NZAC vs. AVTM

Last updated Jun 3, 2026

NZAC (SPDR MSCI ACWI Climate Paris Aligned ETF) and AVTM (Avantis Total Equity Markets ETF) are both Global Equities funds. NZAC is passively managed, while AVTM is actively managed. With a 0.97 correlation, they move nearly in lockstep. NZAC charges 0.12%/yr vs 0.22%/yr for AVTM.

Performance

NZAC vs. AVTM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) and Avantis Total Equity Markets ETF (AVTM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NZAC

• 1D: 0.56%
• 1M: 4.72%
• YTD: 9.73%
• 6M: 10.87%
• 1Y: 26.10%
• 3Y*: 19.38%
• 5Y*: 10.26%
• 10Y*: 12.25%

AVTM

• 1D: 0.57%
• 1M: 5.39%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NZAC vs. AVTM - Yearly Performance Comparison

	2026 (YTD)
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF	8.20%
AVTM Avantis Total Equity Markets ETF	9.78%

Correlation

The correlation between NZAC and AVTM is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 3, 2026	0.97

NZAC vs. AVTM - Sectors Allocation Comparison

Sectors	NZAC	AVTM
Technology	34.3%	31.0%
Financial Services	13.1%	16.6%
Communication Services	8.5%	10.2%
Consumer Cyclical	8.2%	11.0%
Healthcare	7.8%	6.4%
Industrials	7.3%	11.9%
Real Estate	5.2%	0.2%
Basic Materials	1.9%	2.7%
Utilities	1.4%	1.8%
Energy	1.2%	4.2%
Consumer Defensive	1.0%	4.2%

Return for Risk

NZAC vs. AVTM — Risk / Return Rank

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

NZAC

NZAC Risk / Return Rank: 58
NZAC Sharpe Ratio Rank: 59
NZAC Sortino Ratio Rank: 60
NZAC Omega Ratio Rank: 58
NZAC Calmar Ratio Rank: 52
NZAC Martin Ratio Rank: 62

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.

NZAC vs. AVTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) and Avantis Total Equity Markets ETF (AVTM). 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.

	NZAC	AVTM	Difference
Sharpe ratio Return per unit of total volatility	2.03	—	—
Sortino ratio Return per unit of downside risk	2.85	—	—
Omega ratio Gain probability vs. loss probability	1.36	—	—
Calmar ratio Return relative to maximum drawdown	2.61	—	—
Martin ratio Return relative to average drawdown	11.35	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NZAC	AVTM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.03	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	2.07	-1.45

Drawdowns

NZAC vs. AVTM - Drawdown Comparison

The maximum NZAC drawdown since its inception was -33.72%, which is greater than AVTM's maximum drawdown of -9.21%. Use the drawdown chart below to compare losses from any high point for NZAC and AVTM.

Drawdown Indicators

	NZAC	AVTM	Difference
Max Drawdown Largest peak-to-trough decline	-33.72%	-9.21%	-24.51%
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 Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.32%	-2.10%	-3.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	—	—

Volatility

Volatility by Period

	NZAC	AVTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.66%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.91%	15.92%	-3.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.81%	15.92%	+0.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.14%	15.92%	+1.22%

NZAC vs. AVTM - Expense Ratio Comparison

NZAC has a 0.12% expense ratio, which is lower than AVTM's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

NZAC vs. AVTM - Dividend Comparison

NZAC's dividend yield for the trailing twelve months is around 2.02%, more than AVTM's 0.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVTM Avantis Total Equity Markets ETF	0.08%	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	2.02%	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 NZAC and AVTM in my portfolio?

With a correlation of 0.97, NZAC and AVTM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, NZAC or AVTM?

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.

Which ETF is cheaper, NZAC or AVTM?

NZAC is cheaper with a 0.12% expense ratio, compared with 0.22% for AVTM.

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

NZAC has the higher dividend yield at 2.02%, compared with 0.08% for AVTM.

What is the main difference between NZAC and AVTM?

They also come from different issuers: State Street and Avantis. Their fees differ too: 0.12% for NZAC and 0.22% for AVTM.