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Launched · SEC filings

Global X U.S. Electrification ETF

ZAPNasdaqGlobal XB

$31.64+0.09 (+0.29%)

At close: Nov 2, 2026, 4:00 PM ET

B67/ 100

Rank 1 of 10 in Grid & Electrification

B67/100Rank 1 of 10inGrid & Electrification
Intraday session: up, 79 prints from 31.55 to 31.64. Range 31.51 to 31.76. Use the arrow keys to read each point.31.5031.6031.7031.7510 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$450M
1Y total return
+5.2%
Yield · Last 12 months
1.87%
Holdings
50
Avg volume · 30D
122K sh
52W range
low $28.89high $35.39
Launched
Filings
SEC EDGAR

The ETF.net ZAP Grade

Based on 5 of 6 pillars

B

Score 67 out of 100

Category
Grid & Electrification⁠
Rank
1 of 10
Six-pillar profile for ZAP. Scores out of 100: Cost 61, Risk 71, Mission not scored, Tradability 75, Holdings 67, Durability 76. Strongest: Durability (76). Weakest: Cost (61). Based on 5 of 6 pillars.

Score 67 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B61 out of 100
    Rank 4 of 10

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A71 out of 100
    Rank 2 of 10

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A75 out of 100
    Rank 3 of 10

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B67 out of 100
    Rank 3 of 10

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A76 out of 100
    Rank 3 of 10

Our read on ZAP

ETF.net Research

In short

BMost electrification funds buy the picks and shovels. ZAP also buys the power company: a US-focused index spanning conventional generation and delivery, alternative power, and grid hardware, priced at the low end of its peer group.

Stated mandate

The Fund seeks to track, before fees and expenses, the price and yield performance of the Global X U.S. Electrification Index. It invests at least 80% of net assets in securities of that index, including common stocks and ADRs.

Why people hold it

  • 0.50% expense ratio, tied for cheapest in its electrification cohort and comfortably under the 0.75% cohort median.
  • Three lanes in one basket: conventional electricity generation, transmission and distribution; alternative power; and grid and smart-grid technology. Pays quarterly.globalxetfs.com
  • Revenue screens keep the theme tight: grid and alternative names need 50%+ of revenue from the theme, conventional utilities 75% to get in.globalxetfs.com
  • Deliberately domestic. The index sticks to US-listed electrification names, while a peer like GRID tracks a global smart-grid benchmark.sec.govsec.gov 2

Worth knowing

  • Launched December 2024, so the track record is short and there is little history to judge it against.
  • About 40 holdings, and the prospectus says the fund concentrates its investments. Moves in power and grid names land with full force.sec.gov
  • Self-indexed: Global X owns the index its own fund tracks, and an affiliate administers it. Common in thematics, still worth knowing.sec.gov

ZAP Performance

Launched Dec 17, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
ZAP$10,518
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. ZAP $10,518. SPY $11,146. Use the arrow keys to read each point.$10,000$11,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for ZAP. Periods over one year show the average yearly return.
PeriodZAP
Year to date+10.4%
1 month+2.7%
3 months−2.1%
1 year+5.2%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ZAP
YearReturn barZAP
2026 YTD+10.4%
2025+21.9%
2024+1.3%

History from Dec 18, 2024

ZAP in the news

ZAP Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
1.87%Last 12 months
Payout per share
$0.59Last 12 months
Last payment
$0.15 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2024–2026

One bar per payment. 8 payments from 2024 to 2026 YTD. Dec 30, 2024 $0.00067; Apr 3, 2025 $0.14; Jul 3, 2025 $0.14; Oct 3, 2025 $0.10; Dec 30, 2025 $0.15; Apr 6, 2026 $0.13; Jul 6, 2026 $0.17; Oct 5, 2026 $0.15. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Oct 5, 2026Oct 8, 2026$0.15
Jul 6, 2026Jul 9, 2026$0.17
Apr 6, 2026Apr 9, 2026$0.13
Dec 30, 2025Jan 7, 2026$0.15
Oct 3, 2025Oct 10, 2025$0.10
Jul 3, 2025Jul 11, 2025$0.14
Apr 3, 2025Apr 10, 2025$0.14
Dec 30, 2024Jan 7, 2025$0.00067

$10,000 in ZAP 1 year ago paid $193 in dividends.

ZAP Risk

Risk pillarA71 out of 100Rank 2 of 10 in Grid & Electrification
How much the fund’s monthly returns vary, scaled to a year.
15.2%
Annualised · 22 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.87
vs 3-month T-bills · 22 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−13.0%
22 months · trough Sep 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.55
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

ZAP Cost

Compare ZAP and GASZ

Overpaying vs GASZ, tied cheapest in Grid & Electrification

$2,853

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ZAP 0.50%

    $9,979

  • GASZ 0.35% Tied cheapest

    $7,126

$10,000
30 years

Cost over time

  • ZAP 0.50%
  • GASZ 0.35%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530ZAP $9,979GASZ $7,126

Year by year

YearZAPGASZOverpaying
10$900$634$266
20$3,460$2,454$1,006
30$9,979$7,126$2,853

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