GRID vs. FXH
Compare and contrast key facts about First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) and First Trust Health Care AlphaDEX Fund (FXH).
GRID and FXH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GRID is a passively managed fund by First Trust that tracks the performance of the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index. It was launched on Nov 17, 2009. FXH is a passively managed fund by First Trust that tracks the performance of the StrataQuant Health Care Index. It was launched on May 8, 2007. Both GRID and FXH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GRID or FXH.
Performance
GRID vs. FXH - Performance Comparison
Returns By Period
In the year-to-date period, GRID achieves a 18.78% return, which is significantly higher than FXH's 3.86% return. Over the past 10 years, GRID has outperformed FXH with an annualized return of 15.11%, while FXH has yielded a comparatively lower 6.26% annualized return.
GRID
18.78%
-2.57%
3.78%
31.07%
20.32%
15.11%
FXH
3.86%
-3.03%
0.49%
13.65%
5.80%
6.26%
Key characteristics
| GRID | FXH | |
|---|---|---|
| Sharpe Ratio | 1.91 | 1.09 |
| Sortino Ratio | 2.58 | 1.57 |
| Omega Ratio | 1.32 | 1.19 |
| Calmar Ratio | 2.80 | 0.54 |
| Martin Ratio | 11.03 | 4.61 |
| Ulcer Index | 2.93% | 3.02% |
| Daily Std Dev | 16.97% | 12.86% |
| Max Drawdown | -40.55% | -43.70% |
| Current Drawdown | -4.05% | -15.67% |
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GRID vs. FXH - Expense Ratio Comparison
GRID has a 0.70% expense ratio, which is higher than FXH's 0.61% expense ratio.
Correlation
The correlation between GRID and FXH is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
GRID vs. FXH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) and First Trust Health Care AlphaDEX Fund (FXH). 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.
Dividends
GRID vs. FXH - Dividend Comparison
GRID's dividend yield for the trailing twelve months is around 1.09%, more than FXH's 0.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index | 1.09% | 1.23% | 1.26% | 0.63% | 0.68% | 1.26% | 1.28% | 1.07% | 1.07% | 1.23% | 1.45% | 1.35% |
FXH First Trust Health Care AlphaDEX Fund | 0.44% | 0.24% | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% |
Drawdowns
GRID vs. FXH - Drawdown Comparison
The maximum GRID drawdown since its inception was -40.55%, smaller than the maximum FXH drawdown of -43.70%. Use the drawdown chart below to compare losses from any high point for GRID and FXH. For additional features, visit the drawdowns tool.
Volatility
GRID vs. FXH - Volatility Comparison
First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) and First Trust Health Care AlphaDEX Fund (FXH) have volatilities of 4.75% and 4.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.