Find Comparable ETFs for First Trust NASDAQ Clean Edge Green Energy Index Fund
First Trust NASDAQ Clean Edge Green Energy Index Fund
QCLN - NGMInvesco Solar ETF
TAN - PCXThe First Trust NASDAQ Clean Edge Green Energy Index Fund encompasses clean energy companies, including those in solar, making it relevant to TAN's investment focus.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 66%
R-squared: 43%
This indicates a moderate positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 6
- QCLN in TAN's comparables: Yes
- TAN in QCLN's comparables: Yes
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
valuation
Compares valuation metrics to assess if the assets are valued similarly by the market, indicating comparable investor expectations and perceived growth potential.
- P/E Ratio: 23.63 vs 19.12
A high score indicates that the market values these assets similarly relative to their financials, suggesting comparable growth expectations and risk profiles.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- QCLN Beta: 1.49 (High)
- TAN Beta: 1.36 (High)
- QCLN 200-day Volatility: 34.37%
- TAN 200-day Volatility: 38.37%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- QCLN Price vs 200-day MA: 85%
- TAN Price vs 200-day MA: 83%
Performance Comparison:
| Period | QCLN | TAN |
|---|---|---|
| Year_1 | -34% | -37% |
| Year_3 | -20% | -22% |
| Year_5 | 9% | 6% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: NGM vs PCX
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Alternative Energy Equities vs Alternative Energy Equities
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- QCLN Dividend Yield: 0%
- TAN Dividend Yield: 1%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
GRID - NGMThis ETF invests in companies involved in clean energy technologies, including smart grid solutions, paralleling GRID's investment strategy.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 64%
R-squared: 40%
This indicates a moderate positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 7
- GRID in QCLN's comparables: No
- QCLN in GRID's comparables: Yes
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
valuation
Compares valuation metrics to assess if the assets are valued similarly by the market, indicating comparable investor expectations and perceived growth potential.
- P/E Ratio: 24.89 vs 23.63
A high score indicates that the market values these assets similarly relative to their financials, suggesting comparable growth expectations and risk profiles.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- GRID Beta: 1.25 (High)
- QCLN Beta: 1.49 (High)
- GRID 200-day Volatility: 17.90%
- QCLN 200-day Volatility: 34.37%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- GRID Price vs 200-day MA: 95%
- QCLN Price vs 200-day MA: 85%
Performance Comparison:
| Period | GRID | QCLN |
|---|---|---|
| Year_1 | 12% | -34% |
| Year_3 | 7% | -20% |
| Year_5 | 20% | 9% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: NGM vs NGM
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Alternative Energy Equities vs Alternative Energy Equities
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- GRID Dividend Yield: 1%
- QCLN Dividend Yield: 0%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
iShares Global Clean Energy ETF
ICLN - NGMThe First Trust NASDAQ Clean Edge Green Energy Index Fund invests in clean energy companies and offers a comparable alternative to ICLN's investment strategy.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 66%
R-squared: 44%
This indicates a moderate positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 7
- ICLN in QCLN's comparables: Yes
- QCLN in ICLN's comparables: Yes
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
valuation
Compares valuation metrics to assess if the assets are valued similarly by the market, indicating comparable investor expectations and perceived growth potential.
- P/E Ratio: 20.78 vs 23.63
A high score indicates that the market values these assets similarly relative to their financials, suggesting comparable growth expectations and risk profiles.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- ICLN Beta: 1.09 (Average)
- QCLN Beta: 1.49 (High)
- ICLN 200-day Volatility: 23.29%
- QCLN 200-day Volatility: 34.37%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- ICLN Price vs 200-day MA: 85%
- QCLN Price vs 200-day MA: 85%
Performance Comparison:
| Period | ICLN | QCLN |
|---|---|---|
| Year_1 | -18% | -34% |
| Year_3 | -14% | -20% |
| Year_5 | 6% | 9% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: NGM vs NGM
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Alternative Energy Equities vs Alternative Energy Equities
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- ICLN Dividend Yield: 2%
- QCLN Dividend Yield: 0%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
First Trust Global Wind Energy ETF
FAN - PCXThe First Trust NASDAQ Clean Edge Green Energy Index Fund focuses on companies involved in clean energy technologies, making it a relevant comparison due to its similar investment theme.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 62%
R-squared: 38%
This indicates a moderate positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 6
- FAN in QCLN's comparables: No
- QCLN in FAN's comparables: Yes
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
valuation
Compares valuation metrics to assess if the assets are valued similarly by the market, indicating comparable investor expectations and perceived growth potential.
- P/E Ratio: 17.90 vs 23.63
A high score indicates that the market values these assets similarly relative to their financials, suggesting comparable growth expectations and risk profiles.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- FAN Beta: 0.88 (Average)
- QCLN Beta: 1.49 (High)
- FAN 200-day Volatility: 17.18%
- QCLN 200-day Volatility: 34.37%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- FAN Price vs 200-day MA: 94%
- QCLN Price vs 200-day MA: 85%
Performance Comparison:
| Period | FAN | QCLN |
|---|---|---|
| Year_1 | 3% | -34% |
| Year_3 | -6% | -20% |
| Year_5 | 7% | 9% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: PCX vs NGM
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Alternative Energy Equities vs Alternative Energy Equities
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- FAN Dividend Yield: 1%
- QCLN Dividend Yield: 0%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
Global X Autonomous & Electric Vehicles ETF
DRIV - NGMThis ETF targets clean energy technologies, including electric vehicles, making it relevant for investors interested in the same themes as DRIV.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 79%
R-squared: 62%
This indicates a strong positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 0
- DRIV in QCLN's comparables: No
- QCLN in DRIV's comparables: Yes
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
valuation
Compares valuation metrics to assess if the assets are valued similarly by the market, indicating comparable investor expectations and perceived growth potential.
- P/E Ratio: 14.78 vs 23.63
A high score indicates that the market values these assets similarly relative to their financials, suggesting comparable growth expectations and risk profiles.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- DRIV Beta: 1.36 (High)
- QCLN Beta: 1.49 (High)
- DRIV 200-day Volatility: 21.66%
- QCLN 200-day Volatility: 34.37%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- DRIV Price vs 200-day MA: 97%
- QCLN Price vs 200-day MA: 85%
Performance Comparison:
| Period | DRIV | QCLN |
|---|---|---|
| Year_1 | -18% | -34% |
| Year_3 | -8% | -20% |
| Year_5 | 11% | 9% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: NGM vs NGM
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Global Equities vs Alternative Energy Equities
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- DRIV Dividend Yield: 1%
- QCLN Dividend Yield: 0%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
Global X Lithium & Battery Tech ETF
LIT - PCXThis ETF includes companies in the clean energy sector, which encompasses battery technologies, providing a similar investment theme to LIT.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 59%
R-squared: 35%
This indicates a moderate positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 1
- LIT in QCLN's comparables: No
- QCLN in LIT's comparables: Yes
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
valuation
Compares valuation metrics to assess if the assets are valued similarly by the market, indicating comparable investor expectations and perceived growth potential.
- P/E Ratio: 12.77 vs 23.63
A high score indicates that the market values these assets similarly relative to their financials, suggesting comparable growth expectations and risk profiles.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- LIT Beta: 1.18 (Average)
- QCLN Beta: 1.49 (High)
- LIT 200-day Volatility: 26.26%
- QCLN 200-day Volatility: 34.37%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- LIT Price vs 200-day MA: 98%
- QCLN Price vs 200-day MA: 85%
Performance Comparison:
| Period | LIT | QCLN |
|---|---|---|
| Year_1 | -41% | -34% |
| Year_3 | -23% | -20% |
| Year_5 | 9% | 9% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: PCX vs NGM
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Commodity Producers Equities vs Alternative Energy Equities
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- LIT Dividend Yield: 0%
- QCLN Dividend Yield: 0%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
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