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ETFs

First Trust NASDAQ Clean Edge Green Energy Index Fund

QCLN
$--
Today’s Change
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Snapshot
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Inception Date
Feb 08 2007
Expense Ratio
0.58%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$6,109,926
AUM
$1,240,725,585
Associated Index
NASDAQ Clean Edge Green Energy Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

ON
ON Semiconductor Corp.
8.47%
TSLA
Tesla Inc
8.43%
RIVN
Rivian Automotive Inc - Ordinary Shares - Class A
7.72%
ALB
Albemarle Corp.
7.52%
FSLR
First Solar Inc
6.92%
ENPH
Enphase Energy Inc
4.21%
LCID
Lucid Group Inc
3.62%
SEDG
Solaredge Technologies Inc
3.24%
OLED
Universal Display Corp.
3.19%
BEP
Brookfield Renewable Partners LP - Unit
3.14%
Invest with QCLN

What is QCLN?

The First Trust NASDAQ Clean Edge Green Energy Index Fund is an exchange-traded index fund. The objective of the Fund is to seek investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an equity index called the NASDAQ Clean Edge Green Energy Index.

ETFs related toQCLN

ETFs correlated to QCLN include ACES, PBW, CNRG

QCLN
First Trust Exchange-Traded Fund III - First Trust Nasdaq Clean Edge Green Energy Index Fund
ACES
ALPS Fund Services - ALPS Clean Energy ETF
PBW
Invesco Capital Management LLC - Invesco WilderHill Clean Energy ETF
CNRG
SPDR Series Trust - SPDR S&P Kensho Clean Power ETF
ERTH
Invesco Capital Management LLC - Invesco MSCI Sustainable Future ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
DRIV
Global X Funds - Global X Autonomous & Electric Vehicles ETF
ARKQ
ARK Investment Management LLC - ARK Autonomous Technology & Robotics ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toQCLN

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Create your own algorithmic trading strategy with QCLN using Composer

FAQ

QCLN is a US Equities ETF. The First Trust NASDAQ Clean Edge Green Energy Index Fund is an exchange-traded index fund. The objective of the Fund is to seek investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an equity index called the NASDAQ Clean Edge Green Energy Index.

QCLN tracks the NASDAQ Clean Edge Green Energy Index.

No, QCLN is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, QCLN is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on QCLN is -0.0375%. This is the percent change in the value of QCLN over the most recent 1-month period. The 3-month return on QCLN is -0.1069%. This is the percent change in the value of QCLN over the most recent 3-month period.

The standard deviation of QCLN for the past year is 0.352%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to QCLN include SPHQ, DSI, and QUAL.

ETFs correlated to QCLN include ACES, PBW, and CNRG.

ETFs that are inversely correlated to QCLN include HIBS, SARK, and RWM.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.