NZAC vs. FXAIX
Compare and contrast key facts about SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) and Fidelity 500 Index Fund (FXAIX).
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. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NZAC or FXAIX.
Key characteristics
| NZAC | FXAIX | |
|---|---|---|
| YTD Return | 8.64% | 11.87% |
| 1Y Return | 22.94% | 31.17% |
| 3Y Return (Ann) | 5.21% | 10.05% |
| 5Y Return (Ann) | 11.09% | 15.09% |
| Sharpe Ratio | 1.81 | 2.61 |
| Daily Std Dev | 12.35% | 11.62% |
| Max Drawdown | -33.72% | -33.79% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between NZAC and FXAIX is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
NZAC vs. FXAIX - Performance Comparison
In the year-to-date period, NZAC achieves a 8.64% return, which is significantly lower than FXAIX's 11.87% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NZAC vs. FXAIX - Expense Ratio Comparison
NZAC has a 0.12% expense ratio, which is higher than FXAIX's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
NZAC vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) and Fidelity 500 Index Fund (FXAIX). 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.
Dividends
NZAC vs. FXAIX - Dividend Comparison
NZAC's dividend yield for the trailing twelve months is around 1.52%, more than FXAIX's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF | 1.52% | 1.65% | 1.81% | 1.62% | 1.59% | 2.17% | 2.53% | 2.20% | 2.00% | 2.40% | 0.18% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.31% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
NZAC vs. FXAIX - Drawdown Comparison
The maximum NZAC drawdown since its inception was -33.72%, roughly equal to the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for NZAC and FXAIX. For additional features, visit the drawdowns tool.
Volatility
NZAC vs. FXAIX - Volatility Comparison
SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) and Fidelity 500 Index Fund (FXAIX) have volatilities of 3.52% and 3.48%, 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.