AINF.AS vs. GRID

Last updated Jun 27, 2026

AINF.AS (iShares AI Infrastructure UCITS ETF USD (Acc)) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - AINF.AS is a Technology Equities fund tracking the STOXX Global AI Infrastructure 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 year, AINF.AS returned 94.95% vs 36.23% for GRID. A 0.52 correlation means they provide meaningful diversification when combined. AINF.AS charges 0.35%/yr vs 0.70%/yr for GRID.

Performance

AINF.AS vs. GRID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares AI Infrastructure UCITS ETF USD (Acc) (AINF.AS) 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, AINF.AS achieves a 52.66% return, which is significantly higher than GRID's 21.53% return.

AINF.AS

• 1D: 0.00%
• 1M: 4.11%
• YTD: 52.66%
• 6M: 53.84%
• 1Y: 94.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GRID

• 1D: -2.70%
• 1M: -4.30%
• YTD: 21.53%
• 6M: 20.10%
• 1Y: 36.23%
• 3Y*: 22.71%
• 5Y*: 16.19%
• 10Y*: 19.93%

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

AINF.AS vs. GRID - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AINF.AS iShares AI Infrastructure UCITS ETF USD (Acc)	52.66%	43.70%	0.17%
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	21.53%	29.65%	-5.69%

Correlation

The correlation between AINF.AS and GRID is 0.62, 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	0.62
Correlation (All Time) Calculated using the full available price history since Dec 9, 2024	0.52

The correlation between AINF.AS and GRID has been stable across timeframes, ranging from 0.52 to 0.62 - a consistent structural relationship.

Return for Risk

AINF.AS vs. GRID — Risk / Return Rank

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

AINF.AS

AINF.AS Risk / Return Rank: 95
AINF.AS Sharpe Ratio Rank: 96
AINF.AS Sortino Ratio Rank: 94
AINF.AS Omega Ratio Rank: 93
AINF.AS Calmar Ratio Rank: 96
AINF.AS Martin Ratio Rank: 95

GRID

GRID Risk / Return Rank: 60
GRID Sharpe Ratio Rank: 57
GRID Sortino Ratio Rank: 52
GRID Omega Ratio Rank: 54
GRID Calmar Ratio Rank: 70
GRID Martin Ratio Rank: 67

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.

AINF.AS vs. GRID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares AI Infrastructure UCITS ETF USD (Acc) (AINF.AS) 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.

	AINF.AS	GRID	Difference
Sharpe ratio: Return per unit of total volatility	3.57	1.70	+1.86
Sortino ratio: Return per unit of downside risk	4.24	2.28	+1.96
Omega ratio: Gain probability vs. loss probability	1.56	1.30	+0.26
Calmar ratio: Return relative to maximum drawdown	7.94	3.10	+4.83
Martin ratio: Return relative to average drawdown	24.58	10.84	+13.74

AINF.AS vs. GRID - Sharpe Ratio Comparison

The current AINF.AS Sharpe Ratio is 3.57, which is higher than the GRID Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of AINF.AS 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

AINF.AS vs. GRID - Drawdown Comparison

The maximum AINF.AS drawdown since its inception was -27.26%, smaller than the maximum GRID drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for AINF.AS and GRID.

Drawdown Indicators

	AINF.AS	GRID	Difference
Max Drawdown Largest peak-to-trough decline	-27.26%	-40.56%	+13.30%
Max Drawdown (1Y) Largest decline over 1 year	-11.77%	-11.73%	-0.04%
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 Drawdown Current decline from peak	-4.72%	-6.98%	+2.26%
Average Drawdown Average peak-to-trough decline	-4.21%	-8.41%	+4.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.82%	3.35%	+0.47%

Volatility

AINF.AS vs. GRID - Volatility Comparison

iShares AI Infrastructure UCITS ETF USD (Acc) (AINF.AS) has a higher volatility of 10.90% compared to First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) at 10.17%. This indicates that AINF.AS's price experiences larger fluctuations and is considered to be riskier than GRID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AINF.AS	GRID	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.90%	10.17%	+0.73%
Volatility (6M) Calculated over the trailing 6-month period	21.25%	18.49%	+2.76%
Volatility (1Y) Calculated over the trailing 1-year period	26.20%	21.41%	+4.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.58%	21.40%	+7.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.58%	22.76%	+5.82%

AINF.AS vs. GRID - Expense Ratio Comparison

AINF.AS has a 0.35% expense ratio, which is lower than GRID's 0.70% expense ratio.

Dividends

AINF.AS vs. GRID - Dividend Comparison

AINF.AS has not paid dividends to shareholders, while GRID's dividend yield for the trailing twelve months is around 0.77%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AINF.AS iShares AI Infrastructure UCITS ETF USD (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%
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	0.77%	1.01%	1.06%	1.23%	1.26%	0.63%	0.68%	1.26%	1.28%	1.07%	1.07%	1.23%

Frequently Asked Questions

Can I hold both AINF.AS and GRID in my portfolio?

AINF.AS and GRID have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AINF.AS or GRID?

On fees, AINF.AS is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AINF.AS or GRID?

AINF.AS is cheaper with a 0.35% expense ratio, compared with 0.70% for GRID.

What is the main difference between AINF.AS and GRID?

AINF.AS is categorized as Technology Equities, while GRID is Alternative Energy Equities. AINF.AS tracks STOXX Global AI Infrastructure Index, while GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.35% for AINF.AS and 0.70% for GRID.