ETF Evaluator:
The Acquirers ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Mid-Cap Value Over the Last Year
| 45.0% | VictoryShares Free Cash Flow ETF (VFLO) |
| 39.1% | Bushido Capital US SMID Cap Equity ETF (RNIN) |
| 38.8% | Bushido Capital US Equity ETF (SMRI) |
| 37.8% | ProShares Equities for Rising Rates ETF (EQRR) |
| 37.4% | Vanguard US Multifactor ETF (VFMF) |
Risk
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Risk
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ETF Details
The Acquirers ETF Overview
The Acquirers ETF (ZIG) is an actively managed U.S. Equity Mid-Cap Value exchange-traded fund (ETF). Acquirers Funds launched the ETF in 2019.
The investment seeks capital appreciation.
The fund is an actively managed exchange-traded fund (“ETF”) and seeks to invests in equity securities of U.S.-listed companies that the fund’s investment adviser, believes to be undervalued, but fundamentally strong. The adviser typically selects approximately 30 stocks from the largest 25% of all stocks. The fund may invest in companies in any economic sector and may frequently and actively purchase and sell securities.
About The Acquirers ETF (ZIG)
There are 2 members of the management team with an average tenure of 7.22 years: Charles Ragauss (2019) and Qiao Duan (2019). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. The Acquirers ETF has 35 securities in its portfolio. The top 10 holdings constitute 37.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
The Acquirers ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. The Acquirers ETF has 3.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 96.1% There is 3.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). The Acquirers ETF has 0.6% of the portfolio in cash.
Assets Under Management
The fund has $31 million in total assets, which is below the $2 billion average for the Mid-Cap Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ZIG Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The The Acquirers ETF expense ratio is above average compared to funds in the Mid-Cap Value category. The Acquirers ETF has an expense ratio of 0.75%, which is 60% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. The Acquirers ETF has a portfolio turnover rate of 107%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 72% for the Mid-Cap Value category.
Recently, in the month of July 2026, The Acquirers ETF returned 1.5%, which earned it a grade of D, as the Mid-Cap Value category had an average return of 3.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
The Acquirers ETF has a trailing yield of 1.75%, which is below the 2.05% category average.
The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
The Acquirers ETF Grades
Year to date, the ETF has returned 9.3%, 6.2 percentage points worse than the category, which translates into a grade of F. The fund has returned 10.5% over the past year (grade of F), 8.5% over the past three years (grade of F) and 8.5% per year over the past five years (grade of F).
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ZIG Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ZIG Return (NAV) | 1.5% | 0.0% | 10.5% | 8.5% | 8.5% | na |
| ZIG Return (Price) | 1.3% | 0.2% | 10.7% | 8.6% | 8.5% | na |
| NAV +/- Price Return | 0.213% | -0.141% | -0.193% | -0.142% | -0.032% | na |
| Mid-Cap Value Avg | 3.5% | 6.1% | 23.5% | 13.9% | 10.2% | 10.8% |
| ZIG Grade (NAV) | D | F | F | F | F | na |
| +/- Category (NAV) | -2.0% | -6.1% | -13.0% | -5.4% | -1.7% | na |
| ZIG Tax-Cost Ratio | na | na | 0.8% | 0.7% | 0.5% | na |
ZIG Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ZIG Return (NAV) | 9.3% | -2.8% | 11.6% | 36.5% | -17.2% | 37.5% | -15.8% | na | na | na | na |
| ZIG Return (Price) | 9.4% | -2.7% | 11.4% | 36.7% | -17.3% | 37.4% | -15.8% | na | na | na | na |
| NAV +/- Price Ret | 0.011% | -0.036% | -0.023% | 0.006% | 0.004% | -0.003% | -0.004% | na | na | na | na |
| Mid-Cap Value Avg | 15.4% | 10.4% | 12.2% | 12.9% | -5.7% | 31.6% | 0.6% | 25.6% | -10.0% | 15.5% | 20.3% |
| ZIG Grade (NAV) | F | F | C | A | F | A | F | na | na | na | na |
| +/- Category | -6.2% | -13.2% | -0.6% | 23.6% | -11.6% | 5.9% | -16.4% | na | na | na | na |
| Risk Measures | |
| Beta: | 0.75 |
| R-Squared: | 33% |
| Standard Deviation: | 17.2% |
| Category Risk Index: | 1.20 |
| Category Risk Rating: | High |
| Total Risk Index: | 1.40 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 1.8% |
| Total Assets: | $ 32 Mil |
| Share Class Assets: | $ 32 Mil |
| Turnover: | 107.0% |
| Expense Ratio: | 0.75% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 7.2 years | |||
| Average Tenure: 7.2 years | |||
| Managers (Year): Ragauss Charles (2019), Duan Qiao (2019) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 35 |
| % in Top 10 Holdings: | 37.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 3.4% |
Portfolio Allocation |
|
| Domestic Stock: | 96.1% |
| Foreign Stock: | 3.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.0% |
| Cash: | 0.6% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Acquirers Funds |
| Phone Number: | 800-617-0004 |
| Website: | |
| Inception Date: | May 14, 2019 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.47% |
