Data as of .
GRID vs NLR: which is really different?
GRID holds 40.0% of its weight in S&P 500 companies and NLR 15.3%.
ETFIQ Off-Index Score: NLR scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 371 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 NLR hold 0% of their money in the same securities at the same weight.
| Only in GRID | Only in NLR |
|---|---|
| Schneider Electric SE 9.13% | Constellation Energy Corp 9.09% |
| Eaton Corporation Plc 8.86% | Cameco Corp 7.90% |
| Johnson Controls International Plc 8.45% | Fortum Oyj 6.83% |
| ABB Ltd 7.72% | Public Service Enterprise Group Inc 6.22% |
| Quanta Services, Inc. 7.54% | Nexgen Energy Ltd 5.30% |
| E.ON SE 4.16% | Bwx Technologies Inc 5.21% |
| National Grid Plc 4.10% | Paladin Energy Ltd 5.21% |
| Prysmian SpA 3.57% | Uranium Energy Corp 5.07% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 10, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| GRID | NLR | GRID | NLR | GRID | NLR | |
| 3 months | −4.0% | −7.2% | −7.3 pts | −10.5 pts | −3.2 pts | −6.4 pts |
| 6 months | +9.9% | −17.1% | −6.1 pts | −33.1 pts | −10.8 pts | −37.8 pts |
| 1 year | +22.9% | −6.1% | +5.4 pts | −23.6 pts | 0.0 pts | −29.1 pts |
| 3 years | +88.9% | +83.0% | +11.0 pts | +5.2 pts | −6.2 pts | −12.0 pts |
| Since launch | +560.9% | +183.3% | −243.5 pts | −621.0 pts | −1113.0 pts | −1490.6 pts |
| GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund Holds 122 stocks in electrification and the grid, 40% of its weight in S&P 500 companies | NLR VanEck Uranium and Nuclear ETF Holds 25 stocks in nuclear and uranium, 15% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | First Trust | VanEck |
| Theme | Electrification and the grid | Nuclear and uranium |
| In the S&P 500 | 40.0% | 15.3% |
| Active share vs the S&P 500 | 92.0% | 99.8% |
| In the Nasdaq-100 | 8.5% | 9.1% |
| Holdings | 122 | 25 |
| Top ten, share of the fund | 58.8% | 60.7% |
| Expense ratio | 0.56% | 0.52% |
| Fee for the differing part | 0.61% | 0.52% |
| Total return, 1 year | +22.9% | −6.1% |
| vs the S&P 500 | +5.4 pts | −23.6 pts |
| vs the Nasdaq-100 | 0.0 pts | −29.1 pts |
| Below its high | −9.2% | −31.1% |
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 59% of the fund across 122 positions, as published by its issuer for Sep 10, 2026. Over the year to Sep 11, 2026 the fund returned +22.9% with distributions reinvested against +17.5% for the S&P 500, so a holder was ahead by 5.4 pts. It sits 9.2% below its all-time high of May 11, 2026.
NLR in plain words
By weight, 15% of NLR'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 61% of the fund across 25 positions, as published by its issuer for Sep 10, 2026. Over the year to Sep 11, 2026 the fund returned −6.1% with distributions reinvested against +17.5% for the S&P 500, so a holder was behind by 23.6 pts. It sits 31.1% below its all-time high of Jan 28, 2026.
Questions people ask
- Which is more different from the S&P 500, GRID or NLR?
- GRID has 40% of its weight in S&P 500 names and NLR has 15%, so NLR differs more from the index.
- Which is cheaper, GRID or NLR?
- GRID charges 0.56% a year and NLR charges 0.52%, so NLR is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, GRID against NLR, data as of Sep 11, 2026. https://etfiq.com/compare/themes/grid-vs-nlr Free to use with attribution; the underlying files are at Open data.