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FTXN vs. GRID
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FTXN vs. GRID

Last updated Jun 26, 2026

FTXN (First Trust Nasdaq Oil & Gas ETF) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - FTXN is a Energy Equities fund tracking the Nasdaq U.S. Smart Oil & Gas 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, FTXN returned 15.47%/yr vs 16.82%/yr for GRID. At a 0.39 correlation, their price movements are largely independent. FTXN charges 0.60%/yr vs 0.70%/yr for GRID.

Performance

FTXN vs. GRID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Nasdaq Oil & Gas ETF (FTXN) and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FTXN achieves a 22.46% return, which is significantly lower than GRID's 24.91% return.

FTXN

1D
1.04%
1M
-6.30%
YTD
22.46%
6M
23.65%
1Y
27.86%
3Y*
12.79%
5Y*
15.47%
10Y*
—

GRID

1D
1.52%
1M
-3.05%
YTD
24.91%
6M
23.50%
1Y
41.98%
3Y*
24.52%
5Y*
16.82%
10Y*
20.66%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FTXN vs. GRID - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FTXN
First Trust Nasdaq Oil & Gas ETF		22.46%-0.17%4.06%4.91%47.45%69.21%-28.10%3.20%-20.99%-2.29%
GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund		24.91%29.65%15.18%21.57%-13.89%27.65%48.84%42.80%-22.69%27.44%

Correlation

The correlation between FTXN and GRID is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.06

Correlation (3Y)
Calculated over the trailing 3-year period

0.19

Correlation (5Y)
Calculated over the trailing 5-year period

0.31

Correlation (All Time)
Calculated using the full available price history since Sep 23, 2016

0.39

The correlation between FTXN and GRID shifts across timeframes, from -0.06 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.

FTXN vs. GRID - Sectors Allocation Comparison

Sectors
FTXN
GRID

Energy

100.0%
1.6%

Basic Materials

-

0.0%

Communication Services

-

-

Consumer Cyclical

-

2.3%

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

24.2%

Real Estate

-

-

Technology

-

12.5%

Utilities

-

3.9%

Energy

FTXN
100.0%
GRID
1.6%

Basic Materials

FTXN

-

GRID
0.0%

Communication Services

FTXN

-

GRID

-

Consumer Cyclical

FTXN

-

GRID
2.3%

Consumer Defensive

FTXN

-

GRID

-

Financial Services

FTXN

-

GRID

-

Healthcare

FTXN

-

GRID

-

Industrials

FTXN

-

GRID
24.2%

Real Estate

FTXN

-

GRID

-

Technology

FTXN

-

GRID
12.5%

Utilities

FTXN

-

GRID
3.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust Nasdaq Oil & Gas ETF

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

Often compared with FTXN:
FTXN vs. QQQMFTXN vs. XLEFTXN vs. VDEFTXN vs. VTIFTXN vs. PXEFTXN vs. FSPGXFTXN vs. IEO
Often compared with GRID:
GRID vs. ICLNGRID vs. NLRGRID vs. VOOGRID vs. POWRGRID vs. VOLTGRID vs. FIWGRID vs. PAVE

Return for Risk

FTXN vs. GRID — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FTXN
FTXN Risk / Return Rank: 3636
Overall Rank
FTXN Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
FTXN Sortino Ratio Rank: 3535
Sortino Ratio Rank
FTXN Omega Ratio Rank: 3232
Omega Ratio Rank
FTXN Calmar Ratio Rank: 4040
Calmar Ratio Rank
FTXN Martin Ratio Rank: 3636
Martin Ratio Rank
GRID
GRID Risk / Return Rank: 7272
Overall Rank
GRID Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
GRID Sortino Ratio Rank: 6666
Sortino Ratio Rank
GRID Omega Ratio Rank: 6868
Omega Ratio Rank
GRID Calmar Ratio Rank: 8080
Calmar Ratio Rank
GRID Martin Ratio Rank: 7777
Martin Ratio Rank
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.

FTXN vs. GRID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Oil & Gas ETF (FTXN) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

FTXNGRIDDifference
Sharpe ratioReturn per unit of total volatility
1.21
1.99

-0.78

Sortino ratioReturn per unit of downside risk
1.67
2.61

-0.93

Omega ratioGain probability vs. loss probability

1.20

1.35

-0.15

Calmar ratioReturn relative to maximum drawdown

1.78

3.60

-1.82

Martin ratioReturn relative to average drawdown

4.97

12.67

-7.70

FTXN vs. GRID - Sharpe Ratio Comparison

The current FTXN Sharpe Ratio is 1.21, which is lower than the GRID Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of FTXN 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.

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Drawdowns

FTXN vs. GRID - Drawdown Comparison

The maximum FTXN drawdown since its inception was -73.49%, which is greater than GRID's maximum drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for FTXN and GRID.

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Drawdown Indicators

FTXNGRIDDifference

Max Drawdown

Largest peak-to-trough decline

-73.49%

-40.56%

-32.93%

Max Drawdown (1Y)

Largest decline over 1 year

-15.74%

-11.73%

-4.01%

Max Drawdown (3Y)

Largest decline over 3 years

-26.96%

-20.77%

-6.19%

Max Drawdown (5Y)

Largest decline over 5 years

-29.97%

-29.64%

-0.33%

Max Drawdown (10Y)

Largest decline over 10 years

—

-40.56%

—

Current Drawdown

Current decline from peak

-14.53%

-4.40%

-10.13%

Average Drawdown

Average peak-to-trough decline

-19.18%

-8.41%

-10.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.62%

3.32%

+2.30%

Volatility

FTXN vs. GRID - Volatility Comparison

The current volatility for First Trust Nasdaq Oil & Gas ETF (FTXN) is 7.68%, while First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a volatility of 9.91%. This indicates that FTXN 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

FTXNGRIDDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.68%

9.91%

-2.23%

Volatility (6M)

Calculated over the trailing 6-month period

18.26%

18.26%

0.00%

Volatility (1Y)

Calculated over the trailing 1-year period

23.24%

21.22%

+2.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.67%

21.37%

+8.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.77%

22.79%

+8.98%

FTXN vs. GRID - Expense Ratio Comparison

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

Dividends

FTXN vs. GRID - Dividend Comparison

FTXN's dividend yield for the trailing twelve months is around 2.56%, more than GRID's 1.19% yield.

PositionTTM20252024202320222021202020192018201720162015
FTXN
First Trust Nasdaq Oil & Gas ETF		2.56%2.83%2.51%3.41%2.26%1.04%1.76%2.72%2.16%1.78%0.20%0.00%
GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund		1.19%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

FTXN and GRID have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GRID has higher volatility (9.91%) compared to FTXN (7.68%). In terms of maximum drawdown, FTXN dropped -73.49% vs GRID's -40.56%.

On 5-year performance, GRID leads with 16.82% vs 15.47% for FTXN. On fees, FTXN is cheaper at 0.60% per year. On volatility, FTXN has been the lower-risk option at 7.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, GRID has performed better with a 16.82% return vs 15.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

FTXN has the higher dividend yield at 2.56%, compared with 1.19% for GRID.

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

GRID currently has the higher Sharpe Ratio (1.99 vs 1.21), 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.

Portfolio Optimizer

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