IDGT vs. GRID
Compare and contrast key facts about iShares U.S. Digital Infrastructure and Real Estate ETF (IDGT) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID).
IDGT and GRID are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IDGT is a passively managed fund by iShares that tracks the performance of the S&P Data Center, Tower REIT and Communications Equipment Index - Benchmark TR Gross. It was launched on Jul 10, 2001. 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. Both IDGT and GRID 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: IDGT or GRID.
Key characteristics
| IDGT | GRID | |
|---|---|---|
| YTD Return | 25.53% | 21.90% |
| 1Y Return | 43.91% | 42.94% |
| 3Y Return (Ann) | 1.55% | 7.96% |
| 5Y Return (Ann) | 8.61% | 20.46% |
| 10Y Return (Ann) | 9.34% | 15.25% |
| Sharpe Ratio | 2.32 | 2.56 |
| Sortino Ratio | 3.13 | 3.40 |
| Omega Ratio | 1.41 | 1.43 |
| Calmar Ratio | 1.28 | 2.62 |
| Martin Ratio | 8.33 | 15.21 |
| Ulcer Index | 5.13% | 2.89% |
| Daily Std Dev | 18.38% | 17.16% |
| Max Drawdown | -77.95% | -40.55% |
| Current Drawdown | -4.20% | -1.52% |
Correlation
The correlation between IDGT and GRID is 0.62, 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.
Performance
IDGT vs. GRID - Performance Comparison
In the year-to-date period, IDGT achieves a 25.53% return, which is significantly higher than GRID's 21.90% return. Over the past 10 years, IDGT has underperformed GRID with an annualized return of 9.34%, while GRID has yielded a comparatively higher 15.25% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IDGT vs. GRID - Expense Ratio Comparison
IDGT has a 0.41% expense ratio, which is lower than GRID's 0.70% expense ratio.
Risk-Adjusted Performance
IDGT vs. GRID - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Digital Infrastructure and Real Estate ETF (IDGT) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (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.
Dividends
IDGT vs. GRID - Dividend Comparison
IDGT's dividend yield for the trailing twelve months is around 1.35%, more than GRID's 1.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDGT iShares U.S. Digital Infrastructure and Real Estate ETF | 1.35% | 0.37% | 0.30% | 0.22% | 0.60% | 0.42% | 0.65% | 0.57% | 0.76% | 0.72% | 0.50% | 0.38% |
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index | 1.06% | 1.23% | 1.26% | 0.63% | 0.68% | 1.26% | 1.28% | 1.07% | 1.07% | 1.23% | 1.45% | 1.35% |
Drawdowns
IDGT vs. GRID - Drawdown Comparison
The maximum IDGT drawdown since its inception was -77.95%, which is greater than GRID's maximum drawdown of -40.55%. Use the drawdown chart below to compare losses from any high point for IDGT and GRID. For additional features, visit the drawdowns tool.
Volatility
IDGT vs. GRID - Volatility Comparison
iShares U.S. Digital Infrastructure and Real Estate ETF (IDGT) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) have volatilities of 4.26% and 4.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.