ARKX vs. GRID ETF Comparison
Comparison of ARK Space Exploration & Innovation ETF (ARKX) to First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID)
ARKX
ARK Space Exploration & Innovation ETF
ARKX Description
The ARK Space Exploration & Innovation ETF’s (“Fund”) investment objective is long-term growth of capital. ARKX is an actively-managed exchange-traded fund (“ETF”) that will invest under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are engaged in the Fund’s investment theme of Space Exploration and innovation. The Adviser defines “Space Exploration” as leading, enabling, or benefitting from technologically enabled products and/or services that occur beyond the surface of the Earth. Orbital Aerospace Companies are companies that launch, make, service, or operate platforms in the orbital space, including satellites and launch vehicles. Suborbital Aerospace Companies are companies that launch, make, service, or operate platforms in the suborbital space, but do not reach a velocity needed to remain in orbit around a planet. Enabling Technologies Companies are companies that develop technologies used by Space Exploration related companies for successful value-add aerospace operations. These operations include artificial intelligence, robotics, 3D printing, materials and energy storage. Aerospace Beneficiary Companies are companies whose operations stand to benefit from aerospace activities, including agriculture, internet access, global positioning system (GPS), construction, imaging, drones, air taxis and electric aviation vehicles.
Grade (RS Rating)
Last Trade
$15.62
Average Daily Volume
64,787
27
GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
GRID Description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ OMX(R) Clean Edge(R) Smart Grid Infrastructure Index(SM). The fund normally invests at least 90% of assets in common stocks that comprise the index or in depositary receipts representing securities in the index. The index is designed to act as a transparent and liquid benchmark for the grid and electric energy infrastructure sector. The fund is non-diversified.Grade (RS Rating)
Last Trade
$121.24
Average Daily Volume
89,450
45
Performance
| Period | ARKX | GRID |
|---|---|---|
| 30 Days | 8.26% | 6.88% |
| 60 Days | 7.00% | 7.04% |
| 90 Days | 4.21% | 14.44% |
| 12 Months | 15.06% | 23.61% |
ARKX Overweight 25 Positions Relative to GRID
| Symbol | Grade | Weight | |
|---|---|---|---|
| AVAV | A | 10.1% | |
| KTOS | B | 9.09% | |
| IRDM | D | 7.97% | |
| TER | A | 5.8% | |
| LHX | A | 5.07% | |
| ACHR | F | 3.57% | |
| AMZN | B | 3.56% | |
| BLDE | C | 3.03% | |
| GRMN | A | 2.92% | |
| PRNT | D | 2.87% | |
| PATH | D | 2.86% | |
| DE | B | 2.83% | |
| JOBY | D | 2.33% | |
| RKLB | D | 2.28% | |
| GOOG | B | 2.12% | |
| HEI | C | 1.45% | |
| U | F | 1.44% | |
| SNPS | C | 1.4% | |
| PLTR | D | 1.18% | |
| ANSS | D | 1.11% | |
| LMT | B | 1.1% | |
| TDY | D | 1.05% | |
| MYNA | C | 1.04% | |
| OSPN | C | 0.68% | |
| DDD | F | 0.4% |
ARKX Underweight 43 Positions Relative to GRID
| Symbol | Grade | Weight | |
|---|---|---|---|
| ETN | B | -8.5% | |
| ABBV | D | -8.24% | |
| JCI | B | -7.38% | |
| PWR | C | -4.08% | |
| APTV | C | -3.89% | |
| HUBB | C | -3.6% | |
| ENPH | D | -2.53% | |
| NVT | B | -2.17% | |
| NVDA | B | -2.12% | |
| TSLA | D | -1.61% | |
| QCOM | A | -1.43% | |
| ORCL | C | -1.4% | |
| CSCO | D | -1.37% | |
| GE | C | -1.2% | |
| TXN | A | -1.18% | |
| IBM | D | -1.1% | |
| ATKR | D | -0.95% | |
| ITRI | B | -0.74% | |
| ADI | A | -0.72% | |
| SEDG | F | -0.52% | |
| AEIS | C | -0.51% | |
| EMR | C | -0.48% | |
| NXPI | A | -0.41% | |
| MYRG | D | -0.39% | |
| GEV | C | -0.29% | |
| FLNC | D | -0.18% | |
| AES | B | -0.08% | |
| WLDN | B | -0.08% | |
| AMSC | C | -0.08% | |
| GNRC | B | -0.06% | |
| PLPC | C | -0.06% | |
| WCC | B | -0.05% | |
| LFUS | C | -0.04% | |
| MTZ | C | -0.04% | |
| BDC | B | -0.03% | |
| ENS | C | -0.03% | |
| ACA | B | -0.03% | |
| VMI | C | -0.03% | |
| ESE | C | -0.02% | |
| STM | F | -0.02% | |
| DGII | F | -0.01% | |
| AZZ | B | -0.01% | |
| EBR | F | -0.0% |
ARKX: Top Represented Industries & Keywords
GRID: Top Represented Industries & Keywords
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