ACWX vs. VCPIX
ACWX (iShares MSCI ACWI ex U.S. ETF) and VCPIX (Vanguard Core-Plus Bond Fund Investor Shares) are both funds - ACWX is a Foreign Large Cap Equities fund tracking the MSCI All Country World ex-U.S. Index, while VCPIX is a Total Bond Market fund managed by Vanguard. Over the past 3 years, ACWX returned 18.44%/yr vs 5.30%/yr for VCPIX. At a 0.28 correlation, their price movements are largely independent. ACWX charges 0.32%/yr vs 0.30%/yr for VCPIX.
Performance
ACWX vs. VCPIX - 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 VCPIX's 0.73% 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%
VCPIX
- 1D
- 0.47%
- 1M
- 0.51%
- YTD
- 0.73%
- 6M
- 1.25%
- 1Y
- 5.54%
- 3Y*
- 5.30%
- 5Y*
- —
- 10Y*
- —
ACWX vs. VCPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ACWX iShares MSCI ACWI ex U.S. ETF | 13.90% | 32.59% | 5.17% | 15.63% | -16.07% | 0.62% |
VCPIX Vanguard Core-Plus Bond Fund Investor Shares | 0.73% | 8.01% | 2.83% | 6.64% | -12.68% | 0.35% |
Correlation
The correlation between ACWX and VCPIX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021 | 0.28 |
The correlation between ACWX and VCPIX shifts across timeframes, from 0.28 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ACWX vs. VCPIX — Risk / Return Rank
ACWX
VCPIX
ACWX vs. VCPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI ex U.S. ETF (ACWX) and Vanguard Core-Plus Bond Fund Investor Shares (VCPIX). 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 | VCPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.29 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 2.05 | +0.47 |
| Martin ratioReturn relative to average drawdown | 9.66 | 6.44 | +3.22 |
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Drawdowns
ACWX vs. VCPIX - Drawdown Comparison
The maximum ACWX drawdown since its inception was -60.40%, which is greater than VCPIX's maximum drawdown of -17.33%. Use the drawdown chart below to compare losses from any high point for ACWX and VCPIX.
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Drawdown Indicators
| ACWX | VCPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.40% | -17.33% | -43.07% |
Max Drawdown (1Y)Largest decline over 1 year | -11.42% | -2.72% | -8.70% |
Max Drawdown (3Y)Largest decline over 3 years | -13.84% | -5.68% | -8.16% |
Max Drawdown (5Y)Largest decline over 5 years | -30.01% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.38% | — | — |
Current DrawdownCurrent decline from peak | -1.41% | -1.01% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -13.32% | -6.56% | -6.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 0.86% | +2.12% |
Volatility
ACWX vs. VCPIX - Volatility Comparison
iShares MSCI ACWI ex U.S. ETF (ACWX) has a higher volatility of 6.97% compared to Vanguard Core-Plus Bond Fund Investor Shares (VCPIX) at 1.22%. This indicates that ACWX's price experiences larger fluctuations and is considered to be riskier than VCPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACWX | VCPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.97% | 1.22% | +5.75% |
Volatility (6M)Calculated over the trailing 6-month period | 14.32% | 2.66% | +11.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.43% | 3.52% | +12.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.46% | 5.68% | +10.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.43% | 5.68% | +11.75% |
ACWX vs. VCPIX - Expense Ratio Comparison
ACWX has a 0.32% expense ratio, which is higher than VCPIX's 0.30% expense ratio.
Dividends
ACWX vs. VCPIX - Dividend Comparison
ACWX's dividend yield for the trailing twelve months is around 2.48%, less than VCPIX's 4.74% 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% |
VCPIX Vanguard Core-Plus Bond Fund Investor Shares | 4.74% | 4.76% | 5.08% | 4.46% | 3.15% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ACWX and VCPIX have a correlation of 0.44, 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 VCPIX (1.22%). In terms of maximum drawdown, ACWX dropped -60.40% vs VCPIX's -17.33%.
ACWX currently has the higher Sharpe Ratio (1.75 vs 1.58), 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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