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Data as of Nov 4, 2026.

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Thematic ETFs

KWH vs POW: Holdings Overlap & Returns

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KWH and POW hold 29% of their weight in the same names.

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Net assets: $58m on Aug 31, 2026 for GMO Power Infrastructure ETF, and $59m on Nov 4, 2026 for VistaShares Electrification Supercycle ETF.

KWH on its own →POW on its own →
At a glance
41.4%
KWH in the S&P 500
35.4%
POW in the S&P 500
−6.1%
KWH total return, since launch, Jul 15, 2026
+9.1%
POW total return, 1 year
KWH · 3 months to Nov 4, 2026 59% of its weight is outside the S&P 500
59% of its weight is outside the S&P 50041% of KWH's weight is in S&P 500 companies and 59% is outside the index. Holdings as of Aug 31, 2026.41%59%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 97% · top ten 31% of the fund · 74 holdings as filed for Aug 31, 2026 · Nasdaq-100: 5% in59% of its weight is outside the S&P 50041% of KWH's weight is in S&P 500 companies and 59% is outside the index. Holdings as of Aug 31, 2026.41%59%in the S&P 500outside the S&P 500active share 97% · Nasdaq-100: 5% in

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

POW · 1 year to Nov 4, 2026 65% of its weight is outside the S&P 500
65% of its weight is outside the S&P 50035% of POW's weight is in S&P 500 companies and 65% is outside the index. Holdings as of Nov 4, 2026.35%65%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 98% · top ten 39% of the fund · 50 holdings as published by its issuer for Nov 4, 2026 · Nasdaq-100: 9% in65% of its weight is outside the S&P 50035% of POW's weight is in S&P 500 companies and 65% is outside the index. Holdings as of Nov 4, 2026.35%65%inoutside the S&P 500active share 98% · Nasdaq-100: 9% in

35% of POW's weight is in S&P 500 companies and 65% is outside the index. Holdings as of Nov 4, 2026.

Pair scorecard

KWH costs 0.15 points a year less.

Points (pts) are percentage points.

KWH vs POW: Holdings Overlap & Returns
MeasureKWHPOW
Return
Total return, 1 yearnot published+9.1%
Drawdown
Below its all-time high8.5%, high on Aug 17, 202633.8%, high on May 11, 2026
Against its benchmark
What it tracksElectrification and the gridElectrification and the grid
Against the S&P 500, 1 yearbehind by 5.7 pts
Its benchmark, total return, 1 year+14.8%
Against its benchmark, 1 yearbehind by 5.7 pts
Cost and size
Expense ratio0.60%0.75%
Net assets, KWH as of Aug 31, 2026 and POW as of Nov 4, 2026$58m$59m
Holdings
Holdings in common29%

Method

What they share

29%

By the books each fund has filed, KWH and POW hold 29% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 4, 2026.

0 half 100%

half

29% in common

Positions both hold · largest shared weight first KWH POW
Eaton Corp PLC 3.43% 4.68%
NextEra Energy Inc 2.52% 2.78%
ABB Ltd 2.20% 2.09%
Enel SpA 2.52% 1.70%
Exelon Corp 1.84% 1.66%
American Electric Power Co Inc 1.63% 3.42%
National Grid PLC 2.44% 1.48%
Hubbell Inc 1.46% 3.33%
LG Energy Solution Ltd 1.46% 1.42%
nVent Electric PLC 1.42% 3.46%
Xcel Energy Inc 1.40% 2.78%
Prysmian SpA 1.34% 4.13%
Only in one fund ↓
Only in KWH
Siemens AG 4.68%
Trane Technologies PLC 2.69%
Vestas Wind Systems A/S 2.50%
Contemporary Amperex Technology Co Ltd 2.31%
Expand Energy Corp 1.98%
Duke Energy Corp 1.97%
EQT Corp 1.95%
E.ON SE 1.92%
Only in POW
Delta Electronics Inc 4.27%
Bel Fuse Inc 3.58%
LS Electric Co Ltd 3.46%
Hyosung Heavy Industries Corp 3.35%
Powell Industries Inc 3.24%
Bloom Energy Corp 2.78%
Hammond Power Solutions Inc 2.36%
Amphenol Corp 1.93%
Check overlap with more funds →

Window by window

Window by window: KWH vs POW: Holdings Overlap & Returns
Total returnvs its benchmark
WindowKWHPOWKWHPOW
3 months−6.7%−18.7%not measured−18.6 pts vs VOO
6 months–−33.3%–−38.3 pts vs VOO
1 year–+9.1%–−5.7 pts vs VOO
Since launchNot the same days: KWH Jul 2026 · POW Oct 2025−6.1%+9.6%not measured−3.3 pts vs VOO

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Side by side

KWH GMO Power Infrastructure ETF · Holds 74 stocks in electrification and the grid, 41% of its weight in S&P 500 companies POW VistaShares Electrification Supercycle ETF · Holds 50 stocks in electrification and the grid, 35% of its weight in S&P 500 companies
Issuer GMO VistaShares
Theme Electrification and the grid Electrification and the grid
In the S&P 500 41.4% 35.4%
Active share vs the S&P 500 96.9% 97.8%
In the Nasdaq-100 4.9% 9.4%
Holdings 74 50
Top ten, share of the fund 30.8% 39.3%
Expense ratio 0.60% 0.75%
Fee for the differing part 0.62% 0.77%
Total return, 1 year −6.1% (since launch, Jul 15, 2026) +9.1%
vs its benchmark not measured −5.7 pts vs VOO
Below its high −8.5% −33.8%
Net assets, KWH as of Aug 31, 2026 and POW as of Nov 4, 2026 $58m $59m

As of Nov 4, 2026. Source: ETFIQ.

29% of the two portfolios are the same securities at the same weight.

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About each fund
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.

POW

By weight, 35% of POW'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 39% of the fund across 50 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned +9.1% with distributions reinvested against +14.8% for its benchmark, the S&P 500 TR, so a holder was behind by 5.7 pts. It sits 33.8% below its all-time high of May 11, 2026.

Questions people ask

Do KWH and POW hold the same stocks?
By their latest filings, 29% 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, KWH or POW?
KWH has 41% of its weight in S&P 500 names and POW has 35%, so POW differs more from the index.
Which is cheaper, KWH or POW?
KWH charges 0.60% a year and POW charges 0.75%, so KWH is cheaper. Fees come from each fund's prospectus.
Other comparisons
KWH vs ELFYKWH vs FPWRKWH vs TPZKWH vs POWRPOW vs ELFYPOW vs FPWRPOW vs TPZPOW vs TRFM
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →KWH on its own →POW on its own →KWH holdings →POW dividend history →POW holdings →Method →Standards and sources →
Sources and dates
KWH filings on SEC EDGAR ↗
KWH prospectus with the expense ratio (SEC) ↗
GMO website ↗
POW filings on SEC EDGAR ↗
POW prospectus with the expense ratio (SEC) ↗
VistaShares page for POW ↗

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.

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ETFIQ, KWH against POW, data as of Nov 4, 2026. https://etfiq.com/compare/themes/kwh-vs-pow

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