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FPWR vs VOLT: which is really different?

FPWR and VOLT hold 20% of their weight in the same names, and VOLT returned +23.6% over the year. First Trust EIP Power Solutions ETF and Tema Electrification ETF.

57.7%
FPWR in the S&P 500
52.8%
VOLT in the S&P 500
+5.2%
FPWR total return, 1 year
+23.6%
VOLT total return, 1 year
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

VOLT · 1 year to Sep 30, 202647% of its weight is outside the S&P 500
47% of its weight is outside the S&P 50053% of VOLT's weight is in S&P 500 companies and 47% is outside the index53%47%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 97% · top ten 55% of the fund · 26 holdings filed Sep 30, 2026 · Nasdaq-100: 7% in47% of its weight is outside the S&P 50053% of VOLT's weight is in S&P 500 companies and 47% is outside the index53%47%in the S&P 500outsideactive share 97% · top ten 55% of the fund

53% of VOLT's weight is in S&P 500 companies and 47% is outside the index

ETFIQ Off-Index Score · FPWR 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 VOLT hold 20% 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

20% in common

Positions both hold, largest shared weight first
Holding FPWR VOLT
Energy Transfer LP 5.10% 5.16%
IDACORP, Inc. 2.84% 4.38%
Entergy Corporation 2.54% 3.60%
American Electric Power Company, Inc. 2.31% 4.87%
Xcel Energy Inc. 2.79% 1.94%
NextEra Energy, Inc. 1.77% 4.93%
OGE Energy Corp. 1.52% 4.48%
The Williams Companies, Inc. 1.00% 2.24%
NiSource Inc. 0.74% 3.00%
Quanta Services, Inc. 0.54% 5.55%
Only in FPWR
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%
MPLX LP 2.87%
Only in VOLT
BEL FUSE INC 6.73%
AMPHENOL CORP 6.70%
EATON CORP PLC 6.36%
POWELL INDUSTRIES INC 5.48%
NVENT ELECTRIC PLC 4.52%
HUBBELL INC 4.47%
BLOOM ENERGY CORP 4.45%
GE VERNOVA INC 4.37%

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

20% 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
WindowFPWRVOLTFPWRVOLTFPWRVOLT
3 months−6.7%−12.3%−9.3 pts−14.8 pts−8.9 pts−14.4 pts
6 months−7.2%+1.8%−24.2 pts−15.2 pts−34.1 pts−25.1 pts
1 year+5.2%+23.6%−10.6 pts+7.9 pts−18.6 pts−0.2 pts
3 years+62.8%not published−22.2 ptsnot published−47.2 ptsnot published
Since launch
FPWR Aug 2019 · VOLT Dec 2024
+98.7%+40.6%−93.3 pts+12.2 pts−214.9 pts−2.2 pts

FPWR and VOLT 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
VOLT
Tema Electrification ETF · Holds 26 stocks in electrification and the grid, 53% of its weight in S&P 500 companies
Issuer First Trust Tema
Theme Electrification and the grid Electrification and the grid
In the S&P 500 57.7% 52.8%
Active share vs the S&P 500 97.2% 96.9%
In the Nasdaq-100 5.3% 6.8%
Holdings 60 26
Top ten, share of the fund 35.4% 54.8%
Expense ratio 0.96% 0.75%
Fee for the differing part 0.99% 0.77%
Total return, 1 year +5.2% +23.6%
vs the S&P 500 −10.6 pts +7.9 pts
vs the Nasdaq-100 −18.6 pts −0.2 pts
Below its high −9.3% −15.7%
Net assets $29m $727m

FPWR and VOLT 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.

VOLT in plain words

By weight, 53% of VOLT'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 55% of the fund across 26 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned +23.6% with distributions reinvested against +15.7% for the S&P 500, so a holder was ahead by 7.9 pts. It sits 15.7% below its all-time high of Jun 22, 2026.

Questions people ask

Do FPWR and VOLT hold the same stocks?
By their latest filings, 20% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, FPWR or VOLT?
FPWR has 58% of its weight in S&P 500 names and VOLT has 53%, so FPWR differs more from the index.
Which is cheaper, FPWR or VOLT?
FPWR charges 0.96% a year and VOLT charges 0.75%, so VOLT is cheaper. Fees come from each fund's prospectus.
Other comparisons
FPWR vs ICOPFPWR vs JOULFPWR vs POWFPWR vs POWRVOLT vs GRIDVOLT vs ZAPVOLT vs COPAVOLT vs COPJ
FPWR on its own →VOLT 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 ↗VOLT filings on SEC EDGAR ↗VOLT prospectus with the expense ratio (SEC) ↗Tema page for VOLT ↗

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 VOLT, data as of Sep 30, 2026. https://etfiq.com/compare/themes/fpwr-vs-volt

Open data

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