Do FPWR and KWH hold the same stocks?

By their latest filings, 22% 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, FPWR or KWH?

FPWR has 57% of its weight in S&P 500 names and KWH has 41%, so FPWR differs more from the index.

Which is cheaper, FPWR or KWH?

FPWR charges 0.96% a year and KWH charges 0.60%, so KWH is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

FPWR vs KWH: Holdings Overlap & Returns

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FPWR and KWH hold 22% of their weight in the same names.

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Net assets: $34m on Nov 3, 2026 for First Trust EIP Power Solutions ETF, and $58m on Aug 31, 2026 for GMO Power Infrastructure ETF.

FPWR on its own →KWH on its own →

At a glance

56.7%

FPWR in the S&P 500

41.4%

KWH in the S&P 500

+14.4%

FPWR total return, 1 year

−6.1%

KWH total return, since launch, Jul 15, 2026

FPWR · 1 year to Nov 4, 2026 43% of its weight is outside the S&P 500

57% of FPWR's weight is in S&P 500 companies and 43% is outside the index. Holdings as of Nov 3, 2026.

KWH · 3 months to Nov 4, 2026 59% of its weight is outside the S&P 500

41% of KWH's weight is in S&P 500 companies and 59% is outside the index. Holdings as of Aug 31, 2026.

Pair scorecard

KWH costs 0.36 points a year less.

FPWR vs KWH: Holdings Overlap & Returns
Measure	FPWR	KWH
Return
Measure	FPWR	KWH
Total return, 1 year	+14.4%	not published
Drawdown
Measure	FPWR	KWH
Below its all-time high		8.5%, high on Aug 17, 2026
Benchmark
Measure	FPWR	KWH
What it tracks	Electrification and the grid	Electrification and the grid
Cost and size
Measure	FPWR	KWH
Expense ratio	0.96%	0.60%
Net assets, FPWR as of Nov 3, 2026 and KWH as of Aug 31, 2026	$34m	$58m
Holdings
Measure	FPWR	KWH
Holdings in common	22%

Method

What they share

22%

By the books each fund has filed, FPWR and KWH hold 22% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

22% in common

Positions both hold · largest shared weight first FPWR KWH

Duke Energy Corporation 3.59% 1.97%

NextEra Energy, Inc. 1.80% 2.52%

Cheniere Energy, Inc. 1.79% 1.68%

American Electric Power Company, Inc. 2.31% 1.63%

Xcel Energy Inc. 2.86% 1.40%

Entergy Corporation 2.55% 1.39%

Kinder Morgan, Inc. 3.09% 1.25%

The Southern Company 2.30% 1.22%

Iberdrola, S.A. (ADR) 1.10% 2.51%

Targa Resources Corp. 1.05% 1.36%

PPL Corporation 3.00% 1.04%

FirstEnergy Corp. 2.00% 1.04%

Only in one fund ↓

Only in FPWR

Enterprise Products Partners L.P. 4.84%

Energy Transfer LP 4.83%

National Fuel Gas Company 3.25%

WEC Energy Group, Inc. 3.17%

IDACORP, Inc. 2.89%

CMS Energy Corporation 2.85%

MPLX LP 2.68%

Cheniere Energy Partners, L.P. 2.56%

Only in KWH

Schneider Electric SE 5.14%

Siemens AG 4.68%

Eaton Corp PLC 3.43%

Trane Technologies PLC 2.69%

Vestas Wind Systems A/S 2.50%

National Grid PLC 2.44%

Contemporary Amperex Technology Co Ltd 2.31%

ABB Ltd 2.20%

Check overlap with more funds →

Window by window

Window by window: FPWR vs KWH: Holdings Overlap & Returns
	Total return
Window	FPWR	KWH
3 months	+2.2%	−6.7%
6 months	+0.3%	–
1 year	+14.4%	–
3 years	+69.4%	–
Since launchNot the same days: FPWR Aug 2019 · KWH Jul 2026	+115.5%	−6.1%

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Side by side

FPWR First Trust EIP Power Solutions ETF · Holds 60 stocks in electrification and the grid, 57% of its weight in S&P 500 companies KWH GMO Power Infrastructure ETF · Holds 74 stocks in electrification and the grid, 41% of its weight in S&P 500 companies

Issuer First Trust GMO

Theme Electrification and the grid Electrification and the grid

In the S&P 500 56.7% 41.4%

Active share vs the S&P 500 97.2% 96.9%

In the Nasdaq-100 5.4% 4.9%

Holdings 60 74

Top ten, share of the fund 34.4% 30.8%

Expense ratio 0.96% 0.60%

Fee for the differing part 0.99% 0.62%

Total return, 1 year +14.4% −6.1% (since launch, Jul 15, 2026)

vs its benchmark not measured not measured

Below its high −1.6% −8.5%

Net assets, FPWR as of Nov 3, 2026 and KWH as of Aug 31, 2026 $34m $58m

As of Nov 4, 2026. Source: ETFIQ.

22% of the two portfolios are the same securities at the same weight.

Alert

About each fund

FPWR

By weight, 57% 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 34% of the fund across 60 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +14.4% with distributions reinvested.

KWH

By weight, 41% of KWH'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 31% of the fund across 74 positions, as filed for Aug 31, 2026. Since it first traded on Jul 15, 2026 the fund returned −6.1% with distributions reinvested. It sits 8.5% below its all-time high of Aug 17, 2026.

Questions people ask

Do FPWR and KWH hold the same stocks?: By their latest filings, 22% 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, FPWR or KWH?: FPWR has 57% of its weight in S&P 500 names and KWH has 41%, so FPWR differs more from the index.
Which is cheaper, FPWR or KWH?: FPWR charges 0.96% a year and KWH charges 0.60%, so KWH is cheaper. Fees come from each fund's prospectus.

Other comparisons

FPWR vs JOUL FPWR vs ZAP FPWR vs POWR FPWR vs VOLT KWH vs POW KWH vs POWR KWH vs TPZ KWH vs TRFM

Where to next

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

Sources and dates

FPWR filings on SEC EDGAR ↗

FPWR prospectus with the expense ratio (SEC) ↗

First Trust page for FPWR ↗

KWH filings on SEC EDGAR ↗

KWH prospectus with the expense ratio (SEC) ↗

GMO 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, FPWR against KWH, data as of Nov 4, 2026. https://etfiq.com/compare/themes/fpwr-vs-kwh

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