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ISP6.L vs. GRID
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ISP6.L vs. GRID

Last updated Jun 26, 2026

ISP6.L (iShares S&P SmallCap 600 UCITS ETF) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - ISP6.L is a Small Cap Blend Equities fund tracking the Russell 2000 TR USD, while GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. Both are passively managed. Over the past 10 years, ISP6.L returned 11.36%/yr vs 20.69%/yr for GRID. A 0.51 correlation means they provide meaningful diversification when combined. ISP6.L charges 0.40%/yr vs 0.70%/yr for GRID.

Performance

ISP6.L vs. GRID - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares S&P SmallCap 600 UCITS ETF (ISP6.L) and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ISP6.L is traded in GBp, while GRID is traded in USD. To make them comparable, the GRID values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, ISP6.L achieves a 22.95% return, which is significantly lower than GRID's 27.51% return. Over the past 10 years, ISP6.L has underperformed GRID with an annualized return of 11.36%, while GRID has yielded a comparatively higher 20.69% annualized return.

ISP6.L

1D
0.46%
1M
7.62%
YTD
22.95%
6M
22.42%
1Y
40.59%
3Y*
14.90%
5Y*
7.30%
10Y*
11.36%

GRID

1D
1.30%
1M
-1.21%
YTD
27.51%
6M
26.39%
1Y
46.96%
3Y*
22.97%
5Y*
18.00%
10Y*
20.69%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ISP6.L vs. GRID - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ISP6.L
iShares S&P SmallCap 600 UCITS ETF		22.95%-0.91%8.76%10.98%-6.72%27.86%6.87%17.51%-4.56%3.05%
GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund		27.51%20.42%17.20%15.50%-3.65%28.86%44.47%37.37%-18.11%16.42%

Correlation

The correlation between ISP6.L and GRID is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.41

Correlation (3Y)
Calculated over the trailing 3-year period

0.45

Correlation (5Y)
Calculated over the trailing 5-year period

0.46

Correlation (10Y)
Calculated over the trailing 10-year period

0.50

Correlation (All Time)
Calculated using the full available price history since Nov 17, 2009

0.51

The correlation between ISP6.L and GRID shifts across timeframes, from 0.41 (1 year) to 0.51 (all time), reflecting how their relationship changes across market environments.

ISP6.L vs. GRID - Sectors Allocation Comparison

Sectors
ISP6.L
GRID

Technology

17.3%
12.5%

Financial Services

16.5%

-

Industrials

15.1%
24.2%

Consumer Cyclical

13.1%
2.3%

Healthcare

11.0%

-

Real Estate

7.5%

-

Energy

5.4%
1.6%

Basic Materials

5.0%
0.0%

Communication Services

3.6%

-

Consumer Defensive

3.6%

-

Utilities

1.9%
3.9%

Technology

ISP6.L
17.3%
GRID
12.5%

Financial Services

ISP6.L
16.5%
GRID

-

Industrials

ISP6.L
15.1%
GRID
24.2%

Consumer Cyclical

ISP6.L
13.1%
GRID
2.3%

Healthcare

ISP6.L
11.0%
GRID

-

Real Estate

ISP6.L
7.5%
GRID

-

Energy

ISP6.L
5.4%
GRID
1.6%

Basic Materials

ISP6.L
5.0%
GRID
0.0%

Communication Services

ISP6.L
3.6%
GRID

-

Consumer Defensive

ISP6.L
3.6%
GRID

-

Utilities

ISP6.L
1.9%
GRID
3.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P SmallCap 600 UCITS ETF

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

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ISP6.L vs. IJRISP6.L vs. IEEM.LISP6.L vs. USSC.LISP6.L vs. IWMISP6.L vs. CSPX.ASISP6.L vs. VIGISP6.L vs. VOO
Often compared with GRID:
GRID vs. ICLNGRID vs. NLRGRID vs. VOOGRID vs. POWRGRID vs. VOLTGRID vs. FIWGRID vs. PAVE

Return for Risk

ISP6.L vs. GRID — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ISP6.L
ISP6.L Risk / Return Rank: 9090
Overall Rank
ISP6.L Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
ISP6.L Sortino Ratio Rank: 8989
Sortino Ratio Rank
ISP6.L Omega Ratio Rank: 8787
Omega Ratio Rank
ISP6.L Calmar Ratio Rank: 9494
Calmar Ratio Rank
ISP6.L Martin Ratio Rank: 9292
Martin Ratio Rank
GRID
GRID Risk / Return Rank: 7272
Overall Rank
GRID Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
GRID Sortino Ratio Rank: 6666
Sortino Ratio Rank
GRID Omega Ratio Rank: 6868
Omega Ratio Rank
GRID Calmar Ratio Rank: 8080
Calmar Ratio Rank
GRID Martin Ratio Rank: 7777
Martin Ratio Rank
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.

ISP6.L vs. GRID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P SmallCap 600 UCITS ETF (ISP6.L) 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.

ISP6.LGRIDDifference
Sharpe ratioReturn per unit of total volatility
2.61
2.44

+0.17

Sortino ratioReturn per unit of downside risk
3.60
3.06

+0.54

Omega ratioGain probability vs. loss probability

1.47

1.43

+0.04

Calmar ratioReturn relative to maximum drawdown

6.26

4.89

+1.37

Martin ratioReturn relative to average drawdown

19.49

15.18

+4.31

ISP6.L vs. GRID - Sharpe Ratio Comparison

The current ISP6.L Sharpe Ratio is 2.61, which is comparable to the GRID Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of ISP6.L 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.

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Drawdowns

ISP6.L vs. GRID - Drawdown Comparison

The maximum ISP6.L drawdown since its inception was -66.35%, which is greater than GRID's maximum drawdown of -34.09%. Use the drawdown chart below to compare losses from any high point for ISP6.L and GRID.

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Drawdown Indicators

ISP6.LGRIDDifference

Max Drawdown

Largest peak-to-trough decline

-66.35%

-34.09%

-32.26%

Max Drawdown (1Y)

Largest decline over 1 year

-6.45%

-9.65%

+3.20%

Max Drawdown (3Y)

Largest decline over 3 years

-30.26%

-22.93%

-7.33%

Max Drawdown (5Y)

Largest decline over 5 years

-30.26%

-22.93%

-7.33%

Max Drawdown (10Y)

Largest decline over 10 years

-39.08%

-34.09%

-4.99%

Current Drawdown

Current decline from peak

0.00%

-2.87%

+2.87%

Average Drawdown

Average peak-to-trough decline

-15.53%

-6.97%

-8.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.08%

3.10%

-1.02%

Volatility

ISP6.L vs. GRID - Volatility Comparison

The current volatility for iShares S&P SmallCap 600 UCITS ETF (ISP6.L) is 3.76%, while First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a volatility of 9.34%. This indicates that ISP6.L experiences smaller price fluctuations and is considered to be less risky than GRID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ISP6.LGRIDDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.76%

9.34%

-5.58%

Volatility (6M)

Calculated over the trailing 6-month period

10.68%

16.39%

-5.71%

Volatility (1Y)

Calculated over the trailing 1-year period

15.46%

19.37%

-3.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.11%

19.09%

+0.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.40%

21.58%

-1.18%

ISP6.L vs. GRID - Expense Ratio Comparison

ISP6.L has a 0.40% expense ratio, which is lower than GRID's 0.70% expense ratio.

Dividends

ISP6.L vs. GRID - Dividend Comparison

ISP6.L's dividend yield for the trailing twelve months is around 0.96%, less than GRID's 1.19% yield.

PositionTTM20252024202320222021202020192018201720162015
GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund		1.19%1.01%1.06%1.23%1.26%0.63%0.68%1.26%1.28%1.07%1.07%1.23%
ISP6.L
iShares S&P SmallCap 600 UCITS ETF		0.96%1.22%1.15%1.08%1.00%0.65%0.94%0.97%0.96%0.78%0.77%0.53%

Frequently Asked Questions

ISP6.L and GRID have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ISP6.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ISP6.L is cheaper with a 0.40% expense ratio, compared with 0.70% for GRID.

ISP6.L is categorized as Small Cap Blend Equities, while GRID is Alternative Energy Equities. ISP6.L tracks Russell 2000 TR USD, while GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.40% for ISP6.L and 0.70% for GRID.

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