GRID vs. URAN
GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) and URAN (Themes Uranium & Nuclear ETF) are both exchange-traded funds - GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index, while URAN is a Uranium fund tracking the BITA Global Uranium and Nuclear Select Index. Both are passively managed. Over the past year, GRID returned 42.41% vs 11.93% for URAN. A 0.60 correlation means they provide meaningful diversification when combined. GRID charges 0.70%/yr vs 0.35%/yr for URAN.
Performance
GRID vs. URAN - Performance Comparison
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Returns By Period
In the year-to-date period, GRID achieves a 23.40% return, which is significantly higher than URAN's -3.44% return.
GRID
- 1D
- -4.46%
- 1M
- -1.96%
- YTD
- 23.40%
- 6M
- 22.11%
- 1Y
- 42.41%
- 3Y*
- 24.21%
- 5Y*
- 16.63%
- 10Y*
- 19.95%
URAN
- 1D
- -1.32%
- 1M
- -5.33%
- YTD
- -3.44%
- 6M
- -5.94%
- 1Y
- 11.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GRID vs. URAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 23.40% | 29.65% | -5.15% |
URAN Themes Uranium & Nuclear ETF | -3.44% | 49.05% | 3.89% |
Correlation
The correlation between GRID and URAN is 0.60, 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 | 0.60 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2024 | 0.60 |
The correlation between GRID and URAN has been stable across timeframes, ranging from 0.60 to 0.60 - a consistent structural relationship.
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Return for Risk
GRID vs. URAN — Risk / Return Rank
GRID
URAN
GRID vs. URAN - 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 Themes Uranium & Nuclear ETF (URAN). 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 | URAN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.08 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | 0.39 | +3.25 |
| Martin ratioReturn relative to average drawdown | 12.92 | 0.85 | +12.07 |
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Drawdowns
GRID vs. URAN - Drawdown Comparison
The maximum GRID drawdown since its inception was -40.56%, which is greater than URAN's maximum drawdown of -31.96%. Use the drawdown chart below to compare losses from any high point for GRID and URAN.
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Drawdown Indicators
| GRID | URAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -31.96% | -8.60% |
Max Drawdown (1Y)Largest decline over 1 year | -11.73% | -31.02% | +19.29% |
Max Drawdown (3Y)Largest decline over 3 years | -20.77% | — | — |
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 | -5.55% | -26.70% | +21.15% |
Average DrawdownAverage peak-to-trough decline | -8.42% | -11.20% | +2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 14.06% | -10.77% |
Volatility
GRID vs. URAN - Volatility Comparison
The current volatility for First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) is 10.12%, while Themes Uranium & Nuclear ETF (URAN) has a volatility of 13.40%. This indicates that GRID experiences smaller price fluctuations and is considered to be less risky than URAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRID | URAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.12% | 13.40% | -3.28% |
Volatility (6M)Calculated over the trailing 6-month period | 18.23% | 30.44% | -12.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.26% | 39.64% | -18.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.37% | 39.40% | -18.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.80% | 39.40% | -16.60% |
GRID vs. URAN - Expense Ratio Comparison
GRID has a 0.70% expense ratio, which is higher than URAN's 0.35% expense ratio.
Dividends
GRID vs. URAN - Dividend Comparison
GRID's dividend yield for the trailing twelve months is around 0.80%, less than URAN's 2.65% 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 | 0.80% | 1.01% | 1.06% | 1.23% | 1.26% | 0.63% | 0.68% | 1.26% | 1.28% | 1.07% | 1.07% | 1.23% |
URAN Themes Uranium & Nuclear ETF | 2.65% | 2.56% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GRID and URAN have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
URAN has higher volatility (13.40%) compared to GRID (10.12%). In terms of maximum drawdown, GRID dropped -40.56% vs URAN's -31.96%.
On 1-year performance, GRID leads with 42.41% vs 11.93% for URAN. On fees, URAN is cheaper at 0.35% per year. On volatility, GRID has been the lower-risk option at 10.12%. 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 42.41% return vs 11.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
URAN is cheaper with a 0.35% expense ratio, compared with 0.70% for GRID.
URAN has the higher dividend yield at 2.65%, compared with 0.80% for GRID.
GRID is categorized as Alternative Energy Equities, while URAN is Uranium. GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index, while URAN tracks BITA Global Uranium and Nuclear Select Index. They also come from different issuers: First Trust and Themes. Their fees differ too: 0.70% for GRID and 0.35% for URAN.
GRID currently has the higher Sharpe Ratio (2.01 vs 0.30), 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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