QCJA vs. QCLN
QCJA (FT Vest Nasdaq-100 Conservative Buffer ETF - January) and QCLN (First Trust NASDAQ Clean Edge Green Energy Index Fund) are both exchange-traded funds - QCJA is a Defined Outcome fund actively managed by First Trust, while QCLN is a Alternative Energy Equities fund tracking the NASDAQ Clean Edge Green Energy. QCJA is actively managed, while QCLN is passively managed. Over the past year, QCJA returned 15.75% vs 120.21% for QCLN. A 0.64 correlation means they provide meaningful diversification when combined. QCJA charges 0.90%/yr vs 0.60%/yr for QCLN.
Performance
QCJA vs. QCLN - Performance Comparison
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Returns By Period
In the year-to-date period, QCJA achieves a 5.92% return, which is significantly lower than QCLN's 52.94% return.
QCJA
- 1D
- -0.09%
- 1M
- 2.12%
- YTD
- 5.92%
- 6M
- 6.91%
- 1Y
- 15.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QCLN
- 1D
- -0.41%
- 1M
- 16.40%
- YTD
- 52.94%
- 6M
- 50.79%
- 1Y
- 120.21%
- 3Y*
- 12.03%
- 5Y*
- 2.16%
- 10Y*
- 17.39%
QCJA vs. QCLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QCJA FT Vest Nasdaq-100 Conservative Buffer ETF - January | 5.92% | 10.69% |
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 52.94% | 28.37% |
Correlation
The correlation between QCJA and QCLN is 0.59, 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 | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2025 | 0.64 |
The correlation between QCJA and QCLN has been stable across timeframes, ranging from 0.59 to 0.64 - a consistent structural relationship.
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Return for Risk
QCJA vs. QCLN — Risk / Return Rank
QCJA
QCLN
QCJA vs. QCLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Nasdaq-100 Conservative Buffer ETF - January (QCJA) 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.
| QCJA | QCLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.48 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.18 | 7.62 | -4.45 |
| Martin ratioReturn relative to average drawdown | 15.46 | 26.28 | -10.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QCJA | QCLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.74 | 3.49 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.06 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.31 | 0.20 | +1.11 |
Drawdowns
QCJA vs. QCLN - Drawdown Comparison
The maximum QCJA drawdown since its inception was -10.67%, smaller than the maximum QCLN drawdown of -76.18%. Use the drawdown chart below to compare losses from any high point for QCJA and QCLN.
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Drawdown Indicators
| QCJA | QCLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.67% | -76.18% | +65.51% |
Max Drawdown (1Y)Largest decline over 1 year | -4.98% | -15.86% | +10.88% |
Max Drawdown (3Y)Largest decline over 3 years | — | -56.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -69.49% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -71.73% | — |
Current DrawdownCurrent decline from peak | -0.10% | -20.99% | +20.89% |
Average DrawdownAverage peak-to-trough decline | -1.19% | -43.45% | +42.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 4.59% | -3.57% |
Volatility
QCJA vs. QCLN - Volatility Comparison
The current volatility for FT Vest Nasdaq-100 Conservative Buffer ETF - January (QCJA) is 0.83%, while First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) has a volatility of 12.56%. This indicates that QCJA experiences smaller price fluctuations and is considered to be less risky than QCLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QCJA | QCLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 12.56% | -11.73% |
Volatility (6M)Calculated over the trailing 6-month period | 4.62% | 26.02% | -21.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.78% | 34.88% | -29.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.48% | 37.97% | -28.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.48% | 34.91% | -25.43% |
QCJA vs. QCLN - Expense Ratio Comparison
QCJA has a 0.90% expense ratio, which is higher than QCLN's 0.60% expense ratio.
Dividends
QCJA vs. QCLN - Dividend Comparison
QCJA has not paid dividends to shareholders, while QCLN's dividend yield for the trailing twelve months is around 0.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QCJA FT Vest Nasdaq-100 Conservative Buffer ETF - January | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 0.15% | 0.25% | 0.87% | 0.76% | 0.33% | 0.01% | 0.30% | 0.85% | 1.03% | 0.45% | 1.24% | 0.72% |
Frequently Asked Questions
QCJA and QCLN have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QCLN has higher volatility (12.56%) compared to QCJA (0.83%). In terms of maximum drawdown, QCJA dropped -10.67% vs QCLN's -76.18%.
On 1-year performance, QCLN leads with 120.21% vs 15.75% for QCJA. On fees, QCLN is cheaper at 0.60% per year. On volatility, QCJA has been the lower-risk option at 0.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QCLN has performed better with a 120.21% return vs 15.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QCLN is cheaper with a 0.60% expense ratio, compared with 0.90% for QCJA.
QCLN has the higher dividend yield at 0.15%, compared with 0.00% for QCJA.
QCJA is categorized as Defined Outcome, while QCLN is Alternative Energy Equities. Their fees differ too: 0.90% for QCJA and 0.60% for QCLN.
QCLN currently has the higher Sharpe Ratio (3.49 vs 2.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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