Do ELFY and TPZ hold the same stocks?

By their latest filings, 18% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, ELFY or TPZ?

ELFY has 48% of its weight in S&P 500 names and TPZ has 55%, so TPZ differs more from the index.

Which is cheaper, ELFY or TPZ?

ELFY charges 0.50% a year and TPZ charges 0.85%, so ELFY is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Thematic ETFs

ELFY vs TPZ: Holdings Overlap & Returns

Share on X Download as PDF

Over the year to Oct 28, 2026, ELFY returned +4.8% to TPZ's +3.7%; 18% of their weight is in the same names.

askIQ about this page

askIQ about ELFY and TPZ

Net assets on May 31, 2026: $203m for ALPS Electrification Infrastructure ETF and $129m for Tortoise Electrification Infrastructure ETF.

ELFY on its own →TPZ on its own →

At a glance

47.9%

ELFY in the S&P 500

54.6%

TPZ in the S&P 500

+4.8%

ELFY total return, 1 year

+3.7%

TPZ total return, 1 year

ELFY · 1 year to Oct 28, 2026 52% of its weight is outside the S&P 500

48% of ELFY's weight is in S&P 500 companies and 52% is outside the index. Holdings as of May 31, 2026.

TPZ · 1 year to Oct 28, 2026 45% of its weight is outside the S&P 500

55% of TPZ's weight is in S&P 500 companies and 45% is outside the index. Holdings as of May 31, 2026.

Pair scorecard

ELFY costs 0.35 points a year less; their one-year returns differ by 1.1 points; ELFY is 1.6 times larger.

ELFY vs TPZ: Holdings Overlap & Returns
Measure	ELFY	TPZ
Return
Measure	ELFY	TPZ
Total return, 1 year	+4.8%	+3.7%
Drawdown
Measure	ELFY	TPZ
Below its all-time high	15.8%, high on Jun 2, 2026	6.3%, high on Apr 30, 2026
Benchmark
Measure	ELFY	TPZ
What it tracks	Electrification and the grid	Electrification and the grid
Cost and size
Measure	ELFY	TPZ
Expense ratio	0.50%	0.85%
Net assets, as of May 31, 2026	$203m	$129m
Holdings
Measure	ELFY	TPZ
Holdings in common	18%

Holdings in common uses holdings dated May 31, 2026. Method

Risk and return

Apr 17, 2025 to Oct 23, 2026 · 79 weekly returns

ELFY TPZ

Return

Total return edge ELFY +39.0% +13.4%

Annualized edge ELFY +24.2% +8.6%

Price return edge ELFY +36.9% +7.0%

Risk

Volatility edge TPZ 15.8% 13.6%

Max drawdown edge TPZ −17.4% −9.6%

Risk-adjusted

Sharpe edge ELFY 1.20 0.39

Sortino edge ELFY 1.91 0.59

Calmar edge ELFY 1.40 0.90

Reading

ELFY returned more: +39.0% to +13.4%. TPZ swung less: 13.6% to 15.8%. TPZ fell less at its worst: −9.6% to −17.4%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: ELFY vs TPZ: Holdings Overlap & Returns
Measure	ELFY	TPZ	Edge	How it is measured
Return
Total return	+39.0%	+13.4%	ELFY	Price change plus distributions, reinvested.
Annualized	+24.2%	+8.6%	ELFY	Total return as a yearly rate.
Price return	+36.9%	+7.0%	ELFY	Price change alone, distributions left out.
Risk
Volatility	15.8%	13.6%	TPZ	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	10.0%	8.9%	TPZ	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−17.4%	−9.6%	TPZ	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	1.20	0.39	ELFY	Return above Treasury bills per unit of volatility.
Sortino	1.91	0.59	ELFY	Return above Treasury bills per unit of downside deviation.
Calmar	1.40	0.90	ELFY	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 79 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

18%

By the books each fund has filed, ELFY and TPZ hold 18% of their money in the same securities at the same weight. Holdings dated May 31, 2026.

50%

0 half 100%

half

18% in common

Positions both hold · largest shared weight first ELFY TPZ

Talen Energy Corp 1.02% 1.19%

Quanta Services Inc 1.02% 0.95%

Mastec Inc 1.05% 0.92%

Vertiv Holdings Co 0.98% 0.89%

Targa Resources Corp 0.87% 5.64%

Tc Energy Corp 0.87% 5.28%

Entergy Corp 0.86% 5.87%

Dt Midstream Inc 0.85% 3.65%

Enbridge Inc 0.84% 2.31%

Vistra Corp 0.82% 3.97%

Nisource Inc 0.81% 2.85%

Oneok Inc 0.81% 3.52%

Only in one fund ↓

Only in ELFY

Sterling Infrastructure Inc 1.74%

Vicor Corp 1.65%

Bloom Energy Corp 1.48%

Powell Industries Inc 1.36%

Enphase Energy Inc 1.32%

Ies Holdings Inc 1.27%

First Solar Inc 1.27%

Nvent Electric Plc 1.27%

Only in TPZ

Energy Transfer LP 7.22%

Clearway Energy Inc 5.60%

MPLX LP 4.43%

Enterprise Products Partners L 3.19%

Western Midstream Partners LP 1.41%

Rockpoint Gas Storage Inc 1.12%

Hess Midstream LP 1.10%

Solaris Energy Infrastructure 0.86%

Check overlap with more funds →

Window by window

Window by window: ELFY vs TPZ: Holdings Overlap & Returns
	Total return
Window	ELFY	TPZ
3 months	−2.5%	+0.3%
6 months	−9.1%	−3.5%
1 year	+4.8%	+3.7%
Since launchNot the same days: ELFY Apr 2025 · TPZ Dec 2024	+48.6%	+12.6%

Open this comparison in the app →

Side by side

ELFY ALPS Electrification Infrastructure ETF · Holds 108 stocks in electrification and the grid, 48% of its weight in S&P 500 companies TPZ Tortoise Electrification Infrastructure ETF · Holds 31 stocks in electrification and the grid, 55% of its weight in S&P 500 companies

Issuer ALPS Tortoise

Theme Electrification and the grid Electrification and the grid

In the S&P 500 47.9% 54.6%

Active share vs the S&P 500 94.6% 98.3%

In the Nasdaq-100 3.1% 7.0%

Holdings 108 31

Top ten, share of the fund 13.8% 52.7%

Expense ratio 0.50% 0.85%

Fee for the differing part 0.53% 0.86%

Total return, 1 year +4.8% +3.7%

vs its benchmark not measured not measured

Below its high −15.8% −6.3%

Net assets, as of May 31, 2026 $203m $129m

As of Oct 28, 2026. Source: ETFIQ.

18% of the two portfolios are the same securities at the same weight.

Client brief · page 1 of 2 Report BR-2D78A6CDE5

ELFY and TPZ are built for the same job. How do they differ in cost, holdings and results?

Concentration. The top ten holdings are 13.8% of ELFY and 52.7% of TPZ, a gap of 38.9 points.
Holdings in common. 18% of the weight is in the same securities (holdings dated May 31, 2026).
Cost. ELFY charges 0.50% of assets a year and TPZ 0.85%, a gap of 0.35 points.

Data as of Oct 28, 2026.

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Your saved page · Privacy.

Alert

About each fund

ELFY

By weight, 48% of ELFY's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 95%. The top ten holdings are 14% of the fund across 108 positions, as filed for May 31, 2026. Over the year to Oct 28, 2026 the fund returned +4.8% with distributions reinvested. It sits 15.8% below its all-time high of Jun 2, 2026.

TPZ

By weight, 55% of TPZ's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 53% of the fund across 31 positions, as filed for May 31, 2026. Over the year to Oct 28, 2026 the fund returned +3.7% with distributions reinvested. It sits 6.3% below its all-time high of Apr 30, 2026.

Questions people ask

Do ELFY and TPZ hold the same stocks?: By their latest filings, 18% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, ELFY or TPZ?: ELFY has 48% of its weight in S&P 500 names and TPZ has 55%, so TPZ differs more from the index.
Which is cheaper, ELFY or TPZ?: ELFY charges 0.50% a year and TPZ charges 0.85%, so ELFY is cheaper. Fees come from each fund's prospectus.

Other comparisons

ELFY vs POWR ELFY vs JOUL ELFY vs GRID ELFY vs TRFM TPZ vs TRFM TPZ vs ZAP TPZ vs VOLT TPZ vs FPWR

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →ELFY on its own →TPZ on its own →ELFY dividend history →ELFY holdings →TPZ dividend history →TPZ holdings →Method →Standards and sources →

Sources and dates

ELFY filings on SEC EDGAR ↗

ELFY prospectus with the expense ratio (SEC) ↗

ALPS website ↗

TPZ filings on SEC EDGAR ↗

TPZ prospectus with the expense ratio (SEC) ↗

Tortoise website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, ELFY against TPZ, data as of Oct 28, 2026. https://etfiq.com/compare/themes/elfy-vs-tpz

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.