UXJA vs. GRID
UXJA (FT Vest U.S. Equity Uncapped Accelerator ETF - January) and GRID (First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index) are both exchange-traded funds - UXJA is a Defined Outcome fund actively managed by First Trust, while GRID is a Alternative Energy Equities fund tracking the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index. UXJA is actively managed, while GRID is passively managed. Over the past year, UXJA returned 29.61% vs 51.55% for GRID. Their correlation of 0.81 suggests significant overlap in exposure. UXJA charges 0.85%/yr vs 0.70%/yr for GRID.
Performance
UXJA vs. GRID - Performance Comparison
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Returns By Period
In the year-to-date period, UXJA achieves a 11.66% return, which is significantly lower than GRID's 28.91% return.
UXJA
- 1D
- -0.67%
- 1M
- 5.79%
- YTD
- 11.66%
- 6M
- 11.51%
- 1Y
- 29.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GRID
- 1D
- -0.17%
- 1M
- 3.85%
- YTD
- 28.91%
- 6M
- 29.60%
- 1Y
- 51.55%
- 3Y*
- 26.27%
- 5Y*
- 17.84%
- 10Y*
- 19.76%
UXJA vs. GRID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UXJA FT Vest U.S. Equity Uncapped Accelerator ETF - January | 11.66% | 13.93% |
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index | 28.91% | 23.02% |
Correlation
The correlation between UXJA and GRID is 0.80, 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 | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2025 | 0.81 |
The correlation between UXJA and GRID has been stable across timeframes, ranging from 0.80 to 0.81 - a consistent structural relationship.
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Return for Risk
UXJA vs. GRID — Risk / Return Rank
UXJA
GRID
UXJA 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 - January (UXJA) 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.
| UXJA | GRID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.45 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 4.42 | -1.39 |
| Martin ratioReturn relative to average drawdown | 13.05 | 16.72 | -3.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UXJA | GRID | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 2.67 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.85 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.04 | 0.57 | +0.47 |
Drawdowns
UXJA vs. GRID - Drawdown Comparison
The maximum UXJA drawdown since its inception was -20.01%, smaller than the maximum GRID drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for UXJA and GRID.
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Drawdown Indicators
| UXJA | GRID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.01% | -40.56% | +20.55% |
Max Drawdown (1Y)Largest decline over 1 year | -9.83% | -11.73% | +1.90% |
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 | -0.67% | -1.33% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -2.97% | -8.43% | +5.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 3.09% | -0.82% |
Volatility
UXJA vs. GRID - Volatility Comparison
The current volatility for FT Vest U.S. Equity Uncapped Accelerator ETF - January (UXJA) is 3.40%, while First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) has a volatility of 7.95%. This indicates that UXJA 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
| UXJA | GRID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 7.95% | -4.55% |
Volatility (6M)Calculated over the trailing 6-month period | 10.05% | 16.08% | -6.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.54% | 19.39% | -5.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.59% | 21.00% | -2.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.59% | 22.81% | -4.22% |
UXJA vs. GRID - Expense Ratio Comparison
UXJA has a 0.85% expense ratio, which is higher than GRID's 0.70% expense ratio.
Dividends
UXJA vs. GRID - Dividend Comparison
UXJA has not paid dividends to shareholders, while GRID's dividend yield for the trailing twelve months is around 0.77%.
| 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% |
UXJA FT Vest U.S. Equity Uncapped Accelerator ETF - January | 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
UXJA and GRID have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRID has higher volatility (7.95%) compared to UXJA (3.40%). In terms of maximum drawdown, UXJA dropped -20.01% vs GRID's -40.56%.
On 1-year performance, GRID leads with 51.55% vs 29.61% for UXJA. On fees, GRID is cheaper at 0.70% per year. On volatility, UXJA has been the lower-risk option at 3.40%. 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 51.55% return vs 29.61%. 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 UXJA.
GRID has the higher dividend yield at 0.77%, compared with 0.00% for UXJA.
UXJA is categorized as Defined Outcome, while GRID is Alternative Energy Equities. Their fees differ too: 0.85% for UXJA and 0.70% for GRID.
GRID currently has the higher Sharpe Ratio (2.67 vs 2.20), 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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