NZAC vs VEGN

Comparison between STATE STREET(R) SPDR(R) MSCI ACWI CLIMATE PARIS ALIGNED ETF (NZAC, ETF) and US VEGAN CLIMATE ETF (VEGN, ETF).

5-Year PerformanceVEGN has outperformed NZAC, delivering a return of +14.2% compared to +8.9%

NZAC vs VEGN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NZAC(ETF)	VEGN(ETF)
Net Assets	$192M	$191M
Expense Ratio	0.12%	0.60%
Max Drawdown	33.72%	34.35%
Sharpe Ratio	0.91	1.52
5Y Beta	0.93	1.15
P/E Ratio	30.26	33.60
Forward P/E	22.88	20.92
PEG Ratio	0.42	N/A
5Y Dividends CAGR	10.11%	13.83%
5Y EPS CAGR	28.66%	24.67%
Debt to Equity	18.80%	46.16%
P/S Ratio	5.16	4.30
P/B Ratio	6.18	7.24

Net Assets

Winner

NZAC

$192M

VEGN

$191M

Expense Ratio

Winner

NZAC

0.12%

VEGN

0.60%

Max Drawdown

Winner

NZAC

33.72%

VEGN

34.35%

Sharpe Ratio

NZAC

0.91

Winner

VEGN

1.52

5Y Beta

Winner

NZAC

0.93

VEGN

1.15

P/E Ratio

Winner

NZAC

30.26

VEGN

33.60

Forward P/E

NZAC

22.88

Winner

VEGN

20.92

PEG Ratio

NZAC

0.42

VEGN

N/A

5Y Dividends CAGR

NZAC

10.11%

Winner

VEGN

13.83%

5Y EPS CAGR

Winner

NZAC

28.66%

VEGN

24.67%

Debt to Equity

Winner

NZAC

18.80%

VEGN

46.16%

P/S Ratio

NZAC

5.16

Winner

VEGN

4.30

P/B Ratio

Winner

NZAC

6.18

VEGN

7.24

NZAC vs VEGN - Holdings Comparison

NZAC and VEGN have 110 common holdings. Overlap is 24.12%

NZAC's top 25 holdings weight is 39.23%. VEGN's top 25 holdings weight is 68.49%.

Rank	NZAC	VEGN
#1	NVIDIA CORP (NVDA) - 6.00%	MICRON TECHNOLOGY INC (MU) - 4.89%
#2	APPLE INC (AAPL) - 5.20%	APPLE INC (AAPL) - 4.60%
#3	MICROSOFT CORP (MSFT) - 3.08%	ADVANCED MICRO DEVICES INC (AMD) - 4.47%
#4	AMAZON.COM INC (AMZN) - 2.49%	NVIDIA CORP (NVDA) - 4.04%
#5	ALPHABET INC CLASS C (GOOG) - 2.47%	BROADCOM INC (AVGO) - 4.02%
#6	BROADCOM INC (AVGO) - 1.91%	ALPHABET INC CLASS A (GOOGL) - 4.01%
#7	n/a (n/a) - 1.87%	VISA INC CLASS A (V) - 3.42%
#8	TESLA INC (TSLA) - 1.65%	APPLIED MATERIALS INC (AMAT) - 3.37%
#9	ALPHABET INC CLASS A (GOOGL) - 1.63%	LAM RESEARCH CORP (LRCX) - 3.00%
#10	META PLATFORMS INC CLASS A (META) - 1.59%	MASTERCARD INC CLASS A (MA) - 2.85%
#11	ADVANCED MICRO DEVICES INC (AMD) - 1.29%	CISCO SYSTEMS INC (CSCO) - 2.79%
#12	JPMORGAN CHASE & CO (JPM) - 1.22%	INTEL CORP (INTC) - 2.78%
#13	DIGITAL REALTY TRUST INC (DLR) - 1.16%	UNITEDHEALTH GROUP INC (UNH) - 2.68%
#14	ELI LILLY AND CO (LLY) - 1.14%	PALO ALTO NETWORKS INC (PANW) - 2.45%
#15	EQUINIX INC (EQIX) - 0.96%	KLA CORP (KLAC) - 2.42%
#16	MARVELL TECHNOLOGY INC (MRVL) - 0.93%	TEXAS INSTRUMENTS INC (TXN) - 2.13%
#17	WORLDCLIMATE PARI SEP26 IFUS 20260918 (n/a) - 0.83%	SANDISK CORP ORDINARY SHARES (SNDK) - 1.88%
#18	JOHNSON & JOHNSON (JNJ) - 0.79%	CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 1.67%
#19	ANALOG DEVICES INC (ADI) - 0.70%	ORACLE CORP (ORCL) - 1.67%
#20	MICRON TECHNOLOGY INC (MU) - 0.70%	INTERNATIONAL BUSINESS MACHINES CORP (IBM) - 1.67%
#21	THE TORONTO-DOMINION BANK (TD) - 0.33%	AMERICAN EXPRESS CO (AXP) - 1.66%
#22	SERVICENOW INC (NOW) - 0.33%	VERIZON COMMUNICATIONS INC (VZ) - 1.54%
#23	ASTRAZENECA PLC (AZN) - 0.32%	SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 1.53%
#24	SAMSUNG ELECTRONICS CO LTD (n/a) - 0.32%	MARVELL TECHNOLOGY INC (MRVL) - 1.49%
#25	TERNA SPA (n/a) - 0.32%	WESTERN DIGITAL CORP (WDC) - 1.46%
Total Holdings	627	261

NZAC vs VEGN - Historical Returns

Returns include dividend reinvestment.

Period	NZAC	VEGN
1 month	-0.43%	-3.22%
3 months	+2.30%	+17.64%
6 months	+4.63%	+23.66%
1 year	+13.75%	+35.22%
5 years(CAGR)	+8.85%	+14.18%
10 years(CAGR)	+11.56%	N/A
Max(CAGR)	+9.91%	+18.33%

Winner

NZAC

-0.43%

VEGN

-3.22%

NZAC

+2.30%

Winner

VEGN

+17.64%

NZAC

+4.63%

Winner

VEGN

+23.66%

NZAC

+13.75%

Winner

VEGN

+35.22%

5Y(CAGR)

NZAC

+8.85%

Winner

VEGN

+14.18%

10Y(CAGR)

NZAC

+11.56%

VEGN

N/A

Max(CAGR)

NZAC

+9.91%

Winner

VEGN

+18.33%

NZAC vs VEGN - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

Year	NZAC	VEGN
2026	+5.30%	+25.06%
2025	+20.53%	+14.22%
2024	+17.92%	+27.14%
2023	+22.65%	+38.60%
2022	-20.14%	-27.43%
2021	+19.09%	+27.30%
2020	+16.07%	+26.39%
2019	+28.09%	+9.10%
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 VEGN Drawdown Comparison

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

The maximum drawdown for VEGN was -34.15%, occurring on Mar 23, 2020. Recovery took 116 trading sessions.

The current NZAC drawdown is -3.80%. The current VEGN drawdown is -7.38%.

Rank	NZAC	VEGN
#1	-33.72% Feb 12, 2020 - Aug 24, 2020	-34.15% Feb 19, 2020 - Aug 4, 2020
#2	-28.30% Jan 4, 2022 - Feb 7, 2024	-33.40% Nov 8, 2021 - Jan 19, 2024
#3	-19.53% Jan 26, 2018 - Jul 3, 2019	-20.91% Jan 23, 2025 - Jun 30, 2025
#4	-18.13% May 19, 2015 - Dec 13, 2016	-11.85% Jan 29, 2026 - Apr 15, 2026
#5	-16.19% Feb 20, 2025 - May 19, 2025	-10.49% Jul 16, 2024 - Sep 19, 2024
#6	-10.10% Jan 27, 2026 - Apr 15, 2026	-10.03% Sep 2, 2020 - Nov 16, 2020
#7	-7.72% Jul 12, 2024 - Aug 19, 2024	-8.51% Jun 30, 2026 - Jul 20, 2026
#8	-7.46% Sep 2, 2020 - Nov 6, 2020	-7.78% Mar 12, 2024 - Jun 12, 2024
#9	-6.50% Jul 26, 2019 - Oct 24, 2019	-7.28% Oct 28, 2025 - Dec 10, 2025
#10	-5.72% Mar 27, 2024 - May 14, 2024	-7.17% Jun 2, 2026 - Jun 15, 2026
#11	-5.69% Sep 3, 2021 - Oct 28, 2021	-7.08% Feb 12, 2021 - Apr 5, 2021
#12	-5.62% Dec 6, 2024 - Feb 18, 2025	-6.03% Sep 3, 2021 - Oct 21, 2021
#13	-5.50% Oct 28, 2025 - Dec 24, 2025	-5.87% Apr 26, 2021 - Jun 14, 2021
#14	-5.31% Nov 26, 2014 - Feb 13, 2015	-5.32% Dec 16, 2024 - Jan 23, 2025
#15	-5.06% Feb 16, 2021 - Apr 5, 2021	-4.58% Dec 10, 2025 - Jan 6, 2026

Correlation

Correlation between NZAC and VEGN is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.

0.98

-101

Dividend Comparison (2014 - 2026)

NZAC vs VEGN dividend yield comparison.

Year	NZAC	VEGN
2026	0.66%	0.21%
2025	1.90%	0.51%
2024	1.88%	0.51%
2023	1.65%	0.67%
2022	1.81%	0.81%
2021	1.62%	0.41%
2020	1.59%	0.71%
2019	2.17%	0.29%
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%