XFEB vs. GRID
XFEB (FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - XFEB 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. XFEB is actively managed, while GRID is passively managed. Over the past year, XFEB returned 11.85% vs 50.38% for GRID. A 0.73 correlation means they provide meaningful diversification when combined. XFEB charges 0.85%/yr vs 0.70%/yr for GRID.
Performance
XFEB vs. GRID - Performance Comparison
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Returns By Period
In the year-to-date period, XFEB achieves a 4.40% return, which is significantly lower than GRID's 29.16% return.
XFEB
- 1D
- -0.13%
- 1M
- 0.31%
- YTD
- 4.40%
- 6M
- 4.56%
- 1Y
- 11.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GRID
- 1D
- 1.46%
- 1M
- 2.61%
- YTD
- 29.16%
- 6M
- 28.54%
- 1Y
- 50.38%
- 3Y*
- 26.11%
- 5Y*
- 18.03%
- 10Y*
- 20.50%
XFEB vs. GRID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XFEB FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February | 4.40% | 9.12% | 9.14% |
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 29.16% | 29.65% | 13.99% |
Correlation
The correlation between XFEB and GRID is 0.73, 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 | 0.73 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2024 | 0.73 |
The correlation between XFEB and GRID has been stable across timeframes, ranging from 0.73 to 0.73 - a consistent structural relationship.
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Return for Risk
XFEB vs. GRID — Risk / Return Rank
XFEB
GRID
XFEB vs. GRID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February (XFEB) 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.
| XFEB | GRID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.42 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 4.32 | -1.43 |
| Martin ratioReturn relative to average drawdown | 16.75 | 15.44 | +1.31 |
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Drawdowns
XFEB vs. GRID - Drawdown Comparison
The maximum XFEB drawdown since its inception was -9.07%, smaller than the maximum GRID drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for XFEB and GRID.
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Drawdown Indicators
| XFEB | GRID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.07% | -40.56% | +31.49% |
Max Drawdown (1Y)Largest decline over 1 year | -4.12% | -11.73% | +7.61% |
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 | -0.27% | -1.14% | +0.87% |
Average DrawdownAverage peak-to-trough decline | -0.54% | -8.42% | +7.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 3.27% | -2.56% |
Volatility
XFEB vs. GRID - Volatility Comparison
The current volatility for FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February (XFEB) is 1.31%, while First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a volatility of 9.03%. This indicates that XFEB 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
| XFEB | GRID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 9.03% | -7.72% |
Volatility (6M)Calculated over the trailing 6-month period | 3.91% | 17.61% | -13.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.50% | 20.79% | -16.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.07% | 21.27% | -14.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.07% | 22.87% | -15.80% |
XFEB vs. GRID - Expense Ratio Comparison
XFEB has a 0.85% expense ratio, which is higher than GRID's 0.70% expense ratio.
Dividends
XFEB vs. GRID - Dividend Comparison
XFEB has not paid dividends to shareholders, while GRID's dividend yield for the trailing twelve months is around 0.76%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 0.76% | 1.01% | 1.06% | 1.23% | 1.26% | 0.63% | 0.68% | 1.26% | 1.28% | 1.07% | 1.07% | 1.23% |
XFEB FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February | 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
XFEB and GRID have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRID has higher volatility (9.03%) compared to XFEB (1.31%). In terms of maximum drawdown, XFEB dropped -9.07% vs GRID's -40.56%.
On 1-year performance, GRID leads with 50.38% vs 11.85% for XFEB. On fees, GRID is cheaper at 0.70% per year. On volatility, XFEB has been the lower-risk option at 1.31%. 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 50.38% return vs 11.85%. 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 XFEB.
GRID has the higher dividend yield at 0.76%, compared with 0.00% for XFEB.
XFEB is categorized as Defined Outcome, while GRID is Alternative Energy Equities. Their fees differ too: 0.85% for XFEB and 0.70% for GRID.
XFEB currently has the higher Sharpe Ratio (2.65 vs 2.44), 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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