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GRID vs. VOO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


GRIDVOO
YTD Return12.95%16.29%
1Y Return11.47%23.22%
3Y Return (Ann)9.84%10.10%
5Y Return (Ann)21.16%14.95%
10Y Return (Ann)13.97%12.82%
Sharpe Ratio0.651.99
Daily Std Dev16.21%11.27%
Max Drawdown-40.55%-33.99%
Current Drawdown-4.57%-2.79%

Correlation

-0.50.00.51.00.7

The correlation between GRID and VOO is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Performance

GRID vs. VOO - Performance Comparison

In the year-to-date period, GRID achieves a 12.95% return, which is significantly lower than VOO's 16.29% return. Over the past 10 years, GRID has outperformed VOO with an annualized return of 13.97%, while VOO has yielded a comparatively lower 12.82% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


300.00%350.00%400.00%450.00%500.00%550.00%FebruaryMarchAprilMayJuneJuly
370.50%
548.69%
GRID
VOO

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First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index

Vanguard S&P 500 ETF

GRID vs. VOO - Expense Ratio Comparison

GRID has a 0.70% expense ratio, which is higher than VOO's 0.03% expense ratio.


GRID
First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index
Expense ratio chart for GRID: current value at 0.70% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.70%
Expense ratio chart for VOO: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Risk-Adjusted Performance

GRID vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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.


GRID
Sharpe ratio
The chart of Sharpe ratio for GRID, currently valued at 0.65, compared to the broader market0.002.004.006.000.65
Sortino ratio
The chart of Sortino ratio for GRID, currently valued at 1.01, compared to the broader market0.005.0010.0015.001.01
Omega ratio
The chart of Omega ratio for GRID, currently valued at 1.12, compared to the broader market1.002.003.001.12
Calmar ratio
The chart of Calmar ratio for GRID, currently valued at 0.51, compared to the broader market0.005.0010.0015.0020.000.51
Martin ratio
The chart of Martin ratio for GRID, currently valued at 1.39, compared to the broader market0.0050.00100.00150.001.39
VOO
Sharpe ratio
The chart of Sharpe ratio for VOO, currently valued at 1.99, compared to the broader market0.002.004.006.001.99
Sortino ratio
The chart of Sortino ratio for VOO, currently valued at 2.80, compared to the broader market0.005.0010.0015.002.80
Omega ratio
The chart of Omega ratio for VOO, currently valued at 1.35, compared to the broader market1.002.003.001.35
Calmar ratio
The chart of Calmar ratio for VOO, currently valued at 1.93, compared to the broader market0.005.0010.0015.0020.001.93
Martin ratio
The chart of Martin ratio for VOO, currently valued at 7.76, compared to the broader market0.0050.00100.00150.007.76

GRID vs. VOO - Sharpe Ratio Comparison

The current GRID Sharpe Ratio is 0.65, which is lower than the VOO Sharpe Ratio of 1.99. The chart below compares the 12-month rolling Sharpe Ratio of GRID and VOO.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00FebruaryMarchAprilMayJuneJuly
0.65
1.99
GRID
VOO

Dividends

GRID vs. VOO - Dividend Comparison

GRID's dividend yield for the trailing twelve months is around 1.07%, less than VOO's 1.31% yield.


TTM20232022202120202019201820172016201520142013
GRID
First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index
1.07%1.23%1.26%0.63%0.68%1.26%1.28%1.07%1.07%1.23%1.46%1.35%
VOO
Vanguard S&P 500 ETF
1.31%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%1.85%1.84%

Drawdowns

GRID vs. VOO - Drawdown Comparison

The maximum GRID drawdown since its inception was -40.55%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for GRID and VOO. For additional features, visit the drawdowns tool.


-7.00%-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%FebruaryMarchAprilMayJuneJuly
-4.57%
-2.79%
GRID
VOO

Volatility

GRID vs. VOO - Volatility Comparison

First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) has a higher volatility of 5.18% compared to Vanguard S&P 500 ETF (VOO) at 2.72%. This indicates that GRID's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%FebruaryMarchAprilMayJuneJuly
5.18%
2.72%
GRID
VOO