GRID vs. BND
GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. Over the past 10 years, GRID returned 19.34%/yr vs 1.53%/yr for BND. At a correlation of -0.04, they often move in opposite directions. GRID charges 0.70%/yr vs 0.03%/yr for BND.
Performance
GRID vs. BND - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GRID achieves a 23.80% return, which is significantly higher than BND's -0.07% return. Over the past 10 years, GRID has outperformed BND with an annualized return of 19.34%, while BND has yielded a comparatively lower 1.53% annualized return.
GRID
- 1D
- 0.94%
- 1M
- -4.01%
- YTD
- 23.80%
- 6M
- 23.19%
- 1Y
- 44.25%
- 3Y*
- 24.20%
- 5Y*
- 16.92%
- 10Y*
- 19.34%
BND
- 1D
- -0.03%
- 1M
- -0.67%
- YTD
- -0.07%
- 6M
- 0.23%
- 1Y
- 4.87%
- 3Y*
- 3.89%
- 5Y*
- -0.05%
- 10Y*
- 1.53%
GRID vs. BND - 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 | 23.80% | 29.65% | 15.18% | 21.57% | -13.89% | 27.65% | 48.84% | 42.80% | -22.69% | 27.44% |
BND Vanguard Total Bond Market ETF | -0.07% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Correlation
The correlation between GRID and BND is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2009 | -0.04 |
The correlation between GRID and BND shifts across timeframes, from -0.04 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GRID vs. BND — Risk / Return Rank
GRID
BND
GRID vs. BND - 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 Vanguard Total Bond Market ETF (BND). 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.
| GRID | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.23 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 1.83 | +1.96 |
| Martin ratioReturn relative to average drawdown | 14.15 | 5.43 | +8.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| GRID | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | 1.32 | +0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | -0.01 | +0.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.28 | +0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.58 | -0.02 |
Drawdowns
GRID vs. BND - Drawdown Comparison
The maximum GRID drawdown since its inception was -40.56%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for GRID and BND.
Loading charts...
Drawdown Indicators
| GRID | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -18.58% | -21.98% |
Max Drawdown (1Y)Largest decline over 1 year | -11.73% | -2.68% | -9.05% |
Max Drawdown (3Y)Largest decline over 3 years | -20.77% | -5.92% | -14.85% |
Max Drawdown (5Y)Largest decline over 5 years | -29.64% | -17.91% | -11.73% |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | -18.58% | -21.98% |
Current DrawdownCurrent decline from peak | -5.25% | -2.70% | -2.55% |
Average DrawdownAverage peak-to-trough decline | -8.43% | -3.06% | -5.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 0.90% | +2.24% |
Volatility
GRID vs. BND - Volatility Comparison
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a higher volatility of 8.65% compared to Vanguard Total Bond Market ETF (BND) at 1.20%. This indicates that GRID's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GRID | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.65% | 1.20% | +7.45% |
Volatility (6M)Calculated over the trailing 6-month period | 16.87% | 2.69% | +14.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.03% | 3.72% | +16.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.11% | 6.02% | +15.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.86% | 5.53% | +17.33% |
GRID vs. BND - Expense Ratio Comparison
GRID has a 0.70% expense ratio, which is higher than BND's 0.03% expense ratio.
Dividends
GRID vs. BND - Dividend Comparison
GRID's dividend yield for the trailing twelve months is around 0.80%, less than BND's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.98% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
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 BND have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRID has higher volatility (8.65%) compared to BND (1.20%). In terms of maximum drawdown, GRID dropped -40.56% vs BND's -18.58%.
On 10-year performance, GRID leads with 19.34% vs 1.53% for BND. On fees, BND is cheaper at 0.03% per year. On volatility, BND has been the lower-risk option at 1.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GRID has performed better with a 19.34% return vs 1.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 0.70% for GRID.
BND has the higher dividend yield at 3.98%, compared with 0.80% for GRID.
GRID is categorized as Alternative Energy Equities, while BND is Total Bond Market. GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index, while BND tracks Bloomberg U.S. Aggregate Float Adjusted Index. They also come from different issuers: First Trust and Vanguard. Their fees differ too: 0.70% for GRID and 0.03% for BND.
GRID currently has the higher Sharpe Ratio (2.22 vs 1.32), 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.
Find the right allocation for GRID and BND
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer