NZAC vs. SPYG
NZAC (SPDR MSCI ACWI Climate Paris Aligned ETF) and SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) are both exchange-traded funds - NZAC is a Global Equities fund tracking the MSCI ACWI Climate Paris Aligned Index, while SPYG is a S&P 500 fund tracking the S&P 500 Growth Index. Both are passively managed. Over the past 10 years, NZAC returned 12.17%/yr vs 18.05%/yr for SPYG. Their correlation of 0.80 suggests significant overlap in exposure. NZAC charges 0.12%/yr vs 0.04%/yr for SPYG.
Performance
NZAC vs. SPYG - 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 SPYG's 8.70% return. Over the past 10 years, NZAC has underperformed SPYG with an annualized return of 12.17%, while SPYG has yielded a comparatively higher 18.05% 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%
SPYG
- 1D
- -2.40%
- 1M
- -2.07%
- YTD
- 8.70%
- 6M
- 7.46%
- 1Y
- 26.87%
- 3Y*
- 25.48%
- 5Y*
- 14.11%
- 10Y*
- 18.05%
NZAC vs. SPYG - 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% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 8.70% | 22.09% | 35.99% | 30.02% | -29.41% | 32.01% | 33.46% | 30.84% | -0.12% | 27.24% |
Correlation
The correlation between NZAC and SPYG is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2014 | 0.80 |
The correlation between NZAC and SPYG shifts across timeframes, from 0.80 (all time) to 0.91 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NZAC vs. SPYG — Risk / Return Rank
NZAC
SPYG
NZAC vs. SPYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). 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 | SPYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.28 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 1.96 | +0.09 |
| Martin ratioReturn relative to average drawdown | 8.63 | 7.79 | +0.84 |
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Drawdowns
NZAC vs. SPYG - Drawdown Comparison
The maximum NZAC drawdown since its inception was -33.72%, smaller than the maximum SPYG drawdown of -67.63%. Use the drawdown chart below to compare losses from any high point for NZAC and SPYG.
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Drawdown Indicators
| NZAC | SPYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.72% | -67.63% | +33.91% |
Max Drawdown (1Y)Largest decline over 1 year | -10.10% | -13.76% | +3.66% |
Max Drawdown (3Y)Largest decline over 3 years | -16.19% | -22.14% | +5.95% |
Max Drawdown (5Y)Largest decline over 5 years | -28.31% | -32.67% | +4.36% |
Max Drawdown (10Y)Largest decline over 10 years | -33.72% | -32.67% | -1.05% |
Current DrawdownCurrent decline from peak | -3.38% | -5.52% | +2.14% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -24.28% | +18.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 3.46% | -1.06% |
Volatility
NZAC vs. SPYG - Volatility Comparison
The current volatility for SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) is 5.41%, while State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 7.26%. This indicates that NZAC experiences smaller price fluctuations and is considered to be less risky than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NZAC | SPYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 7.26% | -1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 11.34% | 13.90% | -2.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.73% | 17.26% | -3.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.94% | 21.36% | -4.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.13% | 20.73% | -3.60% |
NZAC vs. SPYG - Expense Ratio Comparison
NZAC has a 0.12% expense ratio, which is higher than SPYG's 0.04% 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%.
Dividends
NZAC vs. SPYG - Dividend Comparison
NZAC's dividend yield for the trailing twelve months is around 2.09%, more than SPYG's 0.50% 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% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 0.50% | 0.52% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% |
Frequently Asked Questions
With a correlation of 0.91, NZAC and SPYG 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.
SPYG has higher volatility (7.26%) compared to NZAC (5.41%). In terms of maximum drawdown, NZAC dropped -33.72% vs SPYG's -67.63%.
On 10-year performance, SPYG leads with 18.05% vs 12.17% for NZAC. On fees, SPYG is cheaper at 0.04% per year. On volatility, NZAC has been the lower-risk option at 5.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SPYG has performed better with a 18.05% return vs 12.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPYG is cheaper with a 0.04% expense ratio, compared with 0.12% for NZAC.
NZAC has the higher dividend yield at 2.09%, compared with 0.50% for SPYG.
NZAC is categorized as Global Equities, while SPYG is S&P 500. NZAC tracks MSCI ACWI Climate Paris Aligned Index, while SPYG tracks S&P 500 Growth Index. Their fees differ too: 0.12% for NZAC and 0.04% for SPYG.
SPYG currently has the higher Sharpe Ratio (1.57 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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