NZUS vs. PWB
Compare and contrast key facts about SPDR MSCI USA Climate Paris Aligned ETF (NZUS) and Invesco Dynamic Large Cap Growth ETF (PWB).
NZUS and PWB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NZUS is a passively managed fund by State Street that tracks the performance of the MSCI USA Climate Paris Aligned Index. It was launched on Apr 21, 2022. PWB is a passively managed fund by Invesco that tracks the performance of the Dynamic Large Cap Growth Intellidex Index. It was launched on Mar 3, 2005. Both NZUS and PWB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
NZUS vs. PWB - Performance Comparison
Loading graphics...
NZUS vs. PWB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NZUS SPDR MSCI USA Climate Paris Aligned ETF | -8.31% | 13.95% | 24.34% | 29.16% | -14.34% |
PWB Invesco Dynamic Large Cap Growth ETF | -0.93% | 24.94% | 31.04% | 30.61% | -12.36% |
Returns By Period
In the year-to-date period, NZUS achieves a -8.31% return, which is significantly lower than PWB's -0.93% return.
NZUS
- 1D
- 3.30%
- 1M
- -4.09%
- YTD
- -8.31%
- 6M
- -6.15%
- 1Y
- 12.87%
- 3Y*
- 15.43%
- 5Y*
- —
- 10Y*
- —
PWB
- 1D
- 3.98%
- 1M
- -7.08%
- YTD
- -0.93%
- 6M
- 0.41%
- 1Y
- 31.12%
- 3Y*
- 24.82%
- 5Y*
- 12.92%
- 10Y*
- 15.44%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
NZUS vs. PWB - Expense Ratio Comparison
NZUS has a 0.10% expense ratio, which is lower than PWB's 0.56% expense ratio.
Return for Risk
NZUS vs. PWB — Risk / Return Rank
NZUS
PWB
NZUS vs. PWB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI USA Climate Paris Aligned ETF (NZUS) and Invesco Dynamic Large Cap Growth ETF (PWB). 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.
| NZUS | PWB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.66 | 1.35 | -0.69 |
Sortino ratioReturn per unit of downside risk | 1.10 | 1.92 | -0.83 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.27 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.09 | 2.59 | -1.50 |
Martin ratioReturn relative to average drawdown | 3.76 | 10.04 | -6.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| NZUS | PWB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 1.35 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.62 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.55 | -0.03 |
Correlation
The correlation between NZUS and PWB is 0.91, 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.
Dividends
NZUS vs. PWB - Dividend Comparison
NZUS's dividend yield for the trailing twelve months is around 0.98%, while PWB has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NZUS SPDR MSCI USA Climate Paris Aligned ETF | 0.98% | 0.89% | 5.49% | 1.07% | 1.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PWB Invesco Dynamic Large Cap Growth ETF | 0.00% | 0.00% | 0.08% | 0.37% | 0.31% | 0.04% | 0.21% | 0.58% | 0.97% | 0.54% | 0.82% | 0.67% |
Drawdowns
NZUS vs. PWB - Drawdown Comparison
The maximum NZUS drawdown since its inception was -20.99%, smaller than the maximum PWB drawdown of -52.58%. Use the drawdown chart below to compare losses from any high point for NZUS and PWB.
Loading graphics...
Drawdown Indicators
| NZUS | PWB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.99% | -52.58% | +31.59% |
Max Drawdown (1Y)Largest decline over 1 year | -12.44% | -12.11% | -0.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.41% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.36% | — |
Current DrawdownCurrent decline from peak | -9.54% | -8.61% | -0.93% |
Average DrawdownAverage peak-to-trough decline | -4.93% | -8.29% | +3.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 3.12% | +0.47% |
Volatility
NZUS vs. PWB - Volatility Comparison
The current volatility for SPDR MSCI USA Climate Paris Aligned ETF (NZUS) is 5.76%, while Invesco Dynamic Large Cap Growth ETF (PWB) has a volatility of 7.98%. This indicates that NZUS experiences smaller price fluctuations and is considered to be less risky than PWB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| NZUS | PWB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.76% | 7.98% | -2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 10.42% | 15.16% | -4.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.57% | 23.23% | -3.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.78% | 20.96% | -2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 20.58% | -1.80% |