FIW vs. GRID
Compare and contrast key facts about First Trust Water ETF (FIW) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID).
FIW and GRID are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FIW is a passively managed fund by First Trust that tracks the performance of the ISE Clean Edge Water Index. It was launched on May 8, 2007. 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 FIW 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIW or GRID.
Key characteristics
| FIW | GRID | |
|---|---|---|
| YTD Return | 15.71% | 20.28% |
| 1Y Return | 33.37% | 39.28% |
| 3Y Return (Ann) | 5.90% | 7.43% |
| 5Y Return (Ann) | 14.70% | 20.77% |
| 10Y Return (Ann) | 13.31% | 15.26% |
| Sharpe Ratio | 2.14 | 2.28 |
| Sortino Ratio | 3.04 | 3.06 |
| Omega Ratio | 1.37 | 1.39 |
| Calmar Ratio | 2.78 | 2.51 |
| Martin Ratio | 11.50 | 13.63 |
| Ulcer Index | 2.90% | 2.89% |
| Daily Std Dev | 15.61% | 17.31% |
| Max Drawdown | -52.75% | -40.55% |
| Current Drawdown | -1.52% | -2.84% |
Correlation
The correlation between FIW and GRID is 0.70, 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.
Performance
FIW vs. GRID - Performance Comparison
In the year-to-date period, FIW achieves a 15.71% return, which is significantly lower than GRID's 20.28% return. Over the past 10 years, FIW has underperformed GRID with an annualized return of 13.31%, while GRID has yielded a comparatively higher 15.26% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FIW vs. GRID - Expense Ratio Comparison
FIW has a 0.54% expense ratio, which is lower than GRID's 0.70% expense ratio.
Risk-Adjusted Performance
FIW vs. GRID - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Water ETF (FIW) 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.
Dividends
FIW vs. GRID - Dividend Comparison
FIW's dividend yield for the trailing twelve months is around 0.59%, less than GRID's 1.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIW First Trust Water ETF | 0.59% | 0.68% | 0.67% | 0.37% | 0.56% | 0.55% | 0.73% | 1.13% | 0.51% | 0.76% | 0.75% | 0.63% |
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index | 1.08% | 1.23% | 1.26% | 0.63% | 0.68% | 1.26% | 1.28% | 1.07% | 1.07% | 1.23% | 1.45% | 1.35% |
Drawdowns
FIW vs. GRID - Drawdown Comparison
The maximum FIW drawdown since its inception was -52.75%, which is greater than GRID's maximum drawdown of -40.55%. Use the drawdown chart below to compare losses from any high point for FIW and GRID. For additional features, visit the drawdowns tool.
Volatility
FIW vs. GRID - Volatility Comparison
The current volatility for First Trust Water ETF (FIW) is 4.25%, while First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) has a volatility of 4.99%. This indicates that FIW 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.