PortfoliosLab logo
Tools
Performance Analysis
Risk Analysis
Optimization
Factor Model
See All Tools
Portfolio Analysis
Portfolios
Lazy PortfoliosUser Portfolios
Discussions

QCLN vs. COP

Last updated Mar 1, 2024

Compare and contrast key facts about First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) and ConocoPhillips Company (COP).

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.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QCLN or COP.

Key characteristics


QCLNCOP
YTD Return-16.65%-3.04%
1Y Return-33.92%9.32%
3Y Return (Ann)-22.74%33.63%
5Y Return (Ann)11.76%14.24%
10Y Return (Ann)6.25%8.88%
Sharpe Ratio-1.010.47
Daily Std Dev33.84%26.41%
Max Drawdown-76.18%-70.66%
Current Drawdown-59.74%-12.66%

Correlation

0.44
-1.001.00

The correlation between QCLN and COP is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

QCLN vs. COP - Performance Comparison

In the year-to-date period, QCLN achieves a -16.65% return, which is significantly lower than COP's -3.04% return. Over the past 10 years, QCLN has underperformed COP with an annualized return of 6.25%, while COP has yielded a comparatively higher 8.88% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


100.00%150.00%200.00%250.00%300.00%OctoberNovemberDecember2024February
91.93%
292.21%
QCLN
COP

Compare stocks, funds, or ETFs


First Trust NASDAQ Clean Edge Green Energy Index Fund

ConocoPhillips Company

QCLN vs. COP - Dividend Comparison

QCLN's dividend yield for the trailing twelve months is around 0.91%, less than COP's 3.18% yield.


TTM20232022202120202019201820172016201520142013
QCLN
First Trust NASDAQ Clean Edge Green Energy Index Fund
0.91%0.76%0.33%0.01%0.30%0.85%1.03%0.45%1.24%0.72%0.79%0.41%
COP
ConocoPhillips Company
3.18%3.34%4.20%2.69%4.23%2.05%1.86%1.93%1.99%6.30%4.11%3.82%

QCLN vs. COP - Risk-Adjusted Performance 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
QCLN
First Trust NASDAQ Clean Edge Green Energy Index Fund
-1.01
COP
ConocoPhillips Company
0.47

QCLN vs. COP - Sharpe Ratio Comparison

The current QCLN Sharpe Ratio is -1.01, which is lower than the COP Sharpe Ratio of 0.47. The chart below compares the 12-month rolling Sharpe Ratio of QCLN and COP.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.00OctoberNovemberDecember2024February
-1.01
0.47
QCLN
COP

QCLN vs. COP - Drawdown Comparison

The maximum QCLN drawdown since its inception was -76.18%, which is greater than COP's maximum drawdown of -70.66%. The drawdown chart below compares losses from any high point along the way for QCLN and COP


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%OctoberNovemberDecember2024February
-59.74%
-12.66%
QCLN
COP

QCLN vs. COP - Volatility Comparison

First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) has a higher volatility of 10.95% compared to ConocoPhillips Company (COP) at 5.60%. 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.


4.00%6.00%8.00%10.00%12.00%14.00%OctoberNovemberDecember2024February
10.95%
5.60%
QCLN
COP