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GRID vs XBI: which is really different?

GRID and XBI hold 0% of their weight in the same names, and XBI returned +45.0% over the year. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund and State Street(R) SPDR(R) S&P(R) Biotech ETF.

XBI costs 0.21 points a year less; their one-year returns differ by 25.5 points; GRID is 1.2 times larger.

GRIDXBI
Expense ratio0.56%0.35%
Net assets, GRID as of Oct 9, 2026 and XBI as of Oct 8, 2026$12.2bn$9.9bn
Total return, 1 year+19.5%+45.0%
What it tracksElectrification and the gridBiotech
Holdings in common0%
S&P 500, total return, 1 year+17.3%
Against the S&P 500, 1 yearahead by 2.3 ptsahead by 27.7 pts
Active share vs the S&P 50092%
Below its all-time high8.9%, high on May 11, 202611.1%, high on Feb 8, 2021

Holdings in common uses holdings dated Oct 8, 2026.

40.5%
GRID in the S&P 500
12.7%
XBI in the S&P 500
+19.5%
GRID total return, 1 year
+45.0%
XBI total return, 1 year
GRID · 1 year to Oct 9, 202660% of its weight is outside the S&P 500
60% of its weight is outside the S&P 50041% of GRID's weight is in S&P 500 companies and 60% is outside the index. Holdings as of Oct 8, 2026.41%60%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 93% · top ten 58% of the fund · 123 holdings as published by its issuer for Oct 8, 2026 · Nasdaq-100: 9% in60% of its weight is outside the S&P 50041% of GRID's weight is in S&P 500 companies and 60% is outside the index. Holdings as of Oct 8, 2026.41%60%in the S&P 500outside the S&P 500active share 93% · Nasdaq-100: 9% in

41% of GRID's weight is in S&P 500 companies and 60% is outside the index. Holdings as of Oct 8, 2026.

XBI · 1 year to Oct 9, 202687% of its weight is outside the S&P 500
87% of its weight is outside the S&P 50013% of XBI's weight is in S&P 500 companies and 87% is outside the index. Holdings as of Oct 8, 2026.13%87%inof its weight outside the S&P 500active share 98% · top ten 17% of the fund · 165 holdings as published by its issuer for Oct 8, 2026 · Nasdaq-100: 9% in87% of its weight is outside the S&P 50013% of XBI's weight is in S&P 500 companies and 87% is outside the index. Holdings as of Oct 8, 2026.13%87%inof its weight outside the S&P 500active share 98% · Nasdaq-100: 9% in

13% of XBI's weight is in S&P 500 companies and 87% is outside the index. Holdings as of Oct 8, 2026.

ETFIQ Off-Index Score · XBI scores higherHow much of it is not the index it is sold as an alternative to?
0.1, the lowest in this set92.3, the highest

A percentile among the 391 thematic ETFs with a holdings filing. All thematic ETFs ranked by it → How it is computed →

What they hold in common

By the books each fund has filed, GRID and XBI hold 0% 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 8, 2026.

half

0% in common

Positions both hold, largest shared weight first
Holding GRID XBI
Only in GRID
Quanta Services, Inc. 8.99%
Johnson Controls International Plc 8.59%
Eaton Corporation Plc 8.41%
ABB Ltd 7.72%
Schneider Electric SE 6.82%
Prysmian SpA 3.91%
National Grid Plc 3.83%
E.ON SE 3.66%
Only in XBI
MODERNA INC 2.20%
TWIST BIOSCIENCE CORP 1.84%
NATERA INC 1.79%
ABBVIE INC 1.65%
UNITED THERAPEUTICS CORP 1.59%
AMGEN INC 1.58%
BIOGEN INC 1.57%
HALOZYME THERAPEUTICS INC 1.55%

0% 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
WindowGRIDXBIGRIDXBIGRIDXBI
3 months−1.9%−3.3%−5.3 pts−6.7 pts−5.6 pts−7.0 pts
6 months+2.3%+18.9%−12.9 pts+3.8 pts−20.9 pts−4.3 pts
1 year+19.5%+45.0%+2.3 pts+27.7 pts−4.0 pts+21.4 pts
3 years+98.8%+114.6%+13.1 pts+28.8 pts−8.4 pts+7.3 pts
Since launch
GRID Nov 2009 · XBI Feb 2006
+621.8%+890.7%−223.3 pts+92.2 pts−1,223.8 pts−1,164.7 pts

Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund · Holds 123 stocks in electrification and the grid, 40% of its weight in S&P 500 companies
XBI
State Street(R) SPDR(R) S&P(R) Biotech ETF · Holds 165 stocks in biotech, 13% of its weight in S&P 500 companies
Issuer First Trust State Street
Theme Electrification and the grid Biotech
In the S&P 500 40.5% 12.7%
Active share vs the S&P 500 92.5% 98.4%
In the Nasdaq-100 8.5% 8.5%
Holdings 123 165
Top ten, share of the fund 57.5% 16.9%
Expense ratio 0.56% 0.35%
Fee for the differing part 0.61% 0.36%
Total return, 1 year +19.5% +45.0%
vs the S&P 500 +2.3 pts +27.7 pts
vs the Nasdaq-100 −4.0 pts +21.4 pts
Below its high −8.9% −11.1%
Net assets, GRID as of Oct 9, 2026 and XBI as of Oct 8, 2026 $12.2bn $9.9bn

As of Oct 9, 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 123 positions, as published by its issuer for Oct 8, 2026. Over the year to Oct 9, 2026 the fund returned +19.5% with distributions reinvested against +17.3% for the S&P 500, so a holder was ahead by 2.3 pts. It sits 8.9% below its all-time high of May 11, 2026.

XBI in plain words

By weight, 13% of XBI'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 17% of the fund across 165 positions, as published by its issuer for Oct 8, 2026. Over the year to Oct 9, 2026 the fund returned +45.0% with distributions reinvested against +17.3% for the S&P 500, so a holder was ahead by 27.7 pts. It sits 11.1% below its all-time high of Feb 8, 2021.

Questions people ask

Do GRID and XBI hold the same stocks?
By their latest filings, 0% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, GRID or XBI?
GRID has 40% of its weight in S&P 500 names and XBI has 13%, so XBI differs more from the index.
Which is cheaper, GRID or XBI?
GRID charges 0.56% a year and XBI charges 0.35%, so XBI is cheaper. Fees come from each fund's prospectus.
Other comparisons
GRID vs IBBGRID vs AIRRGRID vs IGVGRID vs URAXBI vs IGVXBI vs QTUMXBI vs URAXBI vs SIL
GRID on its own →XBI 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 ↗XBI filings on SEC EDGAR ↗XBI prospectus with the expense ratio (SEC) ↗State Street website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

It is a position in a set, not a rating, and neither end of it is a recommendation.

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

Every figure is an ETFIQ calculation with distributions reinvested.

Cite this page

ETFIQ, GRID against XBI, data as of Oct 9, 2026. https://etfiq.com/compare/themes/grid-vs-xbi

Open data

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