GRID vs. ICLN
Compare and contrast key facts about First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) and iShares Global Clean Energy ETF (ICLN).
GRID and ICLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GRID is a passively managed fund by First Trust that tracks the performance of the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index. It was launched on Nov 17, 2009. ICLN is a passively managed fund by iShares that tracks the performance of the S&P Global Clean Energy Index. It was launched on Jun 24, 2008. Both GRID and ICLN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GRID or ICLN.
Performance
GRID vs. ICLN - Performance Comparison
Returns By Period
In the year-to-date period, GRID achieves a 19.96% return, which is significantly higher than ICLN's -22.30% return. Over the past 10 years, GRID has outperformed ICLN with an annualized return of 14.98%, while ICLN has yielded a comparatively lower 3.41% annualized return.
GRID
19.96%
-0.30%
4.83%
31.79%
20.61%
14.98%
ICLN
-22.30%
-9.76%
-16.96%
-12.39%
3.68%
3.41%
Key characteristics
| GRID | ICLN | |
|---|---|---|
| Sharpe Ratio | 1.90 | -0.51 |
| Sortino Ratio | 2.57 | -0.59 |
| Omega Ratio | 1.32 | 0.93 |
| Calmar Ratio | 2.88 | -0.19 |
| Martin Ratio | 10.89 | -1.12 |
| Ulcer Index | 2.96% | 11.37% |
| Daily Std Dev | 16.96% | 24.74% |
| Max Drawdown | -40.55% | -87.16% |
| Current Drawdown | -3.10% | -68.20% |
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GRID vs. ICLN - Expense Ratio Comparison
GRID has a 0.70% expense ratio, which is higher than ICLN's 0.46% expense ratio.
Correlation
The correlation between GRID and ICLN is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
GRID vs. ICLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) and iShares Global Clean Energy ETF (ICLN). 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.
Dividends
GRID vs. ICLN - Dividend Comparison
GRID's dividend yield for the trailing twelve months is around 1.08%, less than ICLN's 1.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index | 1.08% | 1.23% | 1.26% | 0.63% | 0.68% | 1.26% | 1.28% | 1.07% | 1.07% | 1.23% | 1.45% | 1.35% |
ICLN iShares Global Clean Energy ETF | 1.82% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% | 2.83% | 2.11% |
Drawdowns
GRID vs. ICLN - Drawdown Comparison
The maximum GRID drawdown since its inception was -40.55%, smaller than the maximum ICLN drawdown of -87.16%. Use the drawdown chart below to compare losses from any high point for GRID and ICLN. For additional features, visit the drawdowns tool.
Volatility
GRID vs. ICLN - Volatility Comparison
The current volatility for First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) is 4.73%, while iShares Global Clean Energy ETF (ICLN) has a volatility of 9.40%. This indicates that GRID experiences smaller price fluctuations and is considered to be less risky than ICLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.