Do GRID and XT hold the same stocks?

By their latest filings, 12% 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 XT?

GRID has 41% of its weight in S&P 500 names and XT has 66%, so GRID differs more from the index.

Which is cheaper, GRID or XT?

GRID charges 0.56% a year and XT charges 0.46%, so XT is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Thematic ETFs

GRID vs XT: Holdings Overlap & Returns

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Over the year to Oct 28, 2026, GRID returned +7.9% to XT's +22.1%; 12% of their weight is in the same names.

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Net assets on Oct 27, 2026: $11.4bn for First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund and $4.1bn for iShares Future Exponential Technologies ETF.

GRID on its own →XT on its own →

At a glance

41.1%

GRID in the S&P 500

65.5%

XT in the S&P 500

+7.9%

GRID total return, 1 year

+22.1%

XT total return, 1 year

GRID · 1 year to Oct 28, 2026 59% of its weight is outside the S&P 500

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

XT · 1 year to Oct 28, 2026 35% of its weight is outside the S&P 500

66% of XT's weight is in S&P 500 companies and 35% is outside the index. Holdings as of Oct 27, 2026.

Pair scorecard

XT costs 0.10 points a year less; their one-year returns differ by 14.2 points; GRID is 2.8 times larger.

Points (pts) are percentage points.

GRID vs XT: Holdings Overlap & Returns
Measure	GRID	XT
Return
Measure	GRID	XT
Total return, 1 year	+7.9%	+22.1%
Drawdown
Measure	GRID	XT
Below its all-time high	14.7%, high on May 11, 2026
Against its benchmark
Measure	GRID	XT
What it tracks	Electrification and the grid	Broad innovation and megatrends
Its benchmark, total return, 1 year	+13.3%	+13.4%
Against its benchmark, 1 year	behind by 5.4 pts	ahead by 8.7 pts
Cost and size
Measure	GRID	XT
Expense ratio	0.56%	0.46%
Net assets, as of Oct 27, 2026	$11.4bn	$4.1bn
Holdings
Measure	GRID	XT
Holdings in common	12%

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

Risk and return

Apr 2, 2015 to Oct 23, 2026 · 603 weekly returns

GRID XT

Return

Total return edge GRID +414.9% +292.0%

Annualized edge GRID +15.2% +12.5%

Price return edge GRID +352.4% +225.6%

Risk

Volatility edge XT 22.6% 19.0%

Max drawdown edge XT −39.0% −34.3%

Downside capture 110.3% 108.7%

Beta 1.15 1.11

Risk-adjusted

Sharpe edge GRID (slight) 0.64 0.60

Sortino edge GRID (slight) 0.94 0.87

Treynor 0.104 0.103

Calmar edge GRID (slight) 0.39 0.36

Against the benchmark

Alpha −2.7% a year +1.1% a year

Alpha t-stat −0.97 0.61

Information ratio −0.06 0.33

Tracking error 11.6% 6.5%

Each against its own benchmark: GRID against IWV, Nov 27, 2009 to Oct 23, 2026; XT against ACWI, Apr 2, 2015 to Oct 23, 2026.

Reading

GRID returned more: +414.9% to +292.0%. XT swung less: 19.0% to 22.6%. XT fell less at its worst: −34.3% to −39.0%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: GRID vs XT: Holdings Overlap & Returns
Measure	GRID	XT	Edge	How it is measured
Return
Total return	+414.9%	+292.0%	GRID	Price change plus distributions, reinvested.
Annualized	+15.2%	+12.5%	GRID	Total return as a yearly rate.
Price return	+352.4%	+225.6%	GRID	Price change alone, distributions left out.
Risk
Volatility	22.6%	19.0%	XT	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	15.4%	13.2%	XT	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−39.0%	−34.3%	XT	Deepest fall from a high to the low after it.
Upside capture	115.2%	123.1%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	110.3%	108.7%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	1.15	1.11	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.74	0.89	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.64	0.60	GRID (slight)	Return above Treasury bills per unit of volatility.
Sortino	0.94	0.87	GRID (slight)	Return above Treasury bills per unit of downside deviation.
Treynor	0.104	0.103		Return above Treasury bills per unit of beta.
Calmar	0.39	0.36	GRID (slight)	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	IWV	ACWI		The ETF each fund is measured against.
Alpha	−2.7% a year	+1.1% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.97	0.61	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−8.1% to +2.8%	−2.5% to +4.7%	Includes zero	The 95% range for the yearly alpha.
Information ratio	−0.06	0.33		Return against its benchmark per unit of tracking error.
Tracking error	11.6%	6.5%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 603 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

12%

By the books each fund has filed, GRID and XT hold 12% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

12% in common

Positions both hold · largest shared weight first GRID XT

Tesla, Inc. 2.35% 4.45%

NVIDIA Corporation 2.10% 3.66%

Texas Instruments Incorporated 1.28% 4.56%

Cisco Systems, Inc. 2.00% 1.21%

Analog Devices, Inc. 0.93% 3.33%

Iberdrola S.A. 0.73% 1.48%

GE Vernova Inc. 1.02% 0.62%

Emerson Electric Co. 0.45% 0.91%

Eaton Corporation Plc 8.12% 0.40%

Infineon Technologies AG 0.37% 1.13%

NXP Semiconductors N.V. 0.28% 0.97%

International Business Machines Corporation 1.07% 0.25%

Only in one fund ↓

Only in GRID

Johnson Controls International Plc 9.28%

Quanta Services, Inc. 8.10%

ABB Ltd 7.50%

National Grid Plc 4.35%

E.ON SE 4.25%

Prysmian SpA 3.60%

nVent Electric plc 2.61%

TERNA - Rete Elettrica Nazionale SpA 1.99%

Only in XT

ELI LILLY 4.32%

MICROSOFT 4.11%

PALO ALTO NETWORKS 3.67%

JOHNSON & JOHNSON 3.02%

CROWDSTRIKE HOLDINGS CLASS A 2.83%

AMAZON.COM INC 2.62%

ABBVIE 2.44%

ALPHABET CLASS A 1.96%

Check overlap with more funds →

Window by window

Window by window: GRID vs XT: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	GRID	XT	GRID	XT
3 months	+1.3%	+10.2%	−4.2 pts vs IWV	+5.8 pts vs ACWI
6 months	−7.5%	+14.0%	−16.3 pts vs IWV	+6.6 pts vs ACWI
1 year	+7.9%	+22.1%	−5.4 pts vs IWV	+8.7 pts vs ACWI
3 years	+104.9%	+93.2%	+12.1 pts vs IWV	+4.3 pts vs ACWI
Since launchNot the same days: GRID Nov 2009 · XT Mar 2015	+576.0%	+297.8%	not measured	+71.7 pts vs ACWI

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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 XT iShares Future Exponential Technologies ETF · Holds 197 stocks in broad innovation and megatrends, 66% of its weight in S&P 500 companies

Issuer First Trust iShares

Theme Electrification and the grid Broad innovation and megatrends

In the S&P 500 41.1% 65.5%

Active share vs the S&P 500 92.3% 69.2%

In the Nasdaq-100 8.9% 41.6%

Holdings 122 197

Top ten, share of the fund 57.0% 36.6%

Expense ratio 0.56% 0.46%

Fee for the differing part 0.61% 0.66%

Total return, 1 year +7.9% +22.1%

vs its benchmark −5.4 pts vs IWV +8.7 pts vs ACWI

Below its high −14.7% −0.5%

Net assets, as of Oct 27, 2026 $11.4bn $4.1bn

As of Oct 28, 2026. Source: ETFIQ.

12% of the two portfolios are the same securities at the same weight.

Client brief · page 1 of 2 Report BR-E6C2EB2802

GRID and XT are built for the same job. How do they differ in cost, holdings and results?

Theme. GRID covers Electrification and the grid and XT covers Broad innovation and megatrends.
Concentration. The top ten holdings are 57.0% of GRID and 36.6% of XT, a gap of 20.4 points.
What each follows. GRID follows Electrification and the grid and XT follows Broad innovation and megatrends.

Data as of Oct 28, 2026.

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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.

By weight, 66% of XT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 69%. The top ten holdings are 37% of the fund across 197 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +22.1% with distributions reinvested against +13.4% for its benchmark, the MSCI All Country World Index, so a holder was ahead by 8.7 pts.

Questions people ask

Do GRID and XT hold the same stocks?: By their latest filings, 12% 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 XT?: GRID has 41% of its weight in S&P 500 names and XT has 66%, so GRID differs more from the index.
Which is cheaper, GRID or XT?: GRID charges 0.56% a year and XT charges 0.46%, so XT is cheaper. Fees come from each fund's prospectus.

Other comparisons

GRID vs ARKK GRID vs XME GRID vs SIL GRID vs BOTZ XT vs IFRA XT vs ARTY XT vs IDEF XT vs BOTZ

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →GRID on its own →XT on its own →GRID dividend history →GRID holdings →XT dividend history →XT 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 ↗

XT filings on SEC EDGAR ↗

XT prospectus with the expense ratio (SEC) ↗

iShares page for XT ↗

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 XT, data as of Oct 28, 2026. https://etfiq.com/compare/themes/grid-vs-xt

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