GRID vs. BKGI

Last updated Aug 4, 2026

GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) and BKGI (Bny Mellon Global Infrastructure Income ETF) are both Infrastructure Equities funds. GRID is passively managed, while BKGI is actively managed. Over the past 3 years, GRID returned 22.76%/yr vs 22.16%/yr for BKGI. Their 0.54 correlation means they have sometimes moved together and sometimes differently. GRID charges 0.70%/yr vs 0.65%/yr for BKGI.

Performance

GRID vs. BKGI - Performance Comparison

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

Returns By Period

In the year-to-date period, GRID achieves a 19.50% return, which is significantly higher than BKGI's 13.98% return.

GRID

• 1D: 1.49%
• 1M: -1.17%
• 6M: 10.03%
• YTD: 19.50%
• 1Y: 30.04%
• 3Y*: 22.76%
• 5Y*: 14.44%
• 10Y*: 18.61%
• ALL TIME*: 12.60%

BKGI

• 1D: -0.22%
• 1M: 1.32%
• 6M: 9.50%
• YTD: 13.98%
• 1Y: 19.81%
• 3Y*: 22.16%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.85%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BKGI Bny Mellon Global Infrastructure Income ETF	$18.35M	$14.92M	$11.64M
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	$102.61M	$99.71M	$138.67M

GRID vs. BKGI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	19.50%	29.65%	15.18%	21.57%	7.18%
BKGI Bny Mellon Global Infrastructure Income ETF	13.98%	37.53%	12.35%	9.72%	8.54%

Correlation

The correlation between GRID and BKGI is 0.42, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.42
Correlation (3Y) Balances recent behavior with more history.	0.50
Correlation (All Time) Calculated using the full available price history since Nov 3, 2022	0.54

The correlation between GRID and BKGI shifts across timeframes, from 0.42 (1 year) to 0.54 (all time), reflecting how their relationship changes across market environments.

GRID vs. BKGI - Sectors Allocation Comparison

Sectors	GRID	BKGI
Industrials	23.6%	11.5%
Technology	12.6%	-
Utilities	3.9%	46.0%
Consumer Cyclical	2.4%	-
Energy	1.6%	21.1%
Basic Materials	0.8%	-
Communication Services	-	2.5%
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	19.0%

Return for Risk

GRID vs. BKGI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GRID

GRID Risk / Return Rank: 53
GRID Sharpe Ratio Rank: 52
GRID Sortino Ratio Rank: 51
GRID Omega Ratio Rank: 51
GRID Calmar Ratio Rank: 52
GRID Martin Ratio Rank: 56

BKGI

BKGI Risk / Return Rank: 75
BKGI Sharpe Ratio Rank: 73
BKGI Sortino Ratio Rank: 72
BKGI Omega Ratio Rank: 72
BKGI Calmar Ratio Rank: 84
BKGI Martin Ratio Rank: 75

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GRID vs. BKGI - 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 Bny Mellon Global Infrastructure Income ETF (BKGI). 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	BKGI	Difference
Sharpe ratio: Return per unit of total volatility	1.31	1.72	-0.41
Sortino ratio: Return per unit of downside risk	1.83	2.41	-0.58
Omega ratio: Gain probability vs. loss probability	1.24	1.31	-0.07
Calmar ratio: Return relative to maximum drawdown	1.91	3.23	-1.32
Martin ratio: Return relative to average drawdown	6.77	9.62	-2.85

GRID vs. BKGI - Sharpe Ratio Comparison

The current GRID Sharpe Ratio is 1.31, which is comparable to the BKGI Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of GRID and BKGI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GRID vs. BKGI - Drawdown Comparison

The maximum GRID drawdown since its inception was -40.56%, which is greater than BKGI's maximum drawdown of -14.79%. Use the drawdown chart below to compare losses from any high point for GRID and BKGI.

Drawdown Indicators

	GRID	BKGI	Difference
Max Drawdown Largest peak-to-trough decline	-40.56%	-14.79%	-25.77%
Max Drawdown (1Y) Largest decline over 1 year	-15.82%	-6.16%	-9.66%
Max Drawdown (3Y) Largest decline over 3 years	-20.62%	-11.37%	-9.25%
Max Drawdown (5Y) Largest decline over 5 years	-29.64%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.56%	—	—
Current Drawdown Current decline from peak	-8.53%	-2.00%	-6.53%
Average Drawdown Average peak-to-trough decline	-8.42%	-2.54%	-5.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.45%	2.06%	+2.39%

Volatility

GRID vs. BKGI - Volatility Comparison

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a higher volatility of 8.94% compared to Bny Mellon Global Infrastructure Income ETF (BKGI) at 2.77%. This indicates that GRID's price experiences larger fluctuations and is considered to be riskier than BKGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GRID	BKGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.94%	2.77%	+6.17%
Volatility (6M) Calculated over the trailing 6-month period	20.34%	9.54%	+10.80%
Volatility (1Y) Calculated over the trailing 1-year period	23.13%	11.60%	+11.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.70%	13.94%	+7.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.83%	13.94%	+8.89%

GRID vs. BKGI - Expense Ratio Comparison

GRID has a 0.70% expense ratio, which is higher than BKGI's 0.65% expense ratio.

Dividends

GRID vs. BKGI - Dividend Comparison

GRID's dividend yield for the trailing twelve months is around 0.79%, less than BKGI's 2.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKGI Bny Mellon Global Infrastructure Income ETF	2.90%	2.65%	4.55%	4.55%	0.53%	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	0.79%	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

Can I hold both GRID and BKGI in my portfolio?

GRID and BKGI have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GRID or BKGI?

GRID has higher volatility (8.94%) compared to BKGI (2.77%). In terms of maximum drawdown, GRID dropped -40.56% vs BKGI's -14.79%.

Which ETF is better, GRID or BKGI?

On 3-year performance, GRID leads with 22.76% vs 22.16% for BKGI. On fees, BKGI is cheaper at 0.65% per year. On volatility, BKGI has been the lower-risk option at 2.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GRID or BKGI?

Over the 3-year period, GRID has performed better with a 22.76% return vs 22.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GRID or BKGI?

BKGI is cheaper with a 0.65% expense ratio, compared with 0.70% for GRID.

Which ETF pays a higher dividend yield, GRID or BKGI?

BKGI has the higher dividend yield at 2.90%, compared with 0.79% for GRID.

What is the main difference between GRID and BKGI?

They also come from different issuers: First Trust and BNY Mellon. Their fees differ too: 0.70% for GRID and 0.65% for BKGI.

Which has better risk-adjusted returns?

BKGI currently has the higher Sharpe Ratio (1.72 vs 1.31), 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.