Correlation
The correlation between NZAC and VOO is 0.83, 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.
NZAC vs. VOO
Compare and contrast key facts about SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) and Vanguard S&P 500 ETF (VOO).
NZAC and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both NZAC and VOO 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 VOO.
Performance
NZAC vs. VOO - Performance Comparison
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Key characteristics
NZAC:
0.73
VOO:
0.74
NZAC:
1.05
VOO:
1.04
NZAC:
1.15
VOO:
1.15
NZAC:
0.76
VOO:
0.68
NZAC:
3.24
VOO:
2.58
NZAC:
3.79%
VOO:
4.93%
NZAC:
18.81%
VOO:
19.54%
NZAC:
-33.72%
VOO:
-33.99%
NZAC:
-0.29%
VOO:
-3.55%
Returns By Period
In the year-to-date period, NZAC achieves a 4.68% return, which is significantly higher than VOO's 0.90% return. Over the past 10 years, NZAC has underperformed VOO with an annualized return of 9.14%, while VOO has yielded a comparatively higher 12.81% annualized return.
NZAC
4.68%
5.48%
1.81%
13.70%
12.02%
12.86%
9.14%
VOO
0.90%
5.53%
-1.46%
13.29%
14.31%
15.89%
12.81%
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NZAC vs. VOO - Expense Ratio Comparison
NZAC has a 0.12% expense ratio, which is higher than VOO's 0.03% 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. VOO — Risk-Adjusted Performance Rank
NZAC
VOO
NZAC vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) and Vanguard S&P 500 ETF (VOO). 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.
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Dividends
NZAC vs. VOO - Dividend Comparison
NZAC's dividend yield for the trailing twelve months is around 1.79%, more than VOO's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF | 1.79% | 1.88% | 1.65% | 1.81% | 1.62% | 1.59% | 2.17% | 2.53% | 2.20% | 2.00% | 2.40% | 0.18% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
NZAC vs. VOO - Drawdown Comparison
The maximum NZAC drawdown since its inception was -33.72%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for NZAC and VOO.
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Volatility
NZAC vs. VOO - Volatility Comparison
The current volatility for SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) is 3.74%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.84%. This indicates that NZAC experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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