QCLU.L vs. QCLN.L

Last updated Jul 16, 2026

QCLU.L (First Trust Nasdaq Clean Edge Green Energy UCITS ETF) and QCLN.L (First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc) are both exchange-traded funds - QCLU.L is a Global Equities fund tracking the First Trust Nasdaq Clean Edge Green Energy UCITS ETF, while QCLN.L is a Energy Equities fund tracking the S&P Global Clean Energy TR USD. Both are passively managed. Over the past 5 years, QCLU.L returned -2.90%/yr vs -2.63%/yr for QCLN.L. Their correlation of 0.87 suggests significant overlap in exposure.

Performance

QCLU.L vs. QCLN.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Nasdaq Clean Edge Green Energy UCITS ETF (QCLU.L) and First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc (QCLN.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

QCLU.L is traded in USD, while QCLN.L is traded in GBp. To make them comparable, the QCLN.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, QCLU.L achieves a 20.80% return, which is significantly lower than QCLN.L's 22.20% 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*: —

QCLN.L

• 1D: -0.71%
• 1M: -12.89%
• 6M: 11.93%
• YTD: 22.20%
• 1Y: 59.10%
• 3Y*: -0.05%
• 5Y*: -2.63%
• 10Y*: —

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

QCLU.L vs. QCLN.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%
QCLN.L First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc	22.20%	29.15%	-19.30%	-8.05%	-31.46%	6,459.74%	22.43%	25.32%	-15.73%	27.50%

Correlation

The correlation between QCLU.L and QCLN.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Mar 14, 2017	0.87

The correlation between QCLU.L and QCLN.L shifts across timeframes, from 0.87 (all time) to 0.99 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

QCLU.L vs. QCLN.L — Risk / Return Rank

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

QCLU.L

QCLU.L Risk / Return Rank: 57
QCLU.L Sharpe Ratio Rank: 55
QCLU.L Sortino Ratio Rank: 53
QCLU.L Omega Ratio Rank: 46
QCLU.L Calmar Ratio Rank: 68
QCLU.L Martin Ratio Rank: 61

QCLN.L

QCLN.L Risk / Return Rank: 55
QCLN.L Sharpe Ratio Rank: 53
QCLN.L Sortino Ratio Rank: 51
QCLN.L Omega Ratio Rank: 45
QCLN.L Calmar Ratio Rank: 65
QCLN.L Martin Ratio Rank: 62

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.

QCLU.L vs. QCLN.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 Nasdaq Clean Edge Green Energy UCITS ETF Acc (QCLN.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	QCLN.L	Difference
Sharpe ratio: Return per unit of total volatility	1.52	1.50	+0.02
Sortino ratio: Return per unit of downside risk	2.12	2.07	+0.04
Omega ratio: Gain probability vs. loss probability	1.25	1.24	0.00
Calmar ratio: Return relative to maximum drawdown	2.74	2.70	+0.05
Martin ratio: Return relative to average drawdown	8.61	8.72	-0.11

QCLU.L vs. QCLN.L - Sharpe Ratio Comparison

The current QCLU.L Sharpe Ratio is 1.52, which is comparable to the QCLN.L Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of QCLU.L and QCLN.L, 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

QCLU.L vs. QCLN.L - Drawdown Comparison

The maximum QCLU.L drawdown since its inception was -71.99%, roughly equal to the maximum QCLN.L drawdown of -72.06%. Use the drawdown chart below to compare losses from any high point for QCLU.L and QCLN.L.

Drawdown Indicators

	QCLU.L	QCLN.L	Difference
Max Drawdown Largest peak-to-trough decline	-71.99%	-72.06%	+0.07%
Max Drawdown (1Y) Largest decline over 1 year	-22.05%	-21.81%	-0.24%
Max Drawdown (3Y) Largest decline over 3 years	-56.88%	-57.08%	+0.20%
Max Drawdown (5Y) Largest decline over 5 years	-70.15%	-70.19%	+0.04%
Current Drawdown Current decline from peak	-38.33%	-37.69%	-0.64%
Average Drawdown Average peak-to-trough decline	-29.29%	-30.42%	+1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.03%	6.75%	+0.28%

Volatility

QCLU.L vs. QCLN.L - Volatility Comparison

First Trust Nasdaq Clean Edge Green Energy UCITS ETF (QCLU.L) and First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc (QCLN.L) have volatilities of 16.42% and 16.84%, 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.

Volatility by Period

	QCLU.L	QCLN.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.42%	16.84%	-0.42%
Volatility (6M) Calculated over the trailing 6-month period	31.38%	30.94%	+0.44%
Volatility (1Y) Calculated over the trailing 1-year period	39.81%	39.14%	+0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.95%	40.29%	-1.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.16%	2,355.90%	-2,321.74%

Dividends

QCLU.L vs. QCLN.L - Dividend Comparison

Neither QCLU.L nor QCLN.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both QCLU.L and QCLN.L in my portfolio?

With a correlation of 0.99, QCLU.L and QCLN.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.

What is the main difference between QCLU.L and QCLN.L?

QCLU.L is categorized as Global Equities, while QCLN.L is Energy Equities. QCLU.L tracks First Trust Nasdaq Clean Edge Green Energy UCITS ETF, while QCLN.L tracks S&P Global Clean Energy TR USD.