LINE vs. GRID
LINE (Lineage, Inc.) is a stock, while GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) is Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. Over the past year, LINE returned 2.57% vs 41.98% for GRID. At a 0.32 correlation, their price movements are largely independent.
Performance
LINE vs. GRID - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with LINE having a 23.81% return and GRID slightly higher at 24.91%.
LINE
- 1D
- 4.05%
- 1M
- 2.16%
- YTD
- 23.81%
- 6M
- 25.39%
- 1Y
- 2.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GRID
- 1D
- 1.52%
- 1M
- -3.05%
- YTD
- 24.91%
- 6M
- 23.50%
- 1Y
- 41.98%
- 3Y*
- 24.52%
- 5Y*
- 16.82%
- 10Y*
- 20.66%
LINE vs. GRID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LINE Lineage, Inc. | 23.81% | -37.20% | -27.57% |
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 24.91% | 29.65% | 2.53% |
Correlation
The correlation between LINE and GRID is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2024 | 0.32 |
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Return for Risk
LINE vs. GRID — Risk / Return Rank
LINE
GRID
LINE vs. GRID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lineage, Inc. (LINE) 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.
| LINE | GRID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.92 | ||
| Sortino ratioReturn per unit of downside risk | -2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.35 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | 3.60 | -3.50 |
| Martin ratioReturn relative to average drawdown | 0.19 | 12.67 | -12.48 |
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Drawdowns
LINE vs. GRID - Drawdown Comparison
The maximum LINE drawdown since its inception was -61.74%, which is greater than GRID's maximum drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for LINE and GRID.
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Drawdown Indicators
| LINE | GRID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.74% | -40.56% | -21.18% |
Max Drawdown (1Y)Largest decline over 1 year | -26.78% | -11.73% | -15.05% |
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 | -47.87% | -4.40% | -43.47% |
Average DrawdownAverage peak-to-trough decline | -41.13% | -8.41% | -32.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.50% | 3.32% | +10.18% |
Volatility
LINE vs. GRID - Volatility Comparison
Lineage, Inc. (LINE) has a higher volatility of 11.24% compared to First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) at 9.91%. This indicates that LINE'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.
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Volatility by Period
| LINE | GRID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.24% | 9.91% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 28.56% | 18.26% | +10.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.12% | 21.22% | +16.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.72% | 21.37% | +15.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.72% | 22.79% | +13.93% |
Dividends
LINE vs. GRID - Dividend Comparison
LINE's dividend yield for the trailing twelve months is around 4.96%, more than GRID's 1.19% 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 | 1.19% | 1.01% | 1.06% | 1.23% | 1.26% | 0.63% | 0.68% | 1.26% | 1.28% | 1.07% | 1.07% | 1.23% |
LINE Lineage, Inc. | 4.96% | 6.03% | 1.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LINE and GRID have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LINE has higher volatility (11.24%) compared to GRID (9.91%). In terms of maximum drawdown, LINE dropped -61.74% vs GRID's -40.56%.
GRID currently has the higher Sharpe Ratio (1.99 vs 0.07), 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.
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