CMPIX vs. ACWI
CMPIX (Principal Core Fixed Income) and ACWI (iShares MSCI ACWI ETF) are both funds - CMPIX is a Intermediate Core Bond fund managed by Principal, while ACWI is a Global Equities fund tracking the MSCI All Country World Index. Over the past 10 years, CMPIX returned 1.68%/yr vs 12.85%/yr for ACWI. At a correlation of -0.08, they often move in opposite directions. CMPIX charges 0.74%/yr vs 0.32%/yr for ACWI.
Performance
CMPIX vs. ACWI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CMPIX achieves a 0.26% return, which is significantly lower than ACWI's 12.13% return. Over the past 10 years, CMPIX has underperformed ACWI with an annualized return of 1.68%, while ACWI has yielded a comparatively higher 12.85% annualized return.
CMPIX
- 1D
- 0.00%
- 1M
- 0.53%
- YTD
- 0.26%
- 6M
- 0.10%
- 1Y
- 5.06%
- 3Y*
- 3.68%
- 5Y*
- -0.19%
- 10Y*
- 1.68%
ACWI
- 1D
- -0.83%
- 1M
- 5.28%
- YTD
- 12.13%
- 6M
- 12.96%
- 1Y
- 29.18%
- 3Y*
- 21.15%
- 5Y*
- 11.28%
- 10Y*
- 12.85%
CMPIX vs. ACWI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMPIX Principal Core Fixed Income | 0.26% | 6.76% | 1.26% | 4.89% | -13.34% | -2.03% | 7.84% | 8.59% | -0.24% | 4.16% |
ACWI iShares MSCI ACWI ETF | 12.13% | 22.41% | 17.45% | 22.27% | -18.39% | 18.66% | 16.34% | 26.59% | -9.19% | 24.33% |
Correlation
The correlation between CMPIX and ACWI is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2008 | -0.08 |
The correlation between CMPIX and ACWI shifts across timeframes, from -0.08 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CMPIX vs. ACWI — Risk / Return Rank
CMPIX
ACWI
CMPIX vs. ACWI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Core Fixed Income (CMPIX) 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.
| CMPIX | ACWI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.41 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 3.01 | -1.30 |
| Martin ratioReturn relative to average drawdown | 5.17 | 13.53 | -8.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CMPIX | ACWI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 2.29 | -1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.71 | -0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.75 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.43 | +0.55 |
Drawdowns
CMPIX vs. ACWI - Drawdown Comparison
The maximum CMPIX drawdown since its inception was -18.80%, smaller than the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for CMPIX and ACWI.
Loading charts...
Drawdown Indicators
| CMPIX | ACWI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.80% | -56.00% | +37.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.97% | -9.73% | +6.76% |
Max Drawdown (3Y)Largest decline over 3 years | -6.58% | -16.55% | +9.97% |
Max Drawdown (5Y)Largest decline over 5 years | -18.51% | -26.42% | +7.91% |
Max Drawdown (10Y)Largest decline over 10 years | -18.80% | -33.53% | +14.73% |
Current DrawdownCurrent decline from peak | -3.49% | -0.83% | -2.66% |
Average DrawdownAverage peak-to-trough decline | -2.48% | -8.61% | +6.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 2.16% | -1.18% |
Volatility
CMPIX vs. ACWI - Volatility Comparison
The current volatility for Principal Core Fixed Income (CMPIX) is 1.42%, while iShares MSCI ACWI ETF (ACWI) has a volatility of 3.93%. This indicates that CMPIX experiences smaller price fluctuations and is considered to be less risky than ACWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CMPIX | ACWI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 3.93% | -2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 10.29% | -7.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.96% | 12.78% | -8.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.81% | 16.05% | -10.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.82% | 17.11% | -12.29% |
CMPIX vs. ACWI - Expense Ratio Comparison
CMPIX has a 0.74% expense ratio, which is higher than ACWI's 0.32% expense ratio.
Dividends
CMPIX vs. ACWI - Dividend Comparison
CMPIX's dividend yield for the trailing twelve months is around 3.43%, more than ACWI's 1.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
CMPIX Principal Core Fixed Income | 3.43% | 3.35% | 3.27% | 2.37% | 2.10% | 1.94% | 2.11% | 2.71% | 3.19% | 2.91% | 3.17% | 3.29% |
Frequently Asked Questions
CMPIX and ACWI have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACWI has higher volatility (3.93%) compared to CMPIX (1.42%). In terms of maximum drawdown, CMPIX dropped -18.80% vs ACWI's -56.00%.
ACWI currently has the higher Sharpe Ratio (2.29 vs 1.29), 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.
Find the right allocation for CMPIX 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