FXH vs. GRID
Compare and contrast key facts about First Trust Health Care AlphaDEX Fund (FXH) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID).
FXH and GRID are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FXH is a passively managed fund by First Trust that tracks the performance of the StrataQuant Health Care 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 FXH 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: FXH or GRID.
Key characteristics
| FXH | GRID | |
|---|---|---|
| YTD Return | 7.33% | 21.64% |
| 1Y Return | 19.72% | 43.64% |
| 3Y Return (Ann) | -2.72% | 7.73% |
| 5Y Return (Ann) | 7.26% | 20.43% |
| 10Y Return (Ann) | 6.75% | 15.25% |
| Sharpe Ratio | 1.45 | 2.51 |
| Sortino Ratio | 2.08 | 3.35 |
| Omega Ratio | 1.25 | 1.43 |
| Calmar Ratio | 0.65 | 2.48 |
| Martin Ratio | 6.29 | 14.94 |
| Ulcer Index | 2.96% | 2.89% |
| Daily Std Dev | 12.83% | 17.17% |
| Max Drawdown | -43.70% | -40.55% |
| Current Drawdown | -12.85% | -1.73% |
Correlation
The correlation between FXH and GRID is 0.57, 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
FXH vs. GRID - Performance Comparison
In the year-to-date period, FXH achieves a 7.33% return, which is significantly lower than GRID's 21.64% return. Over the past 10 years, FXH has underperformed GRID with an annualized return of 6.75%, while GRID has yielded a comparatively higher 15.25% 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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FXH vs. GRID - Expense Ratio Comparison
FXH has a 0.61% expense ratio, which is lower than GRID's 0.70% expense ratio.
Risk-Adjusted Performance
FXH vs. GRID - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Health Care AlphaDEX Fund (FXH) 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
FXH vs. GRID - Dividend Comparison
FXH's dividend yield for the trailing twelve months is around 0.43%, less than GRID's 1.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXH First Trust Health Care AlphaDEX Fund | 0.43% | 0.24% | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% |
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index | 1.07% | 1.23% | 1.26% | 0.63% | 0.68% | 1.26% | 1.28% | 1.07% | 1.07% | 1.23% | 1.45% | 1.35% |
Drawdowns
FXH vs. GRID - Drawdown Comparison
The maximum FXH drawdown since its inception was -43.70%, which is greater than GRID's maximum drawdown of -40.55%. Use the drawdown chart below to compare losses from any high point for FXH and GRID. For additional features, visit the drawdowns tool.
Volatility
FXH vs. GRID - Volatility Comparison
The current volatility for First Trust Health Care AlphaDEX Fund (FXH) is 3.43%, while First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) has a volatility of 4.54%. This indicates that FXH 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.