GRID vs SCHE: Holdings Overlap
GRIDFirst Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
First Trust · 120 holdings · $12.2B · as of 2026-03-31
SCHESchwab Emerging Markets Equity ETF
Schwab · 2180 holdings · $12.7B · as of 2026-05-31
Holdings snapshots are 61 days apart (GRID: 2026-03-31, SCHE: 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 SCHE?
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID, by First Trust) holds 120 positions; Schwab Emerging Markets Equity ETF (SCHE, by Schwab) holds 2180. They have 16 holdings in common, and by portfolio weight the two funds are 0.8% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 16GRID holds 120 · SCHE holds 2180
- Weight in Shared Holdings
- GRID 5%·SCHE 1%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 (94.7% of the fund) are not held by SCHE. Showing the top 30 by weight.
Only in SCHE
2164 of 2180 positions (98.5% of the fund) are not held by GRID. Showing the top 30 by weight.
Sector Breakdown
| Sector | GRID | SCHE |
|---|---|---|
| Industrials | 53.2% | 2.1% |
| Information Technology | 10.7% | 29.1% |
| Utilities | 20.3% | 1.2% |
| Financials | 0.0% | 13.4% |
| Consumer Discretionary | 4.3% | 7.0% |
| Other Sectors | 0.0% | 16.0% |
| Unclassified | 11.2% | 30.8% |
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, 31% of SCHE).
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% |
| SCHE | +3.4% | +13.1% | +22.4% | +17.1% | +6.7% | +8.0% | 2.57% |
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 SCHE →
Shared Holdings(16)
The top 10 shared positions account for 89% of the overlap, led by 1211RUB, WEGE3 and EQTL3.
 1211RUBBYD Co Ltd. 'H'CNY1 | 0.26% | 0.40% | 0.26% |
|---|---|---|---|
 WEGE3Weg SA COM NPV | 0.11% | 0.12% | 0.11% |
 EQTL3Equatorial SA COM NPV | 1.32% | 0.07% | 0.07% |
 C7A0Contemporary Amperex Technology Co Ltd. CNY1 H SHS | 0.05% | 0.19% | 0.05% |
 CPLE3Companhia Paranaense de Energia - COPEL COM NPV | 0.27% | 0.05% | 0.05% |
 1519Fortune Electric C TWD10 | 0.82% | 0.04% | 0.04% |
 ENGI11Energisa S.A. UNITS (1 COM & 4 PRF) | 0.52% | 0.04% | 0.04% |
 2395Advantech Co Ltd. TWD10 | 0.03% | 0.07% | 0.03% |
 ASTORAstor Transformator Enerji Turizm Insaat Ve Petrol Sanayi Ticaret AS | 0.22% | 0.03% | 0.03% |
| Cenergy Hldgs Sa NPV | 0.19% | 0.02% | 0.02% |
| Transmissora Alianca de Energia Eletrica SA UNITS(1 COM NPV & 2 PRF NPV) | 0.38% | 0.02% | 0.02% |
 1503Shihlin Electric & Engineering Corp | 0.25% | 0.02% | 0.02% |
| Isa Energia Brasil PREF NPV | 0.22% | 0.02% | 0.02% |
 6409Voltronic Power Technology Corp. TWD10 | 0.25% | 0.01% | 0.01% |
 2371Tatung Co. Ltd. TWD10 | 0.01% | 0.01% | 0.01% |
| Alupar Investimento SA UNITS (1 COM & 2 PRF) | 0.30% | 0.01% | 0.01% |
Frequently Asked Questions
How much do GRID and SCHE overlap?
GRID and SCHE overlap by 0.8% of portfolio weight. They share 16 holdings (GRID holds 120 positions and SCHE holds 2180), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GRID and SCHE?
The two portfolios are 0.8% 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 SCHE?
The largest positions held by both funds are 1211RUB, WEGE3, EQTL3, C7A0 and CPLE3. Together the top 10 shared positions account for 89% of the total overlap.
What does GRID own that SCHE doesn't?
104 positions (94.7% of GRID) are unique to GRID, led by ETN, JCI and NG-. In the other direction, 2164 positions (98.5% of SCHE) are unique to SCHE.