ZIG vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Acquirers Fund (ZIG) and S&P 500 Index (^GSPC).

ZIG is a passively managed fund by Acquirers Funds that tracks the performance of the Acquirer's Index. It was launched on May 15, 2019.

Performance

ZIG vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Acquirers Fund (ZIG) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

ZIG vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ZIG Acquirers Fund	7.24%	-2.67%	11.34%	36.70%	-17.34%	37.38%	-15.76%	9.07%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	13.32%

Returns By Period

In the year-to-date period, ZIG achieves a 7.24% return, which is significantly higher than ^GSPC's -3.95% return.

ZIG

• 1D: 0.21%
• 1M: -1.86%
• YTD: 7.24%
• 6M: 4.32%
• 1Y: 12.09%
• 3Y*: 14.13%
• 5Y*: 10.22%
• 10Y*: —

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

ZIG vs. ^GSPC — Risk / Return Rank

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

ZIG

ZIG Risk / Return Rank: 27
ZIG Sharpe Ratio Rank: 25
ZIG Sortino Ratio Rank: 29
ZIG Omega Ratio Rank: 27
ZIG Calmar Ratio Rank: 29
ZIG Martin Ratio Rank: 28

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

ZIG vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Acquirers Fund (ZIG) and S&P 500 Index (^GSPC). 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.

	ZIG	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	0.48	0.92	-0.43
Sortino ratio Return per unit of downside risk	0.89	1.41	-0.52
Omega ratio Gain probability vs. loss probability	1.12	1.21	-0.10
Calmar ratio Return relative to maximum drawdown	0.76	1.41	-0.65
Martin ratio Return relative to average drawdown	2.37	6.61	-4.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZIG vs. ^GSPC - Sharpe Ratio Comparison

The current ZIG Sharpe Ratio is 0.48, which is lower than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of ZIG and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ZIG	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.48	0.92	-0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.61	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.46	-0.12

Correlation

The correlation between ZIG and ^GSPC is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

ZIG vs. ^GSPC - Drawdown Comparison

The maximum ZIG drawdown since its inception was -37.14%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ZIG and ^GSPC.

Drawdown Indicators

	ZIG	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-37.14%	-56.78%	+19.64%
Max Drawdown (1Y) Largest decline over 1 year	-16.65%	-12.14%	-4.51%
Max Drawdown (5Y) Largest decline over 5 years	-29.75%	-25.43%	-4.32%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-6.88%	-5.78%	-1.10%
Average Drawdown Average peak-to-trough decline	-9.84%	-10.75%	+0.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.35%	2.60%	+2.75%

Volatility

ZIG vs. ^GSPC - Volatility Comparison

The current volatility for Acquirers Fund (ZIG) is 3.69%, while S&P 500 Index (^GSPC) has a volatility of 5.37%. This indicates that ZIG experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZIG	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.69%	5.37%	-1.68%
Volatility (6M) Calculated over the trailing 6-month period	12.46%	9.55%	+2.91%
Volatility (1Y) Calculated over the trailing 1-year period	25.11%	18.33%	+6.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.51%	16.90%	+3.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.35%	18.05%	+4.30%