AVOS vs. NZAC
AVOS (Avos Global Equities ETF) and NZAC (SPDR MSCI ACWI Climate Paris Aligned ETF) are both Global Equities funds. AVOS is actively managed, while NZAC is passively managed. Their correlation of 0.93 suggests significant overlap in exposure. AVOS charges 0.64%/yr vs 0.12%/yr for NZAC.
Performance
AVOS vs. NZAC - Performance Comparison
Loading charts...
Returns By Period
AVOS
- 1D
- 0.17%
- 1M
- -1.53%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NZAC
- 1D
- 0.13%
- 1M
- -2.18%
- YTD
- 5.69%
- 6M
- 4.54%
- 1Y
- 18.06%
- 3Y*
- 17.32%
- 5Y*
- 9.10%
- 10Y*
- 12.31%
AVOS vs. NZAC - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
AVOS Avos Global Equities ETF | 8.23% |
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF | 7.20% |
Correlation
The correlation between AVOS and NZAC is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 6, 2026 | 0.93 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AVOS vs. NZAC — Risk / Return Rank
AVOS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NZAC
AVOS vs. NZAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avos Global Equities ETF (AVOS) and SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC). 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.
| AVOS | NZAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.24 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.80 | — |
| Martin ratioReturn relative to average drawdown | — | 7.44 | — |
Loading charts...
Drawdowns
AVOS vs. NZAC - Drawdown Comparison
The maximum AVOS drawdown since its inception was -4.66%, smaller than the maximum NZAC drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for AVOS and NZAC.
Loading charts...
Drawdown Indicators
| AVOS | NZAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.66% | -33.72% | +29.06% |
Max Drawdown (1Y)Largest decline over 1 year | — | -10.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.19% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.31% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -2.12% | -3.68% | +1.56% |
Average DrawdownAverage peak-to-trough decline | -1.38% | -5.31% | +3.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.43% | — |
Volatility
AVOS vs. NZAC - Volatility Comparison
Loading charts...
Volatility by Period
| AVOS | NZAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.31% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.30% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.67% | 13.61% | +5.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.67% | 16.93% | +1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.67% | 17.09% | +1.58% |
AVOS vs. NZAC - Expense Ratio Comparison
AVOS has a 0.64% expense ratio, which is higher than NZAC's 0.12% expense ratio.
Dividends
AVOS vs. NZAC - Dividend Comparison
AVOS has not paid dividends to shareholders, while NZAC's dividend yield for the trailing twelve months is around 2.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVOS Avos Global Equities ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF | 2.10% | 1.90% | 1.88% | 1.65% | 1.81% | 1.62% | 1.59% | 2.17% | 2.53% | 2.20% | 2.00% | 2.40% |
Frequently Asked Questions
With a correlation of 0.93, AVOS and NZAC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, NZAC is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NZAC is cheaper with a 0.12% expense ratio, compared with 0.64% for AVOS.
NZAC has the higher dividend yield at 2.10%, compared with 0.00% for AVOS.
They also come from different issuers: Avos and State Street. Their fees differ too: 0.64% for AVOS and 0.12% for NZAC.
Find the right allocation for AVOS and NZAC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer