ACWI vs. URNU.L

Last updated Jun 9, 2026

ACWI (iShares MSCI ACWI ETF) and URNU.L (Global X Uranium UCITS ETF USD Acc) are both exchange-traded funds - ACWI is a Global Equities fund tracking the MSCI All Country World Index, while URNU.L is a Commodity Producers Equities fund tracking the Solactive Global Uranium & Nuclear Components Total Return v2 Index. Both are passively managed. Over the past 3 years, ACWI returned 19.98%/yr vs 35.39%/yr for URNU.L. At a 0.43 correlation, their price movements are largely independent. ACWI charges 0.32%/yr vs 0.65%/yr for URNU.L.

Performance

ACWI vs. URNU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI ACWI ETF (ACWI) and Global X Uranium UCITS ETF USD Acc (URNU.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACWI achieves a 9.49% return, which is significantly higher than URNU.L's 8.71% return.

ACWI

• 1D: 0.34%
• 1M: -0.30%
• YTD: 9.49%
• 6M: 10.24%
• 1Y: 25.23%
• 3Y*: 19.98%
• 5Y*: 10.81%
• 10Y*: 12.71%

URNU.L

• 1D: -0.70%
• 1M: -17.50%
• YTD: 8.71%
• 6M: 0.53%
• 1Y: 48.14%
• 3Y*: 35.39%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ACWI vs. URNU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ACWI iShares MSCI ACWI ETF	9.49%	22.41%	17.45%	22.27%	1.84%
URNU.L Global X Uranium UCITS ETF USD Acc	8.71%	70.50%	1.19%	39.91%	3.95%

Correlation

The correlation between ACWI and URNU.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (All Time) Calculated using the full available price history since Jul 19, 2022	0.43

ACWI vs. URNU.L - Sectors Allocation Comparison

Sectors	ACWI	URNU.L
Technology	29.4%	0.9%
Financial Services	16.1%	-
Industrials	10.9%	25.4%
Consumer Cyclical	9.3%	-
Communication Services	9.0%	-
Healthcare	8.1%	-
Consumer Defensive	5.0%	-
Energy	4.2%	60.4%
Basic Materials	3.7%	4.3%
Utilities	2.6%	9.0%
Real Estate	1.8%	-

Return for Risk

ACWI vs. URNU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ACWI

ACWI Risk / Return Rank: 64
ACWI Sharpe Ratio Rank: 64
ACWI Sortino Ratio Rank: 63
ACWI Omega Ratio Rank: 65
ACWI Calmar Ratio Rank: 58
ACWI Martin Ratio Rank: 69

URNU.L

URNU.L Risk / Return Rank: 30
URNU.L Sharpe Ratio Rank: 28
URNU.L Sortino Ratio Rank: 32
URNU.L Omega Ratio Rank: 29
URNU.L Calmar Ratio Rank: 32
URNU.L Martin Ratio Rank: 27

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. URNU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI ETF (ACWI) and Global X Uranium UCITS ETF USD Acc (URNU.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.

	ACWI	URNU.L	Difference
Sharpe ratio: Return per unit of total volatility	1.93	0.94	+0.99
Sortino ratio: Return per unit of downside risk	2.64	1.55	+1.09
Omega ratio: Gain probability vs. loss probability	1.35	1.18	+0.17
Calmar ratio: Return relative to maximum drawdown	2.61	1.45	+1.16
Martin ratio: Return relative to average drawdown	11.58	3.47	+8.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ACWI vs. URNU.L - Sharpe Ratio Comparison

The current ACWI Sharpe Ratio is 1.93, which is higher than the URNU.L Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of ACWI and URNU.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.

Sharpe Ratios by Period

	ACWI	URNU.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.93	0.94	+0.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.74	-0.32

Drawdowns

ACWI vs. URNU.L - Drawdown Comparison

The maximum ACWI drawdown since its inception was -56.00%, which is greater than URNU.L's maximum drawdown of -38.66%. Use the drawdown chart below to compare losses from any high point for ACWI and URNU.L.

Drawdown Indicators

	ACWI	URNU.L	Difference
Max Drawdown Largest peak-to-trough decline	-56.00%	-38.66%	-17.34%
Max Drawdown (1Y) Largest decline over 1 year	-9.73%	-33.08%	+23.35%
Max Drawdown (3Y) Largest decline over 3 years	-16.55%	-38.66%	+22.11%
Max Drawdown (5Y) Largest decline over 5 years	-26.42%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.53%	—	—
Current Drawdown Current decline from peak	-3.16%	-22.80%	+19.64%
Average Drawdown Average peak-to-trough decline	-8.61%	-11.36%	+2.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	13.83%	-11.65%

Volatility

ACWI vs. URNU.L - Volatility Comparison

The current volatility for iShares MSCI ACWI ETF (ACWI) is 4.50%, while Global X Uranium UCITS ETF USD Acc (URNU.L) has a volatility of 16.01%. This indicates that ACWI experiences smaller price fluctuations and is considered to be less risky than URNU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACWI	URNU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.50%	16.01%	-11.51%
Volatility (6M) Calculated over the trailing 6-month period	10.76%	36.13%	-25.37%
Volatility (1Y) Calculated over the trailing 1-year period	13.16%	50.94%	-37.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.11%	41.21%	-25.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.14%	41.21%	-24.07%

ACWI vs. URNU.L - Expense Ratio Comparison

ACWI has a 0.32% expense ratio, which is lower than URNU.L's 0.65% expense ratio.

Dividends

ACWI vs. URNU.L - Dividend Comparison

ACWI's dividend yield for the trailing twelve months is around 1.42%, while URNU.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACWI iShares MSCI ACWI ETF	1.42%	1.55%	1.70%	1.88%	1.79%	1.71%	1.43%	2.33%	2.18%	1.94%	2.19%	2.56%
URNU.L Global X Uranium UCITS ETF USD Acc	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

Can I hold both ACWI and URNU.L in my portfolio?

ACWI and URNU.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ACWI or URNU.L?

On fees, ACWI is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ACWI or URNU.L?

ACWI is cheaper with a 0.32% expense ratio, compared with 0.65% for URNU.L.

What is the main difference between ACWI and URNU.L?

ACWI is categorized as Global Equities, while URNU.L is Commodity Producers Equities. ACWI tracks MSCI All Country World Index, while URNU.L tracks Solactive Global Uranium & Nuclear Components Total Return v2 Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.32% for ACWI and 0.65% for URNU.L.