GRID vs. AMEM.DE
GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) and AMEM.DE (Amundi MSCI Emerging Markets UCITS ETF EUR) are both exchange-traded funds - GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index, while AMEM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, GRID returned 18.45%/yr vs 8.72%/yr for AMEM.DE. A 0.53 correlation means they provide meaningful diversification when combined. GRID charges 0.70%/yr vs 0.20%/yr for AMEM.DE.
Performance
GRID vs. AMEM.DE - Performance Comparison
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Different Trading Currencies
GRID is traded in USD, while AMEM.DE is traded in EUR. To make them comparable, the AMEM.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 16.26% return, which is significantly lower than AMEM.DE's 17.24% return. Over the past 10 years, GRID has outperformed AMEM.DE with an annualized return of 18.45%, while AMEM.DE has yielded a comparatively lower 8.72% annualized return.
GRID
- 1D
- -0.43%
- 1M
- -8.67%
- 6M
- 11.72%
- YTD
- 16.26%
- 1Y
- 25.15%
- 3Y*
- 19.51%
- 5Y*
- 14.88%
- 10Y*
- 18.45%
- ALL TIME*
- 12.44%
AMEM.DE
- 1D
- 1.01%
- 1M
- -8.76%
- 6M
- 10.70%
- YTD
- 17.24%
- 1Y
- 32.75%
- 3Y*
- 19.90%
- 5Y*
- 6.93%
- 10Y*
- 8.72%
- ALL TIME*
- 4.81%
GRID vs. AMEM.DE - 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 | 16.26% | 29.65% | 15.18% | 21.57% | -13.89% | 27.65% | 48.84% | 42.80% | -22.69% | 27.44% |
AMEM.DE Amundi MSCI Emerging Markets UCITS ETF EUR | 17.24% | 34.59% | 7.19% | 8.68% | -18.57% | -4.24% | 16.83% | 18.68% | -15.19% | 37.50% |
Correlation
The correlation between GRID and AMEM.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2011 | 0.53 |
The correlation between GRID and AMEM.DE shifts across timeframes, from 0.53 (all time) to 0.68 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GRID vs. AMEM.DE — Risk / Return Rank
GRID
AMEM.DE
GRID vs. AMEM.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 Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.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 | AMEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.28 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 2.54 | -0.38 |
| Martin ratioReturn relative to average drawdown | 6.50 | 7.87 | -1.37 |
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Drawdowns
GRID vs. AMEM.DE - Drawdown Comparison
The maximum GRID drawdown since its inception was -40.56%, roughly equal to the maximum AMEM.DE drawdown of -39.90%. Use the drawdown chart below to compare losses from any high point for GRID and AMEM.DE.
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Drawdown Indicators
| GRID | AMEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -39.90% | -0.66% |
Max Drawdown (1Y)Largest decline over 1 year | -11.73% | -12.85% | +1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -20.62% | -18.08% | -2.54% |
Max Drawdown (5Y)Largest decline over 5 years | -29.64% | -34.67% | +5.03% |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | -39.90% | -0.66% |
Current DrawdownCurrent decline from peak | -11.01% | -10.08% | -0.93% |
Average DrawdownAverage peak-to-trough decline | -8.41% | -16.00% | +7.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 4.15% | -0.27% |
Volatility
GRID vs. AMEM.DE - Volatility Comparison
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) and Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.DE) have volatilities of 8.76% and 8.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRID | AMEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.76% | 8.86% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 19.36% | 19.18% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.09% | 21.46% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.51% | 19.22% | +2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.72% | 19.63% | +3.09% |
GRID vs. AMEM.DE - Expense Ratio Comparison
GRID has a 0.70% expense ratio, which is higher than AMEM.DE's 0.20% expense ratio.
Dividends
GRID vs. AMEM.DE - Dividend Comparison
GRID's dividend yield for the trailing twelve months is around 0.81%, while AMEM.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMEM.DE Amundi MSCI Emerging Markets UCITS ETF EUR | 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 | 0.81% | 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 AMEM.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMEM.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMEM.DE is cheaper with a 0.20% expense ratio, compared with 0.70% for GRID.
GRID is categorized as Alternative Energy Equities, while AMEM.DE is Emerging Markets Equities. GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index, while AMEM.DE tracks MSCI Emerging Markets. They also come from different issuers: First Trust and Amundi. Their fees differ too: 0.70% for GRID and 0.20% for AMEM.DE.
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