FAUG vs. GRID

Last updated Aug 2, 2026

FAUG (FT Cboe Vest U.S. Equity Buffer ETF - August) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - FAUG is a Defined Outcome fund tracking the Cboe S&P 500 Buffer Protect Index August, while GRID is a Infrastructure Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. Both are passively managed. Over the past 5 years, FAUG returned 9.04%/yr vs 14.46%/yr for GRID. Their 0.80 correlation means they have sometimes moved together and sometimes differently. FAUG charges 0.85%/yr vs 0.70%/yr for GRID.

Performance

FAUG vs. GRID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Equity Buffer ETF - August (FAUG) 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, FAUG achieves a 7.82% return, which is significantly lower than GRID's 17.75% return.

FAUG

• 1D: 0.42%
• 1M: 1.06%
• 6M: 6.84%
• YTD: 7.82%
• 1Y: 15.31%
• 3Y*: 12.97%
• 5Y*: 9.04%
• 10Y*: —
• ALL TIME*: 9.89%

GRID

• 1D: 1.53%
• 1M: -2.62%
• 6M: 9.29%
• YTD: 17.75%
• 1Y: 28.13%
• 3Y*: 20.65%
• 5Y*: 14.46%
• 10Y*: 18.38%
• ALL TIME*: 12.51%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FAUG FT Cboe Vest U.S. Equity Buffer ETF - August	$759.98K	$698.39K	$1.47M
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	$98.53M	$102.24M	$137.97M

FAUG vs. GRID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FAUG FT Cboe Vest U.S. Equity Buffer ETF - August	7.82%	13.77%	14.55%	17.24%	-10.52%	11.54%	12.43%	2.03%
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	17.75%	29.65%	15.18%	21.57%	-13.89%	27.65%	48.84%	4.25%

Correlation

The correlation between FAUG and GRID is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.76
Correlation (3Y) Balances recent behavior with more history.	0.78
Correlation (5Y) Shows whether the relationship held over a longer period.	0.81
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019	0.80

The correlation between FAUG and GRID has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.

FAUG vs. GRID - Sectors Allocation Comparison

Sectors	FAUG	GRID
Technology	38.5%	12.6%
Financial Services	11.6%	-
Communication Services	9.9%	-
Consumer Cyclical	9.5%	2.4%
Healthcare	8.9%	-
Industrials	8.4%	23.6%
Consumer Defensive	4.5%	-
Energy	3.0%	1.6%
Utilities	2.2%	3.9%
Real Estate	1.8%	-
Basic Materials	1.7%	0.8%

Return for Risk

FAUG vs. GRID — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FAUG

FAUG Risk / Return Rank: 85
FAUG Sharpe Ratio Rank: 85
FAUG Sortino Ratio Rank: 85
FAUG Omega Ratio Rank: 87
FAUG Calmar Ratio Rank: 77
FAUG Martin Ratio Rank: 89

GRID

GRID Risk / Return Rank: 49
GRID Sharpe Ratio Rank: 48
GRID Sortino Ratio Rank: 47
GRID Omega Ratio Rank: 47
GRID Calmar Ratio Rank: 49
GRID Martin Ratio Rank: 53

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FAUG vs. GRID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Buffer ETF - August (FAUG) 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.

	FAUG	GRID	Difference
Sharpe ratio: Return per unit of total volatility	2.00	1.18	+0.81
Sortino ratio: Return per unit of downside risk	2.86	1.69	+1.17
Omega ratio: Gain probability vs. loss probability	1.39	1.22	+0.18
Calmar ratio: Return relative to maximum drawdown	2.72	1.73	+1.00
Martin ratio: Return relative to average drawdown	13.68	6.17	+7.51

FAUG vs. GRID - Sharpe Ratio Comparison

The current FAUG Sharpe Ratio is 2.00, which is higher than the GRID Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of FAUG 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

FAUG vs. GRID - Drawdown Comparison

The maximum FAUG drawdown since its inception was -22.33%, smaller than the maximum GRID drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for FAUG and GRID.

Drawdown Indicators

	FAUG	GRID	Difference
Max Drawdown Largest peak-to-trough decline	-22.33%	-40.56%	+18.23%
Max Drawdown (1Y) Largest decline over 1 year	-5.26%	-15.82%	+10.56%
Max Drawdown (3Y) Largest decline over 3 years	-12.81%	-20.62%	+7.81%
Max Drawdown (5Y) Largest decline over 5 years	-15.91%	-29.64%	+13.73%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.56%	—
Current Drawdown Current decline from peak	0.00%	-9.87%	+9.87%
Average Drawdown Average peak-to-trough decline	-2.77%	-8.42%	+5.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.05%	4.42%	-3.37%

Volatility

FAUG vs. GRID - Volatility Comparison

The current volatility for FT Cboe Vest U.S. Equity Buffer ETF - August (FAUG) is 1.49%, while First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a volatility of 8.92%. This indicates that FAUG 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

	FAUG	GRID	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.49%	8.92%	-7.43%
Volatility (6M) Calculated over the trailing 6-month period	5.51%	20.34%	-14.83%
Volatility (1Y) Calculated over the trailing 1-year period	7.16%	23.07%	-15.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.81%	21.71%	-10.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.63%	22.81%	-10.18%

FAUG vs. GRID - Expense Ratio Comparison

FAUG has a 0.85% expense ratio, which is higher than GRID's 0.70% expense ratio.

Dividends

FAUG vs. GRID - Dividend Comparison

FAUG 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
FAUG FT Cboe Vest U.S. Equity Buffer ETF - August	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 FAUG and GRID in my portfolio?

FAUG and GRID have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FAUG or GRID?

GRID has higher volatility (8.92%) compared to FAUG (1.49%). In terms of maximum drawdown, FAUG dropped -22.33% vs GRID's -40.56%.

Which ETF is better, FAUG or GRID?

On 5-year performance, GRID leads with 14.46% vs 9.04% for FAUG. On fees, GRID is cheaper at 0.70% per year. On volatility, FAUG has been the lower-risk option at 1.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FAUG or GRID?

Over the 5-year period, GRID has performed better with a 14.46% return vs 9.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FAUG or GRID?

GRID is cheaper with a 0.70% expense ratio, compared with 0.85% for FAUG.

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

GRID has the higher dividend yield at 0.80%, compared with 0.00% for FAUG.

What is the main difference between FAUG and GRID?

FAUG is categorized as Defined Outcome, while GRID is Infrastructure Equities. FAUG tracks Cboe S&P 500 Buffer Protect Index August, while GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index. Their fees differ too: 0.85% for FAUG and 0.70% for GRID.

Which has better risk-adjusted returns?

FAUG currently has the higher Sharpe Ratio (2.00 vs 1.18), 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.