SHRY vs. QCLN

Last updated Jun 4, 2026

SHRY (First Trust Bloomberg Shareholder Yield ETF) and QCLN (First Trust NASDAQ Clean Edge Green Energy Index Fund) are both exchange-traded funds - SHRY is a Large Cap Blend Equities fund tracking the Bloomberg Shareholder Yield Index - Benchmark TR Gross, while QCLN is a Alternative Energy Equities fund tracking the NASDAQ Clean Edge Green Energy. Both are passively managed. Over the past 5 years, SHRY returned 7.87%/yr vs 2.16%/yr for QCLN. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.60% expense ratio.

Performance

SHRY vs. QCLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Bloomberg Shareholder Yield ETF (SHRY) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SHRY achieves a 4.24% return, which is significantly lower than QCLN's 52.94% return.

SHRY

• 1D: -0.83%
• 1M: -1.07%
• YTD: 4.24%
• 6M: 5.20%
• 1Y: 6.62%
• 3Y*: 13.90%
• 5Y*: 7.87%
• 10Y*: —

QCLN

• 1D: -0.41%
• 1M: 16.40%
• YTD: 52.94%
• 6M: 50.79%
• 1Y: 120.21%
• 3Y*: 12.03%
• 5Y*: 2.16%
• 10Y*: 17.39%

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

SHRY vs. QCLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SHRY First Trust Bloomberg Shareholder Yield ETF	4.24%	7.29%	17.27%	17.47%	-14.21%	30.50%	11.86%	30.69%	-9.35%	10.12%
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund	52.94%	31.81%	-18.86%	-10.02%	-30.37%	-3.21%	184.00%	42.65%	-12.38%	12.79%

Correlation

The correlation between SHRY and QCLN is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (All Time) Calculated using the full available price history since Jun 23, 2017	0.58

Over the past year, the correlation between SHRY and QCLN has dropped to 0.31 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.

SHRY vs. QCLN - Sectors Allocation Comparison

Sectors	SHRY	QCLN
Financial Services	23.2%	1.9%
Technology	18.2%	20.8%
Communication Services	12.9%	-
Energy	10.7%	13.2%
Consumer Defensive	10.2%	-
Healthcare	8.5%	-
Industrials	8.1%	30.2%
Consumer Cyclical	7.5%	9.4%
Basic Materials	0.7%	9.4%
Real Estate	-	-
Utilities	-	13.2%

Return for Risk

SHRY vs. QCLN — Risk / Return Rank

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

SHRY

SHRY Risk / Return Rank: 20
SHRY Sharpe Ratio Rank: 19
SHRY Sortino Ratio Rank: 18
SHRY Omega Ratio Rank: 18
SHRY Calmar Ratio Rank: 21
SHRY Martin Ratio Rank: 22

QCLN

QCLN Risk / Return Rank: 89
QCLN Sharpe Ratio Rank: 93
QCLN Sortino Ratio Rank: 84
QCLN Omega Ratio Rank: 79
QCLN Calmar Ratio Rank: 94
QCLN Martin Ratio Rank: 94

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.

SHRY vs. QCLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Bloomberg Shareholder Yield ETF (SHRY) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN). 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.

	SHRY	QCLN	Difference
Sharpe ratio: Return per unit of total volatility	0.62	3.49	-2.87
Sortino ratio: Return per unit of downside risk	0.95	3.86	-2.91
Omega ratio: Gain probability vs. loss probability	1.11	1.48	-0.37
Calmar ratio: Return relative to maximum drawdown	0.92	7.62	-6.70
Martin ratio: Return relative to average drawdown	2.54	26.28	-23.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SHRY vs. QCLN - Sharpe Ratio Comparison

The current SHRY Sharpe Ratio is 0.62, which is lower than the QCLN Sharpe Ratio of 3.49. The chart below compares the historical Sharpe Ratios of SHRY and QCLN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SHRY	QCLN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.62	3.49	-2.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.06	+0.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.20	+0.40

Drawdowns

SHRY vs. QCLN - Drawdown Comparison

The maximum SHRY drawdown since its inception was -36.67%, smaller than the maximum QCLN drawdown of -76.18%. Use the drawdown chart below to compare losses from any high point for SHRY and QCLN.

Drawdown Indicators

	SHRY	QCLN	Difference
Max Drawdown Largest peak-to-trough decline	-36.67%	-76.18%	+39.51%
Max Drawdown (1Y) Largest decline over 1 year	-7.20%	-15.86%	+8.66%
Max Drawdown (3Y) Largest decline over 3 years	-15.34%	-56.08%	+40.74%
Max Drawdown (5Y) Largest decline over 5 years	-23.94%	-69.49%	+45.55%
Max Drawdown (10Y) Largest decline over 10 years	—	-71.73%	—
Current Drawdown Current decline from peak	-3.73%	-20.99%	+17.26%
Average Drawdown Average peak-to-trough decline	-5.03%	-43.45%	+38.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	4.59%	-1.97%

Volatility

SHRY vs. QCLN - Volatility Comparison

The current volatility for First Trust Bloomberg Shareholder Yield ETF (SHRY) is 2.31%, while First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) has a volatility of 12.56%. This indicates that SHRY experiences smaller price fluctuations and is considered to be less risky than QCLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHRY	QCLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.31%	12.56%	-10.25%
Volatility (6M) Calculated over the trailing 6-month period	7.51%	26.02%	-18.51%
Volatility (1Y) Calculated over the trailing 1-year period	10.78%	34.88%	-24.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.67%	37.97%	-22.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.18%	34.91%	-16.73%

SHRY vs. QCLN - Expense Ratio Comparison

Both SHRY and QCLN have an expense ratio of 0.60%.

Dividends

SHRY vs. QCLN - Dividend Comparison

SHRY's dividend yield for the trailing twelve months is around 1.69%, more than QCLN's 0.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund	0.15%	0.25%	0.87%	0.76%	0.33%	0.01%	0.30%	0.85%	1.03%	0.45%	1.24%	0.72%
SHRY First Trust Bloomberg Shareholder Yield ETF	1.69%	1.73%	1.76%	1.49%	1.52%	0.98%	1.65%	1.54%	1.89%	0.55%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SHRY and QCLN in my portfolio?

SHRY and QCLN have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHRY or QCLN?

QCLN has higher volatility (12.56%) compared to SHRY (2.31%). In terms of maximum drawdown, SHRY dropped -36.67% vs QCLN's -76.18%.

Which ETF is better, SHRY or QCLN?

On 5-year performance, SHRY leads with 7.87% vs 2.16% for QCLN. Both ETFs have the same 0.60% expense ratio. On volatility, SHRY has been the lower-risk option at 2.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SHRY or QCLN?

Over the 5-year period, SHRY has performed better with a 7.87% return vs 2.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHRY or QCLN?

SHRY and QCLN have the same expense ratio: 0.60% per year.

Which ETF pays a higher dividend yield, SHRY or QCLN?

SHRY has the higher dividend yield at 1.69%, compared with 0.15% for QCLN.

What is the main difference between SHRY and QCLN?

SHRY is categorized as Large Cap Blend Equities, while QCLN is Alternative Energy Equities. SHRY tracks Bloomberg Shareholder Yield Index - Benchmark TR Gross, while QCLN tracks NASDAQ Clean Edge Green Energy.

Which has better risk-adjusted returns?

QCLN currently has the higher Sharpe Ratio (3.49 vs 0.62), 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.