GRID vs. NLR
Compare and contrast key facts about First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) and VanEck Vectors Uranium+Nuclear Energy ETF (NLR).
GRID and NLR 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. NLR is a passively managed fund by VanEck that tracks the performance of the DAXglobal Nuclear Energy Index. It was launched on Aug 13, 2007. Both GRID and NLR 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 NLR.
Performance
GRID vs. NLR - Performance Comparison
Returns By Period
In the year-to-date period, GRID achieves a 18.57% return, which is significantly lower than NLR's 22.62% return. Over the past 10 years, GRID has outperformed NLR with an annualized return of 14.93%, while NLR has yielded a comparatively lower 8.97% annualized return.
GRID
18.57%
-1.88%
3.60%
32.11%
20.23%
14.93%
NLR
22.62%
-6.88%
0.63%
26.23%
15.74%
8.97%
Key characteristics
| GRID | NLR | |
|---|---|---|
| Sharpe Ratio | 1.91 | 1.02 |
| Sortino Ratio | 2.59 | 1.59 |
| Omega Ratio | 1.32 | 1.19 |
| Calmar Ratio | 2.61 | 1.27 |
| Martin Ratio | 11.09 | 3.35 |
| Ulcer Index | 2.92% | 8.11% |
| Daily Std Dev | 16.95% | 26.54% |
| Max Drawdown | -40.55% | -66.96% |
| Current Drawdown | -4.22% | -9.03% |
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GRID vs. NLR - Expense Ratio Comparison
GRID has a 0.70% expense ratio, which is higher than NLR's 0.60% expense ratio.
Correlation
The correlation between GRID and NLR is 0.54, 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. NLR - 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 VanEck Vectors Uranium+Nuclear Energy ETF (NLR). 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. NLR - Dividend Comparison
GRID's dividend yield for the trailing twelve months is around 1.09%, less than NLR's 3.70% 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% |
NLR VanEck Vectors Uranium+Nuclear Energy ETF | 3.70% | 4.54% | 2.02% | 1.99% | 2.23% | 2.43% | 3.91% | 4.86% | 3.62% | 3.30% | 2.48% | 0.69% |
Drawdowns
GRID vs. NLR - Drawdown Comparison
The maximum GRID drawdown since its inception was -40.55%, smaller than the maximum NLR drawdown of -66.96%. Use the drawdown chart below to compare losses from any high point for GRID and NLR. For additional features, visit the drawdowns tool.
Volatility
GRID vs. NLR - Volatility Comparison
The current volatility for First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) is 4.75%, while VanEck Vectors Uranium+Nuclear Energy ETF (NLR) has a volatility of 7.74%. This indicates that GRID experiences smaller price fluctuations and is considered to be less risky than NLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.