GRID vs ONEQ: Holdings Overlap
GRIDFirst Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
First Trust · 120 holdings · $12.2B · as of 2026-03-31
ONEQFidelity Nasdaq Composite Index ETF
Fidelity · 1022 holdings · $10.8B · as of 2026-05-31
Holdings snapshots are 61 days apart (GRID: 2026-03-31, ONEQ: 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 ONEQ?
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID, by First Trust) holds 120 positions; Fidelity Nasdaq Composite Index ETF (ONEQ, by Fidelity) holds 1022. They have 20 holdings in common, and by portfolio weight the two funds are 7.5% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 20GRID holds 120 · ONEQ holds 1022
- Weight in Shared Holdings
- GRID 11%·ONEQ 18%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
100 of 120 positions (89.2% of the fund) are not held by ONEQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | GRID | ONEQ |
|---|---|---|
| Industrials | 53.2% | 3.1% |
| Information Technology | 10.7% | 53.0% |
| Utilities | 20.3% | 0.7% |
| Communication Services | 0.0% | 15.2% |
| Consumer Discretionary | 4.3% | 12.5% |
| Other Sectors | 0.0% | 13.3% |
| Unclassified | 11.2% | 1.6% |
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, 2% of ONEQ).
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% |
| ONEQ | +3.3% | +15.4% | +26.6% | +25.1% | +13.6% | +18.8% | 0.51% |
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 ONEQ →
Shared Holdings(20)
The top 10 shared positions account for 99% of the overlap, led by NVDA, TSLA and CSCO.
 NVDANVIDIA Corp. COM | 2.14% | 11.18% | 2.14% |
|---|---|---|---|
 TSLATesla Inc COM | 2.01% | 3.56% | 2.01% |
 CSCOCisco Systems, Inc. COM | 1.33% | 1.03% | 1.03% |
 TXNTexas Instruments Inc. COM | 0.76% | 0.60% | 0.60% |
 QCOMQUALCOMM Inc. COM | 0.59% | 0.58% | 0.58% |
 ADIAnalog Devices Inc. COM | 0.67% | 0.44% | 0.44% |
 HONHoneywell International Inc. COM | 0.67% | 0.33% | 0.33% |
 NXPINXP Semiconductors NV EUR0.20 | 0.19% | 0.17% | 0.17% |
 TRMBTrimble Inc COM | 0.06% | 0.03% | 0.03% |
 LFUSLittelfuse Inc. COM | 0.04% | 0.03% | 0.03% |
 AEISAdvanced Energy Industries, Inc. COM | 0.05% | 0.03% | 0.03% |
 MYRGMYR Grp Inc COM | 0.46% | 0.02% | 0.02% |
 ENPHEnphase Energy Inc COM | 0.50% | 0.01% | 0.01% |
 ITRIItron, Inc. COM | 0.39% | 0.01% | 0.01% |
 AMSCAmerican Superconductor Corp. SHS NEW | 0.19% | 0.01% | 0.01% |
 PLPCPreformed Line Products Co. COM | 0.06% | 0.01% | 0.01% |
 DGIIDigi International Inc. COM | 0.01% | 0.01% | 0.01% |
 FLNCFluence Energy, Inc., Class A | 0.12% | 0.01% | 0.01% |
| Willdan Group Inc. COM | 0.13% | 0.01% | 0.01% |
 SEDGSolaredge Technologies Inc COM | 0.32% | 0.00% | 0.00% |
Frequently Asked Questions
How much do GRID and ONEQ overlap?
GRID and ONEQ overlap by 7.5% of portfolio weight. They share 20 holdings (GRID holds 120 positions and ONEQ holds 1022), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GRID and ONEQ?
The two portfolios are 7.5% 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 GRID and ONEQ?
The largest positions held by both funds are NVDA, TSLA, CSCO, TXN and QCOM. Together the top 10 shared positions account for 99% of the total overlap.
What does GRID own that ONEQ doesn't?
100 positions (89.2% of GRID) are unique to GRID, led by ETN, JCI and NG-. In the other direction, 1002 positions (81.4% of ONEQ) are unique to ONEQ.