ZAP vs. BILT
ZAP (Global X U.S. Electrification ETF) and BILT (iShares Infrastructure Active ETF) are both Utilities Equities funds. ZAP is passively managed, while BILT is actively managed. A 0.64 correlation means they provide meaningful diversification when combined. ZAP charges 0.50%/yr vs 0.60%/yr for BILT.
Performance
ZAP vs. BILT - Performance Comparison
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Returns By Period
In the year-to-date period, ZAP achieves a 15.14% return, which is significantly higher than BILT's 12.39% return.
ZAP
- 1D
- -0.63%
- 1M
- -3.98%
- YTD
- 15.14%
- 6M
- 13.19%
- 1Y
- 28.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BILT
- 1D
- 0.00%
- 1M
- -1.24%
- YTD
- 12.39%
- 6M
- 11.87%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZAP vs. BILT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ZAP Global X U.S. Electrification ETF | 15.14% | 2.97% |
BILT iShares Infrastructure Active ETF | 12.39% | 3.99% |
Correlation
The correlation between ZAP and BILT is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 1, 2025 | 0.64 |
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Return for Risk
ZAP vs. BILT — Risk / Return Rank
ZAP
BILT
ZAP vs. BILT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X U.S. Electrification ETF (ZAP) and iShares Infrastructure Active ETF (BILT). 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.
| ZAP | BILT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.01 | — | — |
| Martin ratioReturn relative to average drawdown | 10.25 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZAP | BILT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.63 | 2.00 | -0.36 |
Drawdowns
ZAP vs. BILT - Drawdown Comparison
The maximum ZAP drawdown since its inception was -12.38%, which is greater than BILT's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for ZAP and BILT.
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Drawdown Indicators
| ZAP | BILT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.38% | -5.38% | -7.00% |
Max Drawdown (1Y)Largest decline over 1 year | -7.23% | — | — |
Current DrawdownCurrent decline from peak | -4.11% | -2.36% | -1.75% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -1.44% | -1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | — | — |
Volatility
ZAP vs. BILT - Volatility Comparison
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Volatility by Period
| ZAP | BILT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.28% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.74% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.13% | 10.28% | +4.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.91% | 10.28% | +6.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.91% | 10.28% | +6.63% |
ZAP vs. BILT - Expense Ratio Comparison
ZAP has a 0.50% expense ratio, which is lower than BILT's 0.60% expense ratio.
Dividends
ZAP vs. BILT - Dividend Comparison
ZAP's dividend yield for the trailing twelve months is around 1.55%, more than BILT's 1.33% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BILT iShares Infrastructure Active ETF | 1.33% | 0.99% | 0.00% |
ZAP Global X U.S. Electrification ETF | 1.55% | 1.81% | 0.00% |
Frequently Asked Questions
ZAP and BILT have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZAP is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZAP is cheaper with a 0.50% expense ratio, compared with 0.60% for BILT.
ZAP has the higher dividend yield at 1.55%, compared with 1.33% for BILT.
They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for ZAP and 0.60% for BILT.
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