VOTE vs. ZIG

Last updated Jun 26, 2026

VOTE (Engine No. 1 Transform 500 ETF) and ZIG (Acquirers Fund) are both Large Cap Blend Equities funds - VOTE tracks the Morningstar US Large Cap Index while ZIG tracks the Acquirer's Index. Both are passively managed. Over the past 5 years, VOTE returned 12.67%/yr vs 9.57%/yr for ZIG. A 0.69 correlation means they provide meaningful diversification when combined. VOTE charges 0.05%/yr vs 1.85%/yr for ZIG.

Performance

VOTE vs. ZIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Engine No. 1 Transform 500 ETF (VOTE) and Acquirers Fund (ZIG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with VOTE having a 8.07% return and ZIG slightly higher at 8.24%.

VOTE

• 1D: -0.07%
• 1M: -1.98%
• YTD: 8.07%
• 6M: 6.78%
• 1Y: 21.92%
• 3Y*: 21.26%
• 5Y*: 12.67%
• 10Y*: —

ZIG

• 1D: 0.47%
• 1M: -0.94%
• YTD: 8.24%
• 6M: 6.59%
• 1Y: 15.05%
• 3Y*: 12.42%
• 5Y*: 9.57%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VOTE vs. ZIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VOTE Engine No. 1 Transform 500 ETF	8.07%	17.95%	25.23%	27.60%	-19.74%	11.77%
ZIG Acquirers Fund	8.24%	-2.67%	11.34%	36.70%	-17.34%	20.02%

Correlation

The correlation between VOTE and ZIG is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jun 23, 2021	0.69

Over the past year, the correlation between VOTE and ZIG has dropped to 0.44 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

VOTE vs. ZIG - Sectors Allocation Comparison

Sectors	VOTE	ZIG
Technology	39.0%	3.8%
Financial Services	10.9%	6.9%
Communication Services	10.7%	-
Consumer Cyclical	9.9%	39.9%
Healthcare	8.3%	4.2%
Industrials	8.1%	10.2%
Consumer Defensive	4.4%	10.1%
Energy	3.2%	14.6%
Utilities	2.0%	-
Basic Materials	1.7%	10.3%
Real Estate	1.7%	-

Return for Risk

VOTE vs. ZIG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VOTE

VOTE Risk / Return Rank: 60
VOTE Sharpe Ratio Rank: 60
VOTE Sortino Ratio Rank: 57
VOTE Omega Ratio Rank: 58
VOTE Calmar Ratio Rank: 56
VOTE Martin Ratio Rank: 67

ZIG

ZIG Risk / Return Rank: 26
ZIG Sharpe Ratio Rank: 25
ZIG Sortino Ratio Rank: 28
ZIG Omega Ratio Rank: 24
ZIG Calmar Ratio Rank: 27
ZIG Martin Ratio Rank: 28

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VOTE vs. ZIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Engine No. 1 Transform 500 ETF (VOTE) and Acquirers Fund (ZIG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VOTE	ZIG	Difference
Sharpe ratio: Return per unit of total volatility	1.73	0.84	+0.89
Sortino ratio: Return per unit of downside risk	2.38	1.43	+0.95
Omega ratio: Gain probability vs. loss probability	1.31	1.16	+0.15
Calmar ratio: Return relative to maximum drawdown	2.42	1.22	+1.20
Martin ratio: Return relative to average drawdown	10.58	3.62	+6.96

VOTE vs. ZIG - Sharpe Ratio Comparison

The current VOTE Sharpe Ratio is 1.73, which is higher than the ZIG Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of VOTE and ZIG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VOTE vs. ZIG - Drawdown Comparison

The maximum VOTE drawdown since its inception was -25.71%, smaller than the maximum ZIG drawdown of -37.14%. Use the drawdown chart below to compare losses from any high point for VOTE and ZIG.

Drawdown Indicators

	VOTE	ZIG	Difference
Max Drawdown Largest peak-to-trough decline	-25.71%	-37.14%	+11.43%
Max Drawdown (1Y) Largest decline over 1 year	-9.10%	-12.38%	+3.28%
Max Drawdown (3Y) Largest decline over 3 years	-19.08%	-29.75%	+10.67%
Max Drawdown (5Y) Largest decline over 5 years	-25.71%	-29.75%	+4.04%
Current Drawdown Current decline from peak	-3.35%	-6.01%	+2.66%
Average Drawdown Average peak-to-trough decline	-6.09%	-9.71%	+3.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	4.17%	-2.09%

Volatility

VOTE vs. ZIG - Volatility Comparison

Engine No. 1 Transform 500 ETF (VOTE) has a higher volatility of 4.84% compared to Acquirers Fund (ZIG) at 3.56%. This indicates that VOTE's price experiences larger fluctuations and is considered to be riskier than ZIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VOTE	ZIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.84%	3.56%	+1.28%
Volatility (6M) Calculated over the trailing 6-month period	10.06%	9.91%	+0.15%
Volatility (1Y) Calculated over the trailing 1-year period	12.69%	17.96%	-5.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.18%	20.48%	-3.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.16%	22.08%	-4.92%

VOTE vs. ZIG - Expense Ratio Comparison

VOTE has a 0.05% expense ratio, which is lower than ZIG's 1.85% expense ratio.

Dividends

VOTE vs. ZIG - Dividend Comparison

VOTE's dividend yield for the trailing twelve months is around 0.96%, less than ZIG's 1.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
VOTE Engine No. 1 Transform 500 ETF	0.96%	1.03%	1.18%	1.33%	1.54%	0.54%	0.00%
ZIG Acquirers Fund	1.76%	1.91%	1.96%	1.07%	1.26%	0.18%	0.18%

Frequently Asked Questions

Can I hold both VOTE and ZIG in my portfolio?

VOTE and ZIG have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VOTE or ZIG?

VOTE has higher volatility (4.84%) compared to ZIG (3.56%). In terms of maximum drawdown, VOTE dropped -25.71% vs ZIG's -37.14%.

Which ETF is better, VOTE or ZIG?

On 5-year performance, VOTE leads with 12.67% vs 9.57% for ZIG. On fees, VOTE is cheaper at 0.05% per year. On volatility, ZIG has been the lower-risk option at 3.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VOTE or ZIG?

Over the 5-year period, VOTE has performed better with a 12.67% return vs 9.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VOTE or ZIG?

VOTE is cheaper with a 0.05% expense ratio, compared with 1.85% for ZIG.

Which ETF pays a higher dividend yield, VOTE or ZIG?

ZIG has the higher dividend yield at 1.76%, compared with 0.96% for VOTE.

What is the main difference between VOTE and ZIG?

VOTE tracks Morningstar US Large Cap Index, while ZIG tracks Acquirer's Index. They also come from different issuers: Engine No. 1 LLC and Acquirers Funds. Their fees differ too: 0.05% for VOTE and 1.85% for ZIG.

Which has better risk-adjusted returns?

VOTE currently has the higher Sharpe Ratio (1.73 vs 0.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.