GRID vs. IS3N.DE
GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) and IS3N.DE (iShares Core MSCI Emerging Markets IMI 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 IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index (IMI). Both are passively managed. Over the past 10 years, GRID returned 18.48%/yr vs 8.90%/yr for IS3N.DE. A 0.53 correlation means they provide meaningful diversification when combined. GRID charges 0.70%/yr vs 0.18%/yr for IS3N.DE.
Performance
GRID vs. IS3N.DE - Performance Comparison
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Different Trading Currencies
GRID is traded in USD, while IS3N.DE is traded in EUR. To make them comparable, the IS3N.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 higher than IS3N.DE's 15.06% return. Over the past 10 years, GRID has outperformed IS3N.DE with an annualized return of 18.48%, while IS3N.DE has yielded a comparatively lower 8.90% annualized 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%
IS3N.DE
- 1D
- -2.01%
- 1M
- -8.49%
- 6M
- 9.41%
- YTD
- 15.06%
- 1Y
- 28.92%
- 3Y*
- 18.34%
- 5Y*
- 6.54%
- 10Y*
- 8.90%
GRID vs. IS3N.DE - 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 | 16.76% | 29.65% | 15.18% | 21.57% | -13.89% | 27.65% | 48.84% | 42.80% | -22.69% | 27.44% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 15.06% | 32.24% | 7.37% | 10.58% | -18.59% | -1.36% | 17.53% | 18.43% | -15.24% | 37.46% |
Correlation
The correlation between GRID and IS3N.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2014 | 0.53 |
The correlation between GRID and IS3N.DE shifts across timeframes, from 0.53 (all time) to 0.70 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GRID vs. IS3N.DE — Risk / Return Rank
GRID
IS3N.DE
GRID vs. IS3N.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 iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.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 | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.25 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.26 | -0.09 |
| Martin ratioReturn relative to average drawdown | 6.68 | 7.18 | -0.50 |
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Drawdowns
GRID vs. IS3N.DE - Drawdown Comparison
The maximum GRID drawdown since its inception was -40.56%, roughly equal to the maximum IS3N.DE drawdown of -39.05%. Use the drawdown chart below to compare losses from any high point for GRID and IS3N.DE.
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Drawdown Indicators
| GRID | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -39.05% | -1.51% |
Max Drawdown (1Y)Largest decline over 1 year | -11.73% | -12.72% | +0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -20.62% | -18.38% | -2.24% |
Max Drawdown (5Y)Largest decline over 5 years | -29.64% | -33.66% | +4.02% |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | -39.05% | -1.51% |
Current DrawdownCurrent decline from peak | -10.63% | -10.52% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -8.41% | -13.96% | +5.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 4.02% | -0.20% |
Volatility
GRID vs. IS3N.DE - Volatility Comparison
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) and iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) have volatilities of 8.77% and 8.38%, 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.
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Volatility by Period
| GRID | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.77% | 8.38% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 19.36% | 18.82% | +0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.18% | 20.96% | +1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.53% | 18.69% | +2.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.71% | 19.31% | +3.40% |
GRID vs. IS3N.DE - Expense Ratio Comparison
GRID has a 0.70% expense ratio, which is higher than IS3N.DE's 0.18% expense ratio.
Dividends
GRID vs. IS3N.DE - Dividend Comparison
GRID's dividend yield for the trailing twelve months is around 0.80%, while IS3N.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IS3N.DE iShares Core MSCI Emerging Markets IMI 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% |
Frequently Asked Questions
GRID and IS3N.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3N.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3N.DE is cheaper with a 0.18% expense ratio, compared with 0.70% for GRID.
GRID is categorized as Alternative Energy Equities, while IS3N.DE is Emerging Markets Equities. GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index, while IS3N.DE tracks MSCI Emerging Markets Investable Market Index (IMI). They also come from different issuers: First Trust and iShares. Their fees differ too: 0.70% for GRID and 0.18% for IS3N.DE.
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