Which is more different from the S&P 500, GRID or GUNR?

GRID has 42% of its weight in S&P 500 names and GUNR has 27%, so GUNR differs more from the index.

Which is cheaper, GRID or GUNR?

GRID charges 0.56% a year and GUNR charges 0.46%, so GUNR is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

GRID vs GUNR: Holdings Overlap & Returns

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GRID holds 41.6% of its weight in S&P 500 companies and GUNR 27.1%.

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Net assets: $11.3bn on Nov 3, 2026 for First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund, and $7.2bn on Jul 31, 2026 for Northern Trust Morningstar Global Upstream Natural Resources ETF.

GRID on its own →GUNR on its own →

At a glance

41.6%

GRID in the S&P 500

27.1%

GUNR in the S&P 500

+6.0%

GRID total return, 1 year

+26.8%

GUNR total return, 1 year

GRID · 1 year to Nov 4, 2026 58% of its weight is outside the S&P 500

42% of GRID's weight is in S&P 500 companies and 58% is outside the index. Holdings as of Nov 3, 2026.

GUNR · 1 year to Nov 4, 2026 73% of its weight is outside the S&P 500

27% of GUNR's weight is in S&P 500 companies and 73% is outside the index. Holdings as of Jul 31, 2026.

Pair scorecard

GUNR costs 0.10 points a year less; their one-year returns differ by 20.8 points.

Points (pts) are percentage points.

GRID vs GUNR: Holdings Overlap & Returns
Measure	GRID	GUNR
Return
Measure	GRID	GUNR
Total return, 1 year	+6.0%	+26.8%
Drawdown
Measure	GRID	GUNR
Below its all-time high	18.3%, high on May 11, 2026	7.5%, high on Sep 9, 2026
Against its benchmark
Measure	GRID	GUNR
What it tracks	Electrification and the grid	Natural resources
Its benchmark, total return, 1 year	+14.8%
Against its benchmark, 1 year	behind by 8.8 pts
Cost and size
Measure	GRID	GUNR
Expense ratio	0.56%	0.46%
Net assets, GRID as of Nov 3, 2026 and GUNR as of Jul 31, 2026	$11.3bn	$7.2bn
Active share vs the S&P 500	92%	98%
Holdings
Measure	GRID	GUNR
Holdings in common	not published

Method

Window by window

Window by window: GRID vs GUNR: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	GRID	GUNR	GRID	GUNR
3 months	−12.9%	+1.3%	−12.6 pts vs IWV	not measured
6 months	−17.5%	−2.5%	−22.4 pts vs IWV	not measured
1 year	+6.0%	+26.8%	−8.8 pts vs IWV	not measured
3 years	+86.3%	+45.4%	+5.3 pts vs IWV	not measured
Since launchNot the same days: GRID Nov 2009 · GUNR Sep 2011	+547.4%	+149.3%	not measured	not measured

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Side by side

GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund · Holds 122 stocks in electrification and the grid, 42% of its weight in S&P 500 companies GUNR Northern Trust Morningstar Global Upstream Natural Resources ETF · Holds 135 stocks in natural resources, 27% of its weight in S&P 500 companies

Issuer First Trust Northern Trust

Theme Electrification and the grid Natural resources

In the S&P 500 41.6% 27.1%

Active share vs the S&P 500 92.5% 98.3%

In the Nasdaq-100 8.9% 0.4%

Holdings 122 135

Top ten, share of the fund 58.0% 36.6%

Expense ratio 0.56% 0.46%

Fee for the differing part 0.61% 0.47%

Total return, 1 year +6.0% +26.8%

vs its benchmark −8.8 pts vs IWV not measured

Below its high −18.3% −7.5%

Net assets, GRID as of Nov 3, 2026 and GUNR as of Jul 31, 2026 $11.3bn $7.2bn

As of Nov 4, 2026. Source: ETFIQ.

Client brief:

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About each fund

GRID

Over the year to Nov 4, 2026 the fund returned +6.0% with distributions reinvested against +14.8% for its benchmark, the Russell 3000 Index, so a holder was behind by 8.8 pts.

By weight, 42% 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 122 positions, as published by its issuer for Nov 3, 2026. It sits 18.3% below its all-time high of May 11, 2026.

GUNR

By weight, 27% of GUNR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 37% of the fund across 135 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +26.8% with distributions reinvested. It sits 7.5% below its all-time high of Sep 9, 2026.

Questions people ask

Which is more different from the S&P 500, GRID or GUNR?: GRID has 42% of its weight in S&P 500 names and GUNR has 27%, so GUNR differs more from the index.
Which is cheaper, GRID or GUNR?: GRID charges 0.56% a year and GUNR charges 0.46%, so GUNR is cheaper. Fees come from each fund's prospectus.

Other comparisons

GRID vs GNR GRID vs PPA GRID vs SHLD GRID vs URA GUNR vs AIRR GUNR vs NLR GUNR vs IBB GUNR vs IGF

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →GRID on its own →GUNR on its own →GRID dividend history →GRID holdings →GUNR dividend history →Method →Standards and sources →

Sources and dates

GRID filings on SEC EDGAR ↗

GRID prospectus with the expense ratio (SEC) ↗

First Trust page for GRID ↗

GUNR filings on SEC EDGAR ↗

GUNR prospectus with the expense ratio (SEC) ↗

Northern Trust website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Every number is an ETFIQ calculation with distributions reinvested.

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ETFIQ, GRID against GUNR, data as of Nov 4, 2026. https://etfiq.com/compare/themes/grid-vs-gunr

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