Do GRID and ZAP hold the same stocks?

By their latest filings, 12% 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 ZAP?

GRID has 40% of its weight in S&P 500 names and ZAP has 76%, so ZAP differs more from the index.

Which is cheaper, GRID or ZAP?

GRID charges 0.56% a year and ZAP charges 0.50%, so ZAP is cheaper. Fees come from each fund's prospectus.

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GRID vs ZAP: which is really different?

GRID and ZAP hold 12% of their weight in the same names, and GRID returned +18.3% over the year. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund and Global X U.S. Electrification ETF.

39.5%

GRID in the S&P 500

75.5%

ZAP in the S&P 500

+18.3%

GRID total return, 1 year

+4.9%

ZAP 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

ZAP · 1 year to Sep 30, 202625% of its weight is outside the S&P 500

76% of ZAP's weight is in S&P 500 companies and 25% is outside the index

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

GRID 27.5

ZAP 48.1

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 ZAP hold 12% 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

12% in common

Positions both hold, largest shared weight first

Holding GRID ZAP

Quanta Services, Inc. 8.48% 4.71%

Eaton Corporation Plc 8.57% 4.67%

Hubbell Incorporated 2.47% 2.67%

American Superconductor Corporation 0.16% 0.14%

MasTec, Inc. 0.06% 1.41%

EnerSys 0.03% 0.71%

Only in GRID

Johnson Controls International Plc 8.35%

ABB Ltd 7.79%

Schneider Electric SE 7.74%

Prysmian SpA 4.03%

National Grid Plc 3.84%

E.ON SE 3.70%

nVent Electric plc 2.94%

NVIDIA Corporation 2.07%

Only in ZAP

BLOOM ENERGY CORP- A 5.89%

AMETEK INC 4.63%

DOMINION ENERGY INC 4.27%

CONSOLIDATED EDISON INC 4.08%

AMERICAN ELECTRIC POWER 3.92%

DUKE ENERGY CORP 3.92%

NATIONAL GRID PLC-SP ADR 3.85%

SOUTHERN CO/THE 3.85%

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

12% 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	ZAP	GRID	ZAP	GRID	ZAP
3 months	−5.2%	−9.8%	−7.7 pts	−12.3 pts	−7.3 pts	−11.9 pts
6 months	+6.8%	−5.3%	−10.2 pts	−22.3 pts	−20.1 pts	−32.2 pts
1 year	+18.3%	+4.9%	+2.5 pts	−10.8 pts	−5.5 pts	−18.9 pts
3 years	+94.7%	not published	+9.7 pts	not published	−15.3 pts	not published
Since launch GRID Jan 2010 · ZAP Dec 2024	+548.8%	+30.4%	−255.9 pts	−2.6 pts	−1188.8 pts	−14.2 pts

GRID and ZAP 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

ZAP

Global X U.S. Electrification ETF · Holds 47 stocks in electrification and the grid, 76% of its weight in S&P 500 companies

Issuer First Trust Global X

Theme Electrification and the grid Electrification and the grid

In the S&P 500 39.5% 75.5%

Active share vs the S&P 500 92.5% 97.9%

In the Nasdaq-100 8.3% 15.3%

Holdings 131 47

Top ten, share of the fund 57.9% 43.8%

Expense ratio 0.56% 0.50%

Fee for the differing part 0.61% 0.51%

Total return, 1 year +18.3% +4.9%

vs the S&P 500 +2.5 pts −10.8 pts

vs the Nasdaq-100 −5.5 pts −18.9 pts

Below its high −10.8% −12.6%

Net assets $11.9bn $436m

GRID and ZAP 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.

ZAP in plain words

By weight, 76% of ZAP'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 44% of the fund across 47 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned +4.9% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 10.8 pts. It sits 12.6% below its all-time high of Jun 25, 2026.

Questions people ask

Do GRID and ZAP hold the same stocks?: By their latest filings, 12% 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 ZAP?: GRID has 40% of its weight in S&P 500 names and ZAP has 76%, so ZAP differs more from the index.
Which is cheaper, GRID or ZAP?: GRID charges 0.56% a year and ZAP charges 0.50%, so ZAP is cheaper. Fees come from each fund's prospectus.

Other comparisons

GRID vs DRAM GRID vs ELFY GRID vs EMET GRID vs FDN ZAP vs COPA ZAP vs COPJ ZAP vs COPP ZAP vs COPX

GRID on its own →ZAP 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 ↗ZAP filings on SEC EDGAR ↗ZAP prospectus with the expense ratio (SEC) ↗Global X page for ZAP ↗

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

Open data

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