GRID vs. PHSP.L
GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) and PHSP.L (WisdomTree Physical Silver) are both exchange-traded funds - GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index, while PHSP.L is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, GRID returned 18.48%/yr vs 10.36%/yr for PHSP.L. At a 0.18 correlation, their price movements are largely independent. GRID charges 0.70%/yr vs 0.49%/yr for PHSP.L.
Performance
GRID vs. PHSP.L - Performance Comparison
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Different Trading Currencies
GRID is traded in USD, while PHSP.L is traded in GBp. To make them comparable, the PHSP.L 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 PHSP.L's -22.06% return. Over the past 10 years, GRID has outperformed PHSP.L with an annualized return of 18.48%, while PHSP.L has yielded a comparatively lower 10.36% 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%
PHSP.L
- 1D
- -0.85%
- 1M
- -15.21%
- 6M
- -37.09%
- YTD
- -22.06%
- 1Y
- 45.98%
- 3Y*
- 30.06%
- 5Y*
- 16.27%
- 10Y*
- 10.36%
GRID vs. PHSP.L - 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% |
PHSP.L WisdomTree Physical Silver | -22.06% | 147.01% | 20.80% | -1.58% | 3.15% | -12.90% | 45.17% | 17.09% | -9.01% | 3.31% |
Correlation
The correlation between GRID and PHSP.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2009 | 0.18 |
The correlation between GRID and PHSP.L shifts across timeframes, from 0.18 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GRID vs. PHSP.L — Risk / Return Rank
GRID
PHSP.L
GRID vs. PHSP.L - 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 Physical Silver (PHSP.L). 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 | PHSP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.18 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 0.90 | +1.27 |
| Martin ratioReturn relative to average drawdown | 6.68 | 1.88 | +4.80 |
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Drawdowns
GRID vs. PHSP.L - Drawdown Comparison
The maximum GRID drawdown since its inception was -40.56%, smaller than the maximum PHSP.L drawdown of -77.00%. Use the drawdown chart below to compare losses from any high point for GRID and PHSP.L.
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Drawdown Indicators
| GRID | PHSP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -77.00% | +36.44% |
Max Drawdown (1Y)Largest decline over 1 year | -11.73% | -51.10% | +39.37% |
Max Drawdown (3Y)Largest decline over 3 years | -20.62% | -51.10% | +30.48% |
Max Drawdown (5Y)Largest decline over 5 years | -29.64% | -51.10% | +21.46% |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | -51.10% | +10.54% |
Current DrawdownCurrent decline from peak | -10.63% | -51.10% | +40.47% |
Average DrawdownAverage peak-to-trough decline | -8.41% | -52.70% | +44.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 24.68% | -20.86% |
Volatility
GRID vs. PHSP.L - Volatility Comparison
The current volatility for First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) is 8.77%, while WisdomTree Physical Silver (PHSP.L) has a volatility of 12.83%. This indicates that GRID experiences smaller price fluctuations and is considered to be less risky than PHSP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRID | PHSP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.77% | 12.83% | -4.06% |
Volatility (6M)Calculated over the trailing 6-month period | 19.36% | 52.05% | -32.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.18% | 57.89% | -35.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.53% | 38.49% | -16.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.71% | 32.47% | -9.76% |
GRID vs. PHSP.L - Expense Ratio Comparison
GRID has a 0.70% expense ratio, which is higher than PHSP.L's 0.49% expense ratio.
Dividends
GRID vs. PHSP.L - Dividend Comparison
GRID's dividend yield for the trailing twelve months is around 0.80%, while PHSP.L 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% |
PHSP.L WisdomTree Physical Silver | 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 PHSP.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PHSP.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PHSP.L is cheaper with a 0.49% expense ratio, compared with 0.70% for GRID.
GRID is categorized as Alternative Energy Equities, while PHSP.L is Silver. GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index, while PHSP.L tracks LBMA Silver Price. They also come from different issuers: First Trust and WisdomTree. Their fees differ too: 0.70% for GRID and 0.49% for PHSP.L.
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