Comparison of ETFs: SPDR Portfolio MSCI Global Stock Market ETF (SPGM) offers broader diversification and lower costs compared to SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC), which focuses on climate-related ESG criteria.
Performance and Holdings: Both ETFs have performed similarly over the past year, with SPGM returning 16.36% and NZAC 13.5%, largely due to their common top holdings in major tech companies like Nvidia, Apple, and Microsoft.
Investment Focus: SPGM serves as a core holding for investors seeking broad market exposure, while NZAC targets those interested in sustainable investing aligned with the Paris Agreement's climate goals.
Cost and Yield: SPGM has a lower expense ratio of 0.09% compared to NZAC's 0.12%, and both funds offer similar dividend yields between 2.8% and 2.9%, appealing to cost-conscious investors.
Wall Street analysts forecast NZAC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NZAC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Wall Street analysts forecast NZAC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NZAC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 42.890
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Current: 42.890
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
