GRID vs XLI: Holdings Overlap
GRIDFirst Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
First Trust · 120 holdings · $12.2B · as of 2026-03-31
XLIState Street® Industrial Select Sector SPDR® ETF
State Street (SPDR) · 83 holdings · $34.2B · as of 2026-08-06
Holdings snapshots are 128 days apart (GRID: 2026-03-31, XLI: 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 XLI?
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID, by First Trust) holds 120 positions; State Street® Industrial Select Sector SPDR® ETF (XLI, by State Street (SPDR)) holds 83. They have 7 holdings in common, and by portfolio weight the two funds are 8.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 7GRID holds 120 · XLI holds 83
- Weight in Shared Holdings
- GRID 25%·XLI 13%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
113 of 120 positions (75.2% of the fund) are not held by XLI. Showing the top 30 by weight.
Sector Breakdown
| Sector | GRID | XLI |
|---|---|---|
| Industrials | 53.2% | 99.9% |
| Utilities | 20.3% | 0.0% |
| Information Technology | 10.7% | 0.0% |
| Consumer Discretionary | 4.3% | 0.0% |
| Other Sectors | 0.0% | 0.0% |
| 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 XLI).
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% |
| XLI | +1.5% | +20.0% | +24.5% | +20.8% | +14.0% | +14.2% | 1.11% |
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 XLI →
Shared Holdings(7)
The top 7 shared positions account for 100% of the overlap, led by ETN, PWR and JCI.
 ETNEaton Corporation PLC COM USD0.01 | 8.28% | 2.99% | 2.99% |
|---|---|---|---|
 PWRQuanta Services, Inc. COM | 4.24% | 1.73% | 1.73% |
 JCIJohnson Controls International PLC COM USD1.00 | 7.90% | 1.62% | 1.62% |
 GEVGE Vernova Inc. COM | 0.96% | 4.63% | 0.96% |
 HUBBHubbell Incorporated COM | 2.87% | 0.46% | 0.46% |
 EMREmerson Electric Co. COM | 0.34% | 1.51% | 0.34% |
 GNRCGenerac Holdings Inc. COM | 0.05% | 0.21% | 0.05% |
Frequently Asked Questions
How much do GRID and XLI overlap?
GRID and XLI overlap by 8.2% of portfolio weight. They share 7 holdings (GRID holds 120 positions and XLI holds 83), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GRID and XLI?
The two portfolios are 8.2% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of GRID and XLI?
The largest positions held by both funds are ETN, PWR, JCI, GEV and HUBB. Together the top 7 shared positions account for 100% of the total overlap.
What does GRID own that XLI doesn't?
113 positions (75.2% of GRID) are unique to GRID, led by NG-, ABBN and SU. In the other direction, 76 positions (86.8% of XLI) are unique to XLI.