ACWX vs. DFWIX
Compare and contrast key facts about iShares MSCI ACWI ex U.S. ETF (ACWX) and DFA World ex U.S. Core Equity Portfolio (DFWIX).
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. DFWIX is managed by Dimensional. It was launched on Apr 9, 2013.
Performance
ACWX vs. DFWIX - Performance Comparison
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ACWX vs. DFWIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ACWX iShares MSCI ACWI ex U.S. ETF | 2.00% | 32.59% | 5.17% | 15.63% | -16.07% | 7.67% | 10.29% | 21.05% | -13.99% | 27.20% |
DFWIX DFA World ex U.S. Core Equity Portfolio | 0.08% | 33.45% | 4.34% | 16.74% | -14.04% | 22.41% | 9.35% | 19.98% | -17.00% | 30.17% |
Returns By Period
In the year-to-date period, ACWX achieves a 2.00% return, which is significantly higher than DFWIX's 0.08% return. Over the past 10 years, ACWX has underperformed DFWIX with an annualized return of 8.67%, while DFWIX has yielded a comparatively higher 10.00% annualized return.
ACWX
- 1D
- 3.29%
- 1M
- -8.03%
- YTD
- 2.00%
- 6M
- 6.99%
- 1Y
- 27.22%
- 3Y*
- 15.34%
- 5Y*
- 7.11%
- 10Y*
- 8.67%
DFWIX
- 1D
- -0.33%
- 1M
- -10.77%
- YTD
- 0.08%
- 6M
- 4.76%
- 1Y
- 27.12%
- 3Y*
- 15.13%
- 5Y*
- 10.04%
- 10Y*
- 10.00%
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ACWX vs. DFWIX - Expense Ratio Comparison
ACWX has a 0.32% expense ratio, which is higher than DFWIX's 0.31% expense ratio.
Return for Risk
ACWX vs. DFWIX — Risk / Return Rank
ACWX
DFWIX
ACWX vs. DFWIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI ex U.S. ETF (ACWX) and DFA World ex U.S. Core Equity Portfolio (DFWIX). 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.
| ACWX | DFWIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.58 | 1.81 | -0.23 |
Sortino ratioReturn per unit of downside risk | 2.17 | 2.36 | -0.19 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.36 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.31 | 2.00 | +0.31 |
Martin ratioReturn relative to average drawdown | 8.90 | 8.26 | +0.64 |
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
| ACWX | DFWIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 1.81 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.68 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.65 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.49 | -0.28 |
Correlation
The correlation between ACWX and DFWIX is 0.96, 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.
Dividends
ACWX vs. DFWIX - Dividend Comparison
ACWX's dividend yield for the trailing twelve months is around 2.77%, less than DFWIX's 3.21% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWX iShares MSCI ACWI ex U.S. ETF | 2.77% | 2.82% | 2.97% | 2.96% | 2.68% | 2.74% | 1.88% | 3.22% | 2.60% | 2.40% | 2.77% | 2.51% |
DFWIX DFA World ex U.S. Core Equity Portfolio | 3.21% | 3.00% | 3.32% | 3.36% | 3.11% | 10.71% | 1.81% | 2.36% | 3.50% | 2.36% | 2.59% | 2.31% |
Drawdowns
ACWX vs. DFWIX - Drawdown Comparison
The maximum ACWX drawdown since its inception was -60.40%, which is greater than DFWIX's maximum drawdown of -41.80%. Use the drawdown chart below to compare losses from any high point for ACWX and DFWIX.
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Drawdown Indicators
| ACWX | DFWIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.40% | -41.80% | -18.60% |
Max Drawdown (1Y)Largest decline over 1 year | -11.42% | -10.82% | -0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -30.07% | -27.31% | -2.76% |
Max Drawdown (10Y)Largest decline over 10 years | -35.38% | -41.80% | +6.42% |
Current DrawdownCurrent decline from peak | -8.51% | -10.82% | +2.31% |
Average DrawdownAverage peak-to-trough decline | -13.45% | -8.23% | -5.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 2.87% | +0.09% |
Volatility
ACWX vs. DFWIX - Volatility Comparison
iShares MSCI ACWI ex U.S. ETF (ACWX) has a higher volatility of 8.42% compared to DFA World ex U.S. Core Equity Portfolio (DFWIX) at 6.21%. This indicates that ACWX's price experiences larger fluctuations and is considered to be riskier than DFWIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACWX | DFWIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.42% | 6.21% | +2.21% |
Volatility (6M)Calculated over the trailing 6-month period | 11.71% | 9.58% | +2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.35% | 14.65% | +2.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 14.94% | +1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.29% | 15.55% | +1.74% |