ACWI vs. ^STOXX
ACWI (iShares MSCI ACWI ETF) is Global Equities fund tracking the MSCI All Country World Index, while ^STOXX (STOXX Europe 600 Index) is an index. Over the past 10 years, ACWI returned 12.69%/yr vs 7.19%/yr for ^STOXX. Their 0.67 correlation means they have sometimes moved together and sometimes differently.
Performance
ACWI vs. ^STOXX - Performance Comparison
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Different Trading Currencies
ACWI is traded in USD, while ^STOXX is traded in EUR. To make them comparable, the ^STOXX values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ACWI achieves a 14.17% return, which is significantly higher than ^STOXX's 8.78% return. Over the past 10 years, ACWI has outperformed ^STOXX with an annualized return of 12.69%, while ^STOXX has yielded a comparatively lower 7.19% annualized return.
ACWI
- 1D
- -0.08%
- 1M
- 1.60%
- 6M
- 11.42%
- YTD
- 14.17%
- 1Y
- 25.54%
- 3Y*
- 20.39%
- 5Y*
- 11.20%
- 10Y*
- 12.69%
- ALL TIME*
- 8.61%
^STOXX
- 1D
- 0.94%
- 1M
- 1.79%
- 6M
- 3.81%
- YTD
- 8.78%
- 1Y
- 20.88%
- 3Y*
- 14.43%
- 5Y*
- 6.38%
- 10Y*
- 7.19%
- ALL TIME*
- 2.10%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^STOXX STOXX Europe 600 Index | $144.61B | $127.99B | $140.93B |
| $416.62M | $465.89M | $498.47M |
ACWI vs. ^STOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ACWI iShares MSCI ACWI ETF | 14.17% | 22.41% | 17.45% | 22.27% | -18.39% | 18.66% | 16.34% | 26.59% | -9.19% | 24.33% |
^STOXX STOXX Europe 600 Index | 8.78% | 32.56% | -0.63% | 16.30% | -17.85% | 12.47% | 5.57% | 21.16% | -17.67% | 22.91% |
Correlation
The correlation between ACWI and ^STOXX is 0.67, 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. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2008 | 0.67 |
The correlation between ACWI and ^STOXX has been stable across timeframes, ranging from 0.59 to 0.67 - a consistent structural relationship.
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Return for Risk
ACWI vs. ^STOXX — Risk / Return Rank
ACWI
^STOXX
ACWI vs. ^STOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI ETF (ACWI) and STOXX Europe 600 Index (^STOXX). 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.
| ACWI | ^STOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.26 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 1.84 | +0.80 |
| Martin ratioReturn relative to average drawdown | 11.01 | 6.14 | +4.87 |
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Drawdowns
ACWI vs. ^STOXX - Drawdown Comparison
The maximum ACWI drawdown since its inception was -56.00%, smaller than the maximum ^STOXX drawdown of -64.60%. Use the drawdown chart below to compare losses from any high point for ACWI and ^STOXX.
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Drawdown Indicators
| ACWI | ^STOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.00% | -64.60% | +8.60% |
Max Drawdown (1Y)Largest decline over 1 year | -9.73% | -11.59% | +1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -15.22% | -1.33% |
Max Drawdown (5Y)Largest decline over 5 years | -26.42% | -33.96% | +7.54% |
Max Drawdown (10Y)Largest decline over 10 years | -33.53% | -39.58% | +6.05% |
Current DrawdownCurrent decline from peak | -0.08% | 0.00% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -8.55% | -22.90% | +14.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 3.45% | -1.12% |
Volatility
ACWI vs. ^STOXX - Volatility Comparison
iShares MSCI ACWI ETF (ACWI) has a higher volatility of 4.18% compared to STOXX Europe 600 Index (^STOXX) at 3.48%. This indicates that ACWI's price experiences larger fluctuations and is considered to be riskier than ^STOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACWI | ^STOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 3.48% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 11.80% | 12.17% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.99% | 14.53% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.25% | 17.46% | -1.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.07% | 17.25% | -0.18% |
Frequently Asked Questions
ACWI and ^STOXX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACWI has higher volatility (4.18%) compared to ^STOXX (3.48%). In terms of maximum drawdown, ACWI dropped -56.00% vs ^STOXX's -64.60%.
ACWI currently has the higher Sharpe Ratio (1.83 vs 1.46), 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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