EMXC.DE vs. GRID

Last updated Jul 18, 2026

EMXC.DE (Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - EMXC.DE is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. Both are passively managed. Over the past 5 years, EMXC.DE returned 11.87%/yr vs 16.28%/yr for GRID. A 0.54 correlation means they provide meaningful diversification when combined. EMXC.DE charges 0.15%/yr vs 0.70%/yr for GRID.

Performance

EMXC.DE vs. GRID - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE) and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

EMXC.DE is traded in EUR, while GRID is traded in USD. To make them comparable, the GRID values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, EMXC.DE achieves a 30.36% return, which is significantly higher than GRID's 19.91% return.

EMXC.DE

• 1D: -1.60%
• 1M: -12.60%
• 6M: 21.10%
• YTD: 30.36%
• 1Y: 49.32%
• 3Y*: 21.90%
• 5Y*: 11.87%
• 10Y*: —

GRID

• 1D: 0.14%
• 1M: -6.02%
• 6M: 13.78%
• YTD: 19.91%
• 1Y: 27.14%
• 3Y*: 18.65%
• 5Y*: 16.28%
• 10Y*: 18.04%

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

EMXC.DE vs. GRID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
EMXC.DE Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc	30.36%	19.92%	9.13%	14.31%	-13.59%	17.56%	2.25%	-4.50%
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	19.91%	14.27%	22.79%	17.93%	-8.55%	37.20%	36.57%	17.72%

Correlation

The correlation between EMXC.DE and GRID is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (All Time) Calculated using the full available price history since Jun 20, 2019	0.54

The correlation between EMXC.DE and GRID shifts across timeframes, from 0.54 (5 years) to 0.65 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

EMXC.DE vs. GRID — Risk / Return Rank

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

EMXC.DE

EMXC.DE Risk / Return Rank: 81
EMXC.DE Sharpe Ratio Rank: 83
EMXC.DE Sortino Ratio Rank: 78
EMXC.DE Omega Ratio Rank: 81
EMXC.DE Calmar Ratio Rank: 83
EMXC.DE Martin Ratio Rank: 81

GRID

GRID Risk / Return Rank: 44
GRID Sharpe Ratio Rank: 39
GRID Sortino Ratio Rank: 37
GRID Omega Ratio Rank: 38
GRID Calmar Ratio Rank: 54
GRID Martin Ratio Rank: 50

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.

EMXC.DE vs. GRID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE) 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.

	EMXC.DE	GRID	Difference
Sharpe ratio: Return per unit of total volatility	2.09	1.32	+0.77
Sortino ratio: Return per unit of downside risk	2.73	1.79	+0.94
Omega ratio: Gain probability vs. loss probability	1.37	1.23	+0.14
Calmar ratio: Return relative to maximum drawdown	3.51	2.78	+0.74
Martin ratio: Return relative to average drawdown	12.15	8.29	+3.86

EMXC.DE vs. GRID - Sharpe Ratio Comparison

The current EMXC.DE Sharpe Ratio is 2.09, which is higher than the GRID Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of EMXC.DE 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

EMXC.DE vs. GRID - Drawdown Comparison

The maximum EMXC.DE drawdown since its inception was -40.89%, roughly equal to the maximum GRID drawdown of -41.27%. Use the drawdown chart below to compare losses from any high point for EMXC.DE and GRID.

Drawdown Indicators

	EMXC.DE	GRID	Difference
Max Drawdown Largest peak-to-trough decline	-40.89%	-41.27%	+0.38%
Max Drawdown (1Y) Largest decline over 1 year	-13.66%	-9.82%	-3.84%
Max Drawdown (3Y) Largest decline over 3 years	-20.47%	-24.27%	+3.80%
Max Drawdown (5Y) Largest decline over 5 years	-20.47%	-24.27%	+3.80%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.27%	—
Current Drawdown Current decline from peak	-13.66%	-9.70%	-3.96%
Average Drawdown Average peak-to-trough decline	-7.73%	-7.09%	-0.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.95%	3.28%	+0.67%

Volatility

EMXC.DE vs. GRID - Volatility Comparison

Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE) has a higher volatility of 9.94% compared to First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) at 8.48%. This indicates that EMXC.DE'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.

Volatility by Period

	EMXC.DE	GRID	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.94%	8.48%	+1.46%
Volatility (6M) Calculated over the trailing 6-month period	20.82%	17.74%	+3.08%
Volatility (1Y) Calculated over the trailing 1-year period	23.00%	20.89%	+2.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.71%	19.95%	-3.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.20%	22.09%	-2.89%

EMXC.DE vs. GRID - Expense Ratio Comparison

EMXC.DE has a 0.15% expense ratio, which is lower than GRID's 0.70% expense ratio.

Dividends

EMXC.DE vs. GRID - Dividend Comparison

EMXC.DE has not paid dividends to shareholders, while GRID's dividend yield for the trailing twelve months is around 0.80%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMXC.DE Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc	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	0.80%	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 EMXC.DE and GRID in my portfolio?

EMXC.DE and GRID have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EMXC.DE or GRID?

On fees, EMXC.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EMXC.DE or GRID?

EMXC.DE is cheaper with a 0.15% expense ratio, compared with 0.70% for GRID.

What is the main difference between EMXC.DE and GRID?

EMXC.DE is categorized as Emerging Markets Equities, while GRID is Alternative Energy Equities. EMXC.DE tracks MSCI EM NR USD, while GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index. They also come from different issuers: Amundi and First Trust. Their fees differ too: 0.15% for EMXC.DE and 0.70% for GRID.