QCLN vs. COP
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
| QCLN | COP | |
|---|---|---|
| YTD Return | -18.45% | 5.50% |
| 1Y Return | -20.59% | 29.01% |
| 3Y Return (Ann) | -16.98% | 37.48% |
| 5Y Return (Ann) | 10.41% | 18.66% |
| 10Y Return (Ann) | 7.14% | 8.16% |
| Sharpe Ratio | -0.62 | 1.36 |
| Daily Std Dev | 33.96% | 22.55% |
| Max Drawdown | -76.18% | -70.66% |
| Current Drawdown | -60.61% | -8.46% |
Correlation
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.
Performance
QCLN vs. COP - Performance Comparison
In the year-to-date period, QCLN achieves a -18.45% return, which is significantly lower than COP's 5.50% return. Over the past 10 years, QCLN has underperformed COP with an annualized return of 7.14%, while COP has yielded a comparatively higher 8.16% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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.
Dividends
QCLN vs. COP - Dividend Comparison
QCLN's dividend yield for the trailing twelve months is around 0.78%, less than COP's 2.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 0.78% | 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 | 2.44% | 3.34% | 4.20% | 2.69% | 4.23% | 2.05% | 1.86% | 1.93% | 1.99% | 6.30% | 4.11% | 3.82% |
Drawdowns
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%. Use the drawdown chart below to compare losses from any high point for QCLN and COP. For additional features, visit the drawdowns tool.
Volatility
QCLN vs. COP - Volatility Comparison
First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) has a higher volatility of 10.16% compared to ConocoPhillips Company (COP) at 4.88%. 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.