QCJL vs. GRID
QCJL (FT Vest Nasdaq-100 Conservative Buffer ETF - July) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - QCJL is a Nasdaq-100 fund actively managed by First Trust, while GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. QCJL is actively managed, while GRID is passively managed. Over the past year, QCJL returned 14.55% vs 50.60% for GRID. A 0.73 correlation means they provide meaningful diversification when combined. QCJL charges 0.90%/yr vs 0.70%/yr for GRID.
Performance
QCJL vs. GRID - Performance Comparison
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Returns By Period
In the year-to-date period, QCJL achieves a 5.19% return, which is significantly lower than GRID's 28.82% return.
QCJL
- 1D
- 0.04%
- 1M
- 1.18%
- YTD
- 5.19%
- 6M
- 5.63%
- 1Y
- 14.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GRID
- 1D
- -0.07%
- 1M
- 1.81%
- YTD
- 28.82%
- 6M
- 28.40%
- 1Y
- 50.60%
- 3Y*
- 26.57%
- 5Y*
- 17.83%
- 10Y*
- 19.50%
QCJL vs. GRID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QCJL FT Vest Nasdaq-100 Conservative Buffer ETF - July | 5.19% | 13.10% | 4.12% |
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 28.82% | 29.65% | 0.01% |
Correlation
The correlation between QCJL and GRID is 0.69, 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 | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024 | 0.73 |
The correlation between QCJL and GRID has been stable across timeframes, ranging from 0.69 to 0.73 - a consistent structural relationship.
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Return for Risk
QCJL vs. GRID — Risk / Return Rank
QCJL
GRID
QCJL vs. GRID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Nasdaq-100 Conservative Buffer ETF - July (QCJL) 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.
| QCJL | GRID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.44 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 4.34 | -0.69 |
| Martin ratioReturn relative to average drawdown | 18.55 | 16.40 | +2.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QCJL | GRID | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 2.62 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.85 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.29 | 0.57 | +0.72 |
Drawdowns
QCJL vs. GRID - Drawdown Comparison
The maximum QCJL drawdown since its inception was -11.18%, smaller than the maximum GRID drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for QCJL and GRID.
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Drawdown Indicators
| QCJL | GRID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.18% | -40.56% | +29.38% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | -11.73% | +7.73% |
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 | -0.02% | -1.40% | +1.38% |
Average DrawdownAverage peak-to-trough decline | -1.07% | -8.43% | +7.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 3.09% | -2.30% |
Volatility
QCJL vs. GRID - Volatility Comparison
The current volatility for FT Vest Nasdaq-100 Conservative Buffer ETF - July (QCJL) is 0.39%, while First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a volatility of 7.75%. This indicates that QCJL 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
| QCJL | GRID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.39% | 7.75% | -7.36% |
Volatility (6M)Calculated over the trailing 6-month period | 4.31% | 16.08% | -11.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.88% | 19.38% | -13.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.47% | 21.00% | -11.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.47% | 22.80% | -13.33% |
QCJL vs. GRID - Expense Ratio Comparison
QCJL has a 0.90% expense ratio, which is higher than GRID's 0.70% expense ratio.
Dividends
QCJL vs. GRID - Dividend Comparison
QCJL 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% |
QCJL FT Vest Nasdaq-100 Conservative Buffer ETF - July | 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
QCJL and GRID have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRID has higher volatility (7.75%) compared to QCJL (0.39%). In terms of maximum drawdown, QCJL dropped -11.18% vs GRID's -40.56%.
On 1-year performance, GRID leads with 50.60% vs 14.55% for QCJL. On fees, GRID is cheaper at 0.70% per year. On volatility, QCJL has been the lower-risk option at 0.39%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GRID has performed better with a 50.60% return vs 14.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GRID is cheaper with a 0.70% expense ratio, compared with 0.90% for QCJL.
GRID has the higher dividend yield at 0.77%, compared with 0.00% for QCJL.
QCJL is categorized as Nasdaq-100, while GRID is Alternative Energy Equities. Their fees differ too: 0.90% for QCJL and 0.70% for GRID.
GRID currently has the higher Sharpe Ratio (2.62 vs 2.49), 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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