Do GRID and ICOP hold the same stocks?

By their latest filings, 0% 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 ICOP?

GRID has 40% of its weight in S&P 500 names and ICOP has 13%, so ICOP differs more from the index.

Which is cheaper, GRID or ICOP?

GRID charges 0.56% a year and ICOP charges 0.47%, so ICOP is cheaper. Fees come from each fund's prospectus.

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GRID vs ICOP: which is really different?

GRID and ICOP hold 0% of their weight in the same names, and ICOP returned +44.3% over the year. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund and iShares Copper and Metals Mining ETF.

39.5%

GRID in the S&P 500

13.2%

ICOP in the S&P 500

+18.3%

GRID total return, 1 year

+44.3%

ICOP total return, 1 year

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

ICOP · 1 year to Sep 30, 202687% of its weight is outside the S&P 500

13% of ICOP's weight is in S&P 500 companies and 87% is outside the index

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

GRID 27.5

ICOP 74.4

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, GRID and ICOP hold 0% 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 29, 2026 and Sep 30, 2026.

50%

half

0% in common

Positions both hold, largest shared weight first

Holding GRID ICOP

Only in GRID

Eaton Corporation Plc 8.57%

Quanta Services, Inc. 8.48%

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%

Only in ICOP

FREEPORT MCMORAN INC 8.29%

ANGLO AMERICAN PLC 8.16%

GRUPO MEXICO B 8.11%

BHP GROUP LTD 7.76%

TECK RESOURCES SUBORDINATE VOTING 5.68%

NEWMONT 4.93%

SOUTHERN COPPER CORP 4.89%

FIRST QUANTUM MINERALS 4.80%

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

0% 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	GRID	ICOP	GRID	ICOP	GRID	ICOP
3 months	−5.2%	+9.6%	−7.7 pts	+7.1 pts	−7.3 pts	+7.5 pts
6 months	+6.8%	+8.9%	−10.2 pts	−8.0 pts	−20.1 pts	−17.9 pts
1 year	+18.3%	+44.3%	+2.5 pts	+28.5 pts	−5.5 pts	+20.5 pts
3 years	+94.7%	+137.4%	+9.7 pts	+52.4 pts	−15.3 pts	+27.4 pts
Since launch GRID Jan 2010 · ICOP Jun 2023	+548.8%	+134.9%	−255.9 pts	+51.7 pts	−1188.8 pts	+27.1 pts

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

On the same fields

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

ICOP

iShares Copper and Metals Mining ETF · Holds 87 stocks in copper, 13% of its weight in S&P 500 companies

Issuer First Trust iShares

Theme Electrification and the grid Copper

In the S&P 500 39.5% 13.2%

Active share vs the S&P 500 92.5% 99.7%

In the Nasdaq-100 8.3% 0.0%

Holdings 131 87

Top ten, share of the fund 57.9% 61.5%

Expense ratio 0.56% 0.47%

Fee for the differing part 0.61% 0.47%

Total return, 1 year +18.3% +44.3%

vs the S&P 500 +2.5 pts +28.5 pts

vs the Nasdaq-100 −5.5 pts +20.5 pts

Below its high −10.8% −12.6%

Net assets $11.9bn $467m

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

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.

ICOP in plain words

By weight, 13% of ICOP's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 62% of the fund across 87 positions, as published by its issuer for Sep 29, 2026. Over the year to Sep 30, 2026 the fund returned +44.3% with distributions reinvested against +15.7% for the S&P 500, so a holder was ahead by 28.5 pts. It sits 12.6% below its all-time high of Aug 25, 2026.

Questions people ask

Do GRID and ICOP hold the same stocks?: By their latest filings, 0% 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 ICOP?: GRID has 40% of its weight in S&P 500 names and ICOP has 13%, so ICOP differs more from the index.
Which is cheaper, GRID or ICOP?: GRID charges 0.56% a year and ICOP charges 0.47%, so ICOP is cheaper. Fees come from each fund's prospectus.

Other comparisons

GRID vs PPA GRID vs QTUM GRID vs SHLD GRID vs SOXX ICOP vs COPA ICOP vs COPJ ICOP vs JOUL ICOP vs POW

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

Where these figures came from

GRID filings on SEC EDGAR ↗GRID prospectus with the expense ratio (SEC) ↗First Trust page for GRID ↗ICOP filings on SEC EDGAR ↗ICOP prospectus with the expense ratio (SEC) ↗iShares page for ICOP ↗

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

Open data

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