Do GRID and KWH hold the same stocks?

By their latest filings, 27% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

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

GRID has 42% of its weight in S&P 500 names and KWH has 41%, so KWH differs more from the index.

Which is cheaper, GRID or KWH?

GRID charges 0.56% a year and KWH charges 0.60%, so GRID is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

GRID vs KWH: Holdings Overlap & Returns

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GRID and KWH hold 27% of their weight in the same names.

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Net assets: $11.3bn on Nov 3, 2026 for First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund, and $58m on Aug 31, 2026 for GMO Power Infrastructure ETF.

GRID on its own →KWH on its own →

At a glance

41.6%

GRID in the S&P 500

41.4%

KWH in the S&P 500

+6.0%

GRID total return, 1 year

−6.1%

KWH total return, since launch, Jul 15, 2026

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.

KWH · 3 months to Nov 4, 2026 59% of its weight is outside the S&P 500

41% of KWH's weight is in S&P 500 companies and 59% is outside the index. Holdings as of Aug 31, 2026.

Pair scorecard

GRID costs 0.04 points a year less.

Points (pts) are percentage points.

GRID vs KWH: Holdings Overlap & Returns
Measure	GRID	KWH
Return
Measure	GRID	KWH
Total return, 1 year	+6.0%	not published
Drawdown
Measure	GRID	KWH
Below its all-time high	18.3%, high on May 11, 2026	8.5%, high on Aug 17, 2026
Against its benchmark
Measure	GRID	KWH
What it tracks	Electrification and the grid	Electrification and the grid
Its benchmark, total return, 1 year	+14.8%
Against its benchmark, 1 year	behind by 8.8 pts
Cost and size
Measure	GRID	KWH
Expense ratio	0.56%	0.60%
Net assets, GRID as of Nov 3, 2026 and KWH as of Aug 31, 2026	$11.3bn	$58m
Active share vs the S&P 500	92%	97%
Holdings
Measure	GRID	KWH
Holdings in common	27%

Method

What they share

27%

By the books each fund has filed, GRID and KWH hold 27% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

27% in common

Positions both hold · largest shared weight first GRID KWH

Schneider Electric SE 6.63% 5.14%

Eaton Corporation Plc 8.24% 3.43%

National Grid Plc 4.43% 2.44%

ABB Ltd 7.63% 2.20%

E.ON SE 4.22% 1.92%

Hubbell Incorporated 2.58% 1.46%

Johnson Controls International Plc 8.87% 1.45%

nVent Electric plc 2.50% 1.42%

Prysmian SpA 3.80% 1.34%

Siemens AG 1.08% 4.68%

HD Hyundai Electric Co., Ltd. 0.88% 0.77%

Iberdrola S.A. 0.74% 2.51%

Only in one fund ↓

Only in GRID

Tesla, Inc. 2.29%

NVIDIA Corporation 1.98%

TERNA - Rete Elettrica Nazionale SpA 1.97%

Cisco Systems, Inc. 1.84%

Hydro One Limited 1.67%

Texas Instruments Incorporated 1.29%

SAP SE 1.28%

Belimo Holding AG 1.16%

Only in KWH

Trane Technologies PLC 2.69%

NextEra Energy Inc 2.52%

Vestas Wind Systems A/S 2.50%

Contemporary Amperex Technology Co Ltd 2.31%

Expand Energy Corp 1.98%

Duke Energy Corp 1.97%

EQT Corp 1.95%

Exelon Corp 1.84%

Check overlap with more funds →

Window by window

Window by window: GRID vs KWH: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	GRID	KWH	GRID	KWH
3 months	−12.9%	−6.7%	−12.6 pts vs IWV	not measured
6 months	−17.5%	–	−22.4 pts vs IWV	–
1 year	+6.0%	–	−8.8 pts vs IWV	–
3 years	+86.3%	–	+5.3 pts vs IWV	–
Since launchNot the same days: GRID Nov 2009 · KWH Jul 2026	+547.4%	−6.1%	not measured	not measured

– means no data for this window. Open this comparison in the app →

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 KWH GMO Power Infrastructure ETF · Holds 74 stocks in electrification and the grid, 41% of its weight in S&P 500 companies

Issuer First Trust GMO

Theme Electrification and the grid Electrification and the grid

In the S&P 500 41.6% 41.4%

Active share vs the S&P 500 92.5% 96.9%

In the Nasdaq-100 8.9% 4.9%

Holdings 122 74

Top ten, share of the fund 58.0% 30.8%

Expense ratio 0.56% 0.60%

Fee for the differing part 0.61% 0.62%

Total return, 1 year +6.0% −6.1% (since launch, Jul 15, 2026)

vs its benchmark −8.8 pts vs IWV not measured

Below its high −18.3% −8.5%

Net assets, GRID as of Nov 3, 2026 and KWH as of Aug 31, 2026 $11.3bn $58m

As of Nov 4, 2026. Source: ETFIQ.

27% of the two portfolios are the same securities at the same weight.

Alert

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.

KWH

By weight, 41% of KWH's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 97%. The top ten holdings are 31% of the fund across 74 positions, as filed for Aug 31, 2026. Since it first traded on Jul 15, 2026 the fund returned −6.1% with distributions reinvested. It sits 8.5% below its all-time high of Aug 17, 2026.

Questions people ask

Do GRID and KWH hold the same stocks?: By their latest filings, 27% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, GRID or KWH?: GRID has 42% of its weight in S&P 500 names and KWH has 41%, so KWH differs more from the index.
Which is cheaper, GRID or KWH?: GRID charges 0.56% a year and KWH charges 0.60%, so GRID is cheaper. Fees come from each fund's prospectus.

Other comparisons

GRID vs JOUL GRID vs POW GRID vs TPZ GRID vs TRFM KWH vs VOLT KWH vs POWR KWH vs POW KWH vs ZAP

Where to next

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

Sources and dates

GRID filings on SEC EDGAR ↗

GRID prospectus with the expense ratio (SEC) ↗

First Trust page for GRID ↗

KWH filings on SEC EDGAR ↗

KWH prospectus with the expense ratio (SEC) ↗

GMO website ↗

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.

Cite this pageCitation, APA and Markdown

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

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.