VXUS vs. NZAC
VXUS (Vanguard Total International Stock ETF) and NZAC (SPDR MSCI ACWI Climate Paris Aligned ETF) are both Global Equities funds - VXUS tracks the FTSE Global All Cap ex US Index while NZAC tracks the MSCI ACWI Climate Paris Aligned Index. Both are passively managed. Over the past 10 years, VXUS returned 9.59%/yr vs 11.95%/yr for NZAC. Their correlation of 0.81 means they have usually moved in the same direction. VXUS charges 0.05%/yr vs 0.12%/yr for NZAC.
Performance
VXUS vs. NZAC - Performance Comparison
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Returns By Period
In the year-to-date period, VXUS achieves a 15.23% return, which is significantly higher than NZAC's 10.53% return. Over the past 10 years, VXUS has underperformed NZAC with an annualized return of 9.59%, while NZAC has yielded a comparatively higher 11.95% annualized return.
VXUS
- 1D
- 1.68%
- 1M
- 1.90%
- 6M
- 8.24%
- YTD
- 15.23%
- 1Y
- 28.78%
- 3Y*
- 18.80%
- 5Y*
- 8.98%
- 10Y*
- 9.59%
- ALL TIME*
- 6.70%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $222.08K | $162.23K | $205.77K | |
| $377.93M | $404.12M | $507.23M |
VXUS vs. NZAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VXUS Vanguard Total International Stock ETF | 15.23% | 32.35% | 5.08% | 15.86% | -16.08% | 8.98% | 10.66% | 21.75% | -14.43% | 27.46% |
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF | 10.53% | 20.55% | 16.67% | 23.22% | -19.77% | 18.35% | 17.21% | 28.24% | -9.80% | 22.93% |
Correlation
The correlation between VXUS and NZAC is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2014 | 0.81 |
The correlation between VXUS and NZAC has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.
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Return for Risk
VXUS vs. NZAC — Risk / Return Rank
VXUS
NZAC
VXUS vs. NZAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Stock ETF (VXUS) 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.
| VXUS | NZAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.26 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 2.05 | +0.51 |
| Martin ratioReturn relative to average drawdown | 9.40 | 8.11 | +1.28 |
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Drawdowns
VXUS vs. NZAC - Drawdown Comparison
The maximum VXUS drawdown since its inception was -35.97%, which is greater than NZAC's maximum drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for VXUS and NZAC.
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Drawdown Indicators
| VXUS | NZAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.97% | -33.72% | -2.25% |
Max Drawdown (1Y)Largest decline over 1 year | -11.27% | -10.10% | -1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -13.58% | -16.19% | +2.61% |
Max Drawdown (5Y)Largest decline over 5 years | -29.44% | -28.31% | -1.13% |
Max Drawdown (10Y)Largest decline over 10 years | -35.97% | -33.72% | -2.25% |
Current DrawdownCurrent decline from peak | -0.70% | 0.00% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -8.16% | -5.28% | -2.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 2.55% | +0.52% |
Volatility
VXUS vs. NZAC - Volatility Comparison
Vanguard Total International Stock ETF (VXUS) has a higher volatility of 5.34% compared to SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) at 4.48%. This indicates that VXUS's price experiences larger fluctuations and is considered to be riskier than NZAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VXUS | NZAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 4.48% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 15.06% | 11.81% | +3.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.91% | 14.13% | +2.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.37% | 16.99% | -0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.04% | 17.09% | -0.05% |
VXUS vs. NZAC - Expense Ratio Comparison
VXUS has a 0.05% expense ratio, which is lower than NZAC's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VXUS vs. NZAC - Dividend Comparison
VXUS's dividend yield for the trailing twelve months is around 2.53%, more than NZAC's 2.01% yield.
| 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% |
VXUS Vanguard Total International Stock ETF | 2.53% | 3.18% | 3.37% | 3.24% | 3.09% | 3.10% | 2.14% | 3.06% | 3.18% | 2.73% | 2.93% | 2.83% |
Frequently Asked Questions
VXUS and NZAC have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VXUS has higher volatility (5.34%) compared to NZAC (4.48%). In terms of maximum drawdown, VXUS dropped -35.97% vs NZAC's -33.72%.
On 10-year performance, NZAC leads with 11.95% vs 9.59% for VXUS. On fees, VXUS is cheaper at 0.05% per year. On volatility, NZAC has been the lower-risk option at 4.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, NZAC has performed better with a 11.95% return vs 9.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VXUS is cheaper with a 0.05% expense ratio, compared with 0.12% for NZAC.
VXUS has the higher dividend yield at 2.53%, compared with 2.01% for NZAC.
VXUS tracks FTSE Global All Cap ex US Index, while NZAC tracks MSCI ACWI Climate Paris Aligned Index. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.05% for VXUS and 0.12% for NZAC.
VXUS currently has the higher Sharpe Ratio (1.71 vs 1.48), 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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