QCLN vs. ICLN
Compare and contrast key facts about First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) and iShares Global Clean Energy ETF (ICLN).
QCLN and ICLN 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. ICLN is a passively managed fund by iShares that tracks the performance of the S&P Global Clean Energy Index. It was launched on Jun 24, 2008. Both QCLN and ICLN 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 ICLN.
Performance
QCLN vs. ICLN - Performance Comparison
Returns By Period
In the year-to-date period, QCLN achieves a -19.64% return, which is significantly higher than ICLN's -22.30% return. Over the past 10 years, QCLN has outperformed ICLN with an annualized return of 7.14%, while ICLN has yielded a comparatively lower 3.41% annualized return.
QCLN
-19.64%
0.69%
-6.41%
-5.37%
9.14%
7.14%
ICLN
-22.30%
-9.76%
-16.96%
-12.39%
3.68%
3.41%
Key characteristics
| QCLN | ICLN | |
|---|---|---|
| Sharpe Ratio | -0.15 | -0.51 |
| Sortino Ratio | 0.02 | -0.59 |
| Omega Ratio | 1.00 | 0.93 |
| Calmar Ratio | -0.08 | -0.19 |
| Martin Ratio | -0.29 | -1.12 |
| Ulcer Index | 18.56% | 11.37% |
| Daily Std Dev | 34.43% | 24.74% |
| Max Drawdown | -76.18% | -87.16% |
| Current Drawdown | -61.18% | -68.20% |
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. ICLN - Expense Ratio Comparison
QCLN has a 0.60% expense ratio, which is higher than ICLN's 0.46% expense ratio.
Correlation
The correlation between QCLN and ICLN is 0.78, 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.
Risk-Adjusted Performance
QCLN vs. ICLN - 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 iShares Global Clean Energy ETF (ICLN). 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.
Dividends
QCLN vs. ICLN - Dividend Comparison
QCLN's dividend yield for the trailing twelve months is around 1.00%, less than ICLN's 1.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 1.00% | 0.76% | 0.33% | 0.01% | 0.30% | 0.85% | 1.03% | 0.45% | 1.25% | 0.72% | 0.78% | 0.41% |
ICLN iShares Global Clean Energy ETF | 1.82% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% | 2.83% | 2.11% |
Drawdowns
QCLN vs. ICLN - Drawdown Comparison
The maximum QCLN drawdown since its inception was -76.18%, smaller than the maximum ICLN drawdown of -87.16%. Use the drawdown chart below to compare losses from any high point for QCLN and ICLN. For additional features, visit the drawdowns tool.
Volatility
QCLN vs. ICLN - Volatility Comparison
The current volatility for First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) is 8.15%, while iShares Global Clean Energy ETF (ICLN) has a volatility of 9.40%. This indicates that QCLN experiences smaller price fluctuations and is considered to be less risky than ICLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.