^DWCF vs. ACWI
^DWCF (Dow Jones U.S. Total Stock Market Index) is an index, while ACWI (iShares MSCI ACWI ETF) is Global Equities fund tracking the MSCI All Country World Index. Over the past 10 years, ^DWCF returned 13.26%/yr vs 12.85%/yr for ACWI. Their correlation of 0.94 suggests significant overlap in exposure.
Performance
^DWCF vs. ACWI - Performance Comparison
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Returns By Period
In the year-to-date period, ^DWCF achieves a 11.53% return, which is significantly lower than ACWI's 12.13% return. Both investments have delivered pretty close results over the past 10 years, with ^DWCF having a 13.26% annualized return and ACWI not far behind at 12.85%.
^DWCF
- 1D
- 0.24%
- 1M
- 5.68%
- YTD
- 11.53%
- 6M
- 11.31%
- 1Y
- 27.58%
- 3Y*
- 20.78%
- 5Y*
- 11.49%
- 10Y*
- 13.26%
ACWI
- 1D
- -0.83%
- 1M
- 5.28%
- YTD
- 12.13%
- 6M
- 12.96%
- 1Y
- 29.18%
- 3Y*
- 21.15%
- 5Y*
- 11.28%
- 10Y*
- 12.85%
^DWCF vs. ACWI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^DWCF Dow Jones U.S. Total Stock Market Index | 11.53% | 15.59% | 22.21% | 24.06% | -20.80% | 24.01% | 18.72% | 28.42% | -7.04% | 18.89% |
ACWI iShares MSCI ACWI ETF | 12.13% | 22.41% | 17.45% | 22.27% | -18.39% | 18.66% | 16.34% | 26.59% | -9.19% | 24.33% |
Correlation
The correlation between ^DWCF and ACWI is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2008 | 0.94 |
The correlation between ^DWCF and ACWI has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
^DWCF vs. ACWI — Risk / Return Rank
^DWCF
ACWI
^DWCF vs. ACWI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones U.S. Total Stock Market Index (^DWCF) and iShares MSCI ACWI ETF (ACWI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ^DWCF | ACWI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.41 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 3.01 | +0.12 |
| Martin ratioReturn relative to average drawdown | 14.22 | 13.53 | +0.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ^DWCF | ACWI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | 2.29 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.71 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.75 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.43 | +0.07 |
Drawdowns
^DWCF vs. ACWI - Drawdown Comparison
The maximum ^DWCF drawdown since its inception was -56.81%, roughly equal to the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for ^DWCF and ACWI.
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Drawdown Indicators
| ^DWCF | ACWI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.81% | -56.00% | -0.81% |
Max Drawdown (1Y)Largest decline over 1 year | -9.12% | -9.73% | +0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -19.59% | -16.55% | -3.04% |
Max Drawdown (5Y)Largest decline over 5 years | -26.31% | -26.42% | +0.11% |
Max Drawdown (10Y)Largest decline over 10 years | -35.14% | -33.53% | -1.61% |
Current DrawdownCurrent decline from peak | 0.00% | -0.83% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -8.61% | -1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 2.16% | -0.15% |
Volatility
^DWCF vs. ACWI - Volatility Comparison
The current volatility for Dow Jones U.S. Total Stock Market Index (^DWCF) is 2.98%, while iShares MSCI ACWI ETF (ACWI) has a volatility of 3.93%. This indicates that ^DWCF experiences smaller price fluctuations and is considered to be less risky than ACWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^DWCF | ACWI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 3.93% | -0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 9.23% | 10.29% | -1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.26% | 12.78% | -0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.40% | 16.05% | +1.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.46% | 17.11% | +1.35% |
Frequently Asked Questions
With a correlation of 0.96, ^DWCF and ACWI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
ACWI has higher volatility (3.93%) compared to ^DWCF (2.98%). In terms of maximum drawdown, ^DWCF dropped -56.81% vs ACWI's -56.00%.
^DWCF currently has the higher Sharpe Ratio (2.33 vs 2.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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