Data as of . Every figure is the themes desk's own, on published data.
GRID vs SMH
5% 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 SMH hold 5% of their money in the same securities at the same weight.
| Holding | GRID | SMH |
|---|---|---|
| NVIDIA Corporation | 2.34% | 17.56% |
| Texas Instruments Incorporated | 0.91% | 4.17% |
| Analog Devices, Inc. | 0.68% | 4.00% |
| QUALCOMM Incorporated | 0.68% | 3.74% |
| STMicroelectronics N.V. | 0.03% | 1.26% |
| Only in GRID | Only in SMH |
|---|---|
| Schneider Electric SE 9.11% | Taiwan Semiconductor Manufacturing Co Lt 9.29% |
| Eaton Corporation Plc 8.80% | Applied Materials Inc 5.74% |
| Johnson Controls International Plc 8.49% | Micron Technology Inc 5.68% |
| ABB Ltd 7.70% | Advanced Micro Devices Inc 5.63% |
| Quanta Services, Inc. 7.53% | KLA Corp 5.58% |
| National Grid Plc 4.14% | Lam Research Corp 5.32% |
| E.ON SE 4.11% | Broadcom Inc 5.28% |
| Prysmian SpA 3.53% | Intel Corp 5.15% |
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 Jun 30, 2026 and Sep 4, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| GRID | SMH | GRID | SMH | GRID | SMH | |
| 3 months | −4.2% | −0.5% | −8.9 pts | −5.2 pts | −6.3 pts | −2.5 pts |
| 6 months | +8.4% | +49.0% | −6.8 pts | +33.8 pts | −11.8 pts | +28.8 pts |
| 1 year | +26.6% | +96.2% | +6.6 pts | +76.3 pts | +1.0 pts | +70.6 pts |
| 3 years | +85.1% | +267.0% | +7.1 pts | +189.0 pts | −8.4 pts | +173.5 pts |
| Since launch | +554.4% | +5013.0% | −257.0 pts | +4201.6 pts | −1129.7 pts | +3328.9 pts |
| GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | SMH VanEck Semiconductor ETF | |
|---|---|---|
| Issuer | First Trust | VanEck |
| Theme | Electrification and the grid | Semiconductors |
| In the S&P 500 | 39.9% | 82.0% |
| Active share vs the S&P 500 | 91.9% | 80.6% |
| In the Nasdaq-100 | 8.6% | 85.9% |
| Holdings | 121 | 25 |
| Top ten, share of the fund | 58.4% | 70.3% |
| Expense ratio | 0.56% | 0.35% |
| Fee for the differing part | 0.61% | 0.43% |
| Total return, 1 year | +26.6% | +96.2% |
| vs the S&P 500 | +6.6 pts | +76.3 pts |
| vs the Nasdaq-100 | +1.0 pts | +70.6 pts |
| Below its high | −10.1% | −15.2% |
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.
SMH in plain words
By weight, 82% of SMH's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 81%. The top ten holdings are 70% of the fund across 25 positions, as filed for Jun 30, 2026. Over the year to Sep 4, 2026 the fund returned +96.2% with distributions reinvested against +20.0% for the S&P 500, so a holder was ahead by 76.3 pts. It sits 15.2% below its all-time high of Jun 22, 2026.
Questions people ask
- Do GRID and SMH hold the same stocks?
- By their latest filings, 5% 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 SMH?
- GRID has 40% of its weight in S&P 500 names and SMH has 82%, so GRID differs more from the index.
- Which is cheaper, GRID or SMH?
- GRID charges 0.56% a year and SMH charges 0.35%, so SMH 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 SMH, data as of Sep 4, 2026. https://etfiq.com/compare/themes/GRID-SMH.html Free to use with attribution; the underlying files are at Open data.