SPUU vs. GRID

Last updated Jun 14, 2026

SPUU (Direxion Daily S&P 500 Bull 2X ETF) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - SPUU is a Leveraged Equities fund tracking the S&P 500 Index (200% Daily), while GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. Both are passively managed. Over the past 10 years, SPUU returned 24.69%/yr vs 19.76%/yr for GRID. A 0.71 correlation means they provide meaningful diversification when combined. SPUU charges 0.60%/yr vs 0.70%/yr for GRID.

Performance

SPUU vs. GRID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily S&P 500 Bull 2X ETF (SPUU) 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, SPUU achieves a 15.56% return, which is significantly lower than GRID's 23.59% return. Over the past 10 years, SPUU has outperformed GRID with an annualized return of 24.69%, while GRID has yielded a comparatively lower 19.76% annualized return.

SPUU

• 1D: 1.20%
• 1M: -2.20%
• YTD: 15.56%
• 6M: 15.85%
• 1Y: 47.93%
• 3Y*: 34.75%
• 5Y*: 19.14%
• 10Y*: 24.69%

GRID

• 1D: -0.18%
• 1M: -4.22%
• 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)

SPUU vs. GRID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPUU Direxion Daily S&P 500 Bull 2X ETF	15.56%	26.55%	44.25%	47.28%	-38.72%	61.27%	21.85%	66.84%	-14.59%	44.33%
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	23.59%	29.65%	15.18%	21.57%	-13.89%	27.65%	48.84%	42.80%	-22.69%	27.44%

Correlation

The correlation between SPUU and GRID is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jun 6, 2014	0.71

The correlation between SPUU and GRID shifts across timeframes, from 0.71 (all time) to 0.84 (5 years), reflecting how their relationship changes across market environments.

SPUU vs. GRID - Sectors Allocation Comparison

Sectors	SPUU	GRID
Technology	39.0%	12.6%
Financial Services	11.1%	-
Communication Services	10.6%	-
Consumer Cyclical	9.9%	2.4%
Healthcare	8.3%	-
Industrials	7.8%	24.4%
Consumer Defensive	4.5%	-
Energy	3.1%	1.6%
Utilities	2.1%	3.9%
Real Estate	1.8%	-
Basic Materials	1.7%	0.0%

Return for Risk

SPUU vs. GRID — Risk / Return Rank

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

SPUU

SPUU Risk / Return Rank: 60
SPUU Sharpe Ratio Rank: 63
SPUU Sortino Ratio Rank: 56
SPUU Omega Ratio Rank: 58
SPUU Calmar Ratio Rank: 56
SPUU Martin Ratio Rank: 66

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.

SPUU vs. GRID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P 500 Bull 2X ETF (SPUU) 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.

	SPUU	GRID	Difference
Sharpe ratio: Return per unit of total volatility	1.81	2.02	-0.21
Sortino ratio: Return per unit of downside risk	2.35	2.70	-0.35
Omega ratio: Gain probability vs. loss probability	1.31	1.35	-0.04
Calmar ratio: Return relative to maximum drawdown	2.47	3.57	-1.11
Martin ratio: Return relative to average drawdown	10.61	12.89	-2.28

SPUU vs. GRID - Sharpe Ratio Comparison

The current SPUU Sharpe Ratio is 1.81, which is comparable to the GRID Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of SPUU 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

SPUU vs. GRID - Drawdown Comparison

The maximum SPUU drawdown since its inception was -59.35%, which is greater than GRID's maximum drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for SPUU and GRID.

Drawdown Indicators

	SPUU	GRID	Difference
Max Drawdown Largest peak-to-trough decline	-59.35%	-40.56%	-18.79%
Max Drawdown (1Y) Largest decline over 1 year	-18.19%	-11.73%	-6.46%
Max Drawdown (3Y) Largest decline over 3 years	-35.18%	-20.77%	-14.41%
Max Drawdown (5Y) Largest decline over 5 years	-46.59%	-29.64%	-16.95%
Max Drawdown (10Y) Largest decline over 10 years	-59.35%	-40.56%	-18.79%
Current Drawdown Current decline from peak	-4.78%	-5.40%	+0.62%
Average Drawdown Average peak-to-trough decline	-9.49%	-8.42%	-1.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.23%	3.25%	+0.98%

Volatility

SPUU vs. GRID - Volatility Comparison

The current volatility for Direxion Daily S&P 500 Bull 2X ETF (SPUU) is 8.72%, while First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a volatility of 9.56%. This indicates that SPUU 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

	SPUU	GRID	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.72%	9.56%	-0.84%
Volatility (6M) Calculated over the trailing 6-month period	19.45%	17.70%	+1.75%
Volatility (1Y) Calculated over the trailing 1-year period	24.81%	20.73%	+4.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.59%	21.24%	+12.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.83%	22.90%	+12.93%

SPUU vs. GRID - Expense Ratio Comparison

SPUU has a 0.60% expense ratio, which is lower than GRID's 0.70% expense ratio.

Dividends

SPUU vs. GRID - Dividend Comparison

SPUU's dividend yield for the trailing twelve months is around 1.39%, more 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%
SPUU Direxion Daily S&P 500 Bull 2X ETF	1.39%	1.63%	0.55%	0.83%	0.88%	3.04%	8.03%	1.80%	5.50%	6.96%	8.08%	4.42%

Frequently Asked Questions

Can I hold both SPUU and GRID in my portfolio?

SPUU and GRID have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPUU or GRID?

GRID has higher volatility (9.56%) compared to SPUU (8.72%). In terms of maximum drawdown, SPUU dropped -59.35% vs GRID's -40.56%.

Which ETF is better, SPUU or GRID?

On 10-year performance, SPUU leads with 24.69% vs 19.76% for GRID. On fees, SPUU is cheaper at 0.60% per year. On volatility, SPUU has been the lower-risk option at 8.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPUU or GRID?

Over the 10-year period, SPUU has performed better with a 24.69% return vs 19.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPUU or GRID?

SPUU is cheaper with a 0.60% expense ratio, compared with 0.70% for GRID.

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

SPUU has the higher dividend yield at 1.39%, compared with 0.80% for GRID.

What is the main difference between SPUU and GRID?

SPUU is categorized as Leveraged Equities, while GRID is Alternative Energy Equities. SPUU tracks S&P 500 Index (200% Daily), while GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index. They also come from different issuers: Direxion and First Trust. Their fees differ too: 0.60% for SPUU and 0.70% for GRID.

Which has better risk-adjusted returns?

GRID currently has the higher Sharpe Ratio (2.02 vs 1.81), 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.