Correlation
The correlation between RBLD and GRID is 0.71, 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.
RBLD vs. GRID
Compare and contrast key facts about First Trust Alerian U.S. NextGen Infrastructure ETF (RBLD) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID).
RBLD and GRID are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RBLD is a passively managed fund by First Trust that tracks the performance of the Alerian US NextGen Infrastructure Index - Benchmark TR Net. It was launched on Oct 13, 2008. 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. Both RBLD and GRID are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RBLD or GRID.
Performance
RBLD vs. GRID - Performance Comparison
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Key characteristics
RBLD:
0.76
GRID:
0.43
RBLD:
1.13
GRID:
0.66
RBLD:
1.15
GRID:
1.08
RBLD:
0.72
GRID:
0.40
RBLD:
2.36
GRID:
1.40
RBLD:
5.82%
GRID:
5.90%
RBLD:
18.88%
GRID:
22.88%
RBLD:
-50.07%
GRID:
-40.55%
RBLD:
-4.27%
GRID:
-1.31%
Returns By Period
In the year-to-date period, RBLD achieves a 5.02% return, which is significantly lower than GRID's 9.00% return. Over the past 10 years, RBLD has underperformed GRID with an annualized return of 5.22%, while GRID has yielded a comparatively higher 14.78% annualized return.
RBLD
5.02%
4.95%
-4.27%
13.26%
11.97%
13.02%
5.22%
GRID
9.00%
8.68%
3.44%
9.61%
16.01%
20.85%
14.78%
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RBLD vs. GRID - Expense Ratio Comparison
RBLD has a 0.65% expense ratio, which is lower than GRID's 0.70% expense ratio.
Risk-Adjusted Performance
RBLD vs. GRID — Risk-Adjusted Performance Rank
RBLD
GRID
RBLD vs. GRID - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Alerian U.S. NextGen Infrastructure ETF (RBLD) 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
RBLD vs. GRID - Dividend Comparison
RBLD's dividend yield for the trailing twelve months is around 1.24%, more than GRID's 1.00% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RBLD First Trust Alerian U.S. NextGen Infrastructure ETF | 1.24% | 1.31% | 1.17% | 2.10% | 1.45% | 2.88% | 1.84% | 1.74% | 1.49% | 2.01% | 1.17% | 1.66% |
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index | 1.00% | 1.06% | 1.23% | 1.26% | 0.63% | 0.68% | 1.26% | 1.28% | 1.07% | 1.07% | 1.23% | 1.46% |
Drawdowns
RBLD vs. GRID - Drawdown Comparison
The maximum RBLD drawdown since its inception was -50.07%, which is greater than GRID's maximum drawdown of -40.55%. Use the drawdown chart below to compare losses from any high point for RBLD and GRID.
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Volatility
RBLD vs. GRID - Volatility Comparison
First Trust Alerian U.S. NextGen Infrastructure ETF (RBLD) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) have volatilities of 4.27% and 4.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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