TRE.L vs. QCLN.L
TRE.L (First Trust Alerian Disruptive Technology Real Estate UCITS ETF) and QCLN.L (First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc) are both exchange-traded funds - TRE.L is a REIT fund tracking the First Trust Alerian Disruptive Technology Real Estate UCITS ETF, while QCLN.L is a Energy Equities fund tracking the S&P Global Clean Energy TR USD. Both are passively managed. Over the past 3 years, TRE.L returned 2.81%/yr vs -0.05%/yr for QCLN.L. At a 0.41 correlation, their price movements are largely independent.
Performance
TRE.L vs. QCLN.L - Performance Comparison
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Different Trading Currencies
TRE.L is traded in USD, while QCLN.L is traded in GBp. To make them comparable, the QCLN.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TRE.L achieves a 7.87% return, which is significantly lower than QCLN.L's 22.20% return.
TRE.L
- 1D
- 0.55%
- 1M
- -0.32%
- 6M
- 6.26%
- YTD
- 7.87%
- 1Y
- 10.69%
- 3Y*
- 2.81%
- 5Y*
- —
- 10Y*
- —
QCLN.L
- 1D
- -0.71%
- 1M
- -12.89%
- 6M
- 11.93%
- YTD
- 22.20%
- 1Y
- 59.10%
- 3Y*
- -0.05%
- 5Y*
- -2.63%
- 10Y*
- —
TRE.L vs. QCLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TRE.L First Trust Alerian Disruptive Technology Real Estate UCITS ETF | 7.87% | 7.74% | -10.98% | 13.15% | -25.64% |
QCLN.L First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc | 22.20% | 29.15% | -19.30% | -8.05% | -28.44% |
Correlation
The correlation between TRE.L and QCLN.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2022 | 0.41 |
Over the past year, the correlation between TRE.L and QCLN.L has dropped to 0.11 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
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Return for Risk
TRE.L vs. QCLN.L — Risk / Return Rank
TRE.L
QCLN.L
TRE.L vs. QCLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Alerian Disruptive Technology Real Estate UCITS ETF (TRE.L) and First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc (QCLN.L). 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.
| TRE.L | QCLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.24 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 2.70 | -1.49 |
| Martin ratioReturn relative to average drawdown | 3.74 | 8.72 | -4.99 |
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Drawdowns
TRE.L vs. QCLN.L - Drawdown Comparison
The maximum TRE.L drawdown since its inception was -35.43%, smaller than the maximum QCLN.L drawdown of -72.06%. Use the drawdown chart below to compare losses from any high point for TRE.L and QCLN.L.
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Drawdown Indicators
| TRE.L | QCLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.43% | -72.06% | +36.63% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -21.81% | +12.40% |
Max Drawdown (3Y)Largest decline over 3 years | -21.15% | -57.08% | +35.93% |
Max Drawdown (5Y)Largest decline over 5 years | — | -70.19% | — |
Current DrawdownCurrent decline from peak | -14.28% | -37.69% | +23.41% |
Average DrawdownAverage peak-to-trough decline | -21.59% | -30.42% | +8.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 6.75% | -3.70% |
Volatility
TRE.L vs. QCLN.L - Volatility Comparison
The current volatility for First Trust Alerian Disruptive Technology Real Estate UCITS ETF (TRE.L) is 4.97%, while First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc (QCLN.L) has a volatility of 16.84%. This indicates that TRE.L experiences smaller price fluctuations and is considered to be less risky than QCLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRE.L | QCLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 16.84% | -11.87% |
Volatility (6M)Calculated over the trailing 6-month period | 11.13% | 30.94% | -19.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.98% | 39.14% | -25.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.60% | 40.29% | -21.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.60% | 2,355.90% | -2,337.30% |
Dividends
TRE.L vs. QCLN.L - Dividend Comparison
Neither TRE.L nor QCLN.L has paid dividends to shareholders.
Frequently Asked Questions
TRE.L and QCLN.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRE.L is categorized as REIT, while QCLN.L is Energy Equities. TRE.L tracks First Trust Alerian Disruptive Technology Real Estate UCITS ETF, while QCLN.L tracks S&P Global Clean Energy TR USD.
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