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ACWI.L vs. VWCE.DE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between ACWI.L and VWCE.DE is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

ACWI.L vs. VWCE.DE

Last updated Jun 18, 2025

Compare and contrast key facts about SPDR MSCI ACWI UCITS ETF (ACWI.L) and Vanguard FTSE All-World UCITS ETF (VWCE.DE).

ACWI.L and VWCE.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ACWI.L is a passively managed fund by State Street that tracks the performance of the MSCI ACWI NR USD. It was launched on May 13, 2011. VWCE.DE is a passively managed fund by Vanguard that tracks the performance of the FTSE All-World Index. It was launched on Jul 23, 2019. Both ACWI.L and VWCE.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ACWI.L or VWCE.DE.

Performance

ACWI.L vs. VWCE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR MSCI ACWI UCITS ETF (ACWI.L) and Vanguard FTSE All-World UCITS ETF (VWCE.DE). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

ACWI.L:

0.46

VWCE.DE:

0.35

Sortino Ratio

ACWI.L:

0.66

VWCE.DE:

0.52

Omega Ratio

ACWI.L:

1.09

VWCE.DE:

1.08

Calmar Ratio

ACWI.L:

0.34

VWCE.DE:

0.25

Martin Ratio

ACWI.L:

1.17

VWCE.DE:

0.86

Ulcer Index

ACWI.L:

5.31%

VWCE.DE:

6.15%

Daily Std Dev

ACWI.L:

14.88%

VWCE.DE:

16.77%

Max Drawdown

ACWI.L:

-41.43%

VWCE.DE:

-33.43%

Current Drawdown

ACWI.L:

-5.58%

VWCE.DE:

-7.96%

Returns By Period

In the year-to-date period, ACWI.L achieves a -1.07% return, which is significantly higher than VWCE.DE's -3.27% return.

ACWI.L

YTD

-1.07%

1M

0.14%

6M

-1.96%

1Y

6.92%

3Y*

13.17%

5Y*

10.98%

10Y*

11.28%

VWCE.DE

YTD

-3.27%

1M

-1.41%

6M

-4.90%

1Y

5.85%

3Y*

13.34%

5Y*

12.24%

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

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SPDR MSCI ACWI UCITS ETF

Vanguard FTSE All-World UCITS ETF

ACWI.L vs. VWCE.DE - Expense Ratio Comparison

ACWI.L has a 0.40% expense ratio, which is higher than VWCE.DE's 0.22% expense ratio.

ACWI.L
SPDR MSCI ACWI UCITS ETF
VWCE.DE
Vanguard FTSE All-World UCITS ETF
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

ACWI.L vs. VWCE.DE — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ACWI.L
The Risk-Adjusted Performance Rank of ACWI.L is 3737
Overall Rank
The Sharpe Ratio Rank of ACWI.L is 4141
Sharpe Ratio Rank
The Sortino Ratio Rank of ACWI.L is 3535
Sortino Ratio Rank
The Omega Ratio Rank of ACWI.L is 3737
Omega Ratio Rank
The Calmar Ratio Rank of ACWI.L is 3838
Calmar Ratio Rank
The Martin Ratio Rank of ACWI.L is 3636
Martin Ratio Rank
VWCE.DE
The Risk-Adjusted Performance Rank of VWCE.DE is 3131
Overall Rank
The Sharpe Ratio Rank of VWCE.DE is 3333
Sharpe Ratio Rank
The Sortino Ratio Rank of VWCE.DE is 2929
Sortino Ratio Rank
The Omega Ratio Rank of VWCE.DE is 3131
Omega Ratio Rank
The Calmar Ratio Rank of VWCE.DE is 3131
Calmar Ratio Rank
The Martin Ratio Rank of VWCE.DE is 3131
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

ACWI.L vs. VWCE.DE - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI UCITS ETF (ACWI.L) and Vanguard FTSE All-World UCITS ETF (VWCE.DE). 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.

The current ACWI.L Sharpe Ratio is 0.46, which is higher than the VWCE.DE Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of ACWI.L and VWCE.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

ACWI.L vs. VWCE.DE - Dividend Comparison

Neither ACWI.L nor VWCE.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

ACWI.L vs. VWCE.DE - Drawdown Comparison

The maximum ACWI.L drawdown since its inception was -41.43%, which is greater than VWCE.DE's maximum drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for ACWI.L and VWCE.DE.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

ACWI.L vs. VWCE.DE - Volatility Comparison

SPDR MSCI ACWI UCITS ETF (ACWI.L) has a higher volatility of 2.83% compared to Vanguard FTSE All-World UCITS ETF (VWCE.DE) at 2.58%. This indicates that ACWI.L's price experiences larger fluctuations and is considered to be riskier than VWCE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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