SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) Performance
NZAC total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +7.7% since Dec 31, 2025
- 1 year
- +9.0% total return
- 5 years
- +8.8% a year
- 10 years
- +11.7% a year
- Since first price
- +9.9% a year since 2014
NZAC trailing returns vs SPY, QQQ, AGG
| Period | NZAC total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −2.1% | −2.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.0% | +2.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +4.3% | +3.7% | +7.8% | +8.4% | −1.5% |
| YTD | +7.7% | +7.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +9.0% | +6.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +75.6%+20.6%/yr | +66.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +52.5%+8.8%/yr | +39.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +202.7%+11.7%/yr | +149.7% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionNov 26, 2014 | +206.9%+9.9%/yr | +143.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: NZAC vs SPY
From Nov 26, 2014: NZAC grew to $30,691, SPY to $44,665.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
NZAC returns by calendar year
8 of 11 full years positive. Best 2019 (+28.2%), worst 2022 (−19.8%). 2026 is year to date.
NZAC annual returns table
| Year | NZAC | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +7.7% | −10.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +20.6% | −16.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +16.7% | −7.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +23.2% | −11.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −19.8% | −28.3% | −18.2% | −32.6% | −13.0% |
| 2021 | +18.4% | −5.7% | +28.7% | +27.4% | −1.8% |
| 2020 | +17.2% | −33.7% | +18.3% | +48.6% | +7.5% |
| 2019 | +28.2% | −6.5% | +31.2% | +39.0% | +8.5% |
| 2018 | −9.8% | −19.5% | −4.6% | −0.1% | +0.1% |
| 2017 | +22.9% | −1.9% | +21.7% | +32.7% | +3.6% |
| 2016 | +8.5% | −8.4% | +12.0% | +7.1% | +2.4% |
| 2015 | −2.2% | −14.4% | +1.2% | +9.4% | +0.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
NZAC largest drawdowns
Now 3.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 12, 2020 | −33.7% | Mar 23, 2020 | Aug 24, 2020 | 40 days | 6 months |
| Jan 4, 2022 | −28.3% | Oct 12, 2022 | Feb 7, 2024 | 9 months | 2.1 years |
| Jan 26, 2018 | −19.5% | Dec 24, 2018 | Jul 3, 2019 | 11 months | 1.4 years |
| May 21, 2015 | −18.1% | Feb 8, 2016 | Dec 13, 2016 | 9 months | 1.6 years |
| Feb 20, 2025 | −16.2% | Apr 8, 2025 | May 19, 2025 | 47 days | 3 months |
| Jan 27, 2026 | −10.1% | Mar 30, 2026 | Apr 15, 2026 | 2 months | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
NZAC risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2014 |
|---|---|---|---|---|
| Annualized return | +19.9% | +10.1% | +11.6% | +10.0% |
| Volatility (annualized) | 12.3% | 15.3% | 14.9% | 14.7% |
| Sharpe ratio | 1.19 | 0.47 | 0.66 | 0.60 |
| Sortino ratio | 2.39 | 0.73 | 1.02 | 0.92 |
| Best month | +10.3% | +10.3% | +12.1% | +12.1% |
| Worst month | −5.9% | −9.7% | −13.5% | −13.5% |
| Best 12 months | +34.9% | +34.9% | +55.4% | +55.4% |
| Worst 12 months | +6.6% | −21.7% | −21.7% | −21.7% |
| Positive months | 67% | 58% | 65% | 63% |
| Beta vs S&P 500 | 0.95 | 0.95 | 0.95 | — |
| Correlation with S&P 500 | 0.96 | 0.97 | 0.97 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
NZAC rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 132 | −21.7% | +13.6% | +55.4% | 79% |
| 3-year (a year) | 108 | +1.5% | +9.6% | +22.6% | 100% |
| 5-year (a year) | 84 | +3.1% | +10.3% | +14.9% | 100% |
| 10-year (a year) | 24 | +8.5% | +11.1% | +12.5% | 100% |
Every holding period starting at a month-end since 2014. Returns for 3 years and longer are annualized.
NZAC performance overview
SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) returned +9.0% over the past year and +11.7% a year over ten years, with distributions reinvested. Since its first recorded price in 2014 it has returned +9.9% a year, turning $10,000 into about $30,691. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −33.7%, from Feb 12, 2020 to Mar 23, 2020, and it took 5 months to get back to the old high. NZAC finished 8 of its 11 full calendar years with a gain; the best year was 2019 (+28.2%) and the worst 2022 (−19.8%). Volatility has been 14.7% a year.
Related: NZAC chart, NZAC holdings, NZAC dividends, NZAC valuation. See the NZAC overview for the latest quote and fund facts.
NZAC performance FAQ
What is the NZAC return over the past year?
NZAC returned +9.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 6.7%.
What is the average annual return of NZAC?
NZAC has returned +8.8% a year over 5 years, +11.7% a year over 10 years, +9.9% a year since November 26, 2014 (total return, distributions reinvested).
How much would $10,000 invested in NZAC be worth?
$10,000 invested in NZAC at its first recorded close on November 26, 2014 would be worth about $30,691 on October 23, 2026 with distributions reinvested.
What was the worst year for NZAC?
The worst calendar year was 2022, with a total return of −19.8%. The best was 2019 at +28.2%.
What is the biggest drawdown of NZAC?
The largest peak-to-trough decline was −33.7% between February 12, 2020 and March 23, 2020. It recovered to the old high on August 24, 2020, 5 months after the bottom.
How volatile is NZAC?
Over the past 3 years NZAC had an annualized volatility of 12.3% and a Sharpe ratio of 1.19 (excess return over 1–3 month T-bills per unit of risk).