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ETF comparison

GRID vs ICLN

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 roughly 2.6% of each dollar exposed to the same underlying securities.

GRID unmatched 97.2% Shared 2.6% ICLN unmatched 96.3%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In GRID only
115 positions
Shared
7 positions
In ICLN only
97 positions

Side by side

GRID

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

First Trust · Thematic

62 composite / 100
Expense ratio
0.56%
Net assets
$11.87B
TTM yield
0.95%
Top-10 conc.
58.4%
ICLN

iShares Global Clean Energy ETF

iShares · Thematic

64 composite / 100
Expense ratio
0.38%
Net assets
$2.23B
TTM yield
1.15%
Top-10 conc.
49.2%

Sub-score comparison

44
Cost
62
76
Tax efficiency
76
100
Liquidity
72
31
Concentration
44
—
Tracking quality
—
GRID sub-score ICLN

Tracking quality isn't part of the composite — see what we don't score for 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 the cost calculator pre-filled with GRID vs ICLN.

Top shared holdings

7 shared in total
# Holding In GRID In ICLN Overlap
1 EQUATORIAL SA 0.96% 3.30% 0.96%
2 ENPHASE ENERGY INC 0.58% 4.59% 0.58%
3 ENERGISA SA 0.40% 1.44% 0.40%
4 SOLAREDGE TECHNOLOGIES INC 0.36% 2.33% 0.36%
5 SMA SOLAR TECHNOLOGY AG 0.16% 0.36% 0.16%
6 EDP SA 0.05% 2.70% 0.05%
7 VERBUND AG 0.03% 0.58% 0.03%

Only in GRID

115 total
  • EATON CORP PLC 8.52%
  • SCHNEIDER ELECTRIC SE 8.29%
  • ABB LTD (CH) 8.11%
  • QUANTA SERVICES INC 8.10%
  • JOHNSON CONTROLS INTERNATIONAL PLC 7.99%
  • NATIONAL GRID PLC 4.11%
  • E.ON SE 3.88%
  • PRYSMIAN SPA 3.87%
  • NVENT ELECTRIC PLC 2.87%
  • HUBBELL INC 2.61%

Only in ICLN

97 total
  • FIRST SOLAR, INC. 8.06%
  • China Yangtze Power Co., Ltd. 7.83%
  • NEXTPOWER INC. 7.01%
  • BLOOM ENERGY CORPORATION 6.93%
  • VESTAS WIND SYSTEMS A/S 3.63%
  • PLUG POWER INC. 2.67%
  • Chubu Electric Power Company, Incorporated 2.52%
  • ENLIGHT RENEWABLE ENERGY LTD 2.20%
  • SUZLON ENERGY LIMITED 2.03%
  • CLEARWAY ENERGY, INC. 1.92%

Related comparisons

More comparisons with GRID

More comparisons with ICLN

Percentages are holdings overlap with the named fund.

Open GRID or ICLN at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

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