NZUS
SPDR MSCI USA Climate Paris Aligned ETF
NZUS tracks a tier-weighted index of large- and mid-cap US stocks selected and weighted based on ESG criteria that are compatible with the Paris Climate Agreement and carbon reduction goals.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
2.6 M
ASSETS UNDER MGMT
10 bp
EXPENSES
Fund Basics
| Fund sponsor | State Street |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 21, 2022 |
| Assets (mns) | $3 |
| Expense ratio | 10 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NVIDIA CORP | 7.7 % |
| APPLE INC | 6.9 % |
| MICROSOFT CORP | 6.7 % |
| AMAZON.COM INC | 3.6 % |
| TESLA MOTORS INC | 2.9 % |
| META PLATFORMS INC | 2.5 % |
| ALPHABET INC. CLASS C | 2.3 % |
| VISA INC. CLASS A | 1.8 % |
| DIGITAL REALTY TRUST INC | 1.7 % |
| BROADCOM INC. | 1.6 % |
Constituent Breakdown
| Number of holdings | 251 |
| Herfindahl-Hirschman Index | 229 |
| Wgt avg mkt cap (mns) | $860,807 |
| Large cap (>$10bn) | 99.4% |
| Mid cap ($2-10bn) | 0.5% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.8% |
| Emerging mkts. | 0.2% |
Country Exposure
 |
UNITED STATES | 96.3 % |
 |
IRELAND | 1.5 % |
 |
SWITZERLAND | 0.7 % |
 |
BRITAIN | 0.6 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 19.3% | 38.8% | 23.6% | -- | -- | -- | 15.4% | Volatility | 13.6% | 13.4% | 15.5% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.04 | 97% |
| MSCI EAFE | 0.84 | 70% |
| MSCI Emg Mkts | 0.62 | 40% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.08% |
| ADV of underlying (mns) | $231,014 |
Technical Indicators
| Recent close | $32.89 |
| 30d moving avg. | $32.51 |
| Annualized volatility | 18.0% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. NZUS |
Expenses vs. NZUS |
ALTAR Score™ vs. NZUS |
|---|---|---|---|---|
| PABU | iShares Paris-Aligned Climate MSCI USA ETF | 91.7% | 0 bp | -0.1% |
| XVV | iShares ESG Screened S&P 500 ETF | 67.7% | -2 bp | +0.4% |
| SPYX | SPDR S&P 500 Fossil Fuel Reserves Free ETF | 66.2% | +10 bp | +0.3% |
| IWL | iShares Russell Top 200 ETF | 65.7% | +5 bp | +0.2% |
| ESGV | Vanguard ESG U.S. Stock ETF | 65.7% | -1 bp | +0.3% |
| USNZ | Xtrackers Net Zero Pathway Paris Aligned US Equity ETF | 65.6% | 0 bp | +0.8% |
| USCL | iShares Climate Conscious & Transition MSCI USA ETF | 65.5% | -2 bp | +0.4% |
| SPXE | ProShares S&P 500 Ex-Energy ETF | 65.5% | -1 bp | +0.4% |
| MGC | Vanguard Mega Cap ETF | 65.4% | -3 bp | +0.3% |
| IVV | iShares Core S&P 500 ETF | 65.0% | -7 bp | +0.5% |
Risk and Returns: NZUS vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/15/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
NZUS
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
NZUS
4.6%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. NZUS's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places NZUS in the 36th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
NZUSSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| NZUS (10 bp) Percentile rank | 13 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| NZUS | 10.0 | 7.7 | 17.7 |
| Peer Avg. | 35.7 | 15.0 | 50.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .