OPPG vs. NZAC

Last updated Aug 5, 2026

OPPG (WisdomTree GeoAlpha Opportunities Fund) and NZAC (SPDR MSCI ACWI Climate Paris Aligned ETF) are both Global Equities funds - OPPG tracks the WisdomTree GeoAlpha Opportunities Index while NZAC tracks the MSCI ACWI Climate Paris Aligned Index. Both are passively managed. Their 0.58 correlation means they have sometimes moved together and sometimes differently. OPPG charges 0.58%/yr vs 0.12%/yr for NZAC.

Performance

OPPG vs. NZAC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree GeoAlpha Opportunities Fund (OPPG) and SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

OPPG

• 1D: 1.90%
• 1M: 2.90%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

NZAC

• 1D: 1.92%
• 1M: 3.13%
• 6M: 10.13%
• YTD: 10.53%
• 1Y: 20.64%
• 3Y*: 18.61%
• 5Y*: 9.74%
• 10Y*: 11.95%
• ALL TIME*: 10.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF	$222.08K	$162.23K	$205.77K
OPPG WisdomTree GeoAlpha Opportunities Fund	$169.47K	$79.83K	$79.83K

OPPG vs. NZAC - Yearly Performance Comparison

	2026 (YTD)
OPPG WisdomTree GeoAlpha Opportunities Fund	2.90%
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF	3.13%

Correlation

The correlation between OPPG and NZAC is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 6, 2026	0.58

Return for Risk

OPPG vs. NZAC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

OPPG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

NZAC

NZAC Risk / Return Rank: 54
NZAC Sharpe Ratio Rank: 53
NZAC Sortino Ratio Rank: 52
NZAC Omega Ratio Rank: 51
NZAC Calmar Ratio Rank: 51
NZAC Martin Ratio Rank: 60

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

OPPG vs. NZAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree GeoAlpha Opportunities Fund (OPPG) and SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC). 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.

	OPPG	NZAC	Difference
Sharpe ratio: Return per unit of total volatility	—	1.48	—
Sortino ratio: Return per unit of downside risk	—	2.09	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	2.05	—
Martin ratio: Return relative to average drawdown	—	8.11	—

Drawdowns

OPPG vs. NZAC - Drawdown Comparison

The maximum OPPG drawdown since its inception was -3.61%, smaller than the maximum NZAC drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for OPPG and NZAC.

Drawdown Indicators

	OPPG	NZAC	Difference
Max Drawdown Largest peak-to-trough decline	-3.61%	-33.72%	+30.11%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.10%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.19%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.31%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.72%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.19%	-5.28%	+4.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.55%	—

Volatility

Volatility by Period

	OPPG	NZAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.48%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.81%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.94%	14.13%	+0.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.94%	16.99%	-2.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.94%	17.09%	-2.15%

OPPG vs. NZAC - Expense Ratio Comparison

OPPG has a 0.58% expense ratio, which is higher than NZAC's 0.12% expense ratio.

Dividends

OPPG vs. NZAC - Dividend Comparison

OPPG has not paid dividends to shareholders, while NZAC's dividend yield for the trailing twelve months is around 2.01%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF	2.01%	1.90%	1.88%	1.65%	1.81%	1.62%	1.59%	2.17%	2.53%	2.20%	2.00%	2.40%
OPPG WisdomTree GeoAlpha Opportunities Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OPPG and NZAC in my portfolio?

OPPG and NZAC have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OPPG or NZAC?

On fees, NZAC is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OPPG or NZAC?

NZAC is cheaper with a 0.12% expense ratio, compared with 0.58% for OPPG.

Which ETF pays a higher dividend yield, OPPG or NZAC?

NZAC has the higher dividend yield at 2.01%, compared with 0.00% for OPPG.

What is the main difference between OPPG and NZAC?

OPPG tracks WisdomTree GeoAlpha Opportunities Index, while NZAC tracks MSCI ACWI Climate Paris Aligned Index. They also come from different issuers: WisdomTree and State Street. Their fees differ too: 0.58% for OPPG and 0.12% for NZAC.