LENS vs. POW

Last updated Aug 5, 2026

LENS (Sarmaya Thematic ETF) and POW (VistaShares Electrification Supercycle ETF) are both exchange-traded funds - LENS is a Global Equities fund actively managed by Alpha Architect, while POW is a Actively Managed fund actively managed by VistaShares. Both are actively managed. Their 0.45 correlation means their historical movements had little consistent relationship. LENS charges 0.79%/yr vs 0.75%/yr for POW.

Performance

LENS vs. POW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sarmaya Thematic ETF (LENS) and VistaShares Electrification Supercycle ETF (POW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LENS achieves a 6.15% return, which is significantly lower than POW's 38.98% return.

LENS

• 1D: 0.99%
• 1M: 4.38%
• 6M: -10.73%
• YTD: 6.15%
• 1Y: 47.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 39.86%

POW

• 1D: 3.56%
• 1M: -5.46%
• 6M: 18.56%
• YTD: 38.98%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LENS Sarmaya Thematic ETF	$413.47K	$347.71K	$437.62K
POW VistaShares Electrification Supercycle ETF	$1.18M	$2.14M	$2.63M

LENS vs. POW - Yearly Performance Comparison

	2026 (YTD)	2025
LENS Sarmaya Thematic ETF	6.15%	16.19%
POW VistaShares Electrification Supercycle ETF	38.98%	-1.70%

Correlation

The correlation between LENS and POW is 0.45, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 28, 2025	0.45

Return for Risk

LENS vs. POW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LENS

LENS Risk / Return Rank: 52
LENS Sharpe Ratio Rank: 64
LENS Sortino Ratio Rank: 51
LENS Omega Ratio Rank: 62
LENS Calmar Ratio Rank: 47
LENS Martin Ratio Rank: 38

POW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LENS vs. POW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sarmaya Thematic ETF (LENS) and VistaShares Electrification Supercycle ETF (POW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	LENS	POW	Difference
Sharpe ratio: Return per unit of total volatility	1.70	—	—
Sortino ratio: Return per unit of downside risk	2.07	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	1.94	—	—
Martin ratio: Return relative to average drawdown	4.51	—	—

Drawdowns

LENS vs. POW - Drawdown Comparison

The maximum LENS drawdown since its inception was -24.55%, smaller than the maximum POW drawdown of -28.02%. Use the drawdown chart below to compare losses from any high point for LENS and POW.

Drawdown Indicators

	LENS	POW	Difference
Max Drawdown Largest peak-to-trough decline	-24.55%	-28.02%	+3.47%
Max Drawdown (1Y) Largest decline over 1 year	-24.55%	—	—
Current Drawdown Current decline from peak	-19.11%	-18.34%	-0.77%
Average Drawdown Average peak-to-trough decline	-5.59%	-5.66%	+0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.53%	—	—

Volatility

Volatility by Period

	LENS	POW	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.48%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.07%	34.48%	-6.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.50%	34.48%	-8.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.50%	34.48%	-8.98%

LENS vs. POW - Expense Ratio Comparison

LENS has a 0.79% expense ratio, which is higher than POW's 0.75% expense ratio.

Dividends

LENS vs. POW - Dividend Comparison

LENS's dividend yield for the trailing twelve months is around 1.51%, more than POW's 0.14% yield.

Position	TTM	2025
LENS Sarmaya Thematic ETF	1.51%	1.60%
POW VistaShares Electrification Supercycle ETF	0.14%	0.19%

Frequently Asked Questions

Can I hold both LENS and POW in my portfolio?

LENS and POW have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LENS or POW?

On fees, POW is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LENS or POW?

POW is cheaper with a 0.75% expense ratio, compared with 0.79% for LENS.

Which ETF pays a higher dividend yield, LENS or POW?

LENS has the higher dividend yield at 1.51%, compared with 0.14% for POW.

What is the main difference between LENS and POW?

LENS is categorized as Global Equities, while POW is Actively Managed. They also come from different issuers: Alpha Architect and VistaShares. Their fees differ too: 0.79% for LENS and 0.75% for POW.