EWL vs GRID: Holdings Overlap
EWLiShares MSCI Switzerland ETF
iShares · 42 holdings · $2.2B · 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 (EWL: 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 EWL and GRID?
iShares MSCI Switzerland ETF (EWL, by iShares) holds 42 positions; First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID, by First Trust) holds 120. They have 3 holdings in common, and by portfolio weight the two funds are 6.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 6.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 3EWL holds 42 · GRID holds 120
- Weight in Shared Holdings
- EWL 6%·GRID 9%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 EWL
39 of 42 positions (91.9% of the fund) are not held by GRID. Showing the top 30 by weight.
Only in GRID
117 of 120 positions (91.3% of the fund) are not held by EWL. Showing the top 30 by weight.
Sector Breakdown
| Sector | EWL | GRID |
|---|---|---|
| Industrials | 11.3% | 53.2% |
| Health Care | 37.9% | 0.0% |
| Utilities | 0.0% | 20.3% |
| Financials | 17.3% | 0.0% |
| Consumer Staples | 14.3% | 0.0% |
| Other Sectors | 14.4% | 15.1% |
| Unclassified | 3.2% | 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 (3% of EWL, 11% of GRID).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EWL | +1.7% | +9.5% | +22.3% | +13.4% | +7.3% | +10.1% | 1.69% |
| 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 EWL vs GRID →
Shared Holdings(3)
The top 3 shared positions account for 100% of the overlap, led by ABBN, BEAN and BKW.
Frequently Asked Questions
How much do EWL and GRID overlap?
EWL and GRID overlap by 6.1% of portfolio weight. They share 3 holdings (EWL holds 42 positions and GRID holds 120), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EWL and GRID?
The two portfolios are 6.1% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of EWL and GRID?
The largest positions held by both funds are ABBN, BEAN and BKW. Together the top 3 shared positions account for 100% of the total overlap.
What does EWL own that GRID doesn't?
39 positions (91.9% of EWL) are unique to EWL, led by ROP, NOVN and NESN. In the other direction, 117 positions (91.3% of GRID) are unique to GRID.