Do FAN and QCLN hold the same stocks?

By their latest filings, 4% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, FAN or QCLN?

FAN has 7% of its weight in S&P 500 names and QCLN has 34%, so FAN differs more from the index.

Which is cheaper, FAN or QCLN?

FAN charges 0.60% a year and QCLN charges 0.59%, so QCLN is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

FAN vs QCLN: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, FAN returned +15.1% to QCLN's +1.6%; 4% of their weight is in the same names.

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Net assets on Nov 3, 2026: $190m for First Trust Global Wind Energy ETF and $489m for First Trust Nasdaq Clean Edge Green Energy Index Fund.

FAN on its own →QCLN on its own →

At a glance

6.7%

FAN in the S&P 500

33.5%

QCLN in the S&P 500

+15.1%

FAN total return, 1 year

+1.6%

QCLN total return, 1 year

FAN · 1 year to Nov 4, 2026 93% of its weight is outside the S&P 500

7% of FAN's weight is in S&P 500 companies and 93% is outside the index. Holdings as of Nov 3, 2026.

QCLN · 1 year to Nov 4, 2026 67% of its weight is outside the S&P 500

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

QCLN costs 0.01 points a year less; their one-year returns differ by 13.5 points; QCLN is 2.6 times larger.

Points (pts) are percentage points.

FAN vs QCLN: Holdings Overlap & Returns
Measure	FAN	QCLN
Return
Measure	FAN	QCLN
Total return, 1 year	+15.1%	+1.6%
Drawdown
Measure	FAN	QCLN
Below its all-time high	14.9%, high on May 6, 2026	47.7%, high on Feb 9, 2021
Against its benchmark
Measure	FAN	QCLN
What it tracks	Clean energy	Clean energy
Its benchmark, total return, 1 year	+14.8%	+14.8%
Against its benchmark, 1 year		behind by 13.2 pts
Cost and size
Measure	FAN	QCLN
Expense ratio	0.60%	0.59%
Net assets, as of Nov 3, 2026	$190m	$489m
Holdings
Measure	FAN	QCLN
Holdings in common	4%

Method

Risk and return

Jul 3, 2008 to Oct 30, 2026 · 956 weekly returns · each against IWV

FAN QCLN

Return

Total return edge QCLN +10.1% +108.8%

Annualized edge QCLN +0.5% +4.1%

Price return edge QCLN −22.1% +89.6%

Risk

Volatility edge FAN 25.0% 34.7%

Max drawdown edge QCLN −78.1% −69.6%

Downside capture 103.6% 129.2%

Beta 1.02 1.51

Risk-adjusted

Sharpe edge QCLN 0.09 0.25

Sortino edge QCLN 0.12 0.35

Treynor 0.022 0.057

Calmar edge QCLN 0.01 0.06

Against the benchmark

Alpha −9.5% a year −8.8% a year

Alpha t-stat −2.46 −1.80

Information ratio −0.56 −0.13

Tracking error 16.5% 22.8%

Reading

From Jul 2008 to Oct 2026, QCLN returned more: +108.8% to +10.1%. FAN swung less: 25.0% to 34.7%. QCLN fell less at its worst: −69.6% to −78.1%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: FAN vs QCLN: Holdings Overlap & Returns
Measure	FAN	QCLN	IWV	Edge	How it is measured
Return
Total return	+10.1%	+108.8%		QCLN	Price change plus distributions, reinvested.
Annualized	+0.5%	+4.1%		QCLN	Total return as a yearly rate.
Price return	−22.1%	+89.6%		QCLN	Price change alone, distributions left out.
Risk
Volatility	25.0%	34.7%		FAN	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	18.5%	24.4%		FAN	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−78.1%	−69.6%		QCLN	Deepest fall from a high to the low after it.
Upside capture	77.2%	171.9%	100.0%	QCLN	Share of its benchmark's rise caught in the weeks it rose.
Downside capture	103.6%	129.2%	100.0%	FAN	Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	1.02	1.51	1.00	FAN lower	How far it moves for each 1% its benchmark moves.
R squared	0.56	0.64	1.00	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.09	0.25		QCLN	Return above Treasury bills per unit of volatility.
Sortino	0.12	0.35		QCLN	Return above Treasury bills per unit of downside deviation.
Treynor	0.022	0.057	0.115	QCLN	Return above Treasury bills per unit of beta.
Calmar	0.01	0.06		QCLN	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	IWV	IWV	IWV		The ETF each fund is measured against.
Alpha	−9.5% a year	−8.8% a year	0.0%	FAN significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−2.46	−1.80		Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−17.1% to −1.9%	−18.4% to +0.8%		QCLN's includes zero	The 95% range for the yearly alpha.
Information ratio	−0.56	−0.13		QCLN	Return against its benchmark per unit of tracking error.
Tracking error	16.5%	22.8%	0.0%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 956 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, FAN and QCLN hold 4% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

4% in common

Positions both hold · largest shared weight first FAN QCLN

Enlight Renewable Energy Ltd. 1.81% 3.27%

Clearway Energy, Inc. (Class C) 1.72% 1.51%

American Superconductor Corporation 0.63% 0.48%

Renew Energy Global Plc (Class A) 0.32% 0.61%

Only in one fund ↓

Only in FAN

Nordex SE 8.61%

Orsted A/S 8.33%

EDP Renewables SA 7.96%

Vestas Wind Systems A/S 7.70%

China Longyuan Power Group Corporation Limited (Class H) 6.14%

Cadeler A/S 4.34%

ERG SpA 4.08%

CS Wind Corp. 2.99%

Only in QCLN

Tesla, Inc. 9.29%

Monolithic Power Systems, Inc. 8.99%

Bloom Energy Corporation (Class A) 8.90%

ON Semiconductor Corporation 8.41%

Rivian Automotive, Inc. (Class A) 6.42%

Nextpower Inc. (Class A) 5.02%

First Solar, Inc. 3.95%

Acuity Inc. 3.58%

Check overlap with more funds →

Window by window

Window by window: FAN vs QCLN: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	FAN	QCLN	FAN	QCLN
3 months	−1.5%	−11.9%	−1.2 pts vs IWV	−11.6 pts vs IWV
6 months	−14.9%	−25.1%	−19.8 pts vs IWV	−30.0 pts vs IWV
1 year	+15.1%	+1.6%	+0.3 pts vs IWV	−13.2 pts vs IWV
3 years	+66.8%	+27.3%	−14.2 pts vs IWV	−53.7 pts vs IWV
Since launchNot the same days: FAN Jun 2008 · QCLN Feb 2007	+12.2%	+149.5%	not measured	not measured

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Side by side

FAN First Trust Global Wind Energy ETF · Holds 45 stocks in clean energy, 7% of its weight in S&P 500 companies QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund · Holds 57 stocks in clean energy, 34% of its weight in S&P 500 companies

Issuer First Trust First Trust

Theme Clean energy Clean energy

In the S&P 500 6.7% 33.5%

Active share vs the S&P 500 99.2% 97.9%

In the Nasdaq-100 0.0% 18.3%

Holdings 45 57

Top ten, share of the fund 55.2% 61.3%

Expense ratio 0.60% 0.59%

Fee for the differing part 0.60% 0.60%

Total return, 1 year +15.1% +1.6%

vs its benchmark +0.3 pts vs IWV −13.2 pts vs IWV

Below its high −14.9% −47.7%

Net assets, as of Nov 3, 2026 $190m $489m

As of Nov 4, 2026. Source: ETFIQ.

4% of the two portfolios are the same securities at the same weight.

Client brief:

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About each fund

FAN

Over the year to Nov 4, 2026 the fund returned +15.1% with distributions reinvested against +14.8% for its benchmark, the Russell 3000 Index, so a holder was about even.

By weight, 7% of FAN's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 55% of the fund across 45 positions, as published by its issuer for Nov 3, 2026. It sits 14.9% below its all-time high of May 6, 2026.

QCLN

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 FAN and QCLN hold the same stocks?: By their latest filings, 4% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, FAN or QCLN?: FAN has 7% of its weight in S&P 500 names and QCLN has 34%, so FAN differs more from the index.
Which is cheaper, FAN or QCLN?: FAN charges 0.60% a year and QCLN charges 0.59%, so QCLN is cheaper. Fees come from each fund's prospectus.

Other comparisons

FAN vs PBW FAN vs TAN FAN vs ICLN FAN vs PBD QCLN vs SMOG QCLN vs TAN QCLN vs VCLN QCLN vs FRNW

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →FAN on its own →QCLN on its own →FAN dividend history →FAN holdings →QCLN dividend history →QCLN holdings →Method →Standards and sources →

Sources and dates

FAN filings on SEC EDGAR ↗

FAN prospectus with the expense ratio (SEC) ↗

First Trust page for FAN ↗

QCLN filings on SEC EDGAR ↗

QCLN prospectus with the expense ratio (SEC) ↗

First Trust page for QCLN ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, FAN against QCLN, data as of Nov 4, 2026. https://etfiq.com/compare/themes/fan-vs-qcln

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.