NZAC vs. QWLD
Compare and contrast key facts about SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) and SPDR MSCI World StrategicFactors ETF (QWLD).
NZAC and QWLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. QWLD is a passively managed fund by State Street that tracks the performance of the MSCI World Factor Mix A-Series (USD). It was launched on Jun 4, 2014. Both NZAC and QWLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NZAC or QWLD.
Correlation
The correlation between NZAC and QWLD is 0.77, 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. QWLD - Performance Comparison
Key characteristics
NZAC:
1.62
QWLD:
1.74
NZAC:
2.22
QWLD:
2.43
NZAC:
1.29
QWLD:
1.31
NZAC:
2.67
QWLD:
3.04
NZAC:
11.07
QWLD:
10.68
NZAC:
1.87%
QWLD:
1.57%
NZAC:
12.75%
QWLD:
9.63%
NZAC:
-33.72%
QWLD:
-31.89%
NZAC:
-3.09%
QWLD:
-4.15%
Returns By Period
In the year-to-date period, NZAC achieves a 17.99% return, which is significantly higher than QWLD's 14.49% return. Over the past 10 years, NZAC has underperformed QWLD with an annualized return of 9.28%, while QWLD has yielded a comparatively higher 12.26% annualized return.
NZAC
17.99%
0.43%
6.82%
19.23%
10.20%
9.28%
QWLD
14.49%
-1.62%
3.97%
15.58%
9.80%
12.26%
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NZAC vs. QWLD - Expense Ratio Comparison
NZAC has a 0.12% expense ratio, which is lower than QWLD's 0.30% expense ratio.
Risk-Adjusted Performance
NZAC vs. QWLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) and SPDR MSCI World StrategicFactors ETF (QWLD). 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. QWLD - Dividend Comparison
NZAC's dividend yield for the trailing twelve months is around 1.86%, more than QWLD's 1.74% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|
SPDR MSCI ACWI Climate Paris Aligned ETF | 1.86% | 1.65% | 1.81% | 1.62% | 1.59% | 2.17% | 2.53% | 2.20% | 2.00% | 2.40% | 0.18% |
SPDR MSCI World StrategicFactors ETF | 1.74% | 1.78% | 2.02% | 1.77% | 1.77% | 2.13% | 2.33% | 2.73% | 2.22% | 3.42% | 1.02% |
Drawdowns
NZAC vs. QWLD - Drawdown Comparison
The maximum NZAC drawdown since its inception was -33.72%, which is greater than QWLD's maximum drawdown of -31.89%. Use the drawdown chart below to compare losses from any high point for NZAC and QWLD. For additional features, visit the drawdowns tool.
Volatility
NZAC vs. QWLD - Volatility Comparison
SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) has a higher volatility of 3.89% compared to SPDR MSCI World StrategicFactors ETF (QWLD) at 2.86%. This indicates that NZAC's price experiences larger fluctuations and is considered to be riskier than QWLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.