IDV vs. NZAC

Last updated Apr 2, 2026

Compare and contrast key facts about iShares International Select Dividend ETF (IDV) and SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC).

IDV and NZAC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IDV is a passively managed fund by iShares that tracks the performance of the Dow Jones EPAC Select Dividend. It was launched on Jun 11, 2007. 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. Both IDV and NZAC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IDV vs. NZAC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares International Select Dividend ETF (IDV) and SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC). The values are adjusted to include any dividend payments, if applicable.

IDV vs. NZAC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IDV iShares International Select Dividend ETF	8.60%	52.16%	4.00%	10.32%	-6.40%	12.00%	-5.94%	23.56%	-10.37%	19.74%
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF	-4.15%	20.55%	16.67%	23.22%	-19.77%	18.35%	17.21%	28.24%	-9.80%	22.93%

Returns By Period

In the year-to-date period, IDV achieves a 8.60% return, which is significantly higher than NZAC's -4.15% return. Over the past 10 years, IDV has underperformed NZAC with an annualized return of 10.20%, while NZAC has yielded a comparatively higher 10.95% annualized return.

IDV

• 1D: 0.19%
• 1M: -2.98%
• YTD: 8.60%
• 6M: 18.79%
• 1Y: 44.44%
• 3Y*: 22.95%
• 5Y*: 12.75%
• 10Y*: 10.20%

NZAC

• 1D: 1.14%
• 1M: -4.38%
• YTD: -4.15%
• 6M: -2.11%
• 1Y: 18.02%
• 3Y*: 15.48%
• 5Y*: 8.30%
• 10Y*: 10.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IDV vs. NZAC - Expense Ratio Comparison

IDV has a 0.49% expense ratio, which is higher than NZAC's 0.12% expense ratio.

IDV

iShares International Select Dividend ETF

NZAC

SPDR MSCI ACWI Climate Paris Aligned ETF

Return for Risk

IDV vs. NZAC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IDV

IDV Risk / Return Rank: 96
IDV Sharpe Ratio Rank: 97
IDV Sortino Ratio Rank: 97
IDV Omega Ratio Rank: 97
IDV Calmar Ratio Rank: 95
IDV Martin Ratio Rank: 96

NZAC

NZAC Risk / Return Rank: 60
NZAC Sharpe Ratio Rank: 54
NZAC Sortino Ratio Rank: 59
NZAC Omega Ratio Rank: 58
NZAC Calmar Ratio Rank: 63
NZAC Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IDV vs. NZAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares International Select Dividend ETF (IDV) 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.

	IDV	NZAC	Difference
Sharpe ratio Return per unit of total volatility	2.86	1.01	+1.85
Sortino ratio Return per unit of downside risk	3.56	1.57	+1.98
Omega ratio Gain probability vs. loss probability	1.58	1.23	+0.36
Calmar ratio Return relative to maximum drawdown	4.18	1.71	+2.47
Martin ratio Return relative to average drawdown	18.52	7.14	+11.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IDV vs. NZAC - Sharpe Ratio Comparison

The current IDV Sharpe Ratio is 2.86, which is higher than the NZAC Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of IDV and NZAC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IDV	NZAC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.86	1.01	+1.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	0.50	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.64	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.55	-0.34

Correlation

The correlation between IDV and NZAC is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IDV vs. NZAC - Dividend Comparison

IDV's dividend yield for the trailing twelve months is around 4.60%, more than NZAC's 1.98% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDV iShares International Select Dividend ETF	4.60%	4.94%	6.46%	6.51%	7.33%	5.78%	5.47%	5.15%	5.93%	4.52%	4.69%	5.08%
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF	1.98%	1.90%	1.88%	1.65%	1.81%	1.62%	1.59%	2.17%	2.53%	2.20%	2.00%	2.40%

Drawdowns

IDV vs. NZAC - Drawdown Comparison

The maximum IDV drawdown since its inception was -70.14%, which is greater than NZAC's maximum drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for IDV and NZAC.

Drawdown Indicators

	IDV	NZAC	Difference
Max Drawdown Largest peak-to-trough decline	-70.14%	-33.72%	-36.42%
Max Drawdown (1Y) Largest decline over 1 year	-10.76%	-10.85%	+0.09%
Max Drawdown (5Y) Largest decline over 5 years	-29.19%	-28.31%	-0.88%
Max Drawdown (10Y) Largest decline over 10 years	-42.50%	-33.72%	-8.78%
Current Drawdown Current decline from peak	-4.37%	-6.21%	+1.84%
Average Drawdown Average peak-to-trough decline	-15.53%	-5.39%	-10.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.43%	2.60%	-0.17%

Volatility

IDV vs. NZAC - Volatility Comparison

iShares International Select Dividend ETF (IDV) and SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) have volatilities of 5.99% and 6.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDV	NZAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.99%	6.20%	-0.21%
Volatility (6M) Calculated over the trailing 6-month period	9.93%	10.12%	-0.19%
Volatility (1Y) Calculated over the trailing 1-year period	15.61%	17.94%	-2.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.48%	16.73%	-1.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.96%	17.09%	+0.87%