ACWI vs. VEA
Compare and contrast key facts about iShares MSCI ACWI ETF (ACWI) and Vanguard FTSE Developed Markets ETF (VEA).
ACWI and VEA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ACWI is a passively managed fund by iShares that tracks the performance of the MSCI All Country World Index. It was launched on Mar 26, 2008. VEA is a passively managed fund by Vanguard that tracks the performance of the MSCI EAFE Index. It was launched on Jul 20, 2007. Both ACWI and VEA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ACWI or VEA.
Performance
ACWI vs. VEA - Performance Comparison
Returns By Period
In the year-to-date period, ACWI achieves a 18.47% return, which is significantly higher than VEA's 4.47% return. Over the past 10 years, ACWI has outperformed VEA with an annualized return of 9.24%, while VEA has yielded a comparatively lower 5.25% annualized return.
ACWI
18.47%
-0.42%
7.92%
25.00%
11.21%
9.24%
VEA
4.47%
-4.06%
-1.59%
11.38%
5.86%
5.25%
Key characteristics
| ACWI | VEA | |
|---|---|---|
| Sharpe Ratio | 2.14 | 0.86 |
| Sortino Ratio | 2.94 | 1.25 |
| Omega Ratio | 1.38 | 1.15 |
| Calmar Ratio | 3.05 | 1.25 |
| Martin Ratio | 13.63 | 4.05 |
| Ulcer Index | 1.81% | 2.70% |
| Daily Std Dev | 11.55% | 12.79% |
| Max Drawdown | -56.00% | -60.70% |
| Current Drawdown | -1.69% | -7.78% |
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ACWI vs. VEA - Expense Ratio Comparison
ACWI has a 0.32% expense ratio, which is higher than VEA's 0.05% expense ratio.
Correlation
The correlation between ACWI and VEA is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
ACWI vs. VEA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI ETF (ACWI) and Vanguard FTSE Developed Markets ETF (VEA). 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.
Dividends
ACWI vs. VEA - Dividend Comparison
ACWI's dividend yield for the trailing twelve months is around 1.59%, less than VEA's 3.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWI iShares MSCI ACWI ETF | 1.59% | 1.88% | 1.79% | 1.71% | 1.43% | 2.33% | 2.25% | 1.94% | 2.19% | 2.56% | 2.26% | 1.89% |
VEA Vanguard FTSE Developed Markets ETF | 3.06% | 3.16% | 2.91% | 3.16% | 2.04% | 3.04% | 3.35% | 2.77% | 3.05% | 2.92% | 3.68% | 2.60% |
Drawdowns
ACWI vs. VEA - Drawdown Comparison
The maximum ACWI drawdown since its inception was -56.00%, smaller than the maximum VEA drawdown of -60.70%. Use the drawdown chart below to compare losses from any high point for ACWI and VEA. For additional features, visit the drawdowns tool.
Volatility
ACWI vs. VEA - Volatility Comparison
The current volatility for iShares MSCI ACWI ETF (ACWI) is 3.22%, while Vanguard FTSE Developed Markets ETF (VEA) has a volatility of 3.61%. This indicates that ACWI experiences smaller price fluctuations and is considered to be less risky than VEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.