IQ

VOLT Tema Electrification ETF

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$34.52
+1.3% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

Over the year to Oct 28, 2026, VOLT returned 12.5%, against 13.7% for VOO.

Why did VOLT return +35.7% against VOO’s +28.8%?What does VOLT hold that the S&P 500 does not?What do VOLT’s net flows of +$590m over the since Dec 2024 mean?
Holds 26 stocks in electrification and the grid, 55% of its weight in S&P 500 companiesTema ↗Expense ratio 0.75%Fund assets $975m on Oct 27, 2026First traded Dec 4, 2024Benchmark S&P 500 Total Return Index, measured by VOO, which tracks the same indexFund page at the issuer ↗SEC filings ↗Every Tema fund ETFIQ coversDividend history

Promise check: Not measuredIts theme exposure is measured once ETFIQ defines its theme company by company.

Compare with…Trading costsPut to the committeeaskIQ about VOLTAdd to portfolioOverlapFlowsAlerts

VOLT risk and return scorecard

vs VOO · Dec 2024 to Oct 2026 · 97 weekly returns · dividend-adjusted

Short history · 22 months
VOLT +35.7%, VOO +28.8%, Dec 2024 to Oct 2026, distributions reinvested.
Return
MeasureVOLTVOOEdge
Total return+35.7%+28.8%VOLT
Annualized+17.8%+14.5%VOLT
Price return+35.1%+25.7%VOLT
Risk
MeasureVOLTVOOEdge
Volatility21.6%14.9%VOO
Max drawdown−22.7%−16.7%VOO
Upside capture79.4%100.0%VOO
Downside capture77.9%100.0%VOLT
Risk-adjusted
MeasureVOLTVOOEdge
Sharpe ratio0.680.72VOO (slight)
Sortino ratio0.991.08VOO (slight)
Alpha vs VOO
MeasureVOLTVOOEdge
Alpha, a year+5.5%Not significant
Alpha t-stat0.43
Beta to VOO0.861.00Lower beta

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Money in and out

Net fund flows · May 31, 2026
12 months to May 31, 2026
+$521m
Since Dec 2024
+$590m
askIQ: what do these flows mean? ↗

What you earned

VOLT −2.8%, VOO +0.9%: total return over one month to Oct 28, 2026.
VOLT−2.8%
VOO+0.9%
VOLT −0.8%, VOO +6.1%: total return over three months to Oct 28, 2026.
VOLT−0.8%
VOO+6.1%
VOLT −11.2%, VOO +9.1%: total return over six months to Oct 28, 2026.
VOLT−11.2%
VOO+9.1%
VOLT +19.3%, VOO +14.2%: total return over the year to Oct 28, 2026.
VOLT+19.3%
VOO+14.2%
VOLT +12.5%, VOO +13.7%: total return over one year to Oct 28, 2026.
VOLT+12.5%
VOO+13.7%
VOLT +37.0%, VOO +30.2%: total return since launch to Oct 28, 2026.
VOLT+37.0%
VOO+30.2%
askIQ: why did VOLT return +12.5% against VOO’s +13.7%? ↗

What did you actually buy?

Electrification and the grid · holdings as of Oct 27, 2026
54.7%
Already in the S&P 500
Report
96.9%
Active share vs the S&P 500
Report
55.5%
Top ten holdings
Report
+12.5%
Total return, 1 year
Report
0.4%
12-month yield, capital gains included, on its starting price
Report
$0.1319
Last payment, ex-date Dec 10, 2025
Report
Share already in the S&P 500
54.7% of the fund by weight, holdings as of Oct 27, 2026.
Ten largest holdings
AMPHENOL CORP6.6%
BEL FUSE INC6.4%
EATON CORP PLC6.0%
ENERGY TRANSFER LP5.5%
NEXTERA ENERGY INC5.4%
AMERICAN ELECTRIC POWER CO INC5.4%
QUANTA SERVICES INC5.3%
POWELL INDUSTRIES INC5.1%
OGE ENERGY CORP4.9%
IDACORP INC4.8%
askIQ: what does VOLT hold that the S&P 500 does not? ↗

More on VOLT

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Price, 1 year

$34.52+1.3%1 day, priceClose, Oct 28, 2026

Price only. Total return over the same days, distributions reinvested, was +12.5%. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Oct 28, 2026. Updated every trading night. Report a data error

Points (pts) are percentage points.

VOLT returns by window: total return, cash paid and price change
WindowTotal returnBenchmark (VOO)Gap to VOO
1M Sep 28 – Oct 28, 2026−2.8%+0.9%−3.7 pts
3M Jul 29 – Oct 28, 2026−0.8%+6.1%−6.9 pts
6M Apr 29 – Oct 28, 2026−11.2%+9.1%−20.3 pts
YTD Dec 31, 2025 – Oct 28, 2026+19.3%+14.2%+5.1 pts
1Y Oct 28, 2025 – Oct 28, 2026+12.5%+13.7%−1.2 pts
Since launch Dec 4, 2024 – Oct 28, 2026+37.0%+30.2%+6.8 pts
Since launch, annualised Dec 4, 2024 – Oct 28, 2026+18.0%––

Total returns, distributions reinvested. Listed Dec 2024: no 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

Where every fund in this set sits

How much of its weight does it not share with the S&P 500?

Active share against the S&P 500
USNZ 23.1%IQSZ 49.1%TNXT 51.6%IETC 59.8%XIGV 60.7%CRTC 61.8%AIX 64.0%LQAI 64.9%ALAI 65.2%IVES 66.3%ILDR 67.0%PEXL 67.1%JHAI 68.1%AGIX 68.8%AIEQ 69.0%AOTG 69.1%XT 69.2%FAI 70.1%AIQ 70.2%CHAT 70.9%WTAI 71.5%XAIX 72.0%THMZ 73.5%AIFD 74.4%FRWD 74.4%CARZ 74.5%WUGI 75.2%FDTX 75.5%BAI 75.9%AIUP 76.1%TEKY 77.7%PNQI 78.9%FMET 79.1%IGPT 79.2%FDCF 79.8%ARKW 79.9%AINT 80.3%ARKQ 80.3%SHOC 80.5%SMH 80.7%SOXQ 80.8%FTXL 80.9%GGME 81.5%KNCT 81.7%PBOT 82.1%SOXX 82.3%CBOT 82.4%OGIG 82.9%UFOX 83.1%ARTY 83.2%ABOT 83.7%ARKX 83.7%MILN 83.9%SUPP 84.2%CHPX 84.3%RACK 84.3%CHPS 84.8%AGIQ 85.2%FDN 85.5%AIPO 85.8%CLOD 86.1%XDAT 86.2%BUYZ 86.3%SMHX 87.2%FOWF 88.4%NRSH 88.6%PCLN 89.5%DTCR 90.8%CIBR 90.9%FCLD 91.6%TMAT 91.6%RBLD 91.9%PSI 92.2%IGV 92.4%TCAI 92.7%NEWZ 94.6%TSES 94.7%MADE 94.8%PBPH 95.0%GDOC 95.4%BMED 95.6%EPAI 95.6%IFRA 95.7%PPA 96.4%WR 96.6%POWR 96.9%YUNG 97.1%FPWR 97.2%, and 1 more at this point: PAVE 97.2%IVEP 97.2%MISL 97.4%, and 2 more at this point: HVAC 97.5%, RIFR 97.5%AV 97.6%, and 1 more at this point: TSSD 97.6%IPAY 97.7%, and 3 more at this point: NATO 97.7%, KYC 97.8%, ZAP 97.8%ITA 97.7%DUTY 98.1%WNDR 98.1%DRES 98.2%, and 2 more at this point: TPZ 98.3%, SRVR 98.5%NFRX 98.2%IHI 98.7%DOCK 98.8%BBH 99.0%PHO 99.4%LGHT 99.5%VOLT 96.9%96.9%23.1%99.5%
23.1% to 99.5% across 112

That is the share of the 112 thematic ETFs with at least half their money in S&P 500 companies sitting at or below VOLT.

Weight not shared with the S&P 500 only; it says nothing about returns, fees or whether the theme pays off. Where the fund sits in this set, not a rating. Do not average it with another category's score.

76.8
IQ Themes ScoreETFIQ S&P 500 Difference Scorejoint 26th of 112 · Oct 28, 2026
0.4 · lowest of 112 thematic ETFs with at least half their money in S&P 500 companies99.6 · highest

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

VOLT shares 15 of its 26 holdings with the S&P 500. Counting each at the smaller of its two weights, the two overlap by 3.1%.

active share against the S&P 50096.9% · 77th pct
All 112 ranked by this score →

Money in and out

Monthly data · as of May 31, 2026

VOLT: in the month to May 31, 2026, net $89.1m came in, by its SEC filing.

12 months
+$521m
733.1% of $71.0m on May 31, 2025
Jun 1, 2025 to May 31, 2026
monthly, from SEC filings
Since Dec 2024
+$590m
Dec 1, 2024 to May 31, 2026
monthly, from SEC filings

Computed by ETFIQ from the monthly sales and redemptions VOLT files with the SEC on Form N-PORT.

How this is computed

ETFIQ reads no daily data for this fund, so its flows are monthly, and the latest month filed is May 2026. Every day and month ETFIQ holds for VOLT, back to Dec 2024, is in its flows file. Flows across every fund · How these flows are computed · Compare VOLT with other funds in the flows tool

Month by month, money in and money outDec 2024 to May 2026

VOLT, money in and money out each month from Dec 2024 to May 2026: two bars a month, money in above the line and money out below. Every bar is from VOLT’s SEC filings (N-PORT item B.6). Of the 18 months listed, money came in on net in 17 and went out in 1.

Every bar is from VOLT’s SEC filings (N-PORT item B.6). Of the 18 months listed, money came in on net in 17 and went out in 1.

MonthInOutNet
May 2026 SEC Form N-PORT+$89.1m$0+$89.1m
Apr 2026 SEC Form N-PORT+$116m$0+$116m
Mar 2026 SEC Form N-PORT+$30.3m$0+$30.3m
Feb 2026 SEC Form N-PORT+$69.3m$0+$69.3m
Jan 2026 SEC Form N-PORT+$45.4m$0+$45.4m
Dec 2025 SEC Form N-PORT+$45.3m−$1.2m+$44.1m
Nov 2025 SEC Form N-PORT+$57.4m$0+$57.4m
Oct 2025 SEC Form N-PORT+$24.2m$0+$24.2m
Sep 2025 SEC Form N-PORT+$6.4m$0+$6.4m
Aug 2025 SEC Form N-PORT+$8.5m$0+$8.5m
Jul 2025 SEC Form N-PORT+$8.0m$0+$8.0m
Jun 2025 SEC Form N-PORT+$21.8m$0+$21.8m
May 2025 SEC Form N-PORT+$1.1m−$2.5m−$1.4m
Apr 2025 SEC Form N-PORT+$3.7m$0+$3.7m
Mar 2025 SEC Form N-PORT+$7.4m$0+$7.4m
Feb 2025 SEC Form N-PORT+$7.1m$0+$7.1m
Jan 2025 SEC Form N-PORT+$39.0m$0+$39.0m
Dec 2024 SEC Form N-PORT+$13.3m$0+$13.3m

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of May 31, 2026. Updated when the fund files its next report.

VOLT key stats

52-week high, daily closes to Oct 28, 2026 (ETFIQ)$42.05 on Jun 22, 2026
52-week low, daily closes to Oct 28, 2026 (ETFIQ)$28.32 on Dec 17, 2025
Close on Oct 28, 2026, within that range (ETFIQ)$34.52, 45% of the way from the low to the high
Holdings26
Top ten holdings weight55.5%
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Oct 27, 2026
Trading · VOLTas of Oct 27, 2026
·
Not scored2 of 6 measured · Oct 27, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
$1,000$1.050.10%
$10,000$110.10%
Premium or discount to NAV, Oct 27 close−0.03%
−0.4%95% of days within ±0.27% · the 1% band is off this scale+0.4%
How to tradeLimit: midpoint + 4¢ to buy, midpoint − 4¢ to sell.At the Oct 27 close of $34.07, that’s $34.11 to buy and $34.03 to sell.
Full trading page: components, premium history, dealers →

VOLT top ten by weight, 55.5% of the fund, of its 26 equity positions, from the holdings published by its issuer for Oct 27, 2026. Source: the issuer’s own daily file.

AMPHENOL CORP APH 6.59%
BEL FUSE INC BELFB 6.43%
EATON CORP PLC ETN 5.95%
ENERGY TRANSFER LP ET 5.54%
NEXTERA ENERGY INC NEE 5.40%
AMERICAN ELECTRIC POWER CO INC AEP 5.38%
QUANTA SERVICES INC PWR 5.35%
POWELL INDUSTRIES INC POWL 5.10%
OGE ENERGY CORP OGE 4.93%
IDACORP INC IDA 4.79%
Holdings, the issuer’s own daily file ↗See all 26 holdings →Check overlap with another fund →

Source: Tema’s daily holdings file. Data as of Oct 27, 2026. Updated each trading day. Last checked Oct 28, 2026.

About VOLT

Theme (ETFIQ, editorial)Electrification and the grid
First tradedDec 4, 2024
Already in the S&P 500, by weight (ETFIQ)54.7%
Outside the S&P 500, by weight (ETFIQ)45%
Active share vs the S&P 500 (ETFIQ)96.9%
Already in the Nasdaq-100, by weight (ETFIQ)7.5%
Active share vs the Nasdaq-100 (ETFIQ)99.5%
Top ten holdings weight55.5%
Holdings26
Holdings published for (the issuer’s daily file)Oct 27, 2026
Holdings as of the close of (the issuer’s daily file)Oct 27, 2026
Top holdingsAMPHENOL CORP 6.6%, BEL FUSE INC 6.4%, EATON CORP PLC 6.0%, ENERGY TRANSFER LP 5.5%, NEXTERA ENERGY INC 5.4%, AMERICAN ELECTRIC POWER CO INC 5.4%, QUANTA SERVICES INC 5.3%, POWELL INDUSTRIES INC 5.1%, OGE ENERGY CORP 4.9%, IDACORP INC 4.8%
Net assets (issuer page, as of Oct 27, 2026)$975mReport
Benchmark (ETFIQ, from its filings)S&P 500 Total Return Index, measured by VOO, which tracks the same index
Benchmark named inits shareholder report, N-CSR, May 11, 2026
VOLT, 1 year to Oct 28, 2026+12.5%
VOO, the same days+13.7%
Against its benchmark, 1 year (ETFIQ)−1.2 pts
Below its all-time high (ETFIQ)−17.9%
Expense ratio (485BPOS XBRL, Jun 29, 2026)0.75%Report
Fee for the part that differs from the S&P 500, active expense ratio (ETFIQ)0.77%
Closest funds by holdings overlapPOW 44%, POWR 36%, ZAP 31%, TSES 31%, JOUL 31%
Against the S&P 500, 1 yearbehind by 1.2 pts
Against its benchmark, 1 yearbehind by 1.2 pts
Below its all-time high17.9%, high on Jun 22, 2026
How we measure
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.
Holdings from the file the issuer publishes daily; overlap and active share computed by ETFIQ against the IVV and QQQM books; returns from Tiingo end-of-day prices with distributions reinvested. Method
IQ Investment Committee on VOLT

12 seats on VOLT, as of Oct 28, 2026: 1 Mixed, 7 Challenges, 4 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyChallenges
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityChallenges
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherChallenges
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationChallenges
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingChallenges
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatMixed
Put VOLT to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about VOLT

How much of VOLT is in S&P 500 companies?
By its holdings published by its issuer for Oct 27, 2026, 55% of VOLT by weight is stocks the S&P 500 already holds. Its active share against the index is 97%, so that share is the part doing something different.
What does VOLT hold?
26 positions as published by its issuer for Oct 27, 2026, with the top ten at 56% of the fund. The largest are AMPHENOL CORP at 6.6%, BEL FUSE INC at 6.4%, EATON CORP PLC at 6.0%.
Has VOLT beaten the S&P 500?
Over the year to Oct 28, 2026 VOLT returned +12.5% with distributions reinvested, against +13.6% for the S&P 500, so it finished behind the index by 1.1 points.
What does VOLT cost?
The prospectus expense ratio is 0.75% a year. Because 97% of the fund differs from the S&P 500, the fee on that differing part works out at 0.77%.
Sources and dates
Prices, VOLT and Benchmark (VOO)Tiingo end-of-day · Oct 28, 2026
Fee, 0.75%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $975mIssuer page · Oct 27, 2026
HoldingsHoldings, the issuer’s own daily file · Oct 27, 2026 ↗
SourceHoldings filing (SEC Form N-PORT), the last one filed ↗
IssuerTema page for VOLT ↗
All fund filingsFund filings on SEC EDGAR ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, VOLT, thematic ETFs, data as of Oct 28, 2026. https://etfiq.com/funds/volt

The difference bar for VOLT, redrawn every trading night.

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Active share
How differently the money is placed, counting weights: one minus the sum of the smaller weight of each security across the fund and the index. 100% means nothing in common; 0% means the index itself. Two funds can hold the same names and still have a high active share if they weight them very differently.
Weight overlap
The share of money two portfolios hold in the same securities at the same weight.
Already in the index
The fund’s weight in securities the S&P 500 holds at all. A fund can be made entirely of index names and still have high active share, because it holds them at different weights.
Top ten
The weight of the ten largest holdings. Above 50% the fund is a bet on a handful of companies, whatever the theme.
Full definitions: thematic ETFs vocabulary page. →
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VOLT: 55% of VOLT's weight is in S&P 500 companies and 45% is outside the index. Holdings as of Oct 27, 2026.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/volt"><img src="https://etfiq.com/assistant/api/embed/themes/volt.svg" alt="VOLT: 55% of VOLT&#x27;s weight is in S&amp;P 500 companies and 45% is outside the index. Holdings as of Oct 27, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">VOLT: 55% of VOLT&#x27;s weight is in S&amp;P 500 companies and 45% is outside the index. Holdings as of Oct 27, 2026. Data: <a href="https://etfiq.com/funds/volt">ETFIQ</a></figcaption>
</figure>

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Snapshot, Oct 28, 2026. More on the tabs above.