QCLU.L vs. FEXU.L
QCLU.L (First Trust Nasdaq Clean Edge Green Energy UCITS ETF) and FEXU.L (First Trust US Large Cap Core AlphaDEX UCITS ETF) are both exchange-traded funds - QCLU.L is a Global Equities fund tracking the First Trust Nasdaq Clean Edge Green Energy UCITS ETF, while FEXU.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, QCLU.L returned -2.90%/yr vs 10.86%/yr for FEXU.L. A 0.70 correlation means they provide meaningful diversification when combined.
Performance
QCLU.L vs. FEXU.L - Performance Comparison
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Returns By Period
In the year-to-date period, QCLU.L achieves a 20.80% return, which is significantly higher than FEXU.L's 13.98% return.
QCLU.L
- 1D
- -0.86%
- 1M
- -14.02%
- 6M
- 10.55%
- YTD
- 20.80%
- 1Y
- 57.24%
- 3Y*
- -0.90%
- 5Y*
- -2.90%
- 10Y*
- —
FEXU.L
- 1D
- -0.66%
- 1M
- -2.13%
- 6M
- 10.97%
- YTD
- 13.98%
- 1Y
- 23.64%
- 3Y*
- 17.77%
- 5Y*
- 10.86%
- 10Y*
- 12.38%
QCLU.L vs. FEXU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QCLU.L First Trust Nasdaq Clean Edge Green Energy UCITS ETF | 20.80% | 28.81% | -19.33% | -7.57% | -31.41% | -10.64% | 19.19% | 19.64% | -10.52% | 14.90% |
FEXU.L First Trust US Large Cap Core AlphaDEX UCITS ETF | 13.98% | 15.23% | 16.68% | 14.66% | -12.27% | 26.82% | 13.52% | 26.07% | -11.03% | 15.19% |
Correlation
The correlation between QCLU.L and FEXU.L is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2017 | 0.70 |
The correlation between QCLU.L and FEXU.L has been stable across timeframes, ranging from 0.67 to 0.71 - a consistent structural relationship.
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Return for Risk
QCLU.L vs. FEXU.L — Risk / Return Rank
QCLU.L
FEXU.L
QCLU.L vs. FEXU.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 (QCLU.L) and First Trust US Large Cap Core AlphaDEX UCITS ETF (FEXU.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 | FEXU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.33 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 4.23 | -1.49 |
| Martin ratioReturn relative to average drawdown | 8.61 | 13.80 | -5.19 |
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Drawdowns
QCLU.L vs. FEXU.L - Drawdown Comparison
The maximum QCLU.L drawdown since its inception was -71.99%, which is greater than FEXU.L's maximum drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for QCLU.L and FEXU.L.
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Drawdown Indicators
| QCLU.L | FEXU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.99% | -39.38% | -32.61% |
Max Drawdown (1Y)Largest decline over 1 year | -22.05% | -5.56% | -16.49% |
Max Drawdown (3Y)Largest decline over 3 years | -56.88% | -20.15% | -36.73% |
Max Drawdown (5Y)Largest decline over 5 years | -70.15% | -20.80% | -49.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.38% | — |
Current DrawdownCurrent decline from peak | -38.33% | -2.73% | -35.60% |
Average DrawdownAverage peak-to-trough decline | -29.29% | -4.37% | -24.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.03% | 1.71% | +5.32% |
Volatility
QCLU.L vs. FEXU.L - Volatility Comparison
First Trust Nasdaq Clean Edge Green Energy UCITS ETF (QCLU.L) has a higher volatility of 16.42% compared to First Trust US Large Cap Core AlphaDEX UCITS ETF (FEXU.L) at 3.96%. This indicates that QCLU.L's price experiences larger fluctuations and is considered to be riskier than FEXU.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 | FEXU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.42% | 3.96% | +12.46% |
Volatility (6M)Calculated over the trailing 6-month period | 31.38% | 9.47% | +21.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.81% | 12.55% | +27.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.95% | 16.35% | +22.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.16% | 17.31% | +16.85% |
Dividends
QCLU.L vs. FEXU.L - Dividend Comparison
Neither QCLU.L nor FEXU.L has paid dividends to shareholders.
Frequently Asked Questions
QCLU.L and FEXU.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QCLU.L is categorized as Global Equities, while FEXU.L is Large Cap Blend Equities. QCLU.L tracks First Trust Nasdaq Clean Edge Green Energy UCITS ETF, while FEXU.L tracks Russell 1000 TR USD.
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