WDIV vs. NZAC
WDIV (SPDR S&P Global Dividend ETF) and NZAC (SPDR MSCI ACWI Climate Paris Aligned ETF) are both Global Equities funds from State Street - WDIV tracks the S&P Global Dividend Aristocrats Index while NZAC tracks the MSCI ACWI Climate Paris Aligned Index. Both are passively managed. Over the past 10 years, WDIV returned 7.59%/yr vs 11.72%/yr for NZAC. Their 0.71 correlation means they have sometimes moved together and sometimes differently. WDIV charges 0.40%/yr vs 0.12%/yr for NZAC.
Performance
WDIV vs. NZAC - Performance Comparison
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Returns By Period
In the year-to-date period, WDIV achieves a 13.12% return, which is significantly higher than NZAC's 7.28% return. Over the past 10 years, WDIV has underperformed NZAC with an annualized return of 7.59%, while NZAC has yielded a comparatively higher 11.72% annualized return.
WDIV
- 1D
- -0.95%
- 1M
- 3.48%
- 6M
- 7.94%
- YTD
- 13.12%
- 1Y
- 24.19%
- 3Y*
- 17.63%
- 5Y*
- 9.32%
- 10Y*
- 7.59%
- ALL TIME*
- 7.24%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $201.08K | $143.38K | $203.83K | |
| $1.02M | $920.01K | $626.08K |
WDIV vs. NZAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WDIV SPDR S&P Global Dividend ETF | 13.12% | 27.16% | 7.61% | 8.21% | -6.92% | 14.44% | -10.18% | 20.12% | -8.81% | 19.03% |
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% |
Correlation
The correlation between WDIV and NZAC is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2014 | 0.71 |
The correlation between WDIV and NZAC shifts across timeframes, from 0.64 (1 year) to 0.74 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
WDIV vs. NZAC — Risk / Return Rank
WDIV
NZAC
WDIV vs. NZAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Global Dividend ETF (WDIV) 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.
| WDIV | NZAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.22 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 1.74 | +1.01 |
| Martin ratioReturn relative to average drawdown | 10.25 | 6.88 | +3.37 |
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Drawdowns
WDIV vs. NZAC - Drawdown Comparison
The maximum WDIV drawdown since its inception was -42.34%, which is greater than NZAC's maximum drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for WDIV and NZAC.
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Drawdown Indicators
| WDIV | NZAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.34% | -33.72% | -8.62% |
Max Drawdown (1Y)Largest decline over 1 year | -8.61% | -10.10% | +1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -9.20% | -16.19% | +6.99% |
Max Drawdown (5Y)Largest decline over 5 years | -22.12% | -28.31% | +6.19% |
Max Drawdown (10Y)Largest decline over 10 years | -42.34% | -33.72% | -8.62% |
Current DrawdownCurrent decline from peak | -0.95% | -2.23% | +1.28% |
Average DrawdownAverage peak-to-trough decline | -5.79% | -5.28% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 2.55% | -0.24% |
Volatility
WDIV vs. NZAC - Volatility Comparison
The current volatility for SPDR S&P Global Dividend ETF (WDIV) is 2.48%, while SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) has a volatility of 4.07%. This indicates that WDIV experiences smaller price fluctuations and is considered to be less risky 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
| WDIV | NZAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.48% | 4.07% | -1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 8.34% | 11.66% | -3.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.14% | 14.03% | -3.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.72% | 16.96% | -4.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.14% | 17.07% | -1.93% |
WDIV vs. NZAC - Expense Ratio Comparison
WDIV has a 0.40% expense ratio, which is higher than NZAC's 0.12% expense ratio.
Dividends
WDIV vs. NZAC - Dividend Comparison
WDIV's dividend yield for the trailing twelve months is around 4.10%, more than NZAC's 2.07% 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% |
WDIV SPDR S&P Global Dividend ETF | 4.10% | 4.27% | 4.63% | 4.73% | 5.12% | 4.15% | 5.55% | 3.99% | 4.42% | 3.62% | 4.32% | 5.03% |
Frequently Asked Questions
WDIV and NZAC have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NZAC has higher volatility (4.07%) compared to WDIV (2.48%). In terms of maximum drawdown, WDIV dropped -42.34% vs NZAC's -33.72%.
On 10-year performance, NZAC leads with 11.72% vs 7.59% for WDIV. On fees, NZAC is cheaper at 0.12% per year. On volatility, WDIV has been the lower-risk option at 2.48%. 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 11.72% return vs 7.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NZAC is cheaper with a 0.12% expense ratio, compared with 0.40% for WDIV.
WDIV has the higher dividend yield at 4.10%, compared with 2.07% for NZAC.
WDIV tracks S&P Global Dividend Aristocrats Index, while NZAC tracks MSCI ACWI Climate Paris Aligned Index. Their fees differ too: 0.40% for WDIV and 0.12% for NZAC.
WDIV currently has the higher Sharpe Ratio (2.34 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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