GLIX vs. ECLN
GLIX (Lazard Listed Infrastructure ETF) and ECLN (First Trust EIP Carbon Impact ETF) are both Utilities Equities funds. Both are actively managed. A 0.63 correlation means they provide meaningful diversification when combined. GLIX charges 0.96%/yr vs 0.97%/yr for ECLN.
Performance
GLIX vs. ECLN - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with GLIX having a 12.51% return and ECLN slightly higher at 12.96%.
GLIX
- 1D
- 0.58%
- 1M
- 2.06%
- YTD
- 12.51%
- 6M
- 12.64%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ECLN
- 1D
- 0.16%
- 1M
- -1.81%
- YTD
- 12.96%
- 6M
- 12.52%
- 1Y
- 19.24%
- 3Y*
- 17.40%
- 5Y*
- 12.01%
- 10Y*
- —
GLIX vs. ECLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLIX Lazard Listed Infrastructure ETF | 12.51% | 0.49% |
ECLN First Trust EIP Carbon Impact ETF | 12.96% | -0.73% |
Correlation
The correlation between GLIX and ECLN is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 6, 2025 | 0.63 |
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Return for Risk
GLIX vs. ECLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Listed Infrastructure ETF (GLIX) 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.
| GLIX | ECLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.36 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.33 | — |
| Martin ratioReturn relative to average drawdown | — | 11.59 | — |
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Drawdowns
GLIX vs. ECLN - Drawdown Comparison
The maximum GLIX drawdown since its inception was -7.82%, smaller than the maximum ECLN drawdown of -32.28%. Use the drawdown chart below to compare losses from any high point for GLIX and ECLN.
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Drawdown Indicators
| GLIX | ECLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.82% | -32.28% | +24.46% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.02% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.68% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.88% | — |
Current DrawdownCurrent decline from peak | -0.98% | -2.96% | +1.98% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -4.99% | +2.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.87% | — |
Volatility
GLIX vs. ECLN - Volatility Comparison
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Volatility by Period
| GLIX | ECLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.75% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.12% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.87% | 10.45% | +1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.87% | 14.22% | -2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.87% | 17.39% | -5.52% |
GLIX vs. ECLN - Expense Ratio Comparison
GLIX has a 0.96% expense ratio, which is lower than ECLN's 0.97% expense ratio.
Dividends
GLIX vs. ECLN - Dividend Comparison
GLIX's dividend yield for the trailing twelve months is around 2.02%, while ECLN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ECLN First Trust EIP Carbon Impact ETF | 1.81% | 1.97% | 2.52% | 2.54% | 1.72% | 1.66% | 1.68% | 0.71% |
GLIX Lazard Listed Infrastructure ETF | 2.02% | 1.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GLIX and ECLN have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLIX is cheaper at 0.96% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLIX is cheaper with a 0.96% expense ratio, compared with 0.97% for ECLN.
GLIX has the higher dividend yield at 2.02%, compared with 1.81% for ECLN.
They also come from different issuers: Lazard and First Trust. Their fees differ too: 0.96% for GLIX and 0.97% for ECLN.
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