QCLN vs. SPYM

Last updated Jun 14, 2026

QCLN (First Trust NASDAQ Clean Edge Green Energy Index Fund) and SPYM (State Street SPDR Portfolio S&P 500 ETF) are both exchange-traded funds - QCLN is a Alternative Energy Equities fund tracking the NASDAQ Clean Edge Green Energy, while SPYM is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, QCLN returned 16.43%/yr vs 15.52%/yr for SPYM. A 0.67 correlation means they provide meaningful diversification when combined. QCLN charges 0.60%/yr vs 0.02%/yr for SPYM.

Performance

QCLN vs. SPYM - 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 State Street SPDR Portfolio S&P 500 ETF (SPYM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QCLN achieves a 37.91% return, which is significantly higher than SPYM's 9.10% return. Over the past 10 years, QCLN has outperformed SPYM with an annualized return of 16.43%, while SPYM has yielded a comparatively lower 15.52% annualized return.

QCLN

• 1D: 1.67%
• 1M: -2.49%
• YTD: 37.91%
• 6M: 35.67%
• 1Y: 90.42%
• 3Y*: 6.19%
• 5Y*: -0.62%
• 10Y*: 16.43%

SPYM

• 1D: 0.53%
• 1M: -0.85%
• YTD: 9.10%
• 6M: 9.42%
• 1Y: 25.76%
• 3Y*: 20.95%
• 5Y*: 13.43%
• 10Y*: 15.52%

*Multi-year figures are annualized to reflect compound growth (CAGR)

QCLN vs. SPYM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund	37.91%	31.81%	-18.86%	-10.02%	-30.37%	-3.21%	184.00%	42.65%	-12.38%	32.34%
SPYM State Street SPDR Portfolio S&P 500 ETF	9.10%	17.79%	25.00%	26.24%	-18.09%	28.78%	18.49%	31.99%	-4.78%	21.30%

Correlation

The correlation between QCLN and SPYM is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.68
Correlation (All Time) Calculated using the full available price history since Feb 14, 2007	0.67

The correlation between QCLN and SPYM has been stable across timeframes, ranging from 0.66 to 0.69 - a consistent structural relationship.

QCLN vs. SPYM - Sectors Allocation Comparison

Sectors	QCLN	SPYM
Technology	47.6%	39.0%
Industrials	24.8%	7.8%
Consumer Cyclical	10.2%	9.9%
Utilities	8.1%	2.1%
Basic Materials	7.8%	1.7%
Financial Services	1.4%	11.1%
Energy	0.1%	3.1%
Communication Services	-	10.6%
Consumer Defensive	-	4.5%
Healthcare	-	8.3%
Real Estate	-	1.8%

Return for Risk

QCLN vs. SPYM — Risk / Return Rank

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

QCLN

QCLN Risk / Return Rank: 83
QCLN Sharpe Ratio Rank: 87
QCLN Sortino Ratio Rank: 75
QCLN Omega Ratio Rank: 73
QCLN Calmar Ratio Rank: 92
QCLN Martin Ratio Rank: 90

SPYM

SPYM Risk / Return Rank: 70
SPYM Sharpe Ratio Rank: 72
SPYM Sortino Ratio Rank: 69
SPYM Omega Ratio Rank: 72
SPYM Calmar Ratio Rank: 63
SPYM Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QCLN vs. SPYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) and State Street SPDR Portfolio S&P 500 ETF (SPYM). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	QCLN	SPYM	Difference
Sharpe ratio: Return per unit of total volatility	2.46	2.00	+0.47
Sortino ratio: Return per unit of downside risk	2.89	2.70	+0.19
Omega ratio: Gain probability vs. loss probability	1.37	1.36	+0.01
Calmar ratio: Return relative to maximum drawdown	5.51	2.75	+2.76
Martin ratio: Return relative to average drawdown	18.21	12.42	+5.79

QCLN vs. SPYM - Sharpe Ratio Comparison

The current QCLN Sharpe Ratio is 2.46, which is comparable to the SPYM Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of QCLN and SPYM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QCLN vs. SPYM - Drawdown Comparison

The maximum QCLN drawdown since its inception was -76.18%, which is greater than SPYM's maximum drawdown of -54.46%. Use the drawdown chart below to compare losses from any high point for QCLN and SPYM.

Drawdown Indicators

	QCLN	SPYM	Difference
Max Drawdown Largest peak-to-trough decline	-76.18%	-54.46%	-21.72%
Max Drawdown (1Y) Largest decline over 1 year	-16.40%	-8.90%	-7.50%
Max Drawdown (3Y) Largest decline over 3 years	-56.08%	-18.72%	-37.36%
Max Drawdown (5Y) Largest decline over 5 years	-69.49%	-24.48%	-45.01%
Max Drawdown (10Y) Largest decline over 10 years	-71.73%	-33.87%	-37.86%
Current Drawdown Current decline from peak	-28.75%	-2.35%	-26.40%
Average Drawdown Average peak-to-trough decline	-43.42%	-7.15%	-36.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.95%	1.97%	+2.98%

Volatility

QCLN vs. SPYM - Volatility Comparison

First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) has a higher volatility of 16.96% compared to State Street SPDR Portfolio S&P 500 ETF (SPYM) at 4.33%. This indicates that QCLN's price experiences larger fluctuations and is considered to be riskier than SPYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QCLN	SPYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.96%	4.33%	+12.63%
Volatility (6M) Calculated over the trailing 6-month period	28.95%	9.58%	+19.37%
Volatility (1Y) Calculated over the trailing 1-year period	36.71%	12.26%	+24.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.33%	16.87%	+21.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.10%	18.03%	+17.07%

QCLN vs. SPYM - Expense Ratio Comparison

QCLN has a 0.60% expense ratio, which is higher than SPYM's 0.02% expense ratio.

Dividends

QCLN vs. SPYM - Dividend Comparison

QCLN's dividend yield for the trailing twelve months is around 0.16%, less than SPYM's 1.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund	0.16%	0.25%	0.87%	0.76%	0.33%	0.01%	0.30%	0.85%	1.03%	0.45%	1.24%	0.72%
SPYM State Street SPDR Portfolio S&P 500 ETF	1.29%	1.13%	1.28%	1.44%	1.69%	1.25%	1.54%	1.79%	2.23%	1.75%	1.97%	1.98%

Frequently Asked Questions

Can I hold both QCLN and SPYM in my portfolio?

QCLN and SPYM have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QCLN or SPYM?

QCLN has higher volatility (16.96%) compared to SPYM (4.33%). In terms of maximum drawdown, QCLN dropped -76.18% vs SPYM's -54.46%.

Which ETF is better, QCLN or SPYM?

On 10-year performance, QCLN leads with 16.43% vs 15.52% for SPYM. On fees, SPYM is cheaper at 0.02% per year. On volatility, SPYM has been the lower-risk option at 4.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QCLN or SPYM?

Over the 10-year period, QCLN has performed better with a 16.43% return vs 15.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QCLN or SPYM?

SPYM is cheaper with a 0.02% expense ratio, compared with 0.60% for QCLN.

Which ETF pays a higher dividend yield, QCLN or SPYM?

SPYM has the higher dividend yield at 1.29%, compared with 0.16% for QCLN.

What is the main difference between QCLN and SPYM?

QCLN is categorized as Alternative Energy Equities, while SPYM is S&P 500. QCLN tracks NASDAQ Clean Edge Green Energy, while SPYM tracks S&P 500 Index. They also come from different issuers: First Trust and State Street. Their fees differ too: 0.60% for QCLN and 0.02% for SPYM.

Which has better risk-adjusted returns?

QCLN currently has the higher Sharpe Ratio (2.46 vs 2.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.