Do GRID and VOLT hold the same stocks?

By their latest filings, 24% 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 VOLT?

GRID has 40% of its weight in S&P 500 names and VOLT has 53%, so VOLT differs more from the index.

Which is cheaper, GRID or VOLT?

GRID charges 0.56% a year and VOLT charges 0.75%, so GRID is cheaper. Fees come from each fund's prospectus.

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GRID vs VOLT: which is really different?

GRID and VOLT hold 24% of their weight in the same names, and VOLT returned +23.6% over the year. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund and Tema Electrification ETF.

39.5%

GRID in the S&P 500

52.8%

VOLT in the S&P 500

+18.3%

GRID total return, 1 year

+23.6%

VOLT total return, 1 year

GRID · 1 year to Sep 30, 202661% of its weight is outside the S&P 500

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

VOLT · 1 year to Sep 30, 202647% of its weight is outside the S&P 500

53% of VOLT's weight is in S&P 500 companies and 47% is outside the index

ETFIQ Off-Index Score · VOLT scores higherHow much of it is not the index it is sold as an alternative to?

GRID 27.5

VOLT 39.6

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 VOLT hold 24% 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 Sep 30, 2026.

50%

half

24% in common

Positions both hold, largest shared weight first

Holding GRID VOLT

Eaton Corporation Plc 8.57% 6.36%

Quanta Services, Inc. 8.48% 5.55%

ABB Ltd 7.79% 2.99%

nVent Electric plc 2.94% 4.52%

Hubbell Incorporated 2.47% 4.47%

Johnson Controls International Plc 8.35% 1.67%

Schneider Electric SE 7.74% 1.47%

GE Vernova Inc. 1.02% 4.37%

Advanced Energy Industries, Inc. 0.05% 3.99%

Only in GRID

Prysmian SpA 4.03%

National Grid Plc 3.84%

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%

Only in VOLT

BEL FUSE INC 6.73%

AMPHENOL CORP 6.70%

POWELL INDUSTRIES INC 5.48%

ENERGY TRANSFER LP 5.16%

NEXTERA ENERGY INC 4.93%

AMERICAN ELECTRIC POWER CO INC 4.87%

OGE ENERGY CORP 4.48%

BLOOM ENERGY CORP 4.45%

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

24% of the two portfolios are the same securities at the same weight.

Performance, window by window

	Total return		vs the S&P 500		vs the Nasdaq-100
Window	GRID	VOLT	GRID	VOLT	GRID	VOLT
3 months	−5.2%	−12.3%	−7.7 pts	−14.8 pts	−7.3 pts	−14.4 pts
6 months	+6.8%	+1.8%	−10.2 pts	−15.2 pts	−20.1 pts	−25.1 pts
1 year	+18.3%	+23.6%	+2.5 pts	+7.9 pts	−5.5 pts	−0.2 pts
3 years	+94.7%	not published	+9.7 pts	not published	−15.3 pts	not published
Since launch GRID Jan 2010 · VOLT Dec 2024	+548.8%	+40.6%	−255.9 pts	+12.2 pts	−1188.8 pts	−2.2 pts

GRID and VOLT 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

VOLT

Tema Electrification ETF · Holds 26 stocks in electrification and the grid, 53% of its weight in S&P 500 companies

Issuer First Trust Tema

Theme Electrification and the grid Electrification and the grid

In the S&P 500 39.5% 52.8%

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

In the Nasdaq-100 8.3% 6.8%

Holdings 131 26

Top ten, share of the fund 57.9% 54.8%

Expense ratio 0.56% 0.75%

Fee for the differing part 0.61% 0.77%

Total return, 1 year +18.3% +23.6%

vs the S&P 500 +2.5 pts +7.9 pts

vs the Nasdaq-100 −5.5 pts −0.2 pts

Below its high −10.8% −15.7%

Net assets $11.9bn $727m

GRID and VOLT 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.

VOLT in plain words

By weight, 53% of VOLT'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 55% of the fund across 26 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned +23.6% with distributions reinvested against +15.7% for the S&P 500, so a holder was ahead by 7.9 pts. It sits 15.7% below its all-time high of Jun 22, 2026.

Questions people ask

Do GRID and VOLT hold the same stocks?: By their latest filings, 24% 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 VOLT?: GRID has 40% of its weight in S&P 500 names and VOLT has 53%, so VOLT differs more from the index.
Which is cheaper, GRID or VOLT?: GRID charges 0.56% a year and VOLT charges 0.75%, so GRID is cheaper. Fees come from each fund's prospectus.

Other comparisons

GRID vs IGV GRID vs ITA GRID vs JOUL GRID vs KWEB VOLT vs ZAP VOLT vs COPA VOLT vs COPJ VOLT vs COPP

GRID on its own →VOLT 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 ↗VOLT filings on SEC EDGAR ↗VOLT prospectus with the expense ratio (SEC) ↗Tema page for VOLT ↗

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

Open data

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