UXAP vs. QCLN

Last updated Jun 4, 2026

UXAP (FT Vest U.S. Equity Uncapped Accelerator ETF - April) and QCLN (First Trust NASDAQ Clean Edge Green Energy Index Fund) are both exchange-traded funds - UXAP is a Defined Outcome fund actively managed by First Trust, while QCLN is a Alternative Energy Equities fund tracking the NASDAQ Clean Edge Green Energy. UXAP is actively managed, while QCLN is passively managed. Over the past year, UXAP returned 29.33% vs 120.21% for QCLN. A 0.65 correlation means they provide meaningful diversification when combined. UXAP charges 0.85%/yr vs 0.60%/yr for QCLN.

Performance

UXAP vs. QCLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Uncapped Accelerator ETF - April (UXAP) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UXAP achieves a 11.50% return, which is significantly lower than QCLN's 52.94% return.

UXAP

• 1D: -0.66%
• 1M: 5.70%
• YTD: 11.50%
• 6M: 11.41%
• 1Y: 29.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QCLN

• 1D: -0.41%
• 1M: 16.40%
• YTD: 52.94%
• 6M: 50.79%
• 1Y: 120.21%
• 3Y*: 12.03%
• 5Y*: 2.16%
• 10Y*: 17.39%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UXAP vs. QCLN - Yearly Performance Comparison

	2026 (YTD)	2025
UXAP FT Vest U.S. Equity Uncapped Accelerator ETF - April	11.50%	35.69%
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund	52.94%	76.23%

Correlation

The correlation between UXAP and QCLN is 0.65, 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	0.65
Correlation (All Time) Calculated using the full available price history since Apr 22, 2025	0.65

The correlation between UXAP and QCLN has been stable across timeframes, ranging from 0.65 to 0.65 - a consistent structural relationship.

Return for Risk

UXAP vs. QCLN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UXAP

UXAP Risk / Return Rank: 65
UXAP Sharpe Ratio Rank: 67
UXAP Sortino Ratio Rank: 64
UXAP Omega Ratio Rank: 64
UXAP Calmar Ratio Rank: 58
UXAP Martin Ratio Rank: 70

QCLN

QCLN Risk / Return Rank: 89
QCLN Sharpe Ratio Rank: 93
QCLN Sortino Ratio Rank: 84
QCLN Omega Ratio Rank: 79
QCLN Calmar Ratio Rank: 94
QCLN Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UXAP vs. QCLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Uncapped Accelerator ETF - April (UXAP) 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.

	UXAP	QCLN	Difference
Sharpe ratio: Return per unit of total volatility	2.17	3.49	-1.32
Sortino ratio: Return per unit of downside risk	2.95	3.86	-0.91
Omega ratio: Gain probability vs. loss probability	1.38	1.48	-0.09
Calmar ratio: Return relative to maximum drawdown	2.82	7.62	-4.80
Martin ratio: Return relative to average drawdown	12.81	26.28	-13.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UXAP vs. QCLN - Sharpe Ratio Comparison

The current UXAP Sharpe Ratio is 2.17, which is lower than the QCLN Sharpe Ratio of 3.49. The chart below compares the historical Sharpe Ratios of UXAP and QCLN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UXAP	QCLN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.17	3.49	-1.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.06	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.18	0.20	+2.98

Drawdowns

UXAP vs. QCLN - Drawdown Comparison

The maximum UXAP drawdown since its inception was -10.45%, smaller than the maximum QCLN drawdown of -76.18%. Use the drawdown chart below to compare losses from any high point for UXAP and QCLN.

Drawdown Indicators

	UXAP	QCLN	Difference
Max Drawdown Largest peak-to-trough decline	-10.45%	-76.18%	+65.73%
Max Drawdown (1Y) Largest decline over 1 year	-10.45%	-15.86%	+5.41%
Max Drawdown (3Y) Largest decline over 3 years	—	-56.08%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-69.49%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-71.73%	—
Current Drawdown Current decline from peak	-0.66%	-20.99%	+20.33%
Average Drawdown Average peak-to-trough decline	-1.24%	-43.45%	+42.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	4.59%	-2.30%

Volatility

UXAP vs. QCLN - Volatility Comparison

The current volatility for FT Vest U.S. Equity Uncapped Accelerator ETF - April (UXAP) is 3.26%, while First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) has a volatility of 12.56%. This indicates that UXAP experiences smaller price fluctuations and is considered to be less risky than QCLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UXAP	QCLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.26%	12.56%	-9.30%
Volatility (6M) Calculated over the trailing 6-month period	10.36%	26.02%	-15.66%
Volatility (1Y) Calculated over the trailing 1-year period	13.59%	34.88%	-21.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.15%	37.97%	-23.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.15%	34.91%	-20.76%

UXAP vs. QCLN - Expense Ratio Comparison

UXAP has a 0.85% expense ratio, which is higher than QCLN's 0.60% expense ratio.

Dividends

UXAP vs. QCLN - Dividend Comparison

UXAP has not paid dividends to shareholders, while QCLN's dividend yield for the trailing twelve months is around 0.15%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund	0.15%	0.25%	0.87%	0.76%	0.33%	0.01%	0.30%	0.85%	1.03%	0.45%	1.24%	0.72%
UXAP FT Vest U.S. Equity Uncapped Accelerator ETF - April	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UXAP and QCLN in my portfolio?

UXAP and QCLN have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UXAP or QCLN?

QCLN has higher volatility (12.56%) compared to UXAP (3.26%). In terms of maximum drawdown, UXAP dropped -10.45% vs QCLN's -76.18%.

Which ETF is better, UXAP or QCLN?

On 1-year performance, QCLN leads with 120.21% vs 29.33% for UXAP. On fees, QCLN is cheaper at 0.60% per year. On volatility, UXAP has been the lower-risk option at 3.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UXAP or QCLN?

Over the 1-year period, QCLN has performed better with a 120.21% return vs 29.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UXAP or QCLN?

QCLN is cheaper with a 0.60% expense ratio, compared with 0.85% for UXAP.

Which ETF pays a higher dividend yield, UXAP or QCLN?

QCLN has the higher dividend yield at 0.15%, compared with 0.00% for UXAP.

What is the main difference between UXAP and QCLN?

UXAP is categorized as Defined Outcome, while QCLN is Alternative Energy Equities. Their fees differ too: 0.85% for UXAP and 0.60% for QCLN.

Which has better risk-adjusted returns?

QCLN currently has the higher Sharpe Ratio (3.49 vs 2.17), 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.