ACWU.L vs. VUG

Last updated Jun 5, 2026

ACWU.L (Lyxor MSCI All Country World UCITS C-USD) and VUG (Vanguard Growth ETF) are both exchange-traded funds - ACWU.L is a Global Equities fund tracking the MSCI ACWI NR USD, while VUG is a Large Cap Growth Equities fund tracking the CRSP US Large Cap Growth Index. Both are passively managed. Over the past 10 years, ACWU.L returned 12.61%/yr vs 18.25%/yr for VUG. At a 0.32 correlation, their price movements are largely independent. ACWU.L charges 0.45%/yr vs 0.03%/yr for VUG.

Performance

ACWU.L vs. VUG - 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 Growth ETF (VUG). 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 VUG's 9.78% return. Over the past 10 years, ACWU.L has underperformed VUG with an annualized return of 12.61%, while VUG has yielded a comparatively higher 18.25% 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%

VUG

• 1D: 0.26%
• 1M: 5.75%
• YTD: 9.78%
• 6M: 8.99%
• 1Y: 27.72%
• 3Y*: 26.10%
• 5Y*: 15.17%
• 10Y*: 18.25%

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

ACWU.L vs. VUG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
VUG Vanguard Growth ETF	9.78%	19.40%	32.69%	46.83%	-33.16%	27.35%	40.25%	37.03%	-3.32%	27.72%

Correlation

The correlation between ACWU.L and VUG is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Nov 21, 2014	0.32

Over the past year, ACWU.L and VUG have become more correlated (0.66) than their long-term average of 0.32, meaning their price movements have been converging.

ACWU.L vs. VUG - Sectors Allocation Comparison

Sectors	ACWU.L	VUG
Technology	29.3%	53.5%
Financial Services	16.2%	4.3%
Industrials	10.9%	3.6%
Consumer Cyclical	9.3%	12.2%
Communication Services	9.0%	17.3%
Healthcare	8.1%	4.6%
Consumer Defensive	5.0%	1.5%
Energy	4.2%	0.4%
Basic Materials	3.7%	0.6%
Utilities	2.6%	0.9%
Real Estate	1.8%	1.0%

Return for Risk

ACWU.L vs. VUG — 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

VUG

VUG Risk / Return Rank: 45
VUG Sharpe Ratio Rank: 52
VUG Sortino Ratio Rank: 50
VUG Omega Ratio Rank: 50
VUG Calmar Ratio Rank: 35
VUG Martin Ratio Rank: 39

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. VUG - 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 Growth ETF (VUG). 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	VUG	Difference
Sharpe ratio: Return per unit of total volatility	2.27	1.76	+0.51
Sortino ratio: Return per unit of downside risk	3.32	2.39	+0.93
Omega ratio: Gain probability vs. loss probability	1.42	1.31	+0.11
Calmar ratio: Return relative to maximum drawdown	3.16	1.68	+1.48
Martin ratio: Return relative to average drawdown	13.36	5.90	+7.46
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. VUG - Sharpe Ratio Comparison

The current ACWU.L Sharpe Ratio is 2.27, which is comparable to the VUG Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of ACWU.L and VUG, 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	VUG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.27	1.76	+0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	0.69	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.04	0.85	+0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.62	+0.28

Drawdowns

ACWU.L vs. VUG - Drawdown Comparison

The maximum ACWU.L drawdown since its inception was -33.80%, smaller than the maximum VUG drawdown of -50.68%. Use the drawdown chart below to compare losses from any high point for ACWU.L and VUG.

Drawdown Indicators

	ACWU.L	VUG	Difference
Max Drawdown Largest peak-to-trough decline	-33.80%	-50.68%	+16.88%
Max Drawdown (1Y) Largest decline over 1 year	-8.94%	-16.53%	+7.59%
Max Drawdown (3Y) Largest decline over 3 years	-17.17%	-22.85%	+5.68%
Max Drawdown (5Y) Largest decline over 5 years	-26.08%	-35.61%	+9.53%
Max Drawdown (10Y) Largest decline over 10 years	-33.80%	-35.61%	+1.81%
Current Drawdown Current decline from peak	-0.80%	-1.25%	+0.45%
Average Drawdown Average peak-to-trough decline	-4.78%	-7.09%	+2.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	4.71%	-2.59%

Volatility

ACWU.L vs. VUG - Volatility Comparison

Lyxor MSCI All Country World UCITS C-USD (ACWU.L) and Vanguard Growth ETF (VUG) have volatilities of 3.88% and 3.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACWU.L	VUG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	3.81%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	9.82%	12.11%	-2.29%
Volatility (1Y) Calculated over the trailing 1-year period	12.45%	15.83%	-3.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.17%	22.21%	-3.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.45%	21.44%	+0.01%

ACWU.L vs. VUG - Expense Ratio Comparison

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

Dividends

ACWU.L vs. VUG - Dividend Comparison

ACWU.L has not paid dividends to shareholders, while VUG's dividend yield for the trailing twelve months is around 0.37%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VUG Vanguard Growth ETF	0.37%	0.41%	0.47%	0.58%	0.70%	0.48%	0.66%	0.95%	1.32%	1.14%	1.39%	1.30%

Frequently Asked Questions

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

ACWU.L and VUG have a correlation of 0.66, 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 VUG?

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

Which ETF is cheaper, ACWU.L or VUG?

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

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

ACWU.L is categorized as Global Equities, while VUG is Large Cap Growth Equities. ACWU.L tracks MSCI ACWI NR USD, while VUG tracks CRSP US Large Cap Growth Index. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.45% for ACWU.L and 0.03% for VUG.