BFLX vs. ACWI
BFLX (iShares Flexible Equity Active ETF) and ACWI (iShares MSCI ACWI ETF) are both exchange-traded funds - BFLX is a Long-Short fund actively managed by iShares, while ACWI is a Global Equities fund tracking the MSCI All Country World Index. BFLX is actively managed, while ACWI is passively managed. Their correlation of 0.87 suggests significant overlap in exposure. BFLX charges 0.40%/yr vs 0.32%/yr for ACWI.
Performance
BFLX vs. ACWI - Performance Comparison
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Returns By Period
BFLX
- 1D
- 0.76%
- 1M
- -0.90%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ACWI
- 1D
- 1.00%
- 1M
- -1.08%
- YTD
- 10.84%
- 6M
- 10.13%
- 1Y
- 23.56%
- 3Y*
- 19.50%
- 5Y*
- 10.93%
- 10Y*
- 12.77%
BFLX vs. ACWI - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BFLX iShares Flexible Equity Active ETF | 0.36% |
ACWI iShares MSCI ACWI ETF | 2.40% |
Correlation
The correlation between BFLX and ACWI is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 20, 2026 | 0.87 |
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Return for Risk
BFLX vs. ACWI — Risk / Return Rank
BFLX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ACWI
BFLX vs. ACWI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Flexible Equity Active ETF (BFLX) and iShares MSCI ACWI ETF (ACWI). 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.
| BFLX | ACWI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.43 | — |
| Martin ratioReturn relative to average drawdown | — | 10.47 | — |
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Drawdowns
BFLX vs. ACWI - Drawdown Comparison
The maximum BFLX drawdown since its inception was -3.85%, smaller than the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for BFLX and ACWI.
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Drawdown Indicators
| BFLX | ACWI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.85% | -56.00% | +52.15% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.73% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.55% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.53% | — |
Current DrawdownCurrent decline from peak | -2.39% | -1.96% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -8.59% | +7.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.26% | — |
Volatility
BFLX vs. ACWI - Volatility Comparison
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Volatility by Period
| BFLX | ACWI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.53% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.38% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.10% | 13.60% | +1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.10% | 16.20% | -1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.10% | 17.04% | -1.94% |
BFLX vs. ACWI - Expense Ratio Comparison
BFLX has a 0.40% expense ratio, which is higher than ACWI's 0.32% expense ratio.
Dividends
BFLX vs. ACWI - Dividend Comparison
BFLX has not paid dividends to shareholders, while ACWI's dividend yield for the trailing twelve months is around 1.44%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWI iShares MSCI ACWI ETF | 1.44% | 1.55% | 1.70% | 1.88% | 1.79% | 1.71% | 1.43% | 2.33% | 2.18% | 1.94% | 2.19% | 2.56% |
BFLX iShares Flexible Equity Active ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BFLX and ACWI have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ACWI is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ACWI is cheaper with a 0.32% expense ratio, compared with 0.40% for BFLX.
ACWI has the higher dividend yield at 1.44%, compared with 0.00% for BFLX.
BFLX is categorized as Long-Short, while ACWI is Global Equities. Their fees differ too: 0.40% for BFLX and 0.32% for ACWI.
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