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QCLN vs. GRID

Last updated Feb 28, 2024

Compare and contrast key facts about First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID).

QCLN and GRID 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. GRID is a passively managed fund by First Trust that tracks the performance of the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index. It was launched on Nov 17, 2009. Both QCLN and GRID 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 GRID.

Key characteristics


QCLNGRID
YTD Return-18.00%3.16%
1Y Return-34.89%15.30%
3Y Return (Ann)-21.88%9.59%
5Y Return (Ann)11.17%20.35%
10Y Return (Ann)6.00%12.50%
Sharpe Ratio-0.971.00
Daily Std Dev33.94%16.91%
Max Drawdown-76.18%-40.55%
Current Drawdown-60.39%0.00%

Correlation

0.66
-1.001.00

The correlation between QCLN and GRID is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

QCLN vs. GRID - Performance Comparison

In the year-to-date period, QCLN achieves a -18.00% return, which is significantly lower than GRID's 3.16% return. Over the past 10 years, QCLN has underperformed GRID with an annualized return of 6.00%, while GRID has yielded a comparatively higher 12.50% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-30.00%-20.00%-10.00%0.00%10.00%SeptemberOctoberNovemberDecember2024February
-27.14%
7.22%
QCLN
GRID

Compare stocks, funds, or ETFs


First Trust NASDAQ Clean Edge Green Energy Index Fund

First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index

QCLN vs. GRID - Dividend Comparison

QCLN's dividend yield for the trailing twelve months is around 0.92%, less than GRID's 1.20% yield.


TTM20232022202120202019201820172016201520142013
QCLN
First Trust NASDAQ Clean Edge Green Energy Index Fund
0.92%0.76%0.33%0.01%0.30%0.85%1.03%0.45%1.24%0.72%0.79%0.41%
GRID
First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index
1.20%1.23%1.26%0.63%0.68%1.26%1.28%1.07%1.07%1.23%1.46%1.35%

QCLN vs. GRID - Expense Ratio Comparison

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

0.70%
0.00%2.15%
0.60%
0.00%2.15%

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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
QCLN
First Trust NASDAQ Clean Edge Green Energy Index Fund
-0.97
GRID
First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index
1.00

QCLN vs. GRID - Sharpe Ratio Comparison

The current QCLN Sharpe Ratio is -0.97, which is lower than the GRID Sharpe Ratio of 1.00. The chart below compares the 12-month rolling Sharpe Ratio of QCLN and GRID.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.001.50SeptemberOctoberNovemberDecember2024February
-0.97
1.00
QCLN
GRID

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%. The drawdown chart below compares losses from any high point along the way for QCLN and GRID


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%SeptemberOctoberNovemberDecember2024February
-60.39%
0
QCLN
GRID

QCLN vs. GRID - Volatility Comparison

First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) has a higher volatility of 11.50% compared to First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) at 5.03%. 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.


4.00%6.00%8.00%10.00%12.00%14.00%SeptemberOctoberNovemberDecember2024February
11.50%
5.03%
QCLN
GRID