ACWX vs. VEU
Compare and contrast key facts about iShares MSCI ACWI ex U.S. ETF (ACWX) and Vanguard FTSE All-World ex-US ETF (VEU).
ACWX and VEU 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. VEU is a passively managed fund by Vanguard that tracks the performance of the FTSE All-World ex US Index. It was launched on Mar 2, 2007. Both ACWX and VEU 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 VEU.
Performance
ACWX vs. VEU - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with ACWX having a 6.75% return and VEU slightly higher at 6.79%. Over the past 10 years, ACWX has underperformed VEU with an annualized return of 4.36%, while VEU has yielded a comparatively higher 4.81% annualized return.
ACWX
6.75%
-3.47%
0.53%
12.57%
5.11%
4.36%
VEU
6.79%
-3.66%
0.42%
12.65%
5.56%
4.81%
Key characteristics
| ACWX | VEU | |
|---|---|---|
| Sharpe Ratio | 1.00 | 1.02 |
| Sortino Ratio | 1.44 | 1.47 |
| Omega Ratio | 1.18 | 1.18 |
| Calmar Ratio | 1.12 | 1.22 |
| Martin Ratio | 4.84 | 4.99 |
| Ulcer Index | 2.62% | 2.57% |
| Daily Std Dev | 12.73% | 12.61% |
| Max Drawdown | -60.39% | -61.52% |
| Current Drawdown | -7.11% | -7.32% |
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ACWX vs. VEU - Expense Ratio Comparison
ACWX has a 0.32% expense ratio, which is higher than VEU's 0.07% expense ratio.
Correlation
The correlation between ACWX and VEU is 0.98, 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.
Risk-Adjusted Performance
ACWX vs. VEU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI ex U.S. ETF (ACWX) and Vanguard FTSE All-World ex-US ETF (VEU). 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. VEU - Dividend Comparison
ACWX's dividend yield for the trailing twelve months is around 2.79%, less than VEU's 2.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWX iShares MSCI ACWI ex U.S. ETF | 2.79% | 2.96% | 2.68% | 2.73% | 1.88% | 3.22% | 2.65% | 2.40% | 2.77% | 2.51% | 3.18% | 2.69% |
VEU Vanguard FTSE All-World ex-US ETF | 2.99% | 3.32% | 3.12% | 3.07% | 2.00% | 3.10% | 3.27% | 2.66% | 2.96% | 2.95% | 3.52% | 2.66% |
Drawdowns
ACWX vs. VEU - Drawdown Comparison
The maximum ACWX drawdown since its inception was -60.39%, roughly equal to the maximum VEU drawdown of -61.52%. Use the drawdown chart below to compare losses from any high point for ACWX and VEU. For additional features, visit the drawdowns tool.
Volatility
ACWX vs. VEU - Volatility Comparison
iShares MSCI ACWI ex U.S. ETF (ACWX) and Vanguard FTSE All-World ex-US ETF (VEU) have volatilities of 3.79% and 3.75%, 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.