^STOXX vs. ACWI
^STOXX (STOXX Europe 600 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, ^STOXX returned 6.69%/yr vs 12.25%/yr for ACWI. Their 0.60 correlation means they have sometimes moved together and sometimes differently.
Performance
^STOXX vs. ACWI - Performance Comparison
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Different Trading Currencies
^STOXX is traded in EUR, while ACWI is traded in USD. To make them comparable, the ACWI values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ^STOXX achieves a 10.01% return, which is significantly lower than ACWI's 16.39% return. Over the past 10 years, ^STOXX has underperformed ACWI with an annualized return of 6.69%, while ACWI has yielded a comparatively higher 12.25% annualized return.
^STOXX
- 1D
- 0.45%
- 1M
- -0.10%
- 6M
- 5.53%
- YTD
- 10.01%
- 1Y
- 20.62%
- 3Y*
- 12.39%
- 5Y*
- 6.85%
- 10Y*
- 6.69%
- ALL TIME*
- 4.46%
ACWI
- 1D
- 1.53%
- 1M
- 2.00%
- 6M
- 13.83%
- YTD
- 16.39%
- 1Y
- 25.69%
- 3Y*
- 18.58%
- 5Y*
- 11.76%
- 10Y*
- 12.25%
- ALL TIME*
- 10.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^STOXX STOXX Europe 600 Index | €122.78B | €110.73B | €122.82B |
| €343.40M | €412.04M | €438.10M |
^STOXX vs. ACWI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^STOXX STOXX Europe 600 Index | 10.01% | 17.42% | 5.39% | 12.74% | -13.06% | 22.10% | -3.83% | 23.78% | -13.61% | 7.68% |
ACWI iShares MSCI ACWI ETF | 16.39% | 7.89% | 25.20% | 18.61% | -13.33% | 27.54% | 6.75% | 29.45% | -4.92% | 9.05% |
Correlation
The correlation between ^STOXX and ACWI is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2008 | 0.60 |
The correlation between ^STOXX and ACWI shifts across timeframes, from 0.47 (3 years) to 0.60 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
^STOXX vs. ACWI — Risk / Return Rank
^STOXX
ACWI
^STOXX vs. ACWI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for STOXX Europe 600 Index (^STOXX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ^STOXX | ACWI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.37 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 3.63 | -1.58 |
| Martin ratioReturn relative to average drawdown | 7.46 | 14.71 | -7.24 |
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Drawdowns
^STOXX vs. ACWI - Drawdown Comparison
The maximum ^STOXX drawdown since its inception was -60.54%, which is greater than ACWI's maximum drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for ^STOXX and ACWI.
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Drawdown Indicators
| ^STOXX | ACWI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.54% | -45.79% | -14.75% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -7.11% | -2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -16.56% | -20.51% | +3.95% |
Max Drawdown (5Y)Largest decline over 5 years | -22.55% | -20.51% | -2.04% |
Max Drawdown (10Y)Largest decline over 10 years | -35.55% | -32.80% | -2.75% |
Current DrawdownCurrent decline from peak | -0.10% | 0.00% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -14.52% | -6.38% | -8.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 1.75% | +0.87% |
Volatility
^STOXX vs. ACWI - Volatility Comparison
The current volatility for STOXX Europe 600 Index (^STOXX) is 2.86%, while iShares MSCI ACWI ETF (ACWI) has a volatility of 4.04%. This indicates that ^STOXX 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
| ^STOXX | ACWI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 4.04% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 10.40% | 10.14% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.33% | 12.96% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 15.26% | -1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.12% | 16.98% | -1.86% |
Frequently Asked Questions
^STOXX and ACWI have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACWI has higher volatility (4.04%) compared to ^STOXX (2.86%). In terms of maximum drawdown, ^STOXX dropped -60.54% vs ACWI's -45.79%.
ACWI currently has the higher Sharpe Ratio (2.00 vs 1.59), 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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