GRID vs. ABBV
GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) is Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index, while ABBV (AbbVie Inc.) is a stock. Over the past 10 years, GRID returned 19.76%/yr vs 19.10%/yr for ABBV. At a 0.23 correlation, their price movements are largely independent.
Performance
GRID vs. ABBV - Performance Comparison
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Returns By Period
In the year-to-date period, GRID achieves a 23.59% return, which is significantly higher than ABBV's 1.30% return. Both investments have delivered pretty close results over the past 10 years, with GRID having a 19.76% annualized return and ABBV not far behind at 19.10%.
GRID
- 1D
- -0.18%
- 1M
- -4.22%
- YTD
- 23.59%
- 6M
- 24.02%
- 1Y
- 43.17%
- 3Y*
- 23.21%
- 5Y*
- 16.83%
- 10Y*
- 19.76%
ABBV
- 1D
- 1.32%
- 1M
- 8.24%
- YTD
- 1.30%
- 6M
- 3.65%
- 1Y
- 23.06%
- 3Y*
- 22.39%
- 5Y*
- 18.94%
- 10Y*
- 19.10%
GRID vs. ABBV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 23.59% | 29.65% | 15.18% | 21.57% | -13.89% | 27.65% | 48.84% | 42.80% | -22.69% | 27.44% |
ABBV AbbVie Inc. | 1.30% | 33.08% | 18.86% | -0.23% | 24.01% | 32.43% | 27.72% | 1.47% | -0.96% | 60.07% |
Correlation
The correlation between GRID and ABBV is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.23 |
Over the past year, the correlation between GRID and ABBV has dropped to 0.00 - well below their long-term average of 0.23, suggesting their price drivers have been diverging.
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Return for Risk
GRID vs. ABBV — Risk / Return Rank
GRID
ABBV
GRID vs. ABBV - 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 AbbVie Inc. (ABBV). 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 | ABBV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.18 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 1.29 | +2.29 |
| Martin ratioReturn relative to average drawdown | 12.89 | 2.88 | +10.01 |
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Drawdowns
GRID vs. ABBV - Drawdown Comparison
The maximum GRID drawdown since its inception was -40.56%, smaller than the maximum ABBV drawdown of -45.09%. Use the drawdown chart below to compare losses from any high point for GRID and ABBV.
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Drawdown Indicators
| GRID | ABBV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -45.09% | +4.53% |
Max Drawdown (1Y)Largest decline over 1 year | -11.73% | -17.32% | +5.59% |
Max Drawdown (3Y)Largest decline over 3 years | -20.77% | -20.74% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -29.64% | -21.92% | -7.72% |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | -45.09% | +4.53% |
Current DrawdownCurrent decline from peak | -5.40% | -4.60% | -0.80% |
Average DrawdownAverage peak-to-trough decline | -8.42% | -10.71% | +2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 7.75% | -4.50% |
Volatility
GRID vs. ABBV - Volatility Comparison
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a higher volatility of 9.56% compared to AbbVie Inc. (ABBV) at 6.10%. This indicates that GRID's price experiences larger fluctuations and is considered to be riskier than ABBV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRID | ABBV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.56% | 6.10% | +3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 17.70% | 17.85% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.73% | 24.31% | -3.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.24% | 22.89% | -1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.90% | 25.73% | -2.83% |
Dividends
GRID vs. ABBV - Dividend Comparison
GRID's dividend yield for the trailing twelve months is around 0.80%, less than ABBV's 2.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABBV AbbVie Inc. | 2.96% | 2.87% | 3.49% | 3.82% | 3.49% | 3.84% | 4.41% | 4.83% | 3.89% | 2.65% | 3.64% | 3.41% |
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 ABBV have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRID has higher volatility (9.56%) compared to ABBV (6.10%). In terms of maximum drawdown, GRID dropped -40.56% vs ABBV's -45.09%.
GRID currently has the higher Sharpe Ratio (2.02 vs 0.92), 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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