GRID vs. 4COP.DE
GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) and 4COP.DE (Global X Copper Miners UCITS ETF USD Accumulating) are both exchange-traded funds - GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index, while 4COP.DE is a Copper fund tracking the Solactive Global Copper Miners v2 Index. Both are passively managed. Over the past 3 years, GRID returned 19.38%/yr vs 25.63%/yr for 4COP.DE. At a 0.47 correlation, their price movements are largely independent. GRID charges 0.70%/yr vs 0.55%/yr for 4COP.DE.
Performance
GRID vs. 4COP.DE - Performance Comparison
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Different Trading Currencies
GRID is traded in USD, while 4COP.DE is traded in EUR. To make them comparable, the 4COP.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GRID achieves a 16.76% return, which is significantly higher than 4COP.DE's 0.92% return.
GRID
- 1D
- 0.10%
- 1M
- -8.28%
- 6M
- 12.20%
- YTD
- 16.76%
- 1Y
- 25.70%
- 3Y*
- 19.38%
- 5Y*
- 15.54%
- 10Y*
- 18.48%
4COP.DE
- 1D
- -3.11%
- 1M
- -17.93%
- 6M
- -8.79%
- YTD
- 0.92%
- 1Y
- 71.73%
- 3Y*
- 25.63%
- 5Y*
- —
- 10Y*
- —
GRID vs. 4COP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 16.76% | 29.65% | 15.18% | 21.57% | -13.89% | -1.44% |
4COP.DE Global X Copper Miners UCITS ETF USD Accumulating | 0.92% | 96.04% | 3.10% | 8.25% | 0.87% | 2.38% |
Correlation
The correlation between GRID and 4COP.DE is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2021 | 0.47 |
The correlation between GRID and 4COP.DE has been stable across timeframes, ranging from 0.47 to 0.54 - a consistent structural relationship.
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Return for Risk
GRID vs. 4COP.DE — Risk / Return Rank
GRID
4COP.DE
GRID vs. 4COP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) and Global X Copper Miners UCITS ETF USD Accumulating (4COP.DE). 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.
| GRID | 4COP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.26 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.59 | -0.41 |
| Martin ratioReturn relative to average drawdown | 6.68 | 6.59 | +0.09 |
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Drawdowns
GRID vs. 4COP.DE - Drawdown Comparison
The maximum GRID drawdown since its inception was -40.56%, roughly equal to the maximum 4COP.DE drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for GRID and 4COP.DE.
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Drawdown Indicators
| GRID | 4COP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -42.24% | +1.68% |
Max Drawdown (1Y)Largest decline over 1 year | -11.73% | -27.70% | +15.97% |
Max Drawdown (3Y)Largest decline over 3 years | -20.62% | -38.63% | +18.01% |
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 | -10.63% | -23.77% | +13.14% |
Average DrawdownAverage peak-to-trough decline | -8.41% | -15.44% | +7.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 10.89% | -7.07% |
Volatility
GRID vs. 4COP.DE - Volatility Comparison
The current volatility for First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) is 8.77%, while Global X Copper Miners UCITS ETF USD Accumulating (4COP.DE) has a volatility of 13.22%. This indicates that GRID experiences smaller price fluctuations and is considered to be less risky than 4COP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRID | 4COP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.77% | 13.22% | -4.45% |
Volatility (6M)Calculated over the trailing 6-month period | 19.36% | 37.24% | -17.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.18% | 43.76% | -21.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.53% | 36.03% | -14.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.71% | 36.03% | -13.32% |
GRID vs. 4COP.DE - Expense Ratio Comparison
GRID has a 0.70% expense ratio, which is higher than 4COP.DE's 0.55% expense ratio.
Dividends
GRID vs. 4COP.DE - Dividend Comparison
GRID's dividend yield for the trailing twelve months is around 0.80%, while 4COP.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
4COP.DE Global X Copper Miners UCITS ETF USD Accumulating | 0.00% | 0.00% | 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
GRID and 4COP.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 4COP.DE is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
4COP.DE is cheaper with a 0.55% expense ratio, compared with 0.70% for GRID.
GRID is categorized as Alternative Energy Equities, while 4COP.DE is Copper. GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index, while 4COP.DE tracks Solactive Global Copper Miners v2 Index. They also come from different issuers: First Trust and Global X. Their fees differ too: 0.70% for GRID and 0.55% for 4COP.DE.
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