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ETF comparison

GRID vs TAN

Both Thematic.

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

Holdings overlap

Weighted by ISIN/CUSIP
1.1 %

3 positions appear in both funds. Buying equal dollars of GRID and TAN would leave roughly 1.1% of each dollar exposed to the same underlying securities.

GRID unmatched 98.7% Shared 1.1% TAN unmatched 99.0%

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 TAN only
29 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%
TAN

Invesco Solar ETF

Invesco · Thematic

44 composite / 100
Expense ratio
0.70%
Net assets
$899.6M
TTM yield
0.00%
Top-10 conc.
65.2%

Sub-score comparison

44
Cost
30
76
Tax efficiency
78
100
Liquidity
55
31
Concentration
21
—
Tracking quality
—
GRID sub-score TAN

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

Cost difference

GRID is 14 bps cheaper than TAN. On a $100,000 position that's about $140/yr more in fees for TAN.

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 TAN.

Top shared holdings

3 shared in total
# Holding In GRID In TAN Overlap
1 ENPHASE ENERGY INC 0.58% 8.75% 0.58%
2 SOLAREDGE TECHNOLOGIES INC 0.36% 6.32% 0.36%
3 SMA SOLAR TECHNOLOGY AG 0.16% 2.13% 0.16%

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 TAN

29 total
  • First Solar, Inc. 11.74%
  • Nextpower Inc. 9.81%
  • Enlight Renewable Energy Ltd. 7.58%
  • Doral Group Renewable Energy Resources Ltd. 5.09%
  • Sunrun Inc. 4.83%
  • O.Y. Nofar Energy Ltd. 4.22%
  • HA Sustainable Infrastructure Capital, Inc. 3.46%
  • Shoals Technologies Group, Inc. 3.39%
  • Solaria Energia y Medio Ambiente, S.A. 3.07%
  • GCL-Poly Energy Holdings Ltd. 3.00%

Percentages are holdings overlap with the named fund.

Open GRID or TAN 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.