State Street SPDR MSCI ACWI Climate Paris Aligned ETF

NZAC

Market cap $191M

NZAC provides exposure to global companies meeting environmental standards, whereas VEA focuses on traditional non-U.S. developed markets. VEA maintains a significantly lower expense ratio and holds a much larger asset base than the NZAC climate fund.

The State Street SPDR MSCI ACWI Climate Paris Aligned ETF screens for global companies aligned with Paris climate goals, whereas the Vanguard FTSE Emerging Markets ETF provides broad exposure to stocks in developing nations. The Vanguard FTSE Emerging Markets ETF offers a lower expense ratio and a higher trailing-12-month dividend yield compared to the State Street SPDR MSCI ACWI Climate Paris Aligned ETF.

The Vanguard Total World Stock ETF (VT) offers a lower expense ratio, and higher 1- and 5-year returns than the State Street SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC). NZAC provides a higher dividend yield but maintains fewer holdings than VT.

The iShares Core MSCI Emerging Markets ETF features a lower expense ratio and higher trailing dividend yield than the State Street SPDR MSCI ACWI Climate Paris Aligned ETF. The State Street SPDR MSCI ACWI Climate Paris Aligned ETF maintains a global portfolio focused on climate-change mitigation whereas the iShares fund concentrates purely on developing economies.

iShares Core MSCI Emerging Markets ETF offers broad exposure to thousands of companies across developing nations at a lower expense ratio than the climate-focused State Street fund. State Street SPDR MSCI ACWI Climate Paris Aligned ETF utilizes an environmental screen to target net-zero alignment while the iShares fund tracks a traditional market-cap index.

The iShares MSCI Emerging Markets ETF (NYSEMKT:EEM) charges a higher expense ratio but has delivered a stronger one-year return than the State Street SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC). NZAC offers a climate-focused, ESG-screened global portfolio, while EEM targets only emerging markets with a tech and financials tilt.

iShares Core MSCI Total International Stock ETF carries a lower expense ratio and a higher dividend yield than the SPDR MSCI ACWI Climate Paris Aligned ETF. The SPDR MSCI ACWI Climate Paris Aligned ETF leans heavily into technology and ESG screens, while the iShares Core MSCI Total International Stock ETF focuses on international developed markets with more financials and industrials.

SPGM offers broader diversification with more than 4 times as many holdings as NZAC. NZAC applies a climate-focused ESG screen, resulting in a slightly higher yield and expense ratio.

IEMG has delivered a much higher one-year return and carries a higher dividend yield than NZAC. NZAC applies an ESG screen to a variety of mid- and large-cap global stocks, while IEMG focuses on emerging-market tech and currently excludes U.S. stocks.

IEFA charges a lower expense ratio and nearly doubles the dividend yield of NZAC's. IEFA's recent one-year return outpaced NZAC, but both saw similar five-year drawdowns.