SKYU.L vs. QCLN.L

Last updated Jul 16, 2026

SKYU.L (First Trust Cloud Computing UCITS ETF Class A USD Accumulation) and QCLN.L (First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc) are both exchange-traded funds - SKYU.L is a Technology Equities fund tracking the First Trust Cloud Computing UCITS ETF Class A USD Accumulation, 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, SKYU.L returned 5.97%/yr vs -2.63%/yr for QCLN.L. A 0.56 correlation means they provide meaningful diversification when combined.

Performance

SKYU.L vs. QCLN.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Cloud Computing UCITS ETF Class A USD Accumulation (SKYU.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

SKYU.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, SKYU.L achieves a 4.89% return, which is significantly lower than QCLN.L's 22.20% return.

SKYU.L

• 1D: 0.00%
• 1M: -0.09%
• 6M: 8.11%
• YTD: 4.89%
• 1Y: 14.00%
• 3Y*: 19.89%
• 5Y*: 5.97%
• 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)

SKYU.L vs. QCLN.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SKYU.L First Trust Cloud Computing UCITS ETF Class A USD Accumulation	4.89%	8.43%	35.93%	55.30%	-45.68%	10.94%	59.18%	24.43%	0.74%
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%	6.77%

Correlation

The correlation between SKYU.L and QCLN.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Dec 27, 2018	0.56

The correlation between SKYU.L and QCLN.L shifts across timeframes, from 0.42 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

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

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

SKYU.L

SKYU.L Risk / Return Rank: 18
SKYU.L Sharpe Ratio Rank: 18
SKYU.L Sortino Ratio Rank: 19
SKYU.L Omega Ratio Rank: 19
SKYU.L Calmar Ratio Rank: 17
SKYU.L Martin Ratio Rank: 16

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.

SKYU.L vs. QCLN.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Cloud Computing UCITS ETF Class A USD Accumulation (SKYU.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.

	SKYU.L	QCLN.L	Difference
Sharpe ratio: Return per unit of total volatility	0.50	1.50	-1.01
Sortino ratio: Return per unit of downside risk	0.89	2.07	-1.19
Omega ratio: Gain probability vs. loss probability	1.11	1.24	-0.13
Calmar ratio: Return relative to maximum drawdown	0.55	2.70	-2.14
Martin ratio: Return relative to average drawdown	1.17	8.72	-7.55

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

The current SKYU.L Sharpe Ratio is 0.50, which is lower than the QCLN.L Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of SKYU.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

SKYU.L vs. QCLN.L - Drawdown Comparison

The maximum SKYU.L drawdown since its inception was -53.12%, smaller than the maximum QCLN.L drawdown of -72.06%. Use the drawdown chart below to compare losses from any high point for SKYU.L and QCLN.L.

Drawdown Indicators

	SKYU.L	QCLN.L	Difference
Max Drawdown Largest peak-to-trough decline	-53.12%	-72.06%	+18.94%
Max Drawdown (1Y) Largest decline over 1 year	-26.70%	-21.81%	-4.89%
Max Drawdown (3Y) Largest decline over 3 years	-31.91%	-57.08%	+25.17%
Max Drawdown (5Y) Largest decline over 5 years	-53.12%	-70.19%	+17.07%
Current Drawdown Current decline from peak	-10.40%	-37.69%	+27.29%
Average Drawdown Average peak-to-trough decline	-16.78%	-30.42%	+13.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.59%	6.75%	+5.84%

Volatility

SKYU.L vs. QCLN.L - Volatility Comparison

The current volatility for First Trust Cloud Computing UCITS ETF Class A USD Accumulation (SKYU.L) is 8.74%, while First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc (QCLN.L) has a volatility of 16.84%. This indicates that SKYU.L experiences smaller price fluctuations and is considered to be less risky than QCLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SKYU.L	QCLN.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.74%	16.84%	-8.10%
Volatility (6M) Calculated over the trailing 6-month period	25.52%	30.94%	-5.42%
Volatility (1Y) Calculated over the trailing 1-year period	29.72%	39.14%	-9.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.13%	40.29%	-10.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.55%	2,355.90%	-2,327.35%

Dividends

SKYU.L vs. QCLN.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

SKYU.L and QCLN.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

SKYU.L is categorized as Technology Equities, while QCLN.L is Energy Equities. SKYU.L tracks First Trust Cloud Computing UCITS ETF Class A USD Accumulation, while QCLN.L tracks S&P Global Clean Energy TR USD.