GRID vs PBUS: Holdings Overlap
GRIDFirst Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
First Trust · 120 holdings · $12.2B · as of 2026-03-31
Invesco · 537 holdings · $11.4B · as of 2026-05-31
Holdings snapshots are 61 days apart (GRID: 2026-03-31, PBUS: 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 PBUS?
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID, by First Trust) holds 120 positions; Invesco MSCI USA ETF (PBUS, by Invesco) holds 537. They have 18 holdings in common, and by portfolio weight the two funds are 8.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 18GRID holds 120 · PBUS holds 537
- Weight in Shared Holdings
- GRID 37%·PBUS 14%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
102 of 120 positions (63.0% of the fund) are not held by PBUS. Showing the top 30 by weight.
Sector Breakdown
| Sector | GRID | PBUS |
|---|---|---|
| Industrials | 53.2% | 8.5% |
| Information Technology | 10.7% | 38.0% |
| Utilities | 20.3% | 2.0% |
| Financials | 0.0% | 11.1% |
| Communication Services | 0.0% | 10.7% |
| Other Sectors | 4.3% | 29.3% |
| Unclassified | 11.2% | 0.0% |
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, 0% of PBUS).
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% |
| PBUS | +3.4% | +14.0% | +23.4% | +21.4% | +12.9% | — | 0.99% |
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 PBUS →
Shared Holdings(18)
The top 10 shared positions account for 90% of the overlap, led by NVDA, TSLA and CSCO.
 NVDANVIDIA Corp. COM | 2.14% | 7.77% | 2.14% |
|---|---|---|---|
 TSLATesla Inc COM | 2.01% | 1.86% | 1.86% |
 CSCOCisco Systems, Inc. COM | 1.33% | 0.72% | 0.72% |
 ORCLOracle Corp. COM | 1.18% | 0.59% | 0.59% |
 IBMInternational Business Machines Corp. COM | 0.98% | 0.42% | 0.42% |
 TXNTexas Instruments Inc. COM | 0.76% | 0.42% | 0.42% |
 QCOMQUALCOMM Inc. COM | 0.59% | 0.40% | 0.40% |
 GEVGE Vernova Inc. COM | 0.96% | 0.40% | 0.40% |
 ADIAnalog Devices Inc. COM | 0.67% | 0.31% | 0.31% |
 ETNEaton Corporation PLC SHS | 8.28% | 0.24% | 0.24% |
 HONHoneywell International Inc. COM | 0.67% | 0.23% | 0.23% |
 PWRQuanta Services, Inc. COM | 4.24% | 0.16% | 0.16% |
 JCIJohnson Controls International PLC SHS | 7.90% | 0.12% | 0.12% |
 NXPINXP Semiconductors NV COM | 0.19% | 0.12% | 0.12% |
 EMREmerson Electric Co. COM | 0.34% | 0.12% | 0.12% |
 HUBBHubbell Incorporated COM | 2.87% | 0.04% | 0.04% |
 APTVAptiv PLC COM SHS | 1.64% | 0.02% | 0.02% |
 TRMBTrimble Inc COM | 0.06% | 0.02% | 0.02% |
Frequently Asked Questions
How much do GRID and PBUS overlap?
GRID and PBUS overlap by 8.3% of portfolio weight. They share 18 holdings (GRID holds 120 positions and PBUS holds 537), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GRID and PBUS?
The two portfolios are 8.3% 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 PBUS?
The largest positions held by both funds are NVDA, TSLA, CSCO, ORCL and IBM. Together the top 10 shared positions account for 90% of the total overlap.
What does GRID own that PBUS doesn't?
102 positions (63.0% of GRID) are unique to GRID, led by NG-, ABBN and SU. In the other direction, 519 positions (85.7% of PBUS) are unique to PBUS.