QCLN vs. WNTR
QCLN (First Trust NASDAQ Clean Edge Green Energy Index Fund) and WNTR (YieldMax MSTR Short Option Income Strategy ETF) are both exchange-traded funds - QCLN is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Green Energy Index, while WNTR is a Derivative Income fund actively managed by YieldMax. QCLN is passively managed, while WNTR is actively managed. Over the past year, QCLN returned 41.09% vs 107.38% for WNTR. Their -0.43 correlation means they have often moved in opposite directions in the past. QCLN charges 0.59%/yr vs 1.00%/yr for WNTR.
Performance
QCLN vs. WNTR - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with QCLN having a 10.48% return and WNTR slightly higher at 10.75%.
QCLN
- 1D
- -0.26%
- 1M
- -13.14%
- 6M
- 0.01%
- YTD
- 10.48%
- 1Y
- 41.09%
- 3Y*
- -2.29%
- 5Y*
- -5.50%
- 10Y*
- 13.08%
- ALL TIME*
- 5.32%
WNTR
- 1D
- 3.26%
- 1M
- 8.13%
- 6M
- 14.92%
- YTD
- 10.75%
- 1Y
- 107.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 47.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.39M | $13.63M | $14.46M | |
| $4.02M | $3.86M | $3.95M |
QCLN vs. WNTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 10.48% | 50.08% |
WNTR YieldMax MSTR Short Option Income Strategy ETF | 10.75% | 52.78% |
Correlation
The correlation between QCLN and WNTR is -0.43, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.43 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025 | -0.43 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QCLN vs. WNTR — Risk / Return Rank
QCLN
WNTR
QCLN vs. WNTR - 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 YieldMax MSTR Short Option Income Strategy ETF (WNTR). 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 | WNTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.32 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 2.71 | -1.47 |
| Martin ratioReturn relative to average drawdown | 4.64 | 6.87 | -2.23 |
Loading charts...
Drawdowns
QCLN vs. WNTR - Drawdown Comparison
The maximum QCLN drawdown since its inception was -76.18%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for QCLN and WNTR.
Loading charts...
Drawdown Indicators
| QCLN | WNTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.18% | -42.65% | -33.53% |
Max Drawdown (1Y)Largest decline over 1 year | -32.12% | -42.65% | +10.53% |
Max Drawdown (3Y)Largest decline over 3 years | -51.52% | — | — |
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 | -42.92% | -9.64% | -33.28% |
Average DrawdownAverage peak-to-trough decline | -43.36% | -20.18% | -23.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.62% | 16.81% | -8.19% |
Volatility
QCLN vs. WNTR - Volatility Comparison
First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) and YieldMax MSTR Short Option Income Strategy ETF (WNTR) have volatilities of 15.14% and 14.85%, 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.
Loading charts...
Volatility by Period
| QCLN | WNTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.14% | 14.85% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 33.63% | 47.43% | -13.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.58% | 54.68% | -14.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.97% | 53.42% | -14.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.54% | 53.42% | -17.88% |
QCLN vs. WNTR - Expense Ratio Comparison
QCLN has a 0.59% expense ratio, which is lower than WNTR's 1.00% expense ratio.
Dividends
QCLN vs. WNTR - Dividend Comparison
QCLN's dividend yield for the trailing twelve months is around 0.17%, less than WNTR's 107.02% 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% |
WNTR YieldMax MSTR Short Option Income Strategy ETF | 107.02% | 58.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QCLN and WNTR have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QCLN has higher volatility (15.14%) compared to WNTR (14.85%). In terms of maximum drawdown, QCLN dropped -76.18% vs WNTR's -42.65%.
On 1-year performance, WNTR leads with 107.38% vs 41.09% for QCLN. On fees, QCLN is cheaper at 0.59% per year. On volatility, WNTR has been the lower-risk option at 14.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, WNTR has performed better with a 107.38% return vs 41.09%. 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 1.00% for WNTR.
WNTR has the higher dividend yield at 107.02%, compared with 0.17% for QCLN.
QCLN is categorized as Alternative Energy Equities, while WNTR is Derivative Income. They also come from different issuers: First Trust and YieldMax. Their fees differ too: 0.59% for QCLN and 1.00% for WNTR.
WNTR currently has the higher Sharpe Ratio (2.12 vs 0.99), 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.
Find the right allocation for QCLN and WNTR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer