GRID vs QUAL: Holdings Overlap
GRIDFirst Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
First Trust · 120 holdings · $12.2B · as of 2026-03-31
QUALiShares MSCI USA Quality Factor ETF
iShares · 121 holdings · $47.8B · as of 2026-04-30
Holdings snapshots are 30 days apart (GRID: 2026-03-31, QUAL: 2026-04-30). 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 QUAL?
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID, by First Trust) holds 120 positions; iShares MSCI USA Quality Factor ETF (QUAL, by iShares) holds 121. They have 2 holdings in common, and by portfolio weight the two funds are 2.7% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 2GRID holds 120 · QUAL holds 121
- Weight in Shared Holdings
- GRID 3%·QUAL 8%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
118 of 120 positions (97.1% of the fund) are not held by QUAL. Showing the top 30 by weight.
Sector Breakdown
| Sector | GRID | QUAL |
|---|---|---|
| Industrials | 53.2% | 9.4% |
| Information Technology | 10.7% | 34.4% |
| Utilities | 20.3% | 1.9% |
| Financials | 0.0% | 11.6% |
| Communication Services | 0.0% | 11.0% |
| Other Sectors | 4.3% | 31.5% |
| 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 QUAL).
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% |
| QUAL | +3.6% | +14.1% | +23.7% | +19.0% | +11.5% | +14.4% | 0.84% |
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 QUAL →
Shared Holdings(2)
Frequently Asked Questions
How much do GRID and QUAL overlap?
GRID and QUAL overlap by 2.7% of portfolio weight. They share 2 holdings (GRID holds 120 positions and QUAL holds 121), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GRID and QUAL?
The two portfolios are 2.7% 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 QUAL?
The largest positions held by both funds are NVDA and QCOM. Together the top 2 shared positions account for 100% of the total overlap.
What does GRID own that QUAL doesn't?
118 positions (97.1% of GRID) are unique to GRID, led by ETN, JCI and NG-. In the other direction, 119 positions (91.9% of QUAL) are unique to QUAL.