MNVT vs. NZAC
MNVT (Moonvest ETF) and NZAC (SPDR MSCI ACWI Climate Paris Aligned ETF) are both Global Equities funds. MNVT is actively managed, while NZAC is passively managed. A 0.75 correlation means they provide meaningful diversification when combined. MNVT charges 0.75%/yr vs 0.12%/yr for NZAC.
Performance
MNVT vs. NZAC - Performance Comparison
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Returns By Period
MNVT
- 1D
- -2.85%
- 1M
- -6.54%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
NZAC
- 1D
- 0.14%
- 1M
- 0.14%
- 6M
- 4.77%
- YTD
- 5.70%
- 1Y
- 13.86%
- 3Y*
- 15.79%
- 5Y*
- 8.88%
- 10Y*
- 11.58%
- ALL TIME*
- 9.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
MNVT Moonvest ETF | $653.57K | $816.73K | $1.17M |
| $140.07K | $130.86K | $205.89K |
MNVT vs. NZAC - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MNVT Moonvest ETF | 6.40% |
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF | 8.45% |
Correlation
The correlation between MNVT and NZAC is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 18, 2026 | 0.75 |
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Return for Risk
MNVT vs. NZAC — Risk / Return Rank
MNVT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NZAC
MNVT vs. NZAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Moonvest ETF (MNVT) 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.
| MNVT | NZAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.18 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.40 | — |
| Martin ratioReturn relative to average drawdown | — | 5.60 | — |
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Drawdowns
MNVT vs. NZAC - Drawdown Comparison
The maximum MNVT drawdown since its inception was -23.74%, smaller than the maximum NZAC drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for MNVT and NZAC.
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Drawdown Indicators
| MNVT | NZAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.74% | -33.72% | +9.98% |
Max Drawdown (1Y)Largest decline over 1 year | — | -10.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.19% | — |
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 | -23.74% | -3.67% | -20.07% |
Average DrawdownAverage peak-to-trough decline | -8.51% | -5.29% | -3.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.52% | — |
Volatility
MNVT vs. NZAC - Volatility Comparison
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Volatility by Period
| MNVT | NZAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.43% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.41% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 45.29% | 13.82% | +31.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.29% | 16.93% | +28.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.29% | 17.05% | +28.24% |
MNVT vs. NZAC - Expense Ratio Comparison
MNVT has a 0.75% expense ratio, which is higher than NZAC's 0.12% expense ratio.
Dividends
MNVT vs. NZAC - Dividend Comparison
MNVT has not paid dividends to shareholders, while NZAC's dividend yield for the trailing twelve months is around 2.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNVT Moonvest ETF | 0.00% | 0.00% | 0.00% | 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 | 2.10% | 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
MNVT and NZAC have a correlation of 0.75, 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 0.75% for MNVT.
NZAC has the higher dividend yield at 2.10%, compared with 0.00% for MNVT.
They also come from different issuers: Moonvest and State Street. Their fees differ too: 0.75% for MNVT and 0.12% for NZAC.
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