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Data as of Oct 28, 2026.

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Thematic ETFs

TPZ vs VOLT: Holdings Overlap & Returns

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Over the year to Oct 28, 2026, TPZ returned +3.7% to VOLT's +12.5%; 22% of their weight is in the same names.

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Net assets: $129m on May 31, 2026 for Tortoise Electrification Infrastructure ETF, and $975m on Oct 27, 2026 for Tema Electrification ETF.

TPZ on its own →VOLT on its own →
At a glance
54.6%
TPZ in the S&P 500
54.7%
VOLT in the S&P 500
+3.7%
TPZ total return, 1 year
+12.5%
VOLT total return, 1 year
TPZ · 1 year to Oct 28, 2026 45% of its weight is outside the S&P 500
45% of its weight is outside the S&P 50055% of TPZ's weight is in S&P 500 companies and 45% is outside the index. Holdings as of May 31, 2026.55%45%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 98% · top ten 53% of the fund · 31 holdings as filed for May 31, 2026 · Nasdaq-100: 7% in45% of its weight is outside the S&P 50055% of TPZ's weight is in S&P 500 companies and 45% is outside the index. Holdings as of May 31, 2026.55%45%in the S&P 500outsideactive share 98% · Nasdaq-100: 7% in

55% of TPZ's weight is in S&P 500 companies and 45% is outside the index. Holdings as of May 31, 2026.

VOLT · 1 year to Oct 28, 2026 45% of its weight is outside the S&P 500
45% of its weight is outside the S&P 50055% of VOLT's weight is in S&P 500 companies and 45% is outside the index. Holdings as of Oct 27, 2026.55%45%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 97% · top ten 56% of the fund · 26 holdings as published by its issuer for Oct 27, 2026 · Nasdaq-100: 8% in45% of its weight is outside the S&P 50055% of VOLT's weight is in S&P 500 companies and 45% is outside the index. Holdings as of Oct 27, 2026.55%45%in the S&P 500outsideactive share 97% · Nasdaq-100: 8% in

55% of VOLT's weight is in S&P 500 companies and 45% is outside the index. Holdings as of Oct 27, 2026.

Pair scorecard

VOLT costs 0.10 points a year less; their one-year returns differ by 8.8 points.

Points (pts) are percentage points.

TPZ vs VOLT: Holdings Overlap & Returns
MeasureTPZVOLT
Return
Total return, 1 year+3.7%+12.5%
Drawdown
Below its all-time high6.3%, high on Apr 30, 202617.9%, high on Jun 22, 2026
Against its benchmark
What it tracksElectrification and the gridElectrification and the grid
Against the S&P 500, 1 yearbehind by 1.2 pts
Its benchmark, total return, 1 year+13.7%
Against its benchmark, 1 yearbehind by 1.2 pts
Cost and size
Expense ratio0.85%0.75%
Net assets, TPZ as of May 31, 2026 and VOLT as of Oct 27, 2026$129m$975m
Holdings
Holdings in common22%
ETFIQ S&P 500 Difference Score · TPZ scores higher How much of its weight does it not share with the S&P 500?
IQ Themes Score94.2TPZ76.8VOLT

How different its holdings are from the S&P 500, ranked against 112 thematic ETFs with at least half their money in S&P 500 companies. 100 is best. How it is computed

0.4, the lowest in this set 99.6, the highest

A percentile among the 112 thematic ETFs with at least half their money in S&P 500 companies. Weight not shared with the S&P 500 only; it says nothing about returns, fees or whether the theme pays off. All thematic ETFs ranked by it →

Holdings in common uses holdings dated May 31, 2026 and Oct 27, 2026. Method

What they share

22%

By the books each fund has filed, TPZ and VOLT hold 22% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Oct 27, 2026.

0 half 100%

half

22% in common

Positions both hold · largest shared weight first TPZ VOLT
Energy Transfer LP 7.22% 5.54%
Entergy Corp 5.87% 4.01%
NextEra Energy Inc 2.98% 5.40%
NiSource Inc 2.85% 3.46%
Williams Cos Inc 5.42% 2.50%
American Electric Power Co Inc 2.44% 5.38%
Quanta Services Inc 0.95% 5.35%
Sempra 3.04% 0.74%
Only in one fund ↓
Only in TPZ
Targa Resources Corp 5.64%
Clearway Energy Inc 5.60%
TC Energy Corp 5.28%
Cheniere Energy Inc 4.75%
Constellation Energy Corp 4.53%
MPLX LP 4.43%
Vistra Corp 3.97%
DT Midstream Inc 3.65%
Only in VOLT
AMPHENOL CORP 6.59%
BEL FUSE INC 6.43%
EATON CORP PLC 5.95%
POWELL INDUSTRIES INC 5.10%
OGE ENERGY CORP 4.93%
IDACORP INC 4.79%
HUBBELL INC 4.39%
GE VERNOVA INC 4.12%
Check overlap with more funds →

Window by window

Window by window: TPZ vs VOLT: Holdings Overlap & Returns
Total returnvs its benchmark
WindowTPZVOLTTPZVOLT
3 months+0.3%−0.8%not measured−6.9 pts vs VOO
6 months−3.5%−11.2%not measured−20.3 pts vs VOO
1 year+3.7%+12.5%not measured−1.2 pts vs VOO
Since launchNot the same days: TPZ Dec 2024 · VOLT Dec 2024+12.6%+37.0%not measured+6.8 pts vs VOO

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Side by side

TPZ Tortoise Electrification Infrastructure ETF · Holds 31 stocks in electrification and the grid, 55% of its weight in S&P 500 companies VOLT Tema Electrification ETF · Holds 26 stocks in electrification and the grid, 55% of its weight in S&P 500 companies
Issuer Tortoise Tema
Theme Electrification and the grid Electrification and the grid
In the S&P 500 54.6% 54.7%
Active share vs the S&P 500 98.3% 96.9%
In the Nasdaq-100 7.0% 7.5%
Holdings 31 26
Top ten, share of the fund 52.7% 55.5%
Expense ratio 0.85% 0.75%
Fee for the differing part 0.86% 0.77%
Total return, 1 year +3.7% +12.5%
vs its benchmark not measured −1.2 pts vs VOO
Below its high −6.3% −17.9%
Net assets, TPZ as of May 31, 2026 and VOLT as of Oct 27, 2026 $129m $975m

As of Oct 28, 2026. Source: ETFIQ.

22% of the two portfolios are the same securities at the same weight.

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About each fund
TPZ

By weight, 55% 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 53% of the fund across 31 positions, as filed for May 31, 2026. Over the year to Oct 28, 2026 the fund returned +3.7% with distributions reinvested. It sits 6.3% below its all-time high of Apr 30, 2026.

VOLT

By weight, 55% 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 56% of the fund across 26 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +12.5% with distributions reinvested against +13.7% for its benchmark, the S&P 500 Total Return Index, so a holder was behind by 1.2 pts. It sits 17.9% below its all-time high of Jun 22, 2026.

Questions people ask

Do TPZ and VOLT hold the same stocks?
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.
Which is more different from the S&P 500, TPZ or VOLT?
TPZ has 55% of its weight in S&P 500 names and VOLT has 55%, so TPZ differs more from the index.
Which is cheaper, TPZ or VOLT?
TPZ charges 0.85% a year and VOLT charges 0.75%, so VOLT is cheaper. Fees come from each fund's prospectus.
Other comparisons
TPZ vs TRFMTPZ vs ZAPTPZ vs ELFYTPZ vs GRIDVOLT vs ELFYVOLT vs FPWRVOLT vs JOULVOLT vs GRID
Where to next
TPZ on its own →VOLT on its own →TPZ dividend history →TPZ holdings →VOLT dividend history →VOLT holdings →Method →Standards and sources →
Sources and dates
TPZ filings on SEC EDGAR ↗
TPZ prospectus with the expense ratio (SEC) ↗
Tortoise website ↗
VOLT filings on SEC EDGAR ↗
VOLT prospectus with the expense ratio (SEC) ↗
Tema page for VOLT ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

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, TPZ against VOLT, data as of Oct 28, 2026. https://etfiq.com/compare/themes/tpz-vs-volt

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