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POW vs VOLT: which is really different?

POW and VOLT hold 44% of their weight in the same names. VistaShares Electrification Supercycle ETF and Tema Electrification ETF.

31.3%
POW in the S&P 500
52.8%
VOLT in the S&P 500
+28.5%
POW total return, since launch
+23.6%
VOLT total return, 1 year
POW · 6 months to Sep 30, 202669% of its weight is outside the S&P 500
69% of its weight is outside the S&P 50031% of POW's weight is in S&P 500 companies and 69% is outside the index31%69%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 98% · top ten 43% of the fund · 54 holdings filed Oct 1, 2026 · Nasdaq-100: 7% in69% of its weight is outside the S&P 50031% of POW's weight is in S&P 500 companies and 69% is outside the index31%69%inoutside the S&P 500active share 98% · top ten 43% of the fund

31% of POW's weight is in S&P 500 companies and 69% is outside the index

VOLT · 1 year to Sep 30, 202647% of its weight is outside the S&P 500
47% of its weight is outside the S&P 50053% of VOLT's weight is in S&P 500 companies and 47% is outside the index53%47%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 97% · top ten 55% of the fund · 26 holdings filed Sep 30, 2026 · Nasdaq-100: 7% in47% of its weight is outside the S&P 50053% of VOLT's weight is in S&P 500 companies and 47% is outside the index53%47%in the S&P 500outsideactive share 97% · top ten 55% of the fund

53% of VOLT's weight is in S&P 500 companies and 47% is outside the index

ETFIQ Off-Index Score · POW scores higherHow much of it is not the index it is sold as an alternative to?
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, POW and VOLT hold 44% 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 Oct 1, 2026 and Sep 30, 2026.

half

44% in common

Positions both hold, largest shared weight first
Holding POW VOLT
Quanta Services Inc 5.23% 5.55%
Eaton Corp PLC 4.86% 6.36%
nVent Electric PLC 4.20% 4.52%
Powell Industries Inc 3.56% 5.48%
Bel Fuse Inc 3.42% 6.73%
GE Vernova Inc 3.37% 4.37%
Bloom Energy Corp 3.27% 4.45%
Hubbell Inc 2.94% 4.47%
American Electric Power Co Inc 2.68% 4.87%
NextEra Energy Inc 2.03% 4.93%
ABB Ltd 1.94% 2.99%
Xcel Energy Inc 2.07% 1.94%
Only in POW
Delta Electronics Inc 5.82%
Prysmian SpA 4.22%
LS Electric Co Ltd 3.98%
Hyosung Heavy Industries Corp 3.85%
Siemens Energy AG 2.91%
Forgent Power Solutions Inc 2.66%
Hammond Power Solutions Inc 2.62%
Vicor Corp 2.37%
Only in VOLT
ENERGY TRANSFER LP 5.16%
OGE ENERGY CORP 4.48%
IDACORP INC 4.38%
ENTERGY CORP 3.60%
NISOURCE INC 3.00%
WILLIAMS COS INC/THE 2.24%
CATERPILLAR INC 2.18%
ANTHROPIC SPV EXPOSURE 2.14%

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

44% of the two portfolios are the same securities at the same weight.

Performance, window by window

Total returnvs the S&P 500vs the Nasdaq-100
WindowPOWVOLTPOWVOLTPOWVOLT
3 months−13.0%−12.3%−15.6 pts−14.8 pts−15.2 pts−14.4 pts
6 months+5.5%+1.8%−11.5 pts−15.2 pts−21.4 pts−25.1 pts
1 yearnot published+23.6%not published+7.9 ptsnot published−0.2 pts
Since launch
POW Oct 2025 · VOLT Dec 2024
+28.5%+40.6%+16.3 pts+12.2 pts+11.1 pts−2.2 pts

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

On the same fields

POW
VistaShares Electrification Supercycle ETF · Holds 54 stocks in electrification and the grid, 31% of its weight in S&P 500 companies
VOLT
Tema Electrification ETF · Holds 26 stocks in electrification and the grid, 53% of its weight in S&P 500 companies
Issuer VistaShares Tema
Theme Electrification and the grid Electrification and the grid
In the S&P 500 31.3% 52.8%
Active share vs the S&P 500 97.8% 96.9%
In the Nasdaq-100 7.4% 6.8%
Holdings 54 26
Top ten, share of the fund 42.5% 54.8%
Expense ratio 0.75% 0.75%
Fee for the differing part 0.77% 0.77%
Total return, 1 year +28.5% (since launch on Oct 28, 2025) +23.6%
vs the S&P 500 +16.3 pts +7.9 pts
vs the Nasdaq-100 +11.1 pts −0.2 pts
Below its high −22.3% −15.7%
Net assets $62m $727m

POW and VOLT on the same fields, as of Sep 30, 2026. Source: ETFIQ.

POW in plain words

By weight, 31% 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 42% of the fund across 54 positions, as published by its issuer for Oct 1, 2026. Since it launched on Oct 28, 2025 the fund returned +28.5% with distributions reinvested against +12.2% for the S&P 500, so a holder was ahead by 16.3 pts. It sits 22.3% below its all-time high of May 11, 2026.

VOLT in plain words

By weight, 53% of VOLT'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 55% of the fund across 26 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned +23.6% with distributions reinvested against +15.7% for the S&P 500, so a holder was ahead by 7.9 pts. It sits 15.7% below its all-time high of Jun 22, 2026.

Questions people ask

Do POW and VOLT hold the same stocks?
By their latest filings, 44% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, POW or VOLT?
POW has 31% of its weight in S&P 500 names and VOLT has 53%, so POW differs more from the index.
Which is cheaper, POW or VOLT?
POW charges 0.75% a year and VOLT charges 0.75%, so POW is cheaper. Fees come from each fund's prospectus.
Other comparisons
POW vs TRFMPOW vs EMETPOW vs FPWRPOW vs GRIDVOLT vs ELFYVOLT vs EMETVOLT vs FPWRVOLT vs GRID
POW on its own →VOLT on its own →How every figure is computed →Standards and sources →
Where these figures came from
POW filings on SEC EDGAR ↗POW prospectus with the expense ratio (SEC) ↗VistaShares page for POW ↗VOLT filings on SEC EDGAR ↗VOLT prospectus with the expense ratio (SEC) ↗Tema page for VOLT ↗

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, POW against VOLT, data as of Sep 30, 2026. https://etfiq.com/compare/themes/pow-vs-volt

Open data

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