"The First Trust Nasdaq Clean Edge Green Energy Index Fund (QCLN) is the most diversified of the three. Launched in February 2007, it is one of the oldest clean energy ETFs available, with $576 million in assets and an expense ratio of 0.56%."
"Its largest positions include Bloom Energy at 12.8%, ON Semiconductor at 8.8%, Tesla at 7.7%, and Rivian at 6.9%. That mix tells you something important: this is not a solar ETF or a wind ETF."
"The tradeoff is that diversification cuts both ways. When lithium stocks surged in 2025, QCLN captured some of that through its materials holdings, but not as much as a dedicated lithium fund would."
"The fund also carries meaningful single-stock concentration at the top, with Bloom Energy alone representing nearly 13% of assets."
Three ETFs have gained over 50% in the past year, each representing different investment strategies in the green transition. The First Trust Nasdaq Clean Edge Green Energy Index Fund (QCLN) is the most diversified, tracking a broad range of clean energy companies. It includes significant positions in Bloom Energy, ON Semiconductor, Tesla, and Rivian. While QCLN offers wide coverage, it may not capture surges in specific sectors like lithium as effectively as dedicated funds. The fund has a low portfolio turnover of 23%, indicating a long-term investment approach.
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