{"url":"https://etfiq.com/compare/themes/kwh-vs-zap","section":"compare","title":"KWH vs ZAP: Holdings Overlap & Returns | ETFIQ","description":"41.4% of KWH and 80.7% of ZAP is already in the S&P 500 by weight, as filed, and 22% of the two books are the same names at the same weight.","as_of":"Nov 4, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Do KWH and ZAP hold the same stocks?","acceptedAnswer":{"@type":"Answer","text":"By their latest filings, 22% of their books are the same securities at the same weight. 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, KWH or ZAP?","acceptedAnswer":{"@type":"Answer","text":"KWH has 41% of its weight in S&P 500 names and ZAP has 81%, so ZAP differs more from the index."}},{"@type":"Question","name":"Which is cheaper, KWH or ZAP?","acceptedAnswer":{"@type":"Answer","text":"KWH charges 0.60% a year and ZAP charges 0.50%, so ZAP 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":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"KWH vs ZAP","item":"https://etfiq.com/compare/themes/kwh-vs-zap"}]},{"@type":"WebPage","name":"KWH vs ZAP: Holdings Overlap & Returns","description":"41.4% of KWH and 80.7% of ZAP is already in the S&P 500 by weight, as filed, and 22% of the two books are the same names at the same weight.","url":"https://etfiq.com/compare/themes/kwh-vs-zap","dateModified":"2026-11-04","abstract":"KWH and ZAP hold 22% 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 KWH and ZAP","description":"41.4% of KWH and 80.7% of ZAP is already in the S&P 500 by weight, as filed, and 22% of the two books are the same names at the same weight.","dateModified":"2026-11-04","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/themes/kwh-vs-zap","license":"https://etfiq.com/license/","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":6820,"truncated":true,"content":"ETFIQ / Thematic ETFs / Compare ETFs / KWH vs ZAP \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Nov 4, 2026 .\n\n KWH vs ZAP: Holdings Overlap & Returns\n\n KWH and ZAP hold 22% of their weight in the same names.\n Copy this for sharing \n \n ZAP costs 0.10 points a year less.\n KWH and ZAP at a glance. As of Nov 4, 2026. Source: ETFIQ. KWH ZAP \n Expense ratio 0.60% 0.50% \n Net assets, KWH as of Aug 31, 2026 and ZAP as of Oct 12, 2026 $58m $451m \n Total return, 1 year not published +5.6% \n What it tracks Electrification and the grid Electrification and the grid \n Holdings in common 22% \n Hold","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/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, KWH against ZAP, data as of Nov 4, 2026. https://etfiq.com/compare/themes/kwh-vs-zap","a":{"ticker":"KWH","name":"GMO Power Infrastructure ETF","issuer":"GMO","desk":"themes","as_of":"2026-11-04","verdict":"From its Jul 15, 2026 launch to Nov 4, 2026, KWH lost 6.1%.","url":"https://etfiq.com/funds/kwh","key_facts":[{"label":"Already in the S&P 500","value":"41.4%","as_of":"2026-08-31","source":"its SEC filing (Form N-PORT)"},{"label":"Active share vs the S&P 500","value":"96.9%","as_of":"2026-08-31","source":"ETFIQ"},{"label":"Top ten holdings","value":"30.8%","as_of":"2026-08-31","source":"its SEC filing (Form N-PORT)"},{"label":"Total return, since launch","value":"\u22126.1%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Net assets","value":"$58m","as_of":"2026-08-31","source":"SEC filing, whole fund, as filed for Aug 31, 2026"},{"label":"Expense ratio","value":"0.60%","as_of":"2026-06-30","source":"485BPOS XBRL, Jun 30, 2026"}]},"b":{"ticker":"ZAP","name":"Global X U.S. Electrification ETF","issuer":"Global X","desk":"themes","as_of":"2026-11-04","verdict":"Between Jul 31, 2026 and Oct 16, 2026, ZAP lost 3.3%, against \u22123.1% for its own holdings.","url":"https://etfiq.com/funds/zap","key_facts":[{"label":"Already in the S&P 500","value":"80.7%","as_of":"2026-07-31","source":"its SEC filing (Form N-PORT)"},{"label":"Active share vs the S&P 500","value":"97.8%","as_of":"2026-07-31","source":"ETFIQ"},{"label":"Top ten holdings","value":"41.9%","as_of":"2026-07-31","source":"its SEC filing (Form N-PORT)"},{"label":"Total return, 1 year","value":"+5.6%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, capital gains included, on its starting price","value":"2.0%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment (paid quarterly), ex-date Oct 5, 2026","value":"$0.15","as_of":"2026-10-05","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$451m","as_of":"2026-10-12","source":"issuer page, as of Oct 12, 2026"},{"label":"Expense ratio","value":"0.50%","as_of":"2026-02-26","source":"485BPOS XBRL, Feb 26, 2026"}]},"overlap_pct":22,"full_text_at":"https://etfiq.com/compare/themes/kwh-vs-zap"}