IGF vs. GRID

Last updated Jun 24, 2026

IGF (iShares Global Infrastructure ETF) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - IGF is a Industrials Equities fund tracking the S&P Global Infrastructure Index (Net), while GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. Both are passively managed. Over the past 10 years, IGF returned 8.79%/yr vs 19.95%/yr for GRID. A 0.62 correlation means they provide meaningful diversification when combined. IGF charges 0.39%/yr vs 0.70%/yr for GRID.

Performance

IGF vs. GRID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Infrastructure ETF (IGF) 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, IGF achieves a 9.67% return, which is significantly lower than GRID's 23.40% return. Over the past 10 years, IGF has underperformed GRID with an annualized return of 8.79%, while GRID has yielded a comparatively higher 19.95% annualized return.

IGF

• 1D: -0.03%
• 1M: -0.16%
• YTD: 9.67%
• 6M: 8.98%
• 1Y: 17.62%
• 3Y*: 16.78%
• 5Y*: 10.70%
• 10Y*: 8.79%

GRID

• 1D: -4.46%
• 1M: -1.96%
• YTD: 23.40%
• 6M: 22.11%
• 1Y: 42.41%
• 3Y*: 24.21%
• 5Y*: 16.63%
• 10Y*: 19.95%

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

IGF vs. GRID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IGF iShares Global Infrastructure ETF	9.67%	21.31%	14.81%	6.14%	-1.26%	11.57%	-6.50%	25.82%	-9.95%	19.31%
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	23.40%	29.65%	15.18%	21.57%	-13.89%	27.65%	48.84%	42.80%	-22.69%	27.44%

Correlation

The correlation between IGF and GRID is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Nov 17, 2009	0.62

The correlation between IGF and GRID shifts across timeframes, from 0.54 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.

IGF vs. GRID - Sectors Allocation Comparison

Sectors	IGF	GRID
Industrials	40.6%	24.2%
Utilities	39.7%	3.9%
Energy	19.6%	1.6%
Real Estate	0.1%	-
Basic Materials	-	0.0%
Communication Services	-	-
Consumer Cyclical	-	2.3%
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Technology	-	12.5%

Return for Risk

IGF vs. GRID — Risk / Return Rank

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

IGF

IGF Risk / Return Rank: 53
IGF Sharpe Ratio Rank: 51
IGF Sortino Ratio Rank: 51
IGF Omega Ratio Rank: 49
IGF Calmar Ratio Rank: 64
IGF Martin Ratio Rank: 51

GRID

GRID Risk / Return Rank: 65
GRID Sharpe Ratio Rank: 63
GRID Sortino Ratio Rank: 57
GRID Omega Ratio Rank: 60
GRID Calmar Ratio Rank: 74
GRID Martin Ratio Rank: 72

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.

IGF vs. GRID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure ETF (IGF) 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.

	IGF	GRID	Difference
Sharpe ratio: Return per unit of total volatility	1.68	2.01	-0.33
Sortino ratio: Return per unit of downside risk	2.39	2.63	-0.24
Omega ratio: Gain probability vs. loss probability	1.30	1.35	-0.05
Calmar ratio: Return relative to maximum drawdown	3.02	3.63	-0.62
Martin ratio: Return relative to average drawdown	8.52	12.92	-4.40

IGF vs. GRID - Sharpe Ratio Comparison

The current IGF Sharpe Ratio is 1.68, which is comparable to the GRID Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of IGF 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

IGF vs. GRID - Drawdown Comparison

The maximum IGF drawdown since its inception was -58.33%, which is greater than GRID's maximum drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for IGF and GRID.

Drawdown Indicators

	IGF	GRID	Difference
Max Drawdown Largest peak-to-trough decline	-58.33%	-40.56%	-17.77%
Max Drawdown (1Y) Largest decline over 1 year	-5.87%	-11.73%	+5.86%
Max Drawdown (3Y) Largest decline over 3 years	-14.28%	-20.77%	+6.49%
Max Drawdown (5Y) Largest decline over 5 years	-20.83%	-29.64%	+8.81%
Max Drawdown (10Y) Largest decline over 10 years	-42.11%	-40.56%	-1.55%
Current Drawdown Current decline from peak	-2.99%	-5.55%	+2.56%
Average Drawdown Average peak-to-trough decline	-11.84%	-8.42%	-3.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	3.29%	-1.22%

Volatility

IGF vs. GRID - Volatility Comparison

The current volatility for iShares Global Infrastructure ETF (IGF) is 3.35%, while First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a volatility of 10.12%. This indicates that IGF experiences smaller price fluctuations and is considered to be less risky than GRID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGF	GRID	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.35%	10.12%	-6.77%
Volatility (6M) Calculated over the trailing 6-month period	8.73%	18.23%	-9.50%
Volatility (1Y) Calculated over the trailing 1-year period	10.56%	21.26%	-10.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.96%	21.37%	-7.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.73%	22.80%	-6.07%

IGF vs. GRID - Expense Ratio Comparison

IGF has a 0.39% expense ratio, which is lower than GRID's 0.70% expense ratio.

Dividends

IGF vs. GRID - Dividend Comparison

IGF's dividend yield for the trailing twelve months is around 2.91%, more than GRID's 0.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	0.80%	1.01%	1.06%	1.23%	1.26%	0.63%	0.68%	1.26%	1.28%	1.07%	1.07%	1.23%
IGF iShares Global Infrastructure ETF	2.91%	3.23%	3.21%	3.36%	2.67%	2.42%	2.33%	3.27%	3.52%	2.95%	2.98%	3.25%

Frequently Asked Questions

Can I hold both IGF and GRID in my portfolio?

IGF and GRID have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IGF or GRID?

GRID has higher volatility (10.12%) compared to IGF (3.35%). In terms of maximum drawdown, IGF dropped -58.33% vs GRID's -40.56%.

Which ETF is better, IGF or GRID?

On 10-year performance, GRID leads with 19.95% vs 8.79% for IGF. On fees, IGF is cheaper at 0.39% per year. On volatility, IGF has been the lower-risk option at 3.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGF or GRID?

Over the 10-year period, GRID has performed better with a 19.95% return vs 8.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGF or GRID?

IGF is cheaper with a 0.39% expense ratio, compared with 0.70% for GRID.

Which ETF pays a higher dividend yield, IGF or GRID?

IGF has the higher dividend yield at 2.91%, compared with 0.80% for GRID.

What is the main difference between IGF and GRID?

IGF is categorized as Industrials Equities, while GRID is Alternative Energy Equities. IGF tracks S&P Global Infrastructure Index (Net), while GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.39% for IGF and 0.70% for GRID.

Which has better risk-adjusted returns?

GRID currently has the higher Sharpe Ratio (2.01 vs 1.68), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.