{"url":"https://etfiq.com/compare/themes/grid-vs-icop","section":"compare","title":"GRID vs ICOP: which is really different? | ETFIQ","description":"39.5% of GRID and 13.2% of ICOP is already in the S&P 500 by weight, as filed, and 0% 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 GRID and ICOP hold the same stocks?","acceptedAnswer":{"@type":"Answer","text":"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."}},{"@type":"Question","name":"Which is more different from the S&P 500, GRID or ICOP?","acceptedAnswer":{"@type":"Answer","text":"GRID has 40% of its weight in S&P 500 names and ICOP has 13%, so ICOP differs more from the index."}},{"@type":"Question","name":"Which is cheaper, GRID or ICOP?","acceptedAnswer":{"@type":"Answer","text":"GRID charges 0.56% a year and ICOP charges 0.47%, so ICOP 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":"GRID vs ICOP","item":"https://etfiq.com/compare/themes/grid-vs-icop"}]},{"@type":"WebPage","name":"GRID vs ICOP: which is really different?","description":"39.5% of GRID and 13.2% of ICOP is already in the S&P 500 by weight, as filed, and 0% 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/grid-vs-icop","dateModified":"2026-09-30","abstract":"GRID and ICOP hold 0% of their weight in the same names, and ICOP returned +44.3% 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 GRID and ICOP","description":"39.5% of GRID and 13.2% of ICOP is already in the S&P 500 by weight, as filed, and 0% 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/grid-vs-icop","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":6648,"truncated":true,"content":"ETFIQ / Thematic ETFs / Head to head / GRID vs ICOP \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n GRID vs ICOP: which is really different?\n\n GRID and ICOP hold 0% of their weight in the same names, and ICOP returned +44.3% over the year.\n Copy this for sharing \n \n First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund and iShares Copper and Metals Mining ETF.\n\n Download as PDF \n\n 39.5% GRID in the S&P 500 \n 13.2% ICOP in the S&P 500 \n +18.3% GRID total return, 1 year \n +44.3% ICOP total return, 1 year \n\n ETFIQ Off-Index Score: ICOP scores higher\n How much ","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/grid-vs-icop","a":{"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"}]},"b":{"ticker":"ICOP","name":"iShares Copper and Metals Mining ETF","issuer":"iShares","desk":"themes","as_of":"2026-09-30","verdict":"ICOP holds 87 stocks, and 87% of its weight is outside the S&P 500.","url":"https://etfiq.com/funds/icop","key_facts":[{"label":"Already in the S&P 500","value":"13.2%","as_of":"2026-09-30","source":null},{"label":"Active share vs the S&P 500","value":"99.7%","as_of":"2026-09-30","source":null},{"label":"Top ten holdings","value":"61.5%","as_of":"2026-09-30","source":null},{"label":"Total return, 1 year","value":"+44.3%","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$467m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.47%","as_of":"2026-09-30","source":"485BPOS XBRL, Jul 27, 2026"}]},"overlap_pct":0,"full_text_at":"https://etfiq.com/compare/themes/grid-vs-icop"}