ICPY vs. GRID
ICPY (Tweedy, Browne International Insider + Value ETF) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - ICPY is a Foreign Large Cap Equities fund actively managed by Tweedy, Browne, while GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. ICPY is actively managed, while GRID is passively managed. A 0.58 correlation means they provide meaningful diversification when combined. ICPY charges 0.80%/yr vs 0.70%/yr for GRID.
Performance
ICPY vs. GRID - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ICPY having a 17.30% return and GRID slightly lower at 16.65%.
ICPY
- 1D
- 0.51%
- 1M
- 2.06%
- 6M
- 13.08%
- YTD
- 17.30%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GRID
- 1D
- -2.72%
- 1M
- -7.15%
- 6M
- 13.35%
- YTD
- 16.65%
- 1Y
- 28.47%
- 3Y*
- 19.44%
- 5Y*
- 15.52%
- 10Y*
- 18.37%
ICPY vs. GRID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ICPY Tweedy, Browne International Insider + Value ETF | 17.30% | 13.79% |
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 16.65% | 6.43% |
Correlation
The correlation between ICPY and GRID is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025 | 0.58 |
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Return for Risk
ICPY vs. GRID — Risk / Return Rank
ICPY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GRID
ICPY vs. GRID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tweedy, Browne International Insider + Value ETF (ICPY) 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.
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.
| ICPY | GRID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.23 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.44 | — |
| Martin ratioReturn relative to average drawdown | — | 7.60 | — |
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Drawdowns
ICPY vs. GRID - Drawdown Comparison
The maximum ICPY drawdown since its inception was -8.86%, smaller than the maximum GRID drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for ICPY and GRID.
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Drawdown Indicators
| ICPY | GRID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.86% | -40.56% | +31.70% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.73% | — |
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 | 0.00% | -10.72% | +10.72% |
Average DrawdownAverage peak-to-trough decline | -1.53% | -8.41% | +6.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.76% | — |
Volatility
ICPY vs. GRID - Volatility Comparison
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Volatility by Period
| ICPY | GRID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.76% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.36% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.77% | 22.18% | -7.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.77% | 21.54% | -6.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.77% | 22.71% | -7.94% |
ICPY vs. GRID - Expense Ratio Comparison
ICPY has a 0.80% expense ratio, which is higher than GRID's 0.70% expense ratio.
Dividends
ICPY vs. GRID - Dividend Comparison
ICPY's dividend yield for the trailing twelve months is around 3.89%, more than GRID's 0.80% 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% |
ICPY Tweedy, Browne International Insider + Value ETF | 3.89% | 4.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ICPY and GRID have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GRID is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GRID is cheaper with a 0.70% expense ratio, compared with 0.80% for ICPY.
ICPY has the higher dividend yield at 3.89%, compared with 0.80% for GRID.
ICPY is categorized as Foreign Large Cap Equities, while GRID is Alternative Energy Equities. They also come from different issuers: Tweedy, Browne and First Trust. Their fees differ too: 0.80% for ICPY and 0.70% for GRID.
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