ZAP
Global X U.S. Electrification ETF
US
EQUITY
Rules-Based
MANAGEMENT STYLE
260.6 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Fund sponsor | Global X |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 17, 2024 |
| Assets (mns) | $261 |
| Expense ratio | 50 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| AMETEK INC | 4.3 % |
| AMERICAN ELECTRIC POWER | 4.1 % |
| QUANTA SERVICES INC | 4.1 % |
| DOMINION RESOURCES INC/VA | 4.1 % |
| ENTERGY CORP | 4.1 % |
| NATIONAL GRID PLC SPONSORED ADR | 4.1 % |
| EATON CORP PLC | 4.0 % |
| XCEL ENERGY INC | 4.0 % |
| NEXTERA ENERGY GROUP | 4.0 % |
| PUBLIC SERVICE ENTERPRISE GP | 4.0 % |
Constituent Breakdown
| Number of holdings | 51 |
| Herfindahl-Hirschman Index | 330 |
| Wgt avg mkt cap (mns) | $56,740 |
| Large cap (>$10bn) | 91.2% |
| Mid cap ($2-10bn) | 8.4% |
| Small cap (<$2bn) | 0.5% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 90.2 % |
 |
BRITAIN | 4.1 % |
 |
IRELAND | 4.0 % |
 |
CANADA | 1.7 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 26.1% | -- | -- | -- | -- | -- | -- | -80.8% |
| Dividend Yield | 1.4% | -- | -- | -- | -- | -- | -- | 0.2% |
| Total Returns | 27.4% | -- | -- | -- | -- | -- | -- | -80.6% | Ann. Volatility | 17.4% | -- | -- | -- | -- | -- | -- | 93.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 118 |
| ADV traded (mns) | $4 |
| Turnover | 1.4% |
| Avg. Bid/Ask (% of price) | 0.17% |
Technical Indicators
| Recent close | $30.62 |
| 30d moving avg. | $30.39 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 59 |
| Short interest | 0.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| FUTY | Fidelity MSCI Utilities Index ETF | 56.7% | -42 bp | +5.0% |
| RSPU | Invesco S&P 500 Equal Weight Utilities ETF | 56.0% | -10 bp | +5.2% |
| XLU | The Utilities Select Sector SPDR Fund | 53.3% | -42 bp | +4.9% |
| VPU | Vanguard Utilities ETF | 53.0% | -41 bp | +5.0% |
| IDU | iShares U.S. Utilities ETF | 50.7% | -10 bp | +4.6% |
| FILL | iShares MSCI Global Energy Producers ETF | 49.4% | -11 bp | +11.2% |
| FXU | First Trust Utilities AlphaDEX Fund | 45.5% | +14 bp | +5.5% |
| JXI | iShares Global Utilities ETF | 41.8% | -7 bp | +5.4% |
| PUI | Invesco Dorsey Wright Utilities Momentum ETF | 34.6% | +10 bp | +4.6% |
| FPWR | First Trust EIP Power Solutions ETF | 30.1% | +46 bp | +4.1% |
Risk and Returns: ZAP vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/13/2025
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
ZAP
3.7%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 999 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.4%. ZAP's ALTAR Score™ is approximately
0.8 standard deviations
below
the category average. This places ZAP in the 20nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ZAPSELL
U/W
HOLD
O/W
BUY