UXAP vs. GRID
UXAP (FT Vest U.S. Equity Uncapped Accelerator ETF - April) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - UXAP is a Defined Outcome fund actively managed by First Trust, while GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. UXAP is actively managed, while GRID is passively managed. Over the past year, UXAP returned 24.80% vs 42.41% for GRID. A 0.80 correlation means they provide meaningful diversification when combined. UXAP charges 0.85%/yr vs 0.70%/yr for GRID.
Performance
UXAP vs. GRID - Performance Comparison
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Returns By Period
In the year-to-date period, UXAP achieves a 8.53% return, which is significantly lower than GRID's 23.40% return.
UXAP
- 1D
- -1.37%
- 1M
- -1.33%
- YTD
- 8.53%
- 6M
- 7.51%
- 1Y
- 24.80%
- 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%
UXAP vs. GRID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UXAP FT Vest U.S. Equity Uncapped Accelerator ETF - April | 8.53% | 35.20% |
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 23.40% | 37.46% |
Correlation
The correlation between UXAP and GRID is 0.79, 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 | 0.79 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2025 | 0.80 |
The correlation between UXAP and GRID has been stable across timeframes, ranging from 0.79 to 0.80 - a consistent structural relationship.
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Return for Risk
UXAP vs. GRID — Risk / Return Rank
UXAP
GRID
UXAP vs. GRID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Uncapped Accelerator ETF - April (UXAP) 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.
| UXAP | GRID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.35 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 3.63 | -1.25 |
| Martin ratioReturn relative to average drawdown | 10.49 | 12.92 | -2.43 |
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Drawdowns
UXAP vs. GRID - Drawdown Comparison
The maximum UXAP drawdown since its inception was -10.45%, smaller than the maximum GRID drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for UXAP and GRID.
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Drawdown Indicators
| UXAP | GRID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.45% | -40.56% | +30.11% |
Max Drawdown (1Y)Largest decline over 1 year | -10.45% | -11.73% | +1.28% |
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 | -3.31% | -5.55% | +2.24% |
Average DrawdownAverage peak-to-trough decline | -1.29% | -8.42% | +7.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 3.29% | -0.92% |
Volatility
UXAP vs. GRID - Volatility Comparison
The current volatility for FT Vest U.S. Equity Uncapped Accelerator ETF - April (UXAP) is 5.19%, while First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a volatility of 10.12%. This indicates that UXAP 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.
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Volatility by Period
| UXAP | GRID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 10.12% | -4.93% |
Volatility (6M)Calculated over the trailing 6-month period | 11.23% | 18.23% | -7.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.18% | 21.26% | -7.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.56% | 21.37% | -6.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.56% | 22.80% | -8.24% |
UXAP vs. GRID - Expense Ratio Comparison
UXAP has a 0.85% expense ratio, which is higher than GRID's 0.70% expense ratio.
Dividends
UXAP vs. GRID - Dividend Comparison
UXAP has not paid dividends to shareholders, while GRID's dividend yield for the trailing twelve months is around 0.80%.
| 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% |
UXAP FT Vest U.S. Equity Uncapped Accelerator ETF - April | 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
UXAP and GRID have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRID has higher volatility (10.12%) compared to UXAP (5.19%). In terms of maximum drawdown, UXAP dropped -10.45% vs GRID's -40.56%.
On 1-year performance, GRID leads with 42.41% vs 24.80% for UXAP. On fees, GRID is cheaper at 0.70% per year. On volatility, UXAP has been the lower-risk option at 5.19%. 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 24.80%. 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 0.85% for UXAP.
GRID has the higher dividend yield at 0.80%, compared with 0.00% for UXAP.
UXAP is categorized as Defined Outcome, while GRID is Alternative Energy Equities. Their fees differ too: 0.85% for UXAP and 0.70% for GRID.
GRID currently has the higher Sharpe Ratio (2.01 vs 1.76), 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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