QQQM vs. GRID

Last updated Jun 14, 2026

QQQM (Invesco NASDAQ 100 ETF) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. Both are passively managed. Over the past 5 years, QQQM returned 16.94%/yr vs 16.83%/yr for GRID. A 0.76 correlation means they provide meaningful diversification when combined. QQQM charges 0.15%/yr vs 0.70%/yr for GRID.

Performance

QQQM vs. GRID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco NASDAQ 100 ETF (QQQM) and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQM achieves a 17.59% return, which is significantly lower than GRID's 23.59% return.

QQQM

• 1D: 0.67%
• 1M: 1.75%
• YTD: 17.59%
• 6M: 17.91%
• 1Y: 37.64%
• 3Y*: 26.52%
• 5Y*: 16.94%
• 10Y*: —

GRID

• 1D: -0.18%
• 1M: -1.44%
• YTD: 23.59%
• 6M: 24.02%
• 1Y: 43.17%
• 3Y*: 23.21%
• 5Y*: 16.83%
• 10Y*: 19.76%

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

QQQM vs. GRID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
QQQM Invesco NASDAQ 100 ETF	17.59%	20.85%	25.68%	55.01%	-32.52%	27.45%	6.64%
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	23.59%	29.65%	15.18%	21.57%	-13.89%	27.65%	18.71%

Correlation

The correlation between QQQM and GRID is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020	0.76

The correlation between QQQM and GRID has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.

QQQM vs. GRID - Sectors Allocation Comparison

Sectors	QQQM	GRID
Technology	58.7%	12.6%
Communication Services	14.3%	-
Consumer Cyclical	11.4%	2.4%
Consumer Defensive	6.4%	-
Healthcare	3.7%	-
Industrials	2.6%	24.4%
Utilities	1.2%	3.9%
Basic Materials	1.0%	0.0%
Energy	0.5%	1.6%
Financial Services	0.2%	-
Real Estate	0.1%	-

Return for Risk

QQQM vs. GRID — Risk / Return Rank

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

QQQM

QQQM Risk / Return Rank: 72
QQQM Sharpe Ratio Rank: 76
QQQM Sortino Ratio Rank: 71
QQQM Omega Ratio Rank: 73
QQQM Calmar Ratio Rank: 69
QQQM Martin Ratio Rank: 70

GRID

GRID Risk / Return Rank: 73
GRID Sharpe Ratio Rank: 72
GRID Sortino Ratio Rank: 69
GRID Omega Ratio Rank: 69
GRID Calmar Ratio Rank: 79
GRID Martin Ratio Rank: 78

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.

QQQM vs. GRID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 ETF (QQQM) 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.

	QQQM	GRID	Difference
Sharpe ratio: Return per unit of total volatility	2.11	2.02	+0.08
Sortino ratio: Return per unit of downside risk	2.74	2.70	+0.04
Omega ratio: Gain probability vs. loss probability	1.37	1.35	+0.02
Calmar ratio: Return relative to maximum drawdown	3.02	3.57	-0.56
Martin ratio: Return relative to average drawdown	11.23	12.89	-1.66

QQQM vs. GRID - Sharpe Ratio Comparison

The current QQQM Sharpe Ratio is 2.11, which is comparable to the GRID Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of QQQM 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.

Drawdowns

QQQM vs. GRID - Drawdown Comparison

The maximum QQQM drawdown since its inception was -35.04%, smaller than the maximum GRID drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for QQQM and GRID.

Drawdown Indicators

	QQQM	GRID	Difference
Max Drawdown Largest peak-to-trough decline	-35.04%	-40.56%	+5.52%
Max Drawdown (1Y) Largest decline over 1 year	-11.96%	-11.73%	-0.23%
Max Drawdown (3Y) Largest decline over 3 years	-22.70%	-20.77%	-1.93%
Max Drawdown (5Y) Largest decline over 5 years	-35.04%	-29.64%	-5.40%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.56%	—
Current Drawdown Current decline from peak	-3.33%	-5.40%	+2.07%
Average Drawdown Average peak-to-trough decline	-8.23%	-8.42%	+0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.21%	3.25%	-0.04%

Volatility

QQQM vs. GRID - Volatility Comparison

The current volatility for Invesco NASDAQ 100 ETF (QQQM) is 7.45%, while First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a volatility of 9.56%. This indicates that QQQM 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.

Volatility by Period

	QQQM	GRID	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.45%	9.56%	-2.11%
Volatility (6M) Calculated over the trailing 6-month period	13.71%	17.70%	-3.99%
Volatility (1Y) Calculated over the trailing 1-year period	17.11%	20.73%	-3.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.40%	21.24%	+1.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.22%	22.90%	-0.68%

QQQM vs. GRID - Expense Ratio Comparison

QQQM has a 0.15% expense ratio, which is lower than GRID's 0.70% expense ratio.

Dividends

QQQM vs. GRID - Dividend Comparison

QQQM's dividend yield for the trailing twelve months is around 0.43%, less than GRID's 0.80% 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	0.80%	1.01%	1.06%	1.23%	1.26%	0.63%	0.68%	1.26%	1.28%	1.07%	1.07%	1.23%
QQQM Invesco NASDAQ 100 ETF	0.43%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QQQM and GRID in my portfolio?

QQQM and GRID have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQM or GRID?

GRID has higher volatility (9.56%) compared to QQQM (7.45%). In terms of maximum drawdown, QQQM dropped -35.04% vs GRID's -40.56%.

Which ETF is better, QQQM or GRID?

On 5-year performance, QQQM leads with 16.94% vs 16.83% for GRID. On fees, QQQM is cheaper at 0.15% per year. On volatility, QQQM has been the lower-risk option at 7.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQM or GRID?

Over the 5-year period, QQQM has performed better with a 16.94% return vs 16.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQM or GRID?

QQQM is cheaper with a 0.15% expense ratio, compared with 0.70% for GRID.

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

GRID has the higher dividend yield at 0.80%, compared with 0.43% for QQQM.

What is the main difference between QQQM and GRID?

QQQM is categorized as Nasdaq-100, while GRID is Alternative Energy Equities. QQQM tracks NASDAQ-100 Index, while GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.15% for QQQM and 0.70% for GRID.

Which has better risk-adjusted returns?

QQQM currently has the higher Sharpe Ratio (2.11 vs 2.02), 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.