ACWV vs. FTBFX
ACWV (iShares MSCI Global Min Vol Factor ETF) and FTBFX (Fidelity Total Bond Fund) are both funds - ACWV is a Large Cap Blend Equities fund tracking the MSCI AC World Minimum Volatility (USD), while FTBFX is a Intermediate Core-Plus Bond fund actively managed by Fidelity. ACWV is passively managed, while FTBFX is actively managed. Over the past 10 years, ACWV returned 7.36%/yr vs 2.47%/yr for FTBFX. At a 0.09 correlation, their price movements are largely independent. ACWV charges 0.20%/yr vs 0.45%/yr for FTBFX.
Performance
ACWV vs. FTBFX - Performance Comparison
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Returns By Period
In the year-to-date period, ACWV achieves a 2.36% return, which is significantly higher than FTBFX's 0.57% return. Over the past 10 years, ACWV has outperformed FTBFX with an annualized return of 7.36%, while FTBFX has yielded a comparatively lower 2.47% annualized return.
ACWV
- 1D
- -0.62%
- 1M
- 1.01%
- YTD
- 2.36%
- 6M
- 2.56%
- 1Y
- 4.79%
- 3Y*
- 10.06%
- 5Y*
- 5.47%
- 10Y*
- 7.36%
FTBFX
- 1D
- 0.00%
- 1M
- 0.47%
- YTD
- 0.57%
- 6M
- 0.40%
- 1Y
- 5.75%
- 3Y*
- 4.84%
- 5Y*
- 0.76%
- 10Y*
- 2.47%
ACWV vs. FTBFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ACWV iShares MSCI Global Min Vol Factor ETF | 2.36% | 11.04% | 11.38% | 8.23% | -10.36% | 13.97% | 3.04% | 21.04% | -1.42% | 18.57% |
FTBFX Fidelity Total Bond Fund | 0.57% | 7.50% | 2.13% | 7.25% | -13.58% | -0.44% | 9.34% | 9.89% | -0.66% | 4.19% |
Correlation
The correlation between ACWV and FTBFX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2011 | 0.09 |
Over the past year, ACWV and FTBFX have become more correlated (0.37) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
ACWV vs. FTBFX — Risk / Return Rank
ACWV
FTBFX
ACWV vs. FTBFX - 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 Total Bond Fund (FTBFX). 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 | FTBFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.27 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 1.99 | -1.24 |
| Martin ratioReturn relative to average drawdown | 2.37 | 6.10 | -3.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ACWV | FTBFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 1.49 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.13 | +0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.52 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.93 | -0.22 |
Drawdowns
ACWV vs. FTBFX - Drawdown Comparison
The maximum ACWV drawdown since its inception was -28.82%, which is greater than FTBFX's maximum drawdown of -18.25%. Use the drawdown chart below to compare losses from any high point for ACWV and FTBFX.
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Drawdown Indicators
| ACWV | FTBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.82% | -18.25% | -10.57% |
Max Drawdown (1Y)Largest decline over 1 year | -6.37% | -2.89% | -3.48% |
Max Drawdown (3Y)Largest decline over 3 years | -7.56% | -5.82% | -1.74% |
Max Drawdown (5Y)Largest decline over 5 years | -18.14% | -18.25% | +0.11% |
Max Drawdown (10Y)Largest decline over 10 years | -28.82% | -18.25% | -10.57% |
Current DrawdownCurrent decline from peak | -2.92% | -1.31% | -1.61% |
Average DrawdownAverage peak-to-trough decline | -3.11% | -2.32% | -0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 0.94% | +1.09% |
Volatility
ACWV vs. FTBFX - Volatility Comparison
iShares MSCI Global Min Vol Factor ETF (ACWV) has a higher volatility of 1.79% compared to Fidelity Total Bond Fund (FTBFX) at 1.40%. This indicates that ACWV's price experiences larger fluctuations and is considered to be riskier than FTBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACWV | FTBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 1.40% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 5.54% | 2.80% | +2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.71% | 3.88% | +3.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.23% | 5.67% | +4.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.30% | 4.73% | +7.57% |
ACWV vs. FTBFX - Expense Ratio Comparison
ACWV has a 0.20% expense ratio, which is lower than FTBFX's 0.45% expense ratio.
Dividends
ACWV vs. FTBFX - Dividend Comparison
ACWV's dividend yield for the trailing twelve months is around 2.04%, less than FTBFX's 4.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWV iShares MSCI Global Min Vol Factor ETF | 2.04% | 2.09% | 2.33% | 2.41% | 2.18% | 1.92% | 1.77% | 2.54% | 2.32% | 2.04% | 2.56% | 2.28% |
FTBFX Fidelity Total Bond Fund | 4.36% | 4.36% | 4.15% | 4.15% | 2.54% | 1.89% | 5.22% | 3.03% | 3.19% | 2.97% | 3.61% | 3.30% |
Frequently Asked Questions
ACWV and FTBFX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACWV has higher volatility (1.79%) compared to FTBFX (1.40%). In terms of maximum drawdown, ACWV dropped -28.82% vs FTBFX's -18.25%.
FTBFX currently has the higher Sharpe Ratio (1.49 vs 0.62), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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