NZAC vs. PHEQ ETF Comparison

Comparison of SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) to Parametric Hedged Equity ETF (PHEQ)

NZAC

SPDR MSCI ACWI Climate Paris Aligned ETF

NZAC Description

The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to exceed the minimum standards for a "Paris-Aligned Benchmark" under the EU BMR. A Paris-Aligned Benchmark is designed to align with a principal objective of the Paris Agreement to limit the increase in the global average temperature to well below 2 degrees Celsius above pre-industrial levels.

Grade (RS Rating)

Last Trade

$37.32

Average Daily Volume

6,937

Number of Holdings ^*

370

* may have additional holdings in another (foreign) market

PHEQ

Parametric Hedged Equity ETF

PHEQ Description

The fund seeks to provide capital appreciation by investing its net assets in equity securities of certain U.S. large capitalization companies that are constituents of the Solactive GBS US 500 at the time of purchase.

Grade (RS Rating)

Last Trade

$29.49

Average Daily Volume

19,326

Number of Holdings ^*

203

* may have additional holdings in another (foreign) market

Performance

Period	NZAC	PHEQ
30 Days	0.97%	1.99%
60 Days	0.81%	3.02%
90 Days	2.64%	3.86%
12 Months	25.98%	16.61%

124 Overlapping Holdings

Symbol	Grade	Weight in NZAC	Weight in PHEQ	Overlap
AAPL	C	4.47%	6.85%	4.47%
ABBV	D	0.34%	0.85%	0.34%
ABBV	D	0.6%	0.85%	0.6%
ABNB	C	0.05%	0.15%	0.05%
ABT	B	0.19%	0.6%	0.19%
ADBE	C	0.35%	0.48%	0.35%
ALGN	D	0.03%	0.06%	0.03%
ALNY	D	0.03%	0.13%	0.03%
AMD	F	0.27%	0.51%	0.27%
AME	A	0.16%	0.28%	0.16%
AMGN	D	0.21%	0.45%	0.21%
AMZN	C	2.38%	4.1%	2.38%
APO	B	0.17%	0.3%	0.17%
AVB	B	0.12%	0.35%	0.12%
AVGO	D	1.1%	1.71%	1.1%
AVTR	F	0.03%	0.06%	0.03%
AXP	A	0.36%	0.57%	0.36%
BAC	A	0.44%	0.98%	0.44%
BAH	F	0.03%	0.12%	0.03%
BKNG	A	0.24%	0.39%	0.24%
BMY	B	0.24%	0.48%	0.24%
BRK.A	B	0.39%	1.42%	0.39%
BRO	B	0.05%	0.31%	0.05%
COIN	C	0.04%	0.12%	0.04%
CRM	B	0.42%	0.63%	0.42%
CRWD	B	0.02%	0.17%	0.02%
CSCO	B	0.4%	0.79%	0.4%
CTAS	B	0.04%	0.42%	0.04%
DASH	A	0.02%	0.13%	0.02%
DE	A	0.14%	0.44%	0.14%
DIS	B	0.29%	0.57%	0.29%
DOC	D	0.01%	0.29%	0.01%
ENPH	F	0.05%	0.03%	0.03%
EQR	B	0.07%	0.32%	0.07%
ESS	B	0.1%	0.19%	0.1%
EXR	D	0.04%	0.32%	0.04%
GLW	B	0.19%	0.25%	0.19%
GOOG	C	1.45%	1.9%	1.45%
GOOGL	C	1.03%	2.28%	1.03%
HBAN	A	0.02%	0.31%	0.02%
HD	A	0.58%	1.15%	0.58%
HEI	B	0.02%	0.22%	0.02%
HEI	B	0.02%	0.14%	0.02%
HIG	B	0.12%	0.33%	0.12%
IBM	C	0.6%	0.56%	0.56%
ILMN	D	0.04%	0.05%	0.04%
ISRG	A	0.31%	0.58%	0.31%
JNJ	D	0.62%	1.04%	0.62%
JPM	A	1.09%	1.73%	1.09%
KKR	A	0.13%	0.46%	0.13%
KLAC	D	0.15%	0.34%	0.15%
LH	C	0.02%	0.31%	0.02%
LIN	D	0.07%	0.67%	0.07%
LLY	F	0.94%	1.39%	0.94%
LOW	D	0.25%	0.57%	0.25%
LRCX	F	0.1%	0.29%	0.1%
LULU	C	0.08%	0.21%	0.08%
MA	C	0.65%	1.14%	0.65%
MDT	D	0.23%	0.51%	0.23%
MELI	D	0.14%	0.25%	0.14%
META	D	1.62%	2.66%	1.62%
MKL	A	0.07%	0.23%	0.07%
MMM	D	0.02%	0.44%	0.02%
MOH	F	0.02%	0.14%	0.02%
MRK	F	0.47%	0.69%	0.47%
MRNA	F	0.01%	0.01%	0.01%
MRVL	B	0.12%	0.25%	0.12%
MS	A	0.26%	0.39%	0.26%
MSFT	F	4.03%	6.55%	4.03%
MSTR	C	0.02%	0.2%	0.02%
MU	D	0.09%	0.31%	0.09%
NDAQ	A	0.04%	0.24%	0.04%
NEM	D	0.08%	0.23%	0.08%
NFLX	A	0.49%	0.8%	0.49%
NOW	A	0.39%	0.61%	0.39%
NVDA	C	4.67%	7.12%	4.67%
ORCL	B	0.59%	0.73%	0.59%
PANW	C	0.14%	0.3%	0.14%
PHM	D	0.04%	0.3%	0.04%
PINS	D	0.01%	0.03%	0.01%
PLTR	B	0.07%	0.36%	0.07%
PPG	F	0.11%	0.18%	0.11%
PRU	A	0.15%	0.37%	0.15%
PYPL	B	0.13%	0.28%	0.13%
QCOM	F	0.26%	0.33%	0.26%
REGN	F	0.1%	0.21%	0.1%
RMD	C	0.07%	0.24%	0.07%
ROST	C	0.09%	0.32%	0.09%
RPRX	D	0.02%	0.04%	0.02%
SCCO	F	0.08%	0.07%	0.07%
SCHW	B	0.19%	0.35%	0.19%
SNAP	C	0.01%	0.05%	0.01%
SNOW	C	0.02%	0.06%	0.02%
SQ	B	0.02%	0.12%	0.02%
SQ	B	0.01%	0.12%	0.01%
STLD	B	0.01%	0.11%	0.01%
SUI	D	0.01%	0.1%	0.01%
SYF	B	0.09%	0.27%	0.09%
T	A	0.18%	0.68%	0.18%
TMO	F	0.32%	0.59%	0.32%
TMUS	B	0.13%	0.51%	0.13%
TRU	D	0.01%	0.09%	0.01%
TRV	B	0.15%	0.39%	0.15%
TSLA	B	1.32%	1.91%	1.32%
TTD	B	0.05%	0.18%	0.05%
TW	A	0.02%	0.11%	0.02%
TXN	C	0.27%	0.59%	0.27%
UBER	D	0.17%	0.29%	0.17%
ULTA	F	0.05%	0.23%	0.05%
UNH	C	0.77%	1.37%	0.77%
UNP	C	0.21%	0.52%	0.21%
URI	B	0.05%	0.24%	0.05%
V	A	0.75%	1.28%	0.75%
VEEV	C	0.03%	0.1%	0.03%
VRT	B	0.02%	0.1%	0.02%
VRTX	F	0.14%	0.36%	0.14%
WDAY	B	0.03%	0.13%	0.03%
WFC	A	0.25%	0.67%	0.25%
WM	A	0.1%	0.44%	0.1%
WMT	A	0.35%	0.96%	0.35%
WRB	A	0.07%	0.21%	0.07%
YUM	B	0.07%	0.33%	0.07%
ZBH	C	0.05%	0.14%	0.05%
ZM	B	0.02%	0.18%	0.02%

NZAC Overweight 247 Positions Relative to PHEQ

Symbol	Grade	Weight
EIX	B	0.81%
SHW	A	0.56%
ADI	D	0.46%
NVS	D	0.41%
ACN	C	0.39%
DLR	B	0.39%
SPGI	C	0.38%
ACM	A	0.36%
MCD	D	0.36%
XYL	D	0.36%
TJX	A	0.36%
EQIX	A	0.33%
ITW	B	0.33%
BSX	B	0.31%
INTU	C	0.31%
AFL	B	0.28%
ETN	A	0.28%
MSI	B	0.27%
BLK	C	0.27%
SYK	C	0.25%
CMCSA	B	0.25%
PH	A	0.25%
CB	C	0.24%
PWR	A	0.24%
BABA	D	0.24%
PNR	A	0.23%
PGR	A	0.22%
MCO	B	0.22%
VZ	C	0.21%
GWW	B	0.21%
PLD	D	0.21%
MET	A	0.21%
MMC	B	0.2%
ADP	B	0.2%
TD	F	0.19%
PFE	D	0.19%
PNC	B	0.19%
DHR	F	0.19%
BX	A	0.19%
FI	A	0.18%
CBRE	B	0.18%
INTC	D	0.18%
FFIV	B	0.18%
ORLY	B	0.18%
FAST	B	0.17%
SONY	B	0.17%
ELV	F	0.17%
HPE	B	0.16%
AMP	A	0.16%
FSLR	F	0.16%
ZTS	D	0.16%
WELL	A	0.15%
SBUX	A	0.15%
SPG	B	0.15%
EBAY	D	0.14%
HDB	C	0.14%
COF	B	0.14%
ALL	A	0.14%
AIG	B	0.14%
TDG	D	0.13%
ICE	C	0.13%
BK	A	0.13%
CDW	F	0.13%
JNPR	F	0.13%
AMAT	F	0.12%
SHOP	B	0.12%
ACGL	D	0.12%
USB	A	0.12%
CME	A	0.12%
AMT	D	0.11%
AON	A	0.11%
EW	C	0.11%
BDX	F	0.11%
LI	F	0.11%
PSA	D	0.11%
APH	A	0.11%
INFY	B	0.11%
NKE	D	0.11%
AZO	C	0.1%
MTB	A	0.1%
CHD	B	0.1%
EQH	B	0.1%
IQV	D	0.1%
DEO	F	0.1%
TDY	B	0.1%
FTNT	C	0.09%
AIZ	A	0.09%
ADSK	A	0.09%
DFS	B	0.09%
ALLE	D	0.09%
CSX	B	0.09%
FTV	C	0.09%
PDD	F	0.08%
KDP	D	0.08%
GRMN	B	0.08%
CTSH	B	0.08%
REG	B	0.08%
PAYX	C	0.08%
MUFG	B	0.08%
GIS	D	0.08%
WAB	B	0.08%
RS	B	0.08%
ROK	B	0.08%
BR	A	0.08%
O	D	0.07%
FIS	C	0.07%
CINF	A	0.07%
BXP	D	0.07%
RVTY	F	0.07%
UPS	C	0.07%
TRMB	B	0.07%
CCI	D	0.07%
RF	A	0.07%
HSBH	B	0.07%
CMG	B	0.07%
AJG	B	0.07%
AFG	A	0.07%
WIT	A	0.07%
WTW	B	0.07%
CHTR	C	0.07%
A	D	0.06%
VTR	C	0.06%
NTAP	C	0.06%
DHI	D	0.06%
IRM	D	0.06%
MTD	D	0.06%
TCOM	B	0.06%
ECL	D	0.06%
GS	A	0.06%
PCAR	B	0.06%
LEN	D	0.06%
ANET	C	0.06%
GILD	C	0.06%
AXON	A	0.06%
IDXX	F	0.06%
KEYS	A	0.06%
HUM	C	0.06%
CPAY	A	0.05%
LYV	A	0.05%
VRSK	A	0.05%
NTRS	A	0.05%
HOLX	D	0.05%
GPN	B	0.05%
TROW	B	0.05%
HSY	F	0.05%
HSIC	B	0.05%
RJF	A	0.04%
CEG	D	0.04%
DXCM	D	0.04%
NSC	B	0.04%
FOXA	B	0.04%
UHAL	D	0.04%
BCS	C	0.04%
XPEV	C	0.04%
CPRT	A	0.04%
IEX	B	0.04%
EFX	F	0.03%
STE	F	0.03%
NVR	D	0.03%
AZN	D	0.03%
VICI	C	0.03%
MNST	C	0.03%
XRX	F	0.03%
VLTO	D	0.03%
CCEP	C	0.03%
EG	C	0.03%
SBAC	D	0.03%
CARR	D	0.03%
LKQ	D	0.03%
ERIE	D	0.03%
GDDY	A	0.03%
BIIB	F	0.03%
OMC	C	0.03%
IT	C	0.03%
CBOE	B	0.03%
FOX	A	0.03%
EL	F	0.03%
BIDU	F	0.03%
BURL	A	0.03%
TER	D	0.03%
STZ	D	0.03%
Z	A	0.02%
CG	A	0.02%
NIO	F	0.02%
ANSS	B	0.02%
ALLY	C	0.02%
VMC	B	0.02%
BMRN	D	0.02%
TFX	F	0.02%
ROL	B	0.02%
STT	A	0.02%
SNA	A	0.02%
WST	C	0.02%
TT	A	0.02%
WAT	B	0.02%
DGX	A	0.02%
SEIC	B	0.02%
ZBRA	B	0.02%
PODD	C	0.02%
BCH	F	0.02%
ASAI	F	0.02%
CTLT	B	0.02%
BAX	D	0.02%
MAR	B	0.02%
ODFL	B	0.02%
DLTR	F	0.02%
HLT	A	0.02%
ROP	B	0.02%
POOL	C	0.02%
CSGP	D	0.02%
TGT	F	0.02%
MBAVU	D	0.01%
SMCI	F	0.01%
QGEN	D	0.01%
EXAS	D	0.01%
SWKS	F	0.01%
MTCH	D	0.01%
BBWI	D	0.01%
WYNN	D	0.01%
RIVN	F	0.01%
NXPI	D	0.01%
JKHY	D	0.01%
TECH	D	0.01%
BIO	D	0.01%
ALB	C	0.01%
C	A	0.01%
PAYC	B	0.01%
EPAM	C	0.01%
KVUE	A	0.01%
MAS	D	0.01%
CLX	B	0.01%
MKC	D	0.01%
MKTX	D	0.01%
FDS	B	0.01%
EA	A	0.01%
NBIX	C	0.01%
IPG	D	0.01%
KB	B	0.01%
WPC	D	0.01%
INCY	C	0.01%
VRSN	F	0.01%
QFIN	B	0.01%
DOCU	A	0.01%
LYG	F	0.01%
TEVA	D	0.01%
NIO	F	0.0%
WIT	A	0.0%

NZAC Underweight 81 Positions Relative to PHEQ

Symbol	Grade	Weight
XOM	B	-1.4%
PG	A	-1.09%
COST	B	-1.07%
CVX	A	-0.84%
KO	D	-0.77%
PEP	F	-0.72%
LMT	D	-0.58%
CAT	B	-0.55%
TRGP	B	-0.46%
ETR	B	-0.4%
DAL	C	-0.39%
HWM	A	-0.36%
PPL	B	-0.34%
K	A	-0.34%
RSG	A	-0.34%
LNT	A	-0.33%
DOV	A	-0.33%
KMB	D	-0.33%
OTIS	C	-0.33%
BA	F	-0.32%
CMS	C	-0.31%
DTE	C	-0.31%
DRI	B	-0.3%
AEE	A	-0.3%
COR	B	-0.3%
CNP	B	-0.28%
MAA	B	-0.27%
CFG	B	-0.26%
LII	A	-0.25%
ARES	A	-0.25%
MRO	B	-0.24%
L	A	-0.24%
FE	C	-0.24%
JBHT	C	-0.24%
FANG	D	-0.24%
EXPD	D	-0.23%
LNG	B	-0.22%
LYB	F	-0.22%
SSNC	B	-0.21%
ARE	D	-0.21%
AMCR	D	-0.21%
PFG	D	-0.2%
SPOT	B	-0.19%
WBD	C	-0.18%
CPB	D	-0.18%
CSL	C	-0.18%
CAG	D	-0.17%
DVN	F	-0.17%
IFF	D	-0.16%
AKAM	D	-0.16%
HAL	C	-0.16%
APTV	D	-0.14%
NDSN	B	-0.14%
ON	D	-0.14%
DELL	C	-0.14%
HUBS	A	-0.14%
MGM	D	-0.13%
HUBB	B	-0.13%
DDOG	A	-0.13%
FCNCA	A	-0.13%
RBLX	C	-0.12%
IBKR	A	-0.11%
DOX	D	-0.09%
BLDR	D	-0.08%
ZS	C	-0.08%
NET	B	-0.07%
AGR	B	-0.07%
YUMC	C	-0.07%
DKNG	B	-0.07%
TEAM	A	-0.06%
LPLA	A	-0.05%
CE	F	-0.05%
OWL	A	-0.05%
OKTA	C	-0.04%
WLK	D	-0.04%
BSY	D	-0.04%
CPNG	D	-0.03%
SIRI	C	-0.03%
RKT	F	-0.03%
WSM	B	-0.02%
WMG	C	-0.02%