SMG vs. GRID

Last updated Jun 5, 2026

SMG (The Scotts Miracle-Gro Company) is a stock, while GRID (First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index) is Alternative Energy Equities fund tracking the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index. Over the past 10 years, SMG returned 1.10%/yr vs 19.50%/yr for GRID. At a 0.43 correlation, their price movements are largely independent.

Performance

SMG vs. GRID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Scotts Miracle-Gro Company (SMG) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMG achieves a -0.57% return, which is significantly lower than GRID's 28.82% return. Over the past 10 years, SMG has underperformed GRID with an annualized return of 1.10%, while GRID has yielded a comparatively higher 19.50% annualized return.

SMG

• 1D: -0.25%
• 1M: -4.31%
• YTD: -0.57%
• 6M: 6.03%
• 1Y: 1.32%
• 3Y*: 0.45%
• 5Y*: -19.36%
• 10Y*: 1.10%

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%

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

SMG vs. GRID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SMG The Scotts Miracle-Gro Company	-0.57%	-8.01%	8.28%	36.92%	-68.81%	-18.03%	96.18%	77.05%	-41.00%	14.46%
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index	28.82%	29.65%	15.18%	21.57%	-13.89%	27.65%	48.84%	42.80%	-22.69%	27.44%

Correlation

The correlation between SMG and GRID is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Nov 18, 2009	0.43

The correlation between SMG and GRID shifts across timeframes, from 0.33 (1 year) to 0.48 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

SMG vs. GRID — Risk / Return Rank

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

SMG

SMG Risk / Return Rank: 40
SMG Sharpe Ratio Rank: 42
SMG Sortino Ratio Rank: 38
SMG Omega Ratio Rank: 37
SMG Calmar Ratio Rank: 43
SMG Martin Ratio Rank: 42

GRID

GRID Risk / Return Rank: 80
GRID Sharpe Ratio Rank: 82
GRID Sortino Ratio Rank: 78
GRID Omega Ratio Rank: 76
GRID Calmar Ratio Rank: 83
GRID Martin Ratio Rank: 82

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.

SMG vs. GRID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Scotts Miracle-Gro Company (SMG) 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.

	SMG	GRID	Difference
Sharpe ratio: Return per unit of total volatility	0.04	2.62	-2.59
Sortino ratio: Return per unit of downside risk	0.31	3.45	-3.14
Omega ratio: Gain probability vs. loss probability	1.04	1.44	-0.41
Calmar ratio: Return relative to maximum drawdown	0.06	4.34	-4.28
Martin ratio: Return relative to average drawdown	0.10	16.40	-16.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SMG vs. GRID - Sharpe Ratio Comparison

The current SMG Sharpe Ratio is 0.04, which is lower than the GRID Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of SMG 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.

Sharpe Ratios by Period

	SMG	GRID	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.04	2.62	-2.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.42	0.85	-1.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.03	0.86	-0.83
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.57	-0.36

Drawdowns

SMG vs. GRID - Drawdown Comparison

The maximum SMG drawdown since its inception was -83.55%, which is greater than GRID's maximum drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for SMG and GRID.

Drawdown Indicators

	SMG	GRID	Difference
Max Drawdown Largest peak-to-trough decline	-83.55%	-40.56%	-42.99%
Max Drawdown (1Y) Largest decline over 1 year	-23.85%	-11.73%	-12.12%
Max Drawdown (3Y) Largest decline over 3 years	-47.42%	-20.77%	-26.65%
Max Drawdown (5Y) Largest decline over 5 years	-79.89%	-29.64%	-50.25%
Max Drawdown (10Y) Largest decline over 10 years	-83.55%	-40.56%	-42.99%
Current Drawdown Current decline from peak	-72.74%	-1.40%	-71.34%
Average Drawdown Average peak-to-trough decline	-21.14%	-8.43%	-12.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.10%	3.09%	+10.01%

Volatility

SMG vs. GRID - Volatility Comparison

The Scotts Miracle-Gro Company (SMG) has a higher volatility of 10.69% compared to First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) at 7.75%. This indicates that SMG'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.

Volatility by Period

	SMG	GRID	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.69%	7.75%	+2.94%
Volatility (6M) Calculated over the trailing 6-month period	26.59%	16.08%	+10.51%
Volatility (1Y) Calculated over the trailing 1-year period	35.74%	19.38%	+16.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.27%	21.00%	+25.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.37%	22.80%	+17.57%

Dividends

SMG vs. GRID - Dividend Comparison

SMG's dividend yield for the trailing twelve months is around 4.65%, more than GRID's 0.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index	0.77%	1.01%	1.06%	1.23%	1.26%	0.63%	0.68%	1.26%	1.28%	1.07%	1.07%	1.23%
SMG The Scotts Miracle-Gro Company	4.65%	4.52%	3.98%	4.14%	5.43%	1.59%	3.72%	2.13%	3.51%	1.93%	2.03%	2.85%

Frequently Asked Questions

Can I hold both SMG and GRID in my portfolio?

SMG and GRID have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SMG or GRID?

SMG has higher volatility (10.69%) compared to GRID (7.75%). In terms of maximum drawdown, SMG dropped -83.55% vs GRID's -40.56%.

Which has better risk-adjusted returns?

GRID currently has the higher Sharpe Ratio (2.62 vs 0.04), 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.