GRID vs QQQ: Holdings Overlap
GRIDFirst Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
First Trust · 120 holdings · $12.2B · as of 2026-03-31
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
How similar are GRID and QQQ?
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID, by First Trust) holds 120 positions; Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101. They have 8 holdings in common, and by portfolio weight the two funds are 8.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 8GRID holds 120 · QQQ holds 101
- Weight in Shared Holdings
- GRID 8%·QQQ 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
112 of 120 positions (91.5% of the fund) are not held by QQQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | GRID | QQQ |
|---|---|---|
| Industrials | 53.2% | 4.2% |
| Information Technology | 10.7% | 49.7% |
| Utilities | 20.3% | 1.5% |
| Communication Services | 0.0% | 16.0% |
| Consumer Discretionary | 4.3% | 12.6% |
| Other Sectors | 0.0% | 15.9% |
| 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 QQQ).
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% |
| QQQ | +1.9% | +18.0% | +27.6% | +25.2% | +15.2% | +20.8% | 0.42% |
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 QQQ →
Shared Holdings(8)
The top 8 shared positions account for 100% of the overlap, led by NVDA, TSLA and CSCO.
 NVDANVIDIA Corp. COM | 2.14% | 8.68% | 2.14% |
|---|---|---|---|
 TSLATesla Inc COM | 2.01% | 3.80% | 2.01% |
 CSCOCisco Systems, Inc. COM | 1.33% | 1.73% | 1.33% |
 TXNTexas Instruments Inc. COM | 0.76% | 1.00% | 0.76% |
 ADIAnalog Devices Inc. COM | 0.67% | 0.88% | 0.67% |
 HONHoneywell International Inc. COM | 0.67% | 0.81% | 0.67% |
 QCOMQUALCOMM Inc. COM | 0.59% | 0.78% | 0.59% |
 NXPINXP Semiconductors NV COM | 0.19% | 0.28% | 0.19% |
Frequently Asked Questions
How much do GRID and QQQ overlap?
GRID and QQQ overlap by 8.4% of portfolio weight. They share 8 holdings (GRID holds 120 positions and QQQ holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GRID and QQQ?
The two portfolios are 8.4% 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 QQQ?
The largest positions held by both funds are NVDA, TSLA, CSCO, TXN and ADI. Together the top 8 shared positions account for 100% of the total overlap.
What does GRID own that QQQ doesn't?
112 positions (91.5% of GRID) are unique to GRID, led by ETN, JCI and NG-. In the other direction, 93 positions (81.9% of QQQ) are unique to QQQ.