VOLTAS.NS vs. GRID

Last updated Jun 5, 2026

VOLTAS.NS (Voltas Limited) is a stock, while GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) is Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. Over the past 10 years, VOLTAS.NS returned 15.17%/yr vs 23.25%/yr for GRID. At a 0.06 correlation, their price movements are largely independent.

Performance

VOLTAS.NS vs. GRID - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Voltas Limited (VOLTAS.NS) and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VOLTAS.NS is traded in INR, while GRID is traded in USD. To make them comparable, the GRID values have been converted to INR using the latest available exchange rates.

Returns By Period

In the year-to-date period, VOLTAS.NS achieves a -5.51% return, which is significantly lower than GRID's 29.61% return. Over the past 10 years, VOLTAS.NS has underperformed GRID with an annualized return of 15.17%, while GRID has yielded a comparatively higher 23.25% annualized return.

VOLTAS.NS

• 1D: 4.14%
• 1M: -6.75%
• YTD: -5.51%
• 6M: -2.96%
• 1Y: 3.49%
• 3Y*: 16.59%
• 5Y*: 3.68%
• 10Y*: 15.17%

GRID

• 1D: -5.63%
• 1M: -4.81%
• YTD: 29.61%
• 6M: 29.35%
• 1Y: 59.63%
• 3Y*: 30.25%
• 5Y*: 22.97%
• 10Y*: 23.25%

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

VOLTAS.NS vs. GRID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VOLTAS.NS Voltas Limited	-5.51%	-23.65%	83.99%	23.08%	-34.15%	49.36%	25.98%	19.08%	-14.73%	102.23%
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	29.61%	35.86%	18.67%	22.41%	-4.63%	30.19%	52.59%	46.42%	-15.70%	19.52%

Correlation

The correlation between VOLTAS.NS and GRID is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (10Y) Calculated over the trailing 10-year period	0.06
Correlation (All Time) Calculated using the full available price history since Nov 18, 2009	0.06

Return for Risk

VOLTAS.NS vs. GRID — Risk / Return Rank

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

VOLTAS.NS

VOLTAS.NS Risk / Return Rank: 45
VOLTAS.NS Sharpe Ratio Rank: 47
VOLTAS.NS Sortino Ratio Rank: 41
VOLTAS.NS Omega Ratio Rank: 40
VOLTAS.NS Calmar Ratio Rank: 47
VOLTAS.NS Martin Ratio Rank: 49

GRID

GRID Risk / Return Rank: 70
GRID Sharpe Ratio Rank: 70
GRID Sortino Ratio Rank: 64
GRID Omega Ratio Rank: 65
GRID Calmar Ratio Rank: 76
GRID Martin Ratio Rank: 76

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.

VOLTAS.NS vs. GRID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voltas Limited (VOLTAS.NS) 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.

	VOLTAS.NS	GRID	Difference
Sharpe ratio: Return per unit of total volatility	0.17	3.08	-2.91
Sortino ratio: Return per unit of downside risk	0.45	3.79	-3.34
Omega ratio: Gain probability vs. loss probability	1.05	1.53	-0.47
Calmar ratio: Return relative to maximum drawdown	0.24	7.15	-6.91
Martin ratio: Return relative to average drawdown	0.62	25.43	-24.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VOLTAS.NS vs. GRID - Sharpe Ratio Comparison

The current VOLTAS.NS Sharpe Ratio is 0.17, which is lower than the GRID Sharpe Ratio of 3.08. The chart below compares the historical Sharpe Ratios of VOLTAS.NS 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

	VOLTAS.NS	GRID	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.17	3.08	-2.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	1.15	-1.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	1.08	-0.59
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.81	-0.46

Drawdowns

VOLTAS.NS vs. GRID - Drawdown Comparison

The maximum VOLTAS.NS drawdown since its inception was -87.65%, which is greater than GRID's maximum drawdown of -37.50%. Use the drawdown chart below to compare losses from any high point for VOLTAS.NS and GRID.

Drawdown Indicators

	VOLTAS.NS	GRID	Difference
Max Drawdown Largest peak-to-trough decline	-87.65%	-37.50%	-50.15%
Max Drawdown (1Y) Largest decline over 1 year	-21.72%	-8.38%	-13.34%
Max Drawdown (3Y) Largest decline over 3 years	-37.45%	-20.34%	-17.11%
Max Drawdown (5Y) Largest decline over 5 years	-43.82%	-23.68%	-20.14%
Max Drawdown (10Y) Largest decline over 10 years	-43.82%	-37.50%	-6.32%
Current Drawdown Current decline from peak	-33.04%	-6.49%	-26.55%
Average Drawdown Average peak-to-trough decline	-34.70%	-5.97%	-28.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.39%	2.35%	+6.04%

Volatility

VOLTAS.NS vs. GRID - Volatility Comparison

Voltas Limited (VOLTAS.NS) and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) have volatilities of 9.98% and 9.61%, 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.

Volatility by Period

	VOLTAS.NS	GRID	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.98%	9.61%	+0.37%
Volatility (6M) Calculated over the trailing 6-month period	25.93%	16.52%	+9.41%
Volatility (1Y) Calculated over the trailing 1-year period	31.47%	19.50%	+11.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.60%	20.02%	+10.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.97%	21.67%	+10.30%

Dividends

VOLTAS.NS vs. GRID - Dividend Comparison

VOLTAS.NS's dividend yield for the trailing twelve months is around 0.54%, less 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%
VOLTAS.NS Voltas Limited	0.54%	0.51%	0.31%	0.43%	0.69%	0.41%	0.49%	0.61%	0.72%	0.53%	0.80%	0.69%

Frequently Asked Questions

Can I hold both VOLTAS.NS and GRID in my portfolio?

VOLTAS.NS and GRID have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.