GRID vs VTWO: Holdings Overlap
GRIDFirst Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
First Trust · 120 holdings · $12.2B · as of 2026-03-31
VTWOVanguard Russell 2000 Index Fund
Vanguard · 1952 holdings · $17.4B · as of 2026-05-31
Holdings snapshots are 61 days apart (GRID: 2026-03-31, VTWO: 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 VTWO?
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID, by First Trust) holds 120 positions; Vanguard Russell 2000 Index Fund (VTWO, by Vanguard) holds 1952. They have 15 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
- 15GRID holds 120 · VTWO holds 1952
- Weight in Shared Holdings
- GRID 2%·VTWO 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
105 of 120 positions (98.1% of the fund) are not held by VTWO. Showing the top 30 by weight.
Only in VTWO
1937 of 1952 positions (97.6% of the fund) are not held by GRID. Showing the top 30 by weight.
Sector Breakdown
| Sector | GRID | VTWO |
|---|---|---|
| Industrials | 53.2% | 19.4% |
| Utilities | 20.3% | 2.5% |
| Information Technology | 10.7% | 17.8% |
| Health Care | 0.0% | 15.5% |
| Financials | 0.0% | 14.3% |
| Other Sectors | 4.3% | 25.5% |
| Unclassified | 11.2% | 4.8% |
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, 5% of VTWO).
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% |
| VTWO | +1.8% | +23.1% | +38.8% | +17.3% | +7.7% | +11.0% | 1.07% |
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 VTWO →
Shared Holdings(15)
The top 10 shared positions account for 90% of the overlap, led by MYRG, ITRI and ATKR.
 MYRGMYR Grp Inc COM | 0.46% | 0.21% | 0.21% |
|---|---|---|---|
 ITRIItron, Inc. COM | 0.39% | 0.11% | 0.11% |
 ATKRAtkore Inc COM | 0.22% | 0.08% | 0.08% |
 AMSCAmerican Superconductor Corp. SHS NEW | 0.19% | 0.07% | 0.07% |
 FLNCFluence Energy, Inc., Class A | 0.12% | 0.05% | 0.05% |
 AEISAdvanced Energy Industries, Inc. COM | 0.05% | 0.33% | 0.05% |
| Willdan Group Inc. COM | 0.13% | 0.04% | 0.04% |
 PRIMPrimoris Services Corp. COM | 0.03% | 0.20% | 0.03% |
 ESEESCO Technologies Inc. COM | 0.03% | 0.22% | 0.03% |
 PLPCPreformed Line Products Co. COM | 0.06% | 0.03% | 0.03% |
 ENSEnerSys COM | 0.03% | 0.25% | 0.03% |
 ACAArcosa Inc COM | 0.02% | 0.18% | 0.02% |
 BDCBelden Inc. COM | 0.01% | 0.12% | 0.01% |
 AZZAZZ Inc COM | 0.01% | 0.12% | 0.01% |
 DGIIDigi International Inc. COM | 0.01% | 0.07% | 0.01% |
Frequently Asked Questions
How much do GRID and VTWO overlap?
GRID and VTWO overlap by 0.8% of portfolio weight. They share 15 holdings (GRID holds 120 positions and VTWO holds 1952), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GRID and VTWO?
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 VTWO?
The largest positions held by both funds are MYRG, ITRI, ATKR, AMSC and FLNC. Together the top 10 shared positions account for 90% of the total overlap.
What does GRID own that VTWO doesn't?
105 positions (98.1% of GRID) are unique to GRID, led by ETN, JCI and NG-. In the other direction, 1937 positions (97.6% of VTWO) are unique to VTWO.