ACWV vs. FSUVX

Last updated Apr 1, 2026

Compare and contrast key facts about iShares MSCI Global Min Vol Factor ETF (ACWV) and Fidelity SAI U.S. Low Volatility Index Fund (FSUVX).

ACWV is a passively managed fund by iShares that tracks the performance of the MSCI AC World Minimum Volatility (USD). It was launched on Oct 18, 2011. FSUVX is managed by Fidelity. It was launched on May 29, 2015.

Performance

ACWV vs. FSUVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Global Min Vol Factor ETF (ACWV) and Fidelity SAI U.S. Low Volatility Index Fund (FSUVX). The values are adjusted to include any dividend payments, if applicable.

ACWV vs. FSUVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ACWV iShares MSCI Global Min Vol Factor ETF	0.64%	11.04%	11.38%	8.23%	-10.36%	13.97%	3.04%	21.04%	-1.42%	18.57%
FSUVX Fidelity SAI U.S. Low Volatility Index Fund	-3.20%	11.03%	17.40%	14.80%	-10.93%	21.51%	9.86%	27.73%	1.35%	17.68%

Returns By Period

In the year-to-date period, ACWV achieves a 0.64% return, which is significantly higher than FSUVX's -3.20% return. Over the past 10 years, ACWV has underperformed FSUVX with an annualized return of 7.34%, while FSUVX has yielded a comparatively higher 10.55% annualized return.

ACWV

• 1D: 1.37%
• 1M: -4.54%
• YTD: 0.64%
• 6M: 0.74%
• 1Y: 4.86%
• 3Y*: 9.78%
• 5Y*: 6.10%
• 10Y*: 7.34%

FSUVX

• 1D: 0.23%
• 1M: -6.92%
• YTD: -3.20%
• 6M: -2.81%
• 1Y: 4.93%
• 3Y*: 12.10%
• 5Y*: 8.81%
• 10Y*: 10.55%

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

ACWV vs. FSUVX - Expense Ratio Comparison

ACWV has a 0.20% expense ratio, which is higher than FSUVX's 0.11% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

ACWV

iShares MSCI Global Min Vol Factor ETF

FSUVX

Fidelity SAI U.S. Low Volatility Index Fund

Return for Risk

ACWV vs. FSUVX — Risk / Return Rank

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

ACWV

ACWV Risk / Return Rank: 30
ACWV Sharpe Ratio Rank: 28
ACWV Sortino Ratio Rank: 26
ACWV Omega Ratio Rank: 27
ACWV Calmar Ratio Rank: 32
ACWV Martin Ratio Rank: 37

FSUVX

FSUVX Risk / Return Rank: 20
FSUVX Sharpe Ratio Rank: 18
FSUVX Sortino Ratio Rank: 18
FSUVX Omega Ratio Rank: 18
FSUVX Calmar Ratio Rank: 19
FSUVX Martin Ratio Rank: 24

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.

ACWV vs. FSUVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Min Vol Factor ETF (ACWV) and Fidelity SAI U.S. Low Volatility Index Fund (FSUVX). 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.

	ACWV	FSUVX	Difference
Sharpe ratio Return per unit of total volatility	0.45	0.47	-0.02
Sortino ratio Return per unit of downside risk	0.69	0.76	-0.07
Omega ratio Gain probability vs. loss probability	1.10	1.11	-0.01
Calmar ratio Return relative to maximum drawdown	0.73	0.55	+0.17
Martin ratio Return relative to average drawdown	3.16	2.57	+0.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ACWV vs. FSUVX - Sharpe Ratio Comparison

The current ACWV Sharpe Ratio is 0.45, which is comparable to the FSUVX Sharpe Ratio of 0.47. The chart below compares the historical Sharpe Ratios of ACWV and FSUVX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ACWV	FSUVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.45	0.47	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.68	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.70	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.71	-0.01

Correlation

The correlation between ACWV and FSUVX is 0.89, 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.

Dividends

ACWV vs. FSUVX - Dividend Comparison

ACWV's dividend yield for the trailing twelve months is around 2.07%, less than FSUVX's 4.60% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACWV iShares MSCI Global Min Vol Factor ETF	2.07%	2.09%	2.33%	2.41%	2.18%	1.92%	1.77%	2.54%	2.32%	2.04%	2.56%	2.28%
FSUVX Fidelity SAI U.S. Low Volatility Index Fund	4.60%	4.45%	2.25%	1.74%	4.12%	3.52%	1.31%	3.80%	2.63%	2.94%	2.23%	1.17%

Drawdowns

ACWV vs. FSUVX - Drawdown Comparison

The maximum ACWV drawdown since its inception was -28.82%, smaller than the maximum FSUVX drawdown of -32.41%. Use the drawdown chart below to compare losses from any high point for ACWV and FSUVX.

Drawdown Indicators

	ACWV	FSUVX	Difference
Max Drawdown Largest peak-to-trough decline	-28.82%	-32.41%	+3.59%
Max Drawdown (1Y) Largest decline over 1 year	-7.56%	-9.27%	+1.71%
Max Drawdown (5Y) Largest decline over 5 years	-18.14%	-19.48%	+1.34%
Max Drawdown (10Y) Largest decline over 10 years	-28.82%	-32.41%	+3.59%
Current Drawdown Current decline from peak	-4.54%	-7.07%	+2.53%
Average Drawdown Average peak-to-trough decline	-3.11%	-3.31%	+0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.73%	2.00%	-0.27%

Volatility

ACWV vs. FSUVX - Volatility Comparison

iShares MSCI Global Min Vol Factor ETF (ACWV) has a higher volatility of 3.24% compared to Fidelity SAI U.S. Low Volatility Index Fund (FSUVX) at 3.04%. This indicates that ACWV's price experiences larger fluctuations and is considered to be riskier than FSUVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACWV	FSUVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.24%	3.04%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	5.54%	6.22%	-0.68%
Volatility (1Y) Calculated over the trailing 1-year period	10.76%	12.86%	-2.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.25%	12.98%	-2.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.31%	15.17%	-2.86%