GEQT.TO vs. NZAC
GEQT.TO (iShares ESG Equity ETF Portfolio) and NZAC (SPDR MSCI ACWI Climate Paris Aligned ETF) are both Global Equities funds. GEQT.TO is actively managed, while NZAC is passively managed. Over the past 5 years, GEQT.TO returned 14.25%/yr vs 12.60%/yr for NZAC. A 0.57 correlation means they provide meaningful diversification when combined. GEQT.TO charges 0.25%/yr vs 0.12%/yr for NZAC.
Performance
GEQT.TO vs. NZAC - Performance Comparison
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Different Trading Currencies
GEQT.TO is traded in CAD, while NZAC is traded in USD. To make them comparable, the NZAC values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GEQT.TO achieves a 14.29% return, which is significantly higher than NZAC's 8.93% return.
GEQT.TO
- 1D
- 0.73%
- 1M
- 3.38%
- YTD
- 14.29%
- 6M
- 12.50%
- 1Y
- 30.11%
- 3Y*
- 22.29%
- 5Y*
- 14.25%
- 10Y*
- —
NZAC
- 1D
- 0.46%
- 1M
- 1.30%
- YTD
- 8.93%
- 6M
- 9.24%
- 1Y
- 25.40%
- 3Y*
- 19.30%
- 5Y*
- 12.60%
- 10Y*
- 13.24%
GEQT.TO vs. NZAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GEQT.TO iShares ESG Equity ETF Portfolio | 14.29% | 17.86% | 25.42% | 22.35% | -15.19% | 21.99% | 7.15% |
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF | 8.93% | 15.05% | 26.55% | 20.29% | -14.68% | 18.29% | 8.00% |
Correlation
The correlation between GEQT.TO and NZAC is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2020 | 0.57 |
Over the past year, GEQT.TO and NZAC have become more correlated (0.78) than their long-term average of 0.57, meaning their price movements have been converging.
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Return for Risk
GEQT.TO vs. NZAC — Risk / Return Rank
GEQT.TO
NZAC
GEQT.TO vs. NZAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Equity ETF Portfolio (GEQT.TO) 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.
| GEQT.TO | NZAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.29 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 2.30 | +0.76 |
| Martin ratioReturn relative to average drawdown | 12.49 | 8.41 | +4.07 |
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Drawdowns
GEQT.TO vs. NZAC - Drawdown Comparison
The maximum GEQT.TO drawdown since its inception was -23.66%, smaller than the maximum NZAC drawdown of -27.89%. Use the drawdown chart below to compare losses from any high point for GEQT.TO and NZAC.
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Drawdown Indicators
| GEQT.TO | NZAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.66% | -27.89% | +4.23% |
Max Drawdown (1Y)Largest decline over 1 year | -9.29% | -10.14% | +0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -18.02% | -16.47% | -1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -23.66% | -23.56% | -0.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.89% | — |
Current DrawdownCurrent decline from peak | -0.75% | -1.76% | +1.01% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -4.12% | -0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 2.77% | -0.50% |
Volatility
GEQT.TO vs. NZAC - Volatility Comparison
iShares ESG Equity ETF Portfolio (GEQT.TO) has a higher volatility of 5.72% compared to SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) at 5.20%. This indicates that GEQT.TO'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
| GEQT.TO | NZAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.72% | 5.20% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 12.25% | 11.43% | +0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.41% | 13.96% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.58% | 17.90% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.36% | 18.16% | -0.80% |
GEQT.TO vs. NZAC - Expense Ratio Comparison
GEQT.TO has a 0.25% 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
GEQT.TO vs. NZAC - Dividend Comparison
GEQT.TO's dividend yield for the trailing twelve months is around 1.11%, less than NZAC's 2.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GEQT.TO iShares ESG Equity ETF Portfolio | 1.11% | 1.26% | 1.38% | 1.58% | 1.82% | 1.32% | 0.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF | 2.08% | 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
GEQT.TO and NZAC have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.25% for GEQT.TO.
They also come from different issuers: iShares and State Street. Their fees differ too: 0.25% for GEQT.TO and 0.12% for NZAC.
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