{"url":"https://etfiq.com/compare/themes/fpwr-vs-grid","section":"compare","title":"FPWR vs GRID: which is really different? | ETFIQ","description":"57.7% of FPWR and 39.5% of GRID is already in the S&P 500 by weight, as filed, and 2% of the two books are the same names at the same weight.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Do FPWR and GRID hold the same stocks?","acceptedAnswer":{"@type":"Answer","text":"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."}},{"@type":"Question","name":"Which is more different from the S&P 500, FPWR or GRID?","acceptedAnswer":{"@type":"Answer","text":"FPWR has 58% of its weight in S&P 500 names and GRID has 40%, so FPWR differs more from the index."}},{"@type":"Question","name":"Which is cheaper, FPWR or GRID?","acceptedAnswer":{"@type":"Answer","text":"FPWR charges 0.96% a year and GRID charges 0.56%, so GRID is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Thematic ETFs","item":"https://etfiq.com/themes/"},{"@type":"ListItem","position":3,"name":"FPWR vs GRID","item":"https://etfiq.com/compare/themes/fpwr-vs-grid"}]},{"@type":"WebPage","name":"FPWR vs GRID: which is really different?","description":"57.7% of FPWR and 39.5% of GRID is already in the S&P 500 by weight, as filed, and 2% of the two books are the same names at the same weight. Returns and overlap to Sep 30, 2026.","url":"https://etfiq.com/compare/themes/fpwr-vs-grid","dateModified":"2026-09-30","abstract":"FPWR and GRID hold 2% of their weight in the same names, and GRID returned +18.3% over the year.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of FPWR and GRID","description":"57.7% of FPWR and 39.5% of GRID is already in the S&P 500 by weight, as filed, and 2% of the two books are the same names at the same weight. Returns and overlap to Sep 30, 2026.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/themes/fpwr-vs-grid","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/thematic.json"}],"variableMeasured":["Weight overlap with the S&P 500","Active share","Holdings","Top ten share of the fund","Total return","Fee for the differing part","Expense ratio"],"keywords":["exchange-traded funds","ETF","Thematic ETFs","fund data","SEC filings"]}],"characters":6895,"truncated":true,"content":"ETFIQ / Thematic ETFs / Head to head / FPWR vs GRID \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n FPWR vs GRID: which is really different?\n\n FPWR and GRID hold 2% of their weight in the same names, and GRID returned +18.3% over the year.\n Copy this for sharing \n \n First Trust EIP Power Solutions ETF and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund.\n\n Download as PDF \n\n 57.7% FPWR in the S&P 500 \n 39.5% GRID in the S&P 500 \n +5.2% FPWR total return, 1 year \n +18.3% GRID total return, 1 year \n\n ETFIQ Off-Index Score: FPWR scores higher\n How much of","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/themes/fpwr-vs-grid","a":{"ticker":"FPWR","name":"First Trust EIP Power Solutions ETF","issuer":"First Trust","desk":"themes","as_of":"2026-09-30","verdict":"FPWR holds 60 stocks, and 42% of its weight is outside the S&P 500.","url":"https://etfiq.com/funds/fpwr","key_facts":[{"label":"Already in the S&P 500","value":"57.7%","as_of":"2026-09-30","source":null},{"label":"Active share vs the S&P 500","value":"97.2%","as_of":"2026-09-30","source":null},{"label":"Top ten holdings","value":"35.4%","as_of":"2026-09-30","source":null},{"label":"Total return, 1 year","value":"+5.2%","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$29m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.96%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 27, 2026"}]},"b":{"ticker":"GRID","name":"First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund","issuer":"First Trust","desk":"themes","as_of":"2026-09-30","verdict":"GRID holds 131 stocks, and 60% of its weight is outside the S&P 500.","url":"https://etfiq.com/funds/grid","key_facts":[{"label":"Already in the S&P 500","value":"39.5%","as_of":"2026-09-30","source":null},{"label":"Active share vs the S&P 500","value":"92.5%","as_of":"2026-09-30","source":null},{"label":"Top ten holdings","value":"57.9%","as_of":"2026-09-30","source":null},{"label":"Total return, 1 year","value":"+18.3%","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$11.9bn","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.56%","as_of":"2026-09-30","source":"485BPOS XBRL, Jan 28, 2026"}]},"overlap_pct":2,"full_text_at":"https://etfiq.com/compare/themes/fpwr-vs-grid"}