ACWV vs. FXAIX
Compare and contrast key facts about iShares MSCI Global Min Vol Factor ETF (ACWV) and Fidelity 500 Index Fund (FXAIX).
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. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ACWV or FXAIX.
Key characteristics
| ACWV | FXAIX | |
|---|---|---|
| YTD Return | 2.55% | 6.64% |
| 1Y Return | 6.48% | 25.73% |
| 3Y Return (Ann) | 2.52% | 8.17% |
| 5Y Return (Ann) | 4.96% | 13.34% |
| 10Y Return (Ann) | 7.03% | 12.54% |
| Sharpe Ratio | 0.83 | 2.13 |
| Daily Std Dev | 7.67% | 11.67% |
| Max Drawdown | -28.82% | -33.79% |
| Current Drawdown | -2.31% | -3.54% |
Correlation
The correlation between ACWV and FXAIX is 0.82, 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.
Performance
ACWV vs. FXAIX - Performance Comparison
In the year-to-date period, ACWV achieves a 2.55% return, which is significantly lower than FXAIX's 6.64% return. Over the past 10 years, ACWV has underperformed FXAIX with an annualized return of 7.03%, while FXAIX has yielded a comparatively higher 12.54% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ACWV vs. FXAIX - Expense Ratio Comparison
ACWV has a 0.20% expense ratio, which is higher than FXAIX's 0.02% 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%.
Risk-Adjusted Performance
ACWV vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Min Vol Factor ETF (ACWV) and Fidelity 500 Index Fund (FXAIX). 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.
Dividends
ACWV vs. FXAIX - Dividend Comparison
ACWV's dividend yield for the trailing twelve months is around 2.35%, more than FXAIX's 1.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWV iShares MSCI Global Min Vol Factor ETF | 2.35% | 2.41% | 2.18% | 1.92% | 1.77% | 2.54% | 2.32% | 2.04% | 2.56% | 2.28% | 2.22% | 2.47% |
FXAIX Fidelity 500 Index Fund | 1.37% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
ACWV vs. FXAIX - Drawdown Comparison
The maximum ACWV drawdown since its inception was -28.82%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for ACWV and FXAIX. For additional features, visit the drawdowns tool.
Volatility
ACWV vs. FXAIX - Volatility Comparison
The current volatility for iShares MSCI Global Min Vol Factor ETF (ACWV) is 2.40%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 4.04%. This indicates that ACWV experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.