NZAC vs. URTH: Which Global ETF Is the Better Buy?

The State Street SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) and iShares MSCI World ETF (URTH) offer different approaches to global stock investing. NZAC features a lower expense ratio (0.12% vs 0.24%), higher dividend yield (2.06% vs 1.40%), and includes emerging markets with climate screening, while URTH focuses on developed-market stocks without ESG filters. However, URTH has delivered superior one- and five-year returns with lower volatility, suggesting that its simpler approach to developed-market exposure has outperformed NZAC's climate-focused strategy.