GRID vs. EMXC.DE
GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) and EMXC.DE (Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc) are both exchange-traded funds - GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index, while EMXC.DE is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 5 years, GRID returned 15.54%/yr vs 11.17%/yr for EMXC.DE. A 0.60 correlation means they provide meaningful diversification when combined. GRID charges 0.70%/yr vs 0.15%/yr for EMXC.DE.
Performance
GRID vs. EMXC.DE - Performance Comparison
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Different Trading Currencies
GRID is traded in USD, while EMXC.DE is traded in EUR. To make them comparable, the EMXC.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GRID achieves a 16.76% return, which is significantly lower than EMXC.DE's 26.92% 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%
EMXC.DE
- 1D
- -1.64%
- 1M
- -10.79%
- 6M
- 19.42%
- YTD
- 26.92%
- 1Y
- 46.14%
- 3Y*
- 22.65%
- 5Y*
- 11.17%
- 10Y*
- —
GRID vs. EMXC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 17.55% |
EMXC.DE Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc | 26.92% | 35.38% | 2.89% | 17.93% | -18.35% | 8.29% | 12.24% | -5.29% |
Correlation
The correlation between GRID and EMXC.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2019 | 0.61 |
The correlation between GRID and EMXC.DE has been stable across timeframes, ranging from 0.60 to 0.69 - a consistent structural relationship.
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Return for Risk
GRID vs. EMXC.DE — Risk / Return Rank
GRID
EMXC.DE
GRID vs. EMXC.DE - 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 Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE). 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 | EMXC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.34 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 3.28 | -1.10 |
| Martin ratioReturn relative to average drawdown | 6.68 | 10.40 | -3.72 |
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Drawdowns
GRID vs. EMXC.DE - Drawdown Comparison
The maximum GRID drawdown since its inception was -40.56%, smaller than the maximum EMXC.DE drawdown of -43.81%. Use the drawdown chart below to compare losses from any high point for GRID and EMXC.DE.
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Drawdown Indicators
| GRID | EMXC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -43.81% | +3.25% |
Max Drawdown (1Y)Largest decline over 1 year | -11.73% | -14.01% | +2.28% |
Max Drawdown (3Y)Largest decline over 3 years | -20.62% | -21.97% | +1.35% |
Max Drawdown (5Y)Largest decline over 5 years | -29.64% | -28.61% | -1.03% |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | — | — |
Current DrawdownCurrent decline from peak | -10.63% | -13.58% | +2.95% |
Average DrawdownAverage peak-to-trough decline | -8.41% | -10.16% | +1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 4.42% | -0.60% |
Volatility
GRID vs. EMXC.DE - Volatility Comparison
The current volatility for First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) is 8.77%, while Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE) has a volatility of 10.30%. This indicates that GRID experiences smaller price fluctuations and is considered to be less risky than EMXC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRID | EMXC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.77% | 10.30% | -1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 19.36% | 22.26% | -2.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.18% | 24.28% | -2.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.53% | 18.57% | +2.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.71% | 20.57% | +2.14% |
GRID vs. EMXC.DE - Expense Ratio Comparison
GRID has a 0.70% expense ratio, which is higher than EMXC.DE's 0.15% expense ratio.
Dividends
GRID vs. EMXC.DE - Dividend Comparison
GRID's dividend yield for the trailing twelve months is around 0.80%, while EMXC.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMXC.DE Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc | 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 EMXC.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMXC.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMXC.DE is cheaper with a 0.15% expense ratio, compared with 0.70% for GRID.
GRID is categorized as Alternative Energy Equities, while EMXC.DE is Emerging Markets Equities. GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index, while EMXC.DE tracks MSCI EM NR USD. They also come from different issuers: First Trust and Amundi. Their fees differ too: 0.70% for GRID and 0.15% for EMXC.DE.
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