QCLN.DE vs. SMLD.DE
QCLN.DE (First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc) and SMLD.DE (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist) are both Energy Equities funds - QCLN.DE tracks the S&P Global Clean Energy TR USD while SMLD.DE tracks the Morningstar MLP Composite. Both are passively managed. Over the past 5 years, QCLN.DE returned 2.29%/yr vs 25.24%/yr for SMLD.DE. At a 0.26 correlation, their price movements are largely independent. QCLN.DE charges 0.60%/yr vs 0.50%/yr for SMLD.DE.
Performance
QCLN.DE vs. SMLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QCLN.DE achieves a 49.11% return, which is significantly higher than SMLD.DE's 20.75% return.
QCLN.DE
- 1D
- -1.82%
- 1M
- 14.31%
- YTD
- 49.11%
- 6M
- 47.01%
- 1Y
- 111.97%
- 3Y*
- 8.07%
- 5Y*
- 2.29%
- 10Y*
- —
SMLD.DE
- 1D
- -0.66%
- 1M
- 0.52%
- YTD
- 20.75%
- 6M
- 14.96%
- 1Y
- 13.71%
- 3Y*
- 20.56%
- 5Y*
- 25.24%
- 10Y*
- 15.33%
QCLN.DE vs. SMLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QCLN.DE First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc | 49.11% | 16.50% | -14.54% | -10.39% | -26.09% | -12.74% |
SMLD.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist | 20.75% | -8.86% | 35.22% | 27.59% | 49.18% | 41.45% |
Correlation
The correlation between QCLN.DE and SMLD.DE is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2021 | 0.26 |
Over the past year, the correlation between QCLN.DE and SMLD.DE has dropped to 0.04 - well below their long-term average of 0.26, suggesting their price drivers have been diverging.
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Return for Risk
QCLN.DE vs. SMLD.DE — Risk / Return Rank
QCLN.DE
SMLD.DE
QCLN.DE vs. SMLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc (QCLN.DE) and Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE). 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.
| QCLN.DE | SMLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.68 | ||
| Sortino ratioReturn per unit of downside risk | +2.85 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.15 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 7.93 | 0.92 | +7.01 |
| Martin ratioReturn relative to average drawdown | 24.33 | 1.91 | +22.42 |
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
| QCLN.DE | SMLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.20 | 0.51 | +2.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 1.10 | -1.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 0.29 | -0.37 |
Drawdowns
QCLN.DE vs. SMLD.DE - Drawdown Comparison
The maximum QCLN.DE drawdown since its inception was -69.59%, smaller than the maximum SMLD.DE drawdown of -73.78%. Use the drawdown chart below to compare losses from any high point for QCLN.DE and SMLD.DE.
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Drawdown Indicators
| QCLN.DE | SMLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.59% | -73.78% | +4.19% |
Max Drawdown (1Y)Largest decline over 1 year | -14.04% | -14.77% | +0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -56.68% | -22.99% | -33.69% |
Max Drawdown (5Y)Largest decline over 5 years | -69.59% | -22.99% | -46.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.79% | — |
Current DrawdownCurrent decline from peak | -20.21% | -3.47% | -16.74% |
Average DrawdownAverage peak-to-trough decline | -39.08% | -17.76% | -21.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.59% | 7.16% | -2.57% |
Volatility
QCLN.DE vs. SMLD.DE - Volatility Comparison
First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc (QCLN.DE) has a higher volatility of 14.59% compared to Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) at 5.38%. This indicates that QCLN.DE's price experiences larger fluctuations and is considered to be riskier than SMLD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QCLN.DE | SMLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.59% | 5.38% | +9.21% |
Volatility (6M)Calculated over the trailing 6-month period | 24.80% | 12.79% | +12.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.84% | 26.64% | +8.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.29% | 22.60% | +13.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.76% | 34.70% | +2.06% |
QCLN.DE vs. SMLD.DE - Expense Ratio Comparison
QCLN.DE has a 0.60% expense ratio, which is higher than SMLD.DE's 0.50% expense ratio.
Dividends
QCLN.DE vs. SMLD.DE - Dividend Comparison
QCLN.DE has not paid dividends to shareholders, while SMLD.DE's dividend yield for the trailing twelve months is around 7.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QCLN.DE First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMLD.DE Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist | 7.55% | 8.45% | 12.45% | 18.33% | 14.40% | 17.94% | 25.01% | 18.21% | 21.61% | 18.39% | 14.39% | 20.63% |
Frequently Asked Questions
QCLN.DE and SMLD.DE have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMLD.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMLD.DE is cheaper with a 0.50% expense ratio, compared with 0.60% for QCLN.DE.
QCLN.DE tracks S&P Global Clean Energy TR USD, while SMLD.DE tracks Morningstar MLP Composite. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.60% for QCLN.DE and 0.50% for SMLD.DE.
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