MOTG vs. NZAC

Last updated Jun 4, 2026

MOTG (VanEck Morningstar Global Wide Moat ETF) and NZAC (SPDR MSCI ACWI Climate Paris Aligned ETF) are both Global Equities funds - MOTG tracks the Morningstar Global Wide Moat Focus Index while NZAC tracks the MSCI ACWI Climate Paris Aligned Index. Both are passively managed. Over the past 5 years, MOTG returned 6.27%/yr vs 9.88%/yr for NZAC. Their correlation of 0.90 suggests significant overlap in exposure. MOTG charges 0.52%/yr vs 0.12%/yr for NZAC.

Performance

MOTG vs. NZAC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Morningstar Global Wide Moat ETF (MOTG) and SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MOTG achieves a -1.12% return, which is significantly lower than NZAC's 8.83% return.

MOTG

• 1D: -1.46%
• 1M: 0.44%
• YTD: -1.12%
• 6M: 0.57%
• 1Y: 9.30%
• 3Y*: 12.83%
• 5Y*: 6.27%
• 10Y*: —

NZAC

• 1D: -0.82%
• 1M: 4.49%
• YTD: 8.83%
• 6M: 9.51%
• 1Y: 24.74%
• 3Y*: 19.06%
• 5Y*: 9.88%
• 10Y*: 12.16%

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

MOTG vs. NZAC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MOTG VanEck Morningstar Global Wide Moat ETF	-1.12%	26.06%	9.31%	11.00%	-11.34%	14.68%	16.06%	30.43%	-3.89%
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF	8.83%	20.55%	16.67%	23.22%	-19.77%	18.35%	17.21%	28.24%	-6.02%

Correlation

The correlation between MOTG and NZAC is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Nov 1, 2018	0.90

The correlation between MOTG and NZAC has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.

MOTG vs. NZAC - Sectors Allocation Comparison

Sectors	MOTG	NZAC
Industrials	26.4%	7.3%
Consumer Defensive	17.3%	1.0%
Technology	17.1%	34.3%
Healthcare	13.9%	7.8%
Consumer Cyclical	10.3%	8.2%
Financial Services	7.3%	13.1%
Communication Services	6.7%	8.5%
Basic Materials	1.1%	1.9%
Energy	-	1.2%
Real Estate	-	5.2%
Utilities	-	1.4%

Return for Risk

MOTG vs. NZAC — Risk / Return Rank

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

MOTG

MOTG Risk / Return Rank: 20
MOTG Sharpe Ratio Rank: 20
MOTG Sortino Ratio Rank: 20
MOTG Omega Ratio Rank: 19
MOTG Calmar Ratio Rank: 18
MOTG Martin Ratio Rank: 21

NZAC

NZAC Risk / Return Rank: 56
NZAC Sharpe Ratio Rank: 56
NZAC Sortino Ratio Rank: 57
NZAC Omega Ratio Rank: 55
NZAC Calmar Ratio Rank: 49
NZAC Martin Ratio Rank: 60

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.

MOTG vs. NZAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Global Wide Moat ETF (MOTG) 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.

	MOTG	NZAC	Difference
Sharpe ratio: Return per unit of total volatility	0.67	1.92	-1.25
Sortino ratio: Return per unit of downside risk	1.05	2.71	-1.66
Omega ratio: Gain probability vs. loss probability	1.13	1.34	-0.21
Calmar ratio: Return relative to maximum drawdown	0.74	2.46	-1.72
Martin ratio: Return relative to average drawdown	2.52	10.68	-8.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MOTG vs. NZAC - Sharpe Ratio Comparison

The current MOTG Sharpe Ratio is 0.67, which is lower than the NZAC Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of MOTG and NZAC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MOTG	NZAC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.67	1.92	-1.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.59	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.61	+0.02

Drawdowns

MOTG vs. NZAC - Drawdown Comparison

The maximum MOTG drawdown since its inception was -31.82%, smaller than the maximum NZAC drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for MOTG and NZAC.

Drawdown Indicators

	MOTG	NZAC	Difference
Max Drawdown Largest peak-to-trough decline	-31.82%	-33.72%	+1.90%
Max Drawdown (1Y) Largest decline over 1 year	-12.56%	-10.10%	-2.46%
Max Drawdown (3Y) Largest decline over 3 years	-15.31%	-16.19%	+0.88%
Max Drawdown (5Y) Largest decline over 5 years	-24.29%	-28.31%	+4.02%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.72%	—
Current Drawdown Current decline from peak	-6.54%	-0.82%	-5.72%
Average Drawdown Average peak-to-trough decline	-4.95%	-5.32%	+0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.70%	2.32%	+1.38%

Volatility

MOTG vs. NZAC - Volatility Comparison

VanEck Morningstar Global Wide Moat ETF (MOTG) has a higher volatility of 4.58% compared to SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) at 3.72%. This indicates that MOTG'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.

Volatility by Period

	MOTG	NZAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.58%	3.72%	+0.86%
Volatility (6M) Calculated over the trailing 6-month period	11.23%	10.34%	+0.89%
Volatility (1Y) Calculated over the trailing 1-year period	13.85%	12.94%	+0.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.86%	16.81%	-0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.85%	17.14%	+0.71%

MOTG vs. NZAC - Expense Ratio Comparison

MOTG has a 0.52% expense ratio, which is higher than NZAC's 0.12% expense ratio.

Dividends

MOTG vs. NZAC - Dividend Comparison

MOTG's dividend yield for the trailing twelve months is around 17.95%, more than NZAC's 2.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MOTG VanEck Morningstar Global Wide Moat ETF	17.95%	17.75%	5.60%	1.86%	3.64%	5.88%	2.96%	3.91%	0.45%	0.00%	0.00%	0.00%
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF	2.04%	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

Can I hold both MOTG and NZAC in my portfolio?

MOTG and NZAC have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MOTG or NZAC?

MOTG has higher volatility (4.58%) compared to NZAC (3.72%). In terms of maximum drawdown, MOTG dropped -31.82% vs NZAC's -33.72%.

Which ETF is better, MOTG or NZAC?

On 5-year performance, NZAC leads with 9.88% vs 6.27% for MOTG. On fees, NZAC is cheaper at 0.12% per year. On volatility, NZAC has been the lower-risk option at 3.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MOTG or NZAC?

Over the 5-year period, NZAC has performed better with a 9.88% return vs 6.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MOTG or NZAC?

NZAC is cheaper with a 0.12% expense ratio, compared with 0.52% for MOTG.

Which ETF pays a higher dividend yield, MOTG or NZAC?

MOTG has the higher dividend yield at 17.95%, compared with 2.04% for NZAC.

What is the main difference between MOTG and NZAC?

MOTG tracks Morningstar Global Wide Moat Focus Index, while NZAC tracks MSCI ACWI Climate Paris Aligned Index. They also come from different issuers: VanEck and State Street. Their fees differ too: 0.52% for MOTG and 0.12% for NZAC.

Which has better risk-adjusted returns?

NZAC currently has the higher Sharpe Ratio (1.92 vs 0.67), 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.