GRID vs. ETEC ETF Comparison
Comparison of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) to iShares Breakthrough Environmental Solutions ETF (ETEC)
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
$114.94
Average Daily Volume
48,647
45
ETEC
iShares Breakthrough Environmental Solutions ETF
ETEC Description
ETEC provides exposure to global equities categorized as emerging green technology. Selection begins with the initial index universe that then excludes companies involved in controversial issues against UNGC principles. Stocks are reviewed to meet revenue derived from eight sustainable themes: energy efficiency, green buildings and transportation, pollution prevention and reduction, renewable energy, resource efficiency technologies and services, water, and sustainable agriculture, food, and forestry. The fund excludes companies with total sustainable product revenue less than 25%. The remaining stocks are screened further to only include companies classified as green technologies. Stocks are scored within the Rogers innovation adoption curve to determine their position across the innovators-laggards spectrum, which contributes to an aggregate score. The top 50 companies with the highest aggregate scores are selected. The market cap-weighted index is reconstituted annually in December and rebalanced quarterly.Grade (RS Rating)
Last Trade
$22.07
Average Daily Volume
380
13
Performance
| Period | GRID | ETEC |
|---|---|---|
| 30 Days | 0.66% | 3.62% |
| 60 Days | 4.38% | 3.66% |
| 90 Days | 12.04% | 10.41% |
| 12 Months | 21.62% | -4.91% |
GRID Overweight 42 Positions Relative to ETEC
| Symbol | Grade | Weight | |
|---|---|---|---|
| ETN | A | 8.45% | |
| ABBV | D | 8.26% | |
| JCI | C | 7.21% | |
| PWR | A | 4.15% | |
| HUBB | D | 3.57% | |
| APTV | D | 3.43% | |
| NVDA | C | 2.05% | |
| NVT | A | 2.03% | |
| ORCL | D | 1.44% | |
| CSCO | F | 1.41% | |
| QCOM | A | 1.37% | |
| GE | A | 1.19% | |
| TXN | A | 1.18% | |
| IBM | D | 1.12% | |
| ATKR | B | 1.11% | |
| HON | C | 1.01% | |
| ADI | A | 0.72% | |
| ITRI | A | 0.66% | |
| AEIS | D | 0.51% | |
| EMR | D | 0.48% | |
| MYRG | F | 0.44% | |
| NXPI | A | 0.42% | |
| GEV | A | 0.28% | |
| FLNC | B | 0.17% | |
| TRMB | D | 0.1% | |
| AMSC | C | 0.08% | |
| PLPC | D | 0.07% | |
| WLDN | A | 0.07% | |
| AES | B | 0.07% | |
| GNRC | B | 0.06% | |
| WCC | C | 0.05% | |
| MTZ | B | 0.04% | |
| LFUS | C | 0.04% | |
| ENS | D | 0.03% | |
| VMI | B | 0.03% | |
| ESE | B | 0.02% | |
| STM | F | 0.02% | |
| BDC | C | 0.02% | |
| ACA | B | 0.02% | |
| DGII | F | 0.01% | |
| AZZ | C | 0.01% | |
| EBR | D | 0.0% |
GRID: Top Represented Industries & Keywords
ETEC: Top Represented Industries & Keywords
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