TDVI vs. GRID
TDVI (FT Vest Technology Dividend Target Income ETF) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - TDVI is a Derivative Income fund actively managed by First Trust, while GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. TDVI is actively managed, while GRID is passively managed. Over the past year, TDVI returned 32.62% vs 42.41% for GRID. A 0.77 correlation means they provide meaningful diversification when combined. TDVI charges 0.75%/yr vs 0.70%/yr for GRID.
Performance
TDVI vs. GRID - Performance Comparison
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Returns By Period
In the year-to-date period, TDVI achieves a 18.72% return, which is significantly lower than GRID's 23.40% return.
TDVI
- 1D
- -2.42%
- 1M
- -1.18%
- YTD
- 18.72%
- 6M
- 17.79%
- 1Y
- 32.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GRID
- 1D
- -4.46%
- 1M
- -1.96%
- YTD
- 23.40%
- 6M
- 22.11%
- 1Y
- 42.41%
- 3Y*
- 24.21%
- 5Y*
- 16.63%
- 10Y*
- 19.95%
TDVI vs. GRID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TDVI FT Vest Technology Dividend Target Income ETF | 18.72% | 24.75% | 22.84% | 9.95% |
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 23.40% | 29.65% | 15.18% | 4.48% |
Correlation
The correlation between TDVI and GRID is 0.74, 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 | 0.74 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2023 | 0.77 |
The correlation between TDVI and GRID has been stable across timeframes, ranging from 0.74 to 0.77 - a consistent structural relationship.
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Return for Risk
TDVI vs. GRID — Risk / Return Rank
TDVI
GRID
TDVI vs. GRID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Technology Dividend Target Income ETF (TDVI) 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.
| TDVI | GRID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.35 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 3.63 | -0.70 |
| Martin ratioReturn relative to average drawdown | 8.91 | 12.92 | -4.01 |
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Drawdowns
TDVI vs. GRID - Drawdown Comparison
The maximum TDVI drawdown since its inception was -22.08%, smaller than the maximum GRID drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for TDVI and GRID.
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Drawdown Indicators
| TDVI | GRID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.08% | -40.56% | +18.48% |
Max Drawdown (1Y)Largest decline over 1 year | -11.16% | -11.73% | +0.57% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.77% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.56% | — |
Current DrawdownCurrent decline from peak | -10.40% | -5.55% | -4.85% |
Average DrawdownAverage peak-to-trough decline | -3.09% | -8.42% | +5.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 3.29% | +0.38% |
Volatility
TDVI vs. GRID - Volatility Comparison
FT Vest Technology Dividend Target Income ETF (TDVI) and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) have volatilities of 10.46% and 10.12%, 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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Volatility by Period
| TDVI | GRID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.46% | 10.12% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 15.25% | 18.23% | -2.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.33% | 21.26% | -1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.07% | 21.37% | -1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.07% | 22.80% | -2.73% |
TDVI vs. GRID - Expense Ratio Comparison
TDVI has a 0.75% expense ratio, which is higher than GRID's 0.70% expense ratio.
Dividends
TDVI vs. GRID - Dividend Comparison
TDVI's dividend yield for the trailing twelve months is around 7.03%, 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% |
TDVI FT Vest Technology Dividend Target Income ETF | 7.03% | 7.53% | 7.90% | 3.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TDVI and GRID have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TDVI has higher volatility (10.46%) compared to GRID (10.12%). In terms of maximum drawdown, TDVI dropped -22.08% vs GRID's -40.56%.
On 1-year performance, GRID leads with 42.41% vs 32.62% for TDVI. On fees, GRID is cheaper at 0.70% per year. On volatility, GRID has been the lower-risk option at 10.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GRID has performed better with a 42.41% return vs 32.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GRID is cheaper with a 0.70% expense ratio, compared with 0.75% for TDVI.
TDVI has the higher dividend yield at 7.03%, compared with 0.80% for GRID.
TDVI is categorized as Derivative Income, while GRID is Alternative Energy Equities. Their fees differ too: 0.75% for TDVI and 0.70% for GRID.
GRID currently has the higher Sharpe Ratio (2.01 vs 1.70), 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.
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