PortfoliosLab logoPortfoliosLab logo

Documentation

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

ACWI vs. PID

Last updated Aug 6, 2026
Documentation

ACWI (iShares MSCI ACWI ETF) and PID (Invesco International Dividend Achievers™ ETF) are both Global Equities funds - ACWI tracks the MSCI All Country World Index while PID tracks the Nasdaq International Dividend Achievers (NR). Both are passively managed. Over the past 10 years, ACWI returned 12.69%/yr vs 8.82%/yr for PID. Their correlation of 0.84 means they have usually moved in the same direction. ACWI charges 0.32%/yr vs 0.56%/yr for PID.

Performance

ACWI vs. PID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI ACWI ETF (ACWI) and Invesco International Dividend Achievers™ ETF (PID). 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 14.17% return, which is significantly higher than PID's 7.08% return. Over the past 10 years, ACWI has outperformed PID with an annualized return of 12.69%, while PID has yielded a comparatively lower 8.82% 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%

PID

1D
-0.59%
1M
2.31%
6M
2.74%
YTD
7.08%
1Y
15.22%
3Y*
13.20%
5Y*
9.05%
10Y*
8.82%
ALL TIME*
5.67%
*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

PID

Invesco International Dividend Achievers™ ETF
$1.27M$1.82M$1.50M

ACWI vs. PID - 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%
PID
Invesco International Dividend Achievers™ ETF		7.08%24.45%3.08%14.28%-6.48%24.49%-6.56%25.87%-11.46%19.05%

Correlation

The correlation between ACWI and PID is 0.50, 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.

0.50

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

0.65

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

0.73

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

0.78

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

0.84

Over the past year, the correlation between ACWI and PID has dropped to 0.50 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.

ACWI vs. PID - Sectors Allocation Comparison

Sectors
ACWI
PID

Technology

32.7%
8.5%

Financial Services

16.0%
18.7%

Industrials

10.8%
8.1%

Consumer Cyclical

8.7%
6.5%

Healthcare

8.3%
8.6%

Communication Services

8.0%
13.5%

Consumer Defensive

4.7%
7.1%

Energy

3.6%
10.4%

Basic Materials

3.4%
3.5%

Utilities

2.4%
14.6%

Real Estate

1.6%
0.5%

Technology

ACWI
32.7%
PID
8.5%

Financial Services

ACWI
16.0%
PID
18.7%

Industrials

ACWI
10.8%
PID
8.1%

Consumer Cyclical

ACWI
8.7%
PID
6.5%

Healthcare

ACWI
8.3%
PID
8.6%

Communication Services

ACWI
8.0%
PID
13.5%

Consumer Defensive

ACWI
4.7%
PID
7.1%

Energy

ACWI
3.6%
PID
10.4%

Basic Materials

ACWI
3.4%
PID
3.5%

Utilities

ACWI
2.4%
PID
14.6%

Real Estate

ACWI
1.6%
PID
0.5%

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

Invesco International Dividend Achievers™ 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 PID:
PID vs. IDVPID vs. LVHIPID vs. DTHPID vs. DWXPID vs. PSQPID vs. VYMIPID vs. DIM

Return for Risk

ACWI vs. PID — 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
PID
PID Risk / Return Rank: 5555
Overall Rank
PID Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
PID Sortino Ratio Rank: 6161
Sortino Ratio Rank
PID Omega Ratio Rank: 5656
Omega Ratio Rank
PID Calmar Ratio Rank: 5050
Calmar Ratio Rank
PID Martin Ratio Rank: 4949
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. PID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI ETF (ACWI) and Invesco International Dividend Achievers™ ETF (PID). 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.

ACWIPIDDifference
Sharpe ratioReturn per unit of total volatility
1.83
1.57

+0.26

Sortino ratioReturn per unit of downside risk
2.54
2.33

+0.22

Omega ratioGain probability vs. loss probability

1.33

1.28

+0.05

Calmar ratioReturn relative to maximum drawdown

2.64

2.04

+0.59

Martin ratioReturn relative to average drawdown

11.01

6.47

+4.54

ACWI vs. PID - Sharpe Ratio Comparison

The current ACWI Sharpe Ratio is 1.83, which is comparable to the PID Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of ACWI and PID, 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. PID - Drawdown Comparison

The maximum ACWI drawdown since its inception was -56.00%, smaller than the maximum PID drawdown of -66.34%. Use the drawdown chart below to compare losses from any high point for ACWI and PID.

Loading charts...

Drawdown Indicators

ACWIPIDDifference

Max Drawdown

Largest peak-to-trough decline

-56.00%

-66.34%

+10.34%

Max Drawdown (1Y)

Largest decline over 1 year

-9.73%

-7.47%

-2.26%

Max Drawdown (3Y)

Largest decline over 3 years

-16.55%

-11.39%

-5.16%

Max Drawdown (5Y)

Largest decline over 5 years

-26.42%

-22.97%

-3.45%

Max Drawdown (10Y)

Largest decline over 10 years

-33.53%

-46.07%

+12.54%

Current Drawdown

Current decline from peak

-0.08%

-1.98%

+1.90%

Average Drawdown

Average peak-to-trough decline

-8.55%

-12.95%

+4.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.33%

2.36%

-0.03%

Volatility

ACWI vs. PID - Volatility Comparison

iShares MSCI ACWI ETF (ACWI) has a higher volatility of 4.18% compared to Invesco International Dividend Achievers™ ETF (PID) at 2.57%. This indicates that ACWI's price experiences larger fluctuations and is considered to be riskier than PID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

ACWIPIDDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.18%

2.57%

+1.61%

Volatility (6M)

Calculated over the trailing 6-month period

11.80%

7.86%

+3.94%

Volatility (1Y)

Calculated over the trailing 1-year period

13.99%

9.71%

+4.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.25%

13.92%

+2.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.07%

17.56%

-0.49%

ACWI vs. PID - Expense Ratio Comparison

ACWI has a 0.32% expense ratio, which is lower than PID's 0.56% expense ratio.

Dividends

ACWI vs. PID - Dividend Comparison

ACWI's dividend yield for the trailing twelve months is around 1.40%, less than PID's 3.48% 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%
PID
Invesco International Dividend Achievers™ ETF		3.48%3.28%3.88%3.31%3.30%3.30%3.16%3.99%3.87%3.46%3.90%4.48%

Frequently Asked Questions

ACWI and PID have a correlation of 0.50, 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 PID (2.57%). In terms of maximum drawdown, ACWI dropped -56.00% vs PID's -66.34%.

On 10-year performance, ACWI leads with 12.69% vs 8.82% for PID. On fees, ACWI is cheaper at 0.32% per year. On volatility, PID has been the lower-risk option at 2.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, ACWI has performed better with a 12.69% return vs 8.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ACWI is cheaper with a 0.32% expense ratio, compared with 0.56% for PID.

PID has the higher dividend yield at 3.48%, compared with 1.40% for ACWI.

ACWI tracks MSCI All Country World Index, while PID tracks Nasdaq International Dividend Achievers (NR). They also come from different issuers: iShares and Invesco. Their fees differ too: 0.32% for ACWI and 0.56% for PID.

ACWI currently has the higher Sharpe Ratio (1.83 vs 1.57), 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

Find the right allocation for ACWI and PID

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