NZAC vs SCHD
State Street SPDR MSCI ACWI Climate Paris Aligned ETF vs Schwab US Dividend Equity ETF
Which is better, NZAC or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. NZAC led over 3Y, SCHD over 1Y, 5Y and the full window. NZAC is less concentrated, with 27.5% of the fund in its ten largest positions against 41.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | NZAC | SCHD |
|---|---|---|
| Expense Ratio | 0.12% | 0.06%Best |
| AUM | $196M | $112.1B |
| Dividend Yield | 2.01% | 3.00% |
| Holdings | 673 | 103 |
| YTD Return | +9.25% | +24.96%Best |
| 1Y Return | +15.43% | +28.75%Best |
| 3Y Return (annualized) | +18.46%Best | +15.71% |
| 5Y Return (annualized) | +9.26% | +9.86%Best |
| Volatility (annualized) | 14.8% | 14.7%Best |
| Max Drawdown | -33.7% | -33.4%Best |
| $10,000 over 5 years | $15,571 | $16,003Best |
| Top 10 Weight | 27.5%Best | 41.8% |
| Fund Family | SPDR State Street Global Advisors | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Nov 25, 2014 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Nov 26, 2014 to Sep 9, 2026 (11.8 years).
NZAC vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 11.8 years both funds cover.
NZAC vs SCHD Performance
State Street SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) is an ETF from SPDR State Street Global Advisors and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year NZAC returned +15.43% while SCHD returned +28.75%. Year to date, NZAC is up 9.25% versus a gain of 24.96% for SCHD.
Over three years, NZAC compounded at +18.46% per year against +15.71% for SCHD; over five years the annualized figures are +9.26% and +9.86% respectively. Across the full 12-year window we track, SCHD has the edge at +9.96% annualized vs +8.90%.
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 14.7% 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 what each fund did in the worst stretch of the window measured above.
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 2.01% against 3.00% for SCHD.
Holdings Overlap
3.8% of NZAC's money is in holdings SCHD also owns. 43.2% of SCHD's money is in holdings NZAC also owns.
The two portfolios partly overlap.
19 positions in common, counted across the 626 positions we hold weights for in NZAC and 100 in SCHD, against full books of 673 and 103.
What only one of them owns
Our book lists 80 positions for SCHD that do not appear in our book for NZAC (56.8% of the fund), and 230 for NZAC that do not appear in SCHD (61.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in NZAC | Weight in SCHD | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 0.51% | 4.77% | 4.26% |
| AMGNAmgen Inc. | 0.24% | 4.70% | 4.46% |
| HDHome Depot Inc/The | 0.33% | 3.88% | 3.55% |
| VZVerizon Communications Inc Vz | 0.19% | 3.97% | 3.78% |
| UNHUnitedhealth Group Incorporated | 0.25% | 3.82% | 3.57% |
| BMYBristol-Myers Squibb Co. | 0.22% | 3.33% | 3.11% |
| TXNTexas Instruments, Inc | 0.30% | 3.13% | 2.83% |
| ACNAccenture Plc | 0.15% | 2.84% | 2.69% |
| ADPAutomatic Data Processing Inc. | 0.14% | 2.79% | 2.65% |
| QCOMQualcomm Inc. | 0.21% | 2.52% | 2.31% |
43.2% of SCHD is already inside NZAC.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $6 a year on a $10,000 investment.
Which performed better, NZAC or SCHD?
Over the past year NZAC returned +15.43% vs +28.75% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (12 years), NZAC annualized +8.90% vs +9.96% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NZAC or SCHD?
NZAC has been the more volatile fund at 14.8% annualized versus 14.7% 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 their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between NZAC and SCHD?
43.2% of SCHD's money is in holdings NZAC also owns. 43.2% of SCHD's is in holdings NZAC also owns. They hold 19 positions in common, counted across the 626 positions we hold weights for in NZAC and 100 in SCHD.
Which pays a higher dividend, NZAC or SCHD?
NZAC yields 2.01% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than NZAC?
SCHD has a lower expense ratio. NZAC led over 3Y, SCHD over 1Y, 5Y and the full window. NZAC is less concentrated, with 27.5% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.