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QCLN vs. ICLN

Last updated Mar 2, 2024

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.

Key characteristics


QCLNICLN
YTD Return-15.01%-9.25%
1Y Return-31.52%-26.02%
3Y Return (Ann)-21.00%-17.44%
5Y Return (Ann)12.19%9.04%
10Y Return (Ann)6.06%4.02%
Sharpe Ratio-0.96-1.04
Daily Std Dev33.90%25.38%
Max Drawdown-76.18%-87.16%
Current Drawdown-58.95%-62.86%

Correlation

0.78
-1.001.00

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.

QCLN vs. ICLN - Performance Comparison

In the year-to-date period, QCLN achieves a -15.01% return, which is significantly lower than ICLN's -9.25% return. Over the past 10 years, QCLN has outperformed ICLN with an annualized return of 6.06%, while ICLN has yielded a comparatively lower 4.02% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-50.00%0.00%50.00%100.00%OctoberNovemberDecember2024FebruaryMarch
49.11%
-62.86%
QCLN
ICLN

Compare stocks, funds, or ETFs


First Trust NASDAQ Clean Edge Green Energy Index Fund

iShares Global Clean Energy ETF

QCLN vs. ICLN - Dividend Comparison

QCLN's dividend yield for the trailing twelve months is around 0.89%, less than ICLN's 1.75% yield.


TTM20232022202120202019201820172016201520142013
QCLN
First Trust NASDAQ Clean Edge Green Energy Index Fund
0.89%0.76%0.33%0.01%0.30%0.85%1.03%0.45%1.24%0.72%0.79%0.41%
ICLN
iShares Global Clean Energy ETF
1.75%1.59%0.89%1.18%0.34%1.36%2.77%2.49%3.88%2.36%2.82%2.10%

QCLN vs. ICLN - Expense Ratio Comparison

QCLN has a 0.60% expense ratio, which is higher than ICLN's 0.46% expense ratio.

0.60%
0.00%2.15%
0.46%
0.00%2.15%

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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
QCLN
First Trust NASDAQ Clean Edge Green Energy Index Fund
-0.96
ICLN
iShares Global Clean Energy ETF
-1.04

QCLN vs. ICLN - Sharpe Ratio Comparison

The current QCLN Sharpe Ratio is -0.96, which roughly equals the ICLN Sharpe Ratio of -1.04. The chart below compares the 12-month rolling Sharpe Ratio of QCLN and ICLN.


Rolling 12-month Sharpe Ratio-1.50-1.00-0.500.00OctoberNovemberDecember2024FebruaryMarch
-0.96
-1.04
QCLN
ICLN

QCLN vs. ICLN - Drawdown Comparison

The maximum QCLN drawdown since its inception was -76.18%, smaller than the maximum ICLN drawdown of -87.16%. The drawdown chart below compares losses from any high point along the way for QCLN and ICLN


-65.00%-60.00%-55.00%-50.00%-45.00%OctoberNovemberDecember2024FebruaryMarch
-58.95%
-62.86%
QCLN
ICLN

QCLN vs. ICLN - Volatility Comparison

First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) has a higher volatility of 10.88% compared to iShares Global Clean Energy ETF (ICLN) at 8.88%. This indicates that QCLN's price experiences larger fluctuations and is considered to be riskier than ICLN 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%OctoberNovemberDecember2024FebruaryMarch
10.88%
8.88%
QCLN
ICLN