GRID vs. SPY
Compare and contrast key facts about First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) and SPDR S&P 500 ETF (SPY).
GRID and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both GRID and SPY 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 SPY.
Performance
GRID vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, GRID achieves a 18.57% return, which is significantly lower than SPY's 24.40% return. Over the past 10 years, GRID has outperformed SPY with an annualized return of 14.93%, while SPY has yielded a comparatively lower 13.04% annualized return.
GRID
18.57%
-1.88%
3.60%
32.11%
20.23%
14.93%
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| GRID | SPY | |
|---|---|---|
| Sharpe Ratio | 1.91 | 2.64 |
| Sortino Ratio | 2.59 | 3.53 |
| Omega Ratio | 1.32 | 1.49 |
| Calmar Ratio | 2.61 | 3.81 |
| Martin Ratio | 11.09 | 17.21 |
| Ulcer Index | 2.92% | 1.86% |
| Daily Std Dev | 16.95% | 12.15% |
| Max Drawdown | -40.55% | -55.19% |
| Current Drawdown | -4.22% | -2.17% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GRID vs. SPY - Expense Ratio Comparison
GRID has a 0.70% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between GRID and SPY is 0.71, 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. SPY - 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 SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
GRID's dividend yield for the trailing twelve months is around 1.09%, less than SPY's 1.20% 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% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
GRID vs. SPY - Drawdown Comparison
The maximum GRID drawdown since its inception was -40.55%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GRID and SPY. For additional features, visit the drawdowns tool.
Volatility
GRID vs. SPY - Volatility Comparison
First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) has a higher volatility of 4.75% compared to SPDR S&P 500 ETF (SPY) at 4.08%. This indicates that GRID's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.