NZAC vs VOOV

NZACBState Street SPDR MSCI ACWI Climate Paris Aligned ETF

VOOVAVanguard S&P 500 Value ETF

In short

NZAC A whole-world stock index fund with a climate filter baked in: large and mid caps across developed and emerging markets, screened for climate risk, at 0.12% a year. A Paris-aligned mandate priced like plain vanilla.

VOOV Vanguard takes the S&P 500, sorts it by value traits, and hands you the cheap half: roughly 400 familiar large caps, one published index, seven basis points. A value tilt without leaving the blue-chip universe.

Stated mandate

NZAC The fund seeks to track the MSCI ACWI Climate Paris Aligned Index, an equity index covering large- and mid-cap companies in developed and emerging markets. Its methodology is designed to reduce physical and transition climate risks and increase exposure to opportunities from the transition to a lower-carbon economy.

VOOV The fund seeks to track the performance of the S&P 500 Value Index.

Why people hold it

• NZAC Charges 0.12% a year against a 0.45% median for its index-fund cohort. The climate screen arrives without the boutique price tag that usually rides along.
• One ticket, roughly 600 large and mid caps across developed and emerging markets. The screen runs across the whole global opportunity set, not just the US slice.
• The portfolio matches the label. MSCI's methodology targets lower physical and transition climate risk, and this is one of the cleaner implementations among index wrappers.

• VOOV Charges 0.07% a year against a 0.45% median for its index-tracker peer group. The value tilt arrives without the usual factor-fund markup.
• No manager discretion. It follows one published benchmark, the S&P 500 Value Index, holding roughly 400 large-cap names most investors already know.vanguard.com
• Running since 2010 and now a multi-billion-dollar fund, it sits among the strongest implementations in its peer group of plain index wrappers.

Worth knowing

• NZAC Thinly traded next to the giants of its cohort, so the gap between bid and ask can be wider at the moment you trade.
• Unscreened global index funds go cheaper: VT runs 0.06%. The climate methodology is what the fee difference buys.
• An exclusionary approach reshapes sector and country weights, so results can drift from a plain global index in either direction. Cash comes back once or twice a year, not monthly.

• VOOV SPYV tracks the same S&P 500 Value Index for 0.04%. Same benchmark, thinner fee.
• You own one side of the index. When the growth half of the S&P 500 leads, this fund's path diverges from the headline benchmark.
• Volume is moderate rather than heavy, so spreads can run wider than the busiest large-cap ETFs. Cash comes back quarterly, not monthly.

Full NZAC profile⁠

Full VOOV profile⁠