FGD vs. NZAC
FGD (First Trust Dow Jones Global Select Dividend Index Fund) and NZAC (SPDR MSCI ACWI Climate Paris Aligned ETF) are both Global Equities funds - FGD tracks the Dow Jones Global Select Dividend Index while NZAC tracks the MSCI ACWI Climate Paris Aligned Index. Both are passively managed. Over the past 10 years, FGD returned 10.21%/yr vs 11.95%/yr for NZAC. Their 0.70 correlation means they have sometimes moved together and sometimes differently. FGD charges 0.55%/yr vs 0.12%/yr for NZAC.
Performance
FGD vs. NZAC - Performance Comparison
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Returns By Period
In the year-to-date period, FGD achieves a 17.14% return, which is significantly higher than NZAC's 10.47% return. Over the past 10 years, FGD has underperformed NZAC with an annualized return of 10.21%, while NZAC has yielded a comparatively higher 11.95% annualized return.
FGD
- 1D
- -0.37%
- 1M
- 6.49%
- 6M
- 8.53%
- YTD
- 17.14%
- 1Y
- 31.46%
- 3Y*
- 23.79%
- 5Y*
- 12.41%
- 10Y*
- 10.21%
- ALL TIME*
- 6.23%
NZAC
- 1D
- -0.05%
- 1M
- 1.93%
- 6M
- 10.56%
- YTD
- 10.47%
- 1Y
- 20.75%
- 3Y*
- 18.59%
- 5Y*
- 9.76%
- 10Y*
- 11.95%
- ALL TIME*
- 10.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.40M | $5.84M | $6.62M | |
| $225.27K | $160.91K | $205.87K |
FGD vs. NZAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGD First Trust Dow Jones Global Select Dividend Index Fund | 17.14% | 44.42% | 5.71% | 8.20% | -7.25% | 20.83% | -5.23% | 20.64% | -12.49% | 17.87% |
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF | 10.47% | 20.55% | 16.67% | 23.22% | -19.77% | 18.35% | 17.21% | 28.24% | -9.80% | 22.93% |
Correlation
The correlation between FGD and NZAC is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2014 | 0.70 |
The correlation between FGD and NZAC has been stable across timeframes, ranging from 0.64 to 0.73 - a consistent structural relationship.
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Return for Risk
FGD vs. NZAC — Risk / Return Rank
FGD
NZAC
FGD vs. NZAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones Global Select Dividend Index Fund (FGD) 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.
| FGD | NZAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.26 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 2.06 | +1.16 |
| Martin ratioReturn relative to average drawdown | 10.89 | 8.16 | +2.73 |
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Drawdowns
FGD vs. NZAC - Drawdown Comparison
The maximum FGD drawdown since its inception was -68.05%, which is greater than NZAC's maximum drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for FGD and NZAC.
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Drawdown Indicators
| FGD | NZAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.05% | -33.72% | -34.33% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | -10.10% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -11.50% | -16.19% | +4.69% |
Max Drawdown (5Y)Largest decline over 5 years | -28.68% | -28.31% | -0.37% |
Max Drawdown (10Y)Largest decline over 10 years | -44.84% | -33.72% | -11.12% |
Current DrawdownCurrent decline from peak | -0.37% | -0.05% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -12.47% | -5.28% | -7.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 2.55% | +0.35% |
Volatility
FGD vs. NZAC - Volatility Comparison
The current volatility for First Trust Dow Jones Global Select Dividend Index Fund (FGD) is 2.16%, while SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) has a volatility of 4.36%. This indicates that FGD experiences smaller price fluctuations and is considered to be less risky than NZAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGD | NZAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.16% | 4.36% | -2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 9.95% | 11.76% | -1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.44% | 14.05% | -1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.86% | 16.99% | -2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.91% | 17.09% | +0.82% |
FGD vs. NZAC - Expense Ratio Comparison
FGD has a 0.55% expense ratio, which is higher than NZAC's 0.12% expense ratio.
Dividends
FGD vs. NZAC - Dividend Comparison
FGD's dividend yield for the trailing twelve months is around 4.99%, more than NZAC's 2.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGD First Trust Dow Jones Global Select Dividend Index Fund | 4.99% | 5.62% | 5.87% | 6.44% | 5.74% | 5.35% | 6.17% | 5.19% | 5.88% | 4.01% | 4.36% | 5.07% |
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF | 2.01% | 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
FGD and NZAC have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NZAC has higher volatility (4.36%) compared to FGD (2.16%). In terms of maximum drawdown, FGD dropped -68.05% vs NZAC's -33.72%.
On 10-year performance, NZAC leads with 11.95% vs 10.21% for FGD. On fees, NZAC is cheaper at 0.12% per year. On volatility, FGD has been the lower-risk option at 2.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, NZAC has performed better with a 11.95% return vs 10.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NZAC is cheaper with a 0.12% expense ratio, compared with 0.55% for FGD.
FGD has the higher dividend yield at 4.99%, compared with 2.01% for NZAC.
FGD tracks Dow Jones Global Select Dividend Index, while NZAC tracks MSCI ACWI Climate Paris Aligned Index. They also come from different issuers: First Trust and State Street. Their fees differ too: 0.55% for FGD and 0.12% for NZAC.
FGD currently has the higher Sharpe Ratio (2.54 vs 1.48), 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.
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