FSIG vs. GRID
FSIG (First Trust Limited Duration Investment Grade Corporate ETF) and GRID (First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index) are both exchange-traded funds - FSIG is a Short-Term Bond fund actively managed by First Trust, while GRID is a Alternative Energy Equities fund tracking the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index. FSIG is actively managed, while GRID is passively managed. Over the past 3 years, FSIG returned 5.12%/yr vs 26.27%/yr for GRID. At a 0.30 correlation, their price movements are largely independent. FSIG charges 0.55%/yr vs 0.70%/yr for GRID.
Performance
FSIG vs. GRID - Performance Comparison
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Returns By Period
In the year-to-date period, FSIG achieves a 0.38% return, which is significantly lower than GRID's 28.91% return.
FSIG
- 1D
- -0.11%
- 1M
- 0.23%
- YTD
- 0.38%
- 6M
- 0.81%
- 1Y
- 4.26%
- 3Y*
- 5.12%
- 5Y*
- —
- 10Y*
- —
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%
FSIG vs. GRID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FSIG First Trust Limited Duration Investment Grade Corporate ETF | 0.38% | 6.66% | 4.22% | 6.22% | -4.37% | 0.02% |
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index | 28.91% | 29.65% | 15.18% | 21.57% | -13.89% | -2.53% |
Correlation
The correlation between FSIG and GRID is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2021 | 0.30 |
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Return for Risk
FSIG vs. GRID — Risk / Return Rank
FSIG
GRID
FSIG vs. GRID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Limited Duration Investment Grade Corporate ETF (FSIG) 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.
| FSIG | GRID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.45 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 4.42 | -1.66 |
| Martin ratioReturn relative to average drawdown | 11.44 | 16.72 | -5.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSIG | GRID | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 2.67 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.85 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.57 | +0.38 |
Drawdowns
FSIG vs. GRID - Drawdown Comparison
The maximum FSIG drawdown since its inception was -6.88%, smaller than the maximum GRID drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for FSIG and GRID.
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Drawdown Indicators
| FSIG | GRID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.88% | -40.56% | +33.68% |
Max Drawdown (1Y)Largest decline over 1 year | -1.55% | -11.73% | +10.18% |
Max Drawdown (3Y)Largest decline over 3 years | -1.55% | -20.77% | +19.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.56% | — |
Current DrawdownCurrent decline from peak | -0.32% | -1.33% | +1.01% |
Average DrawdownAverage peak-to-trough decline | -1.67% | -8.43% | +6.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 3.09% | -2.72% |
Volatility
FSIG vs. GRID - Volatility Comparison
The current volatility for First Trust Limited Duration Investment Grade Corporate ETF (FSIG) is 0.83%, while First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) has a volatility of 7.95%. This indicates that FSIG 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.
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Volatility by Period
| FSIG | GRID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 7.95% | -7.12% |
Volatility (6M)Calculated over the trailing 6-month period | 1.81% | 16.08% | -14.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.26% | 19.39% | -17.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.96% | 21.00% | -18.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.96% | 22.81% | -19.85% |
FSIG vs. GRID - Expense Ratio Comparison
FSIG has a 0.55% expense ratio, which is lower than GRID's 0.70% expense ratio.
Dividends
FSIG vs. GRID - Dividend Comparison
FSIG's dividend yield for the trailing twelve months is around 4.81%, more than GRID's 0.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSIG First Trust Limited Duration Investment Grade Corporate ETF | 4.81% | 4.73% | 4.61% | 4.42% | 2.48% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
FSIG and GRID have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRID has higher volatility (7.95%) compared to FSIG (0.83%). In terms of maximum drawdown, FSIG dropped -6.88% vs GRID's -40.56%.
On 3-year performance, GRID leads with 26.27% vs 5.12% for FSIG. On fees, FSIG is cheaper at 0.55% per year. On volatility, FSIG has been the lower-risk option at 0.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GRID has performed better with a 26.27% return vs 5.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FSIG is cheaper with a 0.55% expense ratio, compared with 0.70% for GRID.
FSIG has the higher dividend yield at 4.81%, compared with 0.77% for GRID.
FSIG is categorized as Short-Term Bond, while GRID is Alternative Energy Equities. Their fees differ too: 0.55% for FSIG and 0.70% for GRID.
GRID currently has the higher Sharpe Ratio (2.67 vs 1.89), 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.
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