GRID vs. OPPJ
GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) and OPPJ (WisdomTree Japan Opportunities ETF) are both exchange-traded funds - GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index, while OPPJ is a Japan Equities fund tracking the WisdomTree Japan Opportunities Index. Both are passively managed. Over the past 10 years, GRID returned 19.76%/yr vs 17.80%/yr for OPPJ. At a 0.47 correlation, their price movements are largely independent. GRID charges 0.70%/yr vs 0.58%/yr for OPPJ.
Performance
GRID vs. OPPJ - Performance Comparison
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Returns By Period
In the year-to-date period, GRID achieves a 23.59% return, which is significantly lower than OPPJ's 26.23% return. Over the past 10 years, GRID has outperformed OPPJ with an annualized return of 19.76%, while OPPJ has yielded a comparatively lower 17.80% annualized return.
GRID
- 1D
- -0.18%
- 1M
- -4.22%
- YTD
- 23.59%
- 6M
- 24.02%
- 1Y
- 43.17%
- 3Y*
- 23.21%
- 5Y*
- 16.83%
- 10Y*
- 19.76%
OPPJ
- 1D
- 1.04%
- 1M
- -4.22%
- YTD
- 26.23%
- 6M
- 27.08%
- 1Y
- 64.16%
- 3Y*
- 33.91%
- 5Y*
- 25.20%
- 10Y*
- 17.80%
GRID vs. OPPJ - 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 | 23.59% | 29.65% | 15.18% | 21.57% | -13.89% | 27.65% | 48.84% | 42.80% | -22.69% | 27.44% |
OPPJ WisdomTree Japan Opportunities ETF | 26.23% | 37.08% | 20.70% | 38.96% | 5.02% | 11.66% | -3.22% | 18.24% | -18.69% | 29.56% |
Correlation
The correlation between GRID and OPPJ is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2013 | 0.47 |
The correlation between GRID and OPPJ has been stable across timeframes, ranging from 0.47 to 0.55 - a consistent structural relationship.
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Return for Risk
GRID vs. OPPJ — Risk / Return Rank
GRID
OPPJ
GRID vs. OPPJ - 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 WisdomTree Japan Opportunities ETF (OPPJ). 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 | OPPJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.53 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 6.58 | -3.01 |
| Martin ratioReturn relative to average drawdown | 12.89 | 22.36 | -9.47 |
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Drawdowns
GRID vs. OPPJ - Drawdown Comparison
The maximum GRID drawdown since its inception was -40.56%, roughly equal to the maximum OPPJ drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for GRID and OPPJ.
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Drawdown Indicators
| GRID | OPPJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -39.30% | -1.26% |
Max Drawdown (1Y)Largest decline over 1 year | -11.73% | -9.82% | -1.91% |
Max Drawdown (3Y)Largest decline over 3 years | -20.77% | -16.49% | -4.28% |
Max Drawdown (5Y)Largest decline over 5 years | -29.64% | -16.49% | -13.15% |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | -39.30% | -1.26% |
Current DrawdownCurrent decline from peak | -5.40% | -4.22% | -1.18% |
Average DrawdownAverage peak-to-trough decline | -8.42% | -6.49% | -1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 2.89% | +0.36% |
Volatility
GRID vs. OPPJ - Volatility Comparison
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a higher volatility of 9.56% compared to WisdomTree Japan Opportunities ETF (OPPJ) at 5.83%. This indicates that GRID's price experiences larger fluctuations and is considered to be riskier than OPPJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRID | OPPJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.56% | 5.83% | +3.73% |
Volatility (6M)Calculated over the trailing 6-month period | 17.70% | 15.99% | +1.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.73% | 20.10% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.24% | 18.15% | +3.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.90% | 19.73% | +3.17% |
GRID vs. OPPJ - Expense Ratio Comparison
GRID has a 0.70% expense ratio, which is higher than OPPJ's 0.58% expense ratio.
Dividends
GRID vs. OPPJ - Dividend Comparison
GRID's dividend yield for the trailing twelve months is around 0.80%, less than OPPJ's 1.50% yield.
| 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% |
OPPJ WisdomTree Japan Opportunities ETF | 1.50% | 1.78% | 4.02% | 2.71% | 2.63% | 2.96% | 3.04% | 2.17% | 2.06% | 1.53% | 1.66% | 3.61% |
Frequently Asked Questions
GRID and OPPJ have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRID has higher volatility (9.56%) compared to OPPJ (5.83%). In terms of maximum drawdown, GRID dropped -40.56% vs OPPJ's -39.30%.
On 10-year performance, GRID leads with 19.76% vs 17.80% for OPPJ. On fees, OPPJ is cheaper at 0.58% per year. On volatility, OPPJ has been the lower-risk option at 5.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GRID has performed better with a 19.76% return vs 17.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OPPJ is cheaper with a 0.58% expense ratio, compared with 0.70% for GRID.
OPPJ has the higher dividend yield at 1.50%, compared with 0.80% for GRID.
GRID is categorized as Alternative Energy Equities, while OPPJ is Japan Equities. GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index, while OPPJ tracks WisdomTree Japan Opportunities Index. They also come from different issuers: First Trust and WisdomTree. Their fees differ too: 0.70% for GRID and 0.58% for OPPJ.
OPPJ currently has the higher Sharpe Ratio (3.22 vs 2.02), 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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