GRID vs. RBIL
GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both exchange-traded funds - GRID is a Infrastructure Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index, while RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index. Both are passively managed. Over the past year, GRID returned 30.04% vs 3.92% for RBIL. Their -0.21 correlation means they have often moved in opposite directions in the past. GRID charges 0.70%/yr vs 0.17%/yr for RBIL.
Performance
GRID vs. RBIL - Performance Comparison
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Returns By Period
In the year-to-date period, GRID achieves a 19.50% return, which is significantly higher than RBIL's 2.68% return.
GRID
- 1D
- 1.49%
- 1M
- -1.17%
- 6M
- 10.03%
- YTD
- 19.50%
- 1Y
- 30.04%
- 3Y*
- 22.76%
- 5Y*
- 14.44%
- 10Y*
- 18.61%
- ALL TIME*
- 12.60%
RBIL
- 1D
- -0.02%
- 1M
- 0.24%
- 6M
- 2.36%
- YTD
- 2.68%
- 1Y
- 3.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $102.61M | $99.71M | $138.67M | |
| $1.11M | $1.90M | $2.32M |
GRID vs. RBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 19.50% | 28.80% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 2.68% | 2.85% |
Correlation
The correlation between GRID and RBIL is -0.22, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.22 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025 | -0.21 |
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Return for Risk
GRID vs. RBIL — Risk / Return Rank
GRID
RBIL
GRID vs. RBIL - 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 F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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 | RBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.80 | ||
| Sortino ratioReturn per unit of downside risk | -4.50 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 2.05 | -0.81 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 7.00 | -5.09 |
| Martin ratioReturn relative to average drawdown | 6.77 | 28.60 | -21.83 |
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Drawdowns
GRID vs. RBIL - Drawdown Comparison
The maximum GRID drawdown since its inception was -40.56%, which is greater than RBIL's maximum drawdown of -0.56%. Use the drawdown chart below to compare losses from any high point for GRID and RBIL.
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Drawdown Indicators
| GRID | RBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -0.56% | -40.00% |
Max Drawdown (1Y)Largest decline over 1 year | -15.82% | -0.56% | -15.26% |
Max Drawdown (3Y)Largest decline over 3 years | -20.62% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | — | — |
Current DrawdownCurrent decline from peak | -8.53% | -0.15% | -8.38% |
Average DrawdownAverage peak-to-trough decline | -8.42% | -0.08% | -8.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.45% | 0.14% | +4.31% |
Volatility
GRID vs. RBIL - Volatility Comparison
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a higher volatility of 8.94% compared to F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) at 0.30%. This indicates that GRID's price experiences larger fluctuations and is considered to be riskier than RBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRID | RBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.94% | 0.30% | +8.64% |
Volatility (6M)Calculated over the trailing 6-month period | 20.34% | 0.90% | +19.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.13% | 0.96% | +22.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.70% | 1.06% | +20.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.83% | 1.06% | +21.77% |
GRID vs. RBIL - Expense Ratio Comparison
GRID has a 0.70% expense ratio, which is higher than RBIL's 0.17% expense ratio.
Dividends
GRID vs. RBIL - Dividend Comparison
GRID's dividend yield for the trailing twelve months is around 0.79%, less than RBIL's 4.16% 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 | 0.79% | 1.01% | 1.06% | 1.23% | 1.26% | 0.63% | 0.68% | 1.26% | 1.28% | 1.07% | 1.07% | 1.23% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 4.16% | 3.65% | 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 RBIL have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRID has higher volatility (8.94%) compared to RBIL (0.30%). In terms of maximum drawdown, GRID dropped -40.56% vs RBIL's -0.56%.
On 1-year performance, GRID leads with 30.04% vs 3.92% for RBIL. On fees, RBIL is cheaper at 0.17% per year. On volatility, RBIL has been the lower-risk option at 0.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GRID has performed better with a 30.04% return vs 3.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RBIL is cheaper with a 0.17% expense ratio, compared with 0.70% for GRID.
RBIL has the higher dividend yield at 4.16%, compared with 0.79% for GRID.
GRID is categorized as Infrastructure Equities, while RBIL is Inflation-Protected Bonds. GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index, while RBIL tracks Bloomberg US Ultrashort TIPS 1-13 Months Index. They also come from different issuers: First Trust and F/m. Their fees differ too: 0.70% for GRID and 0.17% for RBIL.
RBIL currently has the higher Sharpe Ratio (4.11 vs 1.31), 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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