QCLN vs. TARK
QCLN (First Trust NASDAQ Clean Edge Green Energy Index Fund) and TARK (Tradr 2X Long Innovation ETF) are both exchange-traded funds - QCLN is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Green Energy Index, while TARK is a Leveraged Equities fund actively managed by AXS. QCLN is passively managed, while TARK is actively managed. Over the past 3 years, QCLN returned 8.60%/yr vs 18.16%/yr for TARK. A 0.74 correlation means they provide meaningful diversification when combined. QCLN charges 0.59%/yr vs 1.15%/yr for TARK.
Performance
QCLN vs. TARK - Performance Comparison
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Returns By Period
In the year-to-date period, QCLN achieves a 36.32% return, which is significantly higher than TARK's -11.39% return.
QCLN
- 1D
- 0.43%
- 1M
- -8.53%
- YTD
- 36.32%
- 6M
- 30.31%
- 1Y
- 88.28%
- 3Y*
- 8.60%
- 5Y*
- -1.37%
- 10Y*
- 17.11%
TARK
- 1D
- -0.56%
- 1M
- -3.75%
- YTD
- -11.39%
- 6M
- -19.01%
- 1Y
- -1.04%
- 3Y*
- 18.16%
- 5Y*
- —
- 10Y*
- —
QCLN vs. TARK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 36.32% | 31.81% | -18.86% | -10.02% | -9.37% |
TARK Tradr 2X Long Innovation ETF | -11.39% | 41.00% | -4.85% | 121.37% | -71.31% |
Correlation
The correlation between QCLN and TARK is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since May 2, 2022 | 0.74 |
The correlation between QCLN and TARK shifts across timeframes, from 0.64 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QCLN vs. TARK — Risk / Return Rank
QCLN
TARK
QCLN vs. TARK - 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 Tradr 2X Long Innovation ETF (TARK). 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 | TARK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.39 | ||
| Sortino ratioReturn per unit of downside risk | +2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.06 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 5.41 | -0.02 | +5.43 |
| Martin ratioReturn relative to average drawdown | 17.06 | -0.03 | +17.09 |
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Drawdowns
QCLN vs. TARK - Drawdown Comparison
The maximum QCLN drawdown since its inception was -76.18%, roughly equal to the maximum TARK drawdown of -77.82%. Use the drawdown chart below to compare losses from any high point for QCLN and TARK.
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Drawdown Indicators
| QCLN | TARK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.18% | -77.82% | +1.64% |
Max Drawdown (1Y)Largest decline over 1 year | -16.40% | -57.57% | +41.17% |
Max Drawdown (3Y)Largest decline over 3 years | -56.08% | -65.55% | +9.47% |
Max Drawdown (5Y)Largest decline over 5 years | -69.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -71.73% | — | — |
Current DrawdownCurrent decline from peak | -29.57% | -41.70% | +12.13% |
Average DrawdownAverage peak-to-trough decline | -43.39% | -50.78% | +7.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.19% | 30.93% | -25.74% |
Volatility
QCLN vs. TARK - Volatility Comparison
The current volatility for First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) is 16.90%, while Tradr 2X Long Innovation ETF (TARK) has a volatility of 24.84%. This indicates that QCLN experiences smaller price fluctuations and is considered to be less risky than TARK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QCLN | TARK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.90% | 24.84% | -7.94% |
Volatility (6M)Calculated over the trailing 6-month period | 29.83% | 52.91% | -23.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.44% | 71.22% | -33.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.54% | 90.58% | -52.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.20% | 90.58% | -55.38% |
QCLN vs. TARK - Expense Ratio Comparison
QCLN has a 0.59% expense ratio, which is lower than TARK's 1.15% expense ratio.
Dividends
QCLN vs. TARK - Dividend Comparison
QCLN's dividend yield for the trailing twelve months is around 0.17%, less than TARK's 33.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 0.17% | 0.25% | 0.87% | 0.76% | 0.33% | 0.01% | 0.30% | 0.85% | 1.03% | 0.45% | 1.24% | 0.72% |
TARK Tradr 2X Long Innovation ETF | 33.85% | 30.00% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QCLN and TARK have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TARK has higher volatility (24.84%) compared to QCLN (16.90%). In terms of maximum drawdown, QCLN dropped -76.18% vs TARK's -77.82%.
On 3-year performance, TARK leads with 18.16% vs 8.60% for QCLN. On fees, QCLN is cheaper at 0.59% per year. On volatility, QCLN has been the lower-risk option at 16.90%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, TARK has performed better with a 18.16% return vs 8.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QCLN is cheaper with a 0.59% expense ratio, compared with 1.15% for TARK.
TARK has the higher dividend yield at 33.85%, compared with 0.17% for QCLN.
QCLN is categorized as Alternative Energy Equities, while TARK is Leveraged Equities. They also come from different issuers: First Trust and AXS. Their fees differ too: 0.59% for QCLN and 1.15% for TARK.
QCLN currently has the higher Sharpe Ratio (2.37 vs -0.01), 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.
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