Do JOUL and TRFM hold the same stocks?

By their latest filings, 1% 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, JOUL or TRFM?

JOUL has 38% of its weight in S&P 500 names and TRFM has 47%, so JOUL differs more from the index.

Which is cheaper, JOUL or TRFM?

JOUL charges 0.35% a year and TRFM charges 0.49%, so JOUL is cheaper. Fees come from each fund's prospectus.

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JOUL vs TRFM: which is really different?

JOUL and TRFM hold 1% of their weight in the same names. Corgi High Voltage Grid Equipment ETF and AAM Transformers ETF.

37.7%

JOUL in the S&P 500

46.8%

TRFM in the S&P 500

−15.3%

JOUL total return, since launch

+22.2%

TRFM total return, 1 year

JOUL · 3 months to Sep 30, 202662% of its weight is outside the S&P 500

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

TRFM · 1 year to Sep 30, 202653% of its weight is outside the S&P 500

47% of TRFM's weight is in S&P 500 companies and 53% 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?

JOUL 62.3

TRFM 9.6

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, JOUL and TRFM hold 1% 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 Apr 30, 2026 and Sep 30, 2026.

50%

half

1% in common

Positions both hold, largest shared weight first

Holding JOUL TRFM

GE Vernova Inc 12.91% 0.85%

Eaton Corp PLC 14.62% 0.43%

nVent Electric PLC 5.33% 0.35%

Advanced Energy Industries Inc 4.04% 0.26%

Atkore Inc 4.29% 0.25%

Only in JOUL

Quanta Services Inc 5.75%

Arcosa Inc 5.50%

Hubbell Inc 4.47%

Valmont Industries Inc 4.43%

Forgent Power Solutions Inc 4.30%

ESCO Technologies Inc 3.92%

MYR Group Inc 3.83%

Itron Inc 3.77%

Only in TRFM

Advanced Micro Devices Inc 1.14%

Bloom Energy Corp 1.14%

Sandisk Corp/DE 1.13%

Seagate Technology Holdings PL 1.03%

Marvell Technology Inc 1.00%

Ciena Corp 0.97%

Western Digital Corp 0.96%

Texas Instruments Inc 0.90%

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

1% 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	JOUL	TRFM	JOUL	TRFM	JOUL	TRFM
3 months	−13.6%	−5.0%	−16.1 pts	−7.5 pts	−15.7 pts	−7.2 pts
6 months	not published	+24.8%	not published	+7.8 pts	not published	−2.1 pts
1 year	not published	+22.2%	not published	+6.5 pts	not published	−1.6 pts
3 years	not published	+119.6%	not published	+34.6 pts	not published	+9.6 pts
Since launch JOUL May 2026 · TRFM Jul 2022	−15.3%	+150.8%	−19.7 pts	+39.0 pts	−21.8 pts	−14.3 pts

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

On the same fields

JOUL

Corgi High Voltage Grid Equipment ETF · Holds 20 stocks in electrification and the grid, 38% of its weight in S&P 500 companies

TRFM

AAM Transformers ETF · Holds 310 stocks in electrification and the grid, 47% of its weight in S&P 500 companies

Issuer Corgi AAM

Theme Electrification and the grid Electrification and the grid

In the S&P 500 37.7% 46.8%

Active share vs the S&P 500 99.0% 79.2%

In the Nasdaq-100 0.0% 27.5%

Holdings 20 310

Top ten, share of the fund 65.6% 8.1%

Expense ratio 0.35% 0.49%

Fee for the differing part 0.35% 0.62%

Total return, 1 year −15.3% (since launch on May 6, 2026) +22.2%

vs the S&P 500 −19.7 pts +6.5 pts

vs the Nasdaq-100 −21.8 pts −1.6 pts

Below its high −18.3% −6.4%

Net assets $9m $248m

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

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.

TRFM in plain words

By weight, 47% of TRFM's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 79%. The top ten holdings are 8% of the fund across 310 positions, as filed for Apr 30, 2026. Over the year to Sep 30, 2026 the fund returned +22.2% with distributions reinvested against +15.7% for the S&P 500, so a holder was ahead by 6.5 pts. It sits 6.4% below its all-time high of Jun 30, 2026.

Questions people ask

Do JOUL and TRFM hold the same stocks?: By their latest filings, 1% 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, JOUL or TRFM?: JOUL has 38% of its weight in S&P 500 names and TRFM has 47%, so JOUL differs more from the index.
Which is cheaper, JOUL or TRFM?: JOUL charges 0.35% a year and TRFM charges 0.49%, so JOUL is cheaper. Fees come from each fund's prospectus.

Other comparisons

JOUL vs GRID JOUL vs POW JOUL vs POWR JOUL vs VOLT TRFM vs COPA TRFM vs COPJ TRFM vs COPP TRFM vs COPX

JOUL on its own →TRFM on its own →How every figure is computed →Standards and sources →

Where these figures came from

JOUL filings on SEC EDGAR ↗JOUL prospectus with the expense ratio (SEC) ↗Corgi website ↗TRFM filings on SEC EDGAR ↗TRFM prospectus with the expense ratio (SEC) ↗AAM 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, JOUL against TRFM, data as of Sep 30, 2026. https://etfiq.com/compare/themes/joul-vs-trfm

Open data

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