GRID vs. HYDR
Compare and contrast key facts about First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) and Global X Hydrogen ETF (HYDR).
GRID and HYDR 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. HYDR is a passively managed fund by Global X that tracks the performance of the Solactive Global Hydrogen Index - Benchmark TR Net. It was launched on Jul 12, 2021. Both GRID and HYDR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GRID vs. HYDR - Performance Comparison
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GRID vs. HYDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index | 9.08% | 29.65% | 15.18% | 21.57% | -13.89% | 10.48% |
HYDR Global X Hydrogen ETF | 14.75% | 43.73% | -33.08% | -36.49% | -47.24% | -13.89% |
Returns By Period
In the year-to-date period, GRID achieves a 9.08% return, which is significantly lower than HYDR's 14.75% return.
GRID
- 1D
- 1.98%
- 1M
- -5.47%
- YTD
- 9.08%
- 6M
- 9.98%
- 1Y
- 48.00%
- 3Y*
- 20.91%
- 5Y*
- 15.14%
- 10Y*
- 18.31%
HYDR
- 1D
- 0.65%
- 1M
- -5.99%
- YTD
- 14.75%
- 6M
- -0.04%
- 1Y
- 117.67%
- 3Y*
- -11.33%
- 5Y*
- —
- 10Y*
- —
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GRID vs. HYDR - Expense Ratio Comparison
GRID has a 0.70% expense ratio, which is higher than HYDR's 0.50% expense ratio.
Return for Risk
GRID vs. HYDR — Risk / Return Rank
GRID
HYDR
GRID vs. HYDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) and Global X Hydrogen ETF (HYDR). 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.
| GRID | HYDR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.25 | 2.40 | -0.15 |
Sortino ratioReturn per unit of downside risk | 3.04 | 2.99 | +0.05 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.35 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 4.18 | 4.13 | +0.05 |
Martin ratioReturn relative to average drawdown | 15.64 | 9.89 | +5.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GRID | HYDR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.25 | 2.40 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | -0.47 | +1.00 |
Correlation
The correlation between GRID and HYDR is 0.67, 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.
Dividends
GRID vs. HYDR - Dividend Comparison
GRID's dividend yield for the trailing twelve months is around 0.90%, less than HYDR's 3.33% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index | 0.90% | 1.01% | 1.06% | 1.23% | 1.26% | 0.63% | 0.68% | 1.26% | 1.28% | 1.07% | 1.07% | 1.23% |
HYDR Global X Hydrogen ETF | 3.33% | 3.82% | 0.40% | 0.00% | 0.00% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GRID vs. HYDR - Drawdown Comparison
The maximum GRID drawdown since its inception was -40.56%, smaller than the maximum HYDR drawdown of -89.28%. Use the drawdown chart below to compare losses from any high point for GRID and HYDR.
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Drawdown Indicators
| GRID | HYDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -89.28% | +48.72% |
Max Drawdown (1Y)Largest decline over 1 year | -11.73% | -29.76% | +18.03% |
Max Drawdown (5Y)Largest decline over 5 years | -29.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | — | — |
Current DrawdownCurrent decline from peak | -6.55% | -73.65% | +67.10% |
Average DrawdownAverage peak-to-trough decline | -8.50% | -64.40% | +55.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 12.42% | -9.28% |
Volatility
GRID vs. HYDR - Volatility Comparison
The current volatility for First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) is 8.59%, while Global X Hydrogen ETF (HYDR) has a volatility of 13.62%. This indicates that GRID experiences smaller price fluctuations and is considered to be less risky than HYDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRID | HYDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.59% | 13.62% | -5.03% |
Volatility (6M)Calculated over the trailing 6-month period | 14.24% | 38.08% | -23.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.49% | 49.41% | -27.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.69% | 46.23% | -25.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.74% | 46.23% | -23.49% |