NXTG.L vs. QCLN.L
NXTG.L (First Trust Indxx NextG UCITS ETF) and QCLN.L (First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc) are both exchange-traded funds - NXTG.L is a Global Equities fund tracking the First Trust Indxx NextG UCITS ETF, while QCLN.L is a Energy Equities fund tracking the S&P Global Clean Energy TR USD. Both are passively managed. Over the past 5 years, NXTG.L returned 9.76%/yr vs -2.32%/yr for QCLN.L. At a 0.47 correlation, their price movements are largely independent.
Performance
NXTG.L vs. QCLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, NXTG.L achieves a 39.36% return, which is significantly higher than QCLN.L's 21.50% return.
NXTG.L
- 1D
- -0.50%
- 1M
- -5.27%
- 6M
- 36.55%
- YTD
- 39.36%
- 1Y
- 56.77%
- 3Y*
- 16.78%
- 5Y*
- 9.76%
- 10Y*
- 6.94%
QCLN.L
- 1D
- -1.83%
- 1M
- -13.67%
- 6M
- 11.15%
- YTD
- 21.50%
- 1Y
- 57.29%
- 3Y*
- -1.15%
- 5Y*
- -2.32%
- 10Y*
- —
NXTG.L vs. QCLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NXTG.L First Trust Indxx NextG UCITS ETF | 39.36% | 19.23% | 14.96% | 0.29% | -24.39% | 15.88% | 4.17% | 8.33% | -27.67% | 16.85% |
QCLN.L First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc | 21.50% | 20.09% | -17.94% | -12.66% | -23.26% | 6,519.75% | 18.79% | 20.49% | -10.68% | 14.75% |
Correlation
The correlation between NXTG.L and QCLN.L is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2017 | 0.47 |
Over the past year, NXTG.L and QCLN.L have become more correlated (0.70) than their long-term average of 0.47, meaning their price movements have been converging.
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Return for Risk
NXTG.L vs. QCLN.L — Risk / Return Rank
NXTG.L
QCLN.L
NXTG.L vs. QCLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx NextG UCITS ETF (NXTG.L) and First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc (QCLN.L). 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.
| NXTG.L | QCLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.24 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.63 | -0.37 |
| Martin ratioReturn relative to average drawdown | 4.72 | 8.83 | -4.11 |
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Drawdowns
NXTG.L vs. QCLN.L - Drawdown Comparison
The maximum NXTG.L drawdown since its inception was -45.94%, smaller than the maximum QCLN.L drawdown of -69.87%. Use the drawdown chart below to compare losses from any high point for NXTG.L and QCLN.L.
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Drawdown Indicators
| NXTG.L | QCLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.94% | -69.87% | +23.93% |
Max Drawdown (1Y)Largest decline over 1 year | -25.38% | -21.65% | -3.73% |
Max Drawdown (3Y)Largest decline over 3 years | -31.89% | -56.66% | +24.77% |
Max Drawdown (5Y)Largest decline over 5 years | -32.91% | -68.64% | +35.73% |
Max Drawdown (10Y)Largest decline over 10 years | -45.94% | — | — |
Current DrawdownCurrent decline from peak | -9.51% | -36.39% | +26.88% |
Average DrawdownAverage peak-to-trough decline | -19.86% | -27.61% | +7.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.16% | 6.47% | +5.69% |
Volatility
NXTG.L vs. QCLN.L - Volatility Comparison
The current volatility for First Trust Indxx NextG UCITS ETF (NXTG.L) is 6.66%, while First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc (QCLN.L) has a volatility of 16.69%. This indicates that NXTG.L experiences smaller price fluctuations and is considered to be less risky than QCLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NXTG.L | QCLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.66% | 16.69% | -10.03% |
Volatility (6M)Calculated over the trailing 6-month period | 15.57% | 30.08% | -14.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.75% | 38.16% | +8.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.04% | 38.68% | +4.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.80% | 2,359.88% | -2,327.08% |
Dividends
NXTG.L vs. QCLN.L - Dividend Comparison
Neither NXTG.L nor QCLN.L has paid dividends to shareholders.
Frequently Asked Questions
NXTG.L and QCLN.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NXTG.L is categorized as Global Equities, while QCLN.L is Energy Equities. NXTG.L tracks First Trust Indxx NextG UCITS ETF, while QCLN.L tracks S&P Global Clean Energy TR USD.
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