FWD vs. NZAC
Compare and contrast key facts about AB Disruptors ETF (FWD) and SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC).
FWD and NZAC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FWD is an actively managed fund by AllianceBernstein. It was launched on Mar 21, 2023. NZAC is a passively managed fund by State Street that tracks the performance of the MSCI ACWI Climate Paris Aligned Index. It was launched on Nov 25, 2014.
Performance
FWD vs. NZAC - Performance Comparison
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FWD vs. NZAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FWD AB Disruptors ETF | 3.97% | 32.00% | 29.23% | 25.66% |
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF | -5.23% | 20.55% | 16.67% | 18.82% |
Returns By Period
In the year-to-date period, FWD achieves a 3.97% return, which is significantly higher than NZAC's -5.23% return.
FWD
- 1D
- 5.03%
- 1M
- -7.40%
- YTD
- 3.97%
- 6M
- 7.40%
- 1Y
- 54.36%
- 3Y*
- 28.49%
- 5Y*
- —
- 10Y*
- —
NZAC
- 1D
- 3.15%
- 1M
- -5.91%
- YTD
- -5.23%
- 6M
- -2.63%
- 1Y
- 17.22%
- 3Y*
- 15.04%
- 5Y*
- 8.05%
- 10Y*
- 10.82%
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FWD vs. NZAC - Expense Ratio Comparison
FWD has a 0.65% expense ratio, which is higher than NZAC's 0.12% expense ratio.
Return for Risk
FWD vs. NZAC — Risk / Return Rank
FWD
NZAC
FWD vs. NZAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Disruptors ETF (FWD) 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.
| FWD | NZAC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.89 | 0.97 | +0.93 |
Sortino ratioReturn per unit of downside risk | 2.51 | 1.51 | +0.99 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.22 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 3.94 | 1.59 | +2.35 |
Martin ratioReturn relative to average drawdown | 13.30 | 6.70 | +6.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FWD | NZAC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 0.97 | +0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.48 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.24 | 0.54 | +0.70 |
Correlation
The correlation between FWD and NZAC is 0.84, 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.
Dividends
FWD vs. NZAC - Dividend Comparison
FWD's dividend yield for the trailing twelve months is around 0.11%, less than NZAC's 2.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FWD AB Disruptors ETF | 0.11% | 0.11% | 1.89% | 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 | 2.01% | 1.90% | 1.88% | 1.65% | 1.81% | 1.62% | 1.59% | 2.17% | 2.53% | 2.20% | 2.00% | 2.40% |
Drawdowns
FWD vs. NZAC - Drawdown Comparison
The maximum FWD drawdown since its inception was -29.02%, smaller than the maximum NZAC drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for FWD and NZAC.
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Drawdown Indicators
| FWD | NZAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.02% | -33.72% | +4.70% |
Max Drawdown (1Y)Largest decline over 1 year | -13.50% | -10.85% | -2.65% |
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 | -8.65% | -7.27% | -1.38% |
Average DrawdownAverage peak-to-trough decline | -4.23% | -5.39% | +1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.00% | 2.57% | +1.43% |
Volatility
FWD vs. NZAC - Volatility Comparison
AB Disruptors ETF (FWD) has a higher volatility of 11.26% compared to SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) at 6.18%. This indicates that FWD's price experiences larger fluctuations and is considered to be riskier 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
| FWD | NZAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.26% | 6.18% | +5.08% |
Volatility (6M)Calculated over the trailing 6-month period | 19.48% | 10.07% | +9.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.86% | 17.91% | +10.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.63% | 16.73% | +7.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.63% | 17.09% | +7.54% |