EFAV vs GRID: Holdings Overlap
EFAViShares MSCI EAFE Min Vol Factor ETF
iShares · 256 holdings · $5.4B · as of 2026-04-30
GRIDFirst Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
First Trust · 120 holdings · $12.2B · as of 2026-03-31
Holdings snapshots are 30 days apart (EFAV: 2026-04-30, GRID: 2026-03-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are EFAV and GRID?
iShares MSCI EAFE Min Vol Factor ETF (EFAV, by iShares) holds 256 positions; First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID, by First Trust) holds 120. They have 10 holdings in common, and by portfolio weight the two funds are 3.3% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 10EFAV holds 256 · GRID holds 120
- Weight in Shared Holdings
- EFAV 4%·GRID 17%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in EFAV
246 of 256 positions (94.8% of the fund) are not held by GRID. Showing the top 30 by weight.
Only in GRID
110 of 120 positions (82.6% of the fund) are not held by EFAV. Showing the top 30 by weight.
Sector Breakdown
| Sector | EFAV | GRID |
|---|---|---|
| Industrials | 13.2% | 53.2% |
| Utilities | 8.1% | 20.3% |
| Financials | 18.9% | 0.0% |
| Consumer Staples | 11.7% | 0.0% |
| Health Care | 10.8% | 0.0% |
| Other Sectors | 27.5% | 15.1% |
| Unclassified | 9.1% | 11.2% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (9% of EFAV, 11% of GRID).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EFAV | +5.0% | +11.3% | +15.7% | +15.3% | +7.1% | +6.6% | 3.03% |
| GRID | +2.2% | +22.4% | +31.6% | +23.6% | +15.0% | +18.9% | 0.77% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in EFAV vs GRID →
Shared Holdings(10)
The top 10 shared positions account for 100% of the overlap, led by IBE, NG- and RED.
 IBEIberdrola, S.A. EUR0.75 | 1.51% | 0.69% | 0.69% |
|---|---|---|---|
 NG-National Grid PLC ORD GBP0.12431289 | 0.54% | 7.86% | 0.54% |
 REDRedeia Corporacion S.A. EUR0.5 | 0.51% | 0.92% | 0.51% |
 EOANE.ON SE NPV | 0.48% | 4.10% | 0.48% |
 ENELEnel S.p.A. EUR1 | 0.37% | 0.44% | 0.37% |
 SAPSAP SE ORD NPV | 0.32% | 0.96% | 0.32% |
 TRNTERNA - Rete Elettrica Nazionale S.p.A. ORD EUR0.22 | 0.27% | 2.00% | 0.27% |
 ENGIEngie SA EUR1 | 0.08% | 0.26% | 0.08% |
 VERVerbund AG CLASS'A'NPV | 0.13% | 0.05% | 0.05% |
 BKWBKW AG CHF2.50 | 0.28% | 0.02% | 0.02% |
Frequently Asked Questions
How much do EFAV and GRID overlap?
EFAV and GRID overlap by 3.3% of portfolio weight. They share 10 holdings (EFAV holds 256 positions and GRID holds 120), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EFAV and GRID?
The two portfolios are 3.3% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of EFAV and GRID?
The largest positions held by both funds are IBE, NG-, RED, EOAN and ENEL. Together the top 10 shared positions account for 100% of the total overlap.
What does EFAV own that GRID doesn't?
246 positions (94.8% of EFAV) are unique to EFAV, led by ENI, TTE and EQNR. In the other direction, 110 positions (82.6% of GRID) are unique to GRID.