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 1.19%/yr vs -2.29%/yr for QCLN. Their 0.74 correlation means they have sometimes moved together and sometimes differently. 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 -24.46% return, which is significantly lower than QCLN's 10.48% return.
TARK
- 1D
- -4.73%
- 1M
- -24.19%
- 6M
- -18.59%
- YTD
- -24.46%
- 1Y
- -18.26%
- 3Y*
- 1.19%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -9.86%
QCLN
- 1D
- -0.26%
- 1M
- -13.14%
- 6M
- 0.01%
- YTD
- 10.48%
- 1Y
- 41.09%
- 3Y*
- -2.29%
- 5Y*
- -5.50%
- 10Y*
- 13.08%
- ALL TIME*
- 5.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.39M | $13.63M | $14.46M | |
| $604.81K | $641.97K | $710.94K |
TARK vs. QCLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TARK Tradr 2X Long Innovation ETF | -24.46% | 41.00% | -4.85% | 121.37% | -71.31% |
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 10.48% | 31.81% | -18.86% | -10.02% | -9.37% |
Correlation
The correlation between TARK and QCLN is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (All Time) Calculated using the full available price history since May 2, 2022 | 0.74 |
The correlation between TARK and QCLN has been stable across timeframes, ranging from 0.67 to 0.74 - a consistent structural relationship.
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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 | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.60 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.18 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 1.25 | -1.73 |
| Martin ratioReturn relative to average drawdown | -0.84 | 4.64 | -5.47 |
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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% | -32.12% | -25.45% |
Max Drawdown (3Y)Largest decline over 3 years | -65.55% | -50.96% | -14.59% |
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 | -50.30% | -42.92% | -7.38% |
Average DrawdownAverage peak-to-trough decline | -50.55% | -43.36% | -7.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.47% | 8.62% | +24.85% |
Volatility
TARK vs. QCLN - Volatility Comparison
Tradr 2X Long Innovation ETF (TARK) has a higher volatility of 20.33% compared to First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) at 15.14%. 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 | 20.33% | 15.14% | +5.19% |
Volatility (6M)Calculated over the trailing 6-month period | 55.18% | 33.63% | +21.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.66% | 40.58% | +32.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.17% | 38.97% | +51.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.17% | 35.54% | +54.63% |
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 39.71%, more than QCLN's 0.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund | 0.17% | 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 | 39.71% | 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 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TARK has higher volatility (20.33%) compared to QCLN (15.14%). In terms of maximum drawdown, TARK dropped -77.82% vs QCLN's -76.18%.
On 3-year performance, TARK leads with 1.19% vs -2.29% for QCLN. On fees, QCLN is cheaper at 0.59% per year. On volatility, QCLN has been the lower-risk option at 15.14%. 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 1.19% return vs -2.29%. 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 39.71%, compared with 0.17% 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 (0.99 vs -0.39), 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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