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

Correlation

The correlation between QCLN and PBW is 0.68, 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.


-0.50.00.51.0
Correlation: 0.7

Performance

QCLN vs. PBW - 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 Invesco WilderHill Clean Energy ETF (PBW). The values are adjusted to include any dividend payments, if applicable.

-50.00%0.00%50.00%100.00%NovemberDecember2025FebruaryMarchApril
51.37%
-76.69%
QCLN
PBW

Key characteristics

Sharpe Ratio

QCLN:

-0.26

PBW:

-0.42

Sortino Ratio

QCLN:

-0.13

PBW:

-0.37

Omega Ratio

QCLN:

0.99

PBW:

0.96

Calmar Ratio

QCLN:

-0.13

PBW:

-0.19

Martin Ratio

QCLN:

-0.64

PBW:

-0.93

Ulcer Index

QCLN:

14.84%

PBW:

18.73%

Daily Std Dev

QCLN:

36.64%

PBW:

41.54%

Max Drawdown

QCLN:

-76.18%

PBW:

-89.02%

Current Drawdown

QCLN:

-68.25%

PBW:

-87.21%

Returns By Period

In the year-to-date period, QCLN achieves a -18.98% return, which is significantly higher than PBW's -21.89% return. Over the past 10 years, QCLN has outperformed PBW with an annualized return of 4.34%, while PBW has yielded a comparatively lower -4.11% annualized return.


QCLN

YTD

-18.98%

1M

-10.14%

6M

-18.00%

1Y

-12.05%

5Y*

4.30%

10Y*

4.34%

PBW

YTD

-21.89%

1M

-9.86%

6M

-21.93%

1Y

-18.86%

5Y*

-10.02%

10Y*

-4.11%

*Annualized

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QCLN vs. PBW - Expense Ratio Comparison

QCLN has a 0.60% expense ratio, which is lower than PBW's 0.61% expense ratio.


Expense ratio chart for PBW: current value is 0.61%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
PBW: 0.61%
Expense ratio chart for QCLN: current value is 0.60%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
QCLN: 0.60%

Risk-Adjusted Performance

QCLN vs. PBW — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QCLN
The Risk-Adjusted Performance Rank of QCLN is 1212
Overall Rank
The Sharpe Ratio Rank of QCLN is 1111
Sharpe Ratio Rank
The Sortino Ratio Rank of QCLN is 1313
Sortino Ratio Rank
The Omega Ratio Rank of QCLN is 1313
Omega Ratio Rank
The Calmar Ratio Rank of QCLN is 1313
Calmar Ratio Rank
The Martin Ratio Rank of QCLN is 1111
Martin Ratio Rank

PBW
The Risk-Adjusted Performance Rank of PBW is 88
Overall Rank
The Sharpe Ratio Rank of PBW is 77
Sharpe Ratio Rank
The Sortino Ratio Rank of PBW is 88
Sortino Ratio Rank
The Omega Ratio Rank of PBW is 99
Omega Ratio Rank
The Calmar Ratio Rank of PBW is 1010
Calmar Ratio Rank
The Martin Ratio Rank of PBW is 77
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

QCLN vs. PBW - 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 Invesco WilderHill Clean Energy ETF (PBW). 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.


The chart of Sharpe ratio for QCLN, currently valued at -0.26, compared to the broader market-1.000.001.002.003.004.00
QCLN: -0.26
PBW: -0.42
The chart of Sortino ratio for QCLN, currently valued at -0.13, compared to the broader market-2.000.002.004.006.008.00
QCLN: -0.13
PBW: -0.37
The chart of Omega ratio for QCLN, currently valued at 0.99, compared to the broader market0.501.001.502.002.50
QCLN: 0.99
PBW: 0.96
The chart of Calmar ratio for QCLN, currently valued at -0.13, compared to the broader market0.002.004.006.008.0010.0012.00
QCLN: -0.13
PBW: -0.19
The chart of Martin ratio for QCLN, currently valued at -0.64, compared to the broader market0.0020.0040.0060.00
QCLN: -0.64
PBW: -0.93

The current QCLN Sharpe Ratio is -0.26, which is higher than the PBW Sharpe Ratio of -0.42. The chart below compares the historical Sharpe Ratios of QCLN and PBW, 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-1.00-0.80-0.60-0.40-0.200.000.20NovemberDecember2025FebruaryMarchApril
-0.26
-0.42
QCLN
PBW

Dividends

QCLN vs. PBW - Dividend Comparison

QCLN's dividend yield for the trailing twelve months is around 1.15%, less than PBW's 2.68% yield.


TTM20242023202220212020201920182017201620152014
QCLN
First Trust NASDAQ Clean Edge Green Energy Index Fund
1.15%0.87%0.76%0.33%0.01%0.30%0.85%1.03%0.45%1.25%0.72%0.78%
PBW
Invesco WilderHill Clean Energy ETF
2.68%2.84%3.68%4.21%1.71%0.44%1.45%2.89%1.28%2.68%1.53%2.96%

Drawdowns

QCLN vs. PBW - Drawdown Comparison

The maximum QCLN drawdown since its inception was -76.18%, smaller than the maximum PBW drawdown of -89.02%. Use the drawdown chart below to compare losses from any high point for QCLN and PBW. For additional features, visit the drawdowns tool.


-90.00%-85.00%-80.00%-75.00%-70.00%-65.00%-60.00%-55.00%NovemberDecember2025FebruaryMarchApril
-68.25%
-87.21%
QCLN
PBW

Volatility

QCLN vs. PBW - Volatility Comparison

First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) and Invesco WilderHill Clean Energy ETF (PBW) have volatilities of 18.83% and 18.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


6.00%8.00%10.00%12.00%14.00%16.00%18.00%NovemberDecember2025FebruaryMarchApril
18.83%
18.92%
QCLN
PBW