NZAC vs MSTB

Comparison between STATE STREET(R) SPDR(R) MSCI ACWI CLIMATE PARIS ALIGNED ETF (NZAC, ETF) and LHA MARKET STATE TACTICAL BETA ETF (MSTB, ETF).

5-Year PerformanceNZAC has outperformed MSTB, delivering a return of +9.7% compared to +8.4%

NZAC vs MSTB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NZAC(ETF)	MSTB(ETF)
Net Assets	$196M	$197M
Expense Ratio	0.12%	1.38%
Max Drawdown	33.72%	26.34%
Sharpe Ratio	1.19	1.22
5Y Beta	0.92	0.58
P/E Ratio	30.18	N/A
Forward P/E	23.86	N/A
PEG Ratio	0.48	N/A
5Y Dividends CAGR	10.11%	0.26%
5Y EPS CAGR	28.29%	N/A
Debt to Equity	17.77%	N/A
P/S Ratio	5.07	N/A
P/B Ratio	6.36	N/A

Net Assets

NZAC

$196M

Winner

MSTB

$197M

Expense Ratio

Winner

NZAC

0.12%

MSTB

1.38%

Max Drawdown

NZAC

33.72%

Winner

MSTB

26.34%

Sharpe Ratio

NZAC

1.19

Winner

MSTB

1.22

5Y Beta

NZAC

0.92

Winner

MSTB

0.58

P/E Ratio

NZAC

30.18

MSTB

N/A

Forward P/E

NZAC

23.86

MSTB

N/A

PEG Ratio

NZAC

0.48

MSTB

N/A

5Y Dividends CAGR

Winner

NZAC

10.11%

MSTB

0.26%

5Y EPS CAGR

NZAC

28.29%

MSTB

N/A

Debt to Equity

NZAC

17.77%

MSTB

N/A

P/S Ratio

NZAC

5.07

MSTB

N/A

P/B Ratio

NZAC

6.36

MSTB

N/A

NZAC vs MSTB - Holdings Comparison

NZAC and MSTB have 0 common holdings. Overlap is 0.00%

NZAC's top 25 holdings weight is 39.68%. MSTB's top 25 holdings weight is 89.65%.

Rank	NZAC	MSTB
#1	NVIDIA CORP (NVDA) - 6.19%	STATE STREET® SPDR® S&P 500® ETF (SPY) - 82.83%
#2	APPLE INC (AAPL) - 4.93%	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 3.41%
#3	MICROSOFT CORP (MSFT) - 3.37%	FIRST AMERICAN TREASURY OBLIGS X (FXFXX) - 3.41%
#4	AMAZON.COM INC (AMZN) - 2.46%	N/A
#5	ALPHABET INC CLASS C (GOOG) - 2.35%	N/A
#6	BROADCOM INC (AVGO) - 2.29%	N/A
#7	n/a (n/a) - 1.83%	N/A
#8	TESLA INC (TSLA) - 1.74%	N/A
#9	ALPHABET INC CLASS A (GOOGL) - 1.55%	N/A
#10	META PLATFORMS INC CLASS A (META) - 1.38%	N/A
#11	MARVELL TECHNOLOGY INC (MRVL) - 1.29%	N/A
#12	ADVANCED MICRO DEVICES INC (AMD) - 1.25%	N/A
#13	DIGITAL REALTY TRUST INC (DLR) - 1.18%	N/A
#14	JPMORGAN CHASE & CO (JPM) - 1.05%	N/A
#15	ELI LILLY AND CO (LLY) - 1.03%	N/A
#16	EQUINIX INC (EQIX) - 0.99%	N/A
#17	n/a (n/a) - 0.88%	N/A
#18	WORLDCLIMATE PARI JUN26 IFUS 20260619 (n/a) - 0.82%	N/A
#19	MICRON TECHNOLOGY INC (MU) - 0.81%	N/A
#20	INTERNATIONAL BUSINESS MACHINES CORP (IBM) - 0.75%	N/A
#21	ROCHE HOLDING AG ORDINARY SHARES NEW (n/a) - 0.32%	N/A
#22	AMERICAN EXPRESS CO (AXP) - 0.31%	N/A
#23	QUALCOMM INC (QCOM) - 0.31%	N/A
#24	TERNA SPA (n/a) - 0.30%	N/A
#25	n/a (PLTR) - 0.30%	N/A
Total Holdings	623	3

NZAC vs MSTB - Historical Returns

Returns include dividend reinvestment.

Period	NZAC	MSTB
1 month	+2.51%	+0.70%
3 months	+11.68%	+9.83%
6 months	+9.56%	+8.54%
1 year	+22.94%	+19.25%
5 years(CAGR)	+9.74%	+8.35%
10 years(CAGR)	+12.36%	N/A
Max(CAGR)	+10.27%	+11.23%

Winner

NZAC

+2.51%

MSTB

+0.70%

Winner

NZAC

+11.68%

MSTB

+9.83%

Winner

NZAC

+9.56%

MSTB

+8.54%

Winner

NZAC

+22.94%

MSTB

+19.25%

5Y(CAGR)

Winner

NZAC

+9.74%

MSTB

+8.35%

10Y(CAGR)

NZAC

+12.36%

MSTB

N/A

Max(CAGR)

NZAC

+10.27%

Winner

MSTB

+11.23%

NZAC vs MSTB - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

Year	NZAC	MSTB
2026	+8.23%	+8.11%
2025	+20.53%	+18.86%
2024	+17.92%	+19.29%
2023	+22.65%	+16.84%
2022	-20.14%	-23.20%
2021	+19.09%	+22.88%
2020	+16.07%	+9.44%
2019	+28.09%	N/A
2018	-10.30%	N/A
2017	+22.82%	N/A
2016	+10.73%	N/A
2015	-2.15%	N/A
2014	-2.07%	N/A

NZAC vs MSTB Drawdown Comparison

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

The maximum drawdown for MSTB was -25.64%, occurring on Sep 30, 2022. Recovery took 613 trading sessions.

The current NZAC drawdown is -1.13%. The current MSTB drawdown is -1.19%.

Rank	NZAC	MSTB
#1	-33.72% Feb 12, 2020 - Aug 24, 2020	-25.64% Jan 3, 2022 - Jun 12, 2024
#2	-28.30% Jan 4, 2022 - Feb 7, 2024	-10.81% Jan 23, 2025 - May 12, 2025
#3	-19.53% Jan 26, 2018 - Jul 3, 2019	-8.31% Oct 29, 2025 - Apr 16, 2026
#4	-18.13% May 19, 2015 - Dec 13, 2016	-6.18% Aug 30, 2021 - Nov 3, 2021
#5	-16.19% Feb 20, 2025 - May 19, 2025	-5.83% Nov 18, 2021 - Dec 23, 2021
#6	-10.10% Jan 27, 2026 - Apr 15, 2026	-5.60% Jul 16, 2024 - Sep 19, 2024
#7	-7.72% Jul 12, 2024 - Aug 19, 2024	-5.16% Oct 12, 2020 - Nov 9, 2020
#8	-7.46% Sep 2, 2020 - Nov 6, 2020	-5.03% Feb 12, 2021 - Apr 1, 2021
#9	-6.50% Jul 26, 2019 - Oct 24, 2019	-4.26% Dec 6, 2024 - Jan 23, 2025
#10	-5.72% Mar 27, 2024 - May 14, 2024	-4.09% Jun 2, 2026 - Jun 10, 2026
#11	-5.69% Sep 3, 2021 - Oct 28, 2021	-3.39% Jul 12, 2021 - Jul 23, 2021
#12	-5.62% Dec 6, 2024 - Feb 18, 2025	-3.20% May 7, 2021 - Jun 30, 2021
#13	-5.50% Oct 28, 2025 - Dec 24, 2025	-2.88% Oct 18, 2024 - Nov 7, 2024
#14	-5.31% Nov 26, 2014 - Feb 13, 2015	-2.80% Oct 8, 2025 - Oct 21, 2025
#15	-5.06% Feb 16, 2021 - Apr 5, 2021	-2.62% May 19, 2025 - Jun 3, 2025

Correlation

Correlation between NZAC and MSTB is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.

0.99

-101

Dividend Comparison (2014 - 2026)

NZAC vs MSTB dividend yield comparison.

Year	NZAC	MSTB
2026	0.64%	0.00%
2025	1.90%	0.41%
2024	1.88%	0.95%
2023	1.65%	0.16%
2022	1.81%	1.34%
2021	1.62%	2.20%
2020	1.59%	1.78%
2019	2.17%	0.00%
2018	2.53%	0.00%
2017	2.20%	0.00%
2016	2.00%	0.00%
2015	2.40%	0.00%
2014	0.18%	0.00%