QCLN vs. BIS ETF Comparison
Comparison of First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) to ProShares UltraShort Nasdaq Biotechnology (BIS)
QCLN
First Trust NASDAQ Clean Edge Green Energy Index Fund
QCLN Description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ(R) Clean Edge(R) Green Energy Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a modified market capitalization-weighted index in which larger companies receive a larger Index weighting and includes caps to prevent high concentrations among larger alternative energy stocks. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$35.57
Average Daily Volume
173,517
49
BIS
ProShares UltraShort Nasdaq Biotechnology
BIS Description
The investment seeks daily investment results that correspond to two times the inverse (-2x) of the daily performance of the Nasdaq Biotechnology Index®. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index is a modified capitalization weighted index that includes securities of NASDAQ listed companies that are classified as either biotechnology or pharmaceutical according to the Industry Classification Benchmark ("ICB") which also meet other eligibility criteria determined by NASDAQ. It is non-diversified.Grade (RS Rating)
Last Trade
$16.92
Average Daily Volume
5,076
74
Performance
Period | QCLN | BIS |
---|---|---|
30 Days | -6.15% | 2.15% |
60 Days | 1.51% | -5.58% |
90 Days | 7.17% | -9.43% |
12 Months | -30.20% | -18.78% |
0 Overlapping Holdings
Symbol | Grade | Weight in QCLN | Weight in BIS | Overlap |
---|
QCLN Overweight 49 Positions Relative to BIS
Symbol | Grade | Weight | |
---|---|---|---|
TSLA | B | 9.46% | |
ON | C | 7.93% | |
FSLR | C | 7.85% | |
ENPH | F | 6.89% | |
RIVN | C | 5.66% | |
ALB | F | 5.44% | |
OLED | A | 4.81% | |
AYI | D | 3.65% | |
LCID | D | 3.01% | |
ALGM | C | 2.67% | |
ITRI | C | 2.23% | |
ORA | C | 2.19% | |
ENS | C | 2.03% | |
AEIS | C | 1.97% | |
POWI | D | 1.92% | |
HASI | D | 1.66% | |
BE | D | 1.45% | |
RUN | F | 1.44% | |
WOLF | F | 1.43% | |
NEP | F | 1.3% | |
AY | B | 1.25% | |
FLNC | F | 1.19% | |
CWEN | D | 1.05% | |
MP | D | 1.04% | |
ASPN | D | 0.92% | |
PLUG | F | 0.89% | |
SQM | D | 0.87% | |
RNW | D | 0.8% | |
ARRY | F | 0.79% | |
SEDG | F | 0.71% | |
VICR | F | 0.54% | |
SHLS | F | 0.54% | |
AMRC | F | 0.52% | |
AMSC | B | 0.44% | |
MNTK | C | 0.4% | |
NOVA | D | 0.39% | |
AMPS | D | 0.33% | |
CHPT | D | 0.31% | |
CLNE | F | 0.3% | |
SPWR | F | 0.26% | |
LYTS | D | 0.2% | |
LNZA | F | 0.17% | |
BLNK | F | 0.14% | |
FCEL | F | 0.14% | |
WBX | F | 0.13% | |
LEV | F | 0.1% | |
STEM | F | 0.09% | |
PSNY | F | 0.09% | |
MAXN | F | 0.03% |
QCLN Underweight 74 Positions Relative to BIS
Symbol | Grade | Weight | |
---|---|---|---|
AMGN | B | -8.14% | |
GILD | C | -7.41% | |
VRTX | B | -7.21% | |
BIIB | C | -6.12% | |
ILMN | D | -5.67% | |
REGN | B | -4.13% | |
INCY | D | -2.09% | |
BMRN | C | -1.91% | |
ALNY | A | -1.6% | |
VTRS | D | -1.35% | |
SNY | B | -1.29% | |
NBIX | C | -1.16% | |
SRPT | C | -1.15% | |
NVCR | D | -1.1% | |
JAZZ | F | -1.03% | |
TECH | D | -1.02% | |
IONS | B | -1.02% | |
GH | C | -0.96% | |
AMRN | D | -0.85% | |
MRNA | D | -0.83% | |
BGNE | F | -0.83% | |
ACAD | C | -0.81% | |
ASND | B | -0.77% | |
EXEL | C | -0.73% | |
ARWR | C | -0.65% | |
BLUE | F | -0.65% | |
BBIO | D | -0.51% | |
ALLK | F | -0.49% | |
UTHR | B | -0.49% | |
NKTR | C | -0.48% | |
SAGE | F | -0.48% | |
BPMC | A | -0.48% | |
FGEN | F | -0.47% | |
DCPH | A | -0.43% | |
AGIO | C | -0.43% | |
CRSP | F | -0.42% | |
RARE | D | -0.42% | |
ADPT | C | -0.42% | |
MEDP | C | -0.4% | |
PTCT | D | -0.4% | |
ARGX | B | -0.4% | |
AXSM | B | -0.38% | |
ALLO | F | -0.37% | |
GRFS | D | -0.36% | |
IOVA | F | -0.36% | |
ALKS | C | -0.36% | |
KOD | F | -0.35% | |
HALO | B | -0.35% | |
QURE | F | -0.35% | |
FOLD | C | -0.32% | |
APLS | F | -0.31% | |
XNCR | F | -0.26% | |
MYGN | B | -0.26% | |
DNLI | C | -0.26% | |
ZLAB | F | -0.24% | |
IRWD | F | -0.24% | |
ARVN | F | -0.24% | |
INSM | A | -0.23% | |
FATE | F | -0.23% | |
PCRX | F | -0.22% | |
GLPG | F | -0.22% | |
ITCI | C | -0.21% | |
RGNX | F | -0.21% | |
ESPR | C | -0.19% | |
EDIT | F | -0.19% | |
LGND | B | -0.19% | |
INVA | B | -0.18% | |
VCYT | C | -0.18% | |
ALEC | F | -0.18% | |
TBPH | D | -0.17% | |
YMAB | D | -0.16% | |
CHRS | F | -0.16% | |
HCM | C | -0.15% | |
SUPN | F | -0.15% |
QCLN: Top Represented Industries & Keywords
BIS: Top Represented Industries & Keywords