Do FPWR and ZAP hold the same stocks?

By their latest filings, 31% 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 ZAP?

FPWR has 58% of its weight in S&P 500 names and ZAP has 76%, so ZAP differs more from the index.

Which is cheaper, FPWR or ZAP?

FPWR charges 0.96% a year and ZAP charges 0.50%, so ZAP is cheaper. Fees come from each fund's prospectus.

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FPWR vs ZAP: which is really different?

FPWR and ZAP hold 31% of their weight in the same names. First Trust EIP Power Solutions ETF and Global X U.S. Electrification ETF.

57.7%

FPWR in the S&P 500

75.5%

ZAP in the S&P 500

+5.2%

FPWR total return, 1 year

+4.9%

ZAP total return, 1 year

FPWR · 1 year to Sep 30, 202642% of its weight is outside the S&P 500

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

ZAP · 1 year to Sep 30, 202625% of its weight is outside the S&P 500

76% of ZAP's weight is in S&P 500 companies and 25% is outside the index

ETFIQ Off-Index Score · ZAP scores higherHow much of it is not the index it is sold as an alternative to?

FPWR 41.3

ZAP 48.1

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 ZAP hold 31% 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.

50%

half

31% in common

Positions both hold, largest shared weight first

Holding FPWR ZAP

Duke Energy Corporation 3.54% 3.92%

Xcel Energy Inc. 2.79% 3.84%

The Southern Company 2.76% 3.85%

Entergy Corporation 2.54% 3.79%

American Electric Power Company, Inc. 2.31% 3.92%

Public Service Enterprise Group Incorporated 2.27% 3.65%

Evergy, Inc. 2.56% 2.02%

FirstEnergy Corp. 2.00% 2.86%

Dominion Energy, Inc. 1.92% 4.27%

Alliant Energy Corporation 2.00% 1.83%

Ameren Corporation 1.79% 3.08%

NextEra Energy, Inc. 1.77% 3.64%

Only in FPWR

Energy Transfer LP 5.10%

Enterprise Products Partners L.P. 4.75%

National Fuel Gas Company 3.64%

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 ZAP

BLOOM ENERGY CORP- A 5.89%

EATON CORP PLC 4.67%

AMETEK INC 4.63%

CONSOLIDATED EDISON INC 4.08%

NATIONAL GRID PLC-SP ADR 3.85%

EXELON CORP 3.79%

EVERSOURCE ENERGY 2.71%

HUBBELL INC 2.67%

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

31% of the two portfolios are the same securities at the same weight.

Performance, window by window

	Total return		vs the S&P 500		vs the Nasdaq-100
Window	FPWR	ZAP	FPWR	ZAP	FPWR	ZAP
3 months	−6.7%	−9.8%	−9.3 pts	−12.3 pts	−8.9 pts	−11.9 pts
6 months	−7.2%	−5.3%	−24.2 pts	−22.3 pts	−34.1 pts	−32.2 pts
1 year	+5.2%	+4.9%	−10.6 pts	−10.8 pts	−18.6 pts	−18.9 pts
3 years	+62.8%	not published	−22.2 pts	not published	−47.2 pts	not published
Since launch FPWR Aug 2019 · ZAP Dec 2024	+98.7%	+30.4%	−93.3 pts	−2.6 pts	−214.9 pts	−14.2 pts

FPWR and ZAP 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

ZAP

Global X U.S. Electrification ETF · Holds 47 stocks in electrification and the grid, 76% of its weight in S&P 500 companies

Issuer First Trust Global X

Theme Electrification and the grid Electrification and the grid

In the S&P 500 57.7% 75.5%

Active share vs the S&P 500 97.2% 97.9%

In the Nasdaq-100 5.3% 15.3%

Holdings 60 47

Top ten, share of the fund 35.4% 43.8%

Expense ratio 0.96% 0.50%

Fee for the differing part 0.99% 0.51%

Total return, 1 year +5.2% +4.9%

vs the S&P 500 −10.6 pts −10.8 pts

vs the Nasdaq-100 −18.6 pts −18.9 pts

Below its high −9.3% −12.6%

Net assets $29m $436m

FPWR and ZAP 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.

ZAP in plain words

By weight, 76% of ZAP'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 44% of the fund across 47 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned +4.9% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 10.8 pts. It sits 12.6% below its all-time high of Jun 25, 2026.

Questions people ask

Do FPWR and ZAP hold the same stocks?: By their latest filings, 31% 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 ZAP?: FPWR has 58% of its weight in S&P 500 names and ZAP has 76%, so ZAP differs more from the index.
Which is cheaper, FPWR or ZAP?: FPWR charges 0.96% a year and ZAP charges 0.50%, so ZAP is cheaper. Fees come from each fund's prospectus.

Other comparisons

FPWR vs VOLT FPWR vs COPP FPWR vs COPX FPWR vs ELFY ZAP vs GRID ZAP vs COPA ZAP vs COPJ ZAP vs COPP

FPWR on its own →ZAP 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 ↗ZAP filings on SEC EDGAR ↗ZAP prospectus with the expense ratio (SEC) ↗Global X page for ZAP ↗

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

Open data

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