GRID vs PAVE overlap - what they share and where they differ
GRID and PAVE share 10.3% of their weight across 13 common positions, read from what each fund reported to the SEC.
Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.
GRID and PAVE
10.3%
13 shared positions
GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
Reported positions cover 100% of the fund, 120 positions · Jun 30, 2026
Top 10: 58.4%·Holdings of GRID
PAVE
Global X U.S. Infrastructure Development ETF
Reported positions cover 100% of the fund, 100 positions · May 31, 2026
Top 10: 32.3%·Holdings of PAVE
Reported positions cover GRID 100%, PAVE 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
PAVE vs GRID side by side
GRIDFirst Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
120
stock positions reported to the SEC
78.7% of its weight is in 107 names PAVE does not hold
PAVEGlobal X U.S. Infrastructure Development ETF
100
stock positions reported to the SEC
82.7% of its weight is in 87 names GRID does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Basic Materials: PAVE has 32.3 points more of it.
The figures side by side
| GRID | PAVE | |
|---|---|---|
| Filing date | Jun 30, 2026 | May 31, 2026 |
| Stock positions reported | 120 | 100 |
| Weight of the ten largest | 58.4% | 32.3% |
| Largest position | ETN 8.5% | PWR 4.2% |
| Held alone | 107 positions, 78.7% | 87 positions, 82.7% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In GRID | In PAVE | Counted |
|---|---|---|---|
| PWRQUANTA SERVICES INC | 8.10% | 4.18% | 4.18% |
| ETNEATON CORP PLC | 8.52% | 3.30% | 3.30% |
| HUBBHUBBELL INC | 2.61% | 1.36% | 1.36% |
| MYRGMYR GROUP INC | 0.76% | 0.51% | 0.51% |
| EMREMERSON ELECTRIC COMPANY | 0.31% | 2.64% | 0.31% |
| ATKRATKORE INC | 0.25% | 0.31% | 0.25% |
| MTZMASTEC INC | 0.10% | 1.62% | 0.10% |
| PLPCPREFORMED LINE PRODUCTS COMPANY | 0.07% | 0.41% | 0.07% |
| WCCWESCO INTERNATIONAL INC | 0.06% | 0.95% | 0.06% |
| TRMBTRIMBLE INC | 0.04% | 0.72% | 0.04% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in GRID
Only in PAVE
Questions people ask
Is GRID the same as PAVE?
10.3% of their weight sits in the same 13 holdings. GRID also reports SCHNEIDER ELECTRIC SE, ABB LTD (CH), JCI, which the other does not. PAVE also reports CSX, HWM, TT, which the other does not.
How is the overlap between GRID and PAVE 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 100% of PAVE, so the number cannot exceed the smaller coverage.
Which holds more, PAVE or GRID?
GRID reports 120 stock positions and PAVE reports 100. 78.7% of GRID's weight sits in names PAVE does not hold, and 82.7% of PAVE's weight in names GRID does not hold. The ten largest positions are 58.4% of GRID and 32.3% of PAVE.
How do GRID and PAVE differ by sector?
The widest gap is Basic Materials: PAVE has 32.3 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.
Add a third fund in the tool·All fund pairs
Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.