Data as of Oct 28, 2026.
GRID vs SHLD: Holdings Overlap & Returns
Over the year to Oct 28, 2026, GRID returned +7.9% to SHLD's −6.5%; 0% of their weight is in the same names.
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Net assets: $11.4bn on Oct 27, 2026 for First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund, and $6.3bn on Oct 12, 2026 for Global X Defense Tech ETF.
41% of GRID's weight is in S&P 500 companies and 59% is outside the index. Holdings as of Oct 27, 2026.
45% of SHLD's weight is in S&P 500 companies and 55% is outside the index. Holdings as of May 31, 2026.
Pair scorecard
SHLD costs 0.06 points a year less; their one-year returns differ by 14.4 points; GRID is 1.9 times larger.
Points (pts) are percentage points.
| Measure | GRID | SHLD |
|---|---|---|
| Return | ||
| Total return, 1 year | +7.9% | −6.5% |
| Drawdown | ||
| Below its all-time high | 14.7%, high on May 11, 2026 | 18.6%, high on Mar 9, 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% | 0.50% |
| Net assets, as of Oct 12, 2026 | $12.1bn | $6.3bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated May 31, 2026 and Oct 27, 2026. Method
Risk and return
Sep 22, 2023 to Oct 23, 2026 · 161 weekly returnsSHLD returned more: +161.2% to +77.3%. GRID swung less: 18.9% to 24.0%. GRID fell less at its worst: −17.8% to −25.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | GRID | SHLD | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +77.3% | +161.2% | SHLD | Price change plus distributions, reinvested. |
| Annualized | +20.3% | +36.4% | SHLD | Total return as a yearly rate. |
| Price return | +71.8% | +156.8% | SHLD | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 18.9% | 24.0% | GRID | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.9% | 13.5% | GRID (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −17.8% | −25.1% | GRID | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.84 | 1.23 | SHLD | Return above Treasury bills per unit of volatility. |
| Sortino | 1.22 | 2.17 | SHLD | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.14 | 1.45 | SHLD | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 161 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GRID and SHLD hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | GRID | SHLD | GRID | SHLD |
| 3 months | +1.3% | +2.0% | −4.2 pts vs IWV | not measured |
| 6 months | −7.5% | −4.7% | −16.3 pts vs IWV | not measured |
| 1 year | +7.9% | −6.5% | −5.4 pts vs IWV | not measured |
| 3 years | +104.9% | +156.5% | +12.1 pts vs IWV | not measured |
| Since launchNot the same days: GRID Nov 2009 · SHLD Sep 2023 | +576.0% | +160.2% | 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.
No client brief for this pair: the two funds' holdings are dated 149 days apart.
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.
SHLD
By weight, 45% of SHLD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 59% of the fund across 48 positions, as filed for May 31, 2026. Over the year to Oct 28, 2026 the fund returned −6.5% with distributions reinvested. It sits 18.6% below its all-time high of Mar 9, 2026.
Questions people ask
- Do GRID and SHLD 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.
Cite this pageCitation, APA and Markdown
ETFIQ, GRID against SHLD, data as of Oct 28, 2026. https://etfiq.com/compare/themes/grid-vs-shld
ETFIQ. (Oct 28, 2026). GRID against SHLD. Retrieved from https://etfiq.com/compare/themes/grid-vs-shld
[GRID against SHLD (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/themes/grid-vs-shld)
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