Do POW and ZAP hold the same stocks?

By their latest filings, 31% 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 ZAP?

POW has 31% of its weight in S&P 500 names and ZAP has 76%, so ZAP differs more from the index.

Which is cheaper, POW or ZAP?

POW charges 0.75% a year and ZAP charges 0.50%, so ZAP is cheaper. Fees come from each fund's prospectus.

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POW vs ZAP: which is really different?

POW and ZAP hold 31% of their weight in the same names. VistaShares Electrification Supercycle ETF and Global X U.S. Electrification ETF.

31.3%

POW in the S&P 500

75.5%

ZAP in the S&P 500

+28.5%

POW total return, since launch

+4.9%

ZAP total return, 1 year

POW · 6 months to Sep 30, 202669% of its weight is outside the S&P 500

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

ZAP · 1 year to Sep 30, 202625% of its weight is outside the S&P 500

76% of ZAP's weight is in S&P 500 companies and 25% is outside the index

ETFIQ Off-Index Score · ZAP scores higherHow much of it is not the index it is sold as an alternative to?

POW 46.9

ZAP 48.1

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 ZAP hold 31% 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.

50%

half

31% in common

Positions both hold, largest shared weight first

Holding POW ZAP

Quanta Services Inc 5.23% 4.71%

Eaton Corp PLC 4.86% 4.67%

Bloom Energy Corp 3.27% 5.89%

American Electric Power Co Inc 2.68% 3.92%

Hubbell Inc 2.94% 2.67%

Xcel Energy Inc 2.07% 3.84%

NextEra Energy Inc 2.03% 3.64%

Vistra Corp 1.41% 3.74%

Constellation Energy Corp 1.39% 3.79%

Talen Energy Corp 1.52% 1.38%

Exelon Corp 1.24% 3.79%

MasTec Inc 1.19% 1.41%

Only in POW

Delta Electronics Inc 5.82%

Prysmian SpA 4.22%

nVent Electric PLC 4.20%

LS Electric Co Ltd 3.98%

Hyosung Heavy Industries Corp 3.85%

Powell Industries Inc 3.56%

Bel Fuse Inc 3.42%

GE Vernova Inc 3.37%

Only in ZAP

AMETEK INC 4.63%

DOMINION ENERGY INC 4.27%

CONSOLIDATED EDISON INC 4.08%

DUKE ENERGY CORP 3.92%

NATIONAL GRID PLC-SP ADR 3.85%

SOUTHERN CO/THE 3.85%

ENTERGY CORP 3.79%

PUBLIC SERVICE ENTERPRISE GP 3.65%

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

31% of the two portfolios are the same securities at the same weight.

Performance, window by window

	Total return		vs the S&P 500		vs the Nasdaq-100
Window	POW	ZAP	POW	ZAP	POW	ZAP
3 months	−13.0%	−9.8%	−15.6 pts	−12.3 pts	−15.2 pts	−11.9 pts
6 months	+5.5%	−5.3%	−11.5 pts	−22.3 pts	−21.4 pts	−32.2 pts
1 year	not published	+4.9%	not published	−10.8 pts	not published	−18.9 pts
Since launch POW Oct 2025 · ZAP Dec 2024	+28.5%	+30.4%	+16.3 pts	−2.6 pts	+11.1 pts	−14.2 pts

POW and ZAP 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

ZAP

Global X U.S. Electrification ETF · Holds 47 stocks in electrification and the grid, 76% of its weight in S&P 500 companies

Issuer VistaShares Global X

Theme Electrification and the grid Electrification and the grid

In the S&P 500 31.3% 75.5%

Active share vs the S&P 500 97.8% 97.9%

In the Nasdaq-100 7.4% 15.3%

Holdings 54 47

Top ten, share of the fund 42.5% 43.8%

Expense ratio 0.75% 0.50%

Fee for the differing part 0.77% 0.51%

Total return, 1 year +28.5% (since launch on Oct 28, 2025) +4.9%

vs the S&P 500 +16.3 pts −10.8 pts

vs the Nasdaq-100 +11.1 pts −18.9 pts

Below its high −22.3% −12.6%

Net assets $62m $436m

POW and ZAP 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.

ZAP in plain words

By weight, 76% of ZAP'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 44% of the fund across 47 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned +4.9% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 10.8 pts. It sits 12.6% below its all-time high of Jun 25, 2026.

Questions people ask

Do POW and ZAP hold the same stocks?: By their latest filings, 31% 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 ZAP?: POW has 31% of its weight in S&P 500 names and ZAP has 76%, so ZAP differs more from the index.
Which is cheaper, POW or ZAP?: POW charges 0.75% a year and ZAP charges 0.50%, so ZAP is cheaper. Fees come from each fund's prospectus.

Other comparisons

POW vs VOLT POW vs COPJ POW vs COPP POW vs COPX ZAP vs COPX ZAP vs ELFY ZAP vs EMET ZAP vs FPWR

POW on its own →ZAP 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 ↗ZAP filings on SEC EDGAR ↗ZAP prospectus with the expense ratio (SEC) ↗Global X page for ZAP ↗

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 ZAP, data as of Sep 30, 2026. https://etfiq.com/compare/themes/pow-vs-zap

Open data

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