PBW vs. QCLN
Compare and contrast key facts about Invesco WilderHill Clean Energy ETF (PBW) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN).
PBW and QCLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PBW is a passively managed fund by Invesco that tracks the performance of the The WilderHill Clean Energy Index (AMEX). It was launched on Mar 3, 2005. 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 PBW 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: PBW or QCLN.
Performance
PBW vs. QCLN - Performance Comparison
Returns By Period
In the year-to-date period, PBW achieves a -34.88% return, which is significantly lower than QCLN's -21.86% return. Over the past 10 years, PBW has underperformed QCLN with an annualized return of -1.94%, while QCLN has yielded a comparatively higher 6.97% annualized return.
PBW
-34.88%
-8.38%
-12.19%
-26.52%
-7.22%
-1.94%
QCLN
-21.86%
-5.16%
-6.42%
-7.52%
8.11%
6.97%
Key characteristics
| PBW | QCLN | |
|---|---|---|
| Sharpe Ratio | -0.73 | -0.28 |
| Sortino Ratio | -0.96 | -0.18 |
| Omega Ratio | 0.90 | 0.98 |
| Calmar Ratio | -0.34 | -0.15 |
| Martin Ratio | -1.04 | -0.53 |
| Ulcer Index | 28.08% | 18.35% |
| Daily Std Dev | 39.85% | 34.59% |
| Max Drawdown | -87.01% | -76.18% |
| Current Drawdown | -84.60% | -62.26% |
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PBW vs. QCLN - Expense Ratio Comparison
PBW has a 0.61% expense ratio, which is higher than QCLN's 0.60% expense ratio.
Correlation
The correlation between PBW and QCLN is 0.91, 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
PBW vs. QCLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco WilderHill Clean Energy ETF (PBW) 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
PBW vs. QCLN - Dividend Comparison
PBW's dividend yield for the trailing twelve months is around 2.90%, more than QCLN's 1.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBW Invesco WilderHill Clean Energy ETF | 2.90% | 3.68% | 4.21% | 1.71% | 0.44% | 1.45% | 2.89% | 1.27% | 2.69% | 1.54% | 2.96% | 2.18% |
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 1.03% | 0.76% | 0.33% | 0.01% | 0.30% | 0.85% | 1.03% | 0.45% | 1.25% | 0.72% | 0.78% | 0.41% |
Drawdowns
PBW vs. QCLN - Drawdown Comparison
The maximum PBW drawdown since its inception was -87.01%, which is greater than QCLN's maximum drawdown of -76.18%. Use the drawdown chart below to compare losses from any high point for PBW and QCLN. For additional features, visit the drawdowns tool.
Volatility
PBW vs. QCLN - Volatility Comparison
Invesco WilderHill Clean Energy ETF (PBW) has a higher volatility of 10.27% compared to First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) at 8.40%. This indicates that PBW'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.