HYDR vs. GRID

Last updated Jun 5, 2026

HYDR (Global X Hydrogen ETF) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both Alternative Energy Equities funds - HYDR tracks the Solactive Global Hydrogen Index - Benchmark TR Net while GRID tracks the Nasdaq Clean Edge Smart Grid Infrastructure Index. Both are passively managed. Over the past 3 years, HYDR returned 14.46%/yr vs 26.57%/yr for GRID. A 0.68 correlation means they provide meaningful diversification when combined. HYDR charges 0.50%/yr vs 0.70%/yr for GRID.

Performance

HYDR vs. GRID - Performance Comparison

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

Returns By Period

In the year-to-date period, HYDR achieves a 101.95% return, which is significantly higher than GRID's 28.82% return.

HYDR

• 1D: -3.90%
• 1M: 2.47%
• YTD: 101.95%
• 6M: 76.41%
• 1Y: 232.59%
• 3Y*: 14.46%
• 5Y*: —
• 10Y*: —

GRID

• 1D: -0.07%
• 1M: 1.81%
• YTD: 28.82%
• 6M: 28.40%
• 1Y: 50.60%
• 3Y*: 26.57%
• 5Y*: 17.83%
• 10Y*: 19.50%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HYDR vs. GRID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HYDR Global X Hydrogen ETF	101.95%	43.73%	-33.08%	-36.49%	-47.24%	-13.89%
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	28.82%	29.65%	15.18%	21.57%	-13.89%	10.48%

Correlation

The correlation between HYDR and GRID is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021	0.68

The correlation between HYDR and GRID has been stable across timeframes, ranging from 0.63 to 0.68 - a consistent structural relationship.

HYDR vs. GRID - Sectors Allocation Comparison

Sectors	HYDR	GRID
Industrials	84.7%	65.2%
Basic Materials	2.4%	0.0%
Consumer Cyclical	2.3%	3.5%
Technology	0.5%	11.0%
Energy	0.4%	-
Communication Services	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	20.4%

Return for Risk

HYDR vs. GRID — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYDR

HYDR Risk / Return Rank: 91
HYDR Sharpe Ratio Rank: 96
HYDR Sortino Ratio Rank: 92
HYDR Omega Ratio Rank: 85
HYDR Calmar Ratio Rank: 95
HYDR Martin Ratio Rank: 87

GRID

GRID Risk / Return Rank: 80
GRID Sharpe Ratio Rank: 82
GRID Sortino Ratio Rank: 78
GRID Omega Ratio Rank: 76
GRID Calmar Ratio Rank: 83
GRID Martin Ratio Rank: 82

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.

HYDR vs. GRID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Hydrogen ETF (HYDR) and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). 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.

	HYDR	GRID	Difference
Sharpe ratio: Return per unit of total volatility	4.32	2.62	+1.70
Sortino ratio: Return per unit of downside risk	4.37	3.45	+0.92
Omega ratio: Gain probability vs. loss probability	1.52	1.44	+0.07
Calmar ratio: Return relative to maximum drawdown	7.87	4.34	+3.53
Martin ratio: Return relative to average drawdown	18.50	16.40	+2.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYDR vs. GRID - Sharpe Ratio Comparison

The current HYDR Sharpe Ratio is 4.32, which is higher than the GRID Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of HYDR and GRID, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HYDR	GRID	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.32	2.62	+1.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.85	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.24	0.57	-0.81

Drawdowns

HYDR vs. GRID - Drawdown Comparison

The maximum HYDR drawdown since its inception was -89.28%, which is greater than GRID's maximum drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for HYDR and GRID.

Drawdown Indicators

	HYDR	GRID	Difference
Max Drawdown Largest peak-to-trough decline	-89.28%	-40.56%	-48.72%
Max Drawdown (1Y) Largest decline over 1 year	-29.76%	-11.73%	-18.03%
Max Drawdown (3Y) Largest decline over 3 years	-70.32%	-20.77%	-49.55%
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	-53.63%	-1.40%	-52.23%
Average Drawdown Average peak-to-trough decline	-64.20%	-8.43%	-55.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.64%	3.09%	+9.55%

Volatility

HYDR vs. GRID - Volatility Comparison

Global X Hydrogen ETF (HYDR) has a higher volatility of 18.28% compared to First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) at 7.75%. This indicates that HYDR's price experiences larger fluctuations and is considered to be riskier than GRID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYDR	GRID	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.28%	7.75%	+10.53%
Volatility (6M) Calculated over the trailing 6-month period	35.72%	16.08%	+19.64%
Volatility (1Y) Calculated over the trailing 1-year period	54.22%	19.38%	+34.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.24%	21.00%	+26.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.24%	22.80%	+24.44%

HYDR vs. GRID - Expense Ratio Comparison

HYDR has a 0.50% expense ratio, which is lower than GRID's 0.70% expense ratio.

Dividends

HYDR vs. GRID - Dividend Comparison

HYDR's dividend yield for the trailing twelve months is around 1.89%, more than GRID's 0.77% 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	0.77%	1.01%	1.06%	1.23%	1.26%	0.63%	0.68%	1.26%	1.28%	1.07%	1.07%	1.23%
HYDR Global X Hydrogen ETF	1.89%	3.82%	0.40%	0.00%	0.00%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HYDR and GRID in my portfolio?

HYDR and GRID have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYDR or GRID?

HYDR has higher volatility (18.28%) compared to GRID (7.75%). In terms of maximum drawdown, HYDR dropped -89.28% vs GRID's -40.56%.

Which ETF is better, HYDR or GRID?

On 3-year performance, GRID leads with 26.57% vs 14.46% for HYDR. On fees, HYDR is cheaper at 0.50% per year. On volatility, GRID has been the lower-risk option at 7.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYDR or GRID?

Over the 3-year period, GRID has performed better with a 26.57% return vs 14.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYDR or GRID?

HYDR is cheaper with a 0.50% expense ratio, compared with 0.70% for GRID.

Which ETF pays a higher dividend yield, HYDR or GRID?

HYDR has the higher dividend yield at 1.89%, compared with 0.77% for GRID.

What is the main difference between HYDR and GRID?

HYDR tracks Solactive Global Hydrogen Index - Benchmark TR Net, while GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index. They also come from different issuers: Global X and First Trust. Their fees differ too: 0.50% for HYDR and 0.70% for GRID.

Which has better risk-adjusted returns?

HYDR currently has the higher Sharpe Ratio (4.32 vs 2.62), 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.