GRID vs. ENFR
GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) and ENFR (Alerian Energy Infrastructure ETF) are both Infrastructure Equities funds - GRID tracks the Nasdaq Clean Edge Smart Grid Infrastructure Index while ENFR tracks the Alerian Midstream Energy Select Index. Both are passively managed. Over the past 10 years, GRID returned 18.61%/yr vs 11.73%/yr for ENFR. Their 0.44 correlation means their historical movements had little consistent relationship. GRID charges 0.70%/yr vs 0.35%/yr for ENFR.
Performance
GRID vs. ENFR - Performance Comparison
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Returns By Period
In the year-to-date period, GRID achieves a 19.50% return, which is significantly lower than ENFR's 27.46% return. Over the past 10 years, GRID has outperformed ENFR with an annualized return of 18.61%, while ENFR has yielded a comparatively lower 11.73% annualized return.
GRID
- 1D
- 1.49%
- 1M
- -1.17%
- 6M
- 10.03%
- YTD
- 19.50%
- 1Y
- 30.04%
- 3Y*
- 22.76%
- 5Y*
- 14.44%
- 10Y*
- 18.61%
- ALL TIME*
- 12.60%
ENFR
- 1D
- -0.63%
- 1M
- 3.26%
- 6M
- 20.04%
- YTD
- 27.46%
- 1Y
- 28.20%
- 3Y*
- 26.81%
- 5Y*
- 22.10%
- 10Y*
- 11.73%
- ALL TIME*
- 8.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.48M | $4.07M | $3.20M | |
| $102.61M | $99.71M | $138.67M |
GRID vs. ENFR - 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 | 19.50% | 29.65% | 15.18% | 21.57% | -13.89% | 27.65% | 48.84% | 42.80% | -22.69% | 27.44% |
ENFR Alerian Energy Infrastructure ETF | 27.46% | 5.88% | 42.17% | 15.63% | 17.48% | 39.97% | -24.14% | 21.60% | -18.67% | -0.19% |
Correlation
The correlation between GRID and ENFR is -0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.41 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2013 | 0.44 |
The correlation between GRID and ENFR shifts across timeframes, from -0.06 (1 year) to 0.46 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
GRID vs. ENFR — Risk / Return Rank
GRID
ENFR
GRID vs. ENFR - 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 Alerian Energy Infrastructure ETF (ENFR). 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 | ENFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.32 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 3.28 | -1.37 |
| Martin ratioReturn relative to average drawdown | 6.77 | 8.01 | -1.24 |
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Drawdowns
GRID vs. ENFR - Drawdown Comparison
The maximum GRID drawdown since its inception was -40.56%, smaller than the maximum ENFR drawdown of -68.28%. Use the drawdown chart below to compare losses from any high point for GRID and ENFR.
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Drawdown Indicators
| GRID | ENFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -68.28% | +27.72% |
Max Drawdown (1Y)Largest decline over 1 year | -15.82% | -8.64% | -7.18% |
Max Drawdown (3Y)Largest decline over 3 years | -20.62% | -15.58% | -5.04% |
Max Drawdown (5Y)Largest decline over 5 years | -29.64% | -20.29% | -9.35% |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | -62.64% | +22.08% |
Current DrawdownCurrent decline from peak | -8.53% | -3.18% | -5.35% |
Average DrawdownAverage peak-to-trough decline | -8.42% | -15.82% | +7.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.45% | 3.53% | +0.92% |
Volatility
GRID vs. ENFR - Volatility Comparison
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a higher volatility of 8.94% compared to Alerian Energy Infrastructure ETF (ENFR) at 5.48%. This indicates that GRID's price experiences larger fluctuations and is considered to be riskier than ENFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRID | ENFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.94% | 5.48% | +3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 20.34% | 12.31% | +8.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.13% | 15.26% | +7.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.70% | 19.20% | +2.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.83% | 24.65% | -1.82% |
GRID vs. ENFR - Expense Ratio Comparison
GRID has a 0.70% expense ratio, which is higher than ENFR's 0.35% expense ratio.
Dividends
GRID vs. ENFR - Dividend Comparison
GRID's dividend yield for the trailing twelve months is around 0.79%, less than ENFR's 3.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENFR Alerian Energy Infrastructure ETF | 3.94% | 4.77% | 4.41% | 5.48% | 5.23% | 7.86% | 7.57% | 5.81% | 3.98% | 2.98% | 3.31% | 3.34% |
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 0.79% | 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 ENFR have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRID has higher volatility (8.94%) compared to ENFR (5.48%). In terms of maximum drawdown, GRID dropped -40.56% vs ENFR's -68.28%.
On 10-year performance, GRID leads with 18.61% vs 11.73% for ENFR. On fees, ENFR is cheaper at 0.35% per year. On volatility, ENFR has been the lower-risk option at 5.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GRID has performed better with a 18.61% return vs 11.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ENFR is cheaper with a 0.35% expense ratio, compared with 0.70% for GRID.
ENFR has the higher dividend yield at 3.94%, compared with 0.79% for GRID.
GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index, while ENFR tracks Alerian Midstream Energy Select Index. They also come from different issuers: First Trust and SS&C. Their fees differ too: 0.70% for GRID and 0.35% for ENFR.
ENFR currently has the higher Sharpe Ratio (1.86 vs 1.31), 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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