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QCLN vs. PBW

Last updated Feb 28, 2024

Compare and contrast key facts about First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) and Invesco WilderHill Clean Energy ETF (PBW).

QCLN and PBW 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. PBW is a passively managed fund by Invesco that tracks the performance of the The WilderHill Clean Energy Index (AMEX). It was launched on Mar 3, 2005. Both QCLN and PBW 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 PBW.

Key characteristics


QCLNPBW
YTD Return-18.00%-20.69%
1Y Return-34.89%-43.18%
3Y Return (Ann)-21.88%-38.28%
5Y Return (Ann)11.17%-1.45%
10Y Return (Ann)6.00%-2.32%
Sharpe Ratio-0.97-1.08
Daily Std Dev33.94%38.93%
Max Drawdown-76.18%-87.01%
Current Drawdown-60.39%-81.25%

Correlation

0.91
-1.001.00

The correlation between QCLN and PBW is 0.91, 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. PBW - Performance Comparison

In the year-to-date period, QCLN achieves a -18.00% return, which is significantly higher than PBW's -20.69% return. Over the past 10 years, QCLN has outperformed PBW with an annualized return of 6.00%, while PBW has yielded a comparatively lower -2.32% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-40.00%-30.00%-20.00%-10.00%0.00%SeptemberOctoberNovemberDecember2024February
-27.14%
-34.96%
QCLN
PBW

Compare stocks, funds, or ETFs


First Trust NASDAQ Clean Edge Green Energy Index Fund

Invesco WilderHill Clean Energy ETF

QCLN vs. PBW - Dividend Comparison

QCLN's dividend yield for the trailing twelve months is around 0.92%, less than PBW's 4.64% yield.


TTM20232022202120202019201820172016201520142013
QCLN
First Trust NASDAQ Clean Edge Green Energy Index Fund
0.92%0.76%0.33%0.01%0.30%0.85%1.03%0.45%1.24%0.72%0.79%0.41%
PBW
Invesco WilderHill Clean Energy ETF
4.64%3.68%4.21%1.71%0.44%1.45%2.89%1.28%2.68%1.53%2.96%2.18%

QCLN vs. PBW - Expense Ratio Comparison

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

0.61%
0.00%2.15%
0.60%
0.00%2.15%

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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
QCLN
First Trust NASDAQ Clean Edge Green Energy Index Fund
-0.97
PBW
Invesco WilderHill Clean Energy ETF
-1.08

QCLN vs. PBW - Sharpe Ratio Comparison

The current QCLN Sharpe Ratio is -0.97, which roughly equals the PBW Sharpe Ratio of -1.08. The chart below compares the 12-month rolling Sharpe Ratio of QCLN and PBW.


Rolling 12-month Sharpe Ratio-1.40-1.20-1.00-0.80-0.60-0.40-0.20SeptemberOctoberNovemberDecember2024February
-0.97
-1.08
QCLN
PBW

QCLN vs. PBW - Drawdown Comparison

The maximum QCLN drawdown since its inception was -76.18%, smaller than the maximum PBW drawdown of -87.01%. The drawdown chart below compares losses from any high point along the way for QCLN and PBW


-80.00%-70.00%-60.00%-50.00%SeptemberOctoberNovemberDecember2024February
-60.39%
-81.25%
QCLN
PBW

QCLN vs. PBW - Volatility Comparison

The current volatility for First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) is 11.50%, while Invesco WilderHill Clean Energy ETF (PBW) has a volatility of 15.32%. This indicates that QCLN experiences smaller price fluctuations and is considered to be less risky than PBW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


6.00%8.00%10.00%12.00%14.00%16.00%SeptemberOctoberNovemberDecember2024February
11.50%
15.32%
QCLN
PBW