ETF overlap

GRID vs ICLN overlap - what they share and where they differ

GRID and ICLN share 2.2% of their weight across 6 common positions, read from what each fund reported to the SEC.

Each week Ploutos reads the equity positions the largest US ETFs report to the SEC and works out the overlap of every pair. For each stock both hold, we use the smaller of its two weights.

GRID and ICLN

2.2%

6 shared stocks

GRIDFirst Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

Holdings of GRID
Stock positions reported
120
Weight of the ten largest
58.4%
Only here, not in ICLN
97.4%

ICLNiShares Global Clean Energy ETF

Holdings of ICLN
Stock positions reported
100
Weight of the ten largest
49.2%
Only here, not in GRID
83.4%
Positions coveredGRID 100%ICLN 97%Filings: Jun 30, 2026, Jul 31, 2026

GRID vs ICLN side by side

The same figures from the two funds' filings, side by side.

Largest sectors for both funds

GRIDICLN
  • Industrials: GRID 33.6%, ICLN 9.6%
  • Technology: GRID 10.3%, ICLN 25.4%
  • Utilities: GRID 4.3%, ICLN 4.9%
  • Consumer cyclical: GRID 3.3%, ICLN 0.0%
  • Basic materials: GRID 0.1%, ICLN 1.5%

The widest gap is Industrials: GRID has 24.0 points more of it.

  • Filing date
    GRIDJun 30, 2026
  • Stock positions reported
    GRID120
  • Weight of the ten largest
    GRID58.4%
  • Largest position
    GRIDETN 8.5%
  • Held alone
    GRID114 positions, 97.4%
  • Covered by stock positions
    GRID100%

What each holds alone

The heaviest positions one fund reports and the other does not.

Only in GRID

114 positions only here, 97.4% of the fund

  • ETNEaton Corp PLC8.52%
  • Schneider Electric SE8.29%
  • Abb Ltd (Ch)8.11%
  • PWRQuanta Services Inc8.10%
  • JCIJohnson Controls International PLC7.99%
  • NGGNational Grid PLC4.11%
  • E.on SE3.88%
  • Prysmian Spa3.87%
  • NVTNvent Electric PLC2.87%
  • HUBBHubbell Inc2.61%

Only in ICLN

94 positions only here, 83.4% of the fund

  • FSLRFirst Solar, Inc.8.06%
  • China Yangtze Power Co., Ltd.7.83%
  • NXTNextpower Inc.7.01%
  • BEBloom Energy Corporation6.93%
  • Vestas Wind Systems A/S3.63%
  • PLUGPlug Power Inc.2.67%
  • Chubu Electric Power Company, Incorporated2.52%
  • ENLTEnlight Renewable Energy Ltd2.20%
  • Suzlon Energy Limited2.03%
  • CWENClearway Energy, Inc.1.92%

Holdings they share

6 shared stocks
  • EQUATORIAL S.A.Equatorial SA
    Counted0.96%
  • ENPHEnphase Energy Inc
    Counted0.58%
  • SEDGSolaredge Technologies Inc
    Counted0.36%
  • SMA SOLAR TECHNOLOGY AG
    Counted0.16%
  • EDP, S.A.Edp SA
    Counted0.05%
  • VERBUND AG
    Counted0.03%

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Questions people ask

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Is GRID the same as ICLN?

2.2% of their weight sits in the same 6 holdings. GRID also reports ETN, SCHNEIDER ELECTRIC SE, ABB LTD (CH), which the other does not. ICLN also reports FSLR, CHINA YANGTZE POWER CO., LTD., NXT, which the other does not.

How is the overlap between GRID and ICLN measured?

For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 100% of GRID and 97% of ICLN, so the number cannot exceed the smaller coverage.

Which holds more, ICLN or GRID?

GRID reports 120 stock positions and ICLN reports 100. 97.4% of GRID's weight sits in names ICLN does not hold, and 83.4% of ICLN's weight in names GRID does not hold. The ten largest positions are 58.4% of GRID and 49.2% of ICLN.

How do GRID and ICLN differ by sector?

The widest gap is Industrials: GRID has 24.0 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.

Where do the numbers come from?

From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.

Related pages

US stocksThe market today, the sectors, the largest companies and the week's results.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.Bond ETFsWhat each bond ETF's bonds yield, how far its price would fall if rates rose, and how it did in 2022.Methodology and sourcesWhere every figure comes from and how it is checked.

Descriptive data from public SEC filings. Holdings change between filings.