CSUS.AS vs. ACWI
CSUS.AS (iShares MSCI USA UCITS ETF USD (Acc)) and ACWI (iShares MSCI ACWI ETF) are both exchange-traded funds - CSUS.AS is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while ACWI is a Global Equities fund tracking the MSCI All Country World Index. Both are passively managed. Over the past 10 years, CSUS.AS returned 14.77%/yr vs 12.57%/yr for ACWI. A 0.60 correlation means they provide meaningful diversification when combined. CSUS.AS charges 0.33%/yr vs 0.32%/yr for ACWI.
Performance
CSUS.AS vs. ACWI - Performance Comparison
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Different Trading Currencies
CSUS.AS is traded in EUR, while ACWI is traded in USD. To make them comparable, the ACWI values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, CSUS.AS achieves a 11.31% return, which is significantly lower than ACWI's 13.75% return. Over the past 10 years, CSUS.AS has outperformed ACWI with an annualized return of 14.77%, while ACWI has yielded a comparatively lower 12.57% annualized return.
CSUS.AS
- 1D
- -0.02%
- 1M
- 5.45%
- YTD
- 11.31%
- 6M
- 11.33%
- 1Y
- 25.43%
- 3Y*
- 19.05%
- 5Y*
- 14.34%
- 10Y*
- 14.77%
ACWI
- 1D
- 0.16%
- 1M
- 5.15%
- YTD
- 13.75%
- 6M
- 13.38%
- 1Y
- 27.07%
- 3Y*
- 18.15%
- 5Y*
- 12.38%
- 10Y*
- 12.57%
CSUS.AS vs. ACWI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSUS.AS iShares MSCI USA UCITS ETF USD (Acc) | 11.31% | 4.04% | 33.96% | 22.33% | -15.27% | 37.95% | 10.18% | 32.81% | -0.73% | 6.52% |
ACWI iShares MSCI ACWI ETF | 13.75% | 7.89% | 25.20% | 18.61% | -13.33% | 27.54% | 6.75% | 29.45% | -4.92% | 9.05% |
Correlation
The correlation between CSUS.AS and ACWI is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2014 | 0.60 |
The correlation between CSUS.AS and ACWI shifts across timeframes, from 0.54 (5 years) to 0.64 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CSUS.AS vs. ACWI — Risk / Return Rank
CSUS.AS
ACWI
CSUS.AS vs. ACWI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA UCITS ETF USD (Acc) (CSUS.AS) 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.
| CSUS.AS | ACWI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.41 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 3.82 | -0.41 |
| Martin ratioReturn relative to average drawdown | 11.97 | 15.98 | -4.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CSUS.AS | ACWI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.24 | 2.21 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.82 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | 0.74 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.55 | +0.35 |
Drawdowns
CSUS.AS vs. ACWI - Drawdown Comparison
The maximum CSUS.AS drawdown since its inception was -34.08%, smaller than the maximum ACWI drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for CSUS.AS and ACWI.
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Drawdown Indicators
| CSUS.AS | ACWI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.08% | -45.79% | +11.71% |
Max Drawdown (1Y)Largest decline over 1 year | -7.34% | -7.11% | -0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -23.49% | -20.51% | -2.98% |
Max Drawdown (5Y)Largest decline over 5 years | -23.49% | -20.51% | -2.98% |
Max Drawdown (10Y)Largest decline over 10 years | -34.08% | -32.80% | -1.28% |
Current DrawdownCurrent decline from peak | -0.33% | -0.39% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -4.41% | -6.43% | +2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 1.70% | +0.41% |
Volatility
CSUS.AS vs. ACWI - Volatility Comparison
The current volatility for iShares MSCI USA UCITS ETF USD (Acc) (CSUS.AS) is 2.74%, while iShares MSCI ACWI ETF (ACWI) has a volatility of 3.03%. This indicates that CSUS.AS 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.
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Volatility by Period
| CSUS.AS | ACWI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.74% | 3.03% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 7.58% | 9.28% | -1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.23% | 12.29% | -1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.48% | 15.11% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.23% | 16.96% | -0.73% |
CSUS.AS vs. ACWI - Expense Ratio Comparison
CSUS.AS has a 0.33% expense ratio, which is higher than ACWI's 0.32% expense ratio.
Dividends
CSUS.AS vs. ACWI - Dividend Comparison
CSUS.AS has not paid dividends to shareholders, while ACWI's dividend yield for the trailing twelve months is around 1.38%.
| 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% |
CSUS.AS iShares MSCI USA UCITS ETF USD (Acc) | 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
CSUS.AS and ACWI have a correlation of 0.64, 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 0.33% for CSUS.AS.
CSUS.AS is categorized as Large Cap Blend Equities, while ACWI is Global Equities. CSUS.AS tracks Russell 1000 TR USD, while ACWI tracks MSCI All Country World Index. Their fees differ too: 0.33% for CSUS.AS and 0.32% for ACWI.
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