QCLN vs. DRIV

Last updated Jun 23, 2026

QCLN (First Trust NASDAQ Clean Edge Green Energy Index Fund) and DRIV (Global X Autonomous & Electric Vehicles ETF) are both exchange-traded funds - QCLN is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Green Energy Index, while DRIV is a Global Equities fund tracking the Solactive Autonomous & Electric Vehicles Index. Both are passively managed. Over the past 5 years, QCLN returned 0.23%/yr vs 9.02%/yr for DRIV. Their correlation of 0.83 suggests significant overlap in exposure. QCLN charges 0.59%/yr vs 0.68%/yr for DRIV.

Performance

QCLN vs. DRIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) and Global X Autonomous & Electric Vehicles ETF (DRIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QCLN achieves a 46.37% return, which is significantly higher than DRIV's 36.09% 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%

DRIV

• 1D: 0.36%
• 1M: -0.36%
• YTD: 36.09%
• 6M: 33.56%
• 1Y: 83.16%
• 3Y*: 19.16%
• 5Y*: 9.02%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QCLN vs. DRIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
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%	-9.98%
DRIV Global X Autonomous & Electric Vehicles ETF	36.09%	30.42%	-5.04%	26.14%	-34.13%	27.80%	62.76%	28.54%	-21.03%

Correlation

The correlation between QCLN and DRIV is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Apr 17, 2018	0.83

The correlation between QCLN and DRIV has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.

QCLN vs. DRIV - Sectors Allocation Comparison

Sectors	QCLN	DRIV
Technology	47.6%	37.3%
Industrials	24.8%	18.0%
Consumer Cyclical	10.2%	25.3%
Utilities	8.1%	-
Basic Materials	7.8%	13.7%
Financial Services	1.4%	-
Energy	0.1%	-
Communication Services	-	5.7%
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

QCLN vs. DRIV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QCLN

QCLN Risk / Return Rank: 85
QCLN Sharpe Ratio Rank: 90
QCLN Sortino Ratio Rank: 77
QCLN Omega Ratio Rank: 74
QCLN Calmar Ratio Rank: 94
QCLN Martin Ratio Rank: 92

DRIV

DRIV Risk / Return Rank: 89
DRIV Sharpe Ratio Rank: 92
DRIV Sortino Ratio Rank: 84
DRIV Omega Ratio Rank: 83
DRIV Calmar Ratio Rank: 93
DRIV Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QCLN vs. DRIV - 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 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.

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	DRIV	Difference
Sharpe ratio: Return per unit of total volatility	2.91	3.08	-0.17
Sortino ratio: Return per unit of downside risk	3.29	3.58	-0.29
Omega ratio: Gain probability vs. loss probability	1.42	1.48	-0.06
Calmar ratio: Return relative to maximum drawdown	6.54	6.23	+0.32
Martin ratio: Return relative to average drawdown	21.21	20.02	+1.19

QCLN vs. DRIV - Sharpe Ratio Comparison

The current QCLN Sharpe Ratio is 2.91, which is comparable to the DRIV Sharpe Ratio of 3.08. The chart below compares the historical Sharpe Ratios of QCLN and DRIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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 -41.93%. Use the drawdown chart below to compare losses from any high point for QCLN and DRIV.

Drawdown Indicators

	QCLN	DRIV	Difference
Max Drawdown Largest peak-to-trough decline	-76.18%	-41.93%	-34.25%
Max Drawdown (1Y) Largest decline over 1 year	-16.40%	-13.43%	-2.97%
Max Drawdown (3Y) Largest decline over 3 years	-56.08%	-34.18%	-21.90%
Max Drawdown (5Y) Largest decline over 5 years	-69.49%	-41.93%	-27.56%
Max Drawdown (10Y) Largest decline over 10 years	-71.73%	—	—
Current Drawdown Current decline from peak	-24.38%	-5.34%	-19.04%
Average Drawdown Average peak-to-trough decline	-43.40%	-15.08%	-28.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.05%	4.17%	+0.88%

Volatility

QCLN vs. DRIV - Volatility Comparison

First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) has a higher volatility of 16.78% compared to Global X Autonomous & Electric Vehicles ETF (DRIV) at 12.79%. 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.

Volatility by Period

	QCLN	DRIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.78%	12.79%	+3.99%
Volatility (6M) Calculated over the trailing 6-month period	29.37%	22.12%	+7.25%
Volatility (1Y) Calculated over the trailing 1-year period	36.95%	27.22%	+9.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.45%	27.49%	+10.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.18%	27.59%	+7.59%

QCLN vs. DRIV - Expense Ratio Comparison

QCLN has a 0.59% expense ratio, which is lower than DRIV's 0.68% expense ratio.

Dividends

QCLN vs. DRIV - Dividend Comparison

QCLN's dividend yield for the trailing twelve months is around 0.15%, less than DRIV's 0.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DRIV Global X Autonomous & Electric Vehicles ETF	0.79%	1.07%	2.07%	1.62%	1.24%	0.32%	0.29%	1.23%	2.79%	0.00%	0.00%	0.00%
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

Can I hold both QCLN and DRIV in my portfolio?

QCLN and DRIV have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QCLN or DRIV?

QCLN has higher volatility (16.78%) compared to DRIV (12.79%). In terms of maximum drawdown, QCLN dropped -76.18% vs DRIV's -41.93%.

Which ETF is better, QCLN or DRIV?

On 5-year performance, DRIV leads with 9.02% vs 0.23% for QCLN. On fees, QCLN is cheaper at 0.59% per year. On volatility, DRIV has been the lower-risk option at 12.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QCLN or DRIV?

Over the 5-year period, DRIV has performed better with a 9.02% return vs 0.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QCLN or DRIV?

QCLN is cheaper with a 0.59% expense ratio, compared with 0.68% for DRIV.

Which ETF pays a higher dividend yield, QCLN or DRIV?

DRIV has the higher dividend yield at 0.79%, compared with 0.15% for QCLN.

What is the main difference between QCLN and DRIV?

QCLN is categorized as Alternative Energy Equities, while DRIV is Global Equities. QCLN tracks Nasdaq Clean Edge Green Energy Index, while DRIV tracks Solactive Autonomous & Electric Vehicles Index. They also come from different issuers: First Trust and Global X. Their fees differ too: 0.59% for QCLN and 0.68% for DRIV.

Which has better risk-adjusted returns?

DRIV currently has the higher Sharpe Ratio (3.08 vs 2.91), 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.