XWEQ.DE vs. GRID
XWEQ.DE (Xtrackers MSCI World Quality ESG UCITS ETF 1C) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - XWEQ.DE is a Global Equities fund tracking the MSCI World Quality Low Carbon SRI Screened Select, while GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. Both are passively managed. Over the past year, XWEQ.DE returned 23.57% vs 43.31% for GRID. A 0.54 correlation means they provide meaningful diversification when combined. XWEQ.DE charges 0.25%/yr vs 0.70%/yr for GRID.
Performance
XWEQ.DE vs. GRID - Performance Comparison
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Different Trading Currencies
XWEQ.DE is traded in EUR, while GRID is traded in USD. To make them comparable, the GRID values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XWEQ.DE achieves a 9.71% return, which is significantly lower than GRID's 25.05% return.
XWEQ.DE
- 1D
- 0.77%
- 1M
- 2.68%
- YTD
- 9.71%
- 6M
- 11.10%
- 1Y
- 23.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GRID
- 1D
- -4.03%
- 1M
- -3.27%
- YTD
- 25.05%
- 6M
- 23.77%
- 1Y
- 43.31%
- 3Y*
- 21.22%
- 5Y*
- 17.95%
- 10Y*
- 18.84%
XWEQ.DE vs. GRID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XWEQ.DE Xtrackers MSCI World Quality ESG UCITS ETF 1C | 9.71% | 4.46% | 25.97% | 0.47% |
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 25.05% | 14.27% | 22.79% | -0.27% |
Correlation
The correlation between XWEQ.DE and GRID is 0.57, 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 | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2023 | 0.54 |
The correlation between XWEQ.DE and GRID has been stable across timeframes, ranging from 0.54 to 0.57 - a consistent structural relationship.
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Return for Risk
XWEQ.DE vs. GRID — Risk / Return Rank
XWEQ.DE
GRID
XWEQ.DE vs. GRID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Quality ESG UCITS ETF 1C (XWEQ.DE) 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.
| XWEQ.DE | GRID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.40 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 4.79 | -1.53 |
| Martin ratioReturn relative to average drawdown | 12.77 | 15.87 | -3.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XWEQ.DE | GRID | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 2.33 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.92 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 0.66 | +0.23 |
Drawdowns
XWEQ.DE vs. GRID - Drawdown Comparison
The maximum XWEQ.DE drawdown since its inception was -22.80%, smaller than the maximum GRID drawdown of -41.27%. Use the drawdown chart below to compare losses from any high point for XWEQ.DE and GRID.
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Drawdown Indicators
| XWEQ.DE | GRID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.80% | -41.27% | +18.47% |
Max Drawdown (1Y)Largest decline over 1 year | -7.24% | -9.08% | +1.84% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.27% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.27% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.27% | — |
Current DrawdownCurrent decline from peak | -0.73% | -4.22% | +3.49% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -7.11% | +2.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 2.74% | -0.88% |
Volatility
XWEQ.DE vs. GRID - Volatility Comparison
The current volatility for Xtrackers MSCI World Quality ESG UCITS ETF 1C (XWEQ.DE) is 2.76%, while First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a volatility of 8.02%. This indicates that XWEQ.DE 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
| XWEQ.DE | GRID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.76% | 8.02% | -5.26% |
Volatility (6M)Calculated over the trailing 6-month period | 8.36% | 15.29% | -6.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.73% | 18.74% | -7.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 19.53% | -4.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.18% | 22.14% | -6.96% |
XWEQ.DE vs. GRID - Expense Ratio Comparison
XWEQ.DE has a 0.25% expense ratio, which is lower than GRID's 0.70% expense ratio.
Dividends
XWEQ.DE vs. GRID - Dividend Comparison
XWEQ.DE has not paid dividends to shareholders, while GRID's dividend yield for the trailing twelve months is around 0.80%.
| 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% |
XWEQ.DE Xtrackers MSCI World Quality ESG UCITS ETF 1C | 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
XWEQ.DE and GRID have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XWEQ.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XWEQ.DE is cheaper with a 0.25% expense ratio, compared with 0.70% for GRID.
XWEQ.DE is categorized as Global Equities, while GRID is Alternative Energy Equities. XWEQ.DE tracks MSCI World Quality Low Carbon SRI Screened Select, while GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index. They also come from different issuers: Xtrackers and First Trust. Their fees differ too: 0.25% for XWEQ.DE and 0.70% for GRID.
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