GRID vs IFRA: Holdings Overlap
GRIDFirst Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
First Trust · 120 holdings · $12.2B · as of 2026-03-31
IFRAiShares U.S. Infrastructure ETF
iShares · 162 holdings · $4.6B · as of 2026-03-31
How similar are GRID and IFRA?
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID, by First Trust) holds 120 positions; iShares U.S. Infrastructure ETF (IFRA, by iShares) holds 162. They have 6 holdings in common, and by portfolio weight the two funds are 3.9% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 6GRID holds 120 · IFRA holds 162
- Weight in Shared Holdings
- GRID 5%·IFRA 6%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
114 of 120 positions (94.9% of the fund) are not held by IFRA. Showing the top 30 by weight.
Sector Breakdown
| Sector | GRID | IFRA |
|---|---|---|
| Industrials | 53.2% | 35.2% |
| Utilities | 20.3% | 41.4% |
| Materials | 0.0% | 13.6% |
| Information Technology | 10.7% | 0.0% |
| Energy | 0.0% | 8.5% |
| Other Sectors | 4.3% | 0.3% |
| Unclassified | 11.2% | 0.9% |
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, 1% of IFRA).
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% |
| IFRA | -1.1% | +17.1% | +22.3% | +17.8% | +13.3% | — | 1.59% |
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 IFRA →
Shared Holdings(6)
The top 6 shared positions account for 100% of the overlap, led by PWR, MYRG and FTS.
 PWRQuanta Services, Inc. COM | 4.24% | 3.41% | 3.41% |
|---|---|---|---|
 MYRGMYR Grp Inc COM | 0.46% | 0.18% | 0.18% |
 FTSFortis Inc COM NPV | 0.15% | 0.76% | 0.15% |
 MTZMastec, Inc. COM | 0.09% | 0.81% | 0.09% |
 VMIValmont Industries, Inc. COM | 0.03% | 0.32% | 0.03% |
 PRIMPrimoris Services Corp. COM | 0.03% | 0.32% | 0.03% |
Frequently Asked Questions
How much do GRID and IFRA overlap?
GRID and IFRA overlap by 3.9% of portfolio weight. They share 6 holdings (GRID holds 120 positions and IFRA holds 162), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GRID and IFRA?
The two portfolios are 3.9% 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 IFRA?
The largest positions held by both funds are PWR, MYRG, FTS, MTZ and VMI. Together the top 6 shared positions account for 100% of the total overlap.
What does GRID own that IFRA doesn't?
114 positions (94.9% of GRID) are unique to GRID, led by ETN, JCI and NG-. In the other direction, 156 positions (94.0% of IFRA) are unique to IFRA.