ACWI vs. ETH-USD
ACWI (iShares MSCI ACWI ETF) is Global Equities fund tracking the MSCI All Country World Index, while ETH-USD (Ethereum) is a cryptocurrency. Over the past 10 years, ACWI returned 13.02%/yr vs 57.05%/yr for ETH-USD. At a 0.18 correlation, their price movements are largely independent.
Performance
ACWI vs. ETH-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ACWI achieves a 10.59% return, which is significantly higher than ETH-USD's -43.34% return. Over the past 10 years, ACWI has underperformed ETH-USD with an annualized return of 13.02%, while ETH-USD has yielded a comparatively higher 57.05% annualized return.
ACWI
- 1D
- 0.41%
- 1M
- -0.11%
- YTD
- 10.59%
- 6M
- 11.34%
- 1Y
- 26.86%
- 3Y*
- 19.78%
- 5Y*
- 10.88%
- 10Y*
- 13.02%
ETH-USD
- 1D
- 0.93%
- 1M
- -26.37%
- YTD
- -43.34%
- 6M
- -46.03%
- 1Y
- -34.85%
- 3Y*
- 0.61%
- 5Y*
- -8.23%
- 10Y*
- 57.05%
ACWI vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ACWI iShares MSCI ACWI ETF | 10.59% | 22.41% | 17.45% | 22.27% | -18.39% | 18.66% | 16.34% | 26.59% | -9.19% | 24.33% |
ETH-USD Ethereum | -43.34% | -10.91% | 46.00% | 90.84% | -67.48% | 398.30% | 473.88% | -1.52% | -82.39% | 8,984.19% |
Correlation
The correlation between ACWI and ETH-USD is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2015 | 0.18 |
Over the past year, ACWI and ETH-USD have become more correlated (0.39) than their long-term average of 0.18, meaning their price movements have been converging.
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Return for Risk
ACWI vs. ETH-USD — Risk / Return Rank
ACWI
ETH-USD
ACWI vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI ETF (ACWI) and Ethereum (ETH-USD). 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 | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.42 | ||
| Sortino ratioReturn per unit of downside risk | +3.05 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.96 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | -0.52 | +3.14 |
| Martin ratioReturn relative to average drawdown | 11.46 | -0.89 | +12.35 |
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Drawdowns
ACWI vs. ETH-USD - Drawdown Comparison
The maximum ACWI drawdown since its inception was -56.00%, smaller than the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for ACWI and ETH-USD.
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Drawdown Indicators
| ACWI | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.00% | -94.01% | +38.01% |
Max Drawdown (1Y)Largest decline over 1 year | -9.73% | -67.53% | +57.80% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -67.53% | +50.98% |
Max Drawdown (5Y)Largest decline over 5 years | -26.42% | -79.35% | +52.93% |
Max Drawdown (10Y)Largest decline over 10 years | -33.53% | -94.01% | +60.48% |
Current DrawdownCurrent decline from peak | -2.19% | -65.20% | +63.01% |
Average DrawdownAverage peak-to-trough decline | -8.60% | -50.89% | +42.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 45.49% | -43.27% |
Volatility
ACWI vs. ETH-USD - Volatility Comparison
The current volatility for iShares MSCI ACWI ETF (ACWI) is 5.17%, while Ethereum (ETH-USD) has a volatility of 17.20%. This indicates that ACWI experiences smaller price fluctuations and is considered to be less risky than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACWI | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 17.20% | -12.03% |
Volatility (6M)Calculated over the trailing 6-month period | 11.09% | 46.29% | -35.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.42% | 56.08% | -42.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.15% | 59.55% | -43.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.14% | 77.88% | -60.74% |
Frequently Asked Questions
ACWI and ETH-USD have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETH-USD has higher volatility (17.20%) compared to ACWI (5.17%). In terms of maximum drawdown, ACWI dropped -56.00% vs ETH-USD's -94.01%.
ACWI currently has the higher Sharpe Ratio (1.90 vs -0.52), 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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