NZAC vs. QWLD
NZAC (SPDR MSCI ACWI Climate Paris Aligned ETF) and QWLD (SPDR MSCI World StrategicFactors ETF) are both exchange-traded funds - NZAC is a Global Equities fund tracking the MSCI ACWI Climate Paris Aligned Index, while QWLD is a Large Cap Growth Equities fund tracking the MSCI World Factor Mix A-Series (USD). Both are passively managed. Over the past 10 years, NZAC returned 12.17%/yr vs 11.74%/yr for QWLD. A 0.78 correlation means they provide meaningful diversification when combined. NZAC charges 0.12%/yr vs 0.30%/yr for QWLD.
Performance
NZAC vs. QWLD - Performance Comparison
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Returns By Period
In the year-to-date period, NZAC achieves a 6.02% return, which is significantly higher than QWLD's 5.45% return. Both investments have delivered pretty close results over the past 10 years, with NZAC having a 12.17% annualized return and QWLD not far behind at 11.74%.
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%
QWLD
- 1D
- -0.53%
- 1M
- -1.39%
- YTD
- 5.45%
- 6M
- 5.01%
- 1Y
- 15.86%
- 3Y*
- 15.71%
- 5Y*
- 9.75%
- 10Y*
- 11.74%
NZAC vs. QWLD - 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% |
QWLD SPDR MSCI World StrategicFactors ETF | 5.45% | 17.93% | 14.44% | 19.59% | -13.30% | 21.57% | 10.24% | 27.59% | -7.02% | 22.44% |
Correlation
The correlation between NZAC and QWLD is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2014 | 0.78 |
The correlation between NZAC and QWLD shifts across timeframes, from 0.78 (all time) to 0.91 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
NZAC vs. QWLD — Risk / Return Rank
NZAC
QWLD
NZAC vs. QWLD - Risk-Adjusted Trends 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.
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 | QWLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.29 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 2.08 | -0.03 |
| Martin ratioReturn relative to average drawdown | 8.63 | 8.96 | -0.33 |
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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.
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Drawdown Indicators
| NZAC | QWLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.72% | -31.89% | -1.83% |
Max Drawdown (1Y)Largest decline over 1 year | -10.10% | -7.66% | -2.44% |
Max Drawdown (3Y)Largest decline over 3 years | -16.19% | -12.40% | -3.79% |
Max Drawdown (5Y)Largest decline over 5 years | -28.31% | -22.84% | -5.47% |
Max Drawdown (10Y)Largest decline over 10 years | -33.72% | -31.89% | -1.83% |
Current DrawdownCurrent decline from peak | -3.38% | -1.77% | -1.61% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -3.69% | -1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 1.77% | +0.63% |
Volatility
NZAC vs. QWLD - Volatility Comparison
SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) has a higher volatility of 5.41% compared to SPDR MSCI World StrategicFactors ETF (QWLD) at 2.82%. 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.
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Volatility by Period
| NZAC | QWLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 2.82% | +2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 11.34% | 7.82% | +3.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.73% | 9.84% | +3.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.94% | 13.54% | +3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.13% | 15.18% | +1.95% |
NZAC vs. QWLD - Expense Ratio Comparison
NZAC has a 0.12% expense ratio, which is lower than QWLD's 0.30% expense ratio.
Dividends
NZAC vs. QWLD - Dividend Comparison
NZAC's dividend yield for the trailing twelve months is around 2.09%, more than QWLD's 1.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
QWLD SPDR MSCI World StrategicFactors ETF | 1.85% | 1.85% | 1.74% | 1.78% | 2.02% | 1.77% | 1.77% | 2.13% | 2.33% | 2.73% | 2.22% | 3.42% |
Frequently Asked Questions
NZAC and QWLD have a correlation of 0.84, 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 QWLD (2.82%). In terms of maximum drawdown, NZAC dropped -33.72% vs QWLD's -31.89%.
On 10-year performance, NZAC leads with 12.17% vs 11.74% for QWLD. On fees, NZAC is cheaper at 0.12% per year. On volatility, QWLD has been the lower-risk option at 2.82%. 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 11.74%. 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 0.30% for QWLD.
NZAC has the higher dividend yield at 2.09%, compared with 1.85% for QWLD.
NZAC is categorized as Global Equities, while QWLD is Large Cap Growth Equities. NZAC tracks MSCI ACWI Climate Paris Aligned Index, while QWLD tracks MSCI World Factor Mix A-Series (USD). Their fees differ too: 0.12% for NZAC and 0.30% for QWLD.
QWLD currently has the higher Sharpe Ratio (1.62 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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