EWG vs GRID: Holdings Overlap
iShares · 55 holdings · $1.6B · as of 2026-05-31
GRIDFirst Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
First Trust · 120 holdings · $12.2B · as of 2026-03-31
Holdings snapshots are 61 days apart (EWG: 2026-05-31, 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 EWG and GRID?
iShares MSCI Germany ETF (EWG, by iShares) holds 55 positions; First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID, by First Trust) holds 120. They have 4 holdings in common, and by portfolio weight the two funds are 4.5% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 4EWG holds 55 · GRID holds 120
- Weight in Shared Holdings
- EWG 30%·GRID 6%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 EWG
51 of 55 positions (69.7% of the fund) are not held by GRID. Showing the top 30 by weight.
Only in GRID
116 of 120 positions (93.6% of the fund) are not held by EWG. Showing the top 30 by weight.
Sector Breakdown
| Sector | EWG | GRID |
|---|---|---|
| Industrials | 28.6% | 53.2% |
| Utilities | 4.4% | 20.3% |
| Financials | 20.0% | 0.0% |
| Information Technology | 15.7% | 10.7% |
| Communication Services | 6.2% | 0.0% |
| Other Sectors | 19.5% | 4.3% |
| Unclassified | 5.4% | 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 (5% of EWG, 11% of GRID).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EWG | +4.7% | +5.7% | +6.1% | +18.0% | +7.5% | +8.2% | 1.89% |
| 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 EWG vs GRID →
Shared Holdings(4)
The top 4 shared positions account for 100% of the overlap, led by EOAN, SAP and SIE.
Frequently Asked Questions
How much do EWG and GRID overlap?
EWG and GRID overlap by 4.5% of portfolio weight. They share 4 holdings (EWG holds 55 positions and GRID holds 120), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EWG and GRID?
The two portfolios are 4.5% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of EWG and GRID?
The largest positions held by both funds are EOAN, SAP, SIE and IFX. Together the top 4 shared positions account for 100% of the total overlap.
What does EWG own that GRID doesn't?
51 positions (69.7% of EWG) are unique to EWG, led by ALV, ENR and DTE. In the other direction, 116 positions (93.6% of GRID) are unique to GRID.