ETF comparison

GRIDvsICLN

Both Thematic.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund · iShares Global Clean Energy ETF

Holdings overlap

Weighted by ISIN/CUSIP
2.6%

7 positions appear in both funds. Buying equal dollars of GRID and ICLN would leave roughly2.6%of each dollar exposed to the same underlying securities.

GRID only 97.2%Shared 2.6%ICLN only 96.3%
In GRID only
115 positions
Shared
7 positions
In ICLN only
98 positions

Side by side

GRID

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

First Trust · Thematic

63composite / 100
Expense ratio
0.56%
Net assets
$11.84B
TTM yield
0.81%
Top-10 conc.
58.4%
ICLN

iShares Global Clean Energy ETF

iShares · Thematic

64composite / 100
Expense ratio
0.38%
Net assets
$2.18B
TTM yield
1.03%
Top-10 conc.
51.4%

Sub-score comparison

44
Cost
62
76
Tax efficiency
76
100
Liquidity
71
31
Concentration
41
Tracking quality
GRIDsub-scoreICLN

Tracking quality isn't part of the composite — seewhat we don't scorefor why.

Cost difference

ICLN is 18 bps cheaper than GRID. On a $100,000 position that's about $180/yr more in fees for GRID.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open thecost calculator pre-filled with GRID vs ICLN.

Top shared holdings

7 shared in total
#HoldingIn GRIDIn ICLNOverlap
1EQUATORIAL SA0.96%2.88%0.96%
2ENPHASE ENERGY INC0.58%3.24%0.58%
3ENERGISA SA0.40%1.34%0.40%
4SOLAREDGE TECHNOLOGIES INC0.36%1.92%0.36%
5SMA SOLAR TECHNOLOGY AG0.16%0.26%0.16%
6EDP SA0.05%2.33%0.05%
7VERBUND AG0.03%0.50%0.03%

Only in GRID

115 total
  • EATON CORP PLC8.52%
  • SCHNEIDER ELECTRIC SE8.29%
  • ABB LTD (CH)8.11%
  • QUANTA SERVICES INC8.10%
  • JOHNSON CONTROLS INTERNATIONAL PLC7.99%
  • NATIONAL GRID PLC4.11%
  • E.ON SE3.88%
  • PRYSMIAN SPA3.87%
  • NVENT ELECTRIC PLC2.87%
  • HUBBELL INC2.61%

Only in ICLN

98 total
  • BLOOM ENERGY CORPORATION13.70%
  • NEXTPOWER INC.7.26%
  • FIRST SOLAR, INC.7.14%
  • China Yangtze Power Co., Ltd.5.88%
  • VESTAS WIND SYSTEMS A/S3.36%
  • PLUG POWER INC.3.27%
  • SUZLON ENERGY LIMITED2.37%
  • Chubu Electric Power Company, Incorporated2.01%
  • CLEARWAY ENERGY, INC.1.88%
  • Oersted A/S1.83%

Open GRID or ICLN at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodologyand funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see/methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.