# Electrification ETFs: 12 funds, largest first

> ETFIQ covers 12 electrification ETFs. The largest are GRID ($11.1bn), VOLT ($965m) and ZAP ($451m); fees run 0.35% to 0.96%, as of Oct 12 to 26, 2026.

Data as of Oct 27, 2026. Rebuilt every trading night.

Data as of Oct 27, 2026 .

## Electrification ETFs: what each one holds

See every electrification ETF by what it holds, not by its name. Funds that hold the companies that build and supply the electricity grid: transformers, cables, switchgear and the copper it all needs. 12 funds, largest first. Updated Oct 27, 2026. The typical fund carries 51% of its weight in S&P 500 stocks, the 9th most of the 53 themes with holdings on file.

12 US listed electrification ETFs

$11.1bn The largest, GRID

0.35% The cheapest, JOUL

+11.9% Best one year, FPWR

### The short answers

Least like the S&P 500 POW , VistaShares Electrification Supercycle ETF, 34.9% of its weight in S&P 500 companies. Closest pair POWR and ZAP , 48% of their weight in the same companies.

### What these funds actually own

Between them the 10 funds' ten largest holdings name 77 companies, of which 12 appear in more than one. Eaton Corporation Plc is among the ten largest of 5 of them, at an average of 7.7% of the fund.

| Company | Among the ten largest of | Average weight where it is | Largest, and in which fund |
| --- | --- | --- | --- |
| Eaton Corporation Plc ETN | 5 of 10 | 7.7% | 14.3% in JOUL |
| Quanta Services, Inc. PWR | 5 of 10 | 6.0% | 8.1% in GRID |
| Hubbell Incorporated HUBB | 4 of 10 | 3.6% | 4.7% in JOUL |
| GE VERNOVA GEV | 3 of 10 | 7.5% | 13.3% in JOUL |
| ENERGY TRANSFER LP ET | 3 of 10 | 5.9% | 7.2% in TPZ |
| nVent Electric plc NVT | 3 of 10 | 3.8% | 4.9% in JOUL |
| NEXTERA ENERGY INC NEE | 2 of 10 | 5.9% | 6.2% in POWR |
| BEL FUSE INC BELFB | 2 of 10 | 4.9% | 6.4% in VOLT |
| POWELL INDUSTRIES INC POWL | 2 of 10 | 4.2% | 5.0% in VOLT |
| CONSTELLATION ENERGY CORP CEG | 2 of 10 | 4.0% | 4.5% in TPZ |
| IDACORP INC IDA | 2 of 10 | 3.9% | 4.9% in VOLT |
| DUKE ENERGY CORP DUK | 2 of 10 | 3.8% | 4.0% in POWR |
| Johnson Controls International Plc JCI | 1 of 10 | 9.0% | 9.0% in GRID |
| ABB Ltd ABBN.SW | 1 of 10 | 7.5% | 7.5% in GRID |
| Schneider Electric SE SU.FP | 1 of 10 | 6.7% | 6.7% in GRID |

The 15 most widely held of 77. Each row counts the ten largest holdings of each fund, so a fund missing from a row may still hold that company lower down. Weights are of the funds that name it, not of the theme.

### The 10 largest electrification ETFs

ETFIQ covers 12 electrification ETFs. The largest are GRID ( $11.1bn ), VOLT ( $965m ) and ZAP ( $451m ); fees run 0.35% to 0.96% , as of Oct 12 to 26, 2026 .

- GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund $11.1bn 0.56%

- VOLT Tema Electrification ETF $965m 0.75%

- ZAP Global X U.S. Electrification ETF $451m 0.50%

- POWR iShares U.S. Power Infrastructure ETF $445m 0.39%

- TRFM AAM Transformers ETF $248m 0.49%

- ELFY ALPS Electrification Infrastructure ETF $203m 0.50%

- TPZ Tortoise Electrification Infrastructure ETF $129m 0.85%

- POW VistaShares Electrification Supercycle ETF $56m 0.75%

- FPWR First Trust EIP Power Solutions ETF $33m 0.96%

- JOUL Corgi High Voltage Grid Equipment ETF $8.6m 0.35%

| Ticker | Fund | Issuer | Net assets | In the S&P 500 | Active share | Total return 1Y | vs its benchmark 1Y | Fee |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| GRID | First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | First Trust | $11.1bn | 40.9% | 92.3% | +6.7% | −6.4 pts vs IWV | 0.56% |
| VOLT | Tema Electrification ETF | Tema | $965m | 55.0% | 96.9% | +11.0% | −2.6 pts vs VOO | 0.75% |
| ZAP | Global X U.S. Electrification ETF | Global X | $451m | 80.7% | 97.8% | +3.6% | not measured | 0.50% |
| POWR | iShares U.S. Power Infrastructure ETF | iShares | $445m | 80.9% | 96.9% | +4.6% | −8.5 pts vs ACWI | 0.39% |
| TRFM | AAM Transformers ETF | AAM | $248m | 46.7% | 79.2% | +10.4% | not measured | 0.49% |
| ELFY | ALPS Electrification Infrastructure ETF | ALPS | $203m | 47.9% | 94.6% | +3.5% | not measured | 0.50% |
| TPZ | Tortoise Electrification Infrastructure ETF | Tortoise | $129m | 54.6% | 98.3% | +3.1% | not measured | 0.85% |
| POW | VistaShares Electrification Supercycle ETF | VistaShares | $56m | 34.9% | 97.8% | first traded 364 days ago | · | 0.75% |
| FPWR | First Trust EIP Power Solutions ETF | First Trust | $33m | 56.5% | 97.2% | +11.9% | not measured | 0.96% |
| JOUL | Corgi High Voltage Grid Equipment ETF | Corgi | $8.6m | 38.0% | 99.0% | first traded 174 days ago | · | 0.35% |
| PWRZ | TrueShares Eagle Global Next Gen Power Infrastructure ETF | TrueShares | $6.0m | not published | not published | not published | · | 0.75% |
| KWH | GMO Power Infrastructure ETF | GMO | not read by ETFIQ | not yet filed | not yet filed | first traded 104 days ago | · | 0.60% |

### How much of each pair is the same fund

The closest pair is POWR and ZAP , which hold 48% of their weight in the same companies. The furthest apart is JOUL and TRFM at 1%. The middle pair of the 45 is 19%. The grid is the 10 largest of 12 funds.

| | GRID | VOLT | ZAP | POWR | TRFM | ELFY | TPZ | POW | FPWR | JOUL |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| GRID | · | 22% | 12% | 19% | 7% | 7% | 1% | 27% | 1% | 22% |
| VOLT | 22% | · | 31% | 36% | 6% | 16% | 22% | 44% | 21% | 30% |
| ZAP | 12% | 31% | · | 48% | 8% | 27% | 20% | 33% | 31% | 13% |
| POWR | 19% | 36% | 48% | · | 8% | 33% | 19% | 39% | 33% | 26% |
| TRFM | 7% | 6% | 8% | 8% | · | 13% | 4% | 8% | 6% | 1% |
| ELFY | 7% | 16% | 27% | 33% | 13% | · | 18% | 23% | 24% | 11% |
| TPZ | 1% | 22% | 20% | 19% | 4% | 18% | · | 12% | 34% | 2% |
| POW | 27% | 44% | 33% | 39% | 8% | 23% | 12% | · | 8% | 29% |
| FPWR | 1% | 21% | 31% | 33% | 6% | 24% | 34% | 8% | · | 1% |
| JOUL | 22% | 30% | 13% | 26% | 1% | 11% | 2% | 29% | 1% | · |

Weight overlap adds the smaller of the two weights for every company both funds hold. Funds with a cut-short book are left out, not compared short.

### What each fund holds alone

| Fund | Largest holding it alone has | Weight | All of its own names |
| --- | --- | --- | --- |
| GRID | E.ON SE EOAN.GY | 4.3% | 27.1% |
| VOLT | CATERPILLAR INC CAT | 2.0% | 4.9% |
| ZAP | NATIONAL GRID PLC | 3.8% | 4.2% |
| POWR | ANTERO RESOURCES AR | 1.8% | 4.7% |
| TRFM | DoorDash Inc DASH | 0.9% | 79.0% |
| ELFY | Sterling Infrastructure Inc | 1.7% | 29.3% |
| TPZ | Western Midstream Partners LP WES | 1.4% | 5.4% |
| POW | Delta Electronics Inc 2308 TT | 5.3% | 8.6% |
| FPWR | National Fuel Gas Company NFG | 3.6% | 19.9% |

### Questions people ask

How many electrification ETFs are there? ETFIQ covers 12 US listed electrification ETFs as of Oct 27, 2026. That is every one it can measure from the fund’s own published holdings. What is the largest electrification ETF? GRID , First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund, at $11.1bn in net assets as of Oct 26, 2026, the largest of the 11 electrification ETFs with a published size. What is the cheapest electrification ETF? JOUL , Corgi High Voltage Grid Equipment ETF, at 0.35% a year by its prospectus filed May 14, 2026, the lowest fee of the 12 electrification ETFs that publish one. Which electrification ETF has performed best over the past year? FPWR , First Trust EIP Power Solutions ETF, at +11.9% total return over the year to Oct 27, 2026, the highest of the 8 electrification ETFs with a full year of trading behind them. Past returns do not predict future ones. What do electrification ETFs hold? Funds that hold the companies that build and supply the electricity grid: transformers, cables, switchgear and the copper it all needs. Between them the 10 electrification ETFs ETFIQ can read name 77 companies in their ten largest holdings, by holdings dated May 31, 2026 to Oct 27, 2026, most widely Eaton Corporation Plc, which is among the ten largest of 5 of them. Do electrification ETFs hold the same companies? It depends which two. Across the 45 pairs of the 10 electrification ETFs with a full published book, by holdings dated May 31, 2026 to Oct 27, 2026, POWR and ZAP hold 48% of their weight in the same companies, JOUL and TRFM hold 1%, and the middle pair holds 19%. Two funds sold on one theme are not the same fund.

### What the issuers say about this theme

The issuers behind these electrification funds publish their own work on this theme. These are their pages and words, not ETFIQ’s. A fund company writing about a theme it sells is making a case.

| Issuer | What they publish | Kind |
| --- | --- | --- |
| First Trust | First Trust Investment Insights | Their research index |
| Tema | Tema ETFs insights | Their research index |
| Global X | Global X Insights, including The Next Big Theme | Their research index |
| iShares | iShares Portfolio Insights | Their research index |

### Where to next

### Sources

Links are sources, not endorsements.

ETFIQ is an independent publisher and makes no recommendations. Standards and sources

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, Electrification ETFs: what each one holds, data as of Oct 27, 2026. https://etfiq.com/themes/electrification
Licence: https://etfiq.com/license/ Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
HTML: https://etfiq.com/themes/electrification