What is the current NZAC ATM implied volatility?

As of May 15, 2026, State Street SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) at-the-money implied volatility is 17.2%. IV rank is 6.7% on a 0-100% scale anchored to the 1-year IV range. ATM IV is the volatility input that makes a Black-Scholes-equivalent model reproduce the listed at-the-money option prices.

Is NZAC IV high or low historically?

IV is subdued relative to its 1-year history, conditions that typically favor premium-buying strategies (long calls, long puts, debit spreads, calendar spreads).

What does NZAC volatility skew tell options traders?

Volatility skew is the pattern by which IV varies across strikes for a given expiration. State Street SPDR MSCI ACWI Climate Paris Aligned ETF skew is roughly flat across the 25-delta wings. Skew matters for risk-defined strategy selection: when downside puts are rich, put-credit spreads capture more premium; when upside calls are rich, call-credit spreads or covered-call writes harvest more.

State Street SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) Volatility Skew

Implied volatility skew shows how IV varies across strike prices for a given expiration. Steeper skews indicate higher demand for downside protection relative to upside speculation.

State Street SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $187.6M, listed on NASDAQ, carrying a beta of 1.04 to the broader market. The State Street SPDR MSCI ACWI Climate Paris Aligned ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MSCI ACWI Climate Paris Aligned Index (the "Index")Seeks to track an index designed to reduce exposure to the physical and transition risks of climate change and increase target exposure to sustainable investment opportunities by incorporating the recommendations of the Taskforce on Climate Related Financial Disclosures (TCFD) and minimum requirements of the EU Paris Aligned BenchmarkMay be considered by investors seeking to implement net-zero strategies and address climate change in a holistic wayThe Index includes large and mid-cap stocks across developed and emerging market countries public since 2014-11-26.

Snapshot as of May 15, 2026.

Spot Price: $45.52
ATM IV: 17.2%
IV Skew 25Δ: 0.009
IV Rank: 6.7%
IV Percentile: 35.3%
Term Structure Slope: -0.018

As of May 15, 2026, State Street SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) at-the-money implied volatility is 17.2%. IV rank is 6.7% (where 0% is the 52-week low and 100% is the 52-week high). IV percentile is 35.3%. The 25-delta skew is +0.009: skew is roughly flat across the 25-delta wings. High IV rank typically favors premium-selling strategies; low IV rank favors premium-buying.

NZAC Strategy Selection at Current Volatility Levels

For State Street SPDR MSCI ACWI Climate Paris Aligned ETF options at 17.2% ATM IV, low IV rank (6.7%) favors premium-buying or long-vol structures: long calls or puts, debit spreads, calendar spreads, long straddles. The risk: low-rank regimes can persist for months while time decay eats premium-buyers alive. Pair the vol-rank read with the dealer-gamma view and the upcoming-events calendar to confirm the strategy fits both the structural regime and the path-dependent risk. The variance risk premium - the persistent gap between implied and subsequently realized vol - is positive in equity markets on average; high IV rank typically reflects a stretch where the premium is wider than usual.

Learn how volatility skew is reported and how to read the data →

Frequently asked NZAC volatility skew questions

What is the current NZAC ATM implied volatility?: As of May 15, 2026, State Street SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) at-the-money implied volatility is 17.2%. IV rank is 6.7% on a 0-100% scale anchored to the 1-year IV range. ATM IV is the volatility input that makes a Black-Scholes-equivalent model reproduce the listed at-the-money option prices.
Is NZAC IV high or low historically?: IV is subdued relative to its 1-year history, conditions that typically favor premium-buying strategies (long calls, long puts, debit spreads, calendar spreads).
What does NZAC volatility skew tell options traders?: Volatility skew is the pattern by which IV varies across strikes for a given expiration. State Street SPDR MSCI ACWI Climate Paris Aligned ETF skew is roughly flat across the 25-delta wings. Skew matters for risk-defined strategy selection: when downside puts are rich, put-credit spreads capture more premium; when upside calls are rich, call-credit spreads or covered-call writes harvest more.