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QCLN vs. ICLN
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.8

Performance

QCLN vs. ICLN - 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 iShares Global Clean Energy ETF (ICLN). The values are adjusted to include any dividend payments, if applicable.

-60.00%-40.00%-20.00%0.00%20.00%40.00%60.00%JulyAugustSeptemberOctoberNovemberDecember
45.34%
-69.20%
QCLN
ICLN

Key characteristics

Sharpe Ratio

QCLN:

-0.45

ICLN:

-0.90

Sortino Ratio

QCLN:

-0.45

ICLN:

-1.19

Omega Ratio

QCLN:

0.95

ICLN:

0.86

Calmar Ratio

QCLN:

-0.23

ICLN:

-0.31

Martin Ratio

QCLN:

-0.78

ICLN:

-1.64

Ulcer Index

QCLN:

19.20%

ICLN:

13.05%

Daily Std Dev

QCLN:

33.36%

ICLN:

23.70%

Max Drawdown

QCLN:

-76.18%

ICLN:

-87.15%

Current Drawdown

QCLN:

-59.98%

ICLN:

-69.20%

Returns By Period

In the year-to-date period, QCLN achieves a -17.16% return, which is significantly higher than ICLN's -24.80% return. Over the past 10 years, QCLN has outperformed ICLN with an annualized return of 7.95%, while ICLN has yielded a comparatively lower 3.64% annualized return.


QCLN

YTD

-17.16%

1M

3.58%

6M

1.26%

1Y

-17.47%

5Y*

7.70%

10Y*

7.95%

ICLN

YTD

-24.80%

1M

-3.70%

6M

-16.37%

1Y

-23.82%

5Y*

0.96%

10Y*

3.64%

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.


QCLN
First Trust NASDAQ Clean Edge Green Energy Index Fund
Expense ratio chart for QCLN: current value at 0.60% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.60%
Expense ratio chart for ICLN: current value at 0.46% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.46%

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.


Sharpe ratio
The chart of Sharpe ratio for QCLN, currently valued at -0.45, compared to the broader market0.002.004.00-0.45-0.90
The chart of Sortino ratio for QCLN, currently valued at -0.45, compared to the broader market-2.000.002.004.006.008.0010.00-0.45-1.19
The chart of Omega ratio for QCLN, currently valued at 0.95, compared to the broader market0.501.001.502.002.503.000.950.86
The chart of Calmar ratio for QCLN, currently valued at -0.23, compared to the broader market0.005.0010.0015.00-0.23-0.31
The chart of Martin ratio for QCLN, currently valued at -0.78, compared to the broader market0.0020.0040.0060.0080.00100.00-0.78-1.64
QCLN
ICLN

The current QCLN Sharpe Ratio is -0.45, which is higher than the ICLN Sharpe Ratio of -0.90. The chart below compares the historical Sharpe Ratios of QCLN and ICLN, 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-1.00-0.80-0.60-0.40-0.200.000.20JulyAugustSeptemberOctoberNovemberDecember
-0.45
-0.90
QCLN
ICLN

Dividends

QCLN vs. ICLN - Dividend Comparison

QCLN's dividend yield for the trailing twelve months is around 0.97%, less than ICLN's 1.82% yield.


TTM20232022202120202019201820172016201520142013
QCLN
First Trust NASDAQ Clean Edge Green Energy Index Fund
0.74%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 -87.15%. Use the drawdown chart below to compare losses from any high point for QCLN and ICLN. For additional features, visit the drawdowns tool.


-70.00%-65.00%-60.00%-55.00%JulyAugustSeptemberOctoberNovemberDecember
-59.98%
-69.20%
QCLN
ICLN

Volatility

QCLN vs. ICLN - Volatility Comparison

First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) has a higher volatility of 9.34% compared to iShares Global Clean Energy ETF (ICLN) at 5.75%. 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%JulyAugustSeptemberOctoberNovemberDecember
9.34%
5.75%
QCLN
ICLN
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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