FTXH vs. GRID

Last updated Jun 5, 2026

FTXH (First Trust Nasdaq Pharmaceuticals ETF) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - FTXH is a Health & Biotech Equities fund tracking the Nasdaq U.S. Smart Pharmaceuticals Index, while GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. Both are passively managed. Over the past 5 years, FTXH returned 8.33%/yr vs 17.83%/yr for GRID. At a 0.44 correlation, their price movements are largely independent. FTXH charges 0.60%/yr vs 0.70%/yr for GRID.

Performance

FTXH vs. GRID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Nasdaq Pharmaceuticals ETF (FTXH) 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, FTXH achieves a 7.62% return, which is significantly lower than GRID's 28.82% return.

FTXH

• 1D: 2.50%
• 1M: 3.66%
• YTD: 7.62%
• 6M: 9.20%
• 1Y: 39.54%
• 3Y*: 12.33%
• 5Y*: 8.33%
• 10Y*: —

GRID

• 1D: -0.07%
• 1M: 1.81%
• YTD: 28.82%
• 6M: 28.40%
• 1Y: 50.60%
• 3Y*: 26.57%
• 5Y*: 17.83%
• 10Y*: 19.50%

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

FTXH vs. GRID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTXH First Trust Nasdaq Pharmaceuticals ETF	7.62%	24.15%	2.98%	-1.41%	2.55%	6.14%	11.73%	22.13%	-9.51%	19.44%
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	28.82%	29.65%	15.18%	21.57%	-13.89%	27.65%	48.84%	42.80%	-22.69%	27.44%

Correlation

The correlation between FTXH and GRID is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Sep 23, 2016	0.44

The correlation between FTXH and GRID shifts across timeframes, from 0.31 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.

FTXH vs. GRID - Sectors Allocation Comparison

Sectors	FTXH	GRID
Healthcare	100.0%	-
Basic Materials	-	0.0%
Communication Services	-	-
Consumer Cyclical	-	3.5%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Industrials	-	65.2%
Real Estate	-	-
Technology	-	11.0%
Utilities	-	20.4%

Return for Risk

FTXH vs. GRID — Risk / Return Rank

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

FTXH

FTXH Risk / Return Rank: 77
FTXH Sharpe Ratio Rank: 72
FTXH Sortino Ratio Rank: 77
FTXH Omega Ratio Rank: 67
FTXH Calmar Ratio Rank: 89
FTXH Martin Ratio Rank: 80

GRID

GRID Risk / Return Rank: 80
GRID Sharpe Ratio Rank: 82
GRID Sortino Ratio Rank: 78
GRID Omega Ratio Rank: 76
GRID Calmar Ratio Rank: 83
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.

FTXH vs. GRID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Pharmaceuticals ETF (FTXH) 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.

	FTXH	GRID	Difference
Sharpe ratio: Return per unit of total volatility	2.32	2.62	-0.31
Sortino ratio: Return per unit of downside risk	3.40	3.45	-0.05
Omega ratio: Gain probability vs. loss probability	1.39	1.44	-0.05
Calmar ratio: Return relative to maximum drawdown	5.32	4.34	+0.98
Martin ratio: Return relative to average drawdown	15.35	16.40	-1.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTXH vs. GRID - Sharpe Ratio Comparison

The current FTXH Sharpe Ratio is 2.32, which is comparable to the GRID Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of FTXH 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

	FTXH	GRID	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	2.62	-0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.85	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.57	-0.18

Drawdowns

FTXH vs. GRID - Drawdown Comparison

The maximum FTXH drawdown since its inception was -32.11%, smaller than the maximum GRID drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for FTXH and GRID.

Drawdown Indicators

	FTXH	GRID	Difference
Max Drawdown Largest peak-to-trough decline	-32.11%	-40.56%	+8.45%
Max Drawdown (1Y) Largest decline over 1 year	-7.47%	-11.73%	+4.26%
Max Drawdown (3Y) Largest decline over 3 years	-19.51%	-20.77%	+1.26%
Max Drawdown (5Y) Largest decline over 5 years	-19.51%	-29.64%	+10.13%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.56%	—
Current Drawdown Current decline from peak	-0.45%	-1.40%	+0.95%
Average Drawdown Average peak-to-trough decline	-5.84%	-8.43%	+2.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	3.09%	-0.51%

Volatility

FTXH vs. GRID - Volatility Comparison

The current volatility for First Trust Nasdaq Pharmaceuticals ETF (FTXH) is 5.38%, while First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a volatility of 7.75%. This indicates that FTXH 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

	FTXH	GRID	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.38%	7.75%	-2.37%
Volatility (6M) Calculated over the trailing 6-month period	11.96%	16.08%	-4.12%
Volatility (1Y) Calculated over the trailing 1-year period	17.14%	19.38%	-2.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.34%	21.00%	-4.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.43%	22.80%	-4.37%

FTXH vs. GRID - Expense Ratio Comparison

FTXH has a 0.60% expense ratio, which is lower than GRID's 0.70% expense ratio.

Dividends

FTXH vs. GRID - Dividend Comparison

FTXH's dividend yield for the trailing twelve months is around 1.19%, more than GRID's 0.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTXH First Trust Nasdaq Pharmaceuticals ETF	1.19%	1.41%	1.66%	1.55%	1.11%	1.03%	0.82%	0.67%	0.91%	2.18%	0.19%	0.00%
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	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 FTXH and GRID in my portfolio?

FTXH and GRID have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTXH or GRID?

GRID has higher volatility (7.75%) compared to FTXH (5.38%). In terms of maximum drawdown, FTXH dropped -32.11% vs GRID's -40.56%.

Which ETF is better, FTXH or GRID?

On 5-year performance, GRID leads with 17.83% vs 8.33% for FTXH. On fees, FTXH is cheaper at 0.60% per year. On volatility, FTXH has been the lower-risk option at 5.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTXH or GRID?

Over the 5-year period, GRID has performed better with a 17.83% return vs 8.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTXH or GRID?

FTXH is cheaper with a 0.60% expense ratio, compared with 0.70% for GRID.

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

FTXH has the higher dividend yield at 1.19%, compared with 0.77% for GRID.

What is the main difference between FTXH and GRID?

FTXH is categorized as Health & Biotech Equities, while GRID is Alternative Energy Equities. FTXH tracks Nasdaq U.S. Smart Pharmaceuticals Index, while GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index. Their fees differ too: 0.60% for FTXH and 0.70% for GRID.

Which has better risk-adjusted returns?

GRID currently has the higher Sharpe Ratio (2.62 vs 2.32), 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.