SMOG vs. FAN
Compare and contrast key facts about VanEck Low Carbon Energy ETF (SMOG) and First Trust Global Wind Energy ETF (FAN).
SMOG and FAN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMOG is a passively managed fund by VanEck that tracks the performance of the MVIS Global Low Carbon Energy Index. It was launched on May 3, 2007. FAN is a passively managed fund by First Trust that tracks the performance of the ISE Clean Edge Global Wind Energy Index. It was launched on Jun 16, 2008. Both SMOG and FAN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SMOG vs. FAN - Performance Comparison
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SMOG vs. FAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMOG VanEck Low Carbon Energy ETF | 7.30% | 33.36% | -9.33% | 1.42% | -29.92% | -2.75% | 118.38% | 38.86% | -10.18% | 22.69% |
FAN First Trust Global Wind Energy ETF | 20.96% | 40.38% | -8.96% | -3.20% | -13.12% | -11.63% | 61.16% | 31.22% | -11.40% | 16.30% |
Returns By Period
In the year-to-date period, SMOG achieves a 7.30% return, which is significantly lower than FAN's 20.96% return. Over the past 10 years, SMOG has outperformed FAN with an annualized return of 11.25%, while FAN has yielded a comparatively lower 10.22% annualized return.
SMOG
- 1D
- 0.24%
- 1M
- -1.69%
- YTD
- 7.30%
- 6M
- 8.93%
- 1Y
- 39.02%
- 3Y*
- 6.28%
- 5Y*
- -1.41%
- 10Y*
- 11.25%
FAN
- 1D
- 0.08%
- 1M
- 0.94%
- YTD
- 20.96%
- 6M
- 26.67%
- 1Y
- 66.81%
- 3Y*
- 13.13%
- 5Y*
- 3.30%
- 10Y*
- 10.22%
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SMOG vs. FAN - Expense Ratio Comparison
SMOG has a 0.61% expense ratio, which is lower than FAN's 0.62% expense ratio.
Return for Risk
SMOG vs. FAN — Risk / Return Rank
SMOG
FAN
SMOG vs. FAN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Low Carbon Energy ETF (SMOG) and First Trust Global Wind Energy ETF (FAN). 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.
| SMOG | FAN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.68 | 3.13 | -1.46 |
Sortino ratioReturn per unit of downside risk | 2.29 | 3.77 | -1.48 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.54 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 3.04 | 6.30 | -3.26 |
Martin ratioReturn relative to average drawdown | 11.76 | 24.07 | -12.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SMOG | FAN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 3.13 | -1.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 0.16 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.49 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.04 | +0.02 |
Correlation
The correlation between SMOG and FAN is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SMOG vs. FAN - Dividend Comparison
SMOG's dividend yield for the trailing twelve months is around 1.46%, more than FAN's 1.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMOG VanEck Low Carbon Energy ETF | 1.46% | 1.57% | 1.64% | 1.58% | 1.32% | 0.44% | 0.06% | 0.00% | 0.62% | 1.25% | 2.12% | 0.56% |
FAN First Trust Global Wind Energy ETF | 1.03% | 1.35% | 1.52% | 1.71% | 1.50% | 1.79% | 0.84% | 2.42% | 2.67% | 2.59% | 6.04% | 2.35% |
Drawdowns
SMOG vs. FAN - Drawdown Comparison
The maximum SMOG drawdown since its inception was -84.39%, which is greater than FAN's maximum drawdown of -79.84%. Use the drawdown chart below to compare losses from any high point for SMOG and FAN.
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Drawdown Indicators
| SMOG | FAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.39% | -79.84% | -4.55% |
Max Drawdown (1Y)Largest decline over 1 year | -13.04% | -10.66% | -2.38% |
Max Drawdown (5Y)Largest decline over 5 years | -47.86% | -39.47% | -8.39% |
Max Drawdown (10Y)Largest decline over 10 years | -51.10% | -46.29% | -4.81% |
Current DrawdownCurrent decline from peak | -22.46% | 0.00% | -22.46% |
Average DrawdownAverage peak-to-trough decline | -52.80% | -45.44% | -7.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 2.79% | +0.59% |
Volatility
SMOG vs. FAN - Volatility Comparison
VanEck Low Carbon Energy ETF (SMOG) has a higher volatility of 9.02% compared to First Trust Global Wind Energy ETF (FAN) at 7.32%. This indicates that SMOG's price experiences larger fluctuations and is considered to be riskier than FAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMOG | FAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.02% | 7.32% | +1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 15.75% | 14.55% | +1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.39% | 21.43% | +1.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.26% | 21.26% | +4.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.66% | 20.98% | +4.68% |