First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) is a clean-energy ETF. As of October 28, 2026, ETF Copilot scores QCLN 3.5 out of 10 — highest on Growth (8.4), lowest on Risk (0.4). It trades at 34.7 times earnings, against its own median of 24.9. Its ten largest holdings are 61% of the fund.
What stands out in QCLN's data
Tracks U.S. clean energy companies focused on green innovation.
Trades at a far richer price than the typical clean-energy fund — you pay more for each dollar of earnings.
Trailing P/E multiple of 34.7x places it among the most expensive clean-energy funds — more than the 19.4x category median. Top holdings concentration sits at 60.5%.
Provides a focused green innovation allocation for a portfolio already holding broader clean energy exposure.
Why did QCLN move this week? It fell 0.7% in the week to October 28, 2026 — Monolithic Power Systems and Bloom Energy drove it
QCLN fell 0.7% in the week to October 28, 2026. The holdings that moved it most were Monolithic Power Systems (−5.6%), Bloom Energy (−4.4%) and Rivian Automotive (−6.3%); Tesla (+4.6%) pushed the other way.
How is QCLN rated? ETF Copilot scores First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) 3.5 out of 10
As of October 28, 2026, ETF Copilot scores First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) 3.5 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 3.5 / 10
- Growth: 8.4 / 10
- Value: 1.9 / 10
- Risk: 0.4 / 10
- Quality: 1.6 / 10
- Return: 3.2 / 10
Is QCLN expensive right now? It trades at 34.7 times earnings, against its own median of 24.9
As of October 28, 2026, QCLN is more expensive than 87% of its own last 9 years.
Trailing 12 months, built from QCLN's holdings. How we calculate this →
What's inside QCLN? 28% Tech
What's inside QCLN: Size (Large 27%, Mid 53%, Small 20%); Geography (International 11%, US 89%); Tech 28.1%; Magnificent 7 9.6%; Semiconductors 23.6%; Memory 5.9%.
What are QCLN's top holdings? The ten largest are 61% of the fund
Tesla, ON Semiconductor, Bloom Energy, Monolithic Power Systems, Rivian Automotive, Nextpower, First Solar, Enlight Renewable Energy, Acuity and Advanced Energy Industries are QCLN's largest holdings, in that order.
More concentrated than 78% of Clean Energy ETFs.
Half of QCLN's weight sits in its 8 largest positions, and once those weights are taken into account it behaves like 20 equally weighted holdings.
What is QCLN's expense ratio? 0.59% a year
As of October 28, 2026, QCLN charges 0.59% a year, yields 0.09% and holds $488M in assets across 57 positions.
| Measure | QCLN |
|---|---|
| Expense ratio | 0.59% |
| Dividend yield | 0.09% |
| Assets under management | $488M |
| Holdings | 57 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) scores and holdings analysis”, as of October 28, 2026.
https://etf-copilot.com/etf/qcln
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