NTRL vs. GRID
NTRL (First Trust Equity Market Neutral ETF) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - NTRL is a Equity Market Neutral fund actively managed by First Trust, while GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. NTRL is actively managed, while GRID is passively managed. At a correlation of -0.50, they often move in opposite directions. NTRL charges 0.95%/yr vs 0.70%/yr for GRID.
Performance
NTRL vs. GRID - Performance Comparison
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Returns By Period
NTRL
- 1D
- -0.07%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GRID
- 1D
- -2.70%
- 1M
- -4.14%
- YTD
- 21.53%
- 6M
- 20.10%
- 1Y
- 34.78%
- 3Y*
- 22.71%
- 5Y*
- 16.19%
- 10Y*
- 19.93%
NTRL vs. GRID - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
NTRL First Trust Equity Market Neutral ETF | -1.23% |
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | -1.52% |
Correlation
The correlation between NTRL and GRID is -0.50, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 24, 2026 | -0.50 |
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Return for Risk
NTRL vs. GRID — Risk / Return Rank
NTRL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GRID
NTRL vs. GRID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Equity Market Neutral ETF (NTRL) 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.
| NTRL | GRID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.10 | — |
| Martin ratioReturn relative to average drawdown | — | 10.84 | — |
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Drawdowns
NTRL vs. GRID - Drawdown Comparison
The maximum NTRL drawdown since its inception was -1.34%, smaller than the maximum GRID drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for NTRL and GRID.
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Drawdown Indicators
| NTRL | GRID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.34% | -40.56% | +39.22% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.73% | — |
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 | -1.34% | -6.98% | +5.64% |
Average DrawdownAverage peak-to-trough decline | -0.87% | -8.41% | +7.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.35% | — |
Volatility
NTRL vs. GRID - Volatility Comparison
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Volatility by Period
| NTRL | GRID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 10.17% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 18.49% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.80% | 21.41% | -9.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.80% | 21.40% | -9.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.80% | 22.76% | -10.96% |
NTRL vs. GRID - Expense Ratio Comparison
NTRL has a 0.95% expense ratio, which is higher than GRID's 0.70% expense ratio.
Dividends
NTRL vs. GRID - Dividend Comparison
NTRL has not paid dividends to shareholders, while GRID's dividend yield for the trailing twelve months is around 0.77%.
| 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% |
NTRL First Trust Equity Market Neutral ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NTRL and GRID have a correlation of -0.50, 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 0.95% for NTRL.
GRID has the higher dividend yield at 0.77%, compared with 0.00% for NTRL.
NTRL is categorized as Equity Market Neutral, while GRID is Alternative Energy Equities. Their fees differ too: 0.95% for NTRL and 0.70% for GRID.
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