GRID vs ICLN: holdings overlap, shared companies and scores
As of September 11, 2026, GRID and ICLN overlap 2.6% by weight. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID): Global smart grid infrastructure. iShares Global Clean Energy ETF (ICLN): Global clean energy stocks.
Updated September 11, 2026
How much do GRID and ICLN overlap?
As of September 11, 2026, GRID and ICLN overlap 2.6% by weight.
3% of GRID is already inside ICLN.
15% of ICLN is already inside GRID.
GRID holds 117 companies and ICLN holds 120; 7 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score GRID and ICLN?
As of September 11, 2026, ETF Copilot scores GRID 4.9 out of 10 and ICLN 3.9 out of 10.
They differ most on Return: GRID 8.7 and ICLN 2.0.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | GRID | ICLN |
|---|---|---|
| Growth | 5.8 | 8.9 |
| Valuation | 1.2 | 3.2 |
| Risk | 4.5 | 1.0 |
| Quality | 2.3 | 3.1 |
| Return | 8.7 | 2.0 |
ICLN is the cheaper of the two at 0.38% a year
As of September 11, 2026, GRID charges 0.56% a year, yields 1.60% and holds $12.1B in assets across 117 positions.
As of September 11, 2026, ICLN charges 0.38% a year, yields 1.68% and holds $2.1B in assets across 120 positions.
| Measure | GRID | ICLN |
|---|---|---|
| Expense ratio | 0.56% | 0.38% |
| Dividend yield | 1.60% | 1.68% |
| Assets under management | $12.1B | $2.1B |
| Holdings | 117 | 120 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Where GRID and ICLN trade against their own history
GRID trades at 29.6 times earnings, against its own median of 23.0, and is more expensive than 93% of its own 114 monthly readings since 2017.
ICLN trades at 22.3 times earnings, against its own median of 16.2, and is more expensive than 86% of its own 114 monthly readings since 2017.
What moved GRID and ICLN this week
GRID rose 1.8% in the week to September 11, 2026. The holdings that moved it most were Eaton (+7.1%), Quanta Services (+4.9%) and Johnson Controls (+2.7%); Nvidia (−4.4%) pushed the other way.
ICLN rose 1.6% in the week to September 11, 2026. The holdings that moved it most were Bloom Energy (+17.1%), Doosan Fuel Cell (+26.5%) and CS Wind (+16.3%); Suzlon Energy (−5.2%) pushed the other way.
What do GRID and ICLN each hold?
What's inside GRID: Tech 11%, Memory 6%.
59% of GRID is its ten largest holdings.
What's inside ICLN: Tech 9%, Semiconductors 2%.
51% of ICLN is its ten largest holdings.
Compare with similar funds
Cite this
ETF Copilot, “GRID vs ICLN holdings overlap and scores”, as of September 11, 2026.
https://etf-copilot.com/compare/grid-vs-icln
- First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID)
- iShares Global Clean Energy ETF (ICLN)
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