20.67%	-19.88%	-0.79%
Max Drawdown (10Y) Largest decline over 10 years	-42.84%	—	—
Current Drawdown Current decline from peak	-4.03%	-3.11%	-0.92%
Average Drawdown Average peak-to-trough decline	-11.52%	-4.99%	-6.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	1.86%	+0.06%

Volatility

GII vs. ECLN - Volatility Comparison

SPDR S&P Global Infrastructure ETF (GII) and First Trust EIP Carbon Impact ETF (ECLN) have volatilities of 3.84% and 3.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GII	ECLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.84%	3.91%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	8.80%	8.12%	+0.68%
Volatility (1Y) Calculated over the trailing 1-year period	10.75%	10.52%	+0.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.11%	14.22%	-0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.14%	17.41%	-0.27%

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 2.70%, more than ECLN's 1.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ECLN First Trust EIP Carbon Impact ETF	1.82%	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	2.70%	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 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GII or ECLN?

ECLN has higher volatility (3.91%) compared to GII (3.84%). In terms of maximum drawdown, GII dropped -50.98% vs ECLN's -32.28%.

Which ETF is better, GII or ECLN?

On 5-year performance, ECLN leads with 11.98% vs 10.23% for GII. On fees, GII is cheaper at 0.40% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GII or ECLN?

Over the 5-year period, ECLN has performed better with a 11.98% return vs 10.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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 2.70%, compared with 1.82% 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.

Which has better risk-adjusted returns?

ECLN currently has the higher Sharpe Ratio (2.04 vs 1.50), 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.