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ACWX vs. DHS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ACWX vs. DHS

Last updated Jun 12, 2026

ACWX (iShares MSCI ACWI ex U.S. ETF) and DHS (WisdomTree US High Dividend Fund) are both exchange-traded funds - ACWX is a Foreign Large Cap Equities fund tracking the MSCI All Country World ex-U.S. Index, while DHS is a Large Cap Value Equities fund tracking the WisdomTree U.S. High Dividend Index. Both are passively managed. Over the past 10 years, ACWX returned 9.87%/yr vs 9.75%/yr for DHS. A 0.70 correlation means they provide meaningful diversification when combined. ACWX charges 0.32%/yr vs 0.38%/yr for DHS.

Performance

ACWX vs. DHS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI ACWI ex U.S. ETF (ACWX) and WisdomTree US High Dividend Fund (DHS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with ACWX having a 13.42% return and DHS slightly lower at 12.81%. Both investments have delivered pretty close results over the past 10 years, with ACWX having a 9.87% annualized return and DHS not far behind at 9.75%.

ACWX

1D
3.41%
1M
1.94%
YTD
13.42%
6M
14.35%
1Y
28.83%
3Y*
18.66%
5Y*
8.17%
10Y*
9.87%

DHS

1D
0.56%
1M
2.48%
YTD
12.81%
6M
12.76%
1Y
22.47%
3Y*
16.75%
5Y*
11.12%
10Y*
9.75%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ACWX vs. DHS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ACWX
iShares MSCI ACWI ex U.S. ETF		13.42%32.59%5.17%15.63%-16.07%7.67%10.29%21.05%-13.99%27.20%
DHS
WisdomTree US High Dividend Fund		12.81%12.87%18.02%-0.19%7.97%23.20%-5.70%22.59%-7.41%11.69%

Correlation

The correlation between ACWX and DHS is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.39

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

0.49

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

0.57

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

0.62

Correlation (All Time)
Calculated using the full available price history since Mar 31, 2008

0.70

Over the past year, the correlation between ACWX and DHS has dropped to 0.39 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.

ACWX vs. DHS - Sectors Allocation Comparison

Sectors
ACWX
DHS

Financial Services

23.3%
22.3%

Technology

22.4%
3.7%

Industrials

14.0%
4.1%

Consumer Cyclical

7.3%
5.0%

Healthcare

6.7%
14.5%

Basic Materials

6.7%
1.2%

Consumer Defensive

5.0%
18.7%

Energy

4.8%
9.4%

Communication Services

4.7%
9.3%

Utilities

2.8%
9.0%

Real Estate

1.2%
2.8%

Financial Services

ACWX
23.3%
DHS
22.3%

Technology

ACWX
22.4%
DHS
3.7%

Industrials

ACWX
14.0%
DHS
4.1%

Consumer Cyclical

ACWX
7.3%
DHS
5.0%

Healthcare

ACWX
6.7%
DHS
14.5%

Basic Materials

ACWX
6.7%
DHS
1.2%

Consumer Defensive

ACWX
5.0%
DHS
18.7%

Energy

ACWX
4.8%
DHS
9.4%

Communication Services

ACWX
4.7%
DHS
9.3%

Utilities

ACWX
2.8%
DHS
9.0%

Real Estate

ACWX
1.2%
DHS
2.8%

Compare stocks, funds, or ETFs

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iShares MSCI ACWI ex U.S. ETF

WisdomTree US High Dividend Fund

Often compared with ACWX:
ACWX vs. SPYACWX vs. VXUSACWX vs. ACWIACWX vs. VEUACWX vs. IXUSACWX vs. VOOACWX vs. IWV
Often compared with DHS:
DHS vs. SCHDDHS vs. SPHDDHS vs. DGRODHS vs. JEPIDHS vs. FDVVDHS vs. DTDDHS vs. SPY

Return for Risk

ACWX vs. DHS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ACWX
ACWX Risk / Return Rank: 6464
Overall Rank
ACWX Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
ACWX Sortino Ratio Rank: 6363
Sortino Ratio Rank
ACWX Omega Ratio Rank: 6666
Omega Ratio Rank
ACWX Calmar Ratio Rank: 6161
Calmar Ratio Rank
ACWX Martin Ratio Rank: 6565
Martin Ratio Rank
DHS
DHS Risk / Return Rank: 8282
Overall Rank
DHS Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
DHS Sortino Ratio Rank: 8888
Sortino Ratio Rank
DHS Omega Ratio Rank: 7979
Omega Ratio Rank
DHS Calmar Ratio Rank: 8181
Calmar Ratio Rank
DHS Martin Ratio Rank: 8181
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.

ACWX vs. DHS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI ex U.S. ETF (ACWX) and WisdomTree US High Dividend Fund (DHS). 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.

ACWXDHSDifference
Sharpe ratioReturn per unit of total volatility
1.76
2.25

-0.49

Sortino ratioReturn per unit of downside risk
2.43
3.37

-0.94

Omega ratioGain probability vs. loss probability

1.32

1.39

-0.06

Calmar ratioReturn relative to maximum drawdown

2.53

3.58

-1.05

Martin ratioReturn relative to average drawdown

9.69

13.09

-3.40

ACWX vs. DHS - Sharpe Ratio Comparison

The current ACWX Sharpe Ratio is 1.76, which is comparable to the DHS Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of ACWX and DHS, 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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Drawdowns

ACWX vs. DHS - Drawdown Comparison

The maximum ACWX drawdown since its inception was -60.40%, smaller than the maximum DHS drawdown of -67.25%. Use the drawdown chart below to compare losses from any high point for ACWX and DHS.

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Drawdown Indicators

ACWXDHSDifference

Max Drawdown

Largest peak-to-trough decline

-60.40%

-67.25%

+6.85%

Max Drawdown (1Y)

Largest decline over 1 year

-11.42%

-6.30%

-5.12%

Max Drawdown (3Y)

Largest decline over 3 years

-13.84%

-11.87%

-1.97%

Max Drawdown (5Y)

Largest decline over 5 years

-30.07%

-15.28%

-14.79%

Max Drawdown (10Y)

Largest decline over 10 years

-35.38%

-37.35%

+1.97%

Current Drawdown

Current decline from peak

-1.82%

-0.00%

-1.82%

Average Drawdown

Average peak-to-trough decline

-13.32%

-9.54%

-3.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.98%

1.72%

+1.26%

Volatility

ACWX vs. DHS - Volatility Comparison

iShares MSCI ACWI ex U.S. ETF (ACWX) has a higher volatility of 7.03% compared to WisdomTree US High Dividend Fund (DHS) at 3.07%. This indicates that ACWX's price experiences larger fluctuations and is considered to be riskier than DHS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ACWXDHSDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.03%

3.07%

+3.96%

Volatility (6M)

Calculated over the trailing 6-month period

14.36%

7.35%

+7.01%

Volatility (1Y)

Calculated over the trailing 1-year period

16.43%

10.02%

+6.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.46%

13.90%

+2.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.43%

16.08%

+1.35%

ACWX vs. DHS - Expense Ratio Comparison

ACWX has a 0.32% expense ratio, which is lower than DHS's 0.38% expense ratio.

Dividends

ACWX vs. DHS - Dividend Comparison

ACWX's dividend yield for the trailing twelve months is around 2.49%, less than DHS's 3.27% yield.

PositionTTM20252024202320222021202020192018201720162015
ACWX
iShares MSCI ACWI ex U.S. ETF		2.49%2.82%2.97%2.96%2.68%2.74%1.88%3.22%2.60%2.40%2.77%2.51%
DHS
WisdomTree US High Dividend Fund		3.27%3.32%3.66%4.31%3.42%3.29%4.14%3.69%3.76%3.00%3.25%3.53%

Frequently Asked Questions

ACWX and DHS have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ACWX has higher volatility (7.03%) compared to DHS (3.07%). In terms of maximum drawdown, ACWX dropped -60.40% vs DHS's -67.25%.

On 10-year performance, ACWX leads with 9.87% vs 9.75% for DHS. On fees, ACWX is cheaper at 0.32% per year. On volatility, DHS has been the lower-risk option at 3.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, ACWX has performed better with a 9.87% return vs 9.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ACWX is cheaper with a 0.32% expense ratio, compared with 0.38% for DHS.

DHS has the higher dividend yield at 3.27%, compared with 2.49% for ACWX.

ACWX is categorized as Foreign Large Cap Equities, while DHS is Large Cap Value Equities. ACWX tracks MSCI All Country World ex-U.S. Index, while DHS tracks WisdomTree U.S. High Dividend Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.32% for ACWX and 0.38% for DHS.

DHS currently has the higher Sharpe Ratio (2.25 vs 1.76), 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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