QCLN vs. IBID
QCLN (First Trust NASDAQ Clean Edge Green Energy Index Fund) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - QCLN is a Alternative Energy Equities fund tracking the NASDAQ Clean Edge Green Energy, while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, QCLN returned 120.21% vs 4.83% for IBID. At a 0.04 correlation, their price movements are largely independent. QCLN charges 0.60%/yr vs 0.10%/yr for IBID.
Performance
QCLN vs. IBID - Performance Comparison
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Returns By Period
In the year-to-date period, QCLN achieves a 52.94% return, which is significantly higher than IBID's 2.46% return.
QCLN
- 1D
- -0.41%
- 1M
- 16.40%
- YTD
- 52.94%
- 6M
- 50.79%
- 1Y
- 120.21%
- 3Y*
- 12.03%
- 5Y*
- 2.16%
- 10Y*
- 17.39%
IBID
- 1D
- 0.08%
- 1M
- 0.49%
- YTD
- 2.46%
- 6M
- 2.57%
- 1Y
- 4.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QCLN vs. IBID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 52.94% | 31.81% | -18.86% | -8.23% |
IBID iShares iBonds Oct 2027 Term TIPS ETF | 2.46% | 5.66% | 4.71% | 2.61% |
Correlation
The correlation between QCLN and IBID is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2023 | 0.04 |
The correlation between QCLN and IBID shifts across timeframes, from -0.16 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QCLN vs. IBID — Risk / Return Rank
QCLN
IBID
QCLN vs. IBID - 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 iShares iBonds Oct 2027 Term TIPS ETF (IBID). 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 | IBID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -2.89 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.94 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | 7.62 | 13.33 | -5.70 |
| Martin ratioReturn relative to average drawdown | 26.28 | 39.52 | -13.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QCLN | IBID | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.49 | 3.91 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 2.56 | -2.36 |
Drawdowns
QCLN vs. IBID - Drawdown Comparison
The maximum QCLN drawdown since its inception was -76.18%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for QCLN and IBID.
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Drawdown Indicators
| QCLN | IBID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.18% | -1.28% | -74.90% |
Max Drawdown (1Y)Largest decline over 1 year | -15.86% | -0.36% | -15.50% |
Max Drawdown (3Y)Largest decline over 3 years | -56.08% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -69.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -71.73% | — | — |
Current DrawdownCurrent decline from peak | -20.99% | 0.00% | -20.99% |
Average DrawdownAverage peak-to-trough decline | -43.45% | -0.22% | -43.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.59% | 0.12% | +4.47% |
Volatility
QCLN vs. IBID - Volatility Comparison
First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) has a higher volatility of 12.56% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.32%. This indicates that QCLN's price experiences larger fluctuations and is considered to be riskier than IBID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QCLN | IBID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.56% | 0.32% | +12.24% |
Volatility (6M)Calculated over the trailing 6-month period | 26.02% | 0.80% | +25.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.88% | 1.25% | +33.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.97% | 2.25% | +35.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.91% | 2.25% | +32.66% |
QCLN vs. IBID - Expense Ratio Comparison
QCLN has a 0.60% expense ratio, which is higher than IBID's 0.10% expense ratio.
Dividends
QCLN vs. IBID - Dividend Comparison
QCLN's dividend yield for the trailing twelve months is around 0.15%, less than IBID's 3.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBID iShares iBonds Oct 2027 Term TIPS ETF | 3.66% | 4.43% | 4.24% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
QCLN and IBID have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QCLN has higher volatility (12.56%) compared to IBID (0.32%). In terms of maximum drawdown, QCLN dropped -76.18% vs IBID's -1.28%.
On 1-year performance, QCLN leads with 120.21% vs 4.83% for IBID. On fees, IBID is cheaper at 0.10% per year. On volatility, IBID has been the lower-risk option at 0.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QCLN has performed better with a 120.21% return vs 4.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBID is cheaper with a 0.10% expense ratio, compared with 0.60% for QCLN.
IBID has the higher dividend yield at 3.66%, compared with 0.15% for QCLN.
QCLN is categorized as Alternative Energy Equities, while IBID is Inflation-Protected Bonds. QCLN tracks NASDAQ Clean Edge Green Energy, while IBID tracks ICE 2027 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.60% for QCLN and 0.10% for IBID.
IBID currently has the higher Sharpe Ratio (3.91 vs 3.49), 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.
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