FYLD vs. NZAC
FYLD (Cambria Foreign Shareholder Yield ETF) and NZAC (SPDR MSCI ACWI Climate Paris Aligned ETF) are both exchange-traded funds - FYLD is a Foreign Small & Mid Cap Equities fund actively managed by Cambria, while NZAC is a Global Equities fund tracking the MSCI ACWI Climate Paris Aligned Index. FYLD is actively managed, while NZAC is passively managed. Over the past 10 years, FYLD returned 11.60%/yr vs 11.95%/yr for NZAC. Their 0.65 correlation means they have sometimes moved together and sometimes differently. FYLD charges 0.59%/yr vs 0.12%/yr for NZAC.
Performance
FYLD vs. NZAC - Performance Comparison
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Returns By Period
In the year-to-date period, FYLD achieves a 21.93% return, which is significantly higher than NZAC's 10.47% return. Both investments have delivered pretty close results over the past 10 years, with FYLD having a 11.60% annualized return and NZAC not far ahead at 11.95%.
FYLD
- 1D
- -0.14%
- 1M
- 5.37%
- 6M
- 9.35%
- YTD
- 21.93%
- 1Y
- 35.40%
- 3Y*
- 21.91%
- 5Y*
- 12.79%
- 10Y*
- 11.60%
- ALL TIME*
- 8.32%
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) |
|---|---|---|---|
| $1.76M | $1.76M | $3.02M | |
| $225.27K | $160.91K | $205.87K |
FYLD vs. NZAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FYLD Cambria Foreign Shareholder Yield ETF | 21.93% | 34.53% | 3.00% | 13.18% | -5.53% | 18.67% | 4.17% | 17.83% | -14.47% | 29.81% |
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 FYLD and NZAC is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2014 | 0.65 |
The correlation between FYLD and NZAC shifts across timeframes, from 0.49 (1 year) to 0.68 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
FYLD vs. NZAC — Risk / Return Rank
FYLD
NZAC
FYLD vs. NZAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Foreign Shareholder Yield ETF (FYLD) 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.
| FYLD | NZAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.26 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 6.27 | 2.06 | +4.21 |
| Martin ratioReturn relative to average drawdown | 19.10 | 8.16 | +10.94 |
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Drawdowns
FYLD vs. NZAC - Drawdown Comparison
The maximum FYLD drawdown since its inception was -44.55%, which is greater than NZAC's maximum drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for FYLD and NZAC.
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Drawdown Indicators
| FYLD | NZAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.55% | -33.72% | -10.83% |
Max Drawdown (1Y)Largest decline over 1 year | -5.67% | -10.10% | +4.43% |
Max Drawdown (3Y)Largest decline over 3 years | -15.15% | -16.19% | +1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -25.12% | -28.31% | +3.19% |
Max Drawdown (10Y)Largest decline over 10 years | -44.55% | -33.72% | -10.83% |
Current DrawdownCurrent decline from peak | -0.55% | -0.05% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -8.74% | -5.28% | -3.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 2.55% | -0.69% |
Volatility
FYLD vs. NZAC - Volatility Comparison
The current volatility for Cambria Foreign Shareholder Yield ETF (FYLD) is 2.90%, while SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) has a volatility of 4.36%. This indicates that FYLD 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
| FYLD | NZAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 4.36% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 9.29% | 11.76% | -2.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.03% | 14.05% | -2.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 16.99% | -0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.75% | 17.09% | +0.66% |
FYLD vs. NZAC - Expense Ratio Comparison
FYLD has a 0.59% expense ratio, which is higher than NZAC's 0.12% expense ratio.
Dividends
FYLD vs. NZAC - Dividend Comparison
FYLD's dividend yield for the trailing twelve months is around 3.31%, more than NZAC's 2.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FYLD Cambria Foreign Shareholder Yield ETF | 3.31% | 4.07% | 5.41% | 6.06% | 6.13% | 4.74% | 3.94% | 3.73% | 5.17% | 2.85% | 2.72% | 3.98% |
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
FYLD and NZAC have a correlation of 0.49, 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 FYLD (2.90%). In terms of maximum drawdown, FYLD dropped -44.55% vs NZAC's -33.72%.
On 10-year performance, NZAC leads with 11.95% vs 11.60% for FYLD. On fees, NZAC is cheaper at 0.12% per year. On volatility, FYLD has been the lower-risk option at 2.90%. 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 11.60%. 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 0.59% for FYLD.
FYLD has the higher dividend yield at 3.31%, compared with 2.01% for NZAC.
FYLD is categorized as Foreign Small & Mid Cap Equities, while NZAC is Global Equities. They also come from different issuers: Cambria and State Street. Their fees differ too: 0.59% for FYLD and 0.12% for NZAC.
FYLD currently has the higher Sharpe Ratio (2.96 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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