NZAC vs. IDV
NZAC (SPDR MSCI ACWI Climate Paris Aligned ETF) and IDV (iShares International Select Dividend ETF) are both Global Equities funds - NZAC tracks the MSCI ACWI Climate Paris Aligned Index while IDV tracks the Dow Jones EPAC Select Dividend. Both are passively managed. Over the past 10 years, NZAC returned 12.17%/yr vs 10.63%/yr for IDV. A 0.69 correlation means they provide meaningful diversification when combined. NZAC charges 0.12%/yr vs 0.49%/yr for IDV.
Performance
NZAC vs. IDV - Performance Comparison
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Returns By Period
In the year-to-date period, NZAC achieves a 6.02% return, which is significantly lower than IDV's 9.00% return. Over the past 10 years, NZAC has outperformed IDV with an annualized return of 12.17%, while IDV has yielded a comparatively lower 10.63% annualized return.
NZAC
- 1D
- -1.70%
- 1M
- -1.26%
- YTD
- 6.02%
- 6M
- 5.37%
- 1Y
- 20.66%
- 3Y*
- 17.81%
- 5Y*
- 9.25%
- 10Y*
- 12.17%
IDV
- 1D
- -1.21%
- 1M
- -4.79%
- YTD
- 9.00%
- 6M
- 9.11%
- 1Y
- 30.43%
- 3Y*
- 24.49%
- 5Y*
- 11.78%
- 10Y*
- 10.63%
NZAC vs. IDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF | 6.02% | 20.55% | 16.67% | 23.22% | -19.77% | 18.35% | 17.21% | 28.24% | -9.80% | 22.93% |
IDV iShares International Select Dividend ETF | 9.00% | 52.16% | 4.00% | 10.32% | -6.40% | 12.00% | -5.94% | 23.56% | -10.37% | 19.74% |
Correlation
The correlation between NZAC and IDV is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2014 | 0.69 |
The correlation between NZAC and IDV has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.
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Return for Risk
NZAC vs. IDV — Risk / Return Rank
NZAC
IDV
NZAC vs. IDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) and iShares International Select Dividend ETF (IDV). 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.
| NZAC | IDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.42 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 3.59 | -1.54 |
| Martin ratioReturn relative to average drawdown | 8.63 | 12.85 | -4.22 |
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Drawdowns
NZAC vs. IDV - Drawdown Comparison
The maximum NZAC drawdown since its inception was -33.72%, smaller than the maximum IDV drawdown of -70.14%. Use the drawdown chart below to compare losses from any high point for NZAC and IDV.
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Drawdown Indicators
| NZAC | IDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.72% | -70.14% | +36.42% |
Max Drawdown (1Y)Largest decline over 1 year | -10.10% | -8.52% | -1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -16.19% | -11.86% | -4.33% |
Max Drawdown (5Y)Largest decline over 5 years | -28.31% | -29.19% | +0.88% |
Max Drawdown (10Y)Largest decline over 10 years | -33.72% | -42.50% | +8.78% |
Current DrawdownCurrent decline from peak | -3.38% | -5.67% | +2.29% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -15.36% | +10.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 2.37% | +0.03% |
Volatility
NZAC vs. IDV - Volatility Comparison
SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) has a higher volatility of 5.41% compared to iShares International Select Dividend ETF (IDV) at 3.96%. This indicates that NZAC's price experiences larger fluctuations and is considered to be riskier than IDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NZAC | IDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 3.96% | +1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 11.34% | 11.11% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.73% | 13.18% | +0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.94% | 15.59% | +1.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.13% | 17.70% | -0.57% |
NZAC vs. IDV - Expense Ratio Comparison
NZAC has a 0.12% expense ratio, which is lower than IDV's 0.49% expense ratio.
Dividends
NZAC vs. IDV - Dividend Comparison
NZAC's dividend yield for the trailing twelve months is around 2.09%, less than IDV's 5.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDV iShares International Select Dividend ETF | 5.45% | 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 | 2.09% | 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
NZAC and IDV have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NZAC has higher volatility (5.41%) compared to IDV (3.96%). In terms of maximum drawdown, NZAC dropped -33.72% vs IDV's -70.14%.
On 10-year performance, NZAC leads with 12.17% vs 10.63% for IDV. On fees, NZAC is cheaper at 0.12% per year. On volatility, IDV has been the lower-risk option at 3.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, NZAC has performed better with a 12.17% return vs 10.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NZAC is cheaper with a 0.12% expense ratio, compared with 0.49% for IDV.
IDV has the higher dividend yield at 5.45%, compared with 2.09% for NZAC.
NZAC tracks MSCI ACWI Climate Paris Aligned Index, while IDV tracks Dow Jones EPAC Select Dividend. They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for NZAC and 0.49% for IDV.
IDV currently has the higher Sharpe Ratio (2.32 vs 1.52), 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.
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