GRID vs. LCTD
Compare and contrast key facts about First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) and BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD).
GRID and LCTD 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. LCTD is an actively managed fund by Blackrock Financial Management. It was launched on Apr 8, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GRID or LCTD.
Correlation
The correlation between GRID and LCTD is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GRID vs. LCTD - Performance Comparison
Key characteristics
GRID:
0.97
LCTD:
0.35
GRID:
1.41
LCTD:
0.56
GRID:
1.17
LCTD:
1.07
GRID:
1.57
LCTD:
0.47
GRID:
5.41
LCTD:
1.36
GRID:
3.08%
LCTD:
3.37%
GRID:
17.13%
LCTD:
13.02%
GRID:
-40.55%
LCTD:
-29.82%
GRID:
-6.95%
LCTD:
-9.69%
Returns By Period
In the year-to-date period, GRID achieves a 15.19% return, which is significantly higher than LCTD's 2.94% return.
GRID
15.19%
-3.63%
1.18%
18.36%
18.06%
14.75%
LCTD
2.94%
-1.58%
-1.57%
5.62%
N/A
N/A
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GRID vs. LCTD - Expense Ratio Comparison
GRID has a 0.70% expense ratio, which is higher than LCTD's 0.20% expense ratio.
Risk-Adjusted Performance
GRID vs. LCTD - 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 BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD). 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. LCTD - Dividend Comparison
GRID's dividend yield for the trailing twelve months is around 1.36%, less than LCTD's 3.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index | 1.36% | 1.23% | 1.26% | 0.63% | 0.68% | 1.26% | 1.28% | 1.07% | 1.07% | 1.23% | 1.45% | 1.35% |
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF | 3.75% | 3.16% | 3.52% | 2.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GRID vs. LCTD - Drawdown Comparison
The maximum GRID drawdown since its inception was -40.55%, which is greater than LCTD's maximum drawdown of -29.82%. Use the drawdown chart below to compare losses from any high point for GRID and LCTD. For additional features, visit the drawdowns tool.
Volatility
GRID vs. LCTD - Volatility Comparison
First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) has a higher volatility of 4.48% compared to BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) at 3.47%. This indicates that GRID's price experiences larger fluctuations and is considered to be riskier than LCTD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.