ACWU.L vs. SPYI

Last updated Jun 5, 2026

ACWU.L (Lyxor MSCI All Country World UCITS C-USD) and SPYI (NEOS S&P 500 High Income ETF) are both exchange-traded funds - ACWU.L is a Global Equities fund tracking the MSCI ACWI NR USD, while SPYI is a Derivative Income fund actively managed by Neos. ACWU.L is passively managed, while SPYI is actively managed. Over the past 3 years, ACWU.L returned 20.98%/yr vs 16.57%/yr for SPYI. At a 0.44 correlation, their price movements are largely independent. ACWU.L charges 0.45%/yr vs 0.68%/yr for SPYI.

Performance

ACWU.L vs. SPYI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lyxor MSCI All Country World UCITS C-USD (ACWU.L) and NEOS S&P 500 High Income ETF (SPYI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACWU.L achieves a 11.52% return, which is significantly higher than SPYI's 8.08% return.

ACWU.L

• 1D: -0.20%
• 1M: 4.16%
• YTD: 11.52%
• 6M: 12.86%
• 1Y: 28.39%
• 3Y*: 20.98%
• 5Y*: 11.12%
• 10Y*: 12.61%

SPYI

• 1D: 0.33%
• 1M: 3.47%
• YTD: 8.08%
• 6M: 8.61%
• 1Y: 23.19%
• 3Y*: 16.57%
• 5Y*: —
• 10Y*: —

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

ACWU.L vs. SPYI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ACWU.L Lyxor MSCI All Country World UCITS C-USD	11.52%	22.66%	17.03%	21.98%	-4.56%
SPYI NEOS S&P 500 High Income ETF	8.08%	16.67%	19.03%	18.09%	-2.44%

Correlation

The correlation between ACWU.L and SPYI is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (All Time) Calculated using the full available price history since Aug 31, 2022	0.44

Over the past year, ACWU.L and SPYI have become more correlated (0.68) than their long-term average of 0.44, meaning their price movements have been converging.

ACWU.L vs. SPYI - Sectors Allocation Comparison

Sectors	ACWU.L	SPYI
Technology	29.3%	35.5%
Financial Services	16.2%	11.8%
Industrials	10.9%	8.4%
Consumer Cyclical	9.3%	10.1%
Communication Services	9.0%	11.2%
Healthcare	8.1%	8.5%
Consumer Defensive	5.0%	4.9%
Energy	4.2%	3.5%
Basic Materials	3.7%	1.8%
Utilities	2.6%	2.3%
Real Estate	1.8%	2.0%

Return for Risk

ACWU.L vs. SPYI — Risk / Return Rank

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

ACWU.L

ACWU.L Risk / Return Rank: 71
ACWU.L Sharpe Ratio Rank: 70
ACWU.L Sortino Ratio Rank: 75
ACWU.L Omega Ratio Rank: 72
ACWU.L Calmar Ratio Rank: 64
ACWU.L Martin Ratio Rank: 72

SPYI

SPYI Risk / Return Rank: 75
SPYI Sharpe Ratio Rank: 76
SPYI Sortino Ratio Rank: 75
SPYI Omega Ratio Rank: 80
SPYI Calmar Ratio Rank: 62
SPYI Martin Ratio Rank: 81

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.

ACWU.L vs. SPYI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI All Country World UCITS C-USD (ACWU.L) and NEOS S&P 500 High Income ETF (SPYI). 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.

	ACWU.L	SPYI	Difference
Sharpe ratio: Return per unit of total volatility	2.27	2.42	-0.15
Sortino ratio: Return per unit of downside risk	3.32	3.32	+0.01
Omega ratio: Gain probability vs. loss probability	1.42	1.47	-0.05
Calmar ratio: Return relative to maximum drawdown	3.16	3.02	+0.14
Martin ratio: Return relative to average drawdown	13.36	15.73	-2.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ACWU.L vs. SPYI - Sharpe Ratio Comparison

The current ACWU.L Sharpe Ratio is 2.27, which is comparable to the SPYI Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of ACWU.L and SPYI, 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

	ACWU.L	SPYI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.27	2.42	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	1.22	-0.32

Drawdowns

ACWU.L vs. SPYI - Drawdown Comparison

The maximum ACWU.L drawdown since its inception was -33.80%, which is greater than SPYI's maximum drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for ACWU.L and SPYI.

Drawdown Indicators

	ACWU.L	SPYI	Difference
Max Drawdown Largest peak-to-trough decline	-33.80%	-16.47%	-17.33%
Max Drawdown (1Y) Largest decline over 1 year	-8.94%	-7.72%	-1.22%
Max Drawdown (3Y) Largest decline over 3 years	-17.17%	-16.47%	-0.70%
Max Drawdown (5Y) Largest decline over 5 years	-26.08%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.80%	—	—
Current Drawdown Current decline from peak	-0.80%	-0.17%	-0.63%
Average Drawdown Average peak-to-trough decline	-4.78%	-1.80%	-2.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	1.48%	+0.64%

Volatility

ACWU.L vs. SPYI - Volatility Comparison

Lyxor MSCI All Country World UCITS C-USD (ACWU.L) has a higher volatility of 3.88% compared to NEOS S&P 500 High Income ETF (SPYI) at 1.78%. This indicates that ACWU.L's price experiences larger fluctuations and is considered to be riskier than SPYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACWU.L	SPYI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	1.78%	+2.10%
Volatility (6M) Calculated over the trailing 6-month period	9.82%	7.42%	+2.40%
Volatility (1Y) Calculated over the trailing 1-year period	12.45%	9.62%	+2.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.17%	12.91%	+6.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.45%	12.91%	+8.54%

ACWU.L vs. SPYI - Expense Ratio Comparison

ACWU.L has a 0.45% expense ratio, which is lower than SPYI's 0.68% expense ratio.

Dividends

ACWU.L vs. SPYI - Dividend Comparison

ACWU.L has not paid dividends to shareholders, while SPYI's dividend yield for the trailing twelve months is around 11.60%.

Position	TTM	2025	2024	2023	2022
ACWU.L Lyxor MSCI All Country World UCITS C-USD	0.00%	0.00%	0.00%	0.00%	0.00%
SPYI NEOS S&P 500 High Income ETF	11.60%	11.70%	12.04%	12.01%	4.10%

Frequently Asked Questions

Can I hold both ACWU.L and SPYI in my portfolio?

ACWU.L and SPYI have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ACWU.L or SPYI?

On fees, ACWU.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ACWU.L or SPYI?

ACWU.L is cheaper with a 0.45% expense ratio, compared with 0.68% for SPYI.

What is the main difference between ACWU.L and SPYI?

ACWU.L is categorized as Global Equities, while SPYI is Derivative Income. They also come from different issuers: Amundi and Neos. Their fees differ too: 0.45% for ACWU.L and 0.68% for SPYI.