ACWV vs. FYLD

Last updated Jul 15, 2026

ACWV (iShares MSCI Global Min Vol Factor ETF) and FYLD (Cambria Foreign Shareholder Yield ETF) are both Global Equities funds. ACWV is passively managed, while FYLD is actively managed. Over the past 10 years, ACWV returned 6.98%/yr vs 11.48%/yr for FYLD. A 0.64 correlation means they provide meaningful diversification when combined. ACWV charges 0.20%/yr vs 0.59%/yr for FYLD.

Performance

ACWV vs. FYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Global Min Vol Factor ETF (ACWV) and Cambria Foreign Shareholder Yield ETF (FYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACWV achieves a 3.42% return, which is significantly lower than FYLD's 17.96% return. Over the past 10 years, ACWV has underperformed FYLD with an annualized return of 6.98%, while FYLD has yielded a comparatively higher 11.48% annualized return.

ACWV

• 1D: -0.39%
• 1M: 0.53%
• 6M: 2.85%
• YTD: 3.42%
• 1Y: 5.53%
• 3Y*: 9.73%
• 5Y*: 5.39%
• 10Y*: 6.98%

FYLD

• 1D: 1.32%
• 1M: -1.67%
• 6M: 14.71%
• YTD: 17.96%
• 1Y: 32.54%
• 3Y*: 20.34%
• 5Y*: 12.13%
• 10Y*: 11.48%

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

ACWV vs. FYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ACWV iShares MSCI Global Min Vol Factor ETF	3.42%	11.04%	11.38%	8.23%	-10.36%	13.97%	3.04%	21.04%	-1.42%	18.57%
FYLD Cambria Foreign Shareholder Yield ETF	17.96%	34.53%	3.00%	13.18%	-5.53%	18.67%	4.17%	17.83%	-14.47%	29.81%

Correlation

The correlation between ACWV and FYLD is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Dec 3, 2013	0.64

The correlation between ACWV and FYLD shifts across timeframes, from 0.54 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.

ACWV vs. FYLD - Sectors Allocation Comparison

Sectors	ACWV	FYLD
Technology	25.8%	3.0%
Financial Services	13.2%	22.3%
Healthcare	13.0%	-
Communication Services	11.9%	5.0%
Consumer Defensive	9.8%	7.9%
Industrials	8.1%	13.7%
Utilities	7.3%	4.0%
Consumer Cyclical	5.1%	11.8%
Energy	3.7%	23.6%
Basic Materials	1.5%	7.9%
Real Estate	0.6%	-

Return for Risk

ACWV vs. FYLD — Risk / Return Rank

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

ACWV

ACWV Risk / Return Rank: 23
ACWV Sharpe Ratio Rank: 24
ACWV Sortino Ratio Rank: 22
ACWV Omega Ratio Rank: 21
ACWV Calmar Ratio Rank: 23
ACWV Martin Ratio Rank: 24

FYLD

FYLD Risk / Return Rank: 93
FYLD Sharpe Ratio Rank: 94
FYLD Sortino Ratio Rank: 93
FYLD Omega Ratio Rank: 91
FYLD Calmar Ratio Rank: 94
FYLD Martin Ratio Rank: 92

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. FYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Min Vol Factor ETF (ACWV) and Cambria Foreign Shareholder Yield ETF (FYLD). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ACWV	FYLD	Difference
Sharpe ratio: Return per unit of total volatility	0.69	2.69	-2.00
Sortino ratio: Return per unit of downside risk	1.03	3.73	-2.70
Omega ratio: Gain probability vs. loss probability	1.13	1.47	-0.34
Calmar ratio: Return relative to maximum drawdown	0.87	5.77	-4.89
Martin ratio: Return relative to average drawdown	2.49	17.29	-14.79

ACWV vs. FYLD - Sharpe Ratio Comparison

The current ACWV Sharpe Ratio is 0.69, which is lower than the FYLD Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of ACWV and FYLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ACWV vs. FYLD - Drawdown Comparison

The maximum ACWV drawdown since its inception was -28.82%, smaller than the maximum FYLD drawdown of -44.55%. Use the drawdown chart below to compare losses from any high point for ACWV and FYLD.

Drawdown Indicators

	ACWV	FYLD	Difference
Max Drawdown Largest peak-to-trough decline	-28.82%	-44.55%	+15.73%
Max Drawdown (1Y) Largest decline over 1 year	-6.37%	-5.67%	-0.70%
Max Drawdown (3Y) Largest decline over 3 years	-7.56%	-15.15%	+7.59%
Max Drawdown (5Y) Largest decline over 5 years	-18.14%	-25.12%	+6.98%
Max Drawdown (10Y) Largest decline over 10 years	-28.82%	-44.55%	+15.73%
Current Drawdown Current decline from peak	-1.91%	-1.99%	+0.08%
Average Drawdown Average peak-to-trough decline	-3.11%	-8.78%	+5.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	1.89%	+0.33%

Volatility

ACWV vs. FYLD - Volatility Comparison

The current volatility for iShares MSCI Global Min Vol Factor ETF (ACWV) is 3.15%, while Cambria Foreign Shareholder Yield ETF (FYLD) has a volatility of 3.80%. This indicates that ACWV experiences smaller price fluctuations and is considered to be less risky than FYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACWV	FYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.15%	3.80%	-0.65%
Volatility (6M) Calculated over the trailing 6-month period	6.25%	9.64%	-3.39%
Volatility (1Y) Calculated over the trailing 1-year period	8.06%	12.16%	-4.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.27%	16.25%	-5.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.29%	17.74%	-5.45%

ACWV vs. FYLD - Expense Ratio Comparison

ACWV has a 0.20% expense ratio, which is lower than FYLD's 0.59% expense ratio.

Dividends

ACWV vs. FYLD - Dividend Comparison

ACWV's dividend yield for the trailing twelve months is around 1.94%, less than FYLD's 3.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACWV iShares MSCI Global Min Vol Factor ETF	1.94%	2.09%	2.33%	2.41%	2.18%	1.92%	1.77%	2.54%	2.32%	2.04%	2.56%	2.28%
FYLD Cambria Foreign Shareholder Yield ETF	3.42%	4.07%	5.41%	6.06%	6.13%	4.74%	3.94%	3.73%	5.17%	2.85%	2.72%	3.98%

Frequently Asked Questions

Can I hold both ACWV and FYLD in my portfolio?

ACWV and FYLD have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ACWV or FYLD?

FYLD has higher volatility (3.80%) compared to ACWV (3.15%). In terms of maximum drawdown, ACWV dropped -28.82% vs FYLD's -44.55%.

Which ETF is better, ACWV or FYLD?

On 10-year performance, FYLD leads with 11.48% vs 6.98% for ACWV. On fees, ACWV is cheaper at 0.20% per year. On volatility, ACWV has been the lower-risk option at 3.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ACWV or FYLD?

Over the 10-year period, FYLD has performed better with a 11.48% return vs 6.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ACWV or FYLD?

ACWV is cheaper with a 0.20% expense ratio, compared with 0.59% for FYLD.

Which ETF pays a higher dividend yield, ACWV or FYLD?

FYLD has the higher dividend yield at 3.42%, compared with 1.94% for ACWV.

What is the main difference between ACWV and FYLD?

They also come from different issuers: iShares and Cambria. Their fees differ too: 0.20% for ACWV and 0.59% for FYLD.

Which has better risk-adjusted returns?

FYLD currently has the higher Sharpe Ratio (2.69 vs 0.69), 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.