Do POWR and ZAP hold the same stocks?

By their latest filings, 51% of their books are the same securities at the same weight, which is close to holding one of them twice. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, POWR or ZAP?

POWR has 80% of its weight in S&P 500 names and ZAP has 76%, so ZAP differs more from the index.

Which is cheaper, POWR or ZAP?

POWR charges 0.39% a year and ZAP charges 0.50%, so POWR is cheaper. Fees come from each fund's prospectus.

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POWR vs ZAP: which is really different?

POWR and ZAP hold 51% of their weight in the same names, and ZAP returned +4.9% over the year. iShares U.S. Power Infrastructure ETF and Global X U.S. Electrification ETF.

80.5%

POWR in the S&P 500

75.5%

ZAP in the S&P 500

+2.8%

POWR total return, 1 year

+4.9%

ZAP total return, 1 year

POWR · 1 year to Sep 30, 202620% of its weight is outside the S&P 500

81% of POWR's weight is in S&P 500 companies and 20% 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?

POWR 39.6

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, POWR and ZAP hold 51% 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 Sep 30, 2026.

50%

half

51% in common

Positions both hold, largest shared weight first

Holding POWR ZAP

QUANTA SERVICES INC 6.50% 4.71%

EATON PLC 6.56% 4.67%

SOUTHERN 4.02% 3.85%

DUKE ENERGY CORP 3.75% 3.92%

NEXTERA ENERGY 5.81% 3.64%

CONSTELLATION ENERGY CORP 3.53% 3.79%

AMERICAN ELECTRIC POWER INC 2.72% 3.92%

HUBBELL INC 3.51% 2.67%

DOMINION ENERGY 2.24% 4.27%

ENTERGY CORP 1.95% 3.79%

XCEL ENERGY INC 1.86% 3.84%

VISTRA 1.84% 3.74%

Only in POWR

GE VERNOVA 6.34%

EQT 4.45%

NVENT ELECTRIC PLC 3.81%

EXPAND ENERGY 2.85%

FIRST SOLAR 2.76%

GENERAC HOLDINGS 1.79%

NEXTPOWER INC 1.73%

ANTERO RESOURCES 1.50%

Only in ZAP

BLOOM ENERGY CORP- A 5.89%

AMETEK INC 4.63%

NATIONAL GRID PLC-SP ADR 3.85%

EMERA INC 1.62%

MASTEC INC 1.41%

PLUG POWER INC 0.28%

HAWAIIAN ELECTRIC INDS 0.17%

NUSCALE POWER CORP 0.17%

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

51% 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	POWR	ZAP	POWR	ZAP	POWR	ZAP
3 months	−11.1%	−9.8%	−13.6 pts	−12.3 pts	−13.2 pts	−11.9 pts
6 months	−7.6%	−5.3%	−24.6 pts	−22.3 pts	−34.5 pts	−32.2 pts
1 year	+2.8%	+4.9%	−12.9 pts	−10.8 pts	−20.9 pts	−18.9 pts
3 years	+8.7%	not published	−76.3 pts	not published	−101.3 pts	not published
Since launch POWR Feb 2012 · ZAP Dec 2024	+64.8%	+30.4%	−577.6 pts	−2.6 pts	−1207.1 pts	−14.2 pts

POWR 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

POWR

iShares U.S. Power Infrastructure ETF · Holds 82 stocks in electrification and the grid, 80% 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 iShares Global X

Theme Electrification and the grid Electrification and the grid

In the S&P 500 80.5% 75.5%

Active share vs the S&P 500 96.9% 97.9%

In the Nasdaq-100 9.9% 15.3%

Holdings 82 47

Top ten, share of the fund 48.3% 43.8%

Expense ratio 0.39% 0.50%

Fee for the differing part 0.40% 0.51%

Total return, 1 year +2.8% +4.9%

vs the S&P 500 −12.9 pts −10.8 pts

vs the Nasdaq-100 −20.9 pts −18.9 pts

Below its high −13.8% −12.6%

Net assets $426m $436m

POWR and ZAP on the same fields, as of Sep 30, 2026. Source: ETFIQ.

POWR in plain words

By weight, 80% of POWR'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 48% of the fund across 82 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned +2.8% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 12.9 pts. It sits 13.8% below its all-time high of May 5, 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 POWR and ZAP hold the same stocks?: By their latest filings, 51% of their books are the same securities at the same weight, which is close to holding one of them twice. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, POWR or ZAP?: POWR has 80% of its weight in S&P 500 names and ZAP has 76%, so ZAP differs more from the index.
Which is cheaper, POWR or ZAP?: POWR charges 0.39% a year and ZAP charges 0.50%, so POWR is cheaper. Fees come from each fund's prospectus.

Other comparisons

POWR vs VOLT POWR vs FPWR POWR vs GRID POWR vs ICOP ZAP vs COPJ ZAP vs COPP ZAP vs COPX ZAP vs ELFY

POWR on its own →ZAP on its own →How every figure is computed →Standards and sources →

Where these figures came from

POWR filings on SEC EDGAR ↗POWR prospectus with the expense ratio (SEC) ↗iShares page for POWR ↗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, POWR against ZAP, data as of Sep 30, 2026. https://etfiq.com/compare/themes/powr-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.