GRIDvsPAVEETF Comparison
ETF 1
GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund ETF
This fund is part of
Infrastructure
-0.83%
VS
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund ETF (GRID) and Global X U.S. Infrastructure Development ETF (PAVE) belong to the same industry segment: Infrastructure. GRID's top 3 sector exposures are Industrials, Utilities and Technology. In contrast, PAVE's top sector exposures are Industrials, Non-Energy Materials and Utilities. GRID is more expensive with a Total Expense Ratio (TER) of 0.56%, versus 0.47% for PAVE. GRID is up 13.03% year-to-date (YTD) with +$5.46B in YTD flows. PAVE performs better with 19.73% YTD performance, and +$2.09B in YTD flows. Run a side-by-side ETF comparison of GRID and PAVE below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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GRID vs PAVE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GRID PAVE | -8.19%-2.61% | -6.71%+2.63% | +13.03%+19.73% | +20.55%+23.38% | +69.00%+81.65% | +90.89%+127.73% |
| Flows | GRID PAVE | +$286M-$29M | +$2.36B+$769M | +$5.46B+$2.09B | +$7.54B+$2.57B | +$8.85B+$4.23B | +$9.52B+$4.56B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GRID PAVE | +26.85%+22.38% | +21.14%+20.11% | +19.61%+20.77% | +20.92%+22.01% |
| Max drawdown | GRID PAVE | -12.92%-7.81% | -12.92%-11.91% | -19.82%-26.27% | -29.72%-26.27% |
| Max drawdown duration | GRID PAVE | 78d40d | 78d59d | 229d239d | 570d239d |
Trading data
GRID | PAVE | |
Last sale 7/28/2026 at 1:30 PM | $172.50 | $57.10 |
| Previous close 07/28/2026 | $176.46 | $57.48 |
| Consolidated volume 07/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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GRID | PAVE | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/28/2026 at 1:30 PM
Live
Closed
GRID | PAVE | |
|---|---|---|
| Last price | $172.50 | $57.10 |
| 1D performance | -2.24% | -0.66% |
| AuM | $11.13 B | $14.08 B |
| E/R | 0.56% | 0.47% |
Characteristics
GRID | PAVE | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | Global X |
| Benchmark | NASDAQ OMX Clean Edge Smart Grid Infrastructure Index | Indxx U.S. Infrastructure Development Index |
| N° of holdings | 111 | 100 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 16, 2009 | March 6, 2017 |
| ESG | Yes | No |
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Exposure
Countries
GRID
USA
24.79%
Ireland
16.49%
Switzerland
10.82%
France
10.31%
Other
37.59%
PAVE
USA
92.66%
Other
7.34%
Sectors
GRID
Industrials
64.41%
Utilities
17.08%
Technology
11.39%
Other
7.12%
PAVE
Industrials
68.41%
Non-Energy Materi.
27.03%
Other
4.56%
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Diversification
GRID
Total weight of top 15 holdings out of 15
66.67%
PAVE
Total weight of top 15 holdings out of 15
46.22%
Top 15 holdings
Data as of June 30, 2026
GRID
Eaton Corp. Plc
8.41%
Schneider Electric SE
8.17%
ABB Ltd.
8.13%
Johnson Controls International Plc
8.08%
Quanta Services, Inc.
7.94%
National Grid Plc
4.08%
E.ON SE
3.87%
Prysmian SpA
3.85%
nVent Electric Plc
2.76%
Hubbell, Inc.
2.49%
Tesla, Inc.
1.99%
NVIDIA Corp.
1.91%
TERNA Rete Elettrica Nazionale SpA
1.74%
Cisco Systems, Inc.
1.70%
HD Hyundai Electric Co., Ltd.
1.55%
PAVE
Quanta Services, Inc.
4.03%
CSX Corp.
3.55%
Howmet Aerospace, Inc.
3.26%
Trane Technologies Plc
3.26%
Eaton Corp. Plc
3.23%
Deere & Co.
3.17%
Union Pacific Corp.
3.11%
United Rentals, Inc.
3.10%
Rockwell Automation, Inc.
3.00%
Norfolk Southern Corp.
2.89%
Sempra
2.89%
Fastenal Co.
2.79%
Nucor Corp.
2.72%
Parker-Hannifin Corp.
2.71%
Emerson Electric Co.
2.51%
Frequently asked questions about GRID and PAVE
How have the GRID and PAVE ETFs performed in 2026?
As of July 28, 2026, GRID is up 13.03% year-to-date (YTD), while PAVE has returned 19.73%. That puts PAVE better performer ahead so far this year.
Which ETF is attracting more investor money: GRID or PAVE?
Year-to-date, the GRID ETF saw +$5.46B in flows, compared to +$2.09B for PAVE.
Which ETF is more volatile: GRID or PAVE?
Over the past year, GRID had a volatility of 21.14%, while PAVE experienced 20.11%.
Which ETF is bigger: GRID or PAVE?
As of July 28, 2026, GRID holds $11.13 B in assets under management (AUM), while PAVE manages $14.08 B.
What sectors do the GRID and PAVE ETFs invest in?
GRID leans toward sectors like Industrials, Utilities and Technology. Meanwhile, PAVE focuses on Industrials and Non-Energy Materials.
What are the top holdings of the GRID ETF and PAVE ETF?
GRID top holdings include Eaton Corp. Plc, Schneider Electric SE and ABB Ltd.. PAVE holds in its top three: Quanta Services, Inc., CSX Corp. and Howmet Aerospace, Inc..
Which ETF is more diversified: GRID or PAVE?
GRID holds 113 securities with 66.67% of its assets in the top 15. PAVE has 100 securities and a top 15 weight of 46.22%.
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Latest news about GRID & PAVE
Notable ETF Filings Recap: March 2024
April 3, 2024
PAVE
How to Obtain Real Asset Exposure by Investing in Infrastructure ETFs
December 14, 2023
PAVE
How US Infrastructure Can Benefit Your Portfolio
April 3, 2023
GRID
PAVE
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