ACWX vs. ACWI
Compare and contrast key facts about iShares MSCI ACWI ex U.S. ETF (ACWX) and iShares MSCI ACWI ETF (ACWI).
ACWX and ACWI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ACWX is a passively managed fund by iShares that tracks the performance of the MSCI All Country World ex-U.S. Index. It was launched on Mar 26, 2008. ACWI is a passively managed fund by iShares that tracks the performance of the MSCI All Country World Index. It was launched on Mar 26, 2008. Both ACWX and ACWI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ACWX or ACWI.
Key characteristics
| ACWX | ACWI | |
|---|---|---|
| YTD Return | 2.21% | 4.86% |
| 1Y Return | 9.84% | 19.95% |
| 3Y Return (Ann) | -0.30% | 4.21% |
| 5Y Return (Ann) | 4.78% | 9.57% |
| 10Y Return (Ann) | 3.84% | 8.49% |
| Sharpe Ratio | 0.64 | 1.55 |
| Daily Std Dev | 12.73% | 11.62% |
| Max Drawdown | -60.39% | -56.00% |
| Current Drawdown | -4.47% | -3.11% |
Correlation
The correlation between ACWX and ACWI is 0.94, 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
ACWX vs. ACWI - Performance Comparison
In the year-to-date period, ACWX achieves a 2.21% return, which is significantly lower than ACWI's 4.86% return. Over the past 10 years, ACWX has underperformed ACWI with an annualized return of 3.84%, while ACWI has yielded a comparatively higher 8.49% 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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ACWX vs. ACWI - Expense Ratio Comparison
Both ACWX and ACWI have an expense ratio of 0.32%.
Risk-Adjusted Performance
ACWX vs. ACWI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI ex U.S. ETF (ACWX) and iShares MSCI ACWI ETF (ACWI). 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
ACWX vs. ACWI - Dividend Comparison
ACWX's dividend yield for the trailing twelve months is around 2.90%, more than ACWI's 1.79% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWX iShares MSCI ACWI ex U.S. ETF | 2.90% | 2.96% | 2.68% | 2.73% | 1.88% | 3.21% | 2.64% | 2.39% | 2.77% | 2.51% | 3.17% | 2.68% |
ACWI iShares MSCI ACWI ETF | 1.79% | 1.88% | 1.79% | 1.71% | 1.43% | 2.33% | 2.25% | 1.94% | 2.19% | 2.56% | 2.26% | 1.89% |
Drawdowns
ACWX vs. ACWI - Drawdown Comparison
The maximum ACWX drawdown since its inception was -60.39%, which is greater than ACWI's maximum drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for ACWX and ACWI. For additional features, visit the drawdowns tool.
Volatility
ACWX vs. ACWI - Volatility Comparison
iShares MSCI ACWI ex U.S. ETF (ACWX) and iShares MSCI ACWI ETF (ACWI) have volatilities of 3.34% and 3.32%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.