GRID vs. CHAT

Last updated Jun 9, 2026

GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) and CHAT (Roundhill Generative AI & Technology ETF) are both exchange-traded funds - GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index, while CHAT is a Technology Equities fund actively managed by Roundhill. GRID is passively managed, while CHAT is actively managed. Over the past 3 years, GRID returned 24.20%/yr vs 50.33%/yr for CHAT. A 0.76 correlation means they provide meaningful diversification when combined. GRID charges 0.70%/yr vs 0.75%/yr for CHAT.

Performance

GRID vs. CHAT - 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 Roundhill Generative AI & Technology ETF (CHAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GRID achieves a 23.80% return, which is significantly lower than CHAT's 58.75% 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%

CHAT

• 1D: 3.25%
• 1M: 8.61%
• YTD: 58.75%
• 6M: 54.05%
• 1Y: 117.08%
• 3Y*: 50.33%
• 5Y*: —
• 10Y*: —

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

GRID vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	23.80%	29.65%	15.18%	8.21%
CHAT Roundhill Generative AI & Technology ETF	58.75%	49.85%	30.98%	21.04%

Correlation

The correlation between GRID and CHAT is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (All Time) Calculated using the full available price history since May 18, 2023	0.76

The correlation between GRID and CHAT has been stable across timeframes, ranging from 0.76 to 0.76 - a consistent structural relationship.

GRID vs. CHAT - Sectors Allocation Comparison

Sectors	GRID	CHAT
Industrials	65.2%	0.8%
Utilities	20.4%	-
Technology	11.0%	76.5%
Consumer Cyclical	3.5%	5.6%
Basic Materials	0.0%	-
Communication Services	-	16.6%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.0%
Healthcare	-	-
Real Estate	-	-

Return for Risk

GRID vs. CHAT — Risk / Return Rank

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

GRID

GRID Risk / Return Rank: 76
GRID Sharpe Ratio Rank: 76
GRID Sortino Ratio Rank: 71
GRID Omega Ratio Rank: 72
GRID Calmar Ratio Rank: 80
GRID Martin Ratio Rank: 80

CHAT

CHAT Risk / Return Rank: 93
CHAT Sharpe Ratio Rank: 96
CHAT Sortino Ratio Rank: 90
CHAT Omega Ratio Rank: 91
CHAT Calmar Ratio Rank: 95
CHAT Martin Ratio Rank: 92

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. CHAT - 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 Roundhill Generative AI & Technology ETF (CHAT). 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	CHAT	Difference
Sharpe ratio: Return per unit of total volatility	2.22	3.63	-1.41
Sortino ratio: Return per unit of downside risk	2.91	3.82	-0.91
Omega ratio: Gain probability vs. loss probability	1.38	1.54	-0.15
Calmar ratio: Return relative to maximum drawdown	3.79	7.23	-3.44
Martin ratio: Return relative to average drawdown	14.15	21.00	-6.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GRID vs. CHAT - Sharpe Ratio Comparison

The current GRID Sharpe Ratio is 2.22, which is lower than the CHAT Sharpe Ratio of 3.63. The chart below compares the historical Sharpe Ratios of GRID and CHAT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GRID	CHAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.22	3.63	-1.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	1.78	-1.22

Drawdowns

GRID vs. CHAT - Drawdown Comparison

The maximum GRID drawdown since its inception was -40.56%, which is greater than CHAT's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for GRID and CHAT.

Drawdown Indicators

	GRID	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-40.56%	-31.34%	-9.22%
Max Drawdown (1Y) Largest decline over 1 year	-11.73%	-16.28%	+4.55%
Max Drawdown (3Y) Largest decline over 3 years	-20.77%	-31.34%	+10.57%
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	-5.25%	-9.52%	+4.27%
Average Drawdown Average peak-to-trough decline	-8.43%	-5.36%	-3.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	5.60%	-2.46%

Volatility

GRID vs. CHAT - Volatility Comparison

The current volatility for First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) is 8.65%, while Roundhill Generative AI & Technology ETF (CHAT) has a volatility of 15.95%. This indicates that GRID experiences smaller price fluctuations and is considered to be less risky than CHAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GRID	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.65%	15.95%	-7.30%
Volatility (6M) Calculated over the trailing 6-month period	16.87%	27.06%	-10.19%
Volatility (1Y) Calculated over the trailing 1-year period	20.03%	32.47%	-12.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.11%	30.45%	-9.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.86%	30.45%	-7.59%

GRID vs. CHAT - Expense Ratio Comparison

GRID has a 0.70% expense ratio, which is lower than CHAT's 0.75% expense ratio.

Dividends

GRID vs. CHAT - Dividend Comparison

GRID's dividend yield for the trailing twelve months is around 0.80%, less than CHAT's 1.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHAT Roundhill Generative AI & Technology ETF	1.80%	2.85%	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 CHAT in my portfolio?

GRID and CHAT have a correlation of 0.76, 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 CHAT?

CHAT has higher volatility (15.95%) compared to GRID (8.65%). In terms of maximum drawdown, GRID dropped -40.56% vs CHAT's -31.34%.

Which ETF is better, GRID or CHAT?

On 3-year performance, CHAT leads with 50.33% vs 24.20% for GRID. On fees, GRID is cheaper at 0.70% per year. On volatility, GRID has been the lower-risk option at 8.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GRID or CHAT?

Over the 3-year period, CHAT has performed better with a 50.33% return vs 24.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GRID or CHAT?

GRID is cheaper with a 0.70% expense ratio, compared with 0.75% for CHAT.

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

CHAT has the higher dividend yield at 1.80%, compared with 0.80% for GRID.

What is the main difference between GRID and CHAT?

GRID is categorized as Alternative Energy Equities, while CHAT is Technology Equities. They also come from different issuers: First Trust and Roundhill. Their fees differ too: 0.70% for GRID and 0.75% for CHAT.

Which has better risk-adjusted returns?

CHAT currently has the higher Sharpe Ratio (3.63 vs 2.22), 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.