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ACWI vs. JPM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ACWI vs. JPM

Last updated Jun 14, 2026

ACWI (iShares MSCI ACWI ETF) is Global Equities fund tracking the MSCI All Country World Index, while JPM (JPMorgan Chase & Co.) is a stock. Over the past 10 years, ACWI returned 13.02%/yr vs 21.02%/yr for JPM. A 0.64 correlation means they provide meaningful diversification when combined.

Performance

ACWI vs. JPM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI ACWI ETF (ACWI) and JPMorgan Chase & Co. (JPM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ACWI achieves a 10.59% return, which is significantly higher than JPM's 0.50% return. Over the past 10 years, ACWI has underperformed JPM with an annualized return of 13.02%, while JPM has yielded a comparatively higher 21.02% 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%

JPM

1D
2.31%
1M
6.94%
YTD
0.50%
6M
1.66%
1Y
23.40%
3Y*
34.22%
5Y*
17.82%
10Y*
21.02%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ACWI vs. JPM - 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%
JPM
JPMorgan Chase & Co.		0.50%37.27%44.29%30.63%-12.64%27.75%-5.53%47.26%-6.62%26.76%

Correlation

The correlation between ACWI and JPM is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.48

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

0.49

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

0.58

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

0.59

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

0.64

The correlation between ACWI and JPM shifts across timeframes, from 0.48 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.

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iShares MSCI ACWI ETF

JPMorgan Chase & Co.

Often compared with ACWI:
ACWI vs. VTACWI vs. SPYACWI vs. VWRL.LACWI vs. ACWXACWI vs. ACWI.LACWI vs. VOOACWI vs. VTI
Often compared with JPM:
JPM vs. BACJPM vs. SPYJPM vs. BLKJPM vs. AXPJPM vs. VOOJPM vs. UBSJPM vs. HSBC

Return for Risk

ACWI vs. JPM — 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
JPM
JPM Risk / Return Rank: 6969
Overall Rank
JPM Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
JPM Sortino Ratio Rank: 6666
Sortino Ratio Rank
JPM Omega Ratio Rank: 6666
Omega Ratio Rank
JPM Calmar Ratio Rank: 7070
Calmar Ratio Rank
JPM Martin Ratio Rank: 7070
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. JPM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI ETF (ACWI) and JPMorgan Chase & Co. (JPM). 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.

ACWIJPMDifference
Sharpe ratioReturn per unit of total volatility
1.90
1.01

+0.89

Sortino ratioReturn per unit of downside risk
2.62
1.43

+1.19

Omega ratioGain probability vs. loss probability

1.35

1.18

+0.16

Calmar ratioReturn relative to maximum drawdown

2.62

1.42

+1.20

Martin ratioReturn relative to average drawdown

11.46

3.36

+8.11

ACWI vs. JPM - Sharpe Ratio Comparison

The current ACWI Sharpe Ratio is 1.90, which is higher than the JPM Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of ACWI and JPM, 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. JPM - Drawdown Comparison

The maximum ACWI drawdown since its inception was -56.00%, smaller than the maximum JPM drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for ACWI and JPM.

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Drawdown Indicators

ACWIJPMDifference

Max Drawdown

Largest peak-to-trough decline

-56.00%

-76.16%

+20.16%

Max Drawdown (1Y)

Largest decline over 1 year

-9.73%

-15.47%

+5.74%

Max Drawdown (3Y)

Largest decline over 3 years

-16.55%

-24.42%

+7.87%

Max Drawdown (5Y)

Largest decline over 5 years

-26.42%

-38.77%

+12.35%

Max Drawdown (10Y)

Largest decline over 10 years

-33.53%

-43.63%

+10.10%

Current Drawdown

Current decline from peak

-2.19%

-3.66%

+1.47%

Average Drawdown

Average peak-to-trough decline

-8.60%

-17.62%

+9.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.22%

6.54%

-4.32%

Volatility

ACWI vs. JPM - Volatility Comparison

The current volatility for iShares MSCI ACWI ETF (ACWI) is 5.17%, while JPMorgan Chase & Co. (JPM) has a volatility of 6.35%. This indicates that ACWI experiences smaller price fluctuations and is considered to be less risky than JPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ACWIJPMDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.17%

6.35%

-1.18%

Volatility (6M)

Calculated over the trailing 6-month period

11.09%

16.67%

-5.58%

Volatility (1Y)

Calculated over the trailing 1-year period

13.42%

21.76%

-8.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.15%

24.46%

-8.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.14%

27.39%

-10.25%

Dividends

ACWI vs. JPM - Dividend Comparison

ACWI's dividend yield for the trailing twelve months is around 1.40%, less than JPM's 1.84% 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%
JPM
JPMorgan Chase & Co.		1.84%1.72%1.92%2.38%2.98%2.34%2.83%2.37%2.54%1.91%2.13%2.54%

Frequently Asked Questions

ACWI and JPM have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

JPM has higher volatility (6.35%) compared to ACWI (5.17%). In terms of maximum drawdown, ACWI dropped -56.00% vs JPM's -76.16%.

ACWI currently has the higher Sharpe Ratio (1.90 vs 1.01), 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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