WSGE vs. NZAC

Last updated Jun 7, 2026

WSGE (Warren Street Global Equity ETF) and NZAC (SPDR MSCI ACWI Climate Paris Aligned ETF) are both Global Equities funds. WSGE is actively managed, while NZAC is passively managed. With a 0.97 correlation, they move nearly in lockstep. WSGE charges 0.80%/yr vs 0.12%/yr for NZAC.

Performance

WSGE vs. NZAC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Warren Street Global Equity ETF (WSGE) and SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WSGE achieves a 9.17% return, which is significantly higher than NZAC's 5.75% return.

WSGE

• 1D: -2.89%
• 1M: 0.15%
• YTD: 9.17%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NZAC

• 1D: -3.21%
• 1M: -0.36%
• YTD: 5.75%
• 6M: 6.03%
• 1Y: 20.13%
• 3Y*: 17.87%
• 5Y*: 9.25%
• 10Y*: 11.71%

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

WSGE vs. NZAC - Yearly Performance Comparison

	2026 (YTD)	2025
WSGE Warren Street Global Equity ETF	9.17%	0.31%
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF	5.75%	0.65%

Correlation

The correlation between WSGE and NZAC is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 10, 2025	0.97

Return for Risk

WSGE vs. NZAC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NZAC

NZAC Risk / Return Rank: 48
NZAC Sharpe Ratio Rank: 47
NZAC Sortino Ratio Rank: 47
NZAC Omega Ratio Rank: 47
NZAC Calmar Ratio Rank: 44
NZAC Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WSGE vs. NZAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Warren Street Global Equity ETF (WSGE) 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.

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

Sharpe Ratios by Period

	WSGE	NZAC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.56	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.55	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.32	0.60	+0.72

Drawdowns

WSGE vs. NZAC - Drawdown Comparison

The maximum WSGE drawdown since its inception was -9.25%, smaller than the maximum NZAC drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for WSGE and NZAC.

Drawdown Indicators

	WSGE	NZAC	Difference
Max Drawdown Largest peak-to-trough decline	-9.25%	-33.72%	+24.47%
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	-3.27%	-3.63%	+0.36%
Average Drawdown Average peak-to-trough decline	-1.66%	-5.32%	+3.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.33%	—

Volatility

Volatility by Period

	WSGE	NZAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.64%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.68%	13.34%	+2.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.68%	16.86%	-1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.68%	17.17%	-1.49%

WSGE vs. NZAC - Expense Ratio Comparison

WSGE has a 0.80% expense ratio, which is higher than NZAC's 0.12% expense ratio.

Dividends

WSGE vs. NZAC - Dividend Comparison

WSGE's dividend yield for the trailing twelve months is around 0.25%, 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%
WSGE Warren Street Global Equity ETF	0.25%	0.27%	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 WSGE and NZAC in my portfolio?

With a correlation of 0.97, WSGE 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.

Which ETF is better, WSGE 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, WSGE or NZAC?

NZAC is cheaper with a 0.12% expense ratio, compared with 0.80% for WSGE.

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

NZAC has the higher dividend yield at 2.10%, compared with 0.25% for WSGE.

What is the main difference between WSGE and NZAC?

They also come from different issuers: Warren Street and State Street. Their fees differ too: 0.80% for WSGE and 0.12% for NZAC.