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Forget XLU. The Grid Fund Actually Powering the AI Boom Is Up 23% in 2026
Key takeaways
- GE Vernova booked $2.4 billion in data center equipment orders in Q1 2026 alone, while Quanta Services hit a record $48 billion backlog.
- GRID's 0.56% expense ratio and roughly 1% dividend yield make it a poor full swap for income-focused XLU investors.
- Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Quanta Services didn't make the cut.
Forget XLU. The Grid Fund Actually Powering the AI Boom Is Up 23% in 2026 David Beren Thu, June 25, 2026 at 10:36 PM GMT+7 5 min read PWR XLU GEV NVDA NEE Quick Read GRID has tripled XLU's year-to-date return by owning equipment makers and contractors instead of slow-moving regulated utilities, gaining 23% compared to XLU's 7%.
GE Vernova booked $2.4 billion in data center equipment orders in Q1 2026 alone, while Quanta Services hit a record $48 billion backlog.
GRID's 0.56% expense ratio and roughly 1% dividend yield make it a poor full swap for income-focused XLU investors.
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