GRID vs. QTUM
Compare and contrast key facts about First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) and Defiance Quantum ETF (QTUM).
GRID and QTUM 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. QTUM is a passively managed fund by Defiance ETFs that tracks the performance of the BlueStar Machine Learning and Quantum Computing Index. It was launched on Sep 5, 2018. Both GRID and QTUM 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 QTUM.
Performance
GRID vs. QTUM - Performance Comparison
Returns By Period
In the year-to-date period, GRID achieves a 18.57% return, which is significantly lower than QTUM's 19.64% return.
GRID
18.57%
-1.88%
3.60%
32.11%
20.23%
14.93%
QTUM
19.64%
2.54%
5.34%
31.80%
19.12%
N/A
Key characteristics
| GRID | QTUM | |
|---|---|---|
| Sharpe Ratio | 1.91 | 1.43 |
| Sortino Ratio | 2.59 | 1.99 |
| Omega Ratio | 1.32 | 1.25 |
| Calmar Ratio | 2.61 | 1.81 |
| Martin Ratio | 11.09 | 5.55 |
| Ulcer Index | 2.92% | 5.59% |
| Daily Std Dev | 16.95% | 21.74% |
| Max Drawdown | -40.55% | -38.45% |
| Current Drawdown | -4.22% | -3.50% |
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GRID vs. QTUM - Expense Ratio Comparison
GRID has a 0.70% expense ratio, which is higher than QTUM's 0.40% expense ratio.
Correlation
The correlation between GRID and QTUM is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
GRID vs. QTUM - 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 Defiance Quantum ETF (QTUM). 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. QTUM - Dividend Comparison
GRID's dividend yield for the trailing twelve months is around 1.09%, more than QTUM's 0.78% 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% |
QTUM Defiance Quantum ETF | 0.78% | 0.81% | 1.46% | 0.48% | 0.45% | 0.61% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GRID vs. QTUM - Drawdown Comparison
The maximum GRID drawdown since its inception was -40.55%, which is greater than QTUM's maximum drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for GRID and QTUM. For additional features, visit the drawdowns tool.
Volatility
GRID vs. QTUM - Volatility Comparison
The current volatility for First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) is 4.75%, while Defiance Quantum ETF (QTUM) has a volatility of 6.71%. This indicates that GRID experiences smaller price fluctuations and is considered to be less risky than QTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.