EFIV vs NACP: Grades, Fees and Holdings Compared

State Street SPDR S&P 500 ESG ETF

EFIVANYSE Arca

Impact Shares NAACP Minority Empowerment ETF

NACPCNYSE Arca

Overlap

55.4%by weight

Expense ratio

EFIV −0.39pt a year

EFIV0.10%NACP0.49%

Avg volume · 30D

EFIV 23.5×the volume

EFIV57.1KNACP2.43K

5Y return · a year

NACP +1.0pt

EFIV+12.0%NACP+13.0%

EFIV vs NACP Performance

Nov 2, 2021 – Nov 2, 2026

+76.6%EFIV+84.3%NACP

Expense ratio: EFIV 0.10%, better; NACP 0.49%
Fund size: EFIV $1.06B; NACP $74M
1Y total return: EFIV +12.0%; NACP +19.2%, better
Yield (12M): EFIV 1.02%, better; NACP 0.57%
Holdings: EFIV 326; NACP 201
Avg volume (30D): EFIV 57.1K sh, better; NACP 2.43K sh
NAV per share: EFIV $74.02; NACP $59.25
52W range

ETF.net Grade

Pillar letters and Scores for EFIV, NACP, with each pillar’s weight
Pillar	EFIV	NACP
Cost30% weight	A86Higher	F17
Mission25% weight	A100Higher	A86
Risk15% weight	C53	C53
Tradability15% weight	A84Higher	F15
Holdings10% weight	C43	B58Higher
Durability5% weight	A71Higher	C42

Rank among US ESG & Values Index funds

How we build Categories ›

Same Category. EFIV and NACP 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 ›

EFIV ranks 2nd and NACP 39th 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 2ASNPEXtrackers S&P 500 Scored & Screened ETFScore 79
Rank 39CISMDInspire Small/Mid Cap ETFScore 44
Rank 39CNACPImpact Shares NAACP Minority Empowerment ETFScore 44
Rank 39CNUMGNuveen ESG Mid-Cap GrowthScore 44

Our read on each fund

ETF.net Research

EFIVAState Street SPDR S&P 500 ESG ETF

NACPCImpact Shares NAACP Minority Empowerment ETF

In short

EFIV A screened S&P 500 that still looks like one. EFIV trims to about 300 names on ESG criteria but holds industry-group weights close to the parent index, for 0.10% a year.

NACP The NAACP's name is on the door. NACP tracks the Morningstar Minority Empowerment Index and holds about 50 US stocks, a much narrower cut than the broad ESG index funds it sits beside.

Stated mandate

EFIV The Fund seeks to track an index of securities selected using environmental, social, and governance sustainability criteria while retaining industry-group weights broadly similar to the S&P 500 Index.

NACP Before fees and expenses, the Fund seeks to track the Morningstar Minority Empowerment Index. It normally invests at least 80% of assets plus investment borrowings in securities included in that index.

Why people hold it

EFIV Charges 0.10% a year, well under the 0.25% typical of its values-screened peer group.
Keeps industry-group weights broadly similar to the S&P 500, so the screen changes which names you own more than which sectors.
Tracks its declared index very tightly, one of the cleaner implementations in its cohort.
Straightforward 1940 Act index fund from SPDR, running since 2020, distributing quarterly.

NACP One screen, stated up front: the Morningstar Minority Empowerment Index. Not a general-purpose ESG blend with a theme bolted on.
Does what the label says. At least 80% of assets sit in index securities, run passively, and the holdings line up closely with the mission it advertises.
About 50 US names, so the screen actually shows up in the portfolio instead of getting diluted across a whole market-cap index.
Trading since 2018 and paying quarterly, so there's a multi-year operating record behind the theme.

Worth knowing

EFIV About 300 stocks, not 500. The screens remove names, so results can diverge from the headline S&P 500.
Cheaper shelf-mates exist: XVV at 0.08% and ESGV at 0.09% undercut it on fee.
Mid-size asset base and moderate trading volume, which can mean wider spreads than the mega-cap index giants.

NACP Costs 0.49% a year, roughly double the ESG cohort median of 0.25% and well above broad screens like ESGV (0.09%) or ESGU (0.15%).
Thinly traded. Spreads can run wider than in the category's heavyweights, and bigger orders take more care to fill.
A roughly 50-stock portfolio swings with individual names and sectors more than a broad ESG index fund holding the whole market.

Full EFIV profile⁠

Full NACP profile⁠

EFIV vs NACP Holdings

How EFIV and NACP differ

Overlap by weight

55.4%

Shared holdings make up 69.1% of EFIV and 66.8% of NACP.

Level by level

Holdings140 in both55.4%
Countryby domicile99.5%
Asset classEquity100%

Sector

No Sector split for EFIV.

Country, concentration and asset class

Country by domicile

Country weights in EFIV and NACP, widest gap first
Country	More in EFIVMore in NACP	EFIV	NACP
United States	NACP +0.4 points	99.4%	99.8%
Switzerland	EFIV +0.3 points	0.3%	0.0%
China	EFIV +0.2 points	0.2%	0.0%
Mexico	NACP +0.2 points	0.0%	0.2%
Ireland	EFIV +0.1 points	0.1%	0.0%
United Kingdom	Same weight	0.1%	0.1%

Concentration

Weight in the 10 largest Holdings

EFIV40.9%
NACP37.6%

Securities held

EFIV324
NACP200

Asset class

EFIV: Equity
NACP: Equity

Holdings

Only in EFIV184
In both140
Only in NACP60

Only in EFIV

184 securities, 30.8% of EFIV by weight

Alphabet Inc Class C3.32%
Eli Lilly & Co2.73%
Costco Wholesale Corp1.10%
Home Depot Inc0.81%
Caterpillar Inc0.74%
Goldman Sachs Group Inc0.67%
Netflix Inc0.64%
Wells Fargo & Co0.64%
Amgen Inc0.62%
Linde PLC0.58%
Walt Disney Co/The0.48%
McDonald’s Corp0.45%
American Express Co0.42%
BlackRock Inc0.42%
Seagate Technology Holdings0.39%
Tjx Companies Inc0.39%
Dell Technologies C0.35%
Western Digital Corp0.35%
Capital One Financial Corp0.32%
Chubb Ltd0.32%
Starbucks Corp0.30%
Servicenow Inc0.28%
Booking Holdings Inc0.28%
Cme Group Inc0.26%
Corning Inc0.25%
Adobe Inc0.24%
Quanta Services Inc0.24%
Us Bancorp0.23%
Cadence Design Sys Inc0.23%
Marsh & Mclennan Cos0.23%
Intercontinental Exchange In0.23%
Intuit Inc0.23%
Constellation Energy0.22%
American Tower Corp0.21%
Fortinet Inc0.21%
Waste Management Inc0.21%
Eog Resources Inc0.21%
Moderna Inc0.20%
Motorola Solutions Inc0.20%
Lumentum Holdings Inc0.20%
Regeneron Pharmaceuticals0.20%
Colgate Palmolive Co0.18%
T Mobile Us Inc0.18%
Air Products & Chemicals Inc0.17%
Target Corp0.17%
Arthur J Gallagher & Co0.17%
Targa Resources Corp0.17%
Allstate Corp0.16%
Digital Realty Trust Inc0.16%
Te Connectivity PLC0.16%

Only in NACP

60 securities, 33.2% of NACP by weight

Amazon.com Inc4.73%
Tesla Inc4.33%
Advanced Micro Devices Inc4.22%
Meta Platforms Inc3.32%
JPMorgan Chase & Co.2.34%
ExxonMobil Holdings Corp2.05%
Johnson & Johnson1.68%
International Business Machines Corp1.26%
Chevron Corp1.15%
Oracle Corp1.09%
Verizon Communications Inc0.49%
Hewlett Packard Enterprise Co0.38%
Progressive Corp/The0.35%
Boeing Co/The0.35%
Southern Co/The0.28%
General Motors Co0.28%
Duke Energy Corp0.26%
3M Co0.24%
PNC Financial Services Group Inc/The0.23%
Northrop Grumman Corp0.22%
United Parcel Service Inc0.22%
Microchip Technology Inc0.22%
Travelers Cos Inc/The0.22%
First American Government Obligations Fund 12/01/20310.21%
Howmet Aerospace Inc0.20%
Honeywell International Inc0.19%
FedEx Corp0.19%
American Electric Power Co Inc0.18%
Cheniere Energy Inc0.18%
Flex Ltd0.16%
Dominion Energy Inc0.15%
L3Harris Technologies Inc0.14%
Xcel Energy Inc0.13%
Vistra Corp0.11%
WEC Energy Group Inc0.10%
Vulcan Materials Co0.10%
Illumina Inc0.09%
Martin Marietta Materials Inc0.09%
DTE Energy Co0.07%
PG&E Corp0.07%
Expeditors International of Washington Inc0.07%
FirstEnergy Corp0.07%
PPL Corp0.07%
HubSpot Inc0.06%
US Foods Holding Corp0.06%
LPL Financial Holdings Inc0.06%
CMS Energy Corp0.06%
NiSource Inc0.06%
Edison International0.05%
DuPont de Nemours Inc0.05%

Weight gaps

The 100 widest of 140 Holdings in both funds.

Holding weights in EFIV and NACP, widest gap first
Holding	More in EFIVMore in NACP	EFIV	NACP
NVIDIA CorpNVDA	EFIV +8.27 points	12.79%	4.52%
Microsoft CorpMSFT	EFIV +4.79 points	9.74%	4.95%
Cisco Systems IncCSCO	NACP +1.11 points	1.06%	2.17%
Palo Alto Networks IncPANW	NACP +1.01 points	0.77%	1.78%
Micron Technology IncMU	NACP +0.92 points	2.62%	3.54%
Applied Materials IncAMAT	NACP +0.79 points	0.83%	1.62%
Texas Instruments IncTXN	NACP +0.74 points	0.70%	1.44%
Lam Research CorpLRCX	NACP +0.73 points	0.79%	1.52%
Alphabet Inc Class AGOOGL	EFIV +0.60 points	4.12%	3.52%
Analog Devices IncADI	NACP +0.54 points	0.52%	1.06%
Salesforce IncCRM	NACP +0.47 points	0.47%	0.94%
Kla CorpKLAC	NACP +0.47 points	0.54%	1.01%
Accenture PLC Class AACN	NACP +0.47 points	0.37%	0.84%
Qualcomm IncQCOM	NACP +0.43 points	0.49%	0.92%
Intel CorpINTC	NACP +0.35 points	1.13%	1.48%
Uber Technologies IncUBER	NACP +0.34 points	0.33%	0.67%
Ciena CorpCIEN	NACP +0.16 points	0.12%	0.28%
Nxp Semiconductors NVNXPI	NACP +0.15 points	0.17%	0.32%
Visa Inc Class A SharesV	NACP +0.15 points	1.73%	1.88%
Lowe’s Cos IncLOW	NACP +0.14 points	0.29%	0.43%
Keysight Technologies InKEYS	NACP +0.13 points	0.14%	0.27%
Marriott International Class AMAR	NACP +0.11 points	0.21%	0.32%
Mastercard Inc AMA	NACP +0.11 points	1.27%	1.38%
AbbVie IncABBV	NACP +0.10 points	1.27%	1.37%
Royal Caribbean Cruises LtdRCL	NACP +0.10 points	0.19%	0.29%
Hilton Worldwide Holdings InHLT	NACP +0.09 points	0.20%	0.29%
Cognizant Tech Solutions ACTSH	NACP +0.09 points	0.07%	0.16%
Coca Cola Co/TheKO	NACP +0.09 points	0.89%	0.98%
Ebay IncEBAY	NACP +0.08 points	0.12%	0.20%
Merck & Co. Inc.MRK	NACP +0.06 points	0.90%	0.96%
Nike Inc Class BNKE	NACP +0.06 points	0.11%	0.17%
Walmart IncWMT	NACP +0.06 points	1.34%	1.40%
Hp IncHPQ	NACP +0.06 points	0.07%	0.13%
Pepsico IncPEP	NACP +0.05 points	0.45%	0.50%
Ford Motor CoF	NACP +0.05 points	0.12%	0.17%
Union Pacific CorpUNP	NACP +0.05 points	0.44%	0.49%
Abbott LaboratoriesABT	NACP +0.04 points	0.45%	0.49%
First Solar IncFSLR	NACP +0.04 points	0.05%	0.09%
Gartner IncIT	NACP +0.05 points	0.03%	0.08%
Danaher CorpDHR	NACP +0.03 points	0.37%	0.40%
Pfizer IncPFE	NACP +0.04 points	0.42%	0.46%
Thermo Fisher Scientific IncTMO	NACP +0.03 points	0.65%	0.68%
At+t IncT	NACP +0.03 points	0.36%	0.39%
ConocophillipsCOP	NACP +0.03 points	0.45%	0.48%
Gilead Sciences IncGILD	NACP +0.03 points	0.51%	0.54%
Illinois Tool WorksITW	NACP +0.03 points	0.18%	0.21%
UnitedHealth Group IncUNH	NACP +0.03 points	0.91%	0.94%
Nextera Energy IncNEE	NACP +0.03 points	0.42%	0.45%
Stryker CorpSYK	NACP +0.03 points	0.27%	0.30%
Welltower IncWELL	NACP +0.03 points	0.42%	0.45%
Bristol Myers Squibb CoBMY	NACP +0.03 points	0.31%	0.34%
Prologis IncPLD	NACP +0.03 points	0.30%	0.33%
Mondelez International Inc AMDLZ	NACP +0.02 points	0.20%	0.22%
Slb LtdSLB	NACP +0.02 points	0.20%	0.22%
Norfolk Southern CorpNSC	NACP +0.02 points	0.19%	0.21%
Moody’s CorpMCO	NACP +0.02 points	0.18%	0.20%
Csx CorpCSX	NACP +0.02 points	0.24%	0.26%
Bank of America CorpBAC	NACP +0.02 points	0.82%	0.84%
Valero Energy CorpVLO	NACP +0.02 points	0.27%	0.29%
Schwab (Charles) CorpSCHW	NACP +0.02 points	0.36%	0.38%
Ecolab IncECL	NACP +0.01 points	0.19%	0.20%
General ElectricGE	NACP +0.01 points	0.81%	0.82%
Phillips 66PSX	NACP +0.02 points	0.27%	0.29%
Marathon Petroleum CorpMPC	NACP +0.02 points	0.30%	0.32%
Cintas CorpCTAS	NACP +0.01 points	0.19%	0.20%
United Rentals IncURI	NACP +0.02 points	0.18%	0.20%
Williams Cos IncWMB	NACP +0.01 points	0.23%	0.24%
Ingersoll Rand IncIR	NACP +0.01 points	0.07%	0.08%
Delta Air Lines IncDAL	NACP +0.01 points	0.12%	0.13%
Kinder Morgan IncKMI	NACP +0.01 points	0.17%	0.18%
Devon Energy CorpDVN	NACP +0.01 points	0.14%	0.15%
S+p Global IncSPGI	NACP +0.01 points	0.35%	0.36%
Equinix IncEQIX	NACP +0.01 points	0.26%	0.27%
Freeport Mcmoran IncFCX	NACP +0.02 points	0.23%	0.25%
Ge Vernova IncGEV	EFIV +0.01 points	0.59%	0.58%
Becton Dickinson and CoBDX	NACP +0.01 points	0.13%	0.14%
Baker Hughes CoBKR	NACP +0.01 points	0.13%	0.14%
Crh PLCCRH	NACP +0.01 points	0.15%	0.16%
Oneok IncOKE	NACP +0.01 points	0.15%	0.16%
Verisk Analytics IncVRSK	NACP +0.01 points	0.06%	0.07%
Johnson Controls InternationJCI	EFIV +0.01 points	0.24%	0.23%
Boston Scientific CorpBSX	NACP +0.01 points	0.15%	0.16%
Aon PLC Class AAON	NACP +0.01 points	0.17%	0.18%
Zoetis IncZTS	NACP +0.01 points	0.08%	0.09%
Cvs Health CorpCVS	NACP +0.01 points	0.29%	0.30%
Nasdaq IncNDAQ	NACP +0.01 points	0.12%	0.13%
Citigroup IncC	Same weight	0.52%	0.52%
Xylem IncXYL	NACP +0.01 points	0.05%	0.06%
Eaton Corp PLCETN	EFIV +0.01 points	0.38%	0.37%
Medtronic PLCMDT	Same weight	0.31%	0.31%
Consolidated Edison IncED	Same weight	0.11%	0.11%
Exelon CorpEXC	Same weight	0.12%	0.12%
Morgan StanleyMS	NACP +0.01 points	0.56%	0.57%
Public Service Enterprise GpPEG	NACP +0.01 points	0.09%	0.10%
Entergy CorpETR	Same weight	0.13%	0.13%
Otis Worldwide CorpOTIS	NACP +0.01 points	0.07%	0.08%
Deere & CoDE	NACP +0.01 points	0.41%	0.42%
Agilent Technologies IncA	Same weight	0.13%	0.13%
Carrier Global CorpCARR	Same weight	0.11%	0.11%
Cummins IncCMI	Same weight	0.18%	0.18%

All 324 EFIV holdings⁠All NACP 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.

EFIV vs NACP Cost

Overpaying NACP vs EFIV

$7,686

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

EFIV 0.10%
$2,106
NACP 0.49%
$9,792

Amount$10,000

Years30 years

Cost over time

EFIV 0.10%
NACP 0.49%
Overpaying

Year by year

Year	EFIV	NACP	Overpaying
10	$183	$883	$700
20	$717	$3,394	$2,677
30	$2,106	$9,792	$7,686

Expense ratio

0.10%EFIV, cheaper
0.49%NACP

EFIV0.10%NACP0.49%

0.08%0.95%

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

EFIV 7th cheapest of 47 funds

NACP 38th cheapest of 47 funds

EFIV vs NACP Dividends

Last 12 months to Nov 2, 2026

Yield (12M): EFIV 1.02%, better; NACP 0.57%
Payout (12M): EFIV $0.74; NACP $0.33
Last payment: EFIV $0.20; NACP $0.10
Ex-dividend: EFIV Sep 21, 2026; NACP Sep 29, 2026
Paid on: EFIV Sep 23, 2026; NACP Sep 30, 2026
Frequency: EFIV Quarterly; NACP Quarterly

Distribution history

Per share, 2018 to 2026, same scale for both

EFIVQuarterly · 25 paymentsAll EFIV payments⁠

NACPQuarterly · 32 paymentsAll NACP payments⁠

EFIV vs NACP Risk

Fall from peak · 5 years

EFIV
NACP

Risk facts

VolatilityStd dev, 3 years: EFIV 12.3%, betterNACP 14.7%
Return per unit of riskSharpe ratio, 3 years: EFIV 1.39NACP 1.44, better
Worst fallMax drawdown, 5 years: EFIV −24.5%, betterNACP −27.9%
Market sensitivityBeta, 5 years: EFIV 1.01NACP 1.08; Market = 1

EFIV and NACP in the news

All news⁠

Filings Digest
AllianceBernstein's AB US Research Advanced ETF began trading on Nasdaq Monday
Oct 27, 2026EFIV

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EFIV vs NACP

In short

Stated mandate

Why people hold it

Worth knowing

How EFIV and NACP differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in EFIV

Only in NACP

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

AllianceBernstein's AB US Research Advanced ETF began trading on Nasdaq Monday

How EFIV and NACP differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in EFIV

Only in NACP

Weight gaps