Do KWH and TPZ hold the same stocks?

By their latest filings, 12% 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 TPZ?

KWH has 41% of its weight in S&P 500 names and TPZ has 50%, so TPZ differs more from the index.

Which is cheaper, KWH or TPZ?

KWH charges 0.60% a year and TPZ charges 0.85%, so KWH is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

KWH vs TPZ: Holdings Overlap & Returns

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KWH and TPZ hold 12% of their weight in the same names.

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Net assets on Aug 31, 2026: $58m for GMO Power Infrastructure ETF and $121m for Tortoise Electrification Infrastructure ETF.

KWH on its own →TPZ on its own →

At a glance

41.4%

KWH in the S&P 500

50.0%

TPZ in the S&P 500

−6.1%

KWH total return, since launch, Jul 15, 2026

+0.5%

TPZ total return, 1 year

KWH · 3 months to Nov 4, 2026 59% of its weight is outside the S&P 500

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

TPZ · 1 year to Nov 4, 2026 50% of its weight is outside the S&P 500

50% of TPZ's weight is in S&P 500 companies and 50% is outside the index. Holdings as of Aug 31, 2026.

Pair scorecard

KWH costs 0.25 points a year less; TPZ is 2.1 times larger.

KWH vs TPZ: Holdings Overlap & Returns
Measure	KWH	TPZ
Return
Measure	KWH	TPZ
Total return, 1 year	not published	+0.5%
Drawdown
Measure	KWH	TPZ
Below its all-time high	8.5%, high on Aug 17, 2026	10.4%, high on Apr 30, 2026
Benchmark
Measure	KWH	TPZ
What it tracks	Electrification and the grid	Electrification and the grid
Cost and size
Measure	KWH	TPZ
Expense ratio	0.60%	0.85%
Net assets, as of Aug 31, 2026	$58m	$121m
Holdings
Measure	KWH	TPZ
Holdings in common	12%
Top ten holdings, share of the fund	31%	56%

Method

What they share

12%

By the books each fund has filed, KWH and TPZ hold 12% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026.

50%

0 half 100%

half

12% in common

Positions both hold · largest shared weight first KWH TPZ

NextEra Energy Inc 2.52% 2.86%

Cheniere Energy Inc 1.68% 7.85%

American Electric Power Co Inc 1.63% 2.63%

Entergy Corp 1.39% 6.04%

Targa Resources Corp 1.36% 6.58%

Vistra Corp 1.09% 1.60%

Quanta Services Inc 0.67% 1.28%

NRG Energy Inc 0.85% 0.67%

MYR Group Inc 0.53% 0.94%

MasTec Inc 0.27% 1.81%

Only in one fund ↓

Only in KWH

Schneider Electric SE 5.14%

Siemens AG 4.68%

Eaton Corp PLC 3.43%

Trane Technologies PLC 2.69%

Enel SpA 2.52%

Iberdrola SA 2.51%

Vestas Wind Systems A/S 2.50%

National Grid PLC 2.44%

Only in TPZ

Energy Transfer LP 8.21%

Williams Cos Inc 5.76%

TC Energy Corp 5.02%

MPLX LP 4.86%

Constellation Energy Corp 4.62%

ONEOK Inc 4.08%

DT Midstream Inc 3.46%

CenterPoint Energy Inc 3.42%

Check overlap with more funds →

Window by window

Window by window: KWH vs TPZ: Holdings Overlap & Returns
	Total return
Window	KWH	TPZ
3 months	−6.7%	−3.8%
6 months	–	−8.5%
1 year	–	+0.5%
Since launchNot the same days: KWH Jul 2026 · TPZ Dec 2024	−6.1%	+7.7%

– means no data for this window. Open this comparison in the app →

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 TPZ Tortoise Electrification Infrastructure ETF · Holds 36 stocks in electrification and the grid, 50% of its weight in S&P 500 companies

Issuer GMO Tortoise

Theme Electrification and the grid Electrification and the grid

In the S&P 500 41.4% 50.0%

Active share vs the S&P 500 96.9% 98.3%

In the Nasdaq-100 4.9% 7.2%

Holdings 74 36

Top ten, share of the fund 30.8% 56.5%

Expense ratio 0.60% 0.85%

Fee for the differing part 0.62% 0.86%

Total return, 1 year −6.1% (since launch, Jul 15, 2026) +0.5%

vs its benchmark not measured not measured

Below its high −8.5% −10.4%

Net assets, as of Aug 31, 2026 $58m $121m

As of Nov 4, 2026. Source: ETFIQ.

12% of the two portfolios are the same securities at the same weight.

Alert

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.

TPZ

By weight, 50% of TPZ'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 56% of the fund across 36 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned +0.5% with distributions reinvested. It sits 10.4% below its all-time high of Apr 30, 2026.

Questions people ask

Do KWH and TPZ hold the same stocks?: By their latest filings, 12% 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 TPZ?: KWH has 41% of its weight in S&P 500 names and TPZ has 50%, so TPZ differs more from the index.
Which is cheaper, KWH or TPZ?: KWH charges 0.60% a year and TPZ charges 0.85%, so KWH is cheaper. Fees come from each fund's prospectus.

Other comparisons

KWH vs POWR KWH vs ELFY KWH vs POW KWH vs FPWR TPZ vs FPWR TPZ vs ELFY TPZ vs TRFM TPZ vs VOLT

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →KWH on its own →TPZ on its own →KWH holdings →TPZ dividend history →TPZ holdings →Method →Standards and sources →

Sources and dates

KWH filings on SEC EDGAR ↗

KWH prospectus with the expense ratio (SEC) ↗

GMO website ↗

TPZ filings on SEC EDGAR ↗

TPZ prospectus with the expense ratio (SEC) ↗

Tortoise website ↗

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.

Cite this pageCitation, APA and Markdown

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

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