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. It was launched on Apr 8, 2021.
Performance
GRID vs. LCTD - Performance Comparison
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GRID vs. LCTD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index | 9.08% | 29.65% | 15.18% | 21.57% | -13.89% | 18.10% |
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF | 2.78% | 30.42% | 3.14% | 17.10% | -16.16% | 4.36% |
Returns By Period
In the year-to-date period, GRID achieves a 9.08% return, which is significantly higher than LCTD's 2.78% return.
GRID
- 1D
- 1.98%
- 1M
- -5.47%
- YTD
- 9.08%
- 6M
- 9.98%
- 1Y
- 48.00%
- 3Y*
- 20.91%
- 5Y*
- 15.14%
- 10Y*
- 18.31%
LCTD
- 1D
- 1.62%
- 1M
- -4.78%
- YTD
- 2.78%
- 6M
- 6.42%
- 1Y
- 25.79%
- 3Y*
- 14.37%
- 5Y*
- —
- 10Y*
- —
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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.
Return for Risk
GRID vs. LCTD — Risk / Return Rank
GRID
LCTD
GRID vs. LCTD - Risk-Adjusted Trends 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.
| GRID | LCTD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.25 | 1.51 | +0.73 |
Sortino ratioReturn per unit of downside risk | 3.04 | 2.10 | +0.94 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.30 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 4.18 | 2.41 | +1.77 |
Martin ratioReturn relative to average drawdown | 15.64 | 9.04 | +6.60 |
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
| GRID | LCTD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.25 | 1.51 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.45 | +0.08 |
Correlation
The correlation between GRID and LCTD is 0.84, 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.
Dividends
GRID vs. LCTD - Dividend Comparison
GRID's dividend yield for the trailing twelve months is around 0.90%, less than LCTD's 3.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index | 0.90% | 1.01% | 1.06% | 1.23% | 1.26% | 0.63% | 0.68% | 1.26% | 1.28% | 1.07% | 1.07% | 1.23% |
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF | 3.51% | 3.61% | 3.74% | 3.16% | 3.52% | 2.20% | 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 -40.56%, 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.
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Drawdown Indicators
| GRID | LCTD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -29.82% | -10.74% |
Max Drawdown (1Y)Largest decline over 1 year | -11.73% | -10.92% | -0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -29.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | — | — |
Current DrawdownCurrent decline from peak | -6.55% | -6.46% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -8.50% | -6.91% | -1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 2.91% | +0.23% |
Volatility
GRID vs. LCTD - Volatility Comparison
First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) has a higher volatility of 8.59% compared to BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) at 7.20%. 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.
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Volatility by Period
| GRID | LCTD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.59% | 7.20% | +1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 14.24% | 11.09% | +3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.49% | 17.12% | +4.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.69% | 16.03% | +4.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.74% | 16.03% | +6.71% |