PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
CEW.TO vs. ACWI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CEW.TO vs. ACWI

Last updated Jun 4, 2026

CEW.TO (iShares Equal Weight Banc & Lifeco ETF) and ACWI (iShares MSCI ACWI ETF) are both exchange-traded funds - CEW.TO is a Financials Equities fund tracking the Morningstar Gbl Fin Svc GR CAD, while ACWI is a Global Equities fund tracking the MSCI All Country World Index. Both are passively managed. Over the past 10 years, CEW.TO returned 15.05%/yr vs 13.67%/yr for ACWI. A 0.54 correlation means they provide meaningful diversification when combined. CEW.TO charges 0.61%/yr vs 0.32%/yr for ACWI.

Performance

CEW.TO vs. ACWI - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Equal Weight Banc & Lifeco ETF (CEW.TO) and iShares MSCI ACWI ETF (ACWI). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

CEW.TO is traded in CAD, while ACWI is traded in USD. To make them comparable, the ACWI values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CEW.TO achieves a 15.99% return, which is significantly higher than ACWI's 13.56% return. Over the past 10 years, CEW.TO has outperformed ACWI with an annualized return of 15.05%, while ACWI has yielded a comparatively lower 13.67% annualized return.

CEW.TO

1D
-0.28%
1M
4.69%
YTD
15.99%
6M
18.59%
1Y
44.58%
3Y*
29.74%
5Y*
17.56%
10Y*
15.05%

ACWI

1D
-0.42%
1M
7.38%
YTD
13.56%
6M
12.53%
1Y
30.85%
3Y*
22.56%
5Y*
14.46%
10Y*
13.67%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CEW.TO vs. ACWI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CEW.TO
iShares Equal Weight Banc & Lifeco ETF		15.99%32.58%29.48%17.04%-6.85%29.26%-0.63%25.38%-12.85%11.88%
ACWI
iShares MSCI ACWI ETF		13.56%16.80%27.54%19.58%-12.57%17.59%14.37%20.37%-1.49%16.42%

Correlation

The correlation between CEW.TO and ACWI is 0.52, 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

0.52

Correlation (3Y)
Calculated over the trailing 3-year period

0.53

Correlation (5Y)
Calculated over the trailing 5-year period

0.54

Correlation (10Y)
Calculated over the trailing 10-year period

0.53

Correlation (All Time)
Calculated using the full available price history since Jun 23, 2009

0.54

The correlation between CEW.TO and ACWI has been stable across timeframes, ranging from 0.52 to 0.54 - a consistent structural relationship.

CEW.TO vs. ACWI - Sectors Allocation Comparison

Sectors
CEW.TO
ACWI

Financial Services

100.0%
16.1%

Basic Materials

-

3.7%

Communication Services

-

9.0%

Consumer Cyclical

-

9.3%

Consumer Defensive

-

5.0%

Energy

-

4.2%

Healthcare

-

8.1%

Industrials

-

10.9%

Real Estate

-

1.8%

Technology

-

29.4%

Utilities

-

2.6%

Financial Services

CEW.TO
100.0%
ACWI
16.1%

Basic Materials

CEW.TO

-

ACWI
3.7%

Communication Services

CEW.TO

-

ACWI
9.0%

Consumer Cyclical

CEW.TO

-

ACWI
9.3%

Consumer Defensive

CEW.TO

-

ACWI
5.0%

Energy

CEW.TO

-

ACWI
4.2%

Healthcare

CEW.TO

-

ACWI
8.1%

Industrials

CEW.TO

-

ACWI
10.9%

Real Estate

CEW.TO

-

ACWI
1.8%

Technology

CEW.TO

-

ACWI
29.4%

Utilities

CEW.TO

-

ACWI
2.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Equal Weight Banc & Lifeco ETF

iShares MSCI ACWI ETF

Often compared with CEW.TO:
CEW.TO vs. XFN.TOCEW.TO vs. BMOCEW.TO vs. XDIV.TOCEW.TO vs. TEC.TOCEW.TO vs. VFV.TOCEW.TO vs. RY.TOCEW.TO vs. SPY
Often compared with ACWI:
ACWI vs. VTACWI vs. SPYACWI vs. VWRL.LACWI vs. ACWXACWI vs. ACWI.LACWI vs. VOOACWI vs. VTI

Return for Risk

CEW.TO vs. ACWI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CEW.TO
CEW.TO Risk / Return Rank: 9494
Overall Rank
CEW.TO Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
CEW.TO Sortino Ratio Rank: 9595
Sortino Ratio Rank
CEW.TO Omega Ratio Rank: 9494
Omega Ratio Rank
CEW.TO Calmar Ratio Rank: 9292
Calmar Ratio Rank
CEW.TO Martin Ratio Rank: 9292
Martin Ratio Rank
ACWI
ACWI Risk / Return Rank: 6666
Overall Rank
ACWI Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
ACWI Sortino Ratio Rank: 6767
Sortino Ratio Rank
ACWI Omega Ratio Rank: 6767
Omega Ratio Rank
ACWI Calmar Ratio Rank: 5959
Calmar Ratio Rank
ACWI Martin Ratio Rank: 7171
Martin Ratio Rank
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.

CEW.TO vs. ACWI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Equal Weight Banc & Lifeco ETF (CEW.TO) 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.

CEW.TOACWIDifference
Sharpe ratioReturn per unit of total volatility
3.86
2.53

+1.33

Sortino ratioReturn per unit of downside risk
5.25
3.48

+1.77

Omega ratioGain probability vs. loss probability

1.71

1.48

+0.23

Calmar ratioReturn relative to maximum drawdown

6.29

3.83

+2.45

Martin ratioReturn relative to average drawdown

23.14

15.59

+7.55

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CEW.TO vs. ACWI - Sharpe Ratio Comparison

The current CEW.TO Sharpe Ratio is 3.86, which is higher than the ACWI Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of CEW.TO and ACWI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

CEW.TOACWIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.86

2.53

+1.33

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.31

1.06

+0.25

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.89

0.92

-0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.59

0.91

-0.32

Drawdowns

CEW.TO vs. ACWI - Drawdown Comparison

The maximum CEW.TO drawdown since its inception was -53.58%, which is greater than ACWI's maximum drawdown of -27.29%. Use the drawdown chart below to compare losses from any high point for CEW.TO and ACWI.

Loading charts...

Drawdown Indicators

CEW.TOACWIDifference

Max Drawdown

Largest peak-to-trough decline

-53.58%

-27.29%

-26.29%

Max Drawdown (1Y)

Largest decline over 1 year

-7.13%

-8.08%

+0.95%

Max Drawdown (3Y)

Largest decline over 3 years

-12.74%

-16.34%

+3.60%

Max Drawdown (5Y)

Largest decline over 5 years

-22.46%

-21.20%

-1.26%

Max Drawdown (10Y)

Largest decline over 10 years

-43.66%

-27.29%

-16.37%

Current Drawdown

Current decline from peak

-1.50%

-0.42%

-1.08%

Average Drawdown

Average peak-to-trough decline

-7.02%

-3.58%

-3.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.93%

1.98%

-0.05%

Volatility

CEW.TO vs. ACWI - Volatility Comparison

iShares Equal Weight Banc & Lifeco ETF (CEW.TO) and iShares MSCI ACWI ETF (ACWI) have volatilities of 3.65% and 3.80%, 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.

Loading charts...

Volatility by Period

CEW.TOACWIDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.65%

3.80%

-0.15%

Volatility (6M)

Calculated over the trailing 6-month period

10.12%

9.91%

+0.21%

Volatility (1Y)

Calculated over the trailing 1-year period

11.61%

12.26%

-0.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.49%

13.66%

-0.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.00%

14.87%

+2.13%

CEW.TO vs. ACWI - Expense Ratio Comparison

CEW.TO has a 0.61% expense ratio, which is higher than ACWI's 0.32% expense ratio.

Dividends

CEW.TO vs. ACWI - Dividend Comparison

CEW.TO's dividend yield for the trailing twelve months is around 2.42%, more than ACWI's 1.38% yield.

PositionTTM20252024202320222021202020192018201720162015
ACWI
iShares MSCI ACWI ETF		1.38%1.55%1.70%1.88%1.79%1.71%1.43%2.33%2.18%1.94%2.19%2.56%
CEW.TO
iShares Equal Weight Banc & Lifeco ETF		2.42%2.75%3.32%3.87%3.84%2.93%3.61%3.20%2.95%2.47%2.54%2.74%

Frequently Asked Questions

CEW.TO and ACWI have a correlation of 0.52, 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 0.61% for CEW.TO.

CEW.TO is categorized as Financials Equities, while ACWI is Global Equities. CEW.TO tracks Morningstar Gbl Fin Svc GR CAD, while ACWI tracks MSCI All Country World Index. Their fees differ too: 0.61% for CEW.TO and 0.32% for ACWI.

Portfolio Optimizer

Find the right allocation for CEW.TO and ACWI

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer