NZAC vs SCHD
State Street SPDR MSCI ACWI Climate Paris Aligned ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. NZAC offers more diversification with 670 holdings.
Side-by-Side Comparison
| Metric | NZAC | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.12% | 0.06% | |
| AUM | $190M | $103.7B | |
| Dividend Yield | 2.06% | 3.31% | |
| Holdings | 715 | 104 | |
| YTD Return | +11.27% | +26.21% | |
| 1Y Return | +18.88% | +29.99% | |
| 3Y Return (annualized) | +19.09% | +15.73% | |
| 5Y Return (annualized) | +9.81% | +9.67% | |
| Volatility (annualized) | 14.8% | 13.6% | |
| Max Drawdown | -33.7% | -33.4% | |
| Fund Family | SPDR State Street Global Advisors | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Nov 25, 2014 | Oct 20, 2011 |
NZAC vs SCHD Performance
State Street SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) is a ETF from SPDR State Street Global Advisors and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year NZAC returned +18.88% while SCHD returned +29.99%. Year to date, NZAC is up 11.27% versus a gain of 26.21% for SCHD.
Over three years, NZAC compounded at +19.09% per year against +15.73% for SCHD; over five years the annualized figures are +9.81% and +9.67% respectively. Across the full 12-year window we track, SCHD has the edge at +11.50% annualized vs +9.13%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NZAC has been the more volatile fund, with annualized monthly volatility of 14.8% compared with 13.6% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -33.7% for NZAC and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NZAC charges 0.12% per year while SCHD charges 0.06%. On a $10,000 position that is $12 vs $6 annually, a gap of $6 per year that compounds over a long holding period. On income, NZAC currently yields 2.06% against 3.31% for SCHD.
Holdings Overlap
NZAC and SCHD share 20 holdings out of 750 unique holdings combined, representing a 3.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NZAC or SCHD?
NZAC has an expense ratio of 0.12% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, NZAC or SCHD?
Over the past year NZAC returned +18.88% vs +29.99% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (12 years), NZAC annualized +9.13% vs +11.50% for SCHD. Past performance does not guarantee future results.
Which is riskier, NZAC or SCHD?
NZAC has been the more volatile fund at 14.8% annualized versus 13.6% for SCHD. Worst drawdown: NZAC -33.7% vs SCHD -33.4%.
Should I hold both NZAC and SCHD?
NZAC and SCHD have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NZAC and SCHD?
NZAC and SCHD share 20 common holdings with a 3.5% weight overlap. Combined, they hold 750 unique securities.
Which pays a higher dividend, NZAC or SCHD?
NZAC yields 2.06% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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