NZAC vs ECF

Comparison between STATE STREET(R) SPDR(R) MSCI ACWI CLIMATE PARIS ALIGNED ETF (NZAC, ETF) and Ellsworth Growth and Income Fund Ltd (ECF, ETF).

5-Year PerformanceNZAC has outperformed ECF, delivering a return of +9.4% compared to +4.2%

NZAC vs ECF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NZAC(ETF)	ECF(ETF)
Net Assets	$192M	$192M
Expense Ratio	0.12%	N/A
Max Drawdown	33.72%	60.60%
Sharpe Ratio	0.95	1.20
5Y Beta	0.93	0.67
P/E Ratio	30.26	N/A
Forward P/E	22.84	N/A
PEG Ratio	0.42	N/A
5Y Dividends CAGR	10.12%	-8.24%
5Y EPS CAGR	28.66%	N/A
Debt to Equity	18.80%	N/A
P/S Ratio	5.16	N/A
P/B Ratio	6.18	N/A

Net Assets

NZAC

$192M

Winner

ECF

$192M

Expense Ratio

NZAC

0.12%

ECF

N/A

Max Drawdown

Winner

NZAC

33.72%

ECF

60.60%

Sharpe Ratio

NZAC

0.95

Winner

ECF

1.20

5Y Beta

NZAC

0.93

Winner

ECF

0.67

P/E Ratio

NZAC

30.26

ECF

N/A

Forward P/E

NZAC

22.84

ECF

N/A

PEG Ratio

NZAC

0.42

ECF

N/A

5Y Dividends CAGR

Winner

NZAC

10.12%

ECF

-8.24%

5Y EPS CAGR

NZAC

28.66%

ECF

N/A

Debt to Equity

NZAC

18.80%

ECF

N/A

P/S Ratio

NZAC

5.16

ECF

N/A

P/B Ratio

NZAC

6.18

ECF

N/A

NZAC vs ECF - Historical Returns

Returns include dividend reinvestment.

Period	NZAC	ECF
1 month	-0.56%	-5.55%
3 months	+3.88%	+4.16%
6 months	+7.24%	+4.52%
1 year	+16.81%	+28.81%
5 years(CAGR)	+9.39%	+4.24%
10 years(CAGR)	+11.74%	+12.13%
Max(CAGR)	+10.07%	+8.52%

Winner

NZAC

-0.56%

ECF

-5.55%

NZAC

+3.88%

Winner

ECF

+4.16%

Winner

NZAC

+7.24%

ECF

+4.52%

NZAC

+16.81%

Winner

ECF

+28.81%

5Y(CAGR)

Winner

NZAC

+9.39%

ECF

+4.24%

10Y(CAGR)

NZAC

+11.74%

Winner

ECF

+12.13%

Max(CAGR)

Winner

NZAC

+10.07%

ECF

+8.52%

NZAC vs ECF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	NZAC	ECF
2026	+6.99%	+11.27%
2025	+20.53%	+31.41%
2024	+17.92%	+28.39%
2023	+22.65%	+7.98%
2022	-20.14%	-31.33%
2021	+19.09%	+0.80%
2020	+16.07%	+30.51%
2019	+28.09%	+47.82%
2018	-10.30%	-2.85%
2017	+22.82%	+19.34%
2016	+10.73%	+14.14%
2015	-2.15%	-0.99%
2014	-2.07%	+13.98%
2013	N/A	+15.71%
2012	N/A	+10.69%
2011	N/A	-8.03%
2010	N/A	+15.61%
2009	N/A	+38.37%
2008	N/A	-35.84%
2007	N/A	+10.78%
2006	N/A	+17.80%
2005	N/A	+0.74%
2004	N/A	+4.78%
2003	N/A	+7.45%
2002	N/A	-8.84%
2001	N/A	+12.55%
2000	N/A	+13.66%
1999	N/A	+2.28%

NZAC vs ECF Drawdown Comparison

The maximum drawdown for NZAC was -33.72%, occurring on Mar 23, 2020. Recovery took 134 trading sessions.

The maximum drawdown for ECF was -49.87%, occurring on Oct 10, 2008. Recovery took 801 trading sessions.

The current NZAC drawdown is -2.26%. The current ECF drawdown is -7.19%.

Rank	NZAC	ECF
#1	-33.72% Feb 12, 2020 - Aug 24, 2020	-49.87% Oct 29, 2007 - Jan 3, 2011
#2	-28.30% Jan 4, 2022 - Feb 7, 2024	-47.25% Feb 16, 2021 - Oct 8, 2025
#3	-19.53% Jan 26, 2018 - Jul 3, 2019	-42.19% Feb 20, 2020 - Aug 3, 2020
#4	-18.13% May 19, 2015 - Dec 13, 2016	-22.03% Sep 26, 2018 - Jun 18, 2019
#5	-16.19% Feb 20, 2025 - May 19, 2025	-20.58% Jun 23, 2015 - Aug 9, 2016
#6	-10.10% Jan 27, 2026 - Apr 15, 2026	-20.19% May 31, 2011 - Oct 3, 2012
#7	-7.72% Jul 12, 2024 - Aug 19, 2024	-20.18% Jan 9, 2002 - Jun 6, 2003
#8	-7.46% Sep 2, 2020 - Nov 6, 2020	-16.57% Aug 31, 2001 - Nov 21, 2001
#9	-6.50% Jul 26, 2019 - Oct 24, 2019	-14.75% Aug 31, 2000 - Jan 30, 2001
#10	-5.72% Mar 27, 2024 - May 14, 2024	-14.28% Mar 5, 2004 - Jan 9, 2006
#11	-5.69% Sep 3, 2021 - Oct 28, 2021	-13.92% Jul 23, 2007 - Oct 5, 2007
#12	-5.62% Dec 6, 2024 - Feb 18, 2025	-13.17% Jan 28, 2026 - Apr 24, 2026
#13	-5.50% Oct 28, 2025 - Dec 24, 2025	-11.90% Aug 18, 2020 - Nov 16, 2020
#14	-5.31% Nov 26, 2014 - Feb 13, 2015	-10.00% Jan 24, 2018 - Jun 20, 2018
#15	-5.06% Feb 16, 2021 - Apr 5, 2021	-9.60% Sep 3, 2014 - Nov 26, 2014

Correlation

Correlation between NZAC and ECF is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2000 - 2026)

NZAC vs ECF dividend yield comparison.

Year	NZAC	ECF
2026	0.65%	3.02%
2025	1.90%	7.39%
2024	1.88%	5.47%
2023	1.65%	6.44%
2022	1.81%	6.52%
2021	1.62%	12.14%
2020	1.59%	9.59%
2019	2.17%	6.63%
2018	2.53%	5.82%
2017	2.20%	4.68%
2016	2.00%	5.32%
2015	2.40%	10.22%
2014	0.18%	6.08%
2013	0.00%	2.97%
2012	0.00%	3.68%
2011	0.00%	3.70%
2010	0.00%	3.72%
2009	0.00%	4.79%
2008	0.00%	7.64%
2007	0.00%	14.06%
2006	0.00%	7.16%
2005	0.00%	3.94%
2004	0.00%	3.65%
2003	0.00%	4.00%
2002	0.00%	4.51%
2001	0.00%	5.55%
2000	0.00%	21.69%