BRAZ vs. GRID

Last updated Jun 25, 2026

BRAZ (Global X Brazil Active ETF) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - BRAZ is a Latin America Equities fund tracking the Solactive Brazil Mid Cap Index, while GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. Both are passively managed. Over the past year, BRAZ returned 23.68% vs 39.31% for GRID. A 0.52 correlation means they provide meaningful diversification when combined. BRAZ charges 0.75%/yr vs 0.70%/yr for GRID.

Performance

BRAZ vs. GRID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Brazil Active ETF (BRAZ) and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRAZ achieves a 5.38% return, which is significantly lower than GRID's 23.03% return.

BRAZ

• 1D: -1.43%
• 1M: -6.41%
• YTD: 5.38%
• 6M: 6.55%
• 1Y: 23.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GRID

• 1D: -0.30%
• 1M: -2.26%
• YTD: 23.03%
• 6M: 21.65%
• 1Y: 39.31%
• 3Y*: 24.08%
• 5Y*: 16.47%
• 10Y*: 19.91%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BRAZ vs. GRID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BRAZ Global X Brazil Active ETF	5.38%	45.42%	-29.74%	17.80%
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	23.03%	29.65%	15.18%	8.63%

Correlation

The correlation between BRAZ and GRID is 0.55, 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	0.55
Correlation (All Time) Calculated using the full available price history since Aug 18, 2023	0.52

The correlation between BRAZ and GRID has been stable across timeframes, ranging from 0.52 to 0.55 - a consistent structural relationship.

BRAZ vs. GRID - Sectors Allocation Comparison

Sectors	BRAZ	GRID
Financial Services	34.4%	-
Energy	18.3%	1.6%
Basic Materials	14.0%	0.0%
Industrials	11.6%	24.2%
Utilities	10.2%	3.9%
Consumer Cyclical	3.8%	2.3%
Real Estate	2.9%	-
Healthcare	2.5%	-
Consumer Defensive	1.4%	-
Technology	1.0%	12.5%
Communication Services	-	-

Return for Risk

BRAZ vs. GRID — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BRAZ

BRAZ Risk / Return Rank: 28
BRAZ Sharpe Ratio Rank: 30
BRAZ Sortino Ratio Rank: 28
BRAZ Omega Ratio Rank: 28
BRAZ Calmar Ratio Rank: 27
BRAZ Martin Ratio Rank: 28

GRID

GRID Risk / Return Rank: 65
GRID Sharpe Ratio Rank: 63
GRID Sortino Ratio Rank: 58
GRID Omega Ratio Rank: 60
GRID Calmar Ratio Rank: 73
GRID Martin Ratio Rank: 72

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.

BRAZ vs. GRID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Brazil Active ETF (BRAZ) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BRAZ	GRID	Difference
Sharpe ratio: Return per unit of total volatility	0.98	1.87	-0.89
Sortino ratio: Return per unit of downside risk	1.42	2.47	-1.06
Omega ratio: Gain probability vs. loss probability	1.18	1.33	-0.15
Calmar ratio: Return relative to maximum drawdown	1.21	3.37	-2.16
Martin ratio: Return relative to average drawdown	3.56	11.90	-8.34

BRAZ vs. GRID - Sharpe Ratio Comparison

The current BRAZ Sharpe Ratio is 0.98, which is lower than the GRID Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of BRAZ 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.

Drawdowns

BRAZ vs. GRID - Drawdown Comparison

The maximum BRAZ drawdown since its inception was -31.02%, smaller than the maximum GRID drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for BRAZ and GRID.

Drawdown Indicators

	BRAZ	GRID	Difference
Max Drawdown Largest peak-to-trough decline	-31.02%	-40.56%	+9.54%
Max Drawdown (1Y) Largest decline over 1 year	-19.65%	-11.73%	-7.92%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.64%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-40.56%	—
Current Drawdown Current decline from peak	-18.88%	-5.83%	-13.05%
Average Drawdown Average peak-to-trough decline	-11.36%	-8.42%	-2.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.67%	3.31%	+3.36%

Volatility

BRAZ vs. GRID - Volatility Comparison

The current volatility for Global X Brazil Active ETF (BRAZ) is 5.45%, while First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a volatility of 10.09%. This indicates that BRAZ 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.

Volatility by Period

	BRAZ	GRID	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.45%	10.09%	-4.64%
Volatility (6M) Calculated over the trailing 6-month period	19.11%	18.22%	+0.89%
Volatility (1Y) Calculated over the trailing 1-year period	24.40%	21.25%	+3.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.52%	21.36%	+2.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.52%	22.79%	+0.73%

BRAZ vs. GRID - Expense Ratio Comparison

BRAZ has a 0.75% expense ratio, which is higher than GRID's 0.70% expense ratio.

Dividends

BRAZ vs. GRID - Dividend Comparison

BRAZ's dividend yield for the trailing twelve months is around 3.24%, more than GRID's 0.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRAZ Global X Brazil Active ETF	3.24%	3.41%	4.16%	1.88%	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	0.80%	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

Can I hold both BRAZ and GRID in my portfolio?

BRAZ and GRID have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRAZ or GRID?

GRID has higher volatility (10.09%) compared to BRAZ (5.45%). In terms of maximum drawdown, BRAZ dropped -31.02% vs GRID's -40.56%.

Which ETF is better, BRAZ or GRID?

On 1-year performance, GRID leads with 39.31% vs 23.68% for BRAZ. On fees, GRID is cheaper at 0.70% per year. On volatility, BRAZ has been the lower-risk option at 5.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BRAZ or GRID?

Over the 1-year period, GRID has performed better with a 39.31% return vs 23.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BRAZ or GRID?

GRID is cheaper with a 0.70% expense ratio, compared with 0.75% for BRAZ.

Which ETF pays a higher dividend yield, BRAZ or GRID?

BRAZ has the higher dividend yield at 3.24%, compared with 0.80% for GRID.

What is the main difference between BRAZ and GRID?

BRAZ is categorized as Latin America Equities, while GRID is Alternative Energy Equities. BRAZ tracks Solactive Brazil Mid Cap Index, while GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index. They also come from different issuers: Global X and First Trust. Their fees differ too: 0.75% for BRAZ and 0.70% for GRID.

Which has better risk-adjusted returns?

GRID currently has the higher Sharpe Ratio (1.87 vs 0.98), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.