GLIX vs. ECLN

Last updated Jun 4, 2026

GLIX (Lazard Listed Infrastructure ETF) and ECLN (First Trust EIP Carbon Impact ETF) are both Utilities Equities funds. Both are actively managed. A 0.66 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

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard Listed Infrastructure ETF (GLIX) 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, GLIX achieves a 9.30% return, which is significantly lower than ECLN's 12.15% return.

GLIX

• 1D: 0.22%
• 1M: -0.28%
• YTD: 9.30%
• 6M: 8.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ECLN

• 1D: -0.07%
• 1M: -2.95%
• YTD: 12.15%
• 6M: 10.16%
• 1Y: 19.15%
• 3Y*: 17.15%
• 5Y*: 11.85%
• 10Y*: —

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

GLIX vs. ECLN - Yearly Performance Comparison

	2026 (YTD)	2025
GLIX Lazard Listed Infrastructure ETF	9.30%	0.49%
ECLN First Trust EIP Carbon Impact ETF	12.15%	-1.35%

Correlation

The correlation between GLIX and ECLN is 0.66, 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 7, 2025	0.66

Return for Risk

GLIX vs. ECLN — Risk / Return Rank

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

ECLN

ECLN Risk / Return Rank: 59
ECLN Sharpe Ratio Rank: 53
ECLN Sortino Ratio Rank: 56
ECLN Omega Ratio Rank: 50
ECLN Calmar Ratio Rank: 76
ECLN Martin Ratio Rank: 59

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.

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.

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

Sharpe Ratios by Period

	GLIX	ECLN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.83	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.29	0.67	+0.62

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.

Drawdown Indicators

	GLIX	ECLN	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-3.80%	-3.65%	-0.15%
Average Drawdown Average peak-to-trough decline	-2.06%	-4.99%	+2.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.86%	—

Volatility

Volatility by Period

	GLIX	ECLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.85%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.15%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.94%	10.51%	+1.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.94%	14.22%	-2.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.94%	17.41%	-5.47%

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 1.66%, less than ECLN's 1.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ECLN First Trust EIP Carbon Impact ETF	1.83%	1.97%	2.52%	2.54%	1.72%	1.66%	1.68%	0.71%
GLIX Lazard Listed Infrastructure ETF	1.66%	1.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GLIX and ECLN in my portfolio?

GLIX and ECLN have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GLIX or ECLN?

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.

Which ETF is cheaper, GLIX or ECLN?

GLIX is cheaper with a 0.96% expense ratio, compared with 0.97% for ECLN.

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

ECLN has the higher dividend yield at 1.83%, compared with 1.66% for GLIX.

What is the main difference between GLIX and ECLN?

They also come from different issuers: Lazard and First Trust. Their fees differ too: 0.96% for GLIX and 0.97% for ECLN.