PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
ACWI vs. ISX5.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ACWI vs. ISX5.L

Last updated Jun 14, 2026

ACWI (iShares MSCI ACWI ETF) and ISX5.L (iShares Core EURO STOXX 50 UCITS ETF) are both exchange-traded funds - ACWI is a Global Equities fund tracking the MSCI All Country World Index, while ISX5.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, ACWI returned 13.02%/yr vs 13.05%/yr for ISX5.L. A 0.60 correlation means they provide meaningful diversification when combined. ACWI charges 0.32%/yr vs 0.00%/yr for ISX5.L.

Performance

ACWI vs. ISX5.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI ACWI ETF (ACWI) and iShares Core EURO STOXX 50 UCITS ETF (ISX5.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, ACWI achieves a 10.59% return, which is significantly higher than ISX5.L's 7.24% return. Both investments have delivered pretty close results over the past 10 years, with ACWI having a 13.02% annualized return and ISX5.L not far ahead at 13.05%.

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%

ISX5.L

1D
2.46%
1M
3.59%
YTD
7.24%
6M
8.56%
1Y
19.84%
3Y*
18.31%
5Y*
10.63%
10Y*
13.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ACWI vs. ISX5.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
ISX5.L
iShares Core EURO STOXX 50 UCITS ETF		7.24%37.35%4.59%26.91%-13.63%13.94%6.81%25.61%1.58%9.70%

Correlation

The correlation between ACWI and ISX5.L is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.63

Correlation (3Y)
Calculated over the trailing 3-year period

0.54

Correlation (5Y)
Calculated over the trailing 5-year period

0.58

Correlation (10Y)
Calculated over the trailing 10-year period

0.57

Correlation (All Time)
Calculated using the full available price history since Jan 26, 2010

0.60

The correlation between ACWI and ISX5.L has been stable across timeframes, ranging from 0.54 to 0.63 - a consistent structural relationship.

ACWI vs. ISX5.L - Sectors Allocation Comparison

Sectors
ACWI
ISX5.L

Technology

32.2%
18.7%

Financial Services

15.6%
24.5%

Industrials

10.2%
20.7%

Consumer Cyclical

8.7%
9.9%

Communication Services

8.2%
2.4%

Healthcare

8.1%
5.2%

Consumer Defensive

4.7%
5.6%

Energy

3.9%
5.0%

Basic Materials

3.6%
3.5%

Utilities

2.7%
4.6%

Real Estate

1.6%

-

Technology

ACWI
32.2%
ISX5.L
18.7%

Financial Services

ACWI
15.6%
ISX5.L
24.5%

Industrials

ACWI
10.2%
ISX5.L
20.7%

Consumer Cyclical

ACWI
8.7%
ISX5.L
9.9%

Communication Services

ACWI
8.2%
ISX5.L
2.4%

Healthcare

ACWI
8.1%
ISX5.L
5.2%

Consumer Defensive

ACWI
4.7%
ISX5.L
5.6%

Energy

ACWI
3.9%
ISX5.L
5.0%

Basic Materials

ACWI
3.6%
ISX5.L
3.5%

Utilities

ACWI
2.7%
ISX5.L
4.6%

Real Estate

ACWI
1.6%
ISX5.L

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI ACWI ETF

iShares Core EURO STOXX 50 UCITS ETF

Often compared with ACWI:
ACWI vs. VTACWI vs. SPYACWI vs. VWRL.LACWI vs. ACWXACWI vs. ACWI.LACWI vs. VOOACWI vs. VTI
Often compared with ISX5.L:
ISX5.L vs. CSX5.LISX5.L vs. ^IBEXISX5.L vs. VGKISX5.L vs. VERX.ASISX5.L vs. ISEU.LISX5.L vs. AME6.DEISX5.L vs. RQFI.DE

Return for Risk

ACWI vs. ISX5.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ACWI
ACWI Risk / Return Rank: 6767
Overall Rank
ACWI Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
ACWI Sortino Ratio Rank: 6666
Sortino Ratio Rank
ACWI Omega Ratio Rank: 6767
Omega Ratio Rank
ACWI Calmar Ratio Rank: 6161
Calmar Ratio Rank
ACWI Martin Ratio Rank: 7171
Martin Ratio Rank
ISX5.L
ISX5.L Risk / Return Rank: 3232
Overall Rank
ISX5.L Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
ISX5.L Sortino Ratio Rank: 3232
Sortino Ratio Rank
ISX5.L Omega Ratio Rank: 3131
Omega Ratio Rank
ISX5.L Calmar Ratio Rank: 3232
Calmar Ratio Rank
ISX5.L Martin Ratio Rank: 3535
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ACWI vs. ISX5.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI ETF (ACWI) and iShares Core EURO STOXX 50 UCITS ETF (ISX5.L). 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.

ACWIISX5.LDifference
Sharpe ratioReturn per unit of total volatility
1.90
0.98

+0.92

Sortino ratioReturn per unit of downside risk
2.62
1.55

+1.07

Omega ratioGain probability vs. loss probability

1.35

1.19

+0.16

Calmar ratioReturn relative to maximum drawdown

2.62

1.39

+1.23

Martin ratioReturn relative to average drawdown

11.46

4.69

+6.78

ACWI vs. ISX5.L - Sharpe Ratio Comparison

The current ACWI Sharpe Ratio is 1.90, which is higher than the ISX5.L Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of ACWI and ISX5.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

ACWI vs. ISX5.L - Drawdown Comparison

The maximum ACWI drawdown since its inception was -56.00%, which is greater than ISX5.L's maximum drawdown of -38.62%. Use the drawdown chart below to compare losses from any high point for ACWI and ISX5.L.

Loading charts...

Drawdown Indicators

ACWIISX5.LDifference

Max Drawdown

Largest peak-to-trough decline

-56.00%

-38.62%

-17.38%

Max Drawdown (1Y)

Largest decline over 1 year

-9.73%

-12.92%

+3.19%

Max Drawdown (3Y)

Largest decline over 3 years

-16.55%

-15.36%

-1.19%

Max Drawdown (5Y)

Largest decline over 5 years

-26.42%

-34.86%

+8.44%

Max Drawdown (10Y)

Largest decline over 10 years

-33.53%

-38.62%

+5.09%

Current Drawdown

Current decline from peak

-2.19%

-0.19%

-2.00%

Average Drawdown

Average peak-to-trough decline

-8.60%

-8.34%

-0.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.22%

3.85%

-1.63%

Volatility

ACWI vs. ISX5.L - Volatility Comparison

iShares MSCI ACWI ETF (ACWI) and iShares Core EURO STOXX 50 UCITS ETF (ISX5.L) have volatilities of 5.17% and 5.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

ACWIISX5.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.17%

5.29%

-0.12%

Volatility (6M)

Calculated over the trailing 6-month period

11.09%

15.25%

-4.16%

Volatility (1Y)

Calculated over the trailing 1-year period

13.42%

18.30%

-4.88%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.15%

21.91%

-5.76%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.14%

21.97%

-4.83%

ACWI vs. ISX5.L - Expense Ratio Comparison

ACWI has a 0.32% expense ratio, which is higher than ISX5.L's 0.00% expense ratio.

Dividends

ACWI vs. ISX5.L - Dividend Comparison

ACWI's dividend yield for the trailing twelve months is around 1.40%, while ISX5.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
ACWI
iShares MSCI ACWI ETF		1.40%1.55%1.70%1.88%1.79%1.71%1.43%2.33%2.18%1.94%2.19%2.56%
ISX5.L
iShares Core EURO STOXX 50 UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

ACWI and ISX5.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ISX5.L is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ISX5.L is cheaper with a 0.00% expense ratio, compared with 0.32% for ACWI.

ACWI is categorized as Global Equities, while ISX5.L is Europe Equities. ACWI tracks MSCI All Country World Index, while ISX5.L tracks MSCI EMU NR EUR. Their fees differ too: 0.32% for ACWI and 0.00% for ISX5.L.

Portfolio Optimizer

Find the right allocation for ACWI and ISX5.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer