FIDU vs GRID: Holdings Overlap
FIDUFidelity MSCI Industrials Index ETF
Fidelity · 359 holdings · $2.3B · 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 (FIDU: 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 FIDU and GRID?
Fidelity MSCI Industrials Index ETF (FIDU, by Fidelity) holds 359 positions; First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID, by First Trust) holds 120. They have 23 holdings in common, and by portfolio weight the two funds are 8.5% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 23FIDU holds 359 · GRID holds 120
- Weight in Shared Holdings
- FIDU 15%·GRID 29%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 FIDU
336 of 359 positions (85.0% of the fund) are not held by GRID. Showing the top 30 by weight.
Sector Breakdown
| Sector | FIDU | GRID |
|---|---|---|
| Industrials | 99.5% | 53.2% |
| Utilities | 0.0% | 20.3% |
| Information Technology | 0.3% | 10.7% |
| Consumer Discretionary | 0.0% | 4.3% |
| Other Sectors | 0.0% | 0.0% |
| Unclassified | 0.0% | 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 (0% of FIDU, 11% of GRID).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FIDU | +1.6% | +20.2% | +25.0% | +20.8% | +14.0% | +14.2% | 0.91% |
| 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 FIDU vs GRID →
Shared Holdings(23)
The top 10 shared positions account for 96% of the overlap, led by ETN, PWR and JCI.
 ETNEaton Corporation PLC SHS | 2.40% | 8.28% | 2.40% |
|---|---|---|---|
 PWRQuanta Services, Inc. COM | 1.55% | 4.24% | 1.55% |
 JCIJohnson Controls International PLC SHS | 1.28% | 7.90% | 1.28% |
 GEVGE Vernova Inc. COM | 4.20% | 0.96% | 0.96% |
 HONHoneywell International Inc. COM | 1.95% | 0.67% | 0.67% |
 HUBBHubbell Incorporated COM | 0.39% | 2.87% | 0.39% |
 EMREmerson Electric Co. COM | 1.13% | 0.34% | 0.34% |
 NVTNVent Electric PLC SHS | 0.33% | 2.10% | 0.33% |
 MYRGMYR Grp Inc COM | 0.09% | 0.46% | 0.09% |
 MTZMastec, Inc. COM | 0.35% | 0.09% | 0.09% |
 WCCWesco International, Inc. COM | 0.24% | 0.06% | 0.06% |
 GNRCGenerac Holdings Inc. COM | 0.22% | 0.05% | 0.05% |
 ATKRAtkore Inc COM | 0.04% | 0.22% | 0.04% |
 AMSCAmerican Superconductor Corp. SHS NEW | 0.03% | 0.19% | 0.03% |
 VMIValmont Industries, Inc. COM | 0.14% | 0.03% | 0.03% |
 PRIMPrimoris Services Corp. COM | 0.14% | 0.03% | 0.03% |
 ESEESCO Technologies Inc. COM | 0.12% | 0.03% | 0.03% |
 ENSEnerSys COM | 0.11% | 0.03% | 0.03% |
 ACAArcosa Inc COM | 0.09% | 0.02% | 0.02% |
| Willdan Group Inc. COM | 0.02% | 0.13% | 0.02% |
 PLPCPreformed Line Products Co. COM | 0.01% | 0.06% | 0.01% |
 AZZAZZ Inc COM | 0.06% | 0.01% | 0.01% |
 FLNCFluence Energy Inc COM CL A | 0.01% | 0.12% | 0.01% |
Frequently Asked Questions
How much do FIDU and GRID overlap?
FIDU and GRID overlap by 8.5% of portfolio weight. They share 23 holdings (FIDU holds 359 positions and GRID holds 120), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FIDU and GRID?
The two portfolios are 8.5% 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 FIDU and GRID?
The largest positions held by both funds are ETN, PWR, JCI, GEV and HON. Together the top 10 shared positions account for 96% of the total overlap.
What does FIDU own that GRID doesn't?
336 positions (85.0% of FIDU) are unique to FIDU, led by CAT, GE and RTX. In the other direction, 97 positions (71.0% of GRID) are unique to GRID.