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GRID vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


GRIDQQQ
YTD Return18.36%17.99%
1Y Return15.77%25.76%
3Y Return (Ann)11.86%11.20%
5Y Return (Ann)22.41%21.20%
10Y Return (Ann)14.71%18.50%
Sharpe Ratio1.041.69
Daily Std Dev15.92%15.84%
Max Drawdown-40.55%-82.98%
Current Drawdown0.00%-4.21%

Correlation

-0.50.00.51.00.6

The correlation between GRID and QQQ is 0.63, 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.

Performance

GRID vs. QQQ - Performance Comparison

The year-to-date returns for both stocks are quite close, with GRID having a 18.36% return and QQQ slightly lower at 17.99%. Over the past 10 years, GRID has underperformed QQQ with an annualized return of 14.71%, while QQQ has yielded a comparatively higher 18.50% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


200.00%400.00%600.00%800.00%1,000.00%1,200.00%FebruaryMarchAprilMayJuneJuly
379.00%
1,133.10%
GRID
QQQ

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First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index

Invesco QQQ

GRID vs. QQQ - Expense Ratio Comparison

GRID has a 0.70% expense ratio, which is higher than QQQ's 0.20% expense ratio.


GRID
First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index
Expense ratio chart for GRID: current value at 0.70% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.70%
Expense ratio chart for QQQ: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Risk-Adjusted Performance

GRID vs. QQQ - 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 Invesco QQQ (QQQ). 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
Sharpe ratio
The chart of Sharpe ratio for GRID, currently valued at 0.99, compared to the broader market0.002.004.006.000.99
Sortino ratio
The chart of Sortino ratio for GRID, currently valued at 1.47, compared to the broader market0.005.0010.001.47
Omega ratio
The chart of Omega ratio for GRID, currently valued at 1.18, compared to the broader market1.002.003.001.18
Calmar ratio
The chart of Calmar ratio for GRID, currently valued at 0.76, compared to the broader market0.005.0010.0015.0020.000.76
Martin ratio
The chart of Martin ratio for GRID, currently valued at 2.00, compared to the broader market0.0050.00100.00150.002.00
QQQ
Sharpe ratio
The chart of Sharpe ratio for QQQ, currently valued at 1.69, compared to the broader market0.002.004.006.001.69
Sortino ratio
The chart of Sortino ratio for QQQ, currently valued at 2.31, compared to the broader market0.005.0010.002.31
Omega ratio
The chart of Omega ratio for QQQ, currently valued at 1.29, compared to the broader market1.002.003.001.29
Calmar ratio
The chart of Calmar ratio for QQQ, currently valued at 1.94, compared to the broader market0.005.0010.0015.0020.001.94
Martin ratio
The chart of Martin ratio for QQQ, currently valued at 8.04, compared to the broader market0.0050.00100.00150.008.04

GRID vs. QQQ - Sharpe Ratio Comparison

The current GRID Sharpe Ratio is 1.04, which is lower than the QQQ Sharpe Ratio of 1.69. The chart below compares the 12-month rolling Sharpe Ratio of GRID and QQQ.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00FebruaryMarchAprilMayJuneJuly
0.99
1.69
GRID
QQQ

Dividends

GRID vs. QQQ - Dividend Comparison

GRID's dividend yield for the trailing twelve months is around 1.02%, more than QQQ's 0.60% yield.


TTM20232022202120202019201820172016201520142013
GRID
First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index
1.02%1.23%1.26%0.63%0.68%1.26%1.28%1.07%1.07%1.23%1.46%1.35%
QQQ
Invesco QQQ
0.60%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%1.01%

Drawdowns

GRID vs. QQQ - Drawdown Comparison

The maximum GRID drawdown since its inception was -40.55%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for GRID and QQQ. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%FebruaryMarchAprilMayJuneJuly0
-4.21%
GRID
QQQ

Volatility

GRID vs. QQQ - Volatility Comparison

The current volatility for First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) is 4.10%, while Invesco QQQ (QQQ) has a volatility of 4.98%. This indicates that GRID experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.50%3.00%3.50%4.00%4.50%5.00%5.50%6.00%FebruaryMarchAprilMayJuneJuly
4.10%
4.98%
GRID
QQQ