QCLN vs. COP
QCLN (First Trust NASDAQ Clean Edge Green Energy Index Fund) is Alternative Energy Equities fund tracking the Nasdaq Clean Edge Green Energy Index, while COP (ConocoPhillips Company) is a stock. Over the past 10 years, QCLN returned 17.54%/yr vs 13.23%/yr for COP. At a 0.40 correlation, their price movements are largely independent.
Performance
QCLN vs. COP - Performance Comparison
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Returns By Period
In the year-to-date period, QCLN achieves a 46.37% return, which is significantly higher than COP's 18.98% return. Over the past 10 years, QCLN has outperformed COP with an annualized return of 17.54%, while COP has yielded a comparatively lower 13.23% annualized return.
QCLN
- 1D
- 1.59%
- 1M
- 2.93%
- YTD
- 46.37%
- 6M
- 38.49%
- 1Y
- 106.69%
- 3Y*
- 11.22%
- 5Y*
- 0.23%
- 10Y*
- 17.54%
COP
- 1D
- 1.82%
- 1M
- -8.93%
- YTD
- 18.98%
- 6M
- 19.36%
- 1Y
- 19.69%
- 3Y*
- 6.42%
- 5Y*
- 16.67%
- 10Y*
- 13.23%
QCLN vs. COP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 46.37% | 31.81% | -18.86% | -10.02% | -30.37% | -3.21% | 184.00% | 42.65% | -12.38% | 32.34% |
COP ConocoPhillips Company | 18.98% | -2.34% | -12.02% | 1.98% | 71.69% | 86.60% | -36.04% | 6.63% | 15.63% | 11.95% |
Correlation
The correlation between QCLN and COP is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2007 | 0.40 |
The correlation between QCLN and COP shifts across timeframes, from -0.00 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QCLN vs. COP — Risk / Return Rank
QCLN
COP
QCLN vs. COP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) and ConocoPhillips Company (COP). 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.
| QCLN | COP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.24 | ||
| Sortino ratioReturn per unit of downside risk | +2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.13 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 6.54 | 1.05 | +5.49 |
| Martin ratioReturn relative to average drawdown | 21.21 | 2.79 | +18.42 |
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Drawdowns
QCLN vs. COP - Drawdown Comparison
The maximum QCLN drawdown since its inception was -76.18%, smaller than the maximum COP drawdown of -84.55%. Use the drawdown chart below to compare losses from any high point for QCLN and COP.
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Drawdown Indicators
| QCLN | COP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.18% | -84.55% | +8.37% |
Max Drawdown (1Y)Largest decline over 1 year | -16.40% | -18.88% | +2.48% |
Max Drawdown (3Y)Largest decline over 3 years | -56.08% | -36.19% | -19.89% |
Max Drawdown (5Y)Largest decline over 5 years | -69.49% | -36.19% | -33.30% |
Max Drawdown (10Y)Largest decline over 10 years | -71.73% | -70.66% | -1.07% |
Current DrawdownCurrent decline from peak | -24.38% | -17.40% | -6.98% |
Average DrawdownAverage peak-to-trough decline | -43.40% | -25.48% | -17.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.05% | 7.11% | -2.06% |
Volatility
QCLN vs. COP - Volatility Comparison
First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) has a higher volatility of 16.78% compared to ConocoPhillips Company (COP) at 9.15%. This indicates that QCLN's price experiences larger fluctuations and is considered to be riskier than COP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QCLN | COP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.78% | 9.15% | +7.63% |
Volatility (6M)Calculated over the trailing 6-month period | 29.37% | 22.91% | +6.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.95% | 29.65% | +7.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.45% | 32.77% | +5.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.18% | 37.66% | -2.48% |
Dividends
QCLN vs. COP - Dividend Comparison
QCLN's dividend yield for the trailing twelve months is around 0.15%, less than COP's 3.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COP ConocoPhillips Company | 3.01% | 3.40% | 3.35% | 3.37% | 4.23% | 2.70% | 4.23% | 2.05% | 1.86% | 1.93% | 1.99% | 6.30% |
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
QCLN and COP have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QCLN has higher volatility (16.78%) compared to COP (9.15%). In terms of maximum drawdown, QCLN dropped -76.18% vs COP's -84.55%.
QCLN currently has the higher Sharpe Ratio (2.91 vs 0.67), 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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