GRID vs ICLN: holdings overlap, shared companies and scores
As of October 28, 2026, GRID and ICLN overlap 3.2% 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 October 28, 2026
Where GRID and ICLN trade against their own history
GRID trades at 27.4 times earnings, against its own median of 22.9, and is more expensive than 84% of its own last 9 years.
ICLN trades at 18.7 times earnings, against its own median of 17.7, and is more expensive than 57% of its own last 9 years.
What moved GRID and ICLN this week
GRID fell 0.6% in the week to October 28, 2026. The holdings that moved it most were Equatorial Energia (−34.0%), CIA Paranaense de Energia (−20.2%) and Schneider Electric (−2.0%); Johnson Controls (+4.2%) pushed the other way.
ICLN fell 4.5% in the week to October 28, 2026. The holdings that moved it most were Axia Energia (−22.4%), Equatorial Energia (−34.0%) and Enphase Energy (−21.9%); Iberdrola (+1.4%) pushed the other way.
What do GRID and ICLN each hold?
What's inside GRID: Tech 12%, Memory 6%.
57% of GRID is its ten largest holdings.
What's inside ICLN: Tech 2%, Semiconductors 1%.
52% of ICLN is its ten largest holdings.
How much do GRID and ICLN overlap? 3.2% by weight
As of October 28, 2026, GRID and ICLN overlap 3.2% by weight.
3% of GRID is already inside ICLN.
22% of ICLN is already inside GRID.
GRID holds 121 companies and ICLN holds 122; 9 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? 5.2 and 2.2 out of 10
As of October 28, 2026, ETF Copilot scores GRID 5.2 out of 10 and ICLN 2.2 out of 10.
They differ most on Return: GRID 7.9 and ICLN 1.1.
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 | 7.5 | 1.3 |
| Value | 1.2 | 5.1 |
| Risk | 3.2 | 1.1 |
| Quality | 3.9 | 3.0 |
| Return | 7.9 | 1.1 |
ICLN is the cheaper of the two at 0.38% a year
As of October 28, 2026, GRID charges 0.56% a year, yields 0.91% and holds $11.4B in assets across 121 positions.
As of October 28, 2026, ICLN charges 0.38% a year, yields 1.20% and holds $2.0B in assets across 122 positions.
| Measure | GRID | ICLN |
|---|---|---|
| Expense ratio | 0.56% | 0.38% |
| Dividend yield | 0.91% | 1.20% |
| Assets under management | $11.4B | $2.0B |
| Holdings | 121 | 122 |
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.
Compare with similar funds
Cite this
ETF Copilot, “GRID vs ICLN holdings overlap and scores”, as of October 28, 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)
ETF Copilot Pro unlocks GRID vs ICLN prices and holdings.
Try Pro free →