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FBT vs. GRID
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FBT vs. GRID

Last updated Apr 1, 2026

Compare and contrast key facts about First Trust Amex Biotechnology Index (FBT) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID).

FBT and GRID are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FBT is a passively managed fund by First Trust that tracks the performance of the NYSE Arca Biotechnology Index. It was launched on Jun 23, 2006. 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. Both FBT and GRID are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FBT vs. GRID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Amex Biotechnology Index (FBT) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID). The values are adjusted to include any dividend payments, if applicable.

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FBT vs. GRID - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FBT
First Trust Amex Biotechnology Index		-2.76%24.25%5.88%2.55%-4.83%-2.26%12.96%19.74%-0.30%37.07%
GRID
First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index		6.96%29.65%15.18%21.57%-13.89%27.65%48.84%42.80%-22.69%27.44%

Returns By Period

In the year-to-date period, FBT achieves a -2.76% return, which is significantly lower than GRID's 6.96% return. Over the past 10 years, FBT has underperformed GRID with an annualized return of 8.59%, while GRID has yielded a comparatively higher 18.08% annualized return.

FBT

1D
4.05%
1M
-3.77%
YTD
-2.76%
6M
12.01%
1Y
18.05%
3Y*
9.26%
5Y*
4.70%
10Y*
8.59%

GRID

1D
3.81%
1M
-7.97%
YTD
6.96%
6M
8.57%
1Y
46.12%
3Y*
20.12%
5Y*
14.69%
10Y*
18.08%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust Amex Biotechnology Index

First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index

Often compared with FBT:
FBT vs. XBIFBT vs. BBHFBT vs. IBBFBT vs. BBPFBT vs. FXHFBT vs. PBEFBT vs. HELX
Often compared with GRID:
GRID vs. ICLNGRID vs. NLRGRID vs. VOOGRID vs. FIWGRID vs. QCLNGRID vs. SPYGRID vs. QQQ

FBT vs. GRID - Expense Ratio Comparison

FBT has a 0.57% expense ratio, which is lower than GRID's 0.70% expense ratio.

GRID
First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index
FBT
First Trust Amex Biotechnology Index

Return for Risk

FBT vs. GRID — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FBT
FBT Risk / Return Rank: 4646
Overall Rank
FBT Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
FBT Sortino Ratio Rank: 4444
Sortino Ratio Rank
FBT Omega Ratio Rank: 3939
Omega Ratio Rank
FBT Calmar Ratio Rank: 6262
Calmar Ratio Rank
FBT Martin Ratio Rank: 4444
Martin Ratio Rank
GRID
GRID Risk / Return Rank: 9494
Overall Rank
GRID Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
GRID Sortino Ratio Rank: 9595
Sortino Ratio Rank
GRID Omega Ratio Rank: 9393
Omega Ratio Rank
GRID Calmar Ratio Rank: 9595
Calmar Ratio Rank
GRID Martin Ratio Rank: 9595
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.

FBT vs. GRID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Amex Biotechnology Index (FBT) 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.

FBTGRIDDifference

Sharpe ratio

Return per unit of total volatility

0.73

2.16

-1.43

Sortino ratio

Return per unit of downside risk

1.17

2.95

-1.77

Omega ratio

Gain probability vs. loss probability

1.15

1.41

-0.26

Calmar ratio

Return relative to maximum drawdown

1.52

3.82

-2.30

Martin ratio

Return relative to average drawdown

4.09

14.42

-10.33

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

FBT vs. GRID - Sharpe Ratio Comparison

The current FBT Sharpe Ratio is 0.73, which is lower than the GRID Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of FBT and GRID, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

FBTGRIDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.73

2.16

-1.43

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.22

0.71

-0.50

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.36

0.80

-0.44

Sharpe Ratio (All Time)

Calculated using the full available price history

0.50

0.52

-0.03

Correlation

The correlation between FBT and GRID is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FBT vs. GRID - Dividend Comparison

FBT has not paid dividends to shareholders, while GRID's dividend yield for the trailing twelve months is around 0.92%.

TTM20252024202320222021202020192018201720162015
FBT
First Trust Amex Biotechnology Index		0.00%0.00%0.71%0.00%0.00%1.37%0.00%0.00%0.00%0.00%0.00%0.12%
GRID
First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index		0.92%1.01%1.06%1.23%1.26%0.63%0.68%1.26%1.28%1.07%1.07%1.23%

Drawdowns

FBT vs. GRID - Drawdown Comparison

The maximum FBT drawdown since its inception was -40.51%, roughly equal to the maximum GRID drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for FBT and GRID.

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Drawdown Indicators

FBTGRIDDifference

Max Drawdown

Largest peak-to-trough decline

-40.51%

-40.56%

+0.05%

Max Drawdown (1Y)

Largest decline over 1 year

-14.26%

-11.73%

-2.53%

Max Drawdown (5Y)

Largest decline over 5 years

-29.05%

-29.64%

+0.59%

Max Drawdown (10Y)

Largest decline over 10 years

-32.37%

-40.56%

+8.19%

Current Drawdown

Current decline from peak

-9.48%

-8.37%

-1.11%

Average Drawdown

Average peak-to-trough decline

-11.22%

-8.50%

-2.72%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.33%

3.11%

+2.22%

Volatility

FBT vs. GRID - Volatility Comparison

First Trust Amex Biotechnology Index (FBT) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) have volatilities of 8.93% and 9.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FBTGRIDDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.93%

9.26%

-0.33%

Volatility (6M)

Calculated over the trailing 6-month period

15.57%

14.14%

+1.43%

Volatility (1Y)

Calculated over the trailing 1-year period

24.96%

21.44%

+3.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.72%

20.68%

+1.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.06%

22.74%

+1.32%