Data as of . Every figure is the themes desk's own, on published data.
GRID vs PAVE
10% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, GRID and PAVE hold 10% of their money in the same securities at the same weight.
| Holding | GRID | PAVE |
|---|---|---|
| Eaton Corporation Plc | 8.80% | 3.30% |
| Hubbell Incorporated | 2.46% | 1.36% |
| MYR Group Inc. | 0.47% | 0.51% |
| Emerson Electric Co. | 0.35% | 2.64% |
| Preformed Line Products Company | 0.08% | 0.41% |
| WESCO International, Inc. | 0.07% | 0.95% |
| MasTec, Inc. | 0.06% | 1.62% |
| Trimble Inc. | 0.05% | 0.72% |
| Valmont Industries, Inc. | 0.04% | 0.56% |
| Primoris Services Corporation | 0.01% | 0.37% |
| Only in GRID | Only in PAVE |
|---|---|
| Schneider Electric SE 9.11% | QUANTA SERVICES, INC. 4.18% |
| Johnson Controls International Plc 8.49% | CSX Corporation 3.48% |
| ABB Ltd 7.70% | HOWMET AEROSPACE INC. 3.27% |
| Quanta Services, Inc. 7.53% | TRANE TECHNOLOGIES PLC 3.19% |
| National Grid Plc 4.14% | UNION PACIFIC CORPORATION 3.12% |
| E.ON SE 4.11% | NUCOR CORPORATION 3.10% |
| Prysmian SpA 3.53% | ROCKWELL AUTOMATION, INC. 2.92% |
| nVent Electric plc 2.83% | NORFOLK SOUTHERN CORPORATION 2.90% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings as filed for May 31, 2026 and Sep 4, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| GRID | PAVE | GRID | PAVE | GRID | PAVE | |
| 3 months | −4.2% | −2.5% | −8.9 pts | −7.2 pts | −6.3 pts | −4.6 pts |
| 6 months | +8.4% | +7.1% | −6.8 pts | −8.0 pts | −11.8 pts | −13.0 pts |
| 1 year | +26.6% | +19.3% | +6.6 pts | −0.7 pts | +1.0 pts | −6.3 pts |
| 3 years | +85.1% | +77.6% | +7.1 pts | −0.4 pts | −8.4 pts | −15.9 pts |
| Since launch | +554.4% | +297.3% | −257.0 pts | +19.0 pts | −1129.7 pts | −189.6 pts |
| GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | PAVE Global X U.S. Infrastructure Development ETF | |
|---|---|---|
| Issuer | First Trust | Global X |
| Theme | Electrification and the grid | Infrastructure |
| In the S&P 500 | 39.9% | 62.1% |
| Active share vs the S&P 500 | 91.9% | 97.2% |
| In the Nasdaq-100 | 8.6% | 6.2% |
| Holdings | 121 | 100 |
| Top ten, share of the fund | 58.4% | 32.3% |
| Expense ratio | 0.56% | 0.47% |
| Fee for the differing part | 0.61% | 0.48% |
| Total return, 1 year | +26.6% | +19.3% |
| vs the S&P 500 | +6.6 pts | −0.7 pts |
| vs the Nasdaq-100 | +1.0 pts | −6.3 pts |
| Below its high | −10.1% | −7.9% |
GRID in plain words
By weight, 40% of GRID's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 92%. The top ten holdings are 58% of the fund across 121 positions, as filed for Sep 3, 2026. Over the year to Sep 4, 2026 the fund returned +26.6% with distributions reinvested against +20.0% for the S&P 500, so a holder was ahead by 6.6 pts. It sits 10.1% below its all-time high of May 11, 2026.
PAVE in plain words
By weight, 62% of PAVE's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 97%. The top ten holdings are 32% of the fund across 100 positions, as filed for May 31, 2026. Over the year to Sep 4, 2026 the fund returned +19.3% with distributions reinvested against +20.0% for the S&P 500, so a holder was behind by 0.7 pts. It sits 7.9% below its all-time high of Jun 25, 2026.
Questions people ask
- Do GRID and PAVE hold the same stocks?
- By their latest filings, 10% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, GRID or PAVE?
- GRID has 40% of its weight in S&P 500 names and PAVE has 62%, so PAVE differs more from the index.
- Which is cheaper, GRID or PAVE?
- GRID charges 0.56% a year and PAVE charges 0.47%, so PAVE is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, GRID against PAVE, data as of Sep 4, 2026. https://etfiq.com/compare/themes/GRID-PAVE.html Free to use with attribution; the underlying files are at Open data.