GRID vs EZU: Holdings Overlap
GRIDFirst Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
First Trust · 120 holdings · $12.2B · as of 2026-03-31
iShares · 226 holdings · $9.8B · as of 2026-05-31
Holdings snapshots are 61 days apart (GRID: 2026-03-31, EZU: 2026-05-31). 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 GRID and EZU?
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID, by First Trust) holds 120 positions; iShares MSCI Eurozone ETF (EZU, by iShares) holds 226. They have 15 holdings in common, and by portfolio weight the two funds are 7.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 15GRID holds 120 · EZU holds 226
- Weight in Shared Holdings
- GRID 23%·EZU 16%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 GRID
105 of 120 positions (76.5% of the fund) are not held by EZU. Showing the top 30 by weight.
Sector Breakdown
| Sector | GRID | EZU |
|---|---|---|
| Industrials | 53.2% | 19.2% |
| Financials | 0.0% | 23.5% |
| Utilities | 20.3% | 6.4% |
| Information Technology | 10.7% | 15.4% |
| Consumer Discretionary | 4.3% | 6.9% |
| Other Sectors | 0.0% | 23.0% |
| Unclassified | 11.2% | 5.4% |
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 (11% of GRID, 5% of EZU).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| GRID | +2.2% | +22.4% | +31.6% | +23.6% | +15.0% | +18.9% | 0.77% |
| EZU | +4.0% | +13.7% | +23.6% | +19.3% | +10.3% | +10.8% | 2.57% |
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 GRID vs EZU →
Shared Holdings(15)
The top 10 shared positions account for 94% of the overlap, led by SU, SAP and SIE.
 SUSchneider Electric SE EUR4.00 | 7.26% | 2.22% | 2.22% |
|---|---|---|---|
 SAPSAP SE ORD NPV | 0.96% | 2.43% | 0.96% |
 SIESiemens AG (Registered) | 0.87% | 3.07% | 0.87% |
 IBEIberdrola, S.A. EUR0.75 | 0.69% | 1.88% | 0.69% |
 PRYPrysmian S.p.A. NPV | 4.25% | 0.63% | 0.63% |
 EOANE.ON SE NPV | 4.10% | 0.61% | 0.61% |
 ENELEnel S.p.A. EUR1 | 0.44% | 1.18% | 0.44% |
 IFXInfineon Technologies AG ORD NPV (REGD) | 0.28% | 1.60% | 0.28% |
 ENGIEngie SA EUR1 | 0.26% | 0.73% | 0.26% |
 LRLegrand SA EUR4 | 0.21% | 0.58% | 0.21% |
 TRNTERNA - Rete Elettrica Nazionale S.p.A. ORD EUR0.22 | 2.00% | 0.21% | 0.21% |
 ELIElia Group SA/NV NPV | 1.03% | 0.09% | 0.09% |
 REDRedeia Corporacion S.A. EUR0.5 | 0.92% | 0.07% | 0.07% |
 EDPEDP ENERGIAS DE PORTUGAL SA | 0.07% | 0.21% | 0.07% |
 VERVerbund AG CLASS'A'NPV | 0.05% | 0.06% | 0.05% |
Frequently Asked Questions
How much do GRID and EZU overlap?
GRID and EZU overlap by 7.7% of portfolio weight. They share 15 holdings (GRID holds 120 positions and EZU holds 226), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GRID and EZU?
The two portfolios are 7.7% 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 GRID and EZU?
The largest positions held by both funds are SU, SAP, SIE, IBE and PRY. Together the top 10 shared positions account for 94% of the total overlap.
What does GRID own that EZU doesn't?
105 positions (76.5% of GRID) are unique to GRID, led by ETN, JCI and NG-. In the other direction, 211 positions (84.3% of EZU) are unique to EZU.