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GRID vs. FGRIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GRID vs. FGRIX

Last updated Jun 16, 2026

GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) and FGRIX (Fidelity Growth & Income Portfolio) are both funds - GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index, while FGRIX is a Large Cap Value Equities fund actively managed by Fidelity. GRID is passively managed, while FGRIX is actively managed. Over the past 10 years, GRID returned 19.71%/yr vs 14.64%/yr for FGRIX. A 0.72 correlation means they provide meaningful diversification when combined. GRID charges 0.70%/yr vs 0.57%/yr for FGRIX.

Performance

GRID vs. FGRIX - 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 Fidelity Growth & Income Portfolio (FGRIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, GRID achieves a 25.84% return, which is significantly higher than FGRIX's 7.83% return. Over the past 10 years, GRID has outperformed FGRIX with an annualized return of 19.71%, while FGRIX has yielded a comparatively lower 14.64% annualized return.

GRID

1D
1.82%
1M
0.35%
YTD
25.84%
6M
25.25%
1Y
45.78%
3Y*
23.73%
5Y*
17.31%
10Y*
19.71%

FGRIX

1D
0.52%
1M
2.06%
YTD
7.83%
6M
8.49%
1Y
23.33%
3Y*
20.20%
5Y*
13.53%
10Y*
14.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GRID vs. FGRIX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund		25.84%29.65%15.18%21.57%-13.89%27.65%48.84%42.80%-22.69%27.44%
FGRIX
Fidelity Growth & Income Portfolio		7.83%21.59%22.10%18.63%-4.98%25.84%7.98%30.22%-8.94%16.88%

Correlation

The correlation between GRID and FGRIX is 0.74, 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

0.74

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

0.81

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

0.82

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

0.76

Correlation (All Time)
Calculated using the full available price history since Nov 17, 2009

0.72

The correlation between GRID and FGRIX shifts across timeframes, from 0.72 (all time) to 0.82 (5 years), reflecting how their relationship changes across market environments.

GRID vs. FGRIX - Sectors Allocation Comparison

Sectors
GRID
FGRIX

Industrials

24.4%
17.7%

Technology

12.6%
21.7%

Utilities

3.9%
2.3%

Consumer Cyclical

2.4%
3.9%

Energy

1.6%
10.7%

Basic Materials

0.0%
0.9%

Communication Services

-

6.3%

Consumer Defensive

-

7.1%

Financial Services

-

16.6%

Healthcare

-

11.8%

Real Estate

-

1.1%

Industrials

GRID
24.4%
FGRIX
17.7%

Technology

GRID
12.6%
FGRIX
21.7%

Utilities

GRID
3.9%
FGRIX
2.3%

Consumer Cyclical

GRID
2.4%
FGRIX
3.9%

Energy

GRID
1.6%
FGRIX
10.7%

Basic Materials

GRID
0.0%
FGRIX
0.9%

Communication Services

GRID

-

FGRIX
6.3%

Consumer Defensive

GRID

-

FGRIX
7.1%

Financial Services

GRID

-

FGRIX
16.6%

Healthcare

GRID

-

FGRIX
11.8%

Real Estate

GRID

-

FGRIX
1.1%

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First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

Fidelity Growth & Income Portfolio

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Often compared with FGRIX:
FGRIX vs. FXAIXFGRIX vs. FDVVFGRIX vs. FDGFXFGRIX vs. FEQIXFGRIX vs. FBGRXFGRIX vs. SCHDFGRIX vs. FSPGX

Return for Risk

GRID vs. FGRIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GRID
GRID Risk / Return Rank: 7777
Overall Rank
GRID Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
GRID Sortino Ratio Rank: 7272
Sortino Ratio Rank
GRID Omega Ratio Rank: 7373
Omega Ratio Rank
GRID Calmar Ratio Rank: 8282
Calmar Ratio Rank
GRID Martin Ratio Rank: 8080
Martin Ratio Rank
FGRIX
FGRIX Risk / Return Rank: 6464
Overall Rank
FGRIX Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
FGRIX Sortino Ratio Rank: 6565
Sortino Ratio Rank
FGRIX Omega Ratio Rank: 6262
Omega Ratio Rank
FGRIX Calmar Ratio Rank: 6161
Calmar Ratio Rank
FGRIX Martin Ratio Rank: 6666
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. FGRIX - 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 Fidelity Growth & Income Portfolio (FGRIX). 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.

GRIDFGRIXDifference
Sharpe ratioReturn per unit of total volatility
2.22
2.01

+0.21

Sortino ratioReturn per unit of downside risk
2.91
2.83

+0.09

Omega ratioGain probability vs. loss probability

1.38

1.36

+0.02

Calmar ratioReturn relative to maximum drawdown

3.92

2.64

+1.28

Martin ratioReturn relative to average drawdown

14.11

11.02

+3.09

GRID vs. FGRIX - Sharpe Ratio Comparison

The current GRID Sharpe Ratio is 2.22, which is comparable to the FGRIX Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of GRID and FGRIX, 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. FGRIX - Drawdown Comparison

The maximum GRID drawdown since its inception was -40.56%, smaller than the maximum FGRIX drawdown of -67.10%. Use the drawdown chart below to compare losses from any high point for GRID and FGRIX.

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Drawdown Indicators

GRIDFGRIXDifference

Max Drawdown

Largest peak-to-trough decline

-40.56%

-67.10%

+26.54%

Max Drawdown (1Y)

Largest decline over 1 year

-11.73%

-8.35%

-3.38%

Max Drawdown (3Y)

Largest decline over 3 years

-20.77%

-16.42%

-4.35%

Max Drawdown (5Y)

Largest decline over 5 years

-29.64%

-19.26%

-10.38%

Max Drawdown (10Y)

Largest decline over 10 years

-40.56%

-35.62%

-4.94%

Current Drawdown

Current decline from peak

-3.68%

-0.14%

-3.54%

Average Drawdown

Average peak-to-trough decline

-8.42%

-10.11%

+1.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.25%

2.00%

+1.25%

Volatility

GRID vs. FGRIX - Volatility Comparison

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a higher volatility of 9.77% compared to Fidelity Growth & Income Portfolio (FGRIX) at 3.25%. This indicates that GRID's price experiences larger fluctuations and is considered to be riskier than FGRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GRIDFGRIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.77%

3.25%

+6.52%

Volatility (6M)

Calculated over the trailing 6-month period

17.77%

8.28%

+9.49%

Volatility (1Y)

Calculated over the trailing 1-year period

20.78%

10.95%

+9.83%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.27%

15.56%

+5.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.88%

17.46%

+5.42%

GRID vs. FGRIX - Expense Ratio Comparison

GRID has a 0.70% expense ratio, which is higher than FGRIX's 0.57% expense ratio.

Dividends

GRID vs. FGRIX - Dividend Comparison

GRID's dividend yield for the trailing twelve months is around 0.78%, less than FGRIX's 9.08% yield.

PositionTTM20252024202320222021202020192018201720162015
FGRIX
Fidelity Growth & Income Portfolio		9.08%9.78%6.80%3.93%3.43%6.02%3.61%2.85%3.39%1.52%1.80%2.08%
GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund		0.78%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 FGRIX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GRID has higher volatility (9.77%) compared to FGRIX (3.25%). In terms of maximum drawdown, GRID dropped -40.56% vs FGRIX's -67.10%.

GRID currently has the higher Sharpe Ratio (2.22 vs 2.01), 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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