Data as of Nov 4, 2026.
ACES vs QCLN: Holdings Overlap & Returns
Over the year to Nov 4, 2026, ACES returned −16.6% to QCLN's +1.6%; 43% of their weight is in the same names.
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Net assets: $109m on Aug 31, 2026 for ALPS Clean Energy ETF, and $489m on Nov 3, 2026 for First Trust Nasdaq Clean Edge Green Energy Index Fund.
17% of ACES's weight is in S&P 500 companies and 83% is outside the index. Holdings as of Aug 31, 2026.
34% of QCLN's weight is in S&P 500 companies and 67% is outside the index. Holdings as of Nov 3, 2026.
Pair scorecard
ACES costs 0.04 points a year less; their one-year returns differ by 18.2 points.
Points (pts) are percentage points.
| Measure | ACES | QCLN |
|---|---|---|
| Return | ||
| Total return, 1 year | −16.6% | +1.6% |
| Drawdown | ||
| Below its all-time high | 70.7%, high on Feb 9, 2021 | 47.7%, high on Feb 9, 2021 |
| Against its benchmark | ||
| What it tracks | Clean energy | Clean energy |
| Its benchmark, total return, 1 year | +14.8% | |
| Against its benchmark, 1 year | behind by 13.2 pts | |
| Cost and size | ||
| Expense ratio | 0.55% | 0.59% |
| Net assets, ACES as of Aug 31, 2026 and QCLN as of Nov 3, 2026 | $109m | $489m |
| Holdings | ||
| Holdings in common | 43% | |
Risk and return
Jul 6, 2018 to Oct 30, 2026 · 434 weekly returnsFrom Jul 2018 to Oct 2026, QCLN returned more: +126.4% to +9.9%. ACES swung slightly less: 35.2% to 37.4%. QCLN fell slightly less at its worst: −69.6% to −77.3%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | ACES | QCLN | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +9.9% | +126.4% | QCLN | Price change plus distributions, reinvested. |
| Annualized | +1.1% | +10.3% | QCLN | Total return as a yearly rate. |
| Price return | +1.0% | +116.7% | QCLN | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 35.2% | 37.4% | ACES (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 24.5% | 25.3% | ACES (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −77.3% | −69.6% | QCLN (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.13 | 0.37 | QCLN | Return above Treasury bills per unit of volatility. |
| Sortino | 0.19 | 0.55 | QCLN | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.01 | 0.15 | QCLN | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 434 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, ACES and QCLN hold 43% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.
half
43% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | ACES | QCLN | ACES | QCLN |
| 3 months | −10.8% | −11.9% | not measured | −11.6 pts vs IWV |
| 6 months | −22.6% | −25.1% | not measured | −30.0 pts vs IWV |
| 1 year | −16.6% | +1.6% | not measured | −13.2 pts vs IWV |
| 3 years | −10.6% | +27.3% | not measured | −53.7 pts vs IWV |
| Since launchNot the same days: ACES Jun 2018 · QCLN Feb 2007 | +20.8% | +149.5% | not measured | not measured |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
43% of the two portfolios are the same securities at the same weight.
Client brief:
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ACES
By weight, 17% of ACES's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 57% of the fund across 36 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned −16.6% with distributions reinvested. It sits 70.7% below its all-time high of Feb 9, 2021.
Over the year to Nov 4, 2026 the fund returned +1.6% with distributions reinvested against +14.8% for its benchmark, the Russell 3000 Index, so a holder was behind by 13.2 pts.
By weight, 34% of QCLN's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 61% of the fund across 57 positions, as published by its issuer for Nov 3, 2026. It sits 47.7% below its all-time high of Feb 9, 2021.
Questions people ask
- Do ACES and QCLN hold the same stocks?
- By their latest filings, 43% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, ACES against QCLN, data as of Nov 4, 2026. https://etfiq.com/compare/themes/aces-vs-qcln
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[ACES against QCLN (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/aces-vs-qcln)
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