WRND vs. NZAC
WRND (IQ Global Equity R&D Leaders ETF) and NZAC (SPDR MSCI ACWI Climate Paris Aligned ETF) are both Global Equities funds - WRND tracks the IQ Global Equity R&D Leaders Index - Benchmark TR Net while NZAC tracks the MSCI ACWI Climate Paris Aligned Index. Both are passively managed. Over the past 3 years, WRND returned 20.10%/yr vs 17.67%/yr for NZAC. Their correlation of 0.93 suggests significant overlap in exposure. WRND charges 0.18%/yr vs 0.12%/yr for NZAC.
Performance
WRND vs. NZAC - Performance Comparison
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Returns By Period
In the year-to-date period, WRND achieves a 10.48% return, which is significantly higher than NZAC's 5.64% return.
WRND
- 1D
- -0.53%
- 1M
- -2.95%
- YTD
- 10.48%
- 6M
- 9.93%
- 1Y
- 28.93%
- 3Y*
- 20.10%
- 5Y*
- —
- 10Y*
- —
NZAC
- 1D
- -0.35%
- 1M
- -1.61%
- YTD
- 5.64%
- 6M
- 4.67%
- 1Y
- 18.44%
- 3Y*
- 17.67%
- 5Y*
- 9.09%
- 10Y*
- 12.14%
WRND vs. NZAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WRND IQ Global Equity R&D Leaders ETF | 10.48% | 27.72% | 13.46% | 34.85% | -19.17% |
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF | 5.64% | 20.55% | 16.67% | 23.22% | -15.45% |
Correlation
The correlation between WRND and NZAC is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2022 | 0.93 |
The correlation between WRND and NZAC has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
WRND vs. NZAC — Risk / Return Rank
WRND
NZAC
WRND vs. NZAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ Global Equity R&D Leaders ETF (WRND) 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.
| WRND | NZAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.24 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 1.83 | +0.50 |
| Martin ratioReturn relative to average drawdown | 9.47 | 7.66 | +1.81 |
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Drawdowns
WRND vs. NZAC - Drawdown Comparison
The maximum WRND drawdown since its inception was -27.16%, smaller than the maximum NZAC drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for WRND and NZAC.
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Drawdown Indicators
| WRND | NZAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.16% | -33.72% | +6.56% |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | -10.10% | -2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -18.41% | -16.19% | -2.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.31% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -5.59% | -3.72% | -1.87% |
Average DrawdownAverage peak-to-trough decline | -5.94% | -5.31% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 2.41% | +0.65% |
Volatility
WRND vs. NZAC - Volatility Comparison
IQ Global Equity R&D Leaders ETF (WRND) has a higher volatility of 7.43% compared to SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) at 5.41%. This indicates that WRND'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
| WRND | NZAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.43% | 5.41% | +2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 14.87% | 11.32% | +3.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.04% | 13.69% | +4.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.97% | 16.94% | +2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.97% | 17.13% | +1.84% |
WRND vs. NZAC - Expense Ratio Comparison
WRND has a 0.18% expense ratio, which is higher than NZAC's 0.12% 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
WRND vs. NZAC - Dividend Comparison
WRND's dividend yield for the trailing twelve months is around 1.04%, less than NZAC's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF | 2.10% | 1.90% | 1.88% | 1.65% | 1.81% | 1.62% | 1.59% | 2.17% | 2.53% | 2.20% | 2.00% | 2.40% |
WRND IQ Global Equity R&D Leaders ETF | 1.04% | 1.29% | 1.15% | 2.06% | 2.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, WRND and NZAC 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.
WRND has higher volatility (7.43%) compared to NZAC (5.41%). In terms of maximum drawdown, WRND dropped -27.16% vs NZAC's -33.72%.
On 3-year performance, WRND leads with 20.10% vs 17.67% for NZAC. On fees, NZAC is cheaper at 0.12% per year. On volatility, NZAC has been the lower-risk option at 5.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, WRND has performed better with a 20.10% return vs 17.67%. 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 0.18% for WRND.
NZAC has the higher dividend yield at 2.10%, compared with 1.04% for WRND.
WRND tracks IQ Global Equity R&D Leaders Index - Benchmark TR Net, while NZAC tracks MSCI ACWI Climate Paris Aligned Index. They also come from different issuers: IndexIQ and State Street. Their fees differ too: 0.18% for WRND and 0.12% for NZAC.
WRND currently has the higher Sharpe Ratio (1.62 vs 1.36), 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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