First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) belongs to the Alternative Energy Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with GRID. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GRID
GRID charges 0.70% annually. There are 19 ETFs in the Alternative Energy Equities category with lower expense ratios, going as low as 0.20%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock World ex U.S. Carbon Transition Readines... | 0.20% | 282.22M | Apr 2021 | GRID vs LCTD | |
| Themes Uranium & Nuclear ETF | 0.35% | — | Sep 2024 | GRID vs URAN | |
| Fidelity Clean Energy ETF | 0.39% | 153.82M | Oct 2021 | GRID vs FRNW | |
| iShares Global Clean Energy ETF | 0.39% | 2.59B | Jun 2008 | GRID vs ICLN | |
| Direxion Hydrogen ETF | 0.45% | 21.26M | Mar 2021 | GRID vs HJEN |
Best Risk-Adjusted Alternatives to GRID
GRID has a PortfoliosLab risk / return rank of 60. There are 3 ETFs in the Alternative Energy Equities category with higher risk-adjusted ranks, going as high as 90.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Energy Storage & Materials ETF | 90 | 74.40M | Mar 2024 | GRID vs IBAT | |
| Macquarie Energy Transition ETF | 72 | 12.79M | Nov 2023 | GRID vs PWER | |
| Global X Hydrogen ETF | 61 | 91.40M | Jul 2021 | GRID vs HYDR | |
| First Trust Global Wind Energy ETF | 59 | 281.59M | Jun 2008 | GRID vs FAN | |
| Invesco Global Clean Energy ETF | 59 | 196.44M | Jun 2007 | GRID vs PBD |
Top Performing GRID Alternatives (YTD)
GRID is at 20.61% YTD. There are 3 ETFs in the Alternative Energy Equities category with higher YTD returns, going as high as 44.58%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Global X Hydrogen ETF | 44.58% | 91.40M | Jul 2021 | GRID vs HYDR | |
| iShares Energy Storage & Materials ETF | 43.48% | 74.40M | Mar 2024 | GRID vs IBAT | |
| First Trust NASDAQ Clean Edge Green Energy Index F... | 23.13% | 718.18M | Feb 2007 | GRID vs QCLN | |
| First Trust Global Wind Energy ETF | 19.18% | 281.59M | Jun 2008 | GRID vs FAN | |
| Macquarie Energy Transition ETF | 16.96% | 12.79M | Nov 2023 | GRID vs PWER |
Lowest Volatility Alternatives to GRID
GRID has 21.99% 1-year volatility. There are 6 ETFs in the Alternative Energy Equities category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Global X Solar ETF | 0.00% | 5.05M | Sep 2021 | GRID vs RAYS | |
| BlackRock World ex U.S. Carbon Transition Readines... | 15.03% | 282.22M | Apr 2021 | GRID vs LCTD | |
| Global X Funds Global X Renewable Energy Producers... | 15.84% | 30.29M | May 2015 | GRID vs RNRG | |
| Invesco MSCI Sustainable Future ETF | 17.39% | 135.16M | Oct 2006 | GRID vs ERTH | |
| First Trust Global Wind Energy ETF | 20.45% | 281.59M | Jun 2008 | GRID vs FAN |
Lowest Drawdown Alternatives to GRID
GRID has a 1-year max drawdown of -11.73%. There are 4 ETFs in the Alternative Energy Equities category with shallower 1-year drawdowns, going as shallow as -10.29%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco MSCI Sustainable Future ETF | -10.29% | 135.16M | Oct 2006 | GRID vs ERTH | |
| BlackRock World ex U.S. Carbon Transition Readines... | -10.92% | 282.22M | Apr 2021 | GRID vs LCTD | |
| VanEck Low Carbon Energy ETF | -11.32% | 135.15M | May 2007 | GRID vs SMOG | |
| Global X Funds Global X Renewable Energy Producers... | -11.72% | 30.29M | May 2015 | GRID vs RNRG | |
| First Trust Global Wind Energy ETF | -12.07% | 281.59M | Jun 2008 | GRID vs FAN |
Other ETFs from First Trust
The 10 most viewed First Trust ETFs shown here include CIBR, AIRR, NFTY and span 15 categories. AUM among these funds goes as high as $24B.
Often Compared With GRID
Investors most often compare GRID with NLR, VOO, POWR. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare GRID with Any Fund or Stock
Compare GRID with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GRID with funds that move differently
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GRID.
Explore GRID Diversifiers