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ACWI vs. IVV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ACWI vs. IVV

Last updated Aug 6, 2026
Documentation

ACWI (iShares MSCI ACWI ETF) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - ACWI is a Global Equities fund tracking the MSCI All Country World Index, while IVV is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, ACWI returned 12.69%/yr vs 15.32%/yr for IVV. Their correlation of 0.94 means they have usually moved in the same direction. ACWI charges 0.32%/yr vs 0.03%/yr for IVV.

Performance

ACWI vs. IVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI ACWI ETF (ACWI) and iShares Core S&P 500 ETF (IVV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with ACWI having a 14.17% return and IVV slightly lower at 13.51%. Over the past 10 years, ACWI has underperformed IVV with an annualized return of 12.69%, while IVV has yielded a comparatively higher 15.32% 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%

IVV

1D
-0.18%
1M
2.46%
6M
12.80%
YTD
13.51%
1Y
24.00%
3Y*
21.48%
5Y*
13.30%
10Y*
15.32%
ALL TIME*
8.57%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

ACWI

iShares MSCI ACWI ETF
$416.62M$465.89M$498.47M

IVV

iShares Core S&P 500 ETF
$3.47B$3.27B$5.84B

ACWI vs. IVV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
IVV
iShares Core S&P 500 ETF		13.51%17.85%24.93%26.31%-18.16%28.76%18.40%31.07%-4.49%21.75%

Correlation

The correlation between ACWI and IVV is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.96

Correlation (3Y)
Balances recent behavior with more history.

0.96

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.96

Correlation (10Y)
Provides a long-term view across more market conditions.

0.96

Correlation (All Time)
Calculated using the full available price history since Mar 28, 2008

0.94

The correlation between ACWI and IVV has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

ACWI vs. IVV - Sectors Allocation Comparison

Sectors
ACWI
IVV

Technology

32.7%
37.2%

Financial Services

16.0%
12.5%

Industrials

10.8%
7.9%

Consumer Cyclical

8.7%
8.9%

Healthcare

8.3%
9.4%

Communication Services

8.0%
9.6%

Consumer Defensive

4.7%
4.8%

Energy

3.6%
3.3%

Basic Materials

3.4%
1.8%

Utilities

2.4%
2.6%

Real Estate

1.6%
1.9%

Technology

ACWI
32.7%
IVV
37.2%

Financial Services

ACWI
16.0%
IVV
12.5%

Industrials

ACWI
10.8%
IVV
7.9%

Consumer Cyclical

ACWI
8.7%
IVV
8.9%

Healthcare

ACWI
8.3%
IVV
9.4%

Communication Services

ACWI
8.0%
IVV
9.6%

Consumer Defensive

ACWI
4.7%
IVV
4.8%

Energy

ACWI
3.6%
IVV
3.3%

Basic Materials

ACWI
3.4%
IVV
1.8%

Utilities

ACWI
2.4%
IVV
2.6%

Real Estate

ACWI
1.6%
IVV
1.9%

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 S&P 500 ETF

Often compared with ACWI:
ACWI vs. VTACWI vs. SPYACWI vs. VWRL.LACWI vs. ACWXACWI vs. VOOACWI vs. ACWI.LACWI vs. VTI
Often compared with IVV:
IVV vs. VOOIVV vs. SPYIVV vs. FXAIXIVV vs. QQQIVV vs. VTIIVV vs. IOOIVV vs. CSPX.L

Return for Risk

ACWI vs. IVV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
ACWI
ACWI Risk / Return Rank: 7070
Overall Rank
ACWI Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
ACWI Sortino Ratio Rank: 6868
Sortino Ratio Rank
ACWI Omega Ratio Rank: 6969
Omega Ratio Rank
ACWI Calmar Ratio Rank: 6666
Calmar Ratio Rank
ACWI Martin Ratio Rank: 7676
Martin Ratio Rank
IVV
IVV Risk / Return Rank: 7272
Overall Rank
IVV Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
IVV Sortino Ratio Rank: 6969
Sortino Ratio Rank
IVV Omega Ratio Rank: 7171
Omega Ratio Rank
IVV Calmar Ratio Rank: 6868
Calmar Ratio Rank
IVV Martin Ratio Rank: 7979
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ACWI vs. IVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI ETF (ACWI) and iShares Core S&P 500 ETF (IVV). 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.

ACWIIVVDifference
Sharpe ratioReturn per unit of total volatility
1.83
1.87

-0.04

Sortino ratioReturn per unit of downside risk
2.54
2.58

-0.04

Omega ratioGain probability vs. loss probability

1.33

1.34

-0.01

Calmar ratioReturn relative to maximum drawdown

2.64

2.71

-0.08

Martin ratioReturn relative to average drawdown

11.01

11.55

-0.55

ACWI vs. IVV - Sharpe Ratio Comparison

The current ACWI Sharpe Ratio is 1.83, which is comparable to the IVV Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of ACWI and IVV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ACWI vs. IVV - Drawdown Comparison

The maximum ACWI drawdown since its inception was -56.00%, roughly equal to the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for ACWI and IVV.

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Drawdown Indicators

ACWIIVVDifference

Max Drawdown

Largest peak-to-trough decline

-56.00%

-55.25%

-0.75%

Max Drawdown (1Y)

Largest decline over 1 year

-9.73%

-8.89%

-0.84%

Max Drawdown (3Y)

Largest decline over 3 years

-16.55%

-18.75%

+2.20%

Max Drawdown (5Y)

Largest decline over 5 years

-26.42%

-24.53%

-1.89%

Max Drawdown (10Y)

Largest decline over 10 years

-33.53%

-33.90%

+0.37%

Current Drawdown

Current decline from peak

-0.08%

-0.18%

+0.10%

Average Drawdown

Average peak-to-trough decline

-8.55%

-10.72%

+2.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.33%

2.08%

+0.25%

Volatility

ACWI vs. IVV - Volatility Comparison

iShares MSCI ACWI ETF (ACWI) and iShares Core S&P 500 ETF (IVV) have volatilities of 4.18% and 4.06%, 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.

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Volatility by Period

ACWIIVVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.18%

4.06%

+0.12%

Volatility (6M)

Calculated over the trailing 6-month period

11.80%

10.35%

+1.45%

Volatility (1Y)

Calculated over the trailing 1-year period

13.99%

12.88%

+1.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.25%

17.04%

-0.79%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.07%

18.08%

-1.01%

ACWI vs. IVV - Expense Ratio Comparison

ACWI has a 0.32% expense ratio, which is higher than IVV's 0.03% expense ratio.

Dividends

ACWI vs. IVV - Dividend Comparison

ACWI's dividend yield for the trailing twelve months is around 1.40%, more than IVV's 1.06% yield.

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%
IVV
iShares Core S&P 500 ETF		1.06%1.17%1.30%1.44%1.66%1.20%1.57%1.85%2.21%1.75%2.01%2.27%

Frequently Asked Questions

With a correlation of 0.96, ACWI and IVV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

ACWI has higher volatility (4.18%) compared to IVV (4.06%). In terms of maximum drawdown, ACWI dropped -56.00% vs IVV's -55.25%.

On 10-year performance, IVV leads with 15.32% vs 12.69% for ACWI. On fees, IVV is cheaper at 0.03% per year. On volatility, IVV has been the lower-risk option at 4.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IVV has performed better with a 15.32% return vs 12.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IVV is cheaper with a 0.03% expense ratio, compared with 0.32% for ACWI.

ACWI has the higher dividend yield at 1.40%, compared with 1.06% for IVV.

ACWI is categorized as Global Equities, while IVV is S&P 500. ACWI tracks MSCI All Country World Index, while IVV tracks S&P 500 Index. Their fees differ too: 0.32% for ACWI and 0.03% for IVV.

IVV currently has the higher Sharpe Ratio (1.87 vs 1.83), 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.

Portfolio Optimizer

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