QCLU.L vs. CTEK.L
QCLU.L (First Trust Nasdaq Clean Edge Green Energy UCITS ETF USD (Acc)) and CTEK.L (Global X CleanTech UCITS ETF USD (Acc)) are both Alternative Energy Equities funds - QCLU.L tracks the Nasdaq Clean Edge Green Energy Exclusions Index while CTEK.L tracks the Indxx Global CleanTech v2 Index. Both are passively managed. Over the past 3 years, QCLU.L returned -3.01%/yr vs -7.53%/yr for CTEK.L. Their correlation of 0.89 suggests significant overlap in exposure. QCLU.L charges 0.60%/yr vs 0.50%/yr for CTEK.L.
Performance
QCLU.L vs. CTEK.L - Performance Comparison
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Returns By Period
In the year-to-date period, QCLU.L achieves a 15.18% return, which is significantly higher than CTEK.L's 6.99% return.
QCLU.L
- 1D
- -2.60%
- 1M
- -17.61%
- 6M
- 4.25%
- YTD
- 15.18%
- 1Y
- 46.93%
- 3Y*
- -3.01%
- 5Y*
- -3.82%
- 10Y*
- —
CTEK.L
- 1D
- -1.98%
- 1M
- -17.77%
- 6M
- -5.18%
- YTD
- 6.99%
- 1Y
- 39.87%
- 3Y*
- -7.53%
- 5Y*
- —
- 10Y*
- —
QCLU.L vs. CTEK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QCLU.L First Trust Nasdaq Clean Edge Green Energy UCITS ETF USD (Acc) | 15.18% | 28.81% | -19.33% | -7.57% | -31.41% | -15.24% |
CTEK.L Global X CleanTech UCITS ETF USD (Acc) | 6.99% | 53.41% | -33.55% | -21.76% | -17.31% | -19.38% |
Correlation
The correlation between QCLU.L and CTEK.L is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021 | 0.89 |
The correlation between QCLU.L and CTEK.L has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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Return for Risk
QCLU.L vs. CTEK.L — Risk / Return Rank
QCLU.L
CTEK.L
QCLU.L vs. CTEK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Clean Edge Green Energy UCITS ETF USD (Acc) (QCLU.L) and Global X CleanTech UCITS ETF USD (Acc) (CTEK.L). 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.
| QCLU.L | CTEK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 1.37 | +0.50 |
| Martin ratioReturn relative to average drawdown | 6.48 | 4.17 | +2.31 |
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Drawdowns
QCLU.L vs. CTEK.L - Drawdown Comparison
The maximum QCLU.L drawdown since its inception was -71.99%, roughly equal to the maximum CTEK.L drawdown of -73.85%. Use the drawdown chart below to compare losses from any high point for QCLU.L and CTEK.L.
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Drawdown Indicators
| QCLU.L | CTEK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.99% | -73.85% | +1.86% |
Max Drawdown (1Y)Largest decline over 1 year | -24.92% | -28.89% | +3.97% |
Max Drawdown (3Y)Largest decline over 3 years | -56.88% | -63.73% | +6.85% |
Max Drawdown (5Y)Largest decline over 5 years | -70.15% | — | — |
Current DrawdownCurrent decline from peak | -41.20% | -43.11% | +1.91% |
Average DrawdownAverage peak-to-trough decline | -29.29% | -44.62% | +15.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.23% | 9.54% | -2.31% |
Volatility
QCLU.L vs. CTEK.L - Volatility Comparison
First Trust Nasdaq Clean Edge Green Energy UCITS ETF USD (Acc) (QCLU.L) has a higher volatility of 16.50% compared to Global X CleanTech UCITS ETF USD (Acc) (CTEK.L) at 13.53%. This indicates that QCLU.L's price experiences larger fluctuations and is considered to be riskier than CTEK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QCLU.L | CTEK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.50% | 13.53% | +2.97% |
Volatility (6M)Calculated over the trailing 6-month period | 31.62% | 28.76% | +2.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.95% | 38.62% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.97% | 36.97% | +2.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.17% | 36.97% | -2.80% |
QCLU.L vs. CTEK.L - Expense Ratio Comparison
QCLU.L has a 0.60% expense ratio, which is higher than CTEK.L's 0.50% expense ratio.
Dividends
QCLU.L vs. CTEK.L - Dividend Comparison
Neither QCLU.L nor CTEK.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, QCLU.L and CTEK.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, CTEK.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CTEK.L is cheaper with a 0.50% expense ratio, compared with 0.60% for QCLU.L.
QCLU.L tracks Nasdaq Clean Edge Green Energy Exclusions Index, while CTEK.L tracks Indxx Global CleanTech v2 Index. They also come from different issuers: First Trust and Global X. Their fees differ too: 0.60% for QCLU.L and 0.50% for CTEK.L.
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