Do ELFY and GRID hold the same stocks?

By their latest filings, 7% 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, ELFY or GRID?

ELFY has 48% of its weight in S&P 500 names and GRID has 40%, so ELFY differs more from the index.

Which is cheaper, ELFY or GRID?

ELFY charges 0.50% a year and GRID charges 0.56%, so ELFY is cheaper. Fees come from each fund's prospectus.

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ELFY vs GRID: which is really different?

ELFY and GRID hold 7% of their weight in the same names, and GRID returned +18.3% over the year. ALPS Electrification Infrastructure ETF and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund.

48.1%

ELFY in the S&P 500

39.5%

GRID in the S&P 500

+8.7%

ELFY total return, 1 year

+18.3%

GRID total return, 1 year

ELFY · 1 year to Sep 30, 202652% of its weight is outside the S&P 500

48% of ELFY's weight is in S&P 500 companies and 52% is outside the index

GRID · 1 year to Sep 30, 202661% of its weight is outside the S&P 500

40% of GRID's weight is in S&P 500 companies and 61% is outside the index

ETFIQ Off-Index Score · ELFY scores higherHow much of it is not the index it is sold as an alternative to?

ELFY 30.8

GRID 27.5

0.1, the lowest in this set92.0, the highest

A percentile among the 375 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it → How it is computed →

What they hold in common

By the books each fund has filed, ELFY and GRID hold 7% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Sep 30, 2026.

50%

half

7% in common

Positions both hold, largest shared weight first

Holding ELFY GRID

Nvent Electric Plc 1.28% 2.94%

Quanta Services Inc 1.03% 8.48%

Ge Vernova Inc 0.95% 1.02%

Enphase Energy Inc 1.32% 0.43%

Emerson Electric Co 0.90% 0.39%

Itron Inc 0.75% 0.36%

Mastec Inc 1.05% 0.06%

Generac Holdings Inc 1.12% 0.05%

Trimble Inc 0.70% 0.05%

Littelfuse Inc 1.18% 0.04%

Valmont Industries Inc 1.02% 0.04%

Enersys 1.18% 0.03%

Only in ELFY

Sterling Infrastructure Inc 1.75%

Vicor Corp 1.66%

Bloom Energy Corp 1.49%

Powell Industries Inc 1.36%

First Solar Inc 1.28%

Ies Holdings Inc 1.28%

Coherent Corp 1.23%

Applied Optoelectronics Inc 1.23%

Only in GRID

Eaton Corporation Plc 8.57%

Johnson Controls International Plc 8.35%

ABB Ltd 7.79%

Schneider Electric SE 7.74%

Prysmian SpA 4.03%

National Grid Plc 3.84%

E.ON SE 3.70%

Hubbell Incorporated 2.47%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

7% of the two portfolios are the same securities at the same weight.

Performance, window by window

	Total return		vs the S&P 500		vs the Nasdaq-100
Window	ELFY	GRID	ELFY	GRID	ELFY	GRID
3 months	−11.6%	−5.2%	−14.1 pts	−7.7 pts	−13.7 pts	−7.3 pts
6 months	−2.8%	+6.8%	−19.7 pts	−10.2 pts	−29.6 pts	−20.1 pts
1 year	+8.7%	+18.3%	−7.0 pts	+2.5 pts	−15.1 pts	−5.5 pts
3 years	not published	+94.7%	not published	+9.7 pts	not published	−15.3 pts
Since launch ELFY Apr 2025 · GRID Jan 2010	+49.7%	+548.8%	+1.9 pts	−255.9 pts	−17.2 pts	−1188.8 pts

ELFY and GRID over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

ELFY

ALPS Electrification Infrastructure ETF · Holds 108 stocks in electrification and the grid, 48% of its weight in S&P 500 companies

GRID

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund · Holds 131 stocks in electrification and the grid, 40% of its weight in S&P 500 companies

Issuer ALPS First Trust

Theme Electrification and the grid Electrification and the grid

In the S&P 500 48.1% 39.5%

Active share vs the S&P 500 94.6% 92.5%

In the Nasdaq-100 3.1% 8.3%

Holdings 108 131

Top ten, share of the fund 13.9% 57.9%

Expense ratio 0.50% 0.56%

Fee for the differing part 0.53% 0.61%

Total return, 1 year +8.7% +18.3%

vs the S&P 500 −7.0 pts +2.5 pts

vs the Nasdaq-100 −15.1 pts −5.5 pts

Below its high −15.2% −10.8%

Net assets $203m $11.9bn

ELFY and GRID on the same fields, as of Sep 30, 2026. Source: ETFIQ.

ELFY in plain words

By weight, 48% of ELFY's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 95%. The top ten holdings are 14% of the fund across 108 positions, as filed for May 31, 2026. Over the year to Sep 30, 2026 the fund returned +8.7% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 7.0 pts. It sits 15.2% below its all-time high of Jun 2, 2026.

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 131 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned +18.3% with distributions reinvested against +15.7% for the S&P 500, so a holder was ahead by 2.5 pts. It sits 10.8% below its all-time high of May 11, 2026.

Questions people ask

Do ELFY and GRID hold the same stocks?: By their latest filings, 7% 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, ELFY or GRID?: ELFY has 48% of its weight in S&P 500 names and GRID has 40%, so ELFY differs more from the index.
Which is cheaper, ELFY or GRID?: ELFY charges 0.50% a year and GRID charges 0.56%, so ELFY is cheaper. Fees come from each fund's prospectus.

Other comparisons

ELFY vs FPWR ELFY vs TRFM ELFY vs VOLT ELFY vs ZAP GRID vs SHLD GRID vs SIL GRID vs SMH GRID vs SOXX

ELFY on its own →GRID on its own →How every figure is computed →Standards and sources →

Where these figures came from

ELFY filings on SEC EDGAR ↗ELFY prospectus with the expense ratio (SEC) ↗ALPS website ↗GRID filings on SEC EDGAR ↗GRID prospectus with the expense ratio (SEC) ↗First Trust page for GRID ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, ELFY against GRID, data as of Sep 30, 2026. https://etfiq.com/compare/themes/elfy-vs-grid

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.