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GRID vs POW: which is really different?

GRID and POW hold 29% of their weight in the same names. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund and VistaShares Electrification Supercycle ETF.

39.5%
GRID in the S&P 500
31.3%
POW in the S&P 500
+18.3%
GRID total return, 1 year
+28.5%
POW total return, since launch
GRID · 1 year to Sep 30, 202661% of its weight is outside the S&P 500
61% of its weight is outside the S&P 50040% of GRID's weight is in S&P 500 companies and 61% is outside the index40%61%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 93% · top ten 58% of the fund · 131 holdings filed Sep 30, 2026 · Nasdaq-100: 8% in61% of its weight is outside the S&P 50040% of GRID's weight is in S&P 500 companies and 61% is outside the index40%61%in the S&P 500outside the S&P 500active share 93% · top ten 58% of the fund

40% of GRID's weight is in S&P 500 companies and 61% is outside the index

POW · 6 months to Sep 30, 202669% of its weight is outside the S&P 500
69% of its weight is outside the S&P 50031% of POW's weight is in S&P 500 companies and 69% is outside the index31%69%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 98% · top ten 43% of the fund · 54 holdings filed Oct 1, 2026 · Nasdaq-100: 7% in69% of its weight is outside the S&P 50031% of POW's weight is in S&P 500 companies and 69% is outside the index31%69%inoutside the S&P 500active share 98% · top ten 43% of the fund

31% of POW's weight is in S&P 500 companies and 69% is outside the index

ETFIQ Off-Index Score · POW scores higherHow much of it is not the index it is sold as an alternative to?
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 POW hold 29% 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 Oct 1, 2026 and Sep 30, 2026.

half

29% in common

Positions both hold, largest shared weight first
Holding GRID POW
Quanta Services, Inc. 8.48% 5.23%
Eaton Corporation Plc 8.57% 4.86%
Prysmian SpA 4.03% 4.22%
nVent Electric plc 2.94% 4.20%
Hubbell Incorporated 2.47% 2.94%
ABB Ltd 7.79% 1.94%
Schneider Electric SE 7.74% 1.33%
LS Electric Co., Ltd. 1.19% 3.98%
National Grid Plc 3.84% 1.13%
GE Vernova Inc. 1.02% 3.37%
Forgent Power Solutions, Inc. (Class A) 0.80% 2.66%
Iberdrola S.A. 0.66% 0.89%
Only in GRID
Johnson Controls International Plc 8.35%
E.ON SE 3.70%
NVIDIA Corporation 2.07%
Tesla, Inc. 1.93%
Cisco Systems, Inc. 1.82%
TERNA - Rete Elettrica Nazionale SpA 1.82%
Hydro One Limited 1.41%
HD Hyundai Electric Co., Ltd. 1.25%
Only in POW
Delta Electronics Inc 5.82%
Hyosung Heavy Industries Corp 3.85%
Powell Industries Inc 3.56%
Bel Fuse Inc 3.42%
Bloom Energy Corp 3.27%
Siemens Energy AG 2.91%
American Electric Power Co Inc 2.68%
Vicor Corp 2.37%

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

29% of the two portfolios are the same securities at the same weight.

Performance, window by window

Total returnvs the S&P 500vs the Nasdaq-100
WindowGRIDPOWGRIDPOWGRIDPOW
3 months−5.2%−13.0%−7.7 pts−15.6 pts−7.3 pts−15.2 pts
6 months+6.8%+5.5%−10.2 pts−11.5 pts−20.1 pts−21.4 pts
1 year+18.3%not published+2.5 ptsnot published−5.5 ptsnot published
3 years+94.7%not published+9.7 ptsnot published−15.3 ptsnot published
Since launch
GRID Jan 2010 · POW Oct 2025
+548.8%+28.5%−255.9 pts+16.3 pts−1188.8 pts+11.1 pts

GRID and POW 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
POW
VistaShares Electrification Supercycle ETF · Holds 54 stocks in electrification and the grid, 31% of its weight in S&P 500 companies
Issuer First Trust VistaShares
Theme Electrification and the grid Electrification and the grid
In the S&P 500 39.5% 31.3%
Active share vs the S&P 500 92.5% 97.8%
In the Nasdaq-100 8.3% 7.4%
Holdings 131 54
Top ten, share of the fund 57.9% 42.5%
Expense ratio 0.56% 0.75%
Fee for the differing part 0.61% 0.77%
Total return, 1 year +18.3% +28.5% (since launch on Oct 28, 2025)
vs the S&P 500 +2.5 pts +16.3 pts
vs the Nasdaq-100 −5.5 pts +11.1 pts
Below its high −10.8% −22.3%
Net assets $11.9bn $62m

GRID and POW 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.

POW in plain words

By weight, 31% of POW'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 42% of the fund across 54 positions, as published by its issuer for Oct 1, 2026. Since it launched on Oct 28, 2025 the fund returned +28.5% with distributions reinvested against +12.2% for the S&P 500, so a holder was ahead by 16.3 pts. It sits 22.3% below its all-time high of May 11, 2026.

Questions people ask

Do GRID and POW hold the same stocks?
By their latest filings, 29% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, GRID or POW?
GRID has 40% of its weight in S&P 500 names and POW has 31%, so POW differs more from the index.
Which is cheaper, GRID or POW?
GRID charges 0.56% a year and POW charges 0.75%, so GRID is cheaper. Fees come from each fund's prospectus.
Other comparisons
GRID vs COPJGRID vs COPPGRID vs ICOPGRID vs IDEFPOW vs POWRPOW vs TRFMPOW vs COPAPOW vs COPJ
GRID on its own →POW 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 ↗POW filings on SEC EDGAR ↗POW prospectus with the expense ratio (SEC) ↗VistaShares page for POW ↗

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 POW, data as of Sep 30, 2026. https://etfiq.com/compare/themes/grid-vs-pow

Open data

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