FMTL vs. GRID

Last updated Jun 6, 2026

FMTL (First Trust Indxx Critical Metals ETF) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - FMTL is a Commodity Producers Equities fund tracking the Indxx Global Critical Metals Index, while GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. Both are passively managed. A 0.73 correlation means they provide meaningful diversification when combined. FMTL charges 0.65%/yr vs 0.70%/yr for GRID.

Performance

FMTL vs. GRID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Indxx Critical Metals ETF (FMTL) 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, FMTL achieves a 19.55% return, which is significantly lower than GRID's 22.65% return.

FMTL

• 1D: -7.48%
• 1M: -6.16%
• YTD: 19.55%
• 6M: 28.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GRID

• 1D: -4.79%
• 1M: -5.14%
• YTD: 22.65%
• 6M: 22.49%
• 1Y: 44.27%
• 3Y*: 24.27%
• 5Y*: 16.67%
• 10Y*: 19.01%

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

FMTL vs. GRID - Yearly Performance Comparison

	2026 (YTD)	2025
FMTL First Trust Indxx Critical Metals ETF	19.55%	21.20%
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	22.65%	-2.43%

Correlation

The correlation between FMTL and GRID is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 6, 2025	0.73

Return for Risk

FMTL vs. GRID — Risk / Return Rank

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

GRID

GRID Risk / Return Rank: 70
GRID Sharpe Ratio Rank: 70
GRID Sortino Ratio Rank: 64
GRID Omega Ratio Rank: 65
GRID Calmar Ratio Rank: 76
GRID Martin Ratio Rank: 76

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.

FMTL vs. GRID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Critical Metals ETF (FMTL) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FMTL	GRID	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.23	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.79	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.25	0.56	+1.70

Drawdowns

FMTL vs. GRID - Drawdown Comparison

The maximum FMTL drawdown since its inception was -22.44%, smaller than the maximum GRID drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for FMTL and GRID.

Drawdown Indicators

	FMTL	GRID	Difference
Max Drawdown Largest peak-to-trough decline	-22.44%	-40.56%	+18.12%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.73%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-20.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.64%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-40.56%	—
Current Drawdown Current decline from peak	-10.37%	-6.13%	-4.24%
Average Drawdown Average peak-to-trough decline	-5.09%	-8.43%	+3.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.12%	—

Volatility

Volatility by Period

	FMTL	GRID	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	40.29%	20.00%	+20.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.29%	21.10%	+19.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.29%	22.85%	+17.44%

FMTL vs. GRID - Expense Ratio Comparison

FMTL has a 0.65% expense ratio, which is lower than GRID's 0.70% expense ratio.

Dividends

FMTL vs. GRID - Dividend Comparison

FMTL's dividend yield for the trailing twelve months is around 0.05%, less than GRID's 0.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMTL First Trust Indxx Critical Metals ETF	0.05%	0.06%	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 FMTL and GRID in my portfolio?

FMTL and GRID have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FMTL or GRID?

On fees, FMTL is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FMTL or GRID?

FMTL is cheaper with a 0.65% expense ratio, compared with 0.70% for GRID.

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

GRID has the higher dividend yield at 0.80%, compared with 0.05% for FMTL.

What is the main difference between FMTL and GRID?

FMTL is categorized as Commodity Producers Equities, while GRID is Alternative Energy Equities. FMTL tracks Indxx Global Critical Metals Index, while GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index. Their fees differ too: 0.65% for FMTL and 0.70% for GRID.