AGQI vs. ACWV

Last updated Jul 17, 2026

AGQI (First Trust Active Global Quality Income ETF) and ACWV (iShares MSCI Global Min Vol Factor ETF) are both Global Equities funds. AGQI is actively managed, while ACWV is passively managed. Over the past year, AGQI returned 20.16% vs 6.12% for ACWV. A 0.68 correlation means they provide meaningful diversification when combined. AGQI charges 0.85%/yr vs 0.20%/yr for ACWV.

Performance

AGQI vs. ACWV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Active Global Quality Income ETF (AGQI) and iShares MSCI Global Min Vol Factor ETF (ACWV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AGQI achieves a 11.13% return, which is significantly higher than ACWV's 3.64% return.

AGQI

• 1D: -0.53%
• 1M: -0.54%
• 6M: 7.00%
• YTD: 11.13%
• 1Y: 20.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ACWV

• 1D: 0.82%
• 1M: 0.81%
• 6M: 2.67%
• YTD: 3.64%
• 1Y: 6.12%
• 3Y*: 9.83%
• 5Y*: 5.48%
• 10Y*: 6.99%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AGQI vs. ACWV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AGQI First Trust Active Global Quality Income ETF	11.13%	26.67%	2.98%	4.43%
ACWV iShares MSCI Global Min Vol Factor ETF	3.64%	11.04%	11.38%	4.18%

Correlation

The correlation between AGQI and ACWV is 0.59, 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	0.59
Correlation (All Time) Calculated using the full available price history since Nov 21, 2023	0.68

The correlation between AGQI and ACWV has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.

AGQI vs. ACWV - Sectors Allocation Comparison

Sectors	AGQI	ACWV
Technology	23.4%	25.8%
Consumer Defensive	14.4%	9.8%
Financial Services	14.1%	13.2%
Industrials	11.0%	8.1%
Consumer Cyclical	8.9%	5.1%
Energy	7.7%	3.7%
Healthcare	6.6%	13.0%
Communication Services	6.5%	11.9%
Basic Materials	5.3%	1.5%
Utilities	2.2%	7.3%
Real Estate	-	0.6%

Return for Risk

AGQI vs. ACWV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGQI

AGQI Risk / Return Rank: 59
AGQI Sharpe Ratio Rank: 63
AGQI Sortino Ratio Rank: 60
AGQI Omega Ratio Rank: 62
AGQI Calmar Ratio Rank: 55
AGQI Martin Ratio Rank: 56

ACWV

ACWV Risk / Return Rank: 25
ACWV Sharpe Ratio Rank: 25
ACWV Sortino Ratio Rank: 24
ACWV Omega Ratio Rank: 24
ACWV Calmar Ratio Rank: 25
ACWV Martin Ratio Rank: 26

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.

AGQI vs. ACWV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Active Global Quality Income ETF (AGQI) and iShares MSCI Global Min Vol Factor ETF (ACWV). 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.

	AGQI	ACWV	Difference
Sharpe ratio: Return per unit of total volatility	1.67	0.77	+0.90
Sortino ratio: Return per unit of downside risk	2.28	1.14	+1.14
Omega ratio: Gain probability vs. loss probability	1.30	1.14	+0.16
Calmar ratio: Return relative to maximum drawdown	2.21	0.97	+1.25
Martin ratio: Return relative to average drawdown	7.83	2.75	+5.09

AGQI vs. ACWV - Sharpe Ratio Comparison

The current AGQI Sharpe Ratio is 1.67, which is higher than the ACWV Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of AGQI and ACWV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AGQI vs. ACWV - Drawdown Comparison

The maximum AGQI drawdown since its inception was -14.07%, smaller than the maximum ACWV drawdown of -28.82%. Use the drawdown chart below to compare losses from any high point for AGQI and ACWV.

Drawdown Indicators

	AGQI	ACWV	Difference
Max Drawdown Largest peak-to-trough decline	-14.07%	-28.82%	+14.75%
Max Drawdown (1Y) Largest decline over 1 year	-9.15%	-6.37%	-2.78%
Max Drawdown (3Y) Largest decline over 3 years	—	-7.56%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.14%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-28.82%	—
Current Drawdown Current decline from peak	-1.60%	-1.70%	+0.10%
Average Drawdown Average peak-to-trough decline	-2.13%	-3.11%	+0.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	2.23%	+0.35%

Volatility

AGQI vs. ACWV - Volatility Comparison

First Trust Active Global Quality Income ETF (AGQI) and iShares MSCI Global Min Vol Factor ETF (ACWV) have volatilities of 3.45% and 3.29%, 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.

Volatility by Period

	AGQI	ACWV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.45%	3.29%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	10.15%	6.28%	+3.87%
Volatility (1Y) Calculated over the trailing 1-year period	12.14%	8.05%	+4.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.65%	10.28%	+2.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.65%	12.29%	+0.36%

AGQI vs. ACWV - Expense Ratio Comparison

AGQI has a 0.85% expense ratio, which is higher than ACWV's 0.20% expense ratio.

Dividends

AGQI vs. ACWV - Dividend Comparison

AGQI's dividend yield for the trailing twelve months is around 1.72%, less than ACWV's 1.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACWV iShares MSCI Global Min Vol Factor ETF	1.94%	2.09%	2.33%	2.41%	2.18%	1.92%	1.77%	2.54%	2.32%	2.04%	2.56%	2.28%
AGQI First Trust Active Global Quality Income ETF	1.72%	2.54%	2.14%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AGQI and ACWV in my portfolio?

AGQI and ACWV have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGQI or ACWV?

AGQI has higher volatility (3.45%) compared to ACWV (3.29%). In terms of maximum drawdown, AGQI dropped -14.07% vs ACWV's -28.82%.

Which ETF is better, AGQI or ACWV?

On 1-year performance, AGQI leads with 20.16% vs 6.12% for ACWV. On fees, ACWV is cheaper at 0.20% per year. On volatility, ACWV has been the lower-risk option at 3.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AGQI or ACWV?

Over the 1-year period, AGQI has performed better with a 20.16% return vs 6.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AGQI or ACWV?

ACWV is cheaper with a 0.20% expense ratio, compared with 0.85% for AGQI.

Which ETF pays a higher dividend yield, AGQI or ACWV?

ACWV has the higher dividend yield at 1.94%, compared with 1.72% for AGQI.

What is the main difference between AGQI and ACWV?

They also come from different issuers: First Trust and iShares. Their fees differ too: 0.85% for AGQI and 0.20% for ACWV.

Which has better risk-adjusted returns?

AGQI currently has the higher Sharpe Ratio (1.67 vs 0.77), 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.