PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
GRID vs. RNWZ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GRID vs. RNWZ

Last updated Jun 14, 2026

GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) and RNWZ (TrueShares Eagle Global Renewable Energy Income ETF) are both exchange-traded funds - GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index, while RNWZ is a Energy Equities fund actively managed by TrueShares. GRID is passively managed, while RNWZ is actively managed. Over the past 3 years, GRID returned 23.21%/yr vs 11.78%/yr for RNWZ. A 0.56 correlation means they provide meaningful diversification when combined. GRID charges 0.70%/yr vs 0.75%/yr for RNWZ.

Performance

GRID vs. RNWZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) and TrueShares Eagle Global Renewable Energy Income ETF (RNWZ). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, GRID achieves a 23.59% return, which is significantly higher than RNWZ's 15.40% 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%

RNWZ

1D
0.06%
1M
-1.79%
YTD
15.40%
6M
17.62%
1Y
34.43%
3Y*
11.78%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

GRID vs. RNWZ - Yearly Performance Comparison

2026 (YTD)2025202420232022
GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund		23.59%29.65%15.18%21.57%-4.81%
RNWZ
TrueShares Eagle Global Renewable Energy Income ETF		15.40%36.33%-7.36%-3.89%-0.74%

Correlation

The correlation between GRID and RNWZ is 0.56, 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

0.56

Correlation (3Y)
Calculated over the trailing 3-year period

0.54

Correlation (All Time)
Calculated using the full available price history since Dec 9, 2022

0.56

The correlation between GRID and RNWZ has been stable across timeframes, ranging from 0.54 to 0.56 - a consistent structural relationship.

GRID vs. RNWZ - Sectors Allocation Comparison

Sectors
GRID
RNWZ

Industrials

24.4%
5.3%

Technology

12.6%

-

Utilities

3.9%
40.6%

Consumer Cyclical

2.4%

-

Energy

1.6%
3.9%

Basic Materials

0.0%
4.8%

Communication Services

-

-

Consumer Defensive

-

-

Financial Services

-

6.3%

Healthcare

-

-

Real Estate

-

3.2%

Industrials

GRID
24.4%
RNWZ
5.3%

Technology

GRID
12.6%
RNWZ

-

Utilities

GRID
3.9%
RNWZ
40.6%

Consumer Cyclical

GRID
2.4%
RNWZ

-

Energy

GRID
1.6%
RNWZ
3.9%

Basic Materials

GRID
0.0%
RNWZ
4.8%

Communication Services

GRID

-

RNWZ

-

Consumer Defensive

GRID

-

RNWZ

-

Financial Services

GRID

-

RNWZ
6.3%

Healthcare

GRID

-

RNWZ

-

Real Estate

GRID

-

RNWZ
3.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

TrueShares Eagle Global Renewable Energy Income ETF

Often compared with GRID:
GRID vs. ICLNGRID vs. NLRGRID vs. VOOGRID vs. POWRGRID vs. FIWGRID vs. VOLTGRID vs. QCLN
Often compared with RNWZ:
RNWZ vs. VCLNRNWZ vs. ECLNRNWZ vs. COPJRNWZ vs. XLEIRNWZ vs. NUKZRNWZ vs. CRAKRNWZ vs. XLE

Return for Risk

GRID vs. RNWZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GRID
GRID Risk / Return Rank: 7373
Overall Rank
GRID Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
GRID Sortino Ratio Rank: 6969
Sortino Ratio Rank
GRID Omega Ratio Rank: 6969
Omega Ratio Rank
GRID Calmar Ratio Rank: 7979
Calmar Ratio Rank
GRID Martin Ratio Rank: 7878
Martin Ratio Rank
RNWZ
RNWZ Risk / Return Rank: 8080
Overall Rank
RNWZ Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
RNWZ Sortino Ratio Rank: 7878
Sortino Ratio Rank
RNWZ Omega Ratio Rank: 7676
Omega Ratio Rank
RNWZ Calmar Ratio Rank: 8989
Calmar Ratio Rank
RNWZ Martin Ratio Rank: 7777
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GRID vs. RNWZ - 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 TrueShares Eagle Global Renewable Energy Income ETF (RNWZ). 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.

GRIDRNWZDifference
Sharpe ratioReturn per unit of total volatility
2.02
2.23

-0.21

Sortino ratioReturn per unit of downside risk
2.70
3.04

-0.34

Omega ratioGain probability vs. loss probability

1.35

1.39

-0.04

Calmar ratioReturn relative to maximum drawdown

3.57

4.81

-1.23

Martin ratioReturn relative to average drawdown

12.89

12.90

-0.01

GRID vs. RNWZ - Sharpe Ratio Comparison

The current GRID Sharpe Ratio is 2.02, which is comparable to the RNWZ Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of GRID and RNWZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

GRID vs. RNWZ - Drawdown Comparison

The maximum GRID drawdown since its inception was -40.56%, which is greater than RNWZ's maximum drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for GRID and RNWZ.

Loading charts...

Drawdown Indicators

GRIDRNWZDifference

Max Drawdown

Largest peak-to-trough decline

-40.56%

-24.90%

-15.66%

Max Drawdown (1Y)

Largest decline over 1 year

-11.73%

-7.07%

-4.66%

Max Drawdown (3Y)

Largest decline over 3 years

-20.77%

-24.74%

+3.97%

Max Drawdown (5Y)

Largest decline over 5 years

-29.64%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-40.56%

—

—

Current Drawdown

Current decline from peak

-5.40%

-5.19%

-0.21%

Average Drawdown

Average peak-to-trough decline

-8.42%

-7.17%

-1.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.25%

2.63%

+0.62%

Volatility

GRID vs. RNWZ - Volatility Comparison

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a higher volatility of 9.56% compared to TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) at 5.01%. This indicates that GRID's price experiences larger fluctuations and is considered to be riskier than RNWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

GRIDRNWZDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.56%

5.01%

+4.55%

Volatility (6M)

Calculated over the trailing 6-month period

17.70%

12.10%

+5.60%

Volatility (1Y)

Calculated over the trailing 1-year period

20.73%

15.25%

+5.48%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.24%

16.98%

+4.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.90%

16.98%

+5.92%

GRID vs. RNWZ - Expense Ratio Comparison

GRID has a 0.70% expense ratio, which is lower than RNWZ's 0.75% expense ratio.

Dividends

GRID vs. RNWZ - Dividend Comparison

GRID's dividend yield for the trailing twelve months is around 0.80%, less than RNWZ's 1.94% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
RNWZ
TrueShares Eagle Global Renewable Energy Income ETF		1.94%2.12%2.36%3.87%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

GRID and RNWZ have a correlation of 0.56, 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 RNWZ (5.01%). In terms of maximum drawdown, GRID dropped -40.56% vs RNWZ's -24.90%.

On 3-year performance, GRID leads with 23.21% vs 11.78% for RNWZ. On fees, GRID is cheaper at 0.70% per year. On volatility, RNWZ has been the lower-risk option at 5.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, GRID has performed better with a 23.21% return vs 11.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

GRID is cheaper with a 0.70% expense ratio, compared with 0.75% for RNWZ.

RNWZ has the higher dividend yield at 1.94%, compared with 0.80% for GRID.

GRID is categorized as Alternative Energy Equities, while RNWZ is Energy Equities. They also come from different issuers: First Trust and TrueShares. Their fees differ too: 0.70% for GRID and 0.75% for RNWZ.

RNWZ currently has the higher Sharpe Ratio (2.23 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.

Portfolio Optimizer

Find the right allocation for GRID and RNWZ

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer