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XLUS.L vs. GRID
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XLUS.L vs. GRID

Last updated Jul 16, 2026
Documentation

XLUS.L (Invesco Utilities S&P US Select Sector UCITS ETF Acc) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - XLUS.L is a Utilities Equities fund tracking the S&P® Select Sector Capped 20% Utilities Index, while GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. Both are passively managed. Over the past 10 years, XLUS.L returned 8.62%/yr vs 18.73%/yr for GRID. At a 0.21 correlation, their price movements are largely independent. XLUS.L charges 0.14%/yr vs 0.70%/yr for GRID.

Performance

XLUS.L vs. GRID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Utilities S&P US Select Sector UCITS ETF Acc (XLUS.L) and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XLUS.L achieves a 7.65% return, which is significantly lower than GRID's 19.90% return. Over the past 10 years, XLUS.L has underperformed GRID with an annualized return of 8.62%, while GRID has yielded a comparatively higher 18.73% annualized return.

XLUS.L

1D
-0.25%
1M
3.00%
6M
7.59%
YTD
7.65%
1Y
14.51%
3Y*
13.85%
5Y*
9.36%
10Y*
8.62%

GRID

1D
-0.59%
1M
-4.72%
6M
17.33%
YTD
19.90%
1Y
32.66%
3Y*
20.81%
5Y*
16.16%
10Y*
18.73%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XLUS.L vs. GRID - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XLUS.L
Invesco Utilities S&P US Select Sector UCITS ETF Acc		7.65%15.68%22.50%-7.74%1.91%18.46%-1.37%25.26%2.91%10.83%
GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund		19.90%29.65%15.18%21.57%-13.89%27.65%48.84%42.80%-22.69%27.44%

Correlation

The correlation between XLUS.L and GRID is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.13

Correlation (3Y)
Calculated over the trailing 3-year period

0.19

Correlation (5Y)
Calculated over the trailing 5-year period

0.22

Correlation (10Y)
Calculated over the trailing 10-year period

0.19

Correlation (All Time)
Calculated using the full available price history since Dec 16, 2009

0.21

XLUS.L vs. GRID - Sectors Allocation Comparison

Sectors
XLUS.L
GRID

Utilities

100.0%
4.0%

Basic Materials

-

0.8%

Communication Services

-

-

Consumer Cyclical

-

2.4%

Consumer Defensive

-

-

Energy

-

1.6%

Financial Services

-

-

Healthcare

-

-

Industrials

-

25.4%

Real Estate

-

-

Technology

-

11.9%

Utilities

XLUS.L
100.0%
GRID
4.0%

Basic Materials

XLUS.L

-

GRID
0.8%

Communication Services

XLUS.L

-

GRID

-

Consumer Cyclical

XLUS.L

-

GRID
2.4%

Consumer Defensive

XLUS.L

-

GRID

-

Energy

XLUS.L

-

GRID
1.6%

Financial Services

XLUS.L

-

GRID

-

Healthcare

XLUS.L

-

GRID

-

Industrials

XLUS.L

-

GRID
25.4%

Real Estate

XLUS.L

-

GRID

-

Technology

XLUS.L

-

GRID
11.9%

Compare stocks, funds, or ETFs

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Invesco Utilities S&P US Select Sector UCITS ETF Acc

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

Often compared with XLUS.L:
XLUS.L vs. C300.LXLUS.L vs. FUTYXLUS.L vs. UTIL.LXLUS.L vs. SXLU.LXLUS.L vs. WUTI.LXLUS.L vs. FTWG.LXLUS.L vs. IUSU.L
Often compared with GRID:
GRID vs. ICLNGRID vs. NLRGRID vs. VOOGRID vs. POWRGRID vs. VOLTGRID vs. PAVEGRID vs. FIW

Return for Risk

XLUS.L vs. GRID — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XLUS.L
XLUS.L Risk / Return Rank: 3131
Overall Rank
XLUS.L Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
XLUS.L Sortino Ratio Rank: 3030
Sortino Ratio Rank
XLUS.L Omega Ratio Rank: 2929
Omega Ratio Rank
XLUS.L Calmar Ratio Rank: 3838
Calmar Ratio Rank
XLUS.L Martin Ratio Rank: 2828
Martin Ratio Rank
GRID
GRID Risk / Return Rank: 5858
Overall Rank
GRID Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
GRID Sortino Ratio Rank: 5050
Sortino Ratio Rank
GRID Omega Ratio Rank: 5252
Omega Ratio Rank
GRID Calmar Ratio Rank: 7070
Calmar Ratio Rank
GRID Martin Ratio Rank: 6262
Martin Ratio Rank
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.

XLUS.L vs. GRID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Utilities S&P US Select Sector UCITS ETF Acc (XLUS.L) 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.

XLUS.LGRIDDifference
Sharpe ratioReturn per unit of total volatility
0.98
1.49

-0.51

Sortino ratioReturn per unit of downside risk
1.43
2.03

-0.59

Omega ratioGain probability vs. loss probability

1.17

1.26

-0.09

Calmar ratioReturn relative to maximum drawdown

1.62

2.80

-1.18

Martin ratioReturn relative to average drawdown

3.20

8.86

-5.66

XLUS.L vs. GRID - Sharpe Ratio Comparison

The current XLUS.L Sharpe Ratio is 0.98, which is lower than the GRID Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of XLUS.L 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.

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Drawdowns

XLUS.L vs. GRID - Drawdown Comparison

The maximum XLUS.L drawdown since its inception was -36.30%, smaller than the maximum GRID drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for XLUS.L and GRID.

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Drawdown Indicators

XLUS.LGRIDDifference

Max Drawdown

Largest peak-to-trough decline

-36.30%

-40.56%

+4.26%

Max Drawdown (1Y)

Largest decline over 1 year

-8.92%

-11.73%

+2.81%

Max Drawdown (3Y)

Largest decline over 3 years

-18.43%

-20.77%

+2.34%

Max Drawdown (5Y)

Largest decline over 5 years

-26.24%

-29.64%

+3.40%

Max Drawdown (10Y)

Largest decline over 10 years

-36.30%

-40.56%

+4.26%

Current Drawdown

Current decline from peak

-3.39%

-8.23%

+4.84%

Average Drawdown

Average peak-to-trough decline

-5.68%

-8.41%

+2.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.53%

3.70%

+0.83%

Volatility

XLUS.L vs. GRID - Volatility Comparison

The current volatility for Invesco Utilities S&P US Select Sector UCITS ETF Acc (XLUS.L) is 4.23%, while First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a volatility of 8.63%. This indicates that XLUS.L 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

XLUS.LGRIDDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.23%

8.63%

-4.40%

Volatility (6M)

Calculated over the trailing 6-month period

12.04%

19.15%

-7.11%

Volatility (1Y)

Calculated over the trailing 1-year period

14.78%

22.00%

-7.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.06%

21.51%

-4.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.12%

22.70%

-4.58%

XLUS.L vs. GRID - Expense Ratio Comparison

XLUS.L has a 0.14% expense ratio, which is lower than GRID's 0.70% expense ratio.

Dividends

XLUS.L vs. GRID - Dividend Comparison

XLUS.L has not paid dividends to shareholders, while GRID's dividend yield for the trailing twelve months is around 0.78%.

PositionTTM20252024202320222021202020192018201720162015
GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund		0.78%1.01%1.06%1.23%1.26%0.63%0.68%1.26%1.28%1.07%1.07%1.23%
XLUS.L
Invesco Utilities S&P US Select Sector UCITS ETF Acc		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

XLUS.L and GRID have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XLUS.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XLUS.L is cheaper with a 0.14% expense ratio, compared with 0.70% for GRID.

XLUS.L is categorized as Utilities Equities, while GRID is Alternative Energy Equities. XLUS.L tracks S&P® Select Sector Capped 20% Utilities Index, while GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.14% for XLUS.L and 0.70% for GRID.

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