ZIG vs SPAL

Comparison between THE ACQUIRERS FUND (ZIG, ETF) and GraniteShares 2x Long SpaceX Daily ETF (SPAL, ETF).

ZIG vs SPAL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ZIG(ETF)	SPAL(ETF)
Net Assets	$31M	$31M
Expense Ratio	0.75%	N/A
Max Drawdown	37.14%	67.60%
Sharpe Ratio	0.47	-5.90
5Y Beta	0.89	4.84
P/E Ratio	13.67	N/A
Forward P/E	11.70	N/A
5Y Dividends CAGR	103.37%	N/A
5Y EPS CAGR	15.88%	N/A
Debt to Equity	-254.11%	N/A
P/S Ratio	1.38	N/A
P/B Ratio	2.69	N/A

Net Assets

ZIG

$31M

SPAL

$31M

Expense Ratio

ZIG

0.75%

SPAL

N/A

Max Drawdown

Winner

ZIG

37.14%

SPAL

67.60%

Sharpe Ratio

Winner

ZIG

0.47

SPAL

-5.90

5Y Beta

Winner

ZIG

0.89

SPAL

4.84

P/E Ratio

ZIG

13.67

SPAL

N/A

Forward P/E

ZIG

11.70

SPAL

N/A

5Y Dividends CAGR

ZIG

103.37%

SPAL

N/A

5Y EPS CAGR

ZIG

15.88%

SPAL

N/A

Debt to Equity

ZIG

-254.11%

SPAL

N/A

P/S Ratio

ZIG

1.38

SPAL

N/A

P/B Ratio

ZIG

2.69

SPAL

N/A

ZIG vs SPAL - Historical Returns

Returns include dividend reinvestment.

Period	ZIG	SPAL
1 month	+1.95%	-39.09%
3 months	-1.59%	N/A
6 months	+1.60%	N/A
1 year	+11.12%	N/A
5 years(CAGR)	+8.92%	N/A
Max(CAGR)	+7.55%	-100.00%

Winner

ZIG

+1.95%

SPAL

-39.09%

ZIG

-1.59%

SPAL

N/A

ZIG

+1.60%

SPAL

N/A

ZIG

+11.12%

SPAL

N/A

5Y(CAGR)

ZIG

+8.92%

SPAL

N/A

Max(CAGR)

Winner

ZIG

+7.55%

SPAL

-100.00%

ZIG vs SPAL - Annual Returns (2019 - 2026)

Returns include dividend reinvestment.

Year	ZIG	SPAL
2026	+7.79%	-62.82%
2025	-2.98%	N/A
2024	+11.34%	N/A
2023	+36.79%	N/A
2022	-16.79%	N/A
2021	+36.86%	N/A
2020	-15.93%	N/A
2019	+9.07%	N/A

ZIG vs SPAL Drawdown Comparison

The maximum drawdown for ZIG was -37.14%, occurring on Mar 23, 2020. Recovery took 350 trading sessions.

The maximum drawdown for SPAL was -67.60%, occurring on Jul 20, 2026. This drawdown has not yet recovered.

The current ZIG drawdown is -5.29%. The current SPAL drawdown is -65.72%.

Rank	ZIG	SPAL
#1	-37.14% Dec 17, 2019 - May 10, 2021	-67.60% Jun 16, 2026 - Jul 20, 2026
#2	-29.75% Nov 25, 2024 - Apr 8, 2025	N/A
#3	-28.84% Dec 29, 2021 - Jul 13, 2023	N/A
#4	-13.19% Jul 24, 2019 - Nov 4, 2019	N/A
#5	-9.65% Aug 1, 2023 - Dec 1, 2023	N/A
#6	-9.20% Jul 31, 2024 - Oct 11, 2024	N/A
#7	-7.11% May 21, 2019 - Jun 28, 2019	N/A
#8	-6.31% May 10, 2021 - Jul 23, 2021	N/A
#9	-5.76% May 31, 2024 - Jul 15, 2024	N/A
#10	-5.64% Apr 1, 2024 - May 31, 2024	N/A
#11	-4.70% Dec 27, 2023 - Jan 30, 2024	N/A
#12	-4.66% Aug 30, 2021 - Oct 20, 2021	N/A
#13	-4.14% Jan 30, 2024 - Feb 12, 2024	N/A
#14	-3.92% Oct 17, 2024 - Nov 6, 2024	N/A
#15	-3.46% Feb 12, 2024 - Feb 27, 2024	N/A

Correlation

Correlation between ZIG and SPAL is -1.00 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-1.00

-101