GRID vs GSIE: Holdings Overlap
GRIDFirst Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
First Trust · 120 holdings · $12.2B · as of 2026-03-31
GSIEGoldman Sachs ActiveBeta(R) International Equity ETF
Goldman Sachs · 657 holdings · $6.0B · as of 2026-05-31
Holdings snapshots are 61 days apart (GRID: 2026-03-31, GSIE: 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 GSIE?
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID, by First Trust) holds 120 positions; Goldman Sachs ActiveBeta(R) International Equity ETF (GSIE, by Goldman Sachs) holds 657. They have 29 holdings in common, and by portfolio weight the two funds are 4.9% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 29GRID holds 120 · GSIE holds 657
- Weight in Shared Holdings
- GRID 45%·GSIE 5%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
91 of 120 positions (54.8% of the fund) are not held by GSIE. Showing the top 30 by weight.
Sector Breakdown
| Sector | GRID | GSIE |
|---|---|---|
| Industrials | 53.2% | 15.3% |
| Financials | 0.0% | 24.0% |
| Utilities | 20.3% | 2.9% |
| Information Technology | 10.7% | 9.0% |
| Health Care | 0.0% | 8.0% |
| Other Sectors | 4.3% | 25.1% |
| Unclassified | 11.2% | 15.0% |
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, 15% of GSIE).
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% |
| GSIE | +5.0% | +14.2% | +23.8% | +18.4% | +9.5% | +9.8% | 2.43% |
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 GSIE →
Shared Holdings(29)
The top 10 shared positions account for 68% of the overlap, led by SIE, SAP and IBE.
 SIESiemens AG (Registered) | 0.87% | 0.58% | 0.58% |
|---|---|---|---|
 SAPSAP SE ORD NPV | 0.96% | 0.48% | 0.48% |
 IBEIberdrola, S.A. EUR0.75 | 0.69% | 0.37% | 0.37% |
 SUSchneider Electric SE EUR4.00 | 7.26% | 0.36% | 0.36% |
 6501Hitachi Ltd. NPV | 0.69% | 0.34% | 0.34% |
 ABBNABB Ltd. CHF0.12 (REGD) | 7.58% | 0.33% | 0.33% |
 ENELEnel S.p.A. EUR1 | 0.44% | 0.25% | 0.25% |
 5803Fujikura Ltd. NPV | 1.40% | 0.22% | 0.22% |
 5802Sumitomo Electric Industries Ltd. NPV | 0.22% | 0.30% | 0.22% |
 BEANBELIMO Holding AG CHF0.05 (REGD) | 1.00% | 0.18% | 0.18% |
 6503Mitsubishi Electric Corp. NPV | 0.36% | 0.16% | 0.16% |
 IFXInfineon Technologies AG ORD NPV (REGD) | 0.28% | 0.16% | 0.16% |
 PRYPrysmian S.p.A. NPV | 4.25% | 0.15% | 0.15% |
 ENGIEngie SA EUR1 | 0.26% | 0.13% | 0.13% |
 NG-National Grid PLC ORD GBP0.12431289 | 7.86% | 0.13% | 0.13% |
 FTSFortis Inc COM NPV | 0.15% | 0.12% | 0.12% |
 6723Renesas Electronics Corp. NPV | 0.12% | 0.22% | 0.12% |
 HCADHydro One Ltd COM NPV | 1.76% | 0.10% | 0.10% |
 EOANE.ON SE NPV | 4.10% | 0.07% | 0.07% |
 LRLegrand SA EUR4 | 0.21% | 0.07% | 0.07% |
 5801Furukawa Electric Co Ltd. NPV | 0.06% | 0.05% | 0.05% |
 6752Panasonic Holdings Corporation COMMON STOCK | 0.21% | 0.05% | 0.05% |
 SSESse PLC GBP0.50 | 0.19% | 0.05% | 0.05% |
 TRNTERNA - Rete Elettrica Nazionale S.p.A. ORD EUR0.22 | 2.00% | 0.05% | 0.05% |
 ELIElia Group SA/NV NPV | 1.03% | 0.04% | 0.04% |
Frequently Asked Questions
How much do GRID and GSIE overlap?
GRID and GSIE overlap by 4.9% of portfolio weight. They share 29 holdings (GRID holds 120 positions and GSIE holds 657), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GRID and GSIE?
The two portfolios are 4.9% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of GRID and GSIE?
The largest positions held by both funds are SIE, SAP, IBE, SU and 6501. Together the top 10 shared positions account for 68% of the total overlap.
What does GRID own that GSIE doesn't?
91 positions (54.8% of GRID) are unique to GRID, led by ETN, JCI and PWR. In the other direction, 628 positions (94.2% of GSIE) are unique to GSIE.