MINV vs. GRID

Last updated Jun 4, 2026

MINV (Matthews Asia Innovators Active ETF) and GRID (First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index) are both exchange-traded funds - MINV is a Asia Pacific Equities fund actively managed by Matthews, while GRID is a Alternative Energy Equities fund tracking the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index. MINV is actively managed, while GRID is passively managed. Over the past 3 years, MINV returned 34.15%/yr vs 26.27%/yr for GRID. A 0.64 correlation means they provide meaningful diversification when combined. MINV charges 0.79%/yr vs 0.70%/yr for GRID.

Performance

MINV vs. GRID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matthews Asia Innovators Active ETF (MINV) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MINV achieves a 58.70% return, which is significantly higher than GRID's 28.91% return.

MINV

• 1D: -1.11%
• 1M: 14.54%
• YTD: 58.70%
• 6M: 60.02%
• 1Y: 93.90%
• 3Y*: 34.15%
• 5Y*: —
• 10Y*: —

GRID

• 1D: -0.17%
• 1M: 3.85%
• YTD: 28.91%
• 6M: 29.60%
• 1Y: 51.55%
• 3Y*: 26.27%
• 5Y*: 17.84%
• 10Y*: 19.76%

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

MINV vs. GRID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MINV Matthews Asia Innovators Active ETF	58.70%	30.85%	17.32%	-2.66%	-3.11%
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index	28.91%	29.65%	15.18%	21.57%	14.96%

Correlation

The correlation between MINV and GRID is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (All Time) Calculated using the full available price history since Jul 15, 2022	0.64

The correlation between MINV and GRID has been stable across timeframes, ranging from 0.64 to 0.68 - a consistent structural relationship.

MINV vs. GRID - Sectors Allocation Comparison

Sectors	MINV	GRID
Technology	62.8%	11.0%
Industrials	17.8%	65.2%
Consumer Cyclical	3.5%	3.5%
Healthcare	3.0%	-
Communication Services	2.2%	-
Energy	1.5%	-
Financial Services	1.2%	-
Basic Materials	0.8%	0.0%
Consumer Defensive	-	-
Real Estate	-	-
Utilities	-	20.4%

Return for Risk

MINV vs. GRID — Risk / Return Rank

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

MINV

MINV Risk / Return Rank: 93
MINV Sharpe Ratio Rank: 95
MINV Sortino Ratio Rank: 92
MINV Omega Ratio Rank: 92
MINV Calmar Ratio Rank: 96
MINV Martin Ratio Rank: 92

GRID

GRID Risk / Return Rank: 79
GRID Sharpe Ratio Rank: 81
GRID Sortino Ratio Rank: 76
GRID Omega Ratio Rank: 74
GRID Calmar Ratio Rank: 82
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.

MINV vs. GRID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews Asia Innovators Active ETF (MINV) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (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.

	MINV	GRID	Difference
Sharpe ratio Return per unit of total volatility	3.76	2.67	+1.09
Sortino ratio Return per unit of downside risk	4.54	3.50	+1.05
Omega ratio Gain probability vs. loss probability	1.62	1.45	+0.17
Calmar ratio Return relative to maximum drawdown	8.68	4.42	+4.26
Martin ratio Return relative to average drawdown	23.03	16.72	+6.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MINV vs. GRID - Sharpe Ratio Comparison

The current MINV Sharpe Ratio is 3.76, which is higher than the GRID Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of MINV 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

	MINV	GRID	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.76	2.67	+1.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.85	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.01	0.57	+0.44

Drawdowns

MINV vs. GRID - Drawdown Comparison

The maximum MINV drawdown since its inception was -23.49%, smaller than the maximum GRID drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for MINV and GRID.

Drawdown Indicators

	MINV	GRID	Difference
Max Drawdown Largest peak-to-trough decline	-23.49%	-40.56%	+17.07%
Max Drawdown (1Y) Largest decline over 1 year	-10.88%	-11.73%	+0.85%
Max Drawdown (3Y) Largest decline over 3 years	-19.82%	-20.77%	+0.95%
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	-1.89%	-1.33%	-0.56%
Average Drawdown Average peak-to-trough decline	-8.07%	-8.43%	+0.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.09%	3.09%	+1.00%

Volatility

MINV vs. GRID - Volatility Comparison

Matthews Asia Innovators Active ETF (MINV) has a higher volatility of 10.63% compared to First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) at 7.95%. This indicates that MINV'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

	MINV	GRID	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.63%	7.95%	+2.68%
Volatility (6M) Calculated over the trailing 6-month period	21.20%	16.08%	+5.12%
Volatility (1Y) Calculated over the trailing 1-year period	25.11%	19.39%	+5.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.74%	21.00%	+2.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.74%	22.81%	+0.93%

MINV vs. GRID - Expense Ratio Comparison

MINV has a 0.79% expense ratio, which is higher than GRID's 0.70% expense ratio.

Dividends

MINV vs. GRID - Dividend Comparison

MINV's dividend yield for the trailing twelve months is around 0.95%, 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	0.77%	1.01%	1.06%	1.23%	1.26%	0.63%	0.68%	1.26%	1.28%	1.07%	1.07%	1.23%
MINV Matthews Asia Innovators Active ETF	0.95%	1.51%	0.25%	1.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MINV and GRID in my portfolio?

MINV and GRID have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MINV or GRID?

MINV has higher volatility (10.63%) compared to GRID (7.95%). In terms of maximum drawdown, MINV dropped -23.49% vs GRID's -40.56%.

Which ETF is better, MINV or GRID?

On 3-year performance, MINV leads with 34.15% vs 26.27% for GRID. On fees, GRID is cheaper at 0.70% per year. On volatility, GRID has been the lower-risk option at 7.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MINV or GRID?

Over the 3-year period, MINV has performed better with a 34.15% return vs 26.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MINV or GRID?

GRID is cheaper with a 0.70% expense ratio, compared with 0.79% for MINV.

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

MINV has the higher dividend yield at 0.95%, compared with 0.77% for GRID.

What is the main difference between MINV and GRID?

MINV is categorized as Asia Pacific Equities, while GRID is Alternative Energy Equities. They also come from different issuers: Matthews and First Trust. Their fees differ too: 0.79% for MINV and 0.70% for GRID.

Which has better risk-adjusted returns?

MINV currently has the higher Sharpe Ratio (3.76 vs 2.67), 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.