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 Infrastructure Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. ICPY is actively managed, while GRID is passively managed. Their 0.55 correlation means they have sometimes moved together and sometimes differently. ICPY charges 0.80%/yr vs 0.70%/yr for GRID.
Performance
ICPY vs. GRID - Performance Comparison
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Returns By Period
In the year-to-date period, ICPY achieves a 20.72% return, which is significantly lower than GRID's 22.54% return.
ICPY
- 1D
- -0.72%
- 1M
- 4.51%
- 6M
- 12.27%
- YTD
- 20.72%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
GRID
- 1D
- -0.06%
- 1M
- -0.41%
- 6M
- 12.21%
- YTD
- 22.54%
- 1Y
- 33.13%
- 3Y*
- 23.79%
- 5Y*
- 15.07%
- 10Y*
- 18.91%
- ALL TIME*
- 12.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $110.01M | $102.42M | $133.91M | |
| $192.93K | $299.20K | $189.54K |
ICPY vs. GRID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ICPY Tweedy, Browne International Insider + Value ETF | 20.72% | 13.79% |
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 22.54% | 6.43% |
Correlation
The correlation between ICPY and GRID is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025 | 0.55 |
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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 | — | 1.26 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.10 | — |
| Martin ratioReturn relative to average drawdown | — | 7.41 | — |
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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 | — | -15.82% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.62% | — |
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 | -0.98% | -6.20% | +5.22% |
Average DrawdownAverage peak-to-trough decline | -1.47% | -8.42% | +6.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.48% | — |
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 | — | 8.70% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 20.46% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.99% | 23.19% | -8.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.99% | 21.73% | -6.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.99% | 22.83% | -7.84% |
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 3.78%, 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% |
ICPY Tweedy, Browne International Insider + Value ETF | 3.78% | 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 0.55, 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 3.78%, compared with 0.77% for GRID.
ICPY is categorized as Foreign Large Cap Equities, while GRID is Infrastructure 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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