PortfoliosLab logo
Tools
Performance Analysis
Risk Analysis
Optimization
Factor Model
See All Tools
Portfolio Analysis
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
QCLN vs. DRIV
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


QCLNDRIV
YTD Return-21.06%-3.73%
1Y Return-23.67%9.43%
3Y Return (Ann)-19.05%-3.09%
5Y Return (Ann)9.70%11.97%
Sharpe Ratio-0.690.42
Daily Std Dev33.79%21.59%
Max Drawdown-76.18%-39.24%
Current Drawdown-61.87%-23.84%

Correlation

-0.50.00.51.00.8

The correlation between QCLN and DRIV is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Performance

QCLN vs. DRIV - Performance Comparison

In the year-to-date period, QCLN achieves a -21.06% return, which is significantly lower than DRIV's -3.73% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


60.00%80.00%100.00%120.00%December2024FebruaryMarchAprilMay
72.07%
67.90%
QCLN
DRIV

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


First Trust NASDAQ Clean Edge Green Energy Index Fund

Global X Autonomous & Electric Vehicles ETF

QCLN vs. DRIV - Expense Ratio Comparison

QCLN has a 0.60% expense ratio, which is lower than DRIV's 0.68% expense ratio.


DRIV
Global X Autonomous & Electric Vehicles ETF
Expense ratio chart for DRIV: current value at 0.68% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.68%
Expense ratio chart for QCLN: current value at 0.60% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.60%

Risk-Adjusted Performance

QCLN vs. DRIV - 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 Global X Autonomous & Electric Vehicles ETF (DRIV). 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
Sharpe ratio
The chart of Sharpe ratio for QCLN, currently valued at -0.69, compared to the broader market-1.000.001.002.003.004.005.00-0.69
Sortino ratio
The chart of Sortino ratio for QCLN, currently valued at -0.89, compared to the broader market-2.000.002.004.006.008.00-0.89
Omega ratio
The chart of Omega ratio for QCLN, currently valued at 0.90, compared to the broader market0.501.001.502.002.500.90
Calmar ratio
The chart of Calmar ratio for QCLN, currently valued at -0.36, compared to the broader market0.002.004.006.008.0010.0012.0014.00-0.36
Martin ratio
The chart of Martin ratio for QCLN, currently valued at -0.81, compared to the broader market0.0020.0040.0060.0080.00-0.81
DRIV
Sharpe ratio
The chart of Sharpe ratio for DRIV, currently valued at 0.42, compared to the broader market-1.000.001.002.003.004.005.000.42
Sortino ratio
The chart of Sortino ratio for DRIV, currently valued at 0.75, compared to the broader market-2.000.002.004.006.008.000.75
Omega ratio
The chart of Omega ratio for DRIV, currently valued at 1.08, compared to the broader market0.501.001.502.002.501.08
Calmar ratio
The chart of Calmar ratio for DRIV, currently valued at 0.27, compared to the broader market0.002.004.006.008.0010.0012.0014.000.27
Martin ratio
The chart of Martin ratio for DRIV, currently valued at 0.69, compared to the broader market0.0020.0040.0060.0080.000.69

QCLN vs. DRIV - Sharpe Ratio Comparison

The current QCLN Sharpe Ratio is -0.69, which is lower than the DRIV Sharpe Ratio of 0.42. The chart below compares the 12-month rolling Sharpe Ratio of QCLN and DRIV.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.00December2024FebruaryMarchAprilMay
-0.69
0.42
QCLN
DRIV

Dividends

QCLN vs. DRIV - Dividend Comparison

QCLN's dividend yield for the trailing twelve months is around 0.80%, less than DRIV's 1.68% yield.


TTM20232022202120202019201820172016201520142013
QCLN
First Trust NASDAQ Clean Edge Green Energy Index Fund
0.80%0.76%0.33%0.01%0.30%0.85%1.03%0.45%1.24%0.72%0.79%0.41%
DRIV
Global X Autonomous & Electric Vehicles ETF
1.68%1.62%1.24%0.32%0.29%1.23%2.79%0.00%0.00%0.00%0.00%0.00%

Drawdowns

QCLN vs. DRIV - Drawdown Comparison

The maximum QCLN drawdown since its inception was -76.18%, which is greater than DRIV's maximum drawdown of -39.24%. Use the drawdown chart below to compare losses from any high point for QCLN and DRIV. For additional features, visit the drawdowns tool.


-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%December2024FebruaryMarchAprilMay
-61.87%
-23.84%
QCLN
DRIV

Volatility

QCLN vs. DRIV - Volatility Comparison

First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) has a higher volatility of 9.63% compared to Global X Autonomous & Electric Vehicles ETF (DRIV) at 6.70%. This indicates that QCLN's price experiences larger fluctuations and is considered to be riskier than DRIV 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%December2024FebruaryMarchAprilMay
9.63%
6.70%
QCLN
DRIV