EWJ vs GRID: Holdings Overlap
iShares · 179 holdings · $22.4B · 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 (EWJ: 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 EWJ and GRID?
iShares MSCI Japan ETF (EWJ, by iShares) holds 179 positions; First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID, by First Trust) holds 120. They have 7 holdings in common, and by portfolio weight the two funds are 2.5% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 7EWJ holds 179 · GRID holds 120
- Weight in Shared Holdings
- EWJ 8%·GRID 3%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 EWJ
172 of 179 positions (90.8% of the fund) are not held by GRID. Showing the top 30 by weight.
Only in GRID
113 of 120 positions (96.8% of the fund) are not held by EWJ. Showing the top 30 by weight.
Sector Breakdown
| Sector | EWJ | GRID |
|---|---|---|
| Industrials | 23.4% | 53.2% |
| Utilities | 1.0% | 20.3% |
| Information Technology | 17.7% | 10.7% |
| Financials | 16.3% | 0.0% |
| Consumer Discretionary | 12.2% | 4.3% |
| Other Sectors | 22.1% | 0.0% |
| Unclassified | 6.5% | 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 (7% of EWJ, 11% of GRID).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EWJ | +4.1% | +20.7% | +31.9% | +19.3% | +10.0% | +9.3% | 3.68% |
| 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 EWJ vs GRID →
Shared Holdings(7)
The top 7 shared positions account for 100% of the overlap, led by 5803, 6501 and 6503.
 5803Fujikura Ltd. NPV | 0.86% | 1.40% | 0.86% |
|---|---|---|---|
 6501Hitachi Ltd. NPV | 2.84% | 0.69% | 0.69% |
 6503Mitsubishi Electric Corp. NPV | 1.48% | 0.36% | 0.36% |
 5802Sumitomo Electric Industries Ltd. NPV | 1.05% | 0.22% | 0.22% |
 6752Panasonic Holdings Corporation COMMON STOCK | 1.03% | 0.21% | 0.21% |
 6723Renesas Electronics Corp. NPV | 0.95% | 0.12% | 0.12% |
 6504Fuji Electric Co., Ltd. NPV | 0.26% | 0.05% | 0.05% |
Frequently Asked Questions
How much do EWJ and GRID overlap?
EWJ and GRID overlap by 2.5% of portfolio weight. They share 7 holdings (EWJ holds 179 positions and GRID holds 120), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EWJ and GRID?
The two portfolios are 2.5% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of EWJ and GRID?
The largest positions held by both funds are 5803, 6501, 6503, 5802 and 6752. Together the top 7 shared positions account for 100% of the total overlap.
What does EWJ own that GRID doesn't?
172 positions (90.8% of EWJ) are unique to EWJ, led by 8306, 7203 and 9984. In the other direction, 113 positions (96.8% of GRID) are unique to GRID.