GRID vs IGM: Holdings Overlap
GRIDFirst Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
First Trust · 120 holdings · $12.2B · as of 2026-03-31
IGMiShares Expanded Tech Sector ETF
iShares · 288 holdings · $10.7B · as of 2026-03-31
How similar are GRID and IGM?
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID, by First Trust) holds 120 positions; iShares Expanded Tech Sector ETF (IGM, by iShares) holds 288. They have 16 holdings in common, and by portfolio weight the two funds are 8.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 16GRID holds 120 · IGM holds 288
- Weight in Shared Holdings
- GRID 9%·IGM 17%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
104 of 120 positions (90.7% of the fund) are not held by IGM. Showing the top 30 by weight.
Sector Breakdown
| Sector | GRID | IGM |
|---|---|---|
| Information Technology | 10.7% | 82.6% |
| Industrials | 53.2% | 0.0% |
| Utilities | 20.3% | 0.0% |
| Communication Services | 0.0% | 17.1% |
| Consumer Discretionary | 4.3% | 0.0% |
| Other Sectors | 0.0% | 0.0% |
| Unclassified | 11.2% | 0.1% |
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, 0% of IGM).
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% |
| IGM | +4.5% | +26.9% | +40.7% | +35.3% | +19.1% | +23.9% | 0.13% |
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 IGM →
Shared Holdings(16)
The top 10 shared positions account for 98% of the overlap, led by NVDA, CSCO and ORCL.
 NVDANVIDIA Corp. COM | 2.14% | 8.44% | 2.14% |
|---|---|---|---|
 CSCOCisco Systems, Inc. COM | 1.33% | 2.02% | 1.33% |
 ORCLOracle Corp. COM | 1.18% | 1.65% | 1.18% |
 IBMInternational Business Machines Corp. COM | 0.98% | 1.49% | 0.98% |
 TXNTexas Instruments Inc. COM | 0.76% | 1.16% | 0.76% |
 ADIAnalog Devices Inc. COM | 0.67% | 1.03% | 0.67% |
 QCOMQUALCOMM Inc. COM | 0.59% | 0.91% | 0.59% |
 NXPINXP Semiconductors NV COM | 0.19% | 0.33% | 0.19% |
 TRMBTrimble Inc COM | 0.06% | 0.10% | 0.06% |
 AEISAdvanced Energy Industries, Inc. COM | 0.05% | 0.08% | 0.05% |
 LFUSLittelfuse Inc. COM | 0.04% | 0.06% | 0.04% |
 ENPHEnphase Energy Inc COM | 0.50% | 0.03% | 0.03% |
 ITRIItron, Inc. COM | 0.39% | 0.03% | 0.03% |
 SEDGSolaredge Technologies Inc COM | 0.32% | 0.02% | 0.02% |
 BDCBelden Inc. COM | 0.01% | 0.03% | 0.01% |
 DGIIDigi International Inc. COM | 0.01% | 0.01% | 0.01% |
Frequently Asked Questions
How much do GRID and IGM overlap?
GRID and IGM overlap by 8.1% of portfolio weight. They share 16 holdings (GRID holds 120 positions and IGM holds 288), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GRID and IGM?
The two portfolios are 8.1% 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 GRID and IGM?
The largest positions held by both funds are NVDA, CSCO, ORCL, IBM and TXN. Together the top 10 shared positions account for 98% of the total overlap.
What does GRID own that IGM doesn't?
104 positions (90.7% of GRID) are unique to GRID, led by ETN, JCI and NG-. In the other direction, 272 positions (82.5% of IGM) are unique to IGM.