XPND vs. GRID

Last updated Jun 26, 2026

XPND (First Trust Expanded Technology ETF) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - XPND is a Technology Equities fund actively managed by First Trust, while GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. XPND is actively managed, while GRID is passively managed. Over the past 5 years, XPND returned 14.69%/yr vs 16.82%/yr for GRID. A 0.78 correlation means they provide meaningful diversification when combined. XPND charges 0.65%/yr vs 0.70%/yr for GRID.

Performance

XPND vs. GRID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Expanded Technology ETF (XPND) and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XPND achieves a 11.27% return, which is significantly lower than GRID's 24.91% return.

XPND

• 1D: 1.55%
• 1M: -0.19%
• YTD: 11.27%
• 6M: 9.26%
• 1Y: 22.58%
• 3Y*: 26.05%
• 5Y*: 14.69%
• 10Y*: —

GRID

• 1D: 1.52%
• 1M: -3.05%
• YTD: 24.91%
• 6M: 23.50%
• 1Y: 41.98%
• 3Y*: 24.52%
• 5Y*: 16.82%
• 10Y*: 20.66%

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

XPND vs. GRID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XPND First Trust Expanded Technology ETF	11.27%	18.82%	29.61%	46.13%	-29.66%	15.05%
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	24.91%	29.65%	15.18%	21.57%	-13.89%	12.59%

Correlation

The correlation between XPND and GRID is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jun 15, 2021	0.78

The correlation between XPND and GRID has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.

XPND vs. GRID - Sectors Allocation Comparison

Sectors	XPND	GRID
Technology	74.6%	12.5%
Communication Services	17.7%	-
Financial Services	7.7%	-
Basic Materials	-	0.0%
Consumer Cyclical	-	2.3%
Consumer Defensive	-	-
Energy	-	1.6%
Healthcare	-	-
Industrials	-	24.2%
Real Estate	-	-
Utilities	-	3.9%

Return for Risk

XPND vs. GRID — Risk / Return Rank

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

XPND

XPND Risk / Return Rank: 31
XPND Sharpe Ratio Rank: 35
XPND Sortino Ratio Rank: 32
XPND Omega Ratio Rank: 33
XPND Calmar Ratio Rank: 28
XPND Martin Ratio Rank: 29

GRID

GRID Risk / Return Rank: 72
GRID Sharpe Ratio Rank: 72
GRID Sortino Ratio Rank: 66
GRID Omega Ratio Rank: 68
GRID Calmar Ratio Rank: 80
GRID Martin Ratio Rank: 77

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.

XPND vs. GRID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Expanded Technology ETF (XPND) 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.

	XPND	GRID	Difference
Sharpe ratio: Return per unit of total volatility	1.15	1.99	-0.84
Sortino ratio: Return per unit of downside risk	1.59	2.61	-1.02
Omega ratio: Gain probability vs. loss probability	1.21	1.35	-0.14
Calmar ratio: Return relative to maximum drawdown	1.31	3.60	-2.29
Martin ratio: Return relative to average drawdown	3.75	12.67	-8.91

XPND vs. GRID - Sharpe Ratio Comparison

The current XPND Sharpe Ratio is 1.15, which is lower than the GRID Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of XPND 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.

Drawdowns

XPND vs. GRID - Drawdown Comparison

The maximum XPND drawdown since its inception was -38.00%, smaller than the maximum GRID drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for XPND and GRID.

Drawdown Indicators

	XPND	GRID	Difference
Max Drawdown Largest peak-to-trough decline	-38.00%	-40.56%	+2.56%
Max Drawdown (1Y) Largest decline over 1 year	-17.38%	-11.73%	-5.65%
Max Drawdown (3Y) Largest decline over 3 years	-23.37%	-20.77%	-2.60%
Max Drawdown (5Y) Largest decline over 5 years	-38.00%	-29.64%	-8.36%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.56%	—
Current Drawdown Current decline from peak	-5.14%	-4.40%	-0.74%
Average Drawdown Average peak-to-trough decline	-10.00%	-8.41%	-1.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.03%	3.32%	+2.71%

Volatility

XPND vs. GRID - Volatility Comparison

First Trust Expanded Technology ETF (XPND) and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) have volatilities of 9.93% and 9.91%, 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

	XPND	GRID	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.93%	9.91%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	16.31%	18.26%	-1.95%
Volatility (1Y) Calculated over the trailing 1-year period	19.76%	21.22%	-1.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.14%	21.37%	+2.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.08%	22.79%	+1.29%

XPND vs. GRID - Expense Ratio Comparison

XPND has a 0.65% expense ratio, which is lower than GRID's 0.70% expense ratio.

Dividends

XPND vs. GRID - Dividend Comparison

XPND's dividend yield for the trailing twelve months is around 0.11%, less than GRID's 1.19% 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	1.19%	1.01%	1.06%	1.23%	1.26%	0.63%	0.68%	1.26%	1.28%	1.07%	1.07%	1.23%
XPND First Trust Expanded Technology ETF	0.11%	0.08%	0.12%	0.18%	0.34%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XPND and GRID in my portfolio?

XPND and GRID have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XPND or GRID?

XPND has higher volatility (9.93%) compared to GRID (9.91%). In terms of maximum drawdown, XPND dropped -38.00% vs GRID's -40.56%.

Which ETF is better, XPND or GRID?

On 5-year performance, GRID leads with 16.82% vs 14.69% for XPND. On fees, XPND is cheaper at 0.65% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XPND or GRID?

Over the 5-year period, GRID has performed better with a 16.82% return vs 14.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XPND or GRID?

XPND is cheaper with a 0.65% expense ratio, compared with 0.70% for GRID.

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

GRID has the higher dividend yield at 1.19%, compared with 0.11% for XPND.

What is the main difference between XPND and GRID?

XPND is categorized as Technology Equities, while GRID is Alternative Energy Equities. Their fees differ too: 0.65% for XPND and 0.70% for GRID.

Which has better risk-adjusted returns?

GRID currently has the higher Sharpe Ratio (1.99 vs 1.15), 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.