State Street SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) is a ESG ETF. As of October 9, 2026, ETF Copilot scores NZAC 6.5 out of 10 — highest on Quality (8.7), lowest on Value (4.5). It trades at 21.7 times earnings, against its own median of 23.0. Its ten largest holdings are 30% of the fund.
What stands out in NZAC's data
Global large- and mid-cap stocks selected for climate alignment.
Trades at a richer price than the typical ESG fund — you pay more for each unit of earnings.
Its trailing EBITDA multiple of 19.1x sits above the category median of 15.9x, among the priciest 20% of peers. The fund's own EBITDA margin of 41.0% is exceptionally high.
A broad global core with a built-in climate screen — replaces a standard ACWI holding.
How is NZAC rated? ETF Copilot scores State Street SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) 6.5 out of 10
As of October 9, 2026, ETF Copilot scores State Street SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) 6.5 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 6.5 / 10
- Growth: 7.5 / 10
- Value: 4.5 / 10
- Risk: 5.9 / 10
- Quality: 8.7 / 10
- Return: 5.9 / 10
Is NZAC expensive right now? It trades at 21.7 times earnings, against its own median of 23.0
As of October 9, 2026, NZAC is cheaper than 73% of its own last 4 years.
Trailing 12 months, built from NZAC's holdings. How we calculate this →
What's inside NZAC? 42% Tech
What's inside NZAC: Size (Large 83%, Mid 17%, Small 0%); Geography (International 34%, US 66%); Tech 42.1%; Magnificent 7 26.0%; AI 19.5%; Semiconductors 19.3%; Memory 14.4%.
What are NZAC's top holdings? The ten largest are 30% of the fund
Nvidia, Apple, Microsoft, Amazon.com, Alphabet, Taiwan Semiconductor, Broadcom, Facebook and Tesla are NZAC's largest holdings, in that order.
Less concentrated than 67% of ESG ETFs.
Half of NZAC's weight sits in its 38 largest positions, and once those weights are taken into account it behaves like 69 equally weighted holdings.
What is NZAC's expense ratio? 0.12% a year
As of October 9, 2026, NZAC charges 0.12% a year, yields 2.03% and holds $196M in assets across 604 positions.
| Measure | NZAC |
|---|---|
| Expense ratio | 0.12% |
| Dividend yield | 2.03% |
| Assets under management | $196M |
| Holdings | 604 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “State Street SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/nzac
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