QCLN vs. DRIV
Compare and contrast key facts about First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) and Global X Autonomous & Electric Vehicles ETF (DRIV).
QCLN and DRIV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. DRIV is a passively managed fund by Global X that tracks the performance of the Solactive Autonomous & Electric Vehicles Index. It was launched on Apr 13, 2018. Both QCLN and DRIV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QCLN or DRIV.
Performance
QCLN vs. DRIV - Performance Comparison
Returns By Period
In the year-to-date period, QCLN achieves a -20.02% return, which is significantly lower than DRIV's -4.61% return.
QCLN
-20.02%
0.18%
-9.53%
-5.77%
9.04%
7.19%
DRIV
-4.61%
2.64%
-4.69%
3.59%
11.81%
N/A
Key characteristics
| QCLN | DRIV | |
|---|---|---|
| Sharpe Ratio | -0.23 | 0.08 |
| Sortino Ratio | -0.10 | 0.26 |
| Omega Ratio | 0.99 | 1.03 |
| Calmar Ratio | -0.12 | 0.05 |
| Martin Ratio | -0.43 | 0.22 |
| Ulcer Index | 18.51% | 7.66% |
| Daily Std Dev | 34.50% | 22.16% |
| Max Drawdown | -76.18% | -39.24% |
| Current Drawdown | -61.37% | -24.54% |
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QCLN vs. DRIV - Expense Ratio Comparison
QCLN has a 0.60% expense ratio, which is lower than DRIV's 0.68% expense ratio.
Correlation
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.
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.
Dividends
QCLN vs. DRIV - Dividend Comparison
QCLN's dividend yield for the trailing twelve months is around 1.01%, less than DRIV's 1.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 1.01% | 0.76% | 0.33% | 0.01% | 0.30% | 0.85% | 1.03% | 0.45% | 1.25% | 0.72% | 0.78% | 0.41% |
DRIV Global X Autonomous & Electric Vehicles ETF | 1.74% | 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.
Volatility
QCLN vs. DRIV - Volatility Comparison
First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) has a higher volatility of 8.59% compared to Global X Autonomous & Electric Vehicles ETF (DRIV) at 5.83%. 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.