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BATT.L vs. GRID
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BATT.L vs. GRID

Last updated Jun 5, 2026

BATT.L (L&G Battery Value-Chain UCITS ETF) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both Alternative Energy Equities funds - BATT.L tracks the Solactive Battery Value-Chain Index while GRID tracks the Nasdaq Clean Edge Smart Grid Infrastructure Index. Both are passively managed. Over the past 5 years, BATT.L returned 16.19%/yr vs 17.83%/yr for GRID. A 0.58 correlation means they provide meaningful diversification when combined. BATT.L charges 0.49%/yr vs 0.70%/yr for GRID.

Performance

BATT.L vs. GRID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in L&G Battery Value-Chain UCITS ETF (BATT.L) and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BATT.L achieves a 35.17% return, which is significantly higher than GRID's 28.82% return.

BATT.L

1D
-2.55%
1M
-1.49%
YTD
35.17%
6M
40.03%
1Y
128.07%
3Y*
28.19%
5Y*
16.19%
10Y*
—

GRID

1D
-0.07%
1M
1.81%
YTD
28.82%
6M
28.40%
1Y
50.60%
3Y*
26.57%
5Y*
17.83%
10Y*
19.50%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BATT.L vs. GRID - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
BATT.L
L&G Battery Value-Chain UCITS ETF		35.17%71.43%-1.20%8.80%-14.18%15.68%81.32%16.59%-24.50%
GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund		28.82%29.65%15.18%21.57%-13.89%27.65%48.84%42.80%-25.96%

Correlation

The correlation between BATT.L and GRID is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.58

Correlation (3Y)
Calculated over the trailing 3-year period

0.57

Correlation (5Y)
Calculated over the trailing 5-year period

0.58

Correlation (All Time)
Calculated using the full available price history since Jan 24, 2018

0.58

The correlation between BATT.L and GRID has been stable across timeframes, ranging from 0.57 to 0.58 - a consistent structural relationship.

BATT.L vs. GRID - Sectors Allocation Comparison

Sectors
BATT.L
GRID

Basic Materials

36.9%
0.0%

Industrials

33.3%
65.2%

Consumer Cyclical

15.0%
3.5%

Technology

11.8%
11.0%

Utilities

3.0%
20.4%

Communication Services

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

-

Healthcare

-

-

Real Estate

-

-

Basic Materials

BATT.L
36.9%
GRID
0.0%

Industrials

BATT.L
33.3%
GRID
65.2%

Consumer Cyclical

BATT.L
15.0%
GRID
3.5%

Technology

BATT.L
11.8%
GRID
11.0%

Utilities

BATT.L
3.0%
GRID
20.4%

Communication Services

BATT.L

-

GRID

-

Consumer Defensive

BATT.L

-

GRID

-

Energy

BATT.L

-

GRID

-

Financial Services

BATT.L

-

GRID

-

Healthcare

BATT.L

-

GRID

-

Real Estate

BATT.L

-

GRID

-

Compare stocks, funds, or ETFs

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L&G Battery Value-Chain UCITS ETF

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

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Often compared with GRID:
GRID vs. ICLNGRID vs. NLRGRID vs. VOOGRID vs. FIWGRID vs. POWRGRID vs. VOLTGRID vs. QCLN

Return for Risk

BATT.L vs. GRID — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BATT.L
BATT.L Risk / Return Rank: 9595
Overall Rank
BATT.L Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
BATT.L Sortino Ratio Rank: 9393
Sortino Ratio Rank
BATT.L Omega Ratio Rank: 9292
Omega Ratio Rank
BATT.L Calmar Ratio Rank: 9696
Calmar Ratio Rank
BATT.L Martin Ratio Rank: 9595
Martin Ratio Rank
GRID
GRID Risk / Return Rank: 8080
Overall Rank
GRID Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
GRID Sortino Ratio Rank: 7878
Sortino Ratio Rank
GRID Omega Ratio Rank: 7676
Omega Ratio Rank
GRID Calmar Ratio Rank: 8383
Calmar Ratio Rank
GRID Martin Ratio Rank: 8282
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BATT.L vs. GRID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Battery Value-Chain UCITS ETF (BATT.L) and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (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.

BATT.LGRIDDifference
Sharpe ratioReturn per unit of total volatility
4.24
2.62

+1.62

Sortino ratioReturn per unit of downside risk
4.61
3.45

+1.16

Omega ratioGain probability vs. loss probability

1.62

1.44

+0.17

Calmar ratioReturn relative to maximum drawdown

8.95

4.34

+4.61

Martin ratioReturn relative to average drawdown

30.19

16.40

+13.79

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BATT.L vs. GRID - Sharpe Ratio Comparison

The current BATT.L Sharpe Ratio is 4.24, which is higher than the GRID Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of BATT.L and GRID, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

BATT.LGRIDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.24

2.62

+1.62

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.63

0.85

-0.22

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.86

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.71

0.57

+0.14

Drawdowns

BATT.L vs. GRID - Drawdown Comparison

The maximum BATT.L drawdown since its inception was -39.70%, roughly equal to the maximum GRID drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for BATT.L and GRID.

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Drawdown Indicators

BATT.LGRIDDifference

Max Drawdown

Largest peak-to-trough decline

-39.70%

-40.56%

+0.86%

Max Drawdown (1Y)

Largest decline over 1 year

-14.23%

-11.73%

-2.50%

Max Drawdown (3Y)

Largest decline over 3 years

-33.90%

-20.77%

-13.13%

Max Drawdown (5Y)

Largest decline over 5 years

-33.90%

-29.64%

-4.26%

Max Drawdown (10Y)

Largest decline over 10 years

—

-40.56%

—

Current Drawdown

Current decline from peak

-5.46%

-1.40%

-4.06%

Average Drawdown

Average peak-to-trough decline

-12.01%

-8.43%

-3.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.23%

3.09%

+1.14%

Volatility

BATT.L vs. GRID - Volatility Comparison

L&G Battery Value-Chain UCITS ETF (BATT.L) has a higher volatility of 11.35% compared to First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) at 7.75%. This indicates that BATT.L's price experiences larger fluctuations and is considered to be riskier 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

BATT.LGRIDDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.35%

7.75%

+3.60%

Volatility (6M)

Calculated over the trailing 6-month period

23.92%

16.08%

+7.84%

Volatility (1Y)

Calculated over the trailing 1-year period

30.01%

19.38%

+10.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.51%

21.00%

+4.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.15%

22.80%

+2.35%

BATT.L vs. GRID - Expense Ratio Comparison

BATT.L has a 0.49% expense ratio, which is lower than GRID's 0.70% expense ratio.

Dividends

BATT.L vs. GRID - Dividend Comparison

BATT.L has not paid dividends to shareholders, while GRID's dividend yield for the trailing twelve months is around 0.77%.

PositionTTM20252024202320222021202020192018201720162015
BATT.L
L&G Battery Value-Chain UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund		0.77%1.01%1.06%1.23%1.26%0.63%0.68%1.26%1.28%1.07%1.07%1.23%

Frequently Asked Questions

BATT.L and GRID have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, BATT.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

BATT.L is cheaper with a 0.49% expense ratio, compared with 0.70% for GRID.

BATT.L tracks Solactive Battery Value-Chain Index, while GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index. They also come from different issuers: Legal & General and First Trust. Their fees differ too: 0.49% for BATT.L and 0.70% for GRID.

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