UXOC vs. GRID

Last updated Jun 4, 2026

UXOC (FT Vest U.S. Equity Uncapped Accelerator ETF - October) and GRID (First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index) are both exchange-traded funds - UXOC 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. UXOC is actively managed, while GRID is passively managed. Over the past year, UXOC returned 28.98% vs 51.55% for GRID. Their correlation of 0.81 suggests significant overlap in exposure. UXOC charges 0.85%/yr vs 0.70%/yr for GRID.

Performance

UXOC vs. GRID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Uncapped Accelerator ETF - October (UXOC) 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, UXOC achieves a 11.39% return, which is significantly lower than GRID's 28.91% return.

UXOC

• 1D: -0.73%
• 1M: 5.74%
• YTD: 11.39%
• 6M: 11.16%
• 1Y: 28.98%
• 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%

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

UXOC vs. GRID - Yearly Performance Comparison

	2026 (YTD)	2025	2024
UXOC FT Vest U.S. Equity Uncapped Accelerator ETF - October	11.39%	17.29%	0.01%
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index	28.91%	29.65%	-5.10%

Correlation

The correlation between UXOC 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 Oct 22, 2024	0.81

The correlation between UXOC and GRID has been stable across timeframes, ranging from 0.80 to 0.81 - a consistent structural relationship.

Return for Risk

UXOC vs. GRID — Risk / Return Rank

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

UXOC

UXOC Risk / Return Rank: 66
UXOC Sharpe Ratio Rank: 68
UXOC Sortino Ratio Rank: 65
UXOC Omega Ratio Rank: 66
UXOC Calmar Ratio Rank: 60
UXOC Martin Ratio Rank: 71

GRID

GRID Risk / Return Rank: 79
GRID Sharpe Ratio Rank: 81
GRID Sortino Ratio Rank: 76
GRID Omega Ratio Rank: 74
GRID Calmar Ratio Rank: 82
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.

UXOC 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 - October (UXOC) 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.

	UXOC	GRID	Difference
Sharpe ratio Return per unit of total volatility	2.20	2.67	-0.47
Sortino ratio Return per unit of downside risk	2.97	3.50	-0.53
Omega ratio Gain probability vs. loss probability	1.39	1.45	-0.06
Calmar ratio Return relative to maximum drawdown	2.97	4.42	-1.45
Martin ratio Return relative to average drawdown	12.98	16.72	-3.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UXOC vs. GRID - Sharpe Ratio Comparison

The current UXOC Sharpe Ratio is 2.20, which is comparable to the GRID Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of UXOC 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

	UXOC	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	1.01	0.57	+0.44

Drawdowns

UXOC vs. GRID - Drawdown Comparison

The maximum UXOC drawdown since its inception was -19.93%, smaller than the maximum GRID drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for UXOC and GRID.

Drawdown Indicators

	UXOC	GRID	Difference
Max Drawdown Largest peak-to-trough decline	-19.93%	-40.56%	+20.63%
Max Drawdown (1Y) Largest decline over 1 year	-9.81%	-11.73%	+1.92%
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 Drawdown Current decline from peak	-0.73%	-1.33%	+0.60%
Average Drawdown Average peak-to-trough decline	-2.74%	-8.43%	+5.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	3.09%	-0.85%

Volatility

UXOC vs. GRID - Volatility Comparison

The current volatility for FT Vest U.S. Equity Uncapped Accelerator ETF - October (UXOC) is 3.36%, while First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) has a volatility of 7.95%. This indicates that UXOC 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

	UXOC	GRID	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	7.95%	-4.59%
Volatility (6M) Calculated over the trailing 6-month period	9.90%	16.08%	-6.18%
Volatility (1Y) Calculated over the trailing 1-year period	13.24%	19.39%	-6.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.96%	21.00%	-3.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.96%	22.81%	-4.85%

UXOC vs. GRID - Expense Ratio Comparison

UXOC has a 0.85% expense ratio, which is higher than GRID's 0.70% expense ratio.

Dividends

UXOC vs. GRID - Dividend Comparison

UXOC 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%
UXOC FT Vest U.S. Equity Uncapped Accelerator ETF - October	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

Can I hold both UXOC and GRID in my portfolio?

UXOC 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.

Which is riskier, UXOC or GRID?

GRID has higher volatility (7.95%) compared to UXOC (3.36%). In terms of maximum drawdown, UXOC dropped -19.93% vs GRID's -40.56%.

Which ETF is better, UXOC or GRID?

On 1-year performance, GRID leads with 51.55% vs 28.98% for UXOC. On fees, GRID is cheaper at 0.70% per year. On volatility, UXOC has been the lower-risk option at 3.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UXOC or GRID?

Over the 1-year period, GRID has performed better with a 51.55% return vs 28.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UXOC or GRID?

GRID is cheaper with a 0.70% expense ratio, compared with 0.85% for UXOC.

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

GRID has the higher dividend yield at 0.77%, compared with 0.00% for UXOC.

What is the main difference between UXOC and GRID?

UXOC is categorized as Defined Outcome, while GRID is Alternative Energy Equities. Their fees differ too: 0.85% for UXOC and 0.70% for GRID.

Which has better risk-adjusted returns?

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.