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ETF comparison

GRID vs PHO

Both Thematic.

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund · Invesco Water Resources ETF

Holdings overlap

Weighted by ISIN/CUSIP
0.4 %

3 positions appear in both funds. Buying equal dollars of GRID and PHO would leave roughly 0.4% of each dollar exposed to the same underlying securities.

GRID unmatched 99.4% Shared 0.4% PHO unmatched 99.7%

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
119 positions
Shared
3 positions
In PHO only
38 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%
PHO

Invesco Water Resources ETF

Invesco · Thematic

54 composite / 100
Expense ratio
0.59%
Net assets
$1.89B
TTM yield
0.52%
Top-10 conc.
57.5%

Sub-score comparison

44
Cost
41
76
Tax efficiency
77
100
Liquidity
69
31
Concentration
32
—
Tracking quality
—
GRID sub-score PHO

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

GRID is 3 bps cheaper than PHO. On a $100,000 position that's about $30/yr more in fees for PHO.

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 PHO.

Top shared holdings

3 shared in total
# Holding In GRID In PHO Overlap
1 ITRON INC 0.34% 2.06% 0.34%
2 VALMONT INDUSTRIES INC 0.04% 1.89% 0.04%
3 TRIMBLE INC 0.04% 2.89% 0.04%

Only in GRID

119 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 PHO

38 total
  • Roper Technologies, Inc. 9.12%
  • Ecolab Inc. 8.21%
  • Ferguson Enterprises Inc. 6.89%
  • Waters Corp. 6.74%
  • IDEXX Laboratories, Inc. 6.47%
  • Veralto Corp. 4.34%
  • American Water Works Co., Inc. 4.12%
  • Xylem Inc. 4.04%
  • Agilent Technologies, Inc. 3.87%
  • IDEX Corp. 3.67%

Percentages are holdings overlap with the named fund.

Open GRID or PHO 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 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.