NZUS
State Street 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
2.9 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 | 9.3 % |
| MICROSOFT CORP | 7.6 % |
| APPLE INC | 7.5 % |
| TESLA MOTORS INC | 4.3 % |
| ALPHABET INC. CLASS C | 3.7 % |
| AMAZON.COM INC | 3.4 % |
| ELI LILLY & CO | 3.2 % |
| BROADCOM INC. | 2.9 % |
| META PLATFORMS INC | 2.6 % |
| MARVELL TECHNOLOGY, INC. | 2.4 % |
Constituent Breakdown
| Number of holdings | 148 |
| Herfindahl-Hirschman Index | 331 |
| Wgt avg mkt cap (mns) | $1,578,605 |
| Large cap (>$10bn) | 99.4% |
| Mid cap ($2-10bn) | 0.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.4% |
| Emerging mkts. | 0.2% |
Country Exposure
 |
UNITED STATES | 98.3 % |
 |
SWITZERLAND | 0.6 % |
Historical Performance
Standardized Performance (as of 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 12.8% | 6.0% | 18.0% | 16.6% | -- | -- | -- | 11.1% |
| Dividend Yield | 1.1% | 6.2% | 4.1% | 3.2% | -- | -- | -- | 2.7% |
| Total Returns | 13.9% | 12.2% | 22.1% | 19.8% | -- | -- | -- | 13.8% | Ann. Volatility | 20.8% | 20.4% | 17.2% | 16.5% | -- | -- | -- | 19.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.03 | 98% |
| MSCI EAFE | 0.93 | 59% |
| MSCI Emg Mkts | 0.87 | 57% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 1.3% |
| Avg. Bid/Ask (% of price) | 0.14% |
Technical Indicators
| 30d moving avg. (EMA) | $35.59 |
| Relative strength (RSI) | 57 |
| MACD/Signal | 0.13/0.05 |
| Bollinger Bands (Upper/Lower) | $36.61/$34.50 |
| Short interest (% of AUM) | 0.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
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 | 91.4% | 0 bp | +4.1% |
| GSUS | Goldman Sachs MarketBeta U.S. Equity ETF | 61.2% | -3 bp | +4.8% |
| PRXG | Praxis Impact Large Cap Growth ETF | 61.0% | +26 bp | +3.6% |
| MGK | Vanguard Mega Cap Growth ETF | 61.0% | -3 bp | +4.3% |
| STXG | Strive 1000 Growth ETF | 60.9% | +8 bp | +3.8% |
| BKLC | BNY Mellon US Large Cap Core Equity ETF | 60.7% | -10 bp | +4.9% |
| QRFT | Qraft Ai-Enhanced U.S. Large Cap ETF | 60.5% | +65 bp | +4.0% |
| VOTE | TCW Transform 500 ETF | 60.3% | -5 bp | +4.9% |
| USNZ | Xtrackers Net Zero Pathway Paris Aligned US Equity ETF | 60.3% | 0 bp | +5.2% |
| VUG | Vanguard Growth ETF | 60.2% | -6 bp | +4.2% |
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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 12/10/2025
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
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
4.2%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 1019 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.3%. NZUS's ALTAR Score™ is approximately
0.6 standard deviations
below
the category average. This places NZUS in the 27th 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