TARK vs. QCLN
TARK (Tradr 2X Long Innovation ETF) and QCLN (First Trust NASDAQ Clean Edge Green Energy Index Fund) are both exchange-traded funds - TARK is a Leveraged Equities fund actively managed by AXS, while QCLN is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Green Energy Index. TARK is actively managed, while QCLN is passively managed. Over the past 3 years, TARK returned 18.03%/yr vs 8.84%/yr for QCLN. A 0.74 correlation means they provide meaningful diversification when combined. TARK charges 1.15%/yr vs 0.59%/yr for QCLN.
Performance
TARK vs. QCLN - Performance Comparison
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Returns By Period
In the year-to-date period, TARK achieves a -10.45% return, which is significantly lower than QCLN's 37.20% return.
TARK
- 1D
- -4.11%
- 1M
- -0.84%
- YTD
- -10.45%
- 6M
- -18.36%
- 1Y
- 1.64%
- 3Y*
- 18.03%
- 5Y*
- —
- 10Y*
- —
QCLN
- 1D
- -6.27%
- 1M
- -3.52%
- YTD
- 37.20%
- 6M
- 31.57%
- 1Y
- 92.03%
- 3Y*
- 8.84%
- 5Y*
- -1.13%
- 10Y*
- 16.79%
TARK vs. QCLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TARK Tradr 2X Long Innovation ETF | -10.45% | 41.00% | -4.85% | 121.37% | -71.31% |
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 37.20% | 31.81% | -18.86% | -10.02% | -9.37% |
Correlation
The correlation between TARK and QCLN is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since May 2, 2022 | 0.74 |
The correlation between TARK and QCLN shifts across timeframes, from 0.64 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TARK vs. QCLN — Risk / Return Rank
TARK
QCLN
TARK vs. QCLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long Innovation ETF (TARK) 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.
| TARK | QCLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.45 | ||
| Sortino ratioReturn per unit of downside risk | -2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.37 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | 5.64 | -5.61 |
| Martin ratioReturn relative to average drawdown | 0.05 | 18.14 | -18.08 |
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Drawdowns
TARK vs. QCLN - Drawdown Comparison
The maximum TARK drawdown since its inception was -77.82%, roughly equal to the maximum QCLN drawdown of -76.18%. Use the drawdown chart below to compare losses from any high point for TARK and QCLN.
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Drawdown Indicators
| TARK | QCLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.82% | -76.18% | -1.64% |
Max Drawdown (1Y)Largest decline over 1 year | -57.57% | -16.40% | -41.17% |
Max Drawdown (3Y)Largest decline over 3 years | -65.55% | -56.08% | -9.47% |
Max Drawdown (5Y)Largest decline over 5 years | — | -69.49% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -71.73% | — |
Current DrawdownCurrent decline from peak | -41.07% | -29.12% | -11.95% |
Average DrawdownAverage peak-to-trough decline | -50.80% | -43.40% | -7.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.71% | 5.09% | +25.62% |
Volatility
TARK vs. QCLN - Volatility Comparison
Tradr 2X Long Innovation ETF (TARK) has a higher volatility of 24.92% compared to First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) at 17.77%. This indicates that TARK's price experiences larger fluctuations and is considered to be riskier than QCLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TARK | QCLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.92% | 17.77% | +7.15% |
Volatility (6M)Calculated over the trailing 6-month period | 53.17% | 29.96% | +23.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.40% | 37.45% | +33.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.67% | 38.54% | +52.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.67% | 35.21% | +55.46% |
TARK vs. QCLN - Expense Ratio Comparison
TARK has a 1.15% expense ratio, which is higher than QCLN's 0.59% expense ratio.
Dividends
TARK vs. QCLN - Dividend Comparison
TARK's dividend yield for the trailing twelve months is around 33.49%, more than QCLN's 0.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 0.16% | 0.25% | 0.87% | 0.76% | 0.33% | 0.01% | 0.30% | 0.85% | 1.03% | 0.45% | 1.24% | 0.72% |
TARK Tradr 2X Long Innovation ETF | 33.49% | 30.00% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TARK and QCLN have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TARK has higher volatility (24.92%) compared to QCLN (17.77%). In terms of maximum drawdown, TARK dropped -77.82% vs QCLN's -76.18%.
On 3-year performance, TARK leads with 18.03% vs 8.84% for QCLN. On fees, QCLN is cheaper at 0.59% per year. On volatility, QCLN has been the lower-risk option at 17.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, TARK has performed better with a 18.03% return vs 8.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QCLN is cheaper with a 0.59% expense ratio, compared with 1.15% for TARK.
TARK has the higher dividend yield at 33.49%, compared with 0.16% for QCLN.
TARK is categorized as Leveraged Equities, while QCLN is Alternative Energy Equities. They also come from different issuers: AXS and First Trust. Their fees differ too: 1.15% for TARK and 0.59% for QCLN.
QCLN currently has the higher Sharpe Ratio (2.47 vs 0.02), 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.
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