GRID vs SCZ: Holdings Overlap
GRIDFirst Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
First Trust · 120 holdings · $12.2B · as of 2026-03-31
SCZiShares MSCI EAFE Small-Cap ETF
iShares · 2044 holdings · $13.5B · as of 2026-04-30
Holdings snapshots are 30 days apart (GRID: 2026-03-31, SCZ: 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 SCZ?
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID, by First Trust) holds 120 positions; iShares MSCI EAFE Small-Cap ETF (SCZ, by iShares) holds 2044. They have 14 holdings in common, and by portfolio weight the two funds are 1.1% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 14GRID holds 120 · SCZ holds 2044
- Weight in Shared Holdings
- GRID 4%·SCZ 2%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
106 of 120 positions (95.9% of the fund) are not held by SCZ. Showing the top 30 by weight.
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% |
| SCZ | +4.1% | +13.5% | +20.2% | +16.6% | +5.9% | +8.6% | 3.07% |
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 SCZ →
Shared Holdings(14)
The top 10 shared positions account for 91% of the overlap, led by SPIE, NKT and NEX.
 SPIESPIE SA EUR0.47 | 1.06% | 0.23% | 0.23% |
|---|---|---|---|
 NKTNkt AS DKK20 | 0.89% | 0.22% | 0.22% |
 NEXNexans SA EUR1 | 0.70% | 0.19% | 0.19% |
 5801Furukawa Electric Co Ltd. NPV | 0.06% | 0.50% | 0.06% |
 6508Meidensha Corporation NPV | 0.28% | 0.05% | 0.05% |
| Landis & Gyr Group AG CHF10 (REGD) | 0.20% | 0.05% | 0.05% |
 6622Daihen Corp NPV | 0.22% | 0.05% | 0.05% |
| REN - Redes Energeticas Nacionais, SGPS, S.A EUR1(REGD) | 0.19% | 0.04% | 0.04% |
 5333NGK Insulators Ltd | 0.04% | 0.20% | 0.04% |
 S92SMA Solar Technology AG NPV (BR) | 0.14% | 0.03% | 0.03% |
| R&S Group Holding AG CHF0.1 | 0.10% | 0.03% | 0.03% |
| Pfisterer Holding SE NPV | 0.08% | 0.02% | 0.02% |
 6845Azbil Corp. NPV | 0.02% | 0.11% | 0.02% |
 6674GS Yuasa Corp. NPV | 0.02% | 0.09% | 0.02% |
Frequently Asked Questions
How much do GRID and SCZ overlap?
GRID and SCZ overlap by 1.1% of portfolio weight. They share 14 holdings (GRID holds 120 positions and SCZ holds 2044), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GRID and SCZ?
The two portfolios are 1.1% 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 SCZ?
The largest positions held by both funds are SPIE, NKT, NEX, 5801 and 6508. Together the top 10 shared positions account for 91% of the total overlap.
What does GRID own that SCZ doesn't?
106 positions (95.9% of GRID) are unique to GRID, led by ETN, JCI and NG-. In the other direction, 2030 positions (97.5% of SCZ) are unique to SCZ.