GRID vs. DODGX
GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) and DODGX (Dodge & Cox Stock Fund Class I) are both funds - GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index, while DODGX is a Large Cap Value Equities fund actively managed by Dodge & Cox. GRID is passively managed, while DODGX is actively managed. Over the past 10 years, GRID returned 19.34%/yr vs 12.65%/yr for DODGX. A 0.68 correlation means they provide meaningful diversification when combined. GRID charges 0.70%/yr vs 0.51%/yr for DODGX.
Performance
GRID vs. DODGX - Performance Comparison
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Returns By Period
In the year-to-date period, GRID achieves a 23.80% return, which is significantly higher than DODGX's 3.91% return. Over the past 10 years, GRID has outperformed DODGX with an annualized return of 19.34%, while DODGX has yielded a comparatively lower 12.65% 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%
DODGX
- 1D
- -0.70%
- 1M
- 0.89%
- YTD
- 3.91%
- 6M
- 6.39%
- 1Y
- 12.33%
- 3Y*
- 15.24%
- 5Y*
- 8.58%
- 10Y*
- 12.65%
GRID vs. DODGX - 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% |
DODGX Dodge & Cox Stock Fund Class I | 3.91% | 13.66% | 14.36% | 17.49% | -7.25% | 31.72% | 7.10% | 24.30% | -7.15% | 18.33% |
Correlation
The correlation between GRID and DODGX is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2009 | 0.68 |
The correlation between GRID and DODGX shifts across timeframes, from 0.50 (1 year) to 0.73 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GRID vs. DODGX — Risk / Return Rank
GRID
DODGX
GRID vs. DODGX - 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 Dodge & Cox Stock Fund Class I (DODGX). 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 | DODGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.21 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 1.82 | +1.97 |
| Martin ratioReturn relative to average drawdown | 14.15 | 6.39 | +7.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GRID | DODGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | 1.21 | +1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.54 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.66 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.63 | -0.07 |
Drawdowns
GRID vs. DODGX - Drawdown Comparison
The maximum GRID drawdown since its inception was -40.56%, smaller than the maximum DODGX drawdown of -63.24%. Use the drawdown chart below to compare losses from any high point for GRID and DODGX.
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Drawdown Indicators
| GRID | DODGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -63.24% | +22.68% |
Max Drawdown (1Y)Largest decline over 1 year | -11.73% | -7.48% | -4.25% |
Max Drawdown (3Y)Largest decline over 3 years | -20.77% | -14.89% | -5.88% |
Max Drawdown (5Y)Largest decline over 5 years | -29.64% | -21.85% | -7.79% |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | -40.41% | -0.15% |
Current DrawdownCurrent decline from peak | -5.25% | -0.70% | -4.55% |
Average DrawdownAverage peak-to-trough decline | -8.43% | -7.51% | -0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 2.12% | +1.02% |
Volatility
GRID vs. DODGX - Volatility Comparison
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a higher volatility of 8.65% compared to Dodge & Cox Stock Fund Class I (DODGX) at 2.97%. This indicates that GRID's price experiences larger fluctuations and is considered to be riskier than DODGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRID | DODGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.65% | 2.97% | +5.68% |
Volatility (6M)Calculated over the trailing 6-month period | 16.87% | 8.21% | +8.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.03% | 11.24% | +8.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.11% | 15.97% | +5.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.86% | 19.22% | +3.64% |
GRID vs. DODGX - Expense Ratio Comparison
GRID has a 0.70% expense ratio, which is higher than DODGX's 0.51% expense ratio.
Dividends
GRID vs. DODGX - Dividend Comparison
GRID's dividend yield for the trailing twelve months is around 0.80%, less than DODGX's 9.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DODGX Dodge & Cox Stock Fund Class I | 9.36% | 9.86% | 8.20% | 3.76% | 5.47% | 3.22% | 6.74% | 10.23% | 9.69% | 6.78% | 6.26% | 5.36% |
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 DODGX have a correlation of 0.50, 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 DODGX (2.97%). In terms of maximum drawdown, GRID dropped -40.56% vs DODGX's -63.24%.
GRID currently has the higher Sharpe Ratio (2.22 vs 1.21), 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.
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