FGM vs. GRID

Last updated Jun 4, 2026

FGM (First Trust Germany AlphaDEX Fund) and GRID (First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index) are both exchange-traded funds - FGM is a Europe Equities fund tracking the NASDAQ AlphaDEX Germany Index, while GRID is a Alternative Energy Equities fund tracking the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index. Both are passively managed. Over the past 10 years, FGM returned 8.09%/yr vs 19.76%/yr for GRID. A 0.59 correlation means they provide meaningful diversification when combined. FGM charges 0.80%/yr vs 0.70%/yr for GRID.

Performance

FGM vs. GRID - Performance Comparison

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

Returns By Period

In the year-to-date period, FGM achieves a 4.13% return, which is significantly lower than GRID's 28.91% return. Over the past 10 years, FGM has underperformed GRID with an annualized return of 8.09%, while GRID has yielded a comparatively higher 19.76% annualized return.

FGM

• 1D: -1.22%
• 1M: 2.88%
• YTD: 4.13%
• 6M: 9.75%
• 1Y: 19.41%
• 3Y*: 22.05%
• 5Y*: 4.19%
• 10Y*: 8.09%

GRID

• 1D: -0.17%
• 1M: 3.85%
• YTD: 28.91%
• 6M: 29.60%
• 1Y: 51.55%
• 3Y*: 26.27%
• 5Y*: 17.84%
• 10Y*: 19.76%

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

FGM vs. GRID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGM First Trust Germany AlphaDEX Fund	4.13%	63.60%	1.36%	13.28%	-30.46%	6.10%	17.26%	20.77%	-25.14%	44.28%
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index	28.91%	29.65%	15.18%	21.57%	-13.89%	27.65%	48.84%	42.80%	-22.69%	27.44%

Correlation

The correlation between FGM and GRID is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Feb 21, 2012	0.59

The correlation between FGM and GRID shifts across timeframes, from 0.59 (all time) to 0.72 (1 year), reflecting how their relationship changes across market environments.

FGM vs. GRID - Sectors Allocation Comparison

Sectors	FGM	GRID
Industrials	40.5%	65.2%
Consumer Cyclical	16.6%	3.5%
Real Estate	10.8%	-
Basic Materials	9.0%	0.0%
Financial Services	8.2%	-
Healthcare	6.4%	-
Communication Services	3.2%	-
Utilities	3.2%	20.4%
Consumer Defensive	2.2%	-
Energy	-	-
Technology	-	11.0%

Return for Risk

FGM vs. GRID — Risk / Return Rank

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

FGM

FGM Risk / Return Rank: 25
FGM Sharpe Ratio Rank: 26
FGM Sortino Ratio Rank: 26
FGM Omega Ratio Rank: 26
FGM Calmar Ratio Rank: 23
FGM Martin Ratio Rank: 26

GRID

GRID Risk / Return Rank: 79
GRID Sharpe Ratio Rank: 81
GRID Sortino Ratio Rank: 76
GRID Omega Ratio Rank: 74
GRID Calmar Ratio Rank: 82
GRID Martin Ratio Rank: 82

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.

FGM vs. GRID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Germany AlphaDEX Fund (FGM) 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.

	FGM	GRID	Difference
Sharpe ratio: Return per unit of total volatility	0.95	2.67	-1.72
Sortino ratio: Return per unit of downside risk	1.42	3.50	-2.08
Omega ratio: Gain probability vs. loss probability	1.18	1.45	-0.27
Calmar ratio: Return relative to maximum drawdown	1.10	4.42	-3.32
Martin ratio: Return relative to average drawdown	3.48	16.72	-13.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FGM vs. GRID - Sharpe Ratio Comparison

The current FGM Sharpe Ratio is 0.95, which is lower than the GRID Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of FGM 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.

Sharpe Ratios by Period

	FGM	GRID	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.95	2.67	-1.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	0.85	-0.68
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	0.87	-0.52
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.57	-0.23

Drawdowns

FGM vs. GRID - Drawdown Comparison

The maximum FGM drawdown since its inception was -51.58%, which is greater than GRID's maximum drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for FGM and GRID.

Drawdown Indicators

	FGM	GRID	Difference
Max Drawdown Largest peak-to-trough decline	-51.58%	-40.56%	-11.02%
Max Drawdown (1Y) Largest decline over 1 year	-17.76%	-11.73%	-6.03%
Max Drawdown (3Y) Largest decline over 3 years	-17.93%	-20.77%	+2.84%
Max Drawdown (5Y) Largest decline over 5 years	-51.07%	-29.64%	-21.43%
Max Drawdown (10Y) Largest decline over 10 years	-51.58%	-40.56%	-11.02%
Current Drawdown Current decline from peak	-7.43%	-1.33%	-6.10%
Average Drawdown Average peak-to-trough decline	-14.74%	-8.43%	-6.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.59%	3.09%	+2.50%

Volatility

FGM vs. GRID - Volatility Comparison

The current volatility for First Trust Germany AlphaDEX Fund (FGM) is 7.14%, while First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) has a volatility of 7.95%. This indicates that FGM 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

	FGM	GRID	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.14%	7.95%	-0.81%
Volatility (6M) Calculated over the trailing 6-month period	17.09%	16.08%	+1.01%
Volatility (1Y) Calculated over the trailing 1-year period	20.51%	19.39%	+1.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.48%	21.00%	+3.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.11%	22.81%	+0.30%

FGM vs. GRID - Expense Ratio Comparison

FGM has a 0.80% expense ratio, which is higher than GRID's 0.70% expense ratio.

Dividends

FGM vs. GRID - Dividend Comparison

FGM's dividend yield for the trailing twelve months is around 0.64%, less than GRID's 0.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGM First Trust Germany AlphaDEX Fund	0.64%	0.66%	2.56%	2.82%	5.44%	1.43%	1.33%	2.30%	2.18%	2.11%	1.33%	1.13%
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index	0.77%	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 FGM and GRID in my portfolio?

FGM and GRID have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGM or GRID?

GRID has higher volatility (7.95%) compared to FGM (7.14%). In terms of maximum drawdown, FGM dropped -51.58% vs GRID's -40.56%.

Which ETF is better, FGM or GRID?

On 10-year performance, GRID leads with 19.76% vs 8.09% for FGM. On fees, GRID is cheaper at 0.70% per year. On volatility, FGM has been the lower-risk option at 7.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FGM or GRID?

Over the 10-year period, GRID has performed better with a 19.76% return vs 8.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FGM or GRID?

GRID is cheaper with a 0.70% expense ratio, compared with 0.80% for FGM.

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

GRID has the higher dividend yield at 0.77%, compared with 0.64% for FGM.

What is the main difference between FGM and GRID?

FGM is categorized as Europe Equities, while GRID is Alternative Energy Equities. FGM tracks NASDAQ AlphaDEX Germany Index, while GRID tracks NASDAQ OMX Clean Edge Smart Grid Infrastructure Index. Their fees differ too: 0.80% for FGM and 0.70% for GRID.

Which has better risk-adjusted returns?

GRID currently has the higher Sharpe Ratio (2.67 vs 0.95), 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.