PortfoliosLab logo
QCLN vs. GRID
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between QCLN and GRID is 0.71, 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.


-0.50.00.51.0
Correlation: 0.7

Performance

QCLN vs. GRID - 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 First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID). The values are adjusted to include any dividend payments, if applicable.

50.00%100.00%150.00%200.00%250.00%300.00%350.00%400.00%NovemberDecember2025FebruaryMarchApril
106.12%
355.38%
QCLN
GRID

Key characteristics

Sharpe Ratio

QCLN:

-0.26

GRID:

0.29

Sortino Ratio

QCLN:

-0.13

GRID:

0.57

Omega Ratio

QCLN:

0.99

GRID:

1.07

Calmar Ratio

QCLN:

-0.13

GRID:

0.33

Martin Ratio

QCLN:

-0.64

GRID:

1.17

Ulcer Index

QCLN:

14.84%

GRID:

5.78%

Daily Std Dev

QCLN:

36.64%

GRID:

23.04%

Max Drawdown

QCLN:

-76.18%

GRID:

-40.55%

Current Drawdown

QCLN:

-68.25%

GRID:

-9.11%

Returns By Period

In the year-to-date period, QCLN achieves a -18.98% return, which is significantly lower than GRID's -2.31% return. Over the past 10 years, QCLN has underperformed GRID with an annualized return of 4.34%, while GRID has yielded a comparatively higher 13.75% annualized return.


QCLN

YTD

-18.98%

1M

-10.14%

6M

-18.00%

1Y

-12.05%

5Y*

4.30%

10Y*

4.34%

GRID

YTD

-2.31%

1M

-2.49%

6M

-6.49%

1Y

4.90%

5Y*

22.23%

10Y*

13.75%

*Annualized

Compare stocks, funds, or ETFs

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


QCLN vs. GRID - Expense Ratio Comparison

QCLN has a 0.60% expense ratio, which is lower than GRID's 0.70% expense ratio.


Expense ratio chart for GRID: current value is 0.70%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
GRID: 0.70%
Expense ratio chart for QCLN: current value is 0.60%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
QCLN: 0.60%

Risk-Adjusted Performance

QCLN vs. GRID — Risk-Adjusted Performance Rank

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

QCLN
The Risk-Adjusted Performance Rank of QCLN is 1212
Overall Rank
The Sharpe Ratio Rank of QCLN is 1111
Sharpe Ratio Rank
The Sortino Ratio Rank of QCLN is 1313
Sortino Ratio Rank
The Omega Ratio Rank of QCLN is 1313
Omega Ratio Rank
The Calmar Ratio Rank of QCLN is 1313
Calmar Ratio Rank
The Martin Ratio Rank of QCLN is 1111
Martin Ratio Rank

GRID
The Risk-Adjusted Performance Rank of GRID is 4646
Overall Rank
The Sharpe Ratio Rank of GRID is 4545
Sharpe Ratio Rank
The Sortino Ratio Rank of GRID is 4646
Sortino Ratio Rank
The Omega Ratio Rank of GRID is 4444
Omega Ratio Rank
The Calmar Ratio Rank of GRID is 5050
Calmar Ratio Rank
The Martin Ratio Rank of GRID is 4747
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

QCLN vs. GRID - 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 First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID). 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.


The chart of Sharpe ratio for QCLN, currently valued at -0.26, compared to the broader market-1.000.001.002.003.004.00
QCLN: -0.26
GRID: 0.29
The chart of Sortino ratio for QCLN, currently valued at -0.13, compared to the broader market-2.000.002.004.006.008.00
QCLN: -0.13
GRID: 0.57
The chart of Omega ratio for QCLN, currently valued at 0.99, compared to the broader market0.501.001.502.002.50
QCLN: 0.99
GRID: 1.07
The chart of Calmar ratio for QCLN, currently valued at -0.13, compared to the broader market0.002.004.006.008.0010.0012.00
QCLN: -0.13
GRID: 0.33
The chart of Martin ratio for QCLN, currently valued at -0.64, compared to the broader market0.0020.0040.0060.00
QCLN: -0.64
GRID: 1.17

The current QCLN Sharpe Ratio is -0.26, which is lower than the GRID Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of QCLN and GRID, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
-0.26
0.29
QCLN
GRID

Dividends

QCLN vs. GRID - Dividend Comparison

QCLN's dividend yield for the trailing twelve months is around 1.15%, more than GRID's 1.12% yield.


TTM20242023202220212020201920182017201620152014
QCLN
First Trust NASDAQ Clean Edge Green Energy Index Fund
1.15%0.87%0.76%0.33%0.01%0.30%0.85%1.03%0.45%1.25%0.72%0.78%
GRID
First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index
1.12%1.06%1.23%1.26%0.63%0.68%1.26%1.28%1.07%1.07%1.23%1.45%

Drawdowns

QCLN vs. GRID - Drawdown Comparison

The maximum QCLN drawdown since its inception was -76.18%, which is greater than GRID's maximum drawdown of -40.55%. Use the drawdown chart below to compare losses from any high point for QCLN and GRID. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2025FebruaryMarchApril
-68.25%
-9.11%
QCLN
GRID

Volatility

QCLN vs. GRID - Volatility Comparison

First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) has a higher volatility of 18.83% compared to First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) at 13.69%. This indicates that QCLN's price experiences larger fluctuations and is considered to be riskier than GRID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%NovemberDecember2025FebruaryMarchApril
18.83%
13.69%
QCLN
GRID