QCLN vs. ENLT

Last updated Apr 3, 2026

Compare and contrast key facts about First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) and Enlight Renewable Energy Ltd. Ordinary Shares (ENLT).

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.

Performance

QCLN vs. ENLT - 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 Enlight Renewable Energy Ltd. Ordinary Shares (ENLT). The values are adjusted to include any dividend payments, if applicable.

QCLN vs. ENLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund	4.31%	31.81%	-18.86%	-22.67%
ENLT Enlight Renewable Energy Ltd. Ordinary Shares	56.12%	163.61%	-9.90%	7.83%

Returns By Period

In the year-to-date period, QCLN achieves a 4.31% return, which is significantly lower than ENLT's 56.12% return.

QCLN

• 1D: -0.81%
• 1M: -1.76%
• YTD: 4.31%
• 6M: 8.00%
• 1Y: 59.77%
• 3Y*: -2.46%
• 5Y*: -7.24%
• 10Y*: 12.87%

ENLT

• 1D: 3.97%
• 1M: -3.28%
• YTD: 56.12%
• 6M: 125.37%
• 1Y: 337.82%
• 3Y*: 61.27%
• 5Y*: —
• 10Y*: —

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

Return for Risk

QCLN vs. ENLT — Risk / Return Rank

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

QCLN

QCLN Risk / Return Rank: 81
QCLN Sharpe Ratio Rank: 80
QCLN Sortino Ratio Rank: 80
QCLN Omega Ratio Rank: 68
QCLN Calmar Ratio Rank: 92
QCLN Martin Ratio Rank: 85

ENLT

ENLT Risk / Return Rank: 99
ENLT Sharpe Ratio Rank: 100
ENLT Sortino Ratio Rank: 99
ENLT Omega Ratio Rank: 98
ENLT Calmar Ratio Rank: 100
ENLT Martin Ratio Rank: 100

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. ENLT - 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 Enlight Renewable Energy Ltd. Ordinary Shares (ENLT). 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	ENLT	Difference
Sharpe ratio Return per unit of total volatility	1.59	6.82	-5.22
Sortino ratio Return per unit of downside risk	2.20	5.44	-3.24
Omega ratio Gain probability vs. loss probability	1.27	1.71	-0.44
Calmar ratio Return relative to maximum drawdown	3.70	18.86	-15.17
Martin ratio Return relative to average drawdown	11.33	67.71	-56.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QCLN vs. ENLT - Sharpe Ratio Comparison

The current QCLN Sharpe Ratio is 1.59, which is lower than the ENLT Sharpe Ratio of 6.82. The chart below compares the historical Sharpe Ratios of QCLN and ENLT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QCLN	ENLT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	6.82	-5.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.19	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	1.29	-1.15

Correlation

The correlation between QCLN and ENLT is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

QCLN vs. ENLT - Dividend Comparison

QCLN's dividend yield for the trailing twelve months is around 0.22%, while ENLT has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund	0.22%	0.25%	0.87%	0.76%	0.33%	0.01%	0.30%	0.85%	1.03%	0.45%	1.24%	0.72%
ENLT Enlight Renewable Energy Ltd. Ordinary Shares	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

QCLN vs. ENLT - Drawdown Comparison

The maximum QCLN drawdown since its inception was -76.18%, which is greater than ENLT's maximum drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for QCLN and ENLT.

Drawdown Indicators

	QCLN	ENLT	Difference
Max Drawdown Largest peak-to-trough decline	-76.18%	-39.32%	-36.86%
Max Drawdown (1Y) Largest decline over 1 year	-15.86%	-17.98%	+2.12%
Max Drawdown (5Y) Largest decline over 5 years	-69.49%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-71.73%	—	—
Current Drawdown Current decline from peak	-46.11%	-9.43%	-36.68%
Average Drawdown Average peak-to-trough decline	-43.54%	-12.34%	-31.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.28%	5.01%	+0.27%

Volatility

QCLN vs. ENLT - Volatility Comparison

The current volatility for First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) is 13.62%, while Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) has a volatility of 21.11%. This indicates that QCLN experiences smaller price fluctuations and is considered to be less risky than ENLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QCLN	ENLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.62%	21.11%	-7.49%
Volatility (6M) Calculated over the trailing 6-month period	27.19%	39.89%	-12.70%
Volatility (1Y) Calculated over the trailing 1-year period	37.73%	49.94%	-12.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.86%	43.24%	-5.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.62%	43.24%	-8.62%