Correlation
The correlation between BCUS and GRID is 0.83, 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.
BCUS vs. GRID
Compare and contrast key facts about Bancreek U.S. Large Cap ETF (BCUS) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID).
BCUS and GRID are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BCUS is an actively managed fund by Bancreek. It was launched on Dec 20, 2023. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BCUS or GRID.
Performance
BCUS vs. GRID - Performance Comparison
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Key characteristics
BCUS:
0.64
GRID:
0.43
BCUS:
0.88
GRID:
0.66
BCUS:
1.12
GRID:
1.08
BCUS:
0.59
GRID:
0.40
BCUS:
1.86
GRID:
1.40
BCUS:
5.73%
GRID:
5.90%
BCUS:
19.25%
GRID:
22.88%
BCUS:
-18.13%
GRID:
-40.55%
BCUS:
-4.10%
GRID:
-1.31%
Returns By Period
In the year-to-date period, BCUS achieves a 2.71% return, which is significantly lower than GRID's 9.00% return.
BCUS
2.71%
4.62%
-3.84%
11.56%
N/A
N/A
N/A
GRID
9.00%
8.68%
3.44%
9.61%
16.01%
20.85%
14.78%
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BCUS vs. GRID - Expense Ratio Comparison
Both BCUS and GRID have an expense ratio of 0.70%.
Risk-Adjusted Performance
BCUS vs. GRID — Risk-Adjusted Performance Rank
BCUS
GRID
BCUS vs. GRID - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bancreek U.S. Large Cap ETF (BCUS) 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.
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Dividends
BCUS vs. GRID - Dividend Comparison
BCUS's dividend yield for the trailing twelve months is around 0.29%, less than GRID's 1.00% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCUS Bancreek U.S. Large Cap ETF | 0.29% | 0.23% | 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 | 1.00% | 1.06% | 1.23% | 1.26% | 0.63% | 0.68% | 1.26% | 1.28% | 1.07% | 1.07% | 1.23% | 1.46% |
Drawdowns
BCUS vs. GRID - Drawdown Comparison
The maximum BCUS drawdown since its inception was -18.13%, smaller than the maximum GRID drawdown of -40.55%. Use the drawdown chart below to compare losses from any high point for BCUS and GRID.
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Volatility
BCUS vs. GRID - Volatility Comparison
The current volatility for Bancreek U.S. Large Cap ETF (BCUS) is 3.30%, while First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) has a volatility of 4.09%. This indicates that BCUS 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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