QCLN vs. LGHT ETF Comparison
Comparison of First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) to Langar Global HealthTech ETF (LGHT)
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
$33.77
Average Daily Volume
113,185
46
LGHT
Langar Global HealthTech ETF
LGHT Description
LGHT targets the global healthcare technology industry. The fund actively invests in HealthTech companies, which the adviser defines as firms that develop technology designed to create healthcare efficiency by addressing key pain points for patients, providers, payors, and hospitals, including those companies that derive a majority of their revenue from HealthTech products and services. The portfolio construction starts by identifying companies that fit into the advisers HealthTech definition. The remaining companies are screened using a proprietary metric that assesses each firms financial health, involvement in relevant controversies, as well as the strength of its team and culture. Each company is then assigned an industry risk score through an algorithm that defines quantitative and qualitative risk categories and weights them accordingly. Finally, each company is reviewed by an investment committee. However, the portfolio manager still has full discretion over the final selection.Grade (RS Rating)
Last Trade
$10.31
Average Daily Volume
913
31
Performance
| Period | QCLN | LGHT |
|---|---|---|
| 30 Days | 0.18% | -3.06% |
| 60 Days | -3.80% | -2.46% |
| 90 Days | -1.60% | -0.81% |
| 12 Months | -6.25% |
0 Overlapping Holdings
| Symbol | Grade | Weight in QCLN | Weight in LGHT | Overlap |
|---|
QCLN Overweight 46 Positions Relative to LGHT
| Symbol | Grade | Weight | |
|---|---|---|---|
| TSLA | B | 12.33% | |
| ON | F | 7.3% | |
| FSLR | F | 7.28% | |
| AYI | B | 5.49% | |
| RIVN | F | 5.43% | |
| ALB | B | 4.8% | |
| ENPH | F | 4.45% | |
| OLED | F | 3.64% | |
| ITRI | B | 2.94% | |
| LCID | F | 2.82% | |
| ORA | B | 2.67% | |
| AEIS | B | 2.35% | |
| ENS | D | 2.18% | |
| ALGM | F | 2.14% | |
| POWI | D | 1.96% | |
| HASI | F | 1.78% | |
| MP | C | 1.71% | |
| BE | A | 1.68% | |
| FLNC | C | 1.51% | |
| RUN | F | 1.35% | |
| CWEN | C | 1.26% | |
| VICR | C | 0.98% | |
| PLUG | F | 0.96% | |
| NEP | F | 0.88% | |
| SQM | D | 0.85% | |
| RNW | D | 0.72% | |
| AMSC | C | 0.68% | |
| ASPN | F | 0.65% | |
| ARRY | F | 0.64% | |
| PSNY | F | 0.58% | |
| WOLF | F | 0.54% | |
| AMRC | F | 0.51% | |
| SHLS | F | 0.48% | |
| SEDG | F | 0.41% | |
| AMPS | C | 0.36% | |
| CLNE | F | 0.35% | |
| MNTK | F | 0.34% | |
| WLDN | C | 0.33% | |
| LYTS | B | 0.33% | |
| NOVA | F | 0.28% | |
| EOSE | D | 0.27% | |
| CHPT | F | 0.26% | |
| LNZA | F | 0.13% | |
| BLNK | F | 0.09% | |
| WBX | F | 0.08% | |
| TPIC | F | 0.06% |
QCLN Underweight 31 Positions Relative to LGHT
| Symbol | Grade | Weight | |
|---|---|---|---|
| ISRG | A | -15.39% | |
| GEHC | C | -8.56% | |
| RMD | C | -6.71% | |
| IQV | F | -6.34% | |
| DXCM | C | -5.51% | |
| PODD | B | -5.26% | |
| VEEV | C | -5.15% | |
| PHG | C | -4.87% | |
| ZBH | C | -3.57% | |
| BNTX | D | -3.53% | |
| ALGN | D | -2.85% | |
| MASI | B | -2.46% | |
| DOCS | C | -2.06% | |
| MRNA | F | -1.72% | |
| PRCT | B | -1.27% | |
| ALKS | C | -0.66% | |
| TNDM | D | -0.54% | |
| IRTC | C | -0.44% | |
| PRVA | C | -0.44% | |
| OMCL | C | -0.42% | |
| LFST | C | -0.31% | |
| TDOC | C | -0.28% | |
| PGNY | F | -0.25% | |
| EVH | F | -0.22% | |
| SDGR | C | -0.21% | |
| GDRX | F | -0.2% | |
| ALHC | C | -0.2% | |
| PHR | F | -0.17% | |
| ACCD | F | -0.07% | |
| MODV | C | -0.03% | |
| TBRG | A | -0.03% |
QCLN: Top Represented Industries & Keywords
LGHT: Top Represented Industries & Keywords
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