U.S. electricity demand is projected to increase 47% between 2024 and 2040 due to the expansion of AI data centers and manufacturing, as well as the adoption of EVs.1,2,3
Companies that can potentially benefit from U.S. electrification tailwinds include alternative and conventional electricity providers, and those involved in the growth and modernization of the U.S. power grid.
U.S. utilities will likely need to significantly expand power generation and grid infrastructure to keep up with the rising electricity demand and address other challenges, such as aging assets.
1NextEra, Oct 2024
2EIA, Dec 2024
3ICF, Sep 2024
Key Information |
The Global X U.S. Electrification ETF (ZAP) seeks to invest in companies that potentially stand to benefit from the increased electricity demand and electrification within the United States. This includes companies that are involved in conventional electricity generation, transmission, and distribution; alternative electricity generation and technology solutions; and the modernization, development, manufacturing, or implementation of grid infrastructure and smart grid technology.
The Global X U.S. Electrification ETF (ZAP) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Global X U.S. Electrification Index.
Trading Details |
Distributions |
Taxes |
NAV | Daily Change | |||
Market Price | Daily Change |
Fund NAV | Market Price | Index | |
---|---|---|---|
Options Details |
Net Assets (%) | Ticker | Name | SEDOL | Shares Held | Market Value |
---|---|---|---|---|---|
Exposure |
ETF Characteristics |
ETF Risk Stats |
Return on Equity | 12.20% | |
Weighted Avg. Market Cap | 43,036 M | |
2024 | 2025 | |
Price-to-earnings | 19.64 | 18.17 |
Price-to-book value | 2.27 | 2.16 |
NAV | $24.40 | Daily Change | $0.14 | 0.58% |
Market Price | $24.35 | Daily Change | $0.08 | 0.33% |
Sector | Weight (%) | |
---|---|---|
Utilities | 82.3 | |
Industrials | 17.6 | |
Consumer Discretionary | 0.1 |
Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
---|---|---|---|---|---|---|
5.22 | ETR | ENTERGY CORP | 2317087 | 84.26 | 36,399 | 3,066,979.74 |
4.79 | EXC | EXELON CORP | 2670519 | 46.80 | 60,122 | 2,813,709.60 |
4.68 | XEL | XCEL ENERGY INC | 2614807 | 71.55 | 38,426 | 2,749,380.30 |
4.65 | AEE | AMEREN CORPORATION | 2050832 | 98.63 | 27,713 | 2,733,333.19 |
4.45 | AEP | AMERICAN ELECTRIC POWER | 2026242 | 107.02 | 24,450 | 2,616,639.00 |
4.42 | NGG | NATIONAL GRID PLC-SP ADR | BZ8FYV0 | 71.71 | 36,206 | 2,596,332.26 |
4.21 | DUK | DUKE ENERGY CORP | B7VD3F2 | 121.42 | 20,390 | 2,475,753.80 |
4.09 | SO | SOUTHERN CO/THE | 2829601 | 91.13 | 26,407 | 2,406,469.91 |
4.08 | FE | FIRSTENERGY CORP | 2100920 | 42.57 | 56,392 | 2,400,607.44 |
4.01 | AME | AMETEK INC | 2089212 | 162.19 | 14,533 | 2,357,107.27 |
Holdings are subject to change. "Cash" denotes U.S. dollars.
As of recent month & quarter-end (Mar 31 2025) | Fund NAV | Market Price | Index |
---|---|---|---|
Year-to-Date | 1.15% | 1.32% | 1.28% |
1 Month | -1.76% | -1.60% | -1.71% |
3 Months | 1.15% | 1.32% | 1.28% |
Since Inception | -0.20% | -0.04% | -0.07% |
Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.