Skip to content

ZAP

GradeBNASDAQ Global Market

Global X - U.S. Electrification ETF

Themes · Global X · Inception 2024-12-17 · SEC filings

$30.66−0.43 (−1.38%)

As of Sep 23, 2026, 3:04 PM EDT

History starts Dec 18, 2024.
Intraday session: down, 59 prints from 31.09 to 30.66. Range 30.61 to 30.94. Use the arrow keys to read each point.$30.60$30.80$30.9010 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$446M
1Y return
+8.8%
Yield · Last 12 months
1.74%
Holdings
45
Volume · 30D
0.1M sh
NAV per share
$31.06
52W range
low $28.69high $35.39

The ETF.net ZAP Grade

B

66/ 100

Rank 1 of 10 in Grid & Electrification

Confidence Medium

Six-pillar profile for ZAP. Scores out of 100: Cost 61, Risk 68, Mission not scored, Tradability 71, Holdings 68, Durability 77. Strongest: Durability (77). Weakest: Cost (61). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 66 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 61
    Category rank5/10 · top 50%
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 68
    Category rank2/9 · top 22%
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 71
    Category rank1/10 · top 10%
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 68
    Category rank3/9 · top 33%
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 77
    Category rank2/10 · top 20%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on ZAP

ETF.net Research

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

  1. 010.50% expense ratio, tied for cheapest in its electrification cohort and comfortably under the 0.75% cohort median.
  2. 02Three lanes in one basket: conventional electricity generation, transmission and distribution; alternative power; and grid and smart-grid technology. Pays quarterly.globalxetfs.com
  3. 03Revenue screens keep the theme tight: grid and alternative names need 50%+ of revenue from the theme, conventional utilities 75% to get in.globalxetfs.com
  4. 04Deliberately domestic. The index sticks to US-listed electrification names, while a peer like GRID tracks a global smart-grid benchmark.sec.govsec.gov

Worth knowing

  1. 01Launched December 2024, so the track record is short and there is little history to judge it against.
  2. 02About 40 holdings, and the prospectus says the fund concentrates its investments. Moves in power and grid names land with full force.sec.gov
  3. 03Self-indexed: Global X owns the index its own fund tracks, and an affiliate administers it. Common in thematics, still worth knowing.sec.gov

ZAP Holdings

As of Sep 21, 2026, 6:06 PM
Asset class
Stocks
Holdings
45
Top-10 weight
43%
Largest holding
BE5.6%

Geography

  • United States89.95%
  • Ireland4.56%
  • United Kingdom3.84%
  • Canada1.65%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001BEBLOOM ENERGY CORP- A5.56%92,974$25M304
002PWRQUANTA SERVICES INC4.60%32,110$20M355
003ETNEATON CORP PLC4.55%47,573$20M259
004DDOMINION ENERGY INC4.41%308,618$20M277
005AMEAMETEK INC4.37%81,790$19M314
006EDCONSOLIDATED EDISON INC4.14%174,724$18M321
007DUKDUKE ENERGY CORP3.98%150,324$18M323
008SOSOUTHERN CO/THE3.91%203,246$17M331
009AEPAMERICAN ELECTRIC POWER3.90%144,582$17M337
010EXCEXELON CORP3.89%410,984$17M345
011XELXCEL ENERGY INC3.88%238,338$17M311
012NGGNATIONAL GRID PLC-SP ADR3.84%222,328$17M18
013ETRENTERGY CORP3.84%167,281$17M315
014NEENEXTERA ENERGY INC3.80%210,092$17M407
015CEGCONSTELLATION ENERGY3.74%65,242$17M353

Showing 1–15 of 46 holdings

ZAP Performance

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

ZAP$10,876
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. ZAP $10,876. SPY $11,723. Use the arrow keys to read each point.$9,319$10,858$12,396Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+7.9%
1 month−1.6%
3 months−10.1%
1 year+8.8%
3 yearsFund is under 3 years oldper year
5 yearsFund is under 5 years oldper year
10 yearsFund is under 10 years oldper year

As of the close, 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+7.9%
2025+21.9%
2024+1.3%

History from Dec 18, 2024

ZAP in the news

ETF.net Research hasn’t filed on ZAP yet — coverage lands here as it’s written.

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 Sep 22, 2026.
1.74%Last 12 months
Payout per share
$0.54Last 12 months
Last payment
$0.17 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. 7 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. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
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

ZAP Risk

How much the fund’s monthly returns vary, scaled to a year.
15.6%
Annualised · 20 months to Aug 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.
0.88
vs 3-month T-bills · 20 months to Aug 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.
−12.4%
21 months · trough Apr 2025
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.

ZAP Cost

Expense ratio0.50%
  • The middle half of Grid & Electrification funds
  • Median 0.53%

3 of the 10 Grid & Electrification funds charge less.

ZAP costs $50.00 a year on $10,000. The median Grid & Electrification fund costs $53.00.