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GRID vs. EIMI.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GRID vs. EIMI.L

Last updated Jun 13, 2026

GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) and EIMI.L (iShares Core MSCI EM IMI UCITS ETF) are both exchange-traded funds - GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index, while EIMI.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index. Both are passively managed. Over the past 10 years, GRID returned 19.76%/yr vs 10.60%/yr for EIMI.L. A 0.51 correlation means they provide meaningful diversification when combined. GRID charges 0.70%/yr vs 0.18%/yr for EIMI.L.

Performance

GRID vs. EIMI.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 iShares Core MSCI EM IMI UCITS ETF (EIMI.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with GRID having a 23.59% return and EIMI.L slightly lower at 22.83%. Over the past 10 years, GRID has outperformed EIMI.L with an annualized return of 19.76%, while EIMI.L has yielded a comparatively lower 10.60% annualized return.

GRID

1D
-0.18%
1M
-4.18%
YTD
23.59%
6M
24.02%
1Y
41.72%
3Y*
23.21%
5Y*
16.83%
10Y*
19.76%

EIMI.L

1D
3.53%
1M
1.15%
YTD
22.83%
6M
26.10%
1Y
43.20%
3Y*
21.64%
5Y*
7.50%
10Y*
10.60%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GRID vs. EIMI.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund		23.59%29.65%15.18%21.57%-13.89%27.65%48.84%42.80%-22.69%27.44%
EIMI.L
iShares Core MSCI EM IMI UCITS ETF		22.83%32.16%7.36%11.03%-19.67%-0.65%18.80%16.37%-14.18%36.94%

Correlation

The correlation between GRID and EIMI.L is 0.63, 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

0.63

Correlation (3Y)
Calculated over the trailing 3-year period

0.56

Correlation (5Y)
Calculated over the trailing 5-year period

0.54

Correlation (10Y)
Calculated over the trailing 10-year period

0.53

Correlation (All Time)
Calculated using the full available price history since May 30, 2014

0.51

The correlation between GRID and EIMI.L shifts across timeframes, from 0.51 (all time) to 0.63 (1 year), reflecting how their relationship changes across market environments.

GRID vs. EIMI.L - Sectors Allocation Comparison

Sectors
GRID
EIMI.L

Industrials

65.2%
8.9%

Utilities

20.4%
2.2%

Technology

11.0%
35.0%

Consumer Cyclical

3.5%
9.6%

Basic Materials

0.0%
6.9%

Communication Services

-

6.4%

Consumer Defensive

-

3.3%

Energy

-

3.9%

Financial Services

-

18.4%

Healthcare

-

3.7%

Real Estate

-

1.7%

Industrials

GRID
65.2%
EIMI.L
8.9%

Utilities

GRID
20.4%
EIMI.L
2.2%

Technology

GRID
11.0%
EIMI.L
35.0%

Consumer Cyclical

GRID
3.5%
EIMI.L
9.6%

Basic Materials

GRID
0.0%
EIMI.L
6.9%

Communication Services

GRID

-

EIMI.L
6.4%

Consumer Defensive

GRID

-

EIMI.L
3.3%

Energy

GRID

-

EIMI.L
3.9%

Financial Services

GRID

-

EIMI.L
18.4%

Healthcare

GRID

-

EIMI.L
3.7%

Real Estate

GRID

-

EIMI.L
1.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

iShares Core MSCI EM IMI UCITS ETF

Often compared with GRID:
GRID vs. ICLNGRID vs. NLRGRID vs. VOOGRID vs. POWRGRID vs. FIWGRID vs. VOLTGRID vs. QCLN
Often compared with EIMI.L:
EIMI.L vs. VFEA.DEEIMI.L vs. CSPX.LEIMI.L vs. AVEMEIMI.L vs. SWRD.LEIMI.L vs. VWOEIMI.L vs. VFEG.LEIMI.L vs. AEME.L

Return for Risk

GRID vs. EIMI.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GRID
GRID Risk / Return Rank: 7373
Overall Rank
GRID Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
GRID Sortino Ratio Rank: 6969
Sortino Ratio Rank
GRID Omega Ratio Rank: 6969
Omega Ratio Rank
GRID Calmar Ratio Rank: 7979
Calmar Ratio Rank
GRID Martin Ratio Rank: 7878
Martin Ratio Rank
EIMI.L
EIMI.L Risk / Return Rank: 7676
Overall Rank
EIMI.L Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
EIMI.L Sortino Ratio Rank: 7676
Sortino Ratio Rank
EIMI.L Omega Ratio Rank: 7979
Omega Ratio Rank
EIMI.L Calmar Ratio Rank: 7676
Calmar Ratio Rank
EIMI.L Martin Ratio Rank: 7373
Martin Ratio Rank
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. EIMI.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 iShares Core MSCI EM IMI UCITS ETF (EIMI.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.

GRIDEIMI.LDifference
Sharpe ratioReturn per unit of total volatility
2.02
2.16

-0.13

Sortino ratioReturn per unit of downside risk
2.70
2.92

-0.22

Omega ratioGain probability vs. loss probability

1.35

1.40

-0.05

Calmar ratioReturn relative to maximum drawdown

3.57

3.40

+0.18

Martin ratioReturn relative to average drawdown

12.89

11.76

+1.13

GRID vs. EIMI.L - Sharpe Ratio Comparison

The current GRID Sharpe Ratio is 2.02, which is comparable to the EIMI.L Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of GRID and EIMI.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.

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Drawdowns

GRID vs. EIMI.L - Drawdown Comparison

The maximum GRID drawdown since its inception was -40.56%, roughly equal to the maximum EIMI.L drawdown of -38.73%. Use the drawdown chart below to compare losses from any high point for GRID and EIMI.L.

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Drawdown Indicators

GRIDEIMI.LDifference

Max Drawdown

Largest peak-to-trough decline

-40.56%

-38.73%

-1.83%

Max Drawdown (1Y)

Largest decline over 1 year

-11.73%

-12.66%

+0.93%

Max Drawdown (3Y)

Largest decline over 3 years

-20.77%

-17.44%

-3.33%

Max Drawdown (5Y)

Largest decline over 5 years

-29.64%

-35.45%

+5.81%

Max Drawdown (10Y)

Largest decline over 10 years

-40.56%

-38.73%

-1.83%

Current Drawdown

Current decline from peak

-5.40%

-3.75%

-1.65%

Average Drawdown

Average peak-to-trough decline

-8.42%

-13.99%

+5.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.25%

3.66%

-0.41%

Volatility

GRID vs. EIMI.L - Volatility Comparison

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a higher volatility of 9.56% compared to iShares Core MSCI EM IMI UCITS ETF (EIMI.L) at 8.37%. This indicates that GRID's price experiences larger fluctuations and is considered to be riskier than EIMI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GRIDEIMI.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.56%

8.37%

+1.19%

Volatility (6M)

Calculated over the trailing 6-month period

17.70%

17.62%

+0.08%

Volatility (1Y)

Calculated over the trailing 1-year period

20.73%

19.94%

+0.79%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.24%

18.46%

+2.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.90%

19.20%

+3.70%

GRID vs. EIMI.L - Expense Ratio Comparison

GRID has a 0.70% expense ratio, which is higher than EIMI.L's 0.18% expense ratio.

Dividends

GRID vs. EIMI.L - Dividend Comparison

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

PositionTTM20252024202320222021202020192018201720162015
EIMI.L
iShares Core MSCI EM IMI UCITS ETF		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

GRID and EIMI.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, EIMI.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EIMI.L is cheaper with a 0.18% expense ratio, compared with 0.70% for GRID.

GRID is categorized as Alternative Energy Equities, while EIMI.L is Emerging Markets Equities. GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index, while EIMI.L tracks MSCI Emerging Markets Investable Market Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.70% for GRID and 0.18% for EIMI.L.

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