GRID vs. CC1U.L

Last updated Jul 18, 2026

GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) and CC1U.L (Amundi MSCI China UCITS ETF-C USD) are both exchange-traded funds - GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index, while CC1U.L is a China Equities fund tracking the MSCI China NR USD. Both are passively managed. Over the past 5 years, GRID returned 15.54%/yr vs -0.68%/yr for CC1U.L. At a 0.39 correlation, their price movements are largely independent. GRID charges 0.70%/yr vs 0.45%/yr for CC1U.L.

Performance

GRID vs. CC1U.L - 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 Amundi MSCI China UCITS ETF-C USD (CC1U.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GRID achieves a 16.76% return, which is significantly higher than CC1U.L's -11.04% 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%

CC1U.L

• 1D: -3.44%
• 1M: -9.23%
• 6M: -15.95%
• YTD: -11.04%
• 1Y: 4.19%
• 3Y*: 1.46%
• 5Y*: -0.68%
• 10Y*: —

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

GRID vs. CC1U.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	16.76%	29.65%	15.18%	21.57%	-13.89%	27.65%	48.84%	42.80%	-22.97%
CC1U.L Amundi MSCI China UCITS ETF-C USD	-11.04%	39.49%	1.53%	-11.33%	-9.32%	-3.10%	-1.85%	12.90%	-13.77%

Correlation

The correlation between GRID and CC1U.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (All Time) Calculated using the full available price history since Jun 18, 2018	0.39

GRID vs. CC1U.L - Sectors Allocation Comparison

Sectors	GRID	CC1U.L
Industrials	25.4%	13.4%
Technology	11.9%	29.6%
Utilities	4.0%	3.4%
Consumer Cyclical	2.4%	20.7%
Energy	1.6%	-
Basic Materials	0.8%	13.0%
Communication Services	-	10.0%
Consumer Defensive	-	0.5%
Financial Services	-	1.3%
Healthcare	-	6.6%
Real Estate	-	1.5%

Return for Risk

GRID vs. CC1U.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GRID

GRID Risk / Return Rank: 44
GRID Sharpe Ratio Rank: 39
GRID Sortino Ratio Rank: 37
GRID Omega Ratio Rank: 38
GRID Calmar Ratio Rank: 54
GRID Martin Ratio Rank: 50

CC1U.L

CC1U.L Risk / Return Rank: 13
CC1U.L Sharpe Ratio Rank: 14
CC1U.L Sortino Ratio Rank: 13
CC1U.L Omega Ratio Rank: 13
CC1U.L Calmar Ratio Rank: 14
CC1U.L Martin Ratio Rank: 13

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GRID vs. CC1U.L - 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 China UCITS ETF-C USD (CC1U.L). 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	CC1U.L	Difference
Sharpe ratio: Return per unit of total volatility	1.16	0.21	+0.94
Sortino ratio: Return per unit of downside risk	1.63	0.47	+1.16
Omega ratio: Gain probability vs. loss probability	1.21	1.06	+0.16
Calmar ratio: Return relative to maximum drawdown	2.18	0.26	+1.92
Martin ratio: Return relative to average drawdown	6.68	0.58	+6.10

GRID vs. CC1U.L - Sharpe Ratio Comparison

The current GRID Sharpe Ratio is 1.16, which is higher than the CC1U.L Sharpe Ratio of 0.21. The chart below compares the historical Sharpe Ratios of GRID and CC1U.L, 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. CC1U.L - Drawdown Comparison

The maximum GRID drawdown since its inception was -40.56%, smaller than the maximum CC1U.L drawdown of -45.32%. Use the drawdown chart below to compare losses from any high point for GRID and CC1U.L.

Drawdown Indicators

	GRID	CC1U.L	Difference
Max Drawdown Largest peak-to-trough decline	-40.56%	-45.32%	+4.76%
Max Drawdown (1Y) Largest decline over 1 year	-11.73%	-20.11%	+8.38%
Max Drawdown (3Y) Largest decline over 3 years	-20.62%	-39.67%	+19.05%
Max Drawdown (5Y) Largest decline over 5 years	-29.64%	-42.25%	+12.61%
Max Drawdown (10Y) Largest decline over 10 years	-40.56%	—	—
Current Drawdown Current decline from peak	-10.63%	-20.11%	+9.48%
Average Drawdown Average peak-to-trough decline	-8.41%	-16.00%	+7.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.82%	8.97%	-5.15%

Volatility

GRID vs. CC1U.L - Volatility Comparison

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a higher volatility of 8.77% compared to Amundi MSCI China UCITS ETF-C USD (CC1U.L) at 8.05%. This indicates that GRID's price experiences larger fluctuations and is considered to be riskier than CC1U.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GRID	CC1U.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.77%	8.05%	+0.72%
Volatility (6M) Calculated over the trailing 6-month period	19.36%	17.05%	+2.31%
Volatility (1Y) Calculated over the trailing 1-year period	22.18%	24.21%	-2.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.53%	27.38%	-5.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.71%	25.47%	-2.76%

GRID vs. CC1U.L - Expense Ratio Comparison

GRID has a 0.70% expense ratio, which is higher than CC1U.L's 0.45% expense ratio.

Dividends

GRID vs. CC1U.L - Dividend Comparison

GRID's dividend yield for the trailing twelve months is around 0.80%, while CC1U.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CC1U.L Amundi MSCI China UCITS ETF-C USD	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

Can I hold both GRID and CC1U.L in my portfolio?

GRID and CC1U.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GRID or CC1U.L?

On fees, CC1U.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GRID or CC1U.L?

CC1U.L is cheaper with a 0.45% expense ratio, compared with 0.70% for GRID.

What is the main difference between GRID and CC1U.L?

GRID is categorized as Alternative Energy Equities, while CC1U.L is China Equities. GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index, while CC1U.L tracks MSCI China NR USD. They also come from different issuers: First Trust and Amundi. Their fees differ too: 0.70% for GRID and 0.45% for CC1U.L.