VOLT vs ZAP

VOLTCTema Electrification ETF

ZAPBGlobal X U.S. Electrification ETF

In short

VOLT Most electrification funds hand the job to an index. VOLT is the stock-picker's version: an active, roughly 30-name global portfolio spanning power generation, grid equipment, software and storage.

ZAP Most 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

VOLT The Fund invests at least 80% of its net assets in common and preferred stocks of publicly listed companies economically tied to global electrification. Eligible businesses may supply electrification or power-generation materials, equipment, software, associated services, or electricity storage.

ZAP 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

• VOLT Actively managed and concentrated at roughly 30 names, while shelf leaders ELFY and ZAP simply follow an index. A manager's calls drive the portfolio, for better or worse.temaetfs.orgalpsfunds.comglobalxetfs.com
• The mandate is wide: at least 80% of assets in companies tied to global electrification, from generation materials and equipment to software, services and electricity storage.
• Global by charter, so European and Asian grid and equipment names are in play. ZAP, the biggest passive rival, is limited to US-listed developed-market companies.globalxetfs.com

• ZAP 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

• VOLT The 0.75% fee matches the group median, but index-run rivals ELFY and ZAP charge 0.50%. Active stock picking is what you are paying the difference for.
• About 30 holdings means individual names carry real weight. Swings are bigger than a broad-basket electrification index fund.
• Launched December 2024, so the record is short, and it sits in the lower half of our electrification group. Payouts come once or twice a year.

• ZAP 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

Full VOLT profile⁠

Full ZAP profile⁠