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FPWR vs JOUL: which is really different?

FPWR and JOUL hold 0% of their weight in the same names. First Trust EIP Power Solutions ETF and Corgi High Voltage Grid Equipment ETF.

57.7%
FPWR in the S&P 500
37.7%
JOUL in the S&P 500
+5.2%
FPWR total return, 1 year
−15.3%
JOUL total return, since launch
FPWR · 1 year to Sep 30, 202642% of its weight is outside the S&P 500
42% of its weight is outside the S&P 50058% of FPWR's weight is in S&P 500 companies and 42% is outside the index58%42%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 97% · top ten 35% of the fund · 60 holdings filed Sep 30, 2026 · Nasdaq-100: 5% in42% of its weight is outside the S&P 50058% of FPWR's weight is in S&P 500 companies and 42% is outside the index58%42%in the S&P 500outsideactive share 97% · top ten 35% of the fund

58% of FPWR's weight is in S&P 500 companies and 42% is outside the index

JOUL · 3 months to Sep 30, 202662% of its weight is outside the S&P 500
62% of its weight is outside the S&P 50038% of JOUL's weight is in S&P 500 companies and 62% is outside the index38%62%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 99% · top ten 66% of the fund · 20 holdings filed Sep 30, 2026 · Nasdaq-100: 0% in62% of its weight is outside the S&P 50038% of JOUL's weight is in S&P 500 companies and 62% is outside the index38%62%in the S&P 500outside the S&P 500active share 99% · top ten 66% of the fund

38% of JOUL's weight is in S&P 500 companies and 62% is outside the index

ETFIQ Off-Index Score · JOUL scores higherHow much of it is not the index it is sold as an alternative to?
0.1, the lowest in this set92.0, the highest

A percentile among the 375 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it → How it is computed →

What they hold in common

By the books each fund has filed, FPWR and JOUL hold 0% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 30, 2026.

half

0% in common

Positions both hold, largest shared weight first
Holding FPWR JOUL
Quanta Services, Inc. 0.54% 5.75%
Only in FPWR
Energy Transfer LP 5.10%
Enterprise Products Partners L.P. 4.75%
National Fuel Gas Company 3.64%
Duke Energy Corporation 3.54%
PPL Corporation 3.34%
US Dollar 3.19%
Kinder Morgan, Inc. 3.10%
WEC Energy Group, Inc. 3.03%
Only in JOUL
Eaton Corp PLC 14.62%
GE Vernova Inc 12.91%
Arcosa Inc 5.50%
nVent Electric PLC 5.33%
Hubbell Inc 4.47%
Valmont Industries Inc 4.43%
Forgent Power Solutions Inc 4.30%
Atkore Inc 4.29%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

0% of the two portfolios are the same securities at the same weight.

Performance, window by window

Total returnvs the S&P 500vs the Nasdaq-100
WindowFPWRJOULFPWRJOULFPWRJOUL
3 months−6.7%−13.6%−9.3 pts−16.1 pts−8.9 pts−15.7 pts
6 months−7.2%not published−24.2 ptsnot published−34.1 ptsnot published
1 year+5.2%not published−10.6 ptsnot published−18.6 ptsnot published
3 years+62.8%not published−22.2 ptsnot published−47.2 ptsnot published
Since launch
FPWR Aug 2019 · JOUL May 2026
+98.7%−15.3%−93.3 pts−19.7 pts−214.9 pts−21.8 pts

FPWR and JOUL over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

FPWR
First Trust EIP Power Solutions ETF · Holds 60 stocks in electrification and the grid, 58% of its weight in S&P 500 companies
JOUL
Corgi High Voltage Grid Equipment ETF · Holds 20 stocks in electrification and the grid, 38% of its weight in S&P 500 companies
Issuer First Trust Corgi
Theme Electrification and the grid Electrification and the grid
In the S&P 500 57.7% 37.7%
Active share vs the S&P 500 97.2% 99.0%
In the Nasdaq-100 5.3% 0.0%
Holdings 60 20
Top ten, share of the fund 35.4% 65.6%
Expense ratio 0.96% 0.35%
Fee for the differing part 0.99% 0.35%
Total return, 1 year +5.2% −15.3% (since launch on May 6, 2026)
vs the S&P 500 −10.6 pts −19.7 pts
vs the Nasdaq-100 −18.6 pts −21.8 pts
Below its high −9.3% −18.3%
Net assets $29m $9m

FPWR and JOUL on the same fields, as of Sep 30, 2026. Source: ETFIQ.

FPWR in plain words

By weight, 58% of FPWR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 97%. The top ten holdings are 35% of the fund across 60 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned +5.2% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 10.6 pts. It sits 9.3% below its all-time high of Apr 30, 2026.

JOUL in plain words

By weight, 38% of JOUL's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 66% of the fund across 20 positions, as published by its issuer for Sep 30, 2026. Since it launched on May 6, 2026 the fund returned −15.3% with distributions reinvested against +4.5% for the S&P 500, so a holder was behind by 19.7 pts. It sits 18.3% below its all-time high of Jun 22, 2026.

Questions people ask

Do FPWR and JOUL hold the same stocks?
By their latest filings, 0% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, FPWR or JOUL?
FPWR has 58% of its weight in S&P 500 names and JOUL has 38%, so JOUL differs more from the index.
Which is cheaper, FPWR or JOUL?
FPWR charges 0.96% a year and JOUL charges 0.35%, so JOUL is cheaper. Fees come from each fund's prospectus.
Other comparisons
FPWR vs ICOPFPWR vs VOLTFPWR vs ZAPFPWR vs COPAJOUL vs COPAJOUL vs GRIDJOUL vs POWJOUL vs POWR
FPWR on its own →JOUL on its own →How every figure is computed →Standards and sources →
Where these figures came from
FPWR filings on SEC EDGAR ↗FPWR prospectus with the expense ratio (SEC) ↗First Trust page for FPWR ↗JOUL filings on SEC EDGAR ↗JOUL prospectus with the expense ratio (SEC) ↗Corgi website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, FPWR against JOUL, data as of Sep 30, 2026. https://etfiq.com/compare/themes/fpwr-vs-joul

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.