Data as of Oct 28, 2026.
GRID vs ITA: Holdings Overlap & Returns
Over the year to Oct 28, 2026, GRID returned +7.9% to ITA's −4.3%; 0% of their weight is in the same names.
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Net assets on Oct 27, 2026: $11.4bn for First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund and $12.0bn for iShares U.S. Aerospace & Defense ETF.
41% of GRID's weight is in S&P 500 companies and 59% is outside the index. Holdings as of Oct 27, 2026.
81% of ITA's weight is in S&P 500 companies and 19% is outside the index. Holdings as of Oct 27, 2026.
Pair scorecard
ITA costs 0.19 points a year less; their one-year returns differ by 12.2 points; ITA is 1.1 times larger.
Points (pts) are percentage points.
| Measure | GRID | ITA |
|---|---|---|
| Return | ||
| Total return, 1 year | +7.9% | −4.3% |
| Drawdown | ||
| Below its all-time high | 14.7%, high on May 11, 2026 | 17.9%, high on Aug 14, 2026 |
| Against its benchmark | ||
| What it tracks | Electrification and the grid | Defense |
| Its benchmark, total return, 1 year | +13.3% | |
| Against its benchmark, 1 year | behind by 5.4 pts | |
| Cost and size | ||
| Expense ratio | 0.56% | 0.37% |
| Net assets, as of Oct 27, 2026 | $11.4bn | $12.0bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Nov 27, 2009 to Oct 23, 2026 · 882 weekly returnsITA returned more: +903.6% to +555.3%. GRID and ITA swung about the same: 22.1% and 22.2%. GRID fell less at its worst: −39.0% to −49.3%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | GRID | ITA | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +555.3% | +903.6% | ITA | Price change plus distributions, reinvested. |
| Annualized | +11.7% | +14.6% | ITA | Total return as a yearly rate. |
| Price return | +444.6% | +730.0% | ITA | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 22.1% | 22.2% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 15.2% | 15.2% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −39.0% | −49.3% | GRID | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.54 | 0.66 | ITA | Return above Treasury bills per unit of volatility. |
| Sortino | 0.79 | 0.96 | ITA | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.30 | 0.30 | Tie | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 882 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GRID and ITA hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | GRID | ITA | GRID | ITA |
| 3 months | +1.3% | −12.0% | −4.2 pts vs IWV | not measured |
| 6 months | −7.5% | −2.4% | −16.3 pts vs IWV | not measured |
| 1 year | +7.9% | −4.3% | −5.4 pts vs IWV | not measured |
| 3 years | +104.9% | +97.8% | +12.1 pts vs IWV | not measured |
| Since launchNot the same days: GRID Nov 2009 · ITA May 2006 | +576.0% | +892.2% | not measured | not measured |
Side by side
As of Oct 28, 2026. Source: ETFIQ.
0% of the two portfolios are the same securities at the same weight.
GRID and ITA are built for the same job. How do they differ in cost, holdings and results?
- Theme. GRID covers Electrification and the grid and ITA covers Defense.
- Concentration. The top ten holdings are 57.0% of GRID and 76.1% of ITA, a gap of 19.1 points.
- What each follows. GRID follows Electrification and the grid and ITA follows Defense.
Data as of Oct 28, 2026.
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Over the year to Oct 28, 2026 the fund returned +7.9% with distributions reinvested against +13.3% for its benchmark, the Russell 3000 Index, so a holder was behind by 5.4 pts.
By weight, 41% 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 57% of the fund across 122 positions, as published by its issuer for Oct 27, 2026. It sits 14.7% below its all-time high of May 11, 2026.
ITA
By weight, 81% of ITA'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 76% of the fund across 51 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned −4.3% with distributions reinvested. It sits 17.9% below its all-time high of Aug 14, 2026.
Questions people ask
- Do GRID and ITA hold the same stocks?
- By their latest filings, 0% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, GRID against ITA, data as of Oct 28, 2026. https://etfiq.com/compare/themes/grid-vs-ita
ETFIQ. (Oct 28, 2026). GRID against ITA. Retrieved from https://etfiq.com/compare/themes/grid-vs-ita
[GRID against ITA (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/themes/grid-vs-ita)
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