CEW.TO vs. ACWI
Compare and contrast key facts about iShares Equal Weight Banc & Lifeco ETF (CEW.TO) and iShares MSCI ACWI ETF (ACWI).
CEW.TO and ACWI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CEW.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl Fin Svc GR CAD. It was launched on Feb 6, 2008. ACWI is a passively managed fund by iShares that tracks the performance of the MSCI All Country World Index. It was launched on Mar 26, 2008. Both CEW.TO and ACWI 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: CEW.TO or ACWI.
Key characteristics
| CEW.TO | ACWI | |
|---|---|---|
| YTD Return | 5.23% | 8.33% |
| 1Y Return | 16.10% | 22.61% |
| 3Y Return (Ann) | 6.73% | 5.53% |
| 5Y Return (Ann) | 10.26% | 11.01% |
| 10Y Return (Ann) | 9.40% | 8.67% |
| Sharpe Ratio | 1.35 | 1.94 |
| Daily Std Dev | 12.27% | 11.47% |
| Max Drawdown | -53.54% | -56.00% |
| Current Drawdown | -0.12% | 0.00% |
Correlation
The correlation between CEW.TO and ACWI is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CEW.TO vs. ACWI - Performance Comparison
In the year-to-date period, CEW.TO achieves a 5.23% return, which is significantly lower than ACWI's 8.33% return. Over the past 10 years, CEW.TO has outperformed ACWI with an annualized return of 9.40%, while ACWI has yielded a comparatively lower 8.67% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
CEW.TO vs. ACWI - Risk-Adjusted Performance 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.
Dividends
CEW.TO vs. ACWI - Dividend Comparison
CEW.TO's dividend yield for the trailing twelve months is around 3.96%, more than ACWI's 1.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEW.TO iShares Equal Weight Banc & Lifeco ETF | 3.96% | 3.98% | 3.95% | 3.02% | 3.71% | 3.29% | 3.03% | 2.54% | 2.61% | 2.82% | 2.59% | 2.78% |
ACWI iShares MSCI ACWI ETF | 1.74% | 1.88% | 1.79% | 1.71% | 1.43% | 2.33% | 2.25% | 1.94% | 2.19% | 2.56% | 2.26% | 1.89% |
Drawdowns
CEW.TO vs. ACWI - Drawdown Comparison
The maximum CEW.TO drawdown since its inception was -53.54%, roughly equal to the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for CEW.TO and ACWI. For additional features, visit the drawdowns tool.
Volatility
CEW.TO vs. ACWI - Volatility Comparison
iShares Equal Weight Banc & Lifeco ETF (CEW.TO) and iShares MSCI ACWI ETF (ACWI) have volatilities of 3.37% and 3.42%, 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.