GRID vs SPEM: Holdings Overlap
GRIDFirst Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
First Trust · 120 holdings · $12.2B · as of 2026-03-31
SPEMState Street® SPDR® Portfolio Emerging Markets ETF
State Street (SPDR) · 2776 holdings · $17.4B · as of 2026-08-06
Holdings snapshots are 128 days apart (GRID: 2026-03-31, SPEM: 2026-08-06). 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 SPEM?
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID, by First Trust) holds 120 positions; State Street® SPDR® Portfolio Emerging Markets ETF (SPEM, by State Street (SPDR)) holds 2776. They have 13 holdings in common, and by portfolio weight the two funds are 0.6% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 13GRID holds 120 · SPEM holds 2776
- Weight in Shared Holdings
- GRID 3%·SPEM 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
107 of 120 positions (96.4% of the fund) are not held by SPEM. Showing the top 30 by weight.
Only in SPEM
2763 of 2776 positions (107.8% of the fund) are not held by GRID. Showing the top 30 by weight.
Sector Breakdown
| Sector | GRID | SPEM |
|---|---|---|
| Industrials | 53.2% | 1.5% |
| Information Technology | 10.7% | 25.3% |
| Utilities | 20.3% | 0.9% |
| Financials | 0.0% | 15.1% |
| Consumer Discretionary | 4.3% | 7.0% |
| Other Sectors | 0.0% | 15.6% |
| Unclassified | 11.2% | 43.5% |
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, 40% of SPEM).
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% |
| SPEM | +2.8% | +13.1% | +22.8% | +17.3% | +7.2% | +8.6% | 2.48% |
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 SPEM →
Shared Holdings(13)
The top 10 shared positions account for 98% of the overlap, led by 1211RUB, WEGE3 and C7A0.
 1211RUBBYD Co Ltd. 'H'CNY1 | 0.26% | 0.33% | 0.26% |
|---|---|---|---|
 WEGE3Weg SA COM NPV | 0.11% | 0.29% | 0.11% |
 C7A0Contemporary Amperex Technology Co Ltd. CNY1 H SHS | 0.05% | 0.14% | 0.05% |
 EQTL3Equatorial SA COM NPV | 1.32% | 0.04% | 0.04% |
 1609Ta Ya Electric Wire & Cable Co., Ltd. TWD10 | 0.11% | 0.04% | 0.04% |
 1519Fortune Electric C TWD10 | 0.82% | 0.03% | 0.03% |
 2395Advantech Co Ltd. TWD10 | 0.03% | 0.05% | 0.03% |
 ASTORAstor Transformator Enerji Turizm Insaat Ve Petrol Sanayi Ticaret AS | 0.22% | 0.02% | 0.02% |
 6409Voltronic Power Technology Corp. TWD10 | 0.25% | 0.02% | 0.02% |
 1503Shihlin Electric & Engineering Corp | 0.25% | 0.01% | 0.01% |
 1513Chung-Hsin Electric & Machinery Manufacturing Corp | 0.01% | 0.00% | 0.00% |
 2371Tatung Co. Ltd. TWD10 | 0.01% | 0.00% | 0.00% |
 AXIACentrais Elet Bras Sa Eletrobras SPONSORED ADR | 0.00% | 0.11% | 0.00% |
Frequently Asked Questions
How much do GRID and SPEM overlap?
GRID and SPEM overlap by 0.6% of portfolio weight. They share 13 holdings (GRID holds 120 positions and SPEM holds 2776), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GRID and SPEM?
The two portfolios are 0.6% 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 SPEM?
The largest positions held by both funds are 1211RUB, WEGE3, C7A0, EQTL3 and 1609. Together the top 10 shared positions account for 98% of the total overlap.
What does GRID own that SPEM doesn't?
107 positions (96.4% of GRID) are unique to GRID, led by ETN, JCI and NG-. In the other direction, 2763 positions (107.8% of SPEM) are unique to SPEM.