GRID - ETF AI Analysis
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First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID)
Rating:64Neutral
Price Target:―
Positive Factors
Strong Top Holdings
Many of the largest positions, such as Eaton, ABB, Quanta Services, and nVent Electric, have shown strong year-to-date gains, helping drive the ETF’s overall performance.
Global Diversification
The fund spreads its investments across the U.S. and multiple countries in Europe, Asia, and the Americas, reducing reliance on any single market.
Sector Balance Within Infrastructure Theme
Holdings are spread mainly across industrials, general infrastructure-related companies, technology, and utilities, providing a mix of businesses tied to the smart grid theme.
Negative Factors
High Concentration in Top Positions
A relatively small number of companies make up a large share of the portfolio, which increases the impact if any of these holdings run into trouble.
Recent Short-Term Weakness
Despite solid year-to-date results, the ETF has shown weak performance over the past one and three months, which may signal near-term volatility.
Above-Average Expense Ratio
The fund’s expense ratio is higher than many broad-market ETFs, meaning more of the returns are used to cover fees.
GRID vs. SPDR S&P 500 ETF (SPY)
AUM11.49B
RegionGlobal
Expense Ratio0.56%
Beta1.04
IssuerFirst Trust
Inception DateNov 16, 2009
Dividend Yield0.8%
Asset ClassEquity
Index TrackedNASDAQ OMX Clean Edge Smart Grid Infrastr (TR)
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume560,205
30 Day Avg. Volume730,309
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
208.25Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering107
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
GRID Summary
GRID is an exchange-traded fund (ETF) that follows the Nasdaq Clean Edge Smart Grid Infrastructure Index, focusing on companies that help build and modernize power grids and support clean energy. It holds firms involved in smart meters, electric equipment, and grid technology, with big names like Eaton and Schneider Electric in the mix. Investors might consider GRID if they want global diversification and exposure to the long-term growth of cleaner, smarter energy infrastructure. However, because it is concentrated in infrastructure and industrial companies, its price can go up and down more than the broader stock market.
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 powered by a global cast of industrial and utility names, with Eaton and Johnson Controls acting as steady engines for the fund thanks to rising, if somewhat cautious, momentum. European heavyweights ABB and Schneider Electric add muscle in smart grid hardware, though their recent trading has been more mixed, occasionally losing steam. Quanta Services and Prysmian bring strong long-term trends but have been lagging in the short run, creating some drag. Overall, the ETF leans heavily into clean-energy infrastructure, with a clear tilt toward industrials and grid-focused utilities across the U.S. and Europe.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Schneider Electric | 9.07% | $1.06B | €163.54B | 34.08% | 62 Neutral | |
| Eaton | 8.87% | $1.04B | $161.22B | 8.89% | 75 Outperform | |
| Johnson Controls | 8.56% | $999.64M | $88.84B | 37.73% | 70 Outperform | |
| Quanta Services | 8.02% | $936.45M | $100.33B | 68.88% | 78 Outperform | |
| ABB Ltd | 7.86% | $917.90M | kr1.68T | 48.01% | 78 Outperform | |
| E.ON SE | 4.35% | $507.41M | €48.90B | 16.50% | 61 Neutral | |
| National Grid | 4.26% | $496.98M | £59.82B | 10.24% | 76 Outperform | |
| Prysmian SpA | 3.43% | $400.76M | €35.12B | 74.20% | 65 Neutral | |
| nVent Electric | 2.78% | $324.47M | $24.88B | 71.15% | 76 Outperform | |
| Hubbell B | 2.52% | $293.82M | $24.97B | 10.73% | 77 Outperform |
GRID Technical Analysis
Neutral
―
Price Trends
186.09
Negative
181.93
Negative
170.27
Positive
Market Momentum
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 179.60, equal to the 50-day MA of 186.09, and equal to the 200-day MA of 170.27, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, 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
179.35
37.72
26.63%
SMH
VanEck Semiconductor ETF
―
―
―
CIBR
First Trust NASDAQ Cybersecurity ETF
―
―
―
IGF
iShares Global Infrastructure ETF
―
―
―
NFRA
FlexShares STOXX Global Broad Infrastructure Index Fund
―
―
―
BKGI
BNY Mellon Global Infrastructure Income ETF
―
―
―
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.
DisclaimerThis 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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