IQLT vs GRID: Holdings Overlap
IQLTiShares MSCI Intl Quality Factor ETF
iShares · 309 holdings · $14.0B · as of 2026-04-30
GRIDFirst Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
First Trust · 120 holdings · $12.2B · as of 2026-03-31
Holdings snapshots are 30 days apart (IQLT: 2026-04-30, GRID: 2026-03-31). 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 IQLT and GRID?
iShares MSCI Intl Quality Factor ETF (IQLT, by iShares) holds 309 positions; First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID, by First Trust) holds 120. They have 15 holdings in common, and by portfolio weight the two funds are 7.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 15IQLT holds 309 · GRID holds 120
- Weight in Shared Holdings
- IQLT 8%·GRID 34%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 IQLT
294 of 309 positions (91.1% of the fund) are not held by GRID. Showing the top 30 by weight.
Sector Breakdown
| Sector | IQLT | GRID |
|---|---|---|
| Industrials | 17.3% | 53.2% |
| Financials | 23.4% | 0.0% |
| Utilities | 3.5% | 20.3% |
| Information Technology | 10.8% | 10.7% |
| Health Care | 9.4% | 0.0% |
| Other Sectors | 29.9% | 4.3% |
| Unclassified | 5.0% | 11.2% |
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 (5% of IQLT, 11% of GRID).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| IQLT | +4.5% | +15.4% | +24.8% | +16.1% | +8.2% | +10.1% | 2.31% |
| GRID | +2.2% | +22.4% | +31.6% | +23.6% | +15.0% | +18.9% | 0.77% |
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 IQLT vs GRID →
Shared Holdings(15)
The top 10 shared positions account for 97% of the overlap, led by ABBN, SU and IBE.
 ABBNABB Ltd. CHF0.12 (REGD) | 2.21% | 7.58% | 2.21% |
|---|---|---|---|
 SUSchneider Electric SE EUR4.00 | 1.54% | 7.26% | 1.54% |
 IBEIberdrola, S.A. EUR0.75 | 1.18% | 0.69% | 0.69% |
 5803Fujikura Ltd. NPV | 0.64% | 1.40% | 0.64% |
 NG-National Grid PLC ORD GBP0.12431289 | 0.59% | 7.86% | 0.59% |
 ENELEnel S.p.A. EUR1 | 0.57% | 0.44% | 0.44% |
 PRYPrysmian S.p.A. NPV | 0.32% | 4.25% | 0.32% |
 LRLegrand SA EUR4 | 0.41% | 0.21% | 0.21% |
 SSESse PLC GBP0.50 | 0.31% | 0.19% | 0.19% |
 BEANBELIMO Holding AG CHF0.05 (REGD) | 0.15% | 1.00% | 0.15% |
 TRNTERNA - Rete Elettrica Nazionale S.p.A. ORD EUR0.22 | 0.10% | 2.00% | 0.10% |
 6504Fuji Electric Co., Ltd. NPV | 0.10% | 0.05% | 0.05% |
 VERVerbund AG CLASS'A'NPV | 0.06% | 0.05% | 0.05% |
 BKWBKW AG CHF2.50 | 0.04% | 0.02% | 0.02% |
 REDRedeia Corporacion S.A. EUR0.5 | 0.02% | 0.92% | 0.02% |
Frequently Asked Questions
How much do IQLT and GRID overlap?
IQLT and GRID overlap by 7.2% of portfolio weight. They share 15 holdings (IQLT holds 309 positions and GRID holds 120), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IQLT and GRID?
The two portfolios are 7.2% 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 IQLT and GRID?
The largest positions held by both funds are ABBN, SU, IBE, 5803 and NG-. Together the top 10 shared positions account for 97% of the total overlap.
What does IQLT own that GRID doesn't?
294 positions (91.1% of IQLT) are unique to IQLT, led by ASML, SHEL and ALV. In the other direction, 105 positions (65.9% of GRID) are unique to GRID.