ACWX vs. PDRDX
ACWX (iShares MSCI ACWI ex U.S. ETF) and PDRDX (Principal Diversified Real Asset Fund) are both funds - ACWX is a Foreign Large Cap Equities fund tracking the MSCI All Country World ex-U.S. Index, while PDRDX is a Global Allocation fund managed by Principal. Over the past 10 years, ACWX returned 10.05%/yr vs 6.35%/yr for PDRDX. A 0.77 correlation means they provide meaningful diversification when combined. ACWX charges 0.32%/yr vs 0.83%/yr for PDRDX.
Performance
ACWX vs. PDRDX - Performance Comparison
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Returns By Period
In the year-to-date period, ACWX achieves a 13.90% return, which is significantly higher than PDRDX's 11.44% return. Over the past 10 years, ACWX has outperformed PDRDX with an annualized return of 10.05%, while PDRDX has yielded a comparatively lower 6.35% annualized return.
ACWX
- 1D
- 0.42%
- 1M
- 1.39%
- YTD
- 13.90%
- 6M
- 15.65%
- 1Y
- 30.35%
- 3Y*
- 18.44%
- 5Y*
- 8.26%
- 10Y*
- 10.05%
PDRDX
- 1D
- 0.74%
- 1M
- -2.51%
- YTD
- 11.44%
- 6M
- 12.28%
- 1Y
- 19.27%
- 3Y*
- 10.82%
- 5Y*
- 5.81%
- 10Y*
- 6.35%
ACWX vs. PDRDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ACWX iShares MSCI ACWI ex U.S. ETF | 13.90% | 32.59% | 5.17% | 15.63% | -16.07% | 7.67% | 10.29% | 21.05% | -13.99% | 27.20% |
PDRDX Principal Diversified Real Asset Fund | 11.44% | 14.63% | 3.09% | 3.22% | -6.19% | 17.30% | 3.97% | 15.02% | -7.90% | 10.18% |
Correlation
The correlation between ACWX and PDRDX is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2010 | 0.77 |
The correlation between ACWX and PDRDX shifts across timeframes, from 0.61 (1 year) to 0.77 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
ACWX vs. PDRDX — Risk / Return Rank
ACWX
PDRDX
ACWX vs. PDRDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI ex U.S. ETF (ACWX) and Principal Diversified Real Asset Fund (PDRDX). 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.
| ACWX | PDRDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.39 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 3.38 | -0.85 |
| Martin ratioReturn relative to average drawdown | 9.66 | 13.83 | -4.17 |
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Drawdowns
ACWX vs. PDRDX - Drawdown Comparison
The maximum ACWX drawdown since its inception was -60.40%, which is greater than PDRDX's maximum drawdown of -28.55%. Use the drawdown chart below to compare losses from any high point for ACWX and PDRDX.
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Drawdown Indicators
| ACWX | PDRDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.40% | -28.55% | -31.85% |
Max Drawdown (1Y)Largest decline over 1 year | -11.42% | -5.88% | -5.54% |
Max Drawdown (3Y)Largest decline over 3 years | -13.84% | -10.94% | -2.90% |
Max Drawdown (5Y)Largest decline over 5 years | -30.01% | -19.35% | -10.66% |
Max Drawdown (10Y)Largest decline over 10 years | -35.38% | -28.55% | -6.83% |
Current DrawdownCurrent decline from peak | -1.41% | -2.93% | +1.52% |
Average DrawdownAverage peak-to-trough decline | -13.32% | -5.97% | -7.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 1.43% | +1.55% |
Volatility
ACWX vs. PDRDX - Volatility Comparison
iShares MSCI ACWI ex U.S. ETF (ACWX) has a higher volatility of 6.97% compared to Principal Diversified Real Asset Fund (PDRDX) at 2.94%. This indicates that ACWX's price experiences larger fluctuations and is considered to be riskier than PDRDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACWX | PDRDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.97% | 2.94% | +4.03% |
Volatility (6M)Calculated over the trailing 6-month period | 14.32% | 7.83% | +6.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.43% | 9.31% | +7.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.46% | 11.02% | +5.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.43% | 10.81% | +6.62% |
ACWX vs. PDRDX - Expense Ratio Comparison
ACWX has a 0.32% expense ratio, which is lower than PDRDX's 0.83% expense ratio.
Dividends
ACWX vs. PDRDX - Dividend Comparison
ACWX's dividend yield for the trailing twelve months is around 2.48%, less than PDRDX's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWX iShares MSCI ACWI ex U.S. ETF | 2.48% | 2.82% | 2.97% | 2.96% | 2.68% | 2.74% | 1.88% | 3.22% | 2.60% | 2.40% | 2.77% | 2.51% |
PDRDX Principal Diversified Real Asset Fund | 3.85% | 4.19% | 2.43% | 2.52% | 12.88% | 6.56% | 0.52% | 2.36% | 3.47% | 2.21% | 2.61% | 0.99% |
Frequently Asked Questions
ACWX and PDRDX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACWX has higher volatility (6.97%) compared to PDRDX (2.94%). In terms of maximum drawdown, ACWX dropped -60.40% vs PDRDX's -28.55%.
PDRDX currently has the higher Sharpe Ratio (2.13 vs 1.75), 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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