ROBO.AS vs. GRID
ROBO.AS (L&G ROBO Global Robotics and Automation UCITS ETF) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - ROBO.AS is a Robotics fund tracking the ROBO Global Robotics and Automation 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, ROBO.AS returned 4.72%/yr vs 15.64%/yr for GRID. A 0.61 correlation means they provide meaningful diversification when combined. ROBO.AS charges 0.80%/yr vs 0.70%/yr for GRID.
Performance
ROBO.AS vs. GRID - Performance Comparison
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Different Trading Currencies
ROBO.AS is traded in EUR, while GRID is traded in USD. To make them comparable, the GRID values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ROBO.AS achieves a 14.93% return, which is significantly lower than GRID's 19.63% return.
ROBO.AS
- 1D
- 0.00%
- 1M
- -9.34%
- 6M
- 8.00%
- YTD
- 14.93%
- 1Y
- 28.96%
- 3Y*
- 9.13%
- 5Y*
- 4.72%
- 10Y*
- —
- ALL TIME*
- 9.56%
GRID
- 1D
- -0.23%
- 1M
- -8.30%
- 6M
- 13.52%
- YTD
- 19.63%
- 1Y
- 27.43%
- 3Y*
- 18.49%
- 5Y*
- 15.64%
- 10Y*
- 17.99%
- ALL TIME*
- 14.25%
ROBO.AS vs. GRID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ROBO.AS L&G ROBO Global Robotics and Automation UCITS ETF | 14.93% | 9.16% | 5.54% | 20.30% | -30.09% | 25.18% | 33.61% | 31.81% | -16.99% | 12.61% |
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 19.63% | 14.27% | 22.79% | 17.93% | -8.55% | 37.20% | 36.57% | 46.02% | -19.07% | 8.30% |
Correlation
The correlation between ROBO.AS and GRID is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2017 | 0.61 |
The correlation between ROBO.AS and GRID has been stable across timeframes, ranging from 0.60 to 0.62 - a consistent structural relationship.
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Return for Risk
ROBO.AS vs. GRID — Risk / Return Rank
ROBO.AS
GRID
ROBO.AS vs. GRID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G ROBO Global Robotics and Automation UCITS ETF (ROBO.AS) 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.
| ROBO.AS | GRID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.24 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 2.78 | -0.68 |
| Martin ratioReturn relative to average drawdown | 6.59 | 8.23 | -1.64 |
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Drawdowns
ROBO.AS vs. GRID - Drawdown Comparison
The maximum ROBO.AS drawdown since its inception was -36.38%, smaller than the maximum GRID drawdown of -41.27%. Use the drawdown chart below to compare losses from any high point for ROBO.AS and GRID.
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Drawdown Indicators
| ROBO.AS | GRID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.38% | -41.27% | +4.89% |
Max Drawdown (1Y)Largest decline over 1 year | -13.70% | -9.90% | -3.80% |
Max Drawdown (3Y)Largest decline over 3 years | -31.83% | -24.27% | -7.56% |
Max Drawdown (5Y)Largest decline over 5 years | -36.38% | -24.27% | -12.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.27% | — |
Current DrawdownCurrent decline from peak | -12.36% | -9.90% | -2.46% |
Average DrawdownAverage peak-to-trough decline | -11.79% | -7.09% | -4.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | 3.34% | +1.04% |
Volatility
ROBO.AS vs. GRID - Volatility Comparison
L&G ROBO Global Robotics and Automation UCITS ETF (ROBO.AS) has a higher volatility of 10.27% compared to First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) at 8.45%. This indicates that ROBO.AS'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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Volatility by Period
| ROBO.AS | GRID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.27% | 8.45% | +1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 19.87% | 17.72% | +2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.54% | 20.73% | +3.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.77% | 19.93% | +1.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.65% | 22.10% | -0.45% |
ROBO.AS vs. GRID - Expense Ratio Comparison
ROBO.AS has a 0.80% expense ratio, which is higher than GRID's 0.70% expense ratio.
Dividends
ROBO.AS vs. GRID - Dividend Comparison
ROBO.AS has not paid dividends to shareholders, while GRID's dividend yield for the trailing twelve months is around 0.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 0.81% | 1.01% | 1.06% | 1.23% | 1.26% | 0.63% | 0.68% | 1.26% | 1.28% | 1.07% | 1.07% | 1.23% |
ROBO.AS L&G ROBO Global Robotics and Automation UCITS 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
ROBO.AS and GRID have a correlation of 0.62, 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 0.80% for ROBO.AS.
ROBO.AS is categorized as Robotics, while GRID is Alternative Energy Equities. ROBO.AS tracks ROBO Global Robotics and Automation Index, while GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index. They also come from different issuers: Legal & General and First Trust. Their fees differ too: 0.80% for ROBO.AS and 0.70% for GRID.
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