EFIV vs VEGN: Grades, Fees and Holdings Compared

State Street SPDR S&P 500 ESG ETF

EFIVANYSE Arca

US Vegan Climate ETF

VEGNFCboe

Overlap

32.6%by weight

Expense ratio

EFIV −0.50pt a year

EFIV0.10%VEGN0.60%

Avg volume · 30D

EFIV 10.9×the volume

EFIV59.9KVEGN5.5K

5Y return · a year

EFIV +0.5pt

EFIV+11.5%VEGN+11.0%

EFIV vs VEGN Performance

Nov 9, 2021 – Nov 9, 2026

+72.7%EFIV+68.2%VEGN

Expense ratio: EFIV 0.10%, better; VEGN 0.60%
Fund size: EFIV $1B; VEGN $165M
1Y total return: EFIV +12.9%; VEGN +19.8%, better
Yield (12M): EFIV 1.03%, better; VEGN 0.61%
Holdings: EFIV 326; VEGN 261
Avg volume (30D): EFIV 59.9K sh, better; VEGN 5.5K sh
NAV per share: EFIV $70.67; VEGN $68.57
52W range

ETF.net Grade

Pillar letters and Scores for EFIV, VEGN, with each pillar’s weight
Pillar	EFIV	VEGN
Cost30% weight	A86Higher	F6
Mission25% weight	A100	Not scored
Risk15% weight	C51Higher	F21
Tradability15% weight	A84Higher	C40
Holdings10% weight	C43	C49Higher
Durability5% weight	B68Higher	C44

Rank among US ESG & Values Index funds

How we build Categories ›

Same Category. EFIV and VEGN 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 VEGN 47th of 47 funds in the US ESG & Values Index Category.

Rank 1AKLMNInvesco MSCI North America Climate ETFScore 80
Rank 2AEFIVState Street SPDR S&P 500 ESG ETFScore 78
Rank 2ASNPEXtrackers S&P 500 Scored & Screened ETFScore 78
Rank 46DSTNCHennessy Sustainable ETFScore 26
Rank 47FVEGNUS Vegan Climate ETFScore 24

Our read on each fund

ETF.net Research

EFIVAState Street SPDR S&P 500 ESG ETF

VEGNFUS Vegan Climate 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.

VEGN Most ESG funds sand off the rough edges. VEGN starts from a vegan rulebook: animal-welfare, environmental and climate exclusions applied to a US stock index, replicated passively since its 2019 launch.

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.

VEGN The Fund seeks to track the Beyond Investing US Vegan Climate Index before fees and expenses. It uses passive indexing, generally replicating the Index while applying its vegan, animal-welfare, environmental, and climate-related exclusions.

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.

VEGN One rulebook, plainly stated: vegan, animal-welfare, environmental and climate exclusions, then passive replication of whatever survives the screen.
Follows a named, published benchmark (the Beyond Investing US Vegan Climate Index), so what's in and out follows written index rules rather than manager discretion.
Live since 2019, so a screen this specific has a multi-year record in a real US equity portfolio, not a backtest.

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.

VEGN At 0.60% a year it costs more than double the typical fund in its ESG cohort. Broad screened peers like ESGV and SNPE charge about a tenth of a percent.
Thinly traded, so limit orders matter and spreads can run wider than in the mega ESG index funds.
Screening out whole industries pulls the portfolio away from the broad US market, so its results can diverge from it in either direction.

Full EFIV profile⁠

Full VEGN profile⁠

EFIV vs VEGN Holdings

How EFIV and VEGN differ

Overlap by weight

32.6%

Shared holdings make up 62.9% of VEGN and 41.2% of EFIV.

Level by level

Holdings107 in both32.6%
Sector11 Sectors71.0%
Asset classStocks100%
Countryby domicile99.6%

Sector

Sector weights in EFIV and VEGN, widest gap first
Sector	Gap	EFIV	VEGN
Technology	VEGN +24.5 points	34.2%	58.7%
Health Care	EFIV +9.1 points	13.6%	4.5%
Consumer Staples	EFIV +5.9 points	5.9%	0.0%
Industrials	EFIV +3.4 points	8.4%	5.0%
Consumer Discretionary	EFIV +3.2 points	5.1%	1.9%
Energy	EFIV +2.9 points	3.0%	0.1%
Financials	VEGN +2.5 points	14.0%	16.5%
Real Estate	VEGN +2.1 points	2.3%	4.4%
Communication	EFIV +1.8 points	9.9%	8.1%
Materials	EFIV +1.6 points	2.2%	0.6%
Utilities	EFIV +1.3 points	1.4%	0.1%

Country, concentration and asset class

Country by domicile

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

Concentration

Weight in the 10 largest Holdings

EFIV40.6%
VEGN38.7%

Securities held

EFIV324
VEGN260

Asset class

EFIV: Stocks
VEGN: Stocks

Holdings

Only in EFIV217
In both107
Only in VEGN153

Only in EFIV

217 securities, 58.7% of EFIV by weight

Microsoft Corp10.21%
Alphabet Inc Class C3.50%
Eli Lilly & Co2.81%
Walmart Inc1.45%
AbbVie Inc1.34%
Costco Wholesale Corp1.22%
Coca Cola Co/The0.96%
Merck & Co. Inc.0.94%
Home Depot Inc0.89%
General Electric0.87%
Bank of America Corp0.83%
Netflix Inc0.69%
Caterpillar Inc0.67%
Thermo Fisher Scientific Inc0.67%
Wells Fargo & Co0.66%
Goldman Sachs Group Inc0.65%
Amgen Inc0.65%
Linde PLC0.62%
Morgan Stanley0.56%
Gilead Sciences Inc0.54%
Ge Vernova Inc0.54%
Walt Disney Co/The0.52%
Citigroup Inc0.52%
McDonald’s Corp0.51%
Pepsico Inc0.50%
Abbott Laboratories0.49%
Nextera Energy Inc0.47%
Analog Devices Inc0.46%
Qualcomm Inc0.46%
Union Pacific Corp0.45%
BlackRock Inc0.44%
Pfizer Inc0.43%
Conocophillips0.43%
Tjx Companies Inc0.39%
Schwab (Charles) Corp0.39%
Danaher Corp0.37%
Uber Technologies Inc0.36%
Eaton Corp PLC0.34%
Medtronic PLC0.34%
Chubb Ltd0.33%
Newmont Corp0.33%
Bristol Myers Squibb Co0.33%
Lowe’s Cos Inc0.33%
Capital One Financial Corp0.32%
Starbucks Corp0.31%
Stryker Corp0.30%
Cvs Health Corp0.28%
Marathon Petroleum Corp0.27%
Valero Energy Corp0.26%
Phillips 660.26%

Only in VEGN

153 securities, 37.0% of VEGN by weight

Apple Inc5.42%
Advanced Micro Devices Inc4.28%
Broadcom Inc3.38%
International Business Machines Corp2.19%
Crowdstrike Holdings Inc1.97%
Verizon Communications Inc1.85%
Oracle Corp1.65%
Arista Networks Inc1.56%
Marvell Technology Inc1.15%
Sandisk Corp1.10%
Progressive Corp/The0.49%
McKesson Corp0.47%
Automatic Data Processing Inc0.45%
AppLovin Corp0.36%
Snowflake Inc0.34%
Comcast Corp0.32%
Synopsys Inc0.31%
Cloudflare Inc0.31%
United Parcel Service Inc0.29%
O'Reilly Automotive Inc0.27%
Simon Property Group Inc0.27%
FedEx Corp0.25%
Vertiv Holdings Co0.23%
DoorDash Inc0.23%
Datadog Inc0.21%
Monolithic Power Systems Inc0.21%
Realty Income Corp0.20%
Public Storage0.19%
Vivmark Residential0.17%
IQVIA Holdings Inc0.17%
Block Inc0.17%
Veeva Systems Inc0.17%
Ferguson Enterprises Inc0.16%
Natera Inc0.15%
Strategy Inc0.15%
Crown Castle Inc0.14%
Paychex Inc0.14%
First American Government Obligations Fund 12/01/20310.13%
Teradyne Inc0.12%
Fiserv Inc0.12%
Sunbelt Rentals Holdings Inc0.12%
ROBLOX Corp0.11%
Microchip Technology Inc0.11%
Everpure Inc0.11%
Twilio Inc0.11%
Cincinnati Financial Corp0.10%
Live Nation Entertainment Inc0.10%
Copart Inc0.10%
AerCap Holdings NV0.10%
EMCOR Group Inc0.10%

Weight gaps

The 100 widest of 107 Holdings in both funds.

Holding weights in EFIV and VEGN, widest gap first
Holding	Gap	EFIV	VEGN
NVIDIA CorpNVDA	EFIV +7.70 points	11.70%	4.00%
Visa Inc Class A SharesV	VEGN +2.72 points	1.87%	4.59%
Mastercard Inc AMA	VEGN +2.54 points	1.37%	3.91%
Micron Technology IncMU	VEGN +2.19 points	2.02%	4.21%
UnitedHealth Group IncUNH	VEGN +1.92 points	0.92%	2.84%
Palo Alto Networks IncPANW	VEGN +1.77 points	0.67%	2.44%
Cisco Systems IncCSCO	VEGN +1.68 points	0.96%	2.64%
Texas Instruments IncTXN	VEGN +1.55 points	0.66%	2.21%
Applied Materials IncAMAT	VEGN +1.49 points	0.69%	2.18%
Salesforce IncCRM	VEGN +1.40 points	0.45%	1.85%
Lam Research CorpLRCX	VEGN +1.37 points	0.65%	2.02%
American Express CoAXP	VEGN +1.24 points	0.44%	1.68%
Kla CorpKLAC	VEGN +1.22 points	0.47%	1.69%
Welltower IncWELL	VEGN +1.08 points	0.46%	1.54%
At+t IncT	VEGN +1.08 points	0.39%	1.47%
Intel CorpINTC	VEGN +0.98 points	0.73%	1.71%
Alphabet Inc Class AGOOGL	EFIV +0.86 points	4.33%	3.47%
Seagate Technology HoldingsSTX	VEGN +0.69 points	0.27%	0.96%
Western Digital CorpWDC	VEGN +0.59 points	0.25%	0.84%
Accenture PLC Class AACN	VEGN +0.17 points	0.41%	0.58%
Deere & CoDE	VEGN +0.17 points	0.44%	0.61%
S+p Global IncSPGI	VEGN +0.15 points	0.37%	0.52%
Booking Holdings IncBKNG	VEGN +0.15 points	0.31%	0.46%
Prologis IncPLD	VEGN +0.12 points	0.31%	0.43%
Cme Group IncCME	VEGN +0.11 points	0.29%	0.40%
Servicenow IncNOW	VEGN +0.12 points	0.27%	0.39%
Bank of New York Mellon CorpBNY	VEGN +0.11 points	0.26%	0.37%
Adobe IncADBE	VEGN +0.10 points	0.25%	0.35%
Marsh & Mclennan CosMRSH	VEGN +0.11 points	0.25%	0.36%
Equinix IncEQIX	VEGN +0.10 points	0.26%	0.36%
Trane Technologies PLCTT	VEGN +0.09 points	0.23%	0.32%
Intuit IncINTU	VEGN +0.10 points	0.24%	0.34%
American Tower CorpAMT	VEGN +0.09 points	0.23%	0.32%
Cadence Design Sys IncCDNS	VEGN +0.09 points	0.23%	0.32%
Johnson Controls InternationJCI	VEGN +0.09 points	0.21%	0.30%
Moody’s CorpMCO	VEGN +0.09 points	0.19%	0.28%
Dell Technologies CDELL	VEGN +0.08 points	0.26%	0.34%
Fortinet IncFTNT	VEGN +0.08 points	0.19%	0.27%
The Cigna GroupCI	VEGN +0.08 points	0.20%	0.28%
T Mobile Us IncTMUS	VEGN +0.08 points	0.20%	0.28%
Arthur J Gallagher & CoAJG	VEGN +0.07 points	0.19%	0.26%
Allstate CorpALL	VEGN +0.07 points	0.17%	0.24%
Ebay IncEBAY	VEGN +0.07 points	0.13%	0.20%
United Rentals IncURI	VEGN +0.07 points	0.17%	0.24%
Nxp Semiconductors NVNXPI	VEGN +0.07 points	0.16%	0.23%
Aflac IncAFL	VEGN +0.07 points	0.14%	0.21%
Fastenal CoFAST	VEGN +0.06 points	0.16%	0.22%
Ww Grainger IncGWW	VEGN +0.06 points	0.16%	0.22%
Metlife IncMET	VEGN +0.06 points	0.14%	0.20%
Autodesk IncADSK	VEGN +0.06 points	0.14%	0.20%
Humana IncHUM	VEGN +0.06 points	0.13%	0.19%
Paccar IncPCAR	VEGN +0.05 points	0.14%	0.19%
Aon PLC Class AAON	VEGN +0.06 points	0.18%	0.24%
Ameriprise Financial IncAMP	VEGN +0.06 points	0.11%	0.17%
Fifth Third BancorpFITB	VEGN +0.05 points	0.12%	0.17%
Wabtec CorpWAB	VEGN +0.04 points	0.13%	0.17%
Workday Inc Class AWDAY	VEGN +0.05 points	0.10%	0.15%
Rockwell Automation IncROK	VEGN +0.04 points	0.11%	0.15%
Prudential Financial IncPRU	VEGN +0.04 points	0.11%	0.15%
Cbre Group Inc ACBRE	VEGN +0.04 points	0.10%	0.14%
Msci IncMSCI	VEGN +0.04 points	0.12%	0.16%
Dr Horton IncDHI	VEGN +0.04 points	0.10%	0.14%
Nasdaq IncNDAQ	VEGN +0.05 points	0.12%	0.17%
Coherent CorpCOHR	VEGN +0.04 points	0.10%	0.14%
Cboe Global Markets IncCBOE	VEGN +0.03 points	0.10%	0.13%
Arch Capital Group LtdACGL	VEGN +0.04 points	0.09%	0.13%
Take Two Interactive SoftwreTTWO	VEGN +0.04 points	0.10%	0.14%
Cognizant Tech Solutions ACTSH	VEGN +0.03 points	0.08%	0.11%
M & T Bank CorpMTB	VEGN +0.04 points	0.08%	0.12%
Mettler Toledo InternationalMTD	VEGN +0.04 points	0.09%	0.13%
Ventas IncVTR	VEGN +0.03 points	0.12%	0.15%
Netapp IncNTAP	VEGN +0.03 points	0.09%	0.12%
Centene CorpCNC	VEGN +0.03 points	0.09%	0.12%
Extra Space Storage IncEXR	VEGN +0.03 points	0.09%	0.12%
Comfort Systems Usa IncFIX	VEGN +0.04 points	0.09%	0.13%
Ciena CorpCIEN	VEGN +0.03 points	0.09%	0.12%
Willis Towers Watson PLCWTW	VEGN +0.03 points	0.08%	0.11%
Otis Worldwide CorpOTIS	VEGN +0.03 points	0.08%	0.11%
Huntington Bancshares IncHBAN	VEGN +0.03 points	0.08%	0.11%
Expedia Group IncEXPE	VEGN +0.03 points	0.08%	0.11%
Iron Mountain IncIRM	VEGN +0.03 points	0.08%	0.11%
Raymond James Financial IncRJF	VEGN +0.04 points	0.07%	0.11%
Synchrony FinancialSYF	VEGN +0.03 points	0.06%	0.09%
American Water Works Co IncAWK	VEGN +0.03 points	0.08%	0.11%
Ptc IncPTC	VEGN +0.03 points	0.05%	0.08%
Verisk Analytics IncVRSK	VEGN +0.03 points	0.07%	0.10%
Citizens Financial GroupCFG	VEGN +0.03 points	0.07%	0.10%
Interactive Brokers Gro Class AIBKR	VEGN +0.03 points	0.09%	0.12%
Omnicom GroupOMC	VEGN +0.03 points	0.06%	0.09%
Dover CorpDOV	VEGN +0.03 points	0.07%	0.10%
On SemiconductorON	VEGN +0.03 points	0.06%	0.09%
Global Payments IncGPN	VEGN +0.02 points	0.06%	0.08%
Regions Financial CorpRF	VEGN +0.03 points	0.06%	0.09%
Jabil IncJBL	VEGN +0.02 points	0.07%	0.09%
Broadridge Financial SolutioBR	VEGN +0.02 points	0.06%	0.08%
Hubbell IncHUBB	VEGN +0.02 points	0.06%	0.08%
Smurfit Westrock PLCSW	VEGN +0.02 points	0.06%	0.08%
Sba Communications CorpSBAC	VEGN +0.02 points	0.05%	0.07%
KeycorpKEY	VEGN +0.02 points	0.05%	0.07%
First Solar IncFSLR	VEGN +0.01 points	0.06%	0.07%

All 324 EFIV holdings⁠All VEGN 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 VEGN Cost

Overpaying VEGN vs EFIV

$9,711

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

EFIV 0.10%
$2,106
VEGN 0.60%
$11,817

Amount$10,000

Years30 years

Cost over time

EFIV 0.10%
VEGN 0.60%
Overpaying

Year by year

Year	EFIV	VEGN	Overpaying
10	$183	$1,076	$893
20	$717	$4,116	$3,399
30	$2,106	$11,817	$9,711

Expense ratio

0.10%EFIV, cheaper
0.60%VEGN

EFIV0.10%VEGN0.60%

0.08%0.95%

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

EFIV 7th cheapest of 47 funds

VEGN 44th cheapest of 47 funds

EFIV vs VEGN Dividends

Last 12 months to Nov 9, 2026

Yield (12M): EFIV 1.03%, better; VEGN 0.61%
Payout (12M): EFIV $0.74; VEGN $0.44
Last payment: EFIV $0.20; VEGN $0.06
Ex-dividend: EFIV Sep 21, 2026; VEGN Sep 15, 2026
Paid on: EFIV Sep 23, 2026; VEGN Sep 16, 2026
Frequency: EFIV Quarterly; VEGN Quarterly

Distribution history

Per share, 2019 to 2026, same scale for both

EFIVQuarterly · 25 paymentsAll EFIV payments⁠

VEGNQuarterly · 28 paymentsAll VEGN payments⁠

EFIV vs VEGN Risk

Fall from peak · 5 years

EFIV
VEGN

Risk facts

VolatilityStd dev, 3 years: EFIV 12.3%, betterVEGN 20.1%
Return per unit of riskSharpe ratio, 3 years: EFIV 1.39, betterVEGN 1.06
Worst fallMax drawdown, 5 years: EFIV −24.5%, betterVEGN −32.7%
Market sensitivityBeta, 5 years: EFIV 1.01VEGN 1.23; Market = 1

EFIV and VEGN 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 VEGN

In short

Stated mandate

Why people hold it

Worth knowing

How EFIV and VEGN differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in EFIV

Only in VEGN

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 VEGN differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in EFIV

Only in VEGN

Weight gaps