Correlation
The correlation between TARK and QCLN is 0.71, 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.
TARK vs. QCLN
Compare and contrast key facts about Tradr 2X Long Innovation ETF (TARK) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN).
TARK and QCLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TARK is an actively managed fund by AXS Investments. It was launched on Apr 28, 2022. QCLN is a passively managed fund by First Trust that tracks the performance of the NASDAQ Clean Edge Green Energy. It was launched on Feb 8, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TARK or QCLN.
Performance
TARK vs. QCLN - Performance Comparison
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Key characteristics
TARK:
-0.34
QCLN:
-0.54
TARK:
0.11
QCLN:
-0.59
TARK:
1.02
QCLN:
0.93
TARK:
-0.43
QCLN:
-0.27
TARK:
-0.90
QCLN:
-1.18
TARK:
42.20%
QCLN:
16.57%
TARK:
101.33%
QCLN:
36.48%
TARK:
-88.03%
QCLN:
-76.18%
TARK:
-78.32%
QCLN:
-65.08%
Returns By Period
In the year-to-date period, TARK achieves a -15.41% return, which is significantly lower than QCLN's -10.90% return.
TARK
-15.41%
21.18%
-20.30%
-33.29%
-30.76%
N/A
N/A
QCLN
-10.90%
8.32%
-14.92%
-19.31%
-17.97%
2.82%
5.15%
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TARK vs. QCLN - Expense Ratio Comparison
TARK has a 1.15% expense ratio, which is higher than QCLN's 0.60% expense ratio.
Risk-Adjusted Performance
TARK vs. QCLN — Risk-Adjusted Performance Rank
TARK
QCLN
TARK vs. QCLN - Risk-Adjusted Performance 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.
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Dividends
TARK vs. QCLN - Dividend Comparison
TARK's dividend yield for the trailing twelve months is around 0.70%, less than QCLN's 1.04% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TARK Tradr 2X Long Innovation ETF | 0.70% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 1.04% | 0.87% | 0.76% | 0.33% | 0.01% | 0.30% | 0.85% | 1.03% | 0.45% | 1.25% | 0.72% | 0.78% |
Drawdowns
TARK vs. QCLN - Drawdown Comparison
The maximum TARK drawdown since its inception was -88.03%, which is greater than QCLN's maximum drawdown of -76.18%. Use the drawdown chart below to compare losses from any high point for TARK and QCLN.
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Volatility
TARK vs. QCLN - Volatility Comparison
Tradr 2X Long Innovation ETF (TARK) has a higher volatility of 24.29% compared to First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) at 10.10%. 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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