Do FPWR and GRID hold the same stocks?

By their latest filings, 2% 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, FPWR or GRID?

FPWR has 58% of its weight in S&P 500 names and GRID has 40%, so FPWR differs more from the index.

Which is cheaper, FPWR or GRID?

FPWR charges 0.96% a year and GRID charges 0.56%, so GRID is cheaper. Fees come from each fund's prospectus.

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FPWR vs GRID: which is really different?

FPWR and GRID hold 2% of their weight in the same names, and GRID returned +18.3% over the year. First Trust EIP Power Solutions ETF and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund.

57.7%

FPWR in the S&P 500

39.5%

GRID in the S&P 500

+5.2%

FPWR total return, 1 year

+18.3%

GRID total return, 1 year

FPWR · 1 year to Sep 30, 202642% of its weight is outside the S&P 500

58% of FPWR's weight is in S&P 500 companies and 42% 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 · FPWR scores higherHow much of it is not the index it is sold as an alternative to?

FPWR 41.3

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, FPWR and GRID hold 2% 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 Sep 30, 2026.

50%

half

2% in common

Positions both hold, largest shared weight first

Holding FPWR GRID

Quanta Services, Inc. 0.54% 8.48%

Generac Holdings Inc. 1.17% 0.05%

US Dollar 3.19% 0.04%

Canadian Dollar 0.00% 0.00%

Only in FPWR

Energy Transfer LP 5.10%

Enterprise Products Partners L.P. 4.75%

National Fuel Gas Company 3.64%

Duke Energy Corporation 3.54%

PPL Corporation 3.34%

Kinder Morgan, Inc. 3.10%

WEC Energy Group, Inc. 3.03%

MPLX LP 2.87%

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%

nVent Electric plc 2.94%

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

2% 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	FPWR	GRID	FPWR	GRID	FPWR	GRID
3 months	−6.7%	−5.2%	−9.3 pts	−7.7 pts	−8.9 pts	−7.3 pts
6 months	−7.2%	+6.8%	−24.2 pts	−10.2 pts	−34.1 pts	−20.1 pts
1 year	+5.2%	+18.3%	−10.6 pts	+2.5 pts	−18.6 pts	−5.5 pts
3 years	+62.8%	+94.7%	−22.2 pts	+9.7 pts	−47.2 pts	−15.3 pts
Since launch FPWR Aug 2019 · GRID Jan 2010	+98.7%	+548.8%	−93.3 pts	−255.9 pts	−214.9 pts	−1188.8 pts

FPWR 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

FPWR

First Trust EIP Power Solutions ETF · Holds 60 stocks in electrification and the grid, 58% 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 First Trust First Trust

Theme Electrification and the grid Electrification and the grid

In the S&P 500 57.7% 39.5%

Active share vs the S&P 500 97.2% 92.5%

In the Nasdaq-100 5.3% 8.3%

Holdings 60 131

Top ten, share of the fund 35.4% 57.9%

Expense ratio 0.96% 0.56%

Fee for the differing part 0.99% 0.61%

Total return, 1 year +5.2% +18.3%

vs the S&P 500 −10.6 pts +2.5 pts

vs the Nasdaq-100 −18.6 pts −5.5 pts

Below its high −9.3% −10.8%

Net assets $29m $11.9bn

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

FPWR in plain words

By weight, 58% of FPWR'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 35% of the fund across 60 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned +5.2% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 10.6 pts. It sits 9.3% below its all-time high of Apr 30, 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 FPWR and GRID hold the same stocks?: By their latest filings, 2% 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, FPWR or GRID?: FPWR has 58% of its weight in S&P 500 names and GRID has 40%, so FPWR differs more from the index.
Which is cheaper, FPWR or GRID?: FPWR charges 0.96% a year and GRID charges 0.56%, so GRID is cheaper. Fees come from each fund's prospectus.

Other comparisons

FPWR vs COPA FPWR vs ICOP FPWR vs JOUL FPWR vs POW GRID vs XME GRID vs GDX GRID vs GDXJ GRID vs IDEF

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

Where these figures came from

FPWR filings on SEC EDGAR ↗FPWR prospectus with the expense ratio (SEC) ↗First Trust page for FPWR ↗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, FPWR against GRID, data as of Sep 30, 2026. https://etfiq.com/compare/themes/fpwr-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.