NZAC vs. VT
NZAC (SPDR MSCI ACWI Climate Paris Aligned ETF) and VT (Vanguard Total World Stock ETF) are both Global Equities funds - NZAC tracks the MSCI ACWI Climate Paris Aligned Index while VT tracks the FTSE Global All Cap Index. Both are passively managed. Over the past 10 years, NZAC returned 11.72%/yr vs 12.39%/yr for VT. Their correlation of 0.88 means they have usually moved in the same direction. NZAC charges 0.12%/yr vs 0.06%/yr for VT.
Performance
NZAC vs. VT - Performance Comparison
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Returns By Period
In the year-to-date period, NZAC achieves a 7.28% return, which is significantly lower than VT's 11.15% return. Over the past 10 years, NZAC has underperformed VT with an annualized return of 11.72%, while VT has yielded a comparatively higher 12.39% annualized return.
NZAC
- 1D
- 0.40%
- 1M
- 0.10%
- 6M
- 6.19%
- YTD
- 7.28%
- 1Y
- 18.88%
- 3Y*
- 16.58%
- 5Y*
- 9.32%
- 10Y*
- 11.72%
- ALL TIME*
- 10.06%
VT
- 1D
- 0.26%
- 1M
- -0.20%
- 6M
- 7.80%
- YTD
- 11.15%
- 1Y
- 23.51%
- 3Y*
- 18.19%
- 5Y*
- 10.58%
- 10Y*
- 12.39%
- ALL TIME*
- 8.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $201.08K | $143.38K | $203.83K | |
| $425.08M | $369.63M | $481.55M |
NZAC vs. VT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF | 7.28% | 20.55% | 16.67% | 23.22% | -19.77% | 18.35% | 17.21% | 28.24% | -9.80% | 22.93% |
VT Vanguard Total World Stock ETF | 11.15% | 22.43% | 16.49% | 22.02% | -18.00% | 18.27% | 16.59% | 26.81% | -9.76% | 24.50% |
Correlation
The correlation between NZAC and VT is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2014 | 0.88 |
The correlation between NZAC and VT has been stable across timeframes, ranging from 0.88 to 0.98 - a consistent structural relationship.
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Return for Risk
NZAC vs. VT — Risk / Return Rank
NZAC
VT
NZAC vs. VT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) and Vanguard Total World Stock ETF (VT). 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 | VT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.29 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 2.29 | -0.55 |
| Martin ratioReturn relative to average drawdown | 6.88 | 9.54 | -2.65 |
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Drawdowns
NZAC vs. VT - Drawdown Comparison
The maximum NZAC drawdown since its inception was -33.72%, smaller than the maximum VT drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for NZAC and VT.
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Drawdown Indicators
| NZAC | VT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.72% | -50.27% | +16.55% |
Max Drawdown (1Y)Largest decline over 1 year | -10.10% | -9.67% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -16.19% | -16.51% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -28.31% | -26.38% | -1.93% |
Max Drawdown (10Y)Largest decline over 10 years | -33.72% | -34.24% | +0.52% |
Current DrawdownCurrent decline from peak | -2.23% | -1.84% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -5.28% | -6.97% | +1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 2.32% | +0.23% |
Volatility
NZAC vs. VT - Volatility Comparison
SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) and Vanguard Total World Stock ETF (VT) have volatilities of 4.07% and 3.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NZAC | VT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 3.99% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 11.66% | 11.68% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.03% | 13.96% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.96% | 16.22% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.07% | 17.18% | -0.11% |
NZAC vs. VT - Expense Ratio Comparison
NZAC has a 0.12% expense ratio, which is higher than VT's 0.06% 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. VT - Dividend Comparison
NZAC's dividend yield for the trailing twelve months is around 2.07%, more than VT's 1.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF | 2.07% | 1.90% | 1.88% | 1.65% | 1.81% | 1.62% | 1.59% | 2.17% | 2.53% | 2.20% | 2.00% | 2.40% |
VT Vanguard Total World Stock ETF | 1.59% | 1.82% | 1.95% | 2.08% | 2.20% | 1.82% | 1.66% | 2.32% | 2.53% | 2.11% | 2.39% | 2.45% |
Frequently Asked Questions
With a correlation of 0.98, NZAC and VT 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.
NZAC has higher volatility (4.07%) compared to VT (3.99%). In terms of maximum drawdown, NZAC dropped -33.72% vs VT's -50.27%.
On 10-year performance, VT leads with 12.39% vs 11.72% for NZAC. On fees, VT is cheaper at 0.06% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VT has performed better with a 12.39% return vs 11.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VT is cheaper with a 0.06% expense ratio, compared with 0.12% for NZAC.
NZAC has the higher dividend yield at 2.07%, compared with 1.59% for VT.
NZAC tracks MSCI ACWI Climate Paris Aligned Index, while VT tracks FTSE Global All Cap Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.12% for NZAC and 0.06% for VT.
VT currently has the higher Sharpe Ratio (1.59 vs 1.25), 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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