DEMZ vs KLMN: Grades, Fees and Holdings Compared

Democratic Large Cap Core ETF

DEMZCNasdaq

Invesco MSCI North America Climate ETF

KLMNANYSE Arca

Overlap

27.0%by weight

Expense ratio

KLMN −0.36pt a year

DEMZ0.45%KLMN0.09%

Avg volume · 30D

KLMN 198.9×the volume

DEMZ2.46KKLMN489K

DEMZ vs KLMN Performance

Oct 31, 2025 – Oct 30, 2026

+10.9%DEMZ+11.7%KLMN

Expense ratio: DEMZ 0.45%; KLMN 0.09%, better
Fund size: DEMZ $68M; KLMN $2.42B
1Y total return: DEMZ +10.9%; KLMN +11.7%, better
Yield (12M): DEMZ 0.88%; KLMN 1.17%, better
Holdings: DEMZ 43; KLMN 275
Avg volume (30D): DEMZ 2.46K sh; KLMN 489K sh, better
NAV per share: DEMZ $47.44; KLMN $31.03
52W range

ETF.net Grade

Pillar letters and Scores for DEMZ, KLMN, with each pillar’s weight
Pillar	DEMZ	KLMN
Cost30% weight	F22	A86Higher
Mission25% weight	A72	A100Higher
Risk15% weight	C50	B62Higher
Tradability15% weight	C44	A83Higher
Holdings10% weight	D34	B65Higher
Durability5% weight	F18	B58Higher

Rank among US ESG & Values Index funds

How we build Categories ›

Same Category. DEMZ and KLMN are both graded against the same 47 US ESG & Values Index funds, so their Grades compare head to head.

US ESG & Values Index⁠

Category · 47 funds

See all 47 ›

KLMN ranks 1st and DEMZ 42nd of 47 funds in the US ESG & Values Index Category.

Rank 1AKLMNInvesco MSCI North America Climate ETFScore 82
Rank 2AEFIVState Street SPDR S&P 500 ESG ETFScore 79
Rank 39CNUMGNuveen ESG Mid-Cap GrowthScore 44
Rank 42CDEMZDemocratic Large Cap Core ETFScore 43
Rank 43CMNZLManzil Russell Halal USA Broad Market ETFScore 41

Our read on each fund

ETF.net Research

DEMZCDemocratic Large Cap Core ETF

KLMNAInvesco MSCI North America Climate ETF

In short

DEMZ Most index funds sort companies by size or sector. DEMZ sorts them by politics: a passive US large-cap portfolio built from the DEMZ Political Contribution Index, running since 2020 for investors who want the screen to reflect their values.

KLMN No data

Stated mandate

DEMZ The Fund seeks to track the total-return performance of the DEMZ Political Contribution Index before fees and expenses. It uses passive indexing and generally invests in the Index’s component securities.

KLMN No data

Why people hold it

DEMZ The values screen is a published rulebook, not a manager's mood. DEMZ holds the components of a named index and follows it passively.
Narrow, plainly stated job: track the DEMZ Political Contribution Index before fees, in US stocks. Little room to quietly drift into something else.
Live since November 2020, so this is a fund with real operating history behind it rather than a freshly launched concept.

KLMN No data

Worth knowing

DEMZ 0.45% a year is ordinary for a themed index fund, but broad core wrappers price far lower: SCHK at 0.03% and VT at 0.06%.
Small in assets and thinly traded. Limit orders matter more here than in mega-cap index funds, where shares change hands constantly.
A political-contribution screen shrinks the eligible pool, so the holdings can look different from a plain US large-cap index.

KLMN No data

Full DEMZ profile⁠

Full KLMN profile⁠

DEMZ vs KLMN Holdings

How DEMZ and KLMN differ

Overlap by weight

27.0%

Shared holdings make up 72.2% of DEMZ and 31.9% of KLMN.

Level by level

Holdings29 in both27.0%
Countryby domicile94.9%
Asset classEquity100%

Sector

No Sector split for KLMN.

Country, concentration and asset class

Country by domicile

Country weights in DEMZ and KLMN, widest gap first
Country	More in DEMZMore in KLMN	DEMZ	KLMN
United States	DEMZ +5.1 points	100.0%	94.9%
Canada	KLMN +4.4 points	0.0%	4.4%
Other countries (5)	KLMN +0.8 points	0.0%	0.8%

Concentration

Weight in the 10 largest Holdings

DEMZ44.2%
KLMN34.9%

Securities held

DEMZ42
KLMN273

Asset class

DEMZ: Equity
KLMN: Equity

Holdings

Only in DEMZ13
In both29
Only in KLMN244

Only in DEMZ

13 securities, 27.3% of DEMZ by weight

Loews Corp4.84%
Nordson Corp4.10%
Everest Group Ltd3.21%
Avery Dennison Corp2.90%
Veralto Corp2.31%
Henry Schein Inc1.98%
Omnicom Group1.79%
Paychex Inc1.67%
Ralph Lauren Corp1.46%
Kimberly-Clark Corp1.09%
Tapestry Inc0.74%
Ulta Beauty Inc0.58%
Msci Inc0.56%

Only in KLMN

244 securities, 68.0% of KLMN by weight

Amazon.com Inc3.38%
Broadcom Inc2.23%
Tesla Inc1.64%
Alphabet Inc1.61%
Eli Lilly & Co1.59%
Micron Technology Inc1.54%
JPMorgan Chase & Co1.35%
ExxonMobil Holdings Corp1.14%
Visa Inc1.07%
Johnson & Johnson1.04%
Mastercard Inc0.83%
Walmart Inc0.80%
AbbVie Inc0.79%
Cisco Systems Inc0.68%
Chevron Corp0.66%
Palantir Technologies Inc0.63%
Coca-Cola Co/The0.62%
Procter & Gamble Co/The0.61%
Intel Corp0.60%
Merck & Co Inc0.58%
Applied Materials Inc0.56%
UnitedHealth Group Inc0.56%
Home Depot Inc/The0.54%
Bank of America Corp0.53%
Philip Morris International Inc0.51%
Palo Alto Networks Inc0.50%
General Electric Co0.50%
Royal Bank of Canada0.49%
Caterpillar Inc0.47%
Goldman Sachs Group Inc/The0.44%
Thermo Fisher Scientific Inc0.44%
Texas Instruments Inc0.44%
Amgen Inc0.43%
RTX Corp0.42%
Crowdstrike Holdings Inc0.40%
Wells Fargo & Co0.40%
Morgan Stanley0.37%
Toronto-Dominion Bank/The0.37%
GE Vernova Inc0.37%
Analog Devices Inc0.36%
Oracle Corp0.36%
Citigroup Inc0.35%
Linde PLC0.35%
ConocoPhillips0.35%
Gilead Sciences Inc0.35%
Shopify Inc0.34%
Abbott Laboratories0.33%
Pfizer Inc0.32%
McDonald's Corp0.32%
Verizon Communications Inc0.32%

Weight gaps

All 29 Holdings in both funds, largest gap first.

Holding weights in DEMZ and KLMN, widest gap first
Holding	More in DEMZMore in KLMN	DEMZ	KLMN
Costco Wholesale CorpCOST	DEMZ +3.84 points	4.49%	0.65%
Amphenol Corp-Cl AAPH	DEMZ +3.67 points	4.01%	0.34%
Lam Research CorpLRCX	DEMZ +3.66 points	4.18%	0.52%
Kla CorpKLAC	DEMZ +3.32 points	3.70%	0.38%
NVIDIA CorpNVDA	KLMN +2.46 points	4.62%	7.08%
Automatic Data ProcessingADP	DEMZ +2.41 points	2.67%	0.26%
Advanced Micro DevicesAMD	DEMZ +2.30 points	3.67%	1.37%
Apple IncAAPL	KLMN +2.29 points	5.07%	7.36%
Kimco Realty CorpKIM	DEMZ +2.28 points	2.42%	0.14%
Walt Disney Co/TheDIS	DEMZ +2.27 points	2.61%	0.34%
Ross Stores IncROST	DEMZ +2.08 points	2.22%	0.14%
Danaher CorpDHR	DEMZ +1.92 points	2.17%	0.25%
Synopsys IncSNPS	DEMZ +1.66 points	1.82%	0.16%
Xylem IncXYL	DEMZ +1.60 points	1.70%	0.10%
Cadence Design Sys IncCDNS	DEMZ +1.57 points	1.74%	0.17%
Arista Networks IncANET	DEMZ +1.55 points	1.89%	0.34%
Moody's CorpMCO	DEMZ +1.42 points	1.59%	0.17%
Alphabet Inc-Cl AGOOGL	DEMZ +1.36 points	3.99%	2.63%
Meta Platforms IncMETA	DEMZ +1.36 points	3.35%	1.99%
Salesforce IncCRM	DEMZ +1.30 points	1.64%	0.34%
American Tower CorpAMT	DEMZ +1.14 points	1.33%	0.19%
Stryker CorpSYK	DEMZ +1.12 points	1.29%	0.17%
Agilent Technologies IncA	DEMZ +0.94 points	1.11%	0.17%
Intl Business Machines CorpIBM	DEMZ +0.71 points	1.07%	0.36%
Adobe IncADBE	DEMZ +0.55 points	0.74%	0.19%
Servicenow IncNOW	DEMZ +0.52 points	0.75%	0.23%
Autodesk IncADSK	DEMZ +0.44 points	0.57%	0.13%
Netflix IncNFLX	DEMZ +0.22 points	0.61%	0.39%
Microsoft CorpMSFT	KLMN +0.19 points	5.20%	5.39%

All 42 DEMZ holdings⁠All 273 KLMN holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DEMZ vs KLMN Cost

Overpaying DEMZ vs KLMN

$7,143

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

DEMZ 0.45%
$9,041
KLMN 0.09%
$1,898

Amount$10,000

Years30 years

Cost over time

DEMZ 0.45%
KLMN 0.09%
Overpaying

Year by year

Year	DEMZ	KLMN	Overpaying
10	$812	$165	$647
20	$3,128	$646	$2,482
30	$9,041	$1,898	$7,143

Expense ratio

0.45%DEMZ
0.09%KLMN, cheaper

KLMN0.09%DEMZ0.45%

0.08%0.95%

Middle half of US ESG & Values Index funds
Median 0.25%

KLMN 3rd cheapest of 47 funds

DEMZ 36th cheapest of 47 funds

DEMZ vs KLMN Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DEMZ 0.88%; KLMN 1.17%, better
Payout (12M): DEMZ $0.42; KLMN $0.36
Last payment: DEMZ $0.42; KLMN $0.08
Ex-dividend: DEMZ Dec 30, 2025; KLMN Sep 21, 2026
Paid on: DEMZ Jan 7, 2026; KLMN Sep 25, 2026
Frequency: DEMZ Annual; KLMN Quarterly

Distribution history

Per share, 2020 to 2026, same scale for both

DEMZAnnual · 6 paymentsAll DEMZ payments⁠

KLMNQuarterly · 7 paymentsAll KLMN payments⁠

DEMZ vs KLMN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DEMZ 13.7%KLMN 12.5%since Jan 2025
Return per unit of riskSharpe ratio, 3 years: DEMZ 1.28KLMN 0.83since Jan 2025
Worst fallMax drawdown, 5 years: DEMZ −27.2%KLMN −18.5%since Dec 2024
Market sensitivityBeta, 5 years: DEMZ 1.03KLMN 1.02; Market = 1

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