SPY vs. NZAC ETF Comparison

Comparison of SPDR S&P 500 (SPY) to SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC)

SPY

SPDR S&P 500

SPY Description

The investment seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P 500 Index. The Trust holds the Portfolio and cash and is not actively "managed" by traditional methods. To maintain the correspondence between the composition and weightings of Portfolio Securities and component stocks of the S&P 500 Index, the Trustee adjusts the Portfolio from time to time to conform to periodic changes in the identity and/or relative weightings of Index Securities.

Grade (RS Rating)

Last Trade

$595.51

Average Daily Volume

43,227,909

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

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

Performance

Period	SPY	NZAC
30 Days	3.03%	0.97%
60 Days	4.54%	0.81%
90 Days	6.26%	2.64%
12 Months	32.65%	25.98%

294 Overlapping Holdings

Symbol	Grade	Weight in SPY	Weight in NZAC	Overlap
A	D	0.08%	0.06%	0.06%
AAPL	C	6.89%	4.47%	4.47%
ABBV	D	0.6%	0.34%	0.34%
ABBV	D	0.6%	0.6%	0.6%
ABNB	C	0.12%	0.05%	0.05%
ABT	B	0.4%	0.19%	0.19%
ACGL	D	0.07%	0.12%	0.07%
ACN	C	0.45%	0.39%	0.39%
ADBE	C	0.47%	0.35%	0.35%
ADI	D	0.21%	0.46%	0.21%
ADP	B	0.24%	0.2%	0.2%
ADSK	A	0.13%	0.09%	0.09%
AFL	B	0.11%	0.28%	0.11%
AIG	B	0.1%	0.14%	0.1%
AIZ	A	0.02%	0.09%	0.02%
AJG	B	0.13%	0.07%	0.07%
ALB	C	0.02%	0.01%	0.01%
ALGN	D	0.03%	0.03%	0.03%
ALL	A	0.1%	0.14%	0.1%
ALLE	D	0.02%	0.09%	0.02%
AMAT	F	0.31%	0.12%	0.12%
AMD	F	0.45%	0.27%	0.27%
AME	A	0.09%	0.16%	0.09%
AMGN	D	0.32%	0.21%	0.21%
AMP	A	0.11%	0.16%	0.11%
AMT	D	0.18%	0.11%	0.11%
AMZN	C	3.92%	2.38%	2.38%
ANET	C	0.2%	0.06%	0.06%
ANSS	B	0.06%	0.02%	0.02%
AON	A	0.16%	0.11%	0.11%
APH	A	0.17%	0.11%	0.11%
AVB	B	0.06%	0.12%	0.06%
AVGO	D	1.58%	1.1%	1.1%
AXON	A	0.09%	0.06%	0.06%
AXP	A	0.32%	0.36%	0.32%
AZO	C	0.11%	0.1%	0.1%
BAC	A	0.62%	0.44%	0.44%
BAX	D	0.03%	0.02%	0.02%
BDX	F	0.13%	0.11%	0.11%
BIIB	F	0.05%	0.03%	0.03%
BK	A	0.11%	0.13%	0.11%
BKNG	A	0.33%	0.24%	0.24%
BLK	C	0.29%	0.27%	0.27%
BMY	B	0.24%	0.24%	0.24%
BR	A	0.05%	0.08%	0.05%
BRK.A	B	1.7%	0.39%	0.39%
BRO	B	0.05%	0.05%	0.05%
BSX	B	0.26%	0.31%	0.26%
BX	A	0.26%	0.19%	0.19%
BXP	D	0.02%	0.07%	0.02%
C	A	0.26%	0.01%	0.01%
CARR	D	0.13%	0.03%	0.03%
CB	C	0.21%	0.24%	0.21%
CBOE	B	0.04%	0.03%	0.03%
CBRE	B	0.08%	0.18%	0.08%
CCI	D	0.09%	0.07%	0.07%
CDW	F	0.05%	0.13%	0.05%
CEG	D	0.14%	0.04%	0.04%
CHD	B	0.05%	0.1%	0.05%
CHTR	C	0.08%	0.07%	0.07%
CINF	A	0.05%	0.07%	0.05%
CLX	B	0.04%	0.01%	0.01%
CMCSA	B	0.33%	0.25%	0.25%
CME	A	0.16%	0.12%	0.12%
CMG	B	0.16%	0.07%	0.07%
COF	B	0.14%	0.14%	0.14%
CPAY	A	0.05%	0.05%	0.05%
CPRT	A	0.1%	0.04%	0.04%
CRM	B	0.64%	0.42%	0.42%
CRWD	B	0.16%	0.02%	0.02%
CSCO	B	0.46%	0.4%	0.4%
CSGP	D	0.06%	0.02%	0.02%
CSX	B	0.14%	0.09%	0.09%
CTAS	B	0.15%	0.04%	0.04%
CTLT	B	0.02%	0.02%	0.02%
CTSH	B	0.08%	0.08%	0.08%
DE	A	0.2%	0.14%	0.14%
DFS	B	0.09%	0.09%	0.09%
DGX	A	0.03%	0.02%	0.02%
DHI	D	0.1%	0.06%	0.06%
DHR	F	0.31%	0.19%	0.19%
DIS	B	0.39%	0.29%	0.29%
DLR	B	0.11%	0.39%	0.11%
DLTR	F	0.03%	0.02%	0.02%
DOC	D	0.03%	0.01%	0.01%
DXCM	D	0.06%	0.04%	0.04%
EA	A	0.08%	0.01%	0.01%
EBAY	D	0.06%	0.14%	0.06%
ECL	D	0.12%	0.06%	0.06%
EFX	F	0.06%	0.03%	0.03%
EG	C	0.03%	0.03%	0.03%
EIX	B	0.06%	0.81%	0.06%
EL	F	0.03%	0.03%	0.03%
ELV	F	0.19%	0.17%	0.17%
ENPH	F	0.02%	0.05%	0.02%
EPAM	C	0.03%	0.01%	0.01%
EQIX	A	0.17%	0.33%	0.17%
EQR	B	0.05%	0.07%	0.05%
ERIE	D	0.02%	0.03%	0.02%
ESS	B	0.04%	0.1%	0.04%
ETN	A	0.29%	0.28%	0.28%
EW	C	0.08%	0.11%	0.08%
EXR	D	0.07%	0.04%	0.04%
FAST	B	0.09%	0.17%	0.09%
FDS	B	0.04%	0.01%	0.01%
FFIV	B	0.03%	0.18%	0.03%
FI	A	0.24%	0.18%	0.18%
FIS	C	0.1%	0.07%	0.07%
FOX	A	0.01%	0.03%	0.01%
FOXA	B	0.02%	0.04%	0.02%
FSLR	F	0.04%	0.16%	0.04%
FTNT	C	0.12%	0.09%	0.09%
FTV	C	0.05%	0.09%	0.05%
GDDY	A	0.05%	0.03%	0.03%
GILD	C	0.23%	0.06%	0.06%
GIS	D	0.07%	0.08%	0.07%
GLW	B	0.07%	0.19%	0.07%
GOOG	C	1.69%	1.45%	1.45%
GOOGL	C	2.04%	1.03%	1.03%
GPN	B	0.06%	0.05%	0.05%
GRMN	B	0.06%	0.08%	0.06%
GS	A	0.37%	0.06%	0.06%
GWW	B	0.1%	0.21%	0.1%
HBAN	A	0.05%	0.02%	0.02%
HD	A	0.8%	0.58%	0.58%
HIG	B	0.07%	0.12%	0.07%
HLT	A	0.12%	0.02%	0.02%
HOLX	D	0.04%	0.05%	0.04%
HPE	B	0.06%	0.16%	0.06%
HSIC	B	0.02%	0.05%	0.02%
HSY	F	0.05%	0.05%	0.05%
HUM	C	0.07%	0.06%	0.06%
IBM	C	0.38%	0.6%	0.38%
ICE	C	0.18%	0.13%	0.13%
IDXX	F	0.07%	0.06%	0.06%
IEX	B	0.03%	0.04%	0.03%
INCY	C	0.02%	0.01%	0.01%
INTC	D	0.21%	0.18%	0.18%
INTU	C	0.39%	0.31%	0.31%
IPG	D	0.02%	0.01%	0.01%
IQV	D	0.07%	0.1%	0.07%
IRM	D	0.07%	0.06%	0.06%
ISRG	A	0.38%	0.31%	0.31%
IT	C	0.08%	0.03%	0.03%
ITW	B	0.14%	0.33%	0.14%
JKHY	D	0.02%	0.01%	0.01%
JNJ	D	0.73%	0.62%	0.62%
JNPR	F	0.03%	0.13%	0.03%
JPM	A	1.37%	1.09%	1.09%
KDP	D	0.07%	0.08%	0.07%
KEYS	A	0.05%	0.06%	0.05%
KKR	A	0.2%	0.13%	0.13%
KLAC	D	0.17%	0.15%	0.15%
KVUE	A	0.09%	0.01%	0.01%
LEN	D	0.08%	0.06%	0.06%
LH	C	0.04%	0.02%	0.02%
LIN	D	0.43%	0.07%	0.07%
LKQ	D	0.02%	0.03%	0.02%
LLY	F	1.23%	0.94%	0.94%
LOW	D	0.31%	0.25%	0.25%
LRCX	F	0.19%	0.1%	0.1%
LULU	C	0.08%	0.08%	0.08%
LYV	A	0.04%	0.05%	0.04%
MA	C	0.85%	0.65%	0.65%
MAR	B	0.13%	0.02%	0.02%
MAS	D	0.03%	0.01%	0.01%
MCD	D	0.43%	0.36%	0.36%
MCO	B	0.15%	0.22%	0.15%
MDT	D	0.22%	0.23%	0.22%
MET	A	0.1%	0.21%	0.1%
META	D	2.5%	1.62%	1.62%
MKC	D	0.04%	0.01%	0.01%
MKTX	D	0.02%	0.01%	0.01%
MMC	B	0.22%	0.2%	0.2%
MMM	D	0.14%	0.02%	0.02%
MNST	C	0.08%	0.03%	0.03%
MOH	F	0.04%	0.02%	0.02%
MRK	F	0.5%	0.47%	0.47%
MRNA	F	0.03%	0.01%	0.01%
MS	A	0.33%	0.26%	0.26%
MSFT	F	6.3%	4.03%	4.03%
MSI	B	0.16%	0.27%	0.16%
MTB	A	0.07%	0.1%	0.07%
MTCH	D	0.02%	0.01%	0.01%
MTD	D	0.05%	0.06%	0.05%
MU	D	0.22%	0.09%	0.09%
NDAQ	A	0.06%	0.04%	0.04%
NEM	D	0.09%	0.08%	0.08%
NFLX	A	0.71%	0.49%	0.49%
NKE	D	0.18%	0.11%	0.11%
NOW	A	0.43%	0.39%	0.39%
NSC	B	0.12%	0.04%	0.04%
NTAP	C	0.05%	0.06%	0.05%
NTRS	A	0.04%	0.05%	0.04%
NVDA	C	7.17%	4.67%	4.67%
NVR	D	0.06%	0.03%	0.03%
NXPI	D	0.11%	0.01%	0.01%
O	D	0.1%	0.07%	0.07%
ODFL	B	0.08%	0.02%	0.02%
OMC	C	0.04%	0.03%	0.03%
ORCL	B	0.59%	0.59%	0.59%
ORLY	B	0.14%	0.18%	0.14%
PANW	C	0.25%	0.14%	0.14%
PAYC	B	0.02%	0.01%	0.01%
PAYX	C	0.09%	0.08%	0.08%
PCAR	B	0.12%	0.06%	0.06%
PFE	D	0.29%	0.19%	0.19%
PGR	A	0.3%	0.22%	0.22%
PH	A	0.18%	0.25%	0.18%
PHM	D	0.05%	0.04%	0.04%
PLD	D	0.21%	0.21%	0.21%
PLTR	B	0.24%	0.07%	0.07%
PNC	B	0.16%	0.19%	0.16%
PNR	A	0.03%	0.23%	0.03%
PODD	C	0.04%	0.02%	0.02%
POOL	C	0.03%	0.02%	0.02%
PPG	F	0.06%	0.11%	0.06%
PRU	A	0.09%	0.15%	0.09%
PSA	D	0.1%	0.11%	0.1%
PWR	A	0.09%	0.24%	0.09%
PYPL	B	0.17%	0.13%	0.13%
QCOM	F	0.36%	0.26%	0.26%
REG	B	0.02%	0.08%	0.02%
REGN	F	0.16%	0.1%	0.1%
RF	A	0.05%	0.07%	0.05%
RJF	A	0.06%	0.04%	0.04%
RMD	C	0.07%	0.07%	0.07%
ROK	B	0.06%	0.08%	0.06%
ROL	B	0.03%	0.02%	0.02%
ROP	B	0.12%	0.02%	0.02%
ROST	C	0.09%	0.09%	0.09%
RVTY	F	0.03%	0.07%	0.03%
SBAC	D	0.05%	0.03%	0.03%
SBUX	A	0.22%	0.15%	0.15%
SCHW	B	0.24%	0.19%	0.19%
SHW	A	0.18%	0.56%	0.18%
SMCI	F	0.02%	0.01%	0.01%
SNA	A	0.04%	0.02%	0.02%
SPG	B	0.11%	0.15%	0.11%
SPGI	C	0.32%	0.38%	0.32%
STE	F	0.04%	0.03%	0.03%
STLD	B	0.04%	0.01%	0.01%
STT	A	0.06%	0.02%	0.02%
STZ	D	0.08%	0.03%	0.03%
SWKS	F	0.03%	0.01%	0.01%
SYF	B	0.05%	0.09%	0.05%
SYK	C	0.26%	0.25%	0.25%
T	A	0.32%	0.18%	0.18%
TDG	D	0.14%	0.13%	0.13%
TDY	B	0.04%	0.1%	0.04%
TECH	D	0.02%	0.01%	0.01%
TER	D	0.03%	0.03%	0.03%
TFX	F	0.02%	0.02%	0.02%
TGT	F	0.14%	0.02%	0.02%
TJX	A	0.27%	0.36%	0.27%
TMO	F	0.4%	0.32%	0.32%
TMUS	B	0.23%	0.13%	0.13%
TRMB	B	0.03%	0.07%	0.03%
TROW	B	0.05%	0.05%	0.05%
TRV	B	0.12%	0.15%	0.12%
TSLA	B	1.72%	1.32%	1.32%
TT	A	0.18%	0.02%	0.02%
TXN	C	0.37%	0.27%	0.27%
UBER	D	0.3%	0.17%	0.17%
ULTA	F	0.04%	0.05%	0.04%
UNH	C	1.09%	0.77%	0.77%
UNP	C	0.28%	0.21%	0.21%
UPS	C	0.19%	0.07%	0.07%
URI	B	0.11%	0.05%	0.05%
USB	A	0.16%	0.12%	0.12%
V	A	1.02%	0.75%	0.75%
VICI	C	0.07%	0.03%	0.03%
VLTO	D	0.05%	0.03%	0.03%
VMC	B	0.07%	0.02%	0.02%
VRSK	A	0.08%	0.05%	0.05%
VRSN	F	0.03%	0.01%	0.01%
VRTX	F	0.25%	0.14%	0.14%
VTR	C	0.05%	0.06%	0.05%
VZ	C	0.34%	0.21%	0.21%
WAB	B	0.07%	0.08%	0.07%
WAT	B	0.04%	0.02%	0.02%
WELL	A	0.15%	0.15%	0.15%
WFC	A	0.49%	0.25%	0.25%
WM	A	0.16%	0.1%	0.1%
WMT	A	0.73%	0.35%	0.35%
WRB	A	0.04%	0.07%	0.04%
WST	C	0.05%	0.02%	0.02%
WTW	B	0.06%	0.07%	0.06%
WYNN	D	0.02%	0.01%	0.01%
XYL	D	0.06%	0.36%	0.06%
YUM	B	0.08%	0.07%	0.07%
ZBH	C	0.04%	0.05%	0.04%
ZBRA	B	0.04%	0.02%	0.02%
ZTS	D	0.16%	0.16%	0.16%

SPY Overweight 206 Positions Relative to NZAC

Symbol	Grade	Weight
XOM	B	1.06%
COST	B	0.81%
PG	A	0.78%
CVX	A	0.55%
KO	D	0.48%
PEP	F	0.45%
PM	B	0.4%
GE	D	0.38%
CAT	B	0.37%
NEE	D	0.31%
RTX	C	0.31%
HON	B	0.3%
COP	C	0.26%
LMT	D	0.23%
BA	F	0.2%
MO	A	0.19%
SO	D	0.19%
GEV	B	0.18%
CI	F	0.18%
SNPS	B	0.17%
DUK	C	0.17%
MDLZ	F	0.17%
MCK	B	0.16%
CDNS	B	0.16%
EMR	A	0.15%
CL	D	0.15%
GD	F	0.15%
EOG	A	0.15%
NOC	D	0.14%
CVS	D	0.14%
APD	A	0.14%
OKE	A	0.13%
HCA	F	0.13%
GM	B	0.13%
FDX	B	0.13%
WMB	A	0.13%
SLB	C	0.12%
TFC	A	0.12%
FCX	D	0.12%
MPC	D	0.11%
PSX	C	0.11%
RCL	A	0.11%
FICO	B	0.11%
JCI	C	0.11%
SRE	A	0.11%
CMI	A	0.1%
AEP	D	0.1%
KMI	A	0.1%
BKR	B	0.09%
F	C	0.09%
PEG	A	0.09%
KMB	D	0.09%
VLO	C	0.09%
PCG	A	0.09%
HWM	A	0.09%
LHX	C	0.09%
D	C	0.09%
VST	B	0.09%
MSCI	C	0.09%
GEHC	F	0.08%
EXC	C	0.08%
XEL	A	0.08%
DELL	C	0.08%
KR	B	0.08%
CTVA	C	0.08%
OTIS	C	0.08%
HES	B	0.08%
IR	B	0.08%
DAL	C	0.08%
TRGP	B	0.08%
COR	B	0.08%
RSG	A	0.08%
ED	D	0.07%
OXY	D	0.07%
FANG	D	0.07%
DD	D	0.07%
NUE	C	0.07%
MCHP	D	0.07%
HPQ	B	0.07%
MLM	B	0.07%
SYY	B	0.07%
DOV	A	0.06%
KHC	F	0.06%
MPWR	F	0.06%
ON	D	0.06%
CAH	B	0.06%
TTWO	A	0.06%
TSCO	D	0.06%
UAL	A	0.06%
WEC	A	0.06%
CNC	D	0.06%
DOW	F	0.06%
ETR	B	0.06%
FITB	A	0.06%
EXPE	B	0.05%
IFF	D	0.05%
PTC	A	0.05%
HUBB	B	0.05%
AEE	A	0.05%
PPL	B	0.05%
CCL	B	0.05%
DVN	F	0.05%
DTE	C	0.05%
SW	A	0.05%
ADM	D	0.05%
EQT	B	0.05%
AWK	D	0.05%
TYL	B	0.05%
HAL	C	0.05%
DECK	A	0.05%
J	F	0.04%
KEY	B	0.04%
BBY	D	0.04%
TSN	B	0.04%
MAA	B	0.04%
PFG	D	0.04%
CTRA	B	0.04%
BALL	D	0.04%
NRG	B	0.04%
INVH	D	0.04%
LUV	C	0.04%
CNP	B	0.04%
IP	B	0.04%
DRI	B	0.04%
CMS	C	0.04%
STX	D	0.04%
WDC	D	0.04%
CFG	B	0.04%
FE	C	0.04%
PKG	A	0.04%
BLDR	D	0.04%
LYB	F	0.04%
K	A	0.04%
ES	D	0.04%
WBD	C	0.04%
ATO	A	0.04%
WY	D	0.04%
LDOS	C	0.04%
CPT	B	0.03%
CHRW	C	0.03%
CAG	D	0.03%
SWK	D	0.03%
TPR	B	0.03%
UDR	B	0.03%
AKAM	D	0.03%
NDSN	B	0.03%
APTV	D	0.03%
EVRG	A	0.03%
JBL	B	0.03%
AMCR	D	0.03%
JBHT	C	0.03%
VTRS	A	0.03%
L	A	0.03%
LNT	A	0.03%
DPZ	C	0.03%
CF	B	0.03%
AVY	D	0.03%
TXT	D	0.03%
MRO	B	0.03%
NI	A	0.03%
GEN	B	0.03%
KIM	A	0.03%
ARE	D	0.03%
DG	F	0.03%
EXPD	D	0.03%
LVS	C	0.03%
GPC	D	0.03%
HII	D	0.02%
BWA	D	0.02%
IVZ	B	0.02%
CE	F	0.02%
HAS	D	0.02%
APA	D	0.02%
MOS	F	0.02%
CZR	F	0.02%
RL	B	0.02%
FRT	B	0.02%
MGM	D	0.02%
CPB	D	0.02%
AOS	F	0.02%
HRL	D	0.02%
SOLV	C	0.02%
GL	B	0.02%
AES	F	0.02%
CRL	C	0.02%
PNW	B	0.02%
NWSA	B	0.02%
TAP	C	0.02%
GNRC	B	0.02%
LW	C	0.02%
NCLH	B	0.02%
EMN	D	0.02%
SJM	D	0.02%
UHS	D	0.02%
DAY	B	0.02%
KMX	B	0.02%
HST	C	0.02%
BG	F	0.02%
NWS	B	0.01%
QRVO	F	0.01%
WBA	F	0.01%
BEN	C	0.01%
PARA	C	0.01%
FMC	D	0.01%
DVA	B	0.01%
MHK	D	0.01%

SPY Underweight 76 Positions Relative to NZAC

Symbol	Grade	Weight
NVS	D	-0.41%
ACM	A	-0.36%
BABA	D	-0.24%
TD	F	-0.19%
SONY	B	-0.17%
APO	B	-0.17%
HDB	C	-0.14%
MELI	D	-0.14%
SHOP	B	-0.12%
MRVL	B	-0.12%
LI	F	-0.11%
INFY	B	-0.11%
EQH	B	-0.1%
DEO	F	-0.1%
SCCO	F	-0.08%
PDD	F	-0.08%
MUFG	B	-0.08%
RS	B	-0.08%
HSBH	B	-0.07%
MKL	A	-0.07%
AFG	A	-0.07%
WIT	A	-0.07%
TCOM	B	-0.06%
TTD	B	-0.05%
COIN	C	-0.04%
ILMN	D	-0.04%
UHAL	D	-0.04%
BCS	C	-0.04%
XPEV	C	-0.04%
BAH	F	-0.03%
WDAY	B	-0.03%
AZN	D	-0.03%
AVTR	F	-0.03%
XRX	F	-0.03%
CCEP	C	-0.03%
VEEV	C	-0.03%
ALNY	D	-0.03%
BIDU	F	-0.03%
BURL	A	-0.03%
Z	A	-0.02%
CG	A	-0.02%
NIO	F	-0.02%
ALLY	C	-0.02%
BMRN	D	-0.02%
TW	A	-0.02%
RPRX	D	-0.02%
MSTR	C	-0.02%
SEIC	B	-0.02%
ZM	B	-0.02%
HEI	B	-0.02%
DASH	A	-0.02%
BCH	F	-0.02%
ASAI	F	-0.02%
VRT	B	-0.02%
SNOW	C	-0.02%
SQ	B	-0.02%
MBAVU	D	-0.01%
QGEN	D	-0.01%
EXAS	D	-0.01%
BBWI	D	-0.01%
RIVN	F	-0.01%
SUI	D	-0.01%
BIO	D	-0.01%
SNAP	C	-0.01%
SQ	B	-0.01%
TRU	D	-0.01%
NBIX	C	-0.01%
PINS	D	-0.01%
KB	B	-0.01%
WPC	D	-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%