SLDP vs. QCLN

Last updated Jul 14, 2026

SLDP (Solid Power, Inc.) is a stock, while QCLN (First Trust NASDAQ Clean Edge Green Energy Index Fund) is Alternative Energy Equities fund tracking the Nasdaq Clean Edge Green Energy Index. Over the past 5 years, SLDP returned -25.88%/yr vs -2.97%/yr for QCLN. A 0.59 correlation means they provide meaningful diversification when combined.

Performance

SLDP vs. QCLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Solid Power, Inc. (SLDP) 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, SLDP achieves a -47.53% return, which is significantly lower than QCLN's 20.15% return.

SLDP

• 1D: -3.88%
• 1M: -20.36%
• 6M: -59.01%
• YTD: -47.53%
• 1Y: -10.44%
• 3Y*: -7.08%
• 5Y*: -25.88%
• 10Y*: —

QCLN

• 1D: -3.82%
• 1M: -12.88%
• 6M: 9.07%
• YTD: 20.15%
• 1Y: 54.85%
• 3Y*: -0.11%
• 5Y*: -2.97%
• 10Y*: 14.37%

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

SLDP vs. QCLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SLDP Solid Power, Inc.	-47.53%	124.87%	30.34%	-42.91%	-70.94%	-12.60%
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund	20.15%	31.81%	-18.86%	-10.02%	-30.37%	20.42%

Correlation

The correlation between SLDP and QCLN is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since May 18, 2021	0.59

The correlation between SLDP and QCLN has been stable across timeframes, ranging from 0.59 to 0.60 - a consistent structural relationship.

Return for Risk

SLDP vs. QCLN — Risk / Return Rank

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

SLDP

SLDP Risk / Return Rank: 46
SLDP Sharpe Ratio Rank: 42
SLDP Sortino Ratio Rank: 54
SLDP Omega Ratio Rank: 51
SLDP Calmar Ratio Rank: 40
SLDP Martin Ratio Rank: 41

QCLN

QCLN Risk / Return Rank: 54
QCLN Sharpe Ratio Rank: 51
QCLN Sortino Ratio Rank: 47
QCLN Omega Ratio Rank: 46
QCLN Calmar Ratio Rank: 64
QCLN 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.

SLDP vs. QCLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Solid Power, Inc. (SLDP) 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.

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.

	SLDP	QCLN	Difference
Sharpe ratio: Return per unit of total volatility	-0.09	1.41	-1.50
Sortino ratio: Return per unit of downside risk	0.74	1.90	-1.16
Omega ratio: Gain probability vs. loss probability	1.09	1.24	-0.15
Calmar ratio: Return relative to maximum drawdown	-0.14	2.53	-2.67
Martin ratio: Return relative to average drawdown	-0.22	8.78	-9.00

SLDP vs. QCLN - Sharpe Ratio Comparison

The current SLDP Sharpe Ratio is -0.09, which is lower than the QCLN Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of SLDP 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.

Drawdowns

SLDP vs. QCLN - Drawdown Comparison

The maximum SLDP drawdown since its inception was -93.46%, which is greater than QCLN's maximum drawdown of -76.18%. Use the drawdown chart below to compare losses from any high point for SLDP and QCLN.

Drawdown Indicators

	SLDP	QCLN	Difference
Max Drawdown Largest peak-to-trough decline	-93.46%	-76.18%	-17.28%
Max Drawdown (1Y) Largest decline over 1 year	-73.80%	-21.76%	-52.04%
Max Drawdown (3Y) Largest decline over 3 years	-73.80%	-56.08%	-17.72%
Max Drawdown (5Y) Largest decline over 5 years	-93.46%	-69.49%	-23.97%
Max Drawdown (10Y) Largest decline over 10 years	—	-71.73%	—
Current Drawdown Current decline from peak	-84.26%	-37.93%	-46.33%
Average Drawdown Average peak-to-trough decline	-68.89%	-43.37%	-25.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	47.10%	6.27%	+40.83%

Volatility

SLDP vs. QCLN - Volatility Comparison

The current volatility for Solid Power, Inc. (SLDP) is 13.98%, while First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) has a volatility of 17.41%. This indicates that SLDP 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

	SLDP	QCLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.98%	17.41%	-3.43%
Volatility (6M) Calculated over the trailing 6-month period	46.21%	32.06%	+14.15%
Volatility (1Y) Calculated over the trailing 1-year period	113.04%	39.27%	+73.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	86.85%	38.85%	+48.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	86.03%	35.39%	+50.64%

Dividends

SLDP vs. QCLN - Dividend Comparison

SLDP has not paid dividends to shareholders, while QCLN's dividend yield for the trailing twelve months is around 0.16%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund	0.16%	0.25%	0.87%	0.76%	0.33%	0.01%	0.30%	0.85%	1.03%	0.45%	1.24%	0.72%
SLDP Solid Power, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SLDP and QCLN in my portfolio?

SLDP and QCLN have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SLDP or QCLN?

QCLN has higher volatility (17.41%) compared to SLDP (13.98%). In terms of maximum drawdown, SLDP dropped -93.46% vs QCLN's -76.18%.

Which has better risk-adjusted returns?

QCLN currently has the higher Sharpe Ratio (1.41 vs -0.09), 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.