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ACWV vs. SVARX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ACWV vs. SVARX

Last updated Jun 4, 2026

ACWV (iShares MSCI Global Min Vol Factor ETF) and SVARX (Spectrum Low Volatility Fund) are both funds - ACWV is a Large Cap Blend Equities fund tracking the MSCI AC World Minimum Volatility (USD), while SVARX is a Nontraditional Bonds fund managed by Advisors Preferred. Over the past 10 years, ACWV returned 7.36%/yr vs 6.11%/yr for SVARX. At a 0.36 correlation, their price movements are largely independent. ACWV charges 0.20%/yr vs 2.34%/yr for SVARX.

Performance

ACWV vs. SVARX - Performance Comparison

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

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Returns By Period

In the year-to-date period, ACWV achieves a 2.36% return, which is significantly higher than SVARX's 1.52% return. Over the past 10 years, ACWV has outperformed SVARX with an annualized return of 7.36%, while SVARX has yielded a comparatively lower 6.11% 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%

SVARX

1D
0.08%
1M
0.88%
YTD
1.52%
6M
2.18%
1Y
6.13%
3Y*
6.93%
5Y*
3.29%
10Y*
6.11%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ACWV vs. SVARX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
SVARX
Spectrum Low Volatility Fund		1.52%6.22%2.60%9.67%-4.35%4.10%19.50%9.42%-0.99%8.25%

Correlation

The correlation between ACWV and SVARX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.40

Correlation (3Y)
Calculated over the trailing 3-year period

0.36

Correlation (5Y)
Calculated over the trailing 5-year period

0.37

Correlation (10Y)
Calculated over the trailing 10-year period

0.38

Correlation (All Time)
Calculated using the full available price history since Dec 18, 2013

0.36

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Global Min Vol Factor ETF

Spectrum Low Volatility Fund

Often compared with ACWV:
ACWV vs. USMVACWV vs. VTACWV vs. MVOL.LACWV vs. EFAVACWV vs. SPLVACWV vs. VOOACWV vs. XMW.TO
Often compared with SVARX:
SVARX vs. HFSAXSVARX vs. VMFXXSVARX vs. BILSVARX vs. VWNEXSVARX vs. VOOSVARX vs. AGZDSVARX vs. JPST

Return for Risk

ACWV vs. SVARX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ACWV
ACWV Risk / Return Rank: 1818
Overall Rank
ACWV Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
ACWV Sortino Ratio Rank: 1717
Sortino Ratio Rank
ACWV Omega Ratio Rank: 1717
Omega Ratio Rank
ACWV Calmar Ratio Rank: 1818
Calmar Ratio Rank
ACWV Martin Ratio Rank: 2020
Martin Ratio Rank
SVARX
SVARX Risk / Return Rank: 5353
Overall Rank
SVARX Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
SVARX Sortino Ratio Rank: 5757
Sortino Ratio Rank
SVARX Omega Ratio Rank: 7777
Omega Ratio Rank
SVARX Calmar Ratio Rank: 4242
Calmar Ratio Rank
SVARX Martin Ratio Rank: 2323
Martin Ratio Rank
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. SVARX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Min Vol Factor ETF (ACWV) and Spectrum Low Volatility Fund (SVARX). 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.

ACWVSVARXDifference
Sharpe ratioReturn per unit of total volatility
0.62
2.37

-1.74

Sortino ratioReturn per unit of downside risk
0.92
3.17

-2.25

Omega ratioGain probability vs. loss probability

1.11

1.50

-0.39

Calmar ratioReturn relative to maximum drawdown

0.76

2.46

-1.71

Martin ratioReturn relative to average drawdown

2.37

5.83

-3.47

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. SVARX - Sharpe Ratio Comparison

The current ACWV Sharpe Ratio is 0.62, which is lower than the SVARX Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of ACWV and SVARX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

ACWVSVARXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.62

2.37

-1.74

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.54

1.07

-0.53

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.60

1.66

-1.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.71

1.71

-1.00

Drawdowns

ACWV vs. SVARX - Drawdown Comparison

The maximum ACWV drawdown since its inception was -28.82%, which is greater than SVARX's maximum drawdown of -6.48%. Use the drawdown chart below to compare losses from any high point for ACWV and SVARX.

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Drawdown Indicators

ACWVSVARXDifference

Max Drawdown

Largest peak-to-trough decline

-28.82%

-6.48%

-22.34%

Max Drawdown (1Y)

Largest decline over 1 year

-6.37%

-2.55%

-3.82%

Max Drawdown (3Y)

Largest decline over 3 years

-7.56%

-2.55%

-5.01%

Max Drawdown (5Y)

Largest decline over 5 years

-18.14%

-6.48%

-11.66%

Max Drawdown (10Y)

Largest decline over 10 years

-28.82%

-6.48%

-22.34%

Current Drawdown

Current decline from peak

-2.92%

-1.28%

-1.64%

Average Drawdown

Average peak-to-trough decline

-3.11%

-1.22%

-1.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.03%

1.08%

+0.95%

Volatility

ACWV vs. SVARX - Volatility Comparison

iShares MSCI Global Min Vol Factor ETF (ACWV) has a higher volatility of 1.79% compared to Spectrum Low Volatility Fund (SVARX) at 0.64%. This indicates that ACWV's price experiences larger fluctuations and is considered to be riskier than SVARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ACWVSVARXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.79%

0.64%

+1.15%

Volatility (6M)

Calculated over the trailing 6-month period

5.54%

2.16%

+3.38%

Volatility (1Y)

Calculated over the trailing 1-year period

7.71%

2.66%

+5.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.23%

3.09%

+7.14%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.30%

3.68%

+8.62%

ACWV vs. SVARX - Expense Ratio Comparison

ACWV has a 0.20% expense ratio, which is lower than SVARX's 2.34% expense ratio.

Dividends

ACWV vs. SVARX - Dividend Comparison

ACWV's dividend yield for the trailing twelve months is around 2.04%, less than SVARX's 5.86% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
SVARX
Spectrum Low Volatility Fund		5.86%5.95%9.35%3.35%0.00%5.85%0.71%4.91%2.41%6.90%9.07%3.02%

Frequently Asked Questions

ACWV and SVARX have a correlation of 0.40, 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 SVARX (0.64%). In terms of maximum drawdown, ACWV dropped -28.82% vs SVARX's -6.48%.

SVARX currently has the higher Sharpe Ratio (2.37 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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