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ACWU.L vs. VOO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ACWU.L vs. VOO

Last updated Jun 5, 2026

ACWU.L (Lyxor MSCI All Country World UCITS C-USD) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - ACWU.L is a Global Equities fund tracking the MSCI ACWI NR USD, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, ACWU.L returned 12.61%/yr vs 15.55%/yr for VOO. At a 0.34 correlation, their price movements are largely independent. ACWU.L charges 0.45%/yr vs 0.03%/yr for VOO.

Performance

ACWU.L vs. VOO - 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 Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with ACWU.L having a 11.52% return and VOO slightly lower at 11.34%. Over the past 10 years, ACWU.L has underperformed VOO with an annualized return of 12.61%, while VOO has yielded a comparatively higher 15.55% annualized 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%

VOO

1D
0.39%
1M
4.62%
YTD
11.34%
6M
11.27%
1Y
28.62%
3Y*
22.68%
5Y*
13.98%
10Y*
15.55%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ACWU.L vs. VOO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ACWU.L
Lyxor MSCI All Country World UCITS C-USD		11.52%22.66%17.03%21.98%-18.69%19.16%16.15%26.85%-10.03%23.31%
VOO
Vanguard S&P 500 ETF		11.34%17.82%24.98%26.32%-18.17%28.79%18.32%31.37%-4.50%21.77%

Correlation

The correlation between ACWU.L and VOO is 0.69, 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

0.69

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

0.50

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

0.39

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

0.35

Correlation (All Time)
Calculated using the full available price history since Nov 21, 2014

0.34

Over the past year, ACWU.L and VOO have become more correlated (0.69) than their long-term average of 0.34, meaning their price movements have been converging.

ACWU.L vs. VOO - Sectors Allocation Comparison

Sectors
ACWU.L
VOO

Technology

29.3%
35.7%

Financial Services

16.2%
11.6%

Industrials

10.9%
8.3%

Consumer Cyclical

9.3%
10.2%

Communication Services

9.0%
11.3%

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%
2.4%

Real Estate

1.8%
1.9%

Technology

ACWU.L
29.3%
VOO
35.7%

Financial Services

ACWU.L
16.2%
VOO
11.6%

Industrials

ACWU.L
10.9%
VOO
8.3%

Consumer Cyclical

ACWU.L
9.3%
VOO
10.2%

Communication Services

ACWU.L
9.0%
VOO
11.3%

Healthcare

ACWU.L
8.1%
VOO
8.5%

Consumer Defensive

ACWU.L
5.0%
VOO
4.9%

Energy

ACWU.L
4.2%
VOO
3.5%

Basic Materials

ACWU.L
3.7%
VOO
1.8%

Utilities

ACWU.L
2.6%
VOO
2.4%

Real Estate

ACWU.L
1.8%
VOO
1.9%

Compare stocks, funds, or ETFs

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Lyxor MSCI All Country World UCITS C-USD

Vanguard S&P 500 ETF

Often compared with ACWU.L:
ACWU.L vs. SCHDACWU.L vs. ACWIACWU.L vs. ACWI.LACWU.L vs. ACWL.LACWU.L vs. FTECACWU.L vs. VTIACWU.L vs. ^GSPC
Often compared with VOO:
VOO vs. VTIVOO vs. QQQVOO vs. SCHDVOO vs. VTVOO vs. SPYVOO vs. FXAIXVOO vs. IVV

Return for Risk

ACWU.L vs. VOO — 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: 7171
Overall Rank
ACWU.L Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
ACWU.L Sortino Ratio Rank: 7575
Sortino Ratio Rank
ACWU.L Omega Ratio Rank: 7272
Omega Ratio Rank
ACWU.L Calmar Ratio Rank: 6464
Calmar Ratio Rank
ACWU.L Martin Ratio Rank: 7272
Martin Ratio Rank
VOO
VOO Risk / Return Rank: 7474
Overall Rank
VOO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
VOO Sortino Ratio Rank: 7575
Sortino Ratio Rank
VOO Omega Ratio Rank: 7575
Omega Ratio Rank
VOO Calmar Ratio Rank: 6666
Calmar Ratio Rank
VOO Martin Ratio Rank: 7878
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.

ACWU.L vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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.LVOODifference
Sharpe ratioReturn per unit of total volatility
2.27
2.44

-0.17

Sortino ratioReturn per unit of downside risk
3.32
3.31

+0.01

Omega ratioGain probability vs. loss probability

1.42

1.44

-0.02

Calmar ratioReturn relative to maximum drawdown

3.16

3.23

-0.07

Martin ratioReturn relative to average drawdown

13.36

15.03

-1.68

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. VOO - Sharpe Ratio Comparison

The current ACWU.L Sharpe Ratio is 2.27, which is comparable to the VOO Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of ACWU.L and VOO, 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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Sharpe Ratios by Period

ACWU.LVOODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.27

2.44

-0.17

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.85

0.84

+0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.04

0.87

+0.17

Sharpe Ratio (All Time)

Calculated using the full available price history

0.90

0.89

+0.01

Drawdowns

ACWU.L vs. VOO - Drawdown Comparison

The maximum ACWU.L drawdown since its inception was -33.80%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ACWU.L and VOO.

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Drawdown Indicators

ACWU.LVOODifference

Max Drawdown

Largest peak-to-trough decline

-33.80%

-33.99%

+0.19%

Max Drawdown (1Y)

Largest decline over 1 year

-8.94%

-8.90%

-0.04%

Max Drawdown (3Y)

Largest decline over 3 years

-17.17%

-18.69%

+1.52%

Max Drawdown (5Y)

Largest decline over 5 years

-26.08%

-24.52%

-1.56%

Max Drawdown (10Y)

Largest decline over 10 years

-33.80%

-33.99%

+0.19%

Current Drawdown

Current decline from peak

-0.80%

-0.32%

-0.48%

Average Drawdown

Average peak-to-trough decline

-4.78%

-3.69%

-1.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.12%

1.91%

+0.21%

Volatility

ACWU.L vs. VOO - Volatility Comparison

Lyxor MSCI All Country World UCITS C-USD (ACWU.L) has a higher volatility of 3.88% compared to Vanguard S&P 500 ETF (VOO) at 2.78%. This indicates that ACWU.L's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ACWU.LVOODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.88%

2.78%

+1.10%

Volatility (6M)

Calculated over the trailing 6-month period

9.82%

8.90%

+0.92%

Volatility (1Y)

Calculated over the trailing 1-year period

12.45%

11.80%

+0.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.17%

16.81%

+2.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.45%

18.00%

+3.45%

ACWU.L vs. VOO - Expense Ratio Comparison

ACWU.L has a 0.45% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

ACWU.L vs. VOO - Dividend Comparison

ACWU.L has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.02%.

PositionTTM20252024202320222021202020192018201720162015
ACWU.L
Lyxor MSCI All Country World UCITS C-USD		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VOO
Vanguard S&P 500 ETF		1.02%1.13%1.24%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%

Frequently Asked Questions

ACWU.L and VOO have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VOO is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VOO is cheaper with a 0.03% expense ratio, compared with 0.45% for ACWU.L.

ACWU.L is categorized as Global Equities, while VOO is S&P 500. ACWU.L tracks MSCI ACWI NR USD, while VOO tracks S&P 500 Index. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.45% for ACWU.L and 0.03% for VOO.

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