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GRID - ETF AI Analysis
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First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID)
Rating:63Neutral
Price Target:―
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered solid gains so far this year, reflecting strong momentum in its holdings.
Global Diversification
The fund invests in companies across multiple countries, reducing reliance on any single geographic market.
Focus on Industrials and Utilities
The ETF's heavy exposure to stable sectors like Industrials and Utilities provides resilience during economic uncertainty.
Negative Factors
High Expense Ratio
The fund charges a relatively high fee compared to other ETFs, which could eat into investor returns over time.
Over-Concentration in Top Holdings
A significant portion of the portfolio is concentrated in a few companies, increasing exposure to individual stock risks.
Limited Exposure to Emerging Markets
The ETF has minimal investment in emerging markets, which could limit growth opportunities in faster-growing economies.
GRID vs. SPDR S&P 500 ETF (SPY)
AUM5.12B
RegionGlobal
Expense Ratio0.56%
Beta1.03
IssuerFirst Trust
Inception DateNov 16, 2009
Dividend Yield1.01%
Asset ClassEquity
Index TrackedNASDAQ OMX Clean Edge Smart Grid Infrastr (TR)
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume276,229
30 Day Avg. Volume321,491
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
168.80Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering91
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
GRID Summary
The First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index ETF (GRID) focuses on companies advancing clean energy and smart grid technologies. It includes firms like Schneider Electric and ABB Ltd, which are leaders in energy infrastructure and innovation. This ETF is ideal for investors interested in sustainability and the modernization of energy systems, offering potential growth as the world transitions to smarter, greener grids. However, new investors should note that GRID is heavily tied to the energy and infrastructure sectors, meaning its performance can fluctuate with changes in these industries.
How much will it cost me?The expense ratio for GRID is 0.56%, which means you’ll pay $5.60 per year for every $1,000 invested. This is higher than average because GRID is a specialized ETF focused on clean energy and smart grid technologies, which typically require more active management compared to broad market index ETFs.
What would affect this ETF?GRID's focus on clean energy and smart grid technologies positions it to benefit from global trends toward renewable energy adoption and infrastructure modernization, supported by increasing government incentives and ESG-focused investments. However, the ETF could face challenges from rising interest rates, which may increase borrowing costs for infrastructure projects, and potential regulatory changes or geopolitical tensions that could impact its global holdings. Its heavy exposure to industrials and utilities makes it sensitive to economic cycles and energy sector volatility.
GRID Top 10 Holdings
GRID is heavily concentrated in industrials and utilities, with a global mix of companies driving the clean energy and smart grid revolution. Johnson Controls and Quanta Services are rising stars, benefiting from strong financial performance and growth prospects, while Schneider Electric and Eaton are lagging, weighed down by valuation concerns and bearish technical trends. ABB Ltd shows steady progress, bolstered by strategic moves like its robotics division sale. Overall, the fund’s focus on infrastructure innovation positions it well for long-term growth, though some holdings face near-term headwinds.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Schneider Electric | 8.42% | $423.26M | €132.58B | -4.24% | 62 Neutral | |
| ABB Ltd | 8.16% | $410.07M | kr1.23T | 14.92% | 78 Outperform | |
| Johnson Controls | 8.04% | $403.79M | $70.13B | 38.88% | 70 Outperform | |
| National Grid | 7.96% | $399.98M | £55.49B | 18.43% | 76 Outperform | |
| Eaton | 7.12% | $357.64M | $128.94B | -6.75% | 75 Outperform | |
| Quanta Services | 4.34% | $217.98M | $65.33B | 29.77% | 78 Outperform | |
| Prysmian SpA | 4.11% | $206.34M | €23.70B | 33.98% | 65 Neutral | |
| E.ON SE | 3.75% | $188.63M | €39.85B | 27.29% | 61 Neutral | |
| Hubbell B | 2.78% | $139.71M | $23.81B | -1.24% | 77 Outperform | |
| Tesla | 2.57% | $129.23M | $1.53T | 5.21% | 73 Outperform |
GRID Technical Analysis
Neutral
―
Price Trends
153.15
Negative
148.99
Positive
136.51
Positive
Market Momentum
0.39
Negative
50.01
Neutral
70.07
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For GRID, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 151.16, equal to the 50-day MA of 153.15, and equal to the 200-day MA of 136.51, indicating a neutral trend. The MACD of 0.39 indicates Negative momentum. The RSI at 50.01 is Neutral, neither overbought nor oversold. The STOCH value of 70.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GRID.
GRID Peer Comparison
Comparison Results
Performance Comparison
GRID
First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index
152.50
29.30
23.78%
IGF
iShares Global Infrastructure ETF
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BAI
iShares A.I. Innovation and Tech Active ETF
―
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ARKK
Ark Innovation Etf
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―
GUNR
FlexShares Morningstar Global Upstream Natural Resources Index Fund
―
―
―
NFRA
FlexShares STOXX Global Broad Infrastructure Index Fund
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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