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Data as of Oct 28, 2026.

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Thematic ETFs

GRID vs TPZ: Holdings Overlap & Returns

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Over the year to Oct 28, 2026, GRID returned +7.9% to TPZ's +3.7%; 1% 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 $129m on May 31, 2026 for Tortoise Electrification Infrastructure ETF.

GRID on its own →TPZ on its own →
At a glance
41.1%
GRID in the S&P 500
54.6%
TPZ in the S&P 500
+7.9%
GRID total return, 1 year
+3.7%
TPZ total return, 1 year
GRID · 1 year to Oct 28, 2026 59% of its weight is outside the S&P 500
59% of its weight is outside the S&P 50041% of GRID's weight is in S&P 500 companies and 59% is outside the index. Holdings as of Oct 27, 2026.41%59%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 92% · top ten 57% of the fund · 122 holdings as published by its issuer for Oct 27, 2026 · Nasdaq-100: 9% in59% of its weight is outside the S&P 50041% of GRID's weight is in S&P 500 companies and 59% is outside the index. Holdings as of Oct 27, 2026.41%59%in the S&P 500outside the S&P 500active share 92% · Nasdaq-100: 9% in

41% of GRID's weight is in S&P 500 companies and 59% is outside the index. Holdings as of Oct 27, 2026.

TPZ · 1 year to Oct 28, 2026 45% of its weight is outside the S&P 500
45% of its weight is outside the S&P 50055% of TPZ's weight is in S&P 500 companies and 45% is outside the index. Holdings as of May 31, 2026.55%45%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 98% · top ten 53% of the fund · 31 holdings as filed for May 31, 2026 · Nasdaq-100: 7% in45% of its weight is outside the S&P 50055% of TPZ's weight is in S&P 500 companies and 45% is outside the index. Holdings as of May 31, 2026.55%45%in the S&P 500outsideactive share 98% · Nasdaq-100: 7% in

55% of TPZ's weight is in S&P 500 companies and 45% is outside the index. Holdings as of May 31, 2026.

Pair scorecard

GRID costs 0.29 points a year less; their one-year returns differ by 4.2 points.

Points (pts) are percentage points.

GRID vs TPZ: Holdings Overlap & Returns
MeasureGRIDTPZ
Return
Total return, 1 year+7.9%+3.7%
Drawdown
Below its all-time high14.7%, high on May 11, 20266.3%, high on Apr 30, 2026
Against its benchmark
What it tracksElectrification and the gridElectrification and the grid
Its benchmark, total return, 1 year+13.3%
Against its benchmark, 1 yearbehind by 5.4 pts
Cost and size
Expense ratio0.56%0.85%
Net assets, GRID as of Oct 27, 2026 and TPZ as of May 31, 2026$11.4bn$129m
Holdings
Holdings in common1%

Holdings in common uses holdings dated May 31, 2026 and Oct 27, 2026. Method

What they share

1%

By the books each fund has filed, GRID and TPZ hold 1% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Oct 27, 2026.

0 half 100%

half

1% in common

Positions both hold · largest shared weight first GRID TPZ
Quanta Services, Inc. 8.10% 0.95%
MasTec, Inc. 0.05% 0.92%
Only in one fund ↓
Only in GRID
Johnson Controls International Plc 9.28%
Eaton Corporation Plc 8.12%
ABB Ltd 7.50%
Schneider Electric SE 6.71%
National Grid Plc 4.35%
E.ON SE 4.25%
Prysmian SpA 3.60%
nVent Electric plc 2.61%
Only in TPZ
Energy Transfer LP 7.22%
Entergy Corp 5.87%
Targa Resources Corp 5.64%
Clearway Energy Inc 5.60%
Williams Cos Inc 5.42%
TC Energy Corp 5.28%
Cheniere Energy Inc 4.75%
Constellation Energy Corp 4.53%
Check overlap with more funds →

Window by window

Window by window: GRID vs TPZ: Holdings Overlap & Returns
Total returnvs its benchmark
WindowGRIDTPZGRIDTPZ
3 months+1.3%+0.3%−4.2 pts vs IWVnot measured
6 months−7.5%−3.5%−16.3 pts vs IWVnot measured
1 year+7.9%+3.7%−5.4 pts vs IWVnot measured
3 years+104.9%–+12.1 pts vs IWV–
Since launchNot the same days: GRID Nov 2009 · TPZ Dec 2024+576.0%+12.6%not measurednot 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, 41% of its weight in S&P 500 companies TPZ Tortoise Electrification Infrastructure ETF · Holds 31 stocks in electrification and the grid, 55% of its weight in S&P 500 companies
Issuer First Trust Tortoise
Theme Electrification and the grid Electrification and the grid
In the S&P 500 41.1% 54.6%
Active share vs the S&P 500 92.3% 98.3%
In the Nasdaq-100 8.9% 7.0%
Holdings 122 31
Top ten, share of the fund 57.0% 52.7%
Expense ratio 0.56% 0.85%
Fee for the differing part 0.61% 0.86%
Total return, 1 year +7.9% +3.7%
vs its benchmark −5.4 pts vs IWV not measured
Below its high −14.7% −6.3%
Net assets, GRID as of Oct 27, 2026 and TPZ as of May 31, 2026 $11.4bn $129m

As of Oct 28, 2026. Source: ETFIQ.

1% of the two portfolios are the same securities at the same weight.

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About each fund
GRID

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.

TPZ

By weight, 55% of TPZ'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 53% of the fund across 31 positions, as filed for May 31, 2026. Over the year to Oct 28, 2026 the fund returned +3.7% with distributions reinvested. It sits 6.3% below its all-time high of Apr 30, 2026.

Questions people ask

Do GRID and TPZ hold the same stocks?
By their latest filings, 1% 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 TPZ?
GRID has 41% of its weight in S&P 500 names and TPZ has 55%, so TPZ differs more from the index.
Which is cheaper, GRID or TPZ?
GRID charges 0.56% a year and TPZ charges 0.85%, so GRID is cheaper. Fees come from each fund's prospectus.
Other comparisons
GRID vs POWGRID vs POWRGRID vs JOULGRID vs ELFYTPZ vs VOLTTPZ vs TRFMTPZ vs ZAPTPZ vs POW
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →GRID on its own →TPZ on its own →GRID dividend history →GRID holdings →TPZ dividend history →TPZ 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 ↗
TPZ filings on SEC EDGAR ↗
TPZ prospectus with the expense ratio (SEC) ↗
Tortoise 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 TPZ, data as of Oct 28, 2026. https://etfiq.com/compare/themes/grid-vs-tpz

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