AVTM vs. NZAC

Last updated Jun 4, 2026

AVTM (Avantis Total Equity Markets ETF) and NZAC (SPDR MSCI ACWI Climate Paris Aligned ETF) are both Global Equities funds. AVTM is actively managed, while NZAC is passively managed. With a 0.97 correlation, they move nearly in lockstep. AVTM charges 0.22%/yr vs 0.12%/yr for NZAC.

Performance

AVTM vs. NZAC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Total Equity Markets ETF (AVTM) and SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AVTM

• 1D: -0.65%
• 1M: 5.45%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NZAC

• 1D: -0.82%
• 1M: 4.49%
• YTD: 8.83%
• 6M: 9.51%
• 1Y: 24.74%
• 3Y*: 19.06%
• 5Y*: 9.88%
• 10Y*: 12.16%

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

AVTM vs. NZAC - Yearly Performance Comparison

	2026 (YTD)
AVTM Avantis Total Equity Markets ETF	9.06%
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF	7.31%

Correlation

The correlation between AVTM and NZAC is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 3, 2026	0.97

AVTM vs. NZAC - Sectors Allocation Comparison

Sectors	AVTM	NZAC
Technology	31.0%	34.3%
Financial Services	16.6%	13.1%
Industrials	11.9%	7.3%
Consumer Cyclical	11.0%	8.2%
Communication Services	10.2%	8.5%
Healthcare	6.4%	7.8%
Energy	4.2%	1.2%
Consumer Defensive	4.2%	1.0%
Basic Materials	2.7%	1.9%
Utilities	1.8%	1.4%
Real Estate	0.2%	5.2%

Return for Risk

AVTM vs. NZAC — Risk / Return Rank

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

NZAC

NZAC Risk / Return Rank: 56
NZAC Sharpe Ratio Rank: 56
NZAC Sortino Ratio Rank: 57
NZAC Omega Ratio Rank: 55
NZAC Calmar Ratio Rank: 49
NZAC Martin Ratio Rank: 60

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.

AVTM vs. NZAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Total Equity Markets ETF (AVTM) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AVTM	NZAC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.92	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.59	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.88	0.61	+1.27

Drawdowns

AVTM vs. NZAC - Drawdown Comparison

The maximum AVTM drawdown since its inception was -9.21%, smaller than the maximum NZAC drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for AVTM and NZAC.

Drawdown Indicators

	AVTM	NZAC	Difference
Max Drawdown Largest peak-to-trough decline	-9.21%	-33.72%	+24.51%
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 Drawdown Current decline from peak	-0.65%	-0.82%	+0.17%
Average Drawdown Average peak-to-trough decline	-2.08%	-5.32%	+3.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.32%	—

Volatility

Volatility by Period

	AVTM	NZAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.72%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.34%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.88%	12.94%	+2.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.88%	16.81%	-0.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.88%	17.14%	-1.26%

AVTM vs. NZAC - Expense Ratio Comparison

AVTM has a 0.22% expense ratio, which is higher than NZAC's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

AVTM vs. NZAC - Dividend Comparison

AVTM's dividend yield for the trailing twelve months is around 0.08%, less than NZAC's 2.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVTM Avantis Total Equity Markets ETF	0.08%	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	2.04%	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

Can I hold both AVTM and NZAC in my portfolio?

With a correlation of 0.97, AVTM 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.

Which ETF is better, AVTM or NZAC?

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.

Which ETF is cheaper, AVTM or NZAC?

NZAC is cheaper with a 0.12% expense ratio, compared with 0.22% for AVTM.

Which ETF pays a higher dividend yield, AVTM or NZAC?

NZAC has the higher dividend yield at 2.04%, compared with 0.08% for AVTM.

What is the main difference between AVTM and NZAC?

They also come from different issuers: Avantis and State Street. Their fees differ too: 0.22% for AVTM and 0.12% for NZAC.