DFAW vs. ACWI
Compare and contrast key facts about Dimensional World Equity ETF (DFAW) and iShares MSCI ACWI ETF (ACWI).
DFAW and ACWI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFAW is an actively managed fund by Dimensional. It was launched on Sep 26, 2023. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFAW or ACWI.
Key characteristics
| DFAW | ACWI | |
|---|---|---|
| YTD Return | 19.62% | 20.34% |
| 1Y Return | 32.44% | 31.09% |
| Sharpe Ratio | 2.69 | 2.79 |
| Sortino Ratio | 3.67 | 3.79 |
| Omega Ratio | 1.50 | 1.51 |
| Calmar Ratio | 4.08 | 3.67 |
| Martin Ratio | 17.59 | 18.23 |
| Ulcer Index | 1.84% | 1.79% |
| Daily Std Dev | 12.08% | 11.68% |
| Max Drawdown | -7.94% | -56.00% |
| Current Drawdown | -0.01% | -0.14% |
Correlation
The correlation between DFAW and ACWI is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DFAW vs. ACWI - Performance Comparison
The year-to-date returns for both investments are quite close, with DFAW having a 19.62% return and ACWI slightly higher at 20.34%. 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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DFAW vs. ACWI - Expense Ratio Comparison
DFAW has a 0.25% expense ratio, which is lower than ACWI's 0.32% expense ratio.
Risk-Adjusted Performance
DFAW vs. ACWI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional World Equity ETF (DFAW) 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
DFAW vs. ACWI - Dividend Comparison
DFAW's dividend yield for the trailing twelve months is around 1.31%, less than ACWI's 1.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFAW Dimensional World Equity ETF | 1.31% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ACWI iShares MSCI ACWI ETF | 1.56% | 1.88% | 1.79% | 1.71% | 1.43% | 2.33% | 2.25% | 1.94% | 2.19% | 2.56% | 2.26% | 1.89% |
Drawdowns
DFAW vs. ACWI - Drawdown Comparison
The maximum DFAW drawdown since its inception was -7.94%, smaller than the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for DFAW and ACWI. For additional features, visit the drawdowns tool.
Volatility
DFAW vs. ACWI - Volatility Comparison
Dimensional World Equity ETF (DFAW) has a higher volatility of 3.53% compared to iShares MSCI ACWI ETF (ACWI) at 3.24%. This indicates that DFAW's price experiences larger fluctuations and is considered to be riskier than ACWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.