QCLN vs. PBW
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
| QCLN | PBW | |
|---|---|---|
| YTD Return | -23.45% | -30.79% |
| 1Y Return | -25.78% | -38.41% |
| 3Y Return (Ann) | -20.51% | -36.80% |
| 5Y Return (Ann) | 9.03% | -4.61% |
| 10Y Return (Ann) | 6.25% | -2.58% |
| Sharpe Ratio | -0.81 | -1.03 |
| Daily Std Dev | 33.68% | 38.43% |
| Max Drawdown | -76.18% | -87.01% |
| Current Drawdown | -63.02% | -83.63% |
Correlation
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.
Performance
QCLN vs. PBW - Performance Comparison
In the year-to-date period, QCLN achieves a -23.45% return, which is significantly higher than PBW's -30.79% return. Over the past 10 years, QCLN has outperformed PBW with an annualized return of 6.25%, while PBW has yielded a comparatively lower -2.58% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
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.
Dividends
QCLN vs. PBW - Dividend Comparison
QCLN's dividend yield for the trailing twelve months is around 0.83%, less than PBW's 3.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 0.83% | 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 | 3.87% | 3.68% | 4.21% | 1.71% | 0.44% | 1.45% | 2.89% | 1.28% | 2.68% | 1.53% | 2.96% | 2.18% |
Drawdowns
QCLN vs. PBW - Drawdown Comparison
The maximum QCLN drawdown since its inception was -76.18%, smaller than the maximum PBW drawdown of -87.01%. Use the drawdown chart below to compare losses from any high point for QCLN and PBW. For additional features, visit the drawdowns tool.
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 9.13% and 9.38%, 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.