ICLN vs. QCLN
Compare and contrast key facts about iShares Global Clean Energy ETF (ICLN) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN).
ICLN and QCLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ICLN is a passively managed fund by iShares that tracks the performance of the S&P Global Clean Energy Index. It was launched on Jun 24, 2008. 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 ICLN 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: ICLN or QCLN.
Performance
ICLN vs. QCLN - Performance Comparison
Returns By Period
In the year-to-date period, ICLN achieves a -21.88% return, which is significantly lower than QCLN's -20.20% return. Over the past 10 years, ICLN has underperformed QCLN with an annualized return of 3.67%, while QCLN has yielded a comparatively higher 7.18% annualized return.
ICLN
-21.88%
-10.08%
-14.10%
-12.36%
3.61%
3.67%
QCLN
-20.20%
-1.16%
-4.26%
-6.42%
8.85%
7.18%
Key characteristics
| ICLN | QCLN | |
|---|---|---|
| Sharpe Ratio | -0.47 | -0.16 |
| Sortino Ratio | -0.53 | 0.01 |
| Omega Ratio | 0.94 | 1.00 |
| Calmar Ratio | -0.17 | -0.09 |
| Martin Ratio | -1.06 | -0.30 |
| Ulcer Index | 11.11% | 18.40% |
| Daily Std Dev | 24.92% | 34.63% |
| Max Drawdown | -87.16% | -76.18% |
| Current Drawdown | -68.03% | -61.45% |
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ICLN vs. QCLN - Expense Ratio Comparison
ICLN has a 0.46% expense ratio, which is lower than QCLN's 0.60% expense ratio.
Correlation
The correlation between ICLN and QCLN is 0.78, 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.
Risk-Adjusted Performance
ICLN vs. QCLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Clean Energy ETF (ICLN) 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
ICLN vs. QCLN - Dividend Comparison
ICLN's dividend yield for the trailing twelve months is around 1.81%, more than QCLN's 1.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 1.81% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% | 2.83% | 2.11% |
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 1.01% | 0.76% | 0.33% | 0.01% | 0.30% | 0.85% | 1.03% | 0.45% | 1.25% | 0.72% | 0.78% | 0.41% |
Drawdowns
ICLN vs. QCLN - Drawdown Comparison
The maximum ICLN drawdown since its inception was -87.16%, which is greater than QCLN's maximum drawdown of -76.18%. Use the drawdown chart below to compare losses from any high point for ICLN and QCLN. For additional features, visit the drawdowns tool.
Volatility
ICLN vs. QCLN - Volatility Comparison
iShares Global Clean Energy ETF (ICLN) has a higher volatility of 9.44% compared to First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) at 8.70%. This indicates that ICLN's price experiences larger fluctuations and is considered to be riskier than QCLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.