GXTG vs. NZAC
GXTG (Global X Thematic Growth ETF) and NZAC (SPDR MSCI ACWI Climate Paris Aligned ETF) are both Global Equities funds - GXTG tracks the Solactive Thematic Growth Index while NZAC tracks the MSCI ACWI Climate Paris Aligned Index. Both are passively managed. Over the past 5 years, GXTG returned -11.97%/yr vs 9.70%/yr for NZAC. A 0.75 correlation means they provide meaningful diversification when combined. GXTG charges 0.50%/yr vs 0.12%/yr for NZAC.
Performance
GXTG vs. NZAC - Performance Comparison
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Returns By Period
In the year-to-date period, GXTG achieves a 1.37% return, which is significantly lower than NZAC's 8.10% return.
GXTG
- 1D
- -0.33%
- 1M
- -15.01%
- 6M
- -5.31%
- YTD
- 1.37%
- 1Y
- -3.84%
- 3Y*
- -4.34%
- 5Y*
- -11.97%
- 10Y*
- —
NZAC
- 1D
- 0.49%
- 1M
- -0.36%
- 6M
- 7.11%
- YTD
- 8.10%
- 1Y
- 19.71%
- 3Y*
- 16.99%
- 5Y*
- 9.70%
- 10Y*
- 11.86%
GXTG vs. NZAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GXTG Global X Thematic Growth ETF | 1.37% | 3.52% | -3.55% | 10.26% | -48.08% | 3.21% | 61.07% | 4.74% |
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF | 8.10% | 20.55% | 16.67% | 23.22% | -19.77% | 18.35% | 17.21% | 5.07% |
Correlation
The correlation between GXTG and NZAC is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2019 | 0.75 |
The correlation between GXTG and NZAC has been stable across timeframes, ranging from 0.73 to 0.82 - a consistent structural relationship.
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Return for Risk
GXTG vs. NZAC — Risk / Return Rank
GXTG
NZAC
GXTG vs. NZAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Thematic Growth ETF (GXTG) 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.
| GXTG | NZAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.26 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 1.96 | -2.12 |
| Martin ratioReturn relative to average drawdown | -0.34 | 8.00 | -8.34 |
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Drawdowns
GXTG vs. NZAC - Drawdown Comparison
The maximum GXTG drawdown since its inception was -67.81%, which is greater than NZAC's maximum drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for GXTG and NZAC.
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Drawdown Indicators
| GXTG | NZAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.81% | -33.72% | -34.09% |
Max Drawdown (1Y)Largest decline over 1 year | -24.65% | -10.10% | -14.55% |
Max Drawdown (3Y)Largest decline over 3 years | -29.97% | -16.19% | -13.78% |
Max Drawdown (5Y)Largest decline over 5 years | -61.17% | -28.31% | -32.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -59.93% | -1.48% | -58.45% |
Average DrawdownAverage peak-to-trough decline | -43.28% | -5.29% | -37.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.41% | 2.47% | +8.94% |
Volatility
GXTG vs. NZAC - Volatility Comparison
Global X Thematic Growth ETF (GXTG) has a higher volatility of 10.44% compared to SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) at 4.03%. This indicates that GXTG'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
| GXTG | NZAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.44% | 4.03% | +6.41% |
Volatility (6M)Calculated over the trailing 6-month period | 23.38% | 11.51% | +11.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.44% | 13.73% | +15.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.38% | 16.95% | +11.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.92% | 17.04% | +12.88% |
GXTG vs. NZAC - Expense Ratio Comparison
GXTG has a 0.50% expense ratio, which is higher than NZAC's 0.12% expense ratio.
Dividends
GXTG vs. NZAC - Dividend Comparison
GXTG's dividend yield for the trailing twelve months is around 1.48%, less than NZAC's 2.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXTG Global X Thematic Growth ETF | 1.48% | 1.40% | 1.08% | 1.99% | 1.48% | 1.56% | 0.48% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% |
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF | 2.05% | 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
GXTG and NZAC have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GXTG has higher volatility (10.44%) compared to NZAC (4.03%). In terms of maximum drawdown, GXTG dropped -67.81% vs NZAC's -33.72%.
On 5-year performance, NZAC leads with 9.70% vs -11.97% for GXTG. On fees, NZAC is cheaper at 0.12% per year. On volatility, NZAC has been the lower-risk option at 4.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, NZAC has performed better with a 9.70% return vs -11.97%. 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 0.50% for GXTG.
NZAC has the higher dividend yield at 2.05%, compared with 1.48% for GXTG.
GXTG tracks Solactive Thematic Growth Index, while NZAC tracks MSCI ACWI Climate Paris Aligned Index. They also come from different issuers: Global X and State Street. Their fees differ too: 0.50% for GXTG and 0.12% for NZAC.
NZAC currently has the higher Sharpe Ratio (1.44 vs -0.13), 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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