{"url":"https://etfiq.com/compare/themes/joul-vs-trfm","section":"compare","title":"JOUL vs TRFM: which is really different? | ETFIQ","description":"37.7% of JOUL and 46.8% of TRFM is already in the S&P 500 by weight, as filed, and 1% of the two books are the same names at the same weight.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Do JOUL and TRFM hold the same stocks?","acceptedAnswer":{"@type":"Answer","text":"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."}},{"@type":"Question","name":"Which is more different from the S&P 500, JOUL or TRFM?","acceptedAnswer":{"@type":"Answer","text":"JOUL has 38% of its weight in S&P 500 names and TRFM has 47%, so JOUL differs more from the index."}},{"@type":"Question","name":"Which is cheaper, JOUL or TRFM?","acceptedAnswer":{"@type":"Answer","text":"JOUL charges 0.35% a year and TRFM charges 0.49%, so JOUL is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Thematic ETFs","item":"https://etfiq.com/themes/"},{"@type":"ListItem","position":3,"name":"JOUL vs TRFM","item":"https://etfiq.com/compare/themes/joul-vs-trfm"}]},{"@type":"WebPage","name":"JOUL vs TRFM: which is really different?","description":"37.7% of JOUL and 46.8% of TRFM is already in the S&P 500 by weight, as filed, and 1% of the two books are the same names at the same weight. Returns and overlap to Sep 30, 2026.","url":"https://etfiq.com/compare/themes/joul-vs-trfm","dateModified":"2026-09-30","abstract":"JOUL and TRFM hold 1% of their weight in the same names.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of JOUL and TRFM","description":"37.7% of JOUL and 46.8% of TRFM is already in the S&P 500 by weight, as filed, and 1% of the two books are the same names at the same weight. Returns and overlap to Sep 30, 2026.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/themes/joul-vs-trfm","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/thematic.json"}],"variableMeasured":["Weight overlap with the S&P 500","Active share","Holdings","Top ten share of the fund","Total return","Fee for the differing part","Expense ratio"],"keywords":["exchange-traded funds","ETF","Thematic ETFs","fund data","SEC filings"]}],"characters":6843,"truncated":true,"content":"ETFIQ / Thematic ETFs / Head to head / JOUL vs TRFM \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n JOUL vs TRFM: which is really different?\n\n JOUL and TRFM hold 1% of their weight in the same names.\n Copy this for sharing \n \n Corgi High Voltage Grid Equipment ETF and AAM Transformers ETF.\n\n Download as PDF \n\n 37.7% JOUL in the S&P 500 \n 46.8% TRFM in the S&P 500 \n \u221215.3% JOUL total return, since launch \n +22.2% TRFM total return, 1 year \n\n ETFIQ Off-Index Score: JOUL scores higher\n How much of it is not the index it is sold as an alternative to?\n [JOUL scores 62.3 and ","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/themes/joul-vs-trfm","a":{"ticker":"JOUL","name":"Corgi High Voltage Grid Equipment ETF","issuer":"Corgi","desk":"themes","as_of":"2026-09-30","verdict":"JOUL holds 20 stocks, and 62% of its weight is outside the S&P 500.","url":"https://etfiq.com/funds/joul","key_facts":[{"label":"Already in the S&P 500","value":"37.7%","as_of":"2026-09-30","source":null},{"label":"Active share vs the S&P 500","value":"99.0%","as_of":"2026-09-30","source":null},{"label":"Top ten holdings","value":"65.6%","as_of":"2026-09-30","source":null},{"label":"Total return, since launch","value":"\u221215.3%","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$9m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.35%","as_of":"2026-09-30","source":"485BPOS XBRL, Apr 30, 2026"}]},"b":{"ticker":"TRFM","name":"AAM Transformers ETF","issuer":"AAM","desk":"themes","as_of":"2026-09-30","verdict":"TRFM holds 310 stocks, and 53% of its weight is outside the S&P 500.","url":"https://etfiq.com/funds/trfm","key_facts":[{"label":"Already in the S&P 500","value":"46.8%","as_of":"2026-09-30","source":null},{"label":"Active share vs the S&P 500","value":"79.2%","as_of":"2026-09-30","source":null},{"label":"Top ten holdings","value":"8.1%","as_of":"2026-09-30","source":null},{"label":"Total return, 1 year","value":"+22.2%","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$248m","as_of":"2026-09-30","source":"SEC filing, whole fund, as filed for Jul 31, 2026"},{"label":"Expense ratio","value":"0.49%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 27, 2026"}]},"overlap_pct":1,"full_text_at":"https://etfiq.com/compare/themes/joul-vs-trfm"}