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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 %

2 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 only 99.5% Shared 0.4% PHO only 99.6%
In GRID only
119 positions
Shared
2 positions
In PHO only
35 positions

Side by side

GRID

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

First Trust · Thematic

63 composite / 100
Expense ratio
0.56%
Net assets
$12.08B
TTM yield
0.78%
Top-10 conc.
56.5%
PHO

Invesco Water Resources ETF

Invesco · Thematic

53 composite / 100
Expense ratio
0.59%
Net assets
$1.99B
TTM yield
0.59%
Top-10 conc.
59.9%

Sub-score comparison

44
Cost
41
76
Tax efficiency
77
100
Liquidity
70
34
Concentration
29
—
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

2 shared in total
# Holding In GRID In PHO Overlap
1 Itron, Inc. 0.39% 2.70% 0.39%
2 Valmont Industries, Inc. 0.03% 2.58% 0.03%

Only in GRID

119 total
  • Eaton Corporation PLC 8.28%
  • Johnson Controls International PLC 7.90%
  • National Grid PLC 7.86%
  • ABB Ltd. 7.58%
  • Schneider Electric SE 7.26%
  • Prysmian S.p.A. 4.25%
  • Quanta Services, Inc. 4.24%
  • E.ON SE 4.10%
  • Hubbell Incorporated 2.87%
  • NVIDIA Corp. 2.14%

Only in PHO

35 total
  • Ferguson Enterprises Inc. 8.68%
  • Roper Technologies, Inc. 8.57%
  • Waters Corp. 8.18%
  • Ecolab Inc. 7.14%
  • American Water Works Co., Inc. 6.95%
  • IDEX Corp. 4.39%
  • Mueller Industries, Inc. 4.37%
  • Core & Main, Inc. 3.93%
  • Xylem Inc. 3.85%
  • Veralto Corp. 3.83%

Open GRID or PHO 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.