Correlation
The correlation between NETZ and GRID is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
NETZ vs. GRID
Compare and contrast key facts about TCW Transform Systems ETF (NETZ) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID).
NETZ and GRID are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NETZ is an actively managed fund by TCW. It was launched on Feb 2, 2022. GRID is a passively managed fund by First Trust that tracks the performance of the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index. It was launched on Nov 17, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NETZ or GRID.
Performance
NETZ vs. GRID - Performance Comparison
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Key characteristics
NETZ:
0.57
GRID:
0.48
NETZ:
0.99
GRID:
0.69
NETZ:
1.15
GRID:
1.09
NETZ:
0.65
GRID:
0.42
NETZ:
2.13
GRID:
1.46
NETZ:
7.93%
GRID:
5.91%
NETZ:
26.71%
GRID:
22.94%
NETZ:
-25.87%
GRID:
-40.55%
NETZ:
-1.02%
GRID:
-0.68%
Returns By Period
In the year-to-date period, NETZ achieves a 13.42% return, which is significantly higher than GRID's 9.71% return.
NETZ
13.42%
14.62%
7.06%
16.89%
18.35%
N/A
N/A
GRID
9.71%
10.56%
4.79%
10.93%
16.03%
21.00%
14.86%
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NETZ vs. GRID - Expense Ratio Comparison
NETZ has a 0.75% expense ratio, which is higher than GRID's 0.70% expense ratio.
Risk-Adjusted Performance
NETZ vs. GRID — Risk-Adjusted Performance Rank
NETZ
GRID
NETZ vs. GRID - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Transform Systems ETF (NETZ) 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.
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Dividends
NETZ vs. GRID - Dividend Comparison
NETZ's dividend yield for the trailing twelve months is around 0.44%, less than GRID's 0.99% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NETZ TCW Transform Systems ETF | 0.44% | 0.49% | 0.78% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index | 0.99% | 1.06% | 1.23% | 1.26% | 0.63% | 0.68% | 1.26% | 1.28% | 1.07% | 1.07% | 1.23% | 1.45% |
Drawdowns
NETZ vs. GRID - Drawdown Comparison
The maximum NETZ drawdown since its inception was -25.87%, smaller than the maximum GRID drawdown of -40.55%. Use the drawdown chart below to compare losses from any high point for NETZ and GRID.
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Volatility
NETZ vs. GRID - Volatility Comparison
TCW Transform Systems ETF (NETZ) has a higher volatility of 5.05% compared to First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) at 3.94%. This indicates that NETZ'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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