AFMC vs. GRID
Compare and contrast key facts about First Trust Active Factor Mid Cap ETF (AFMC) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID).
AFMC and GRID are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AFMC is an actively managed fund by First Trust. It was launched on Dec 3, 2019. GRID is a passively managed fund by First Trust that tracks the performance of the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index. It was launched on Nov 17, 2009.
Performance
AFMC vs. GRID - Performance Comparison
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AFMC vs. GRID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AFMC First Trust Active Factor Mid Cap ETF | 4.44% | 10.23% | 19.06% | 21.46% | -15.55% | 25.75% | 5.87% | 2.56% |
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index | 9.08% | 29.65% | 15.18% | 21.57% | -13.89% | 27.65% | 48.84% | 4.68% |
Returns By Period
In the year-to-date period, AFMC achieves a 4.44% return, which is significantly lower than GRID's 9.08% return.
AFMC
- 1D
- 1.24%
- 1M
- -4.27%
- YTD
- 4.44%
- 6M
- 5.29%
- 1Y
- 18.27%
- 3Y*
- 16.83%
- 5Y*
- 9.05%
- 10Y*
- —
GRID
- 1D
- 1.98%
- 1M
- -5.47%
- YTD
- 9.08%
- 6M
- 9.98%
- 1Y
- 48.00%
- 3Y*
- 20.91%
- 5Y*
- 15.14%
- 10Y*
- 18.31%
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AFMC vs. GRID - Expense Ratio Comparison
AFMC has a 0.65% expense ratio, which is lower than GRID's 0.70% expense ratio.
Return for Risk
AFMC vs. GRID — Risk / Return Rank
AFMC
GRID
AFMC vs. GRID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Active Factor Mid Cap ETF (AFMC) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AFMC | GRID | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 2.25 | -1.30 |
Sortino ratioReturn per unit of downside risk | 1.45 | 3.04 | -1.59 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.42 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 4.18 | -2.73 |
Martin ratioReturn relative to average drawdown | 6.22 | 15.64 | -9.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AFMC | GRID | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 2.25 | -1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.74 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.81 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.53 | -0.06 |
Correlation
The correlation between AFMC and GRID is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
AFMC vs. GRID - Dividend Comparison
AFMC's dividend yield for the trailing twelve months is around 0.87%, less than GRID's 0.90% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFMC First Trust Active Factor Mid Cap ETF | 0.87% | 0.96% | 0.64% | 0.87% | 1.42% | 0.84% | 1.05% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% |
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index | 0.90% | 1.01% | 1.06% | 1.23% | 1.26% | 0.63% | 0.68% | 1.26% | 1.28% | 1.07% | 1.07% | 1.23% |
Drawdowns
AFMC vs. GRID - Drawdown Comparison
The maximum AFMC drawdown since its inception was -42.14%, roughly equal to the maximum GRID drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for AFMC and GRID.
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Drawdown Indicators
| AFMC | GRID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.14% | -40.56% | -1.58% |
Max Drawdown (1Y)Largest decline over 1 year | -13.18% | -11.73% | -1.45% |
Max Drawdown (5Y)Largest decline over 5 years | -25.40% | -29.64% | +4.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.56% | — |
Current DrawdownCurrent decline from peak | -4.60% | -6.55% | +1.95% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -8.50% | +0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 3.14% | -0.07% |
Volatility
AFMC vs. GRID - Volatility Comparison
The current volatility for First Trust Active Factor Mid Cap ETF (AFMC) is 6.02%, while First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) has a volatility of 8.59%. This indicates that AFMC experiences smaller price fluctuations and is considered to be less risky than GRID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AFMC | GRID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.02% | 8.59% | -2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 11.42% | 14.24% | -2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.45% | 21.49% | -2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.97% | 20.69% | -1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.11% | 22.74% | +0.37% |