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EAOA vs. ACWI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EAOA vs. ACWI

Last updated Jun 4, 2026

EAOA (iShares ESG Aware Aggressive Allocation ETF) and ACWI (iShares MSCI ACWI ETF) are both exchange-traded funds - EAOA is a Diversified Portfolio fund tracking the BlackRock ESG Aware Aggressive Allocation Index, while ACWI is a Global Equities fund tracking the MSCI All Country World Index. Both are passively managed. Over the past 5 years, EAOA returned 8.52%/yr vs 11.28%/yr for ACWI. With a 0.99 correlation, they move nearly in lockstep. EAOA charges 0.18%/yr vs 0.32%/yr for ACWI.

Performance

EAOA vs. ACWI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares ESG Aware Aggressive Allocation ETF (EAOA) and iShares MSCI ACWI ETF (ACWI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EAOA achieves a 9.93% return, which is significantly lower than ACWI's 12.13% return.

EAOA

1D
-0.71%
1M
4.36%
YTD
9.93%
6M
10.44%
1Y
24.37%
3Y*
17.20%
5Y*
8.52%
10Y*
—

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EAOA vs. ACWI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
EAOA
iShares ESG Aware Aggressive Allocation ETF		9.93%18.41%13.79%18.27%-17.76%14.52%19.79%
ACWI
iShares MSCI ACWI ETF		12.13%22.41%17.45%22.27%-18.39%18.66%23.30%

Correlation

The correlation between EAOA and ACWI is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.99

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

0.99

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

0.99

Correlation (All Time)
Calculated using the full available price history since Jun 19, 2020

0.99

The correlation between EAOA and ACWI has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

EAOA vs. ACWI - Sectors Allocation Comparison

Sectors
EAOA
ACWI

Technology

28.9%
29.4%

Financial Services

13.5%
16.1%

Industrials

9.0%
10.9%

Consumer Cyclical

7.7%
9.3%

Communication Services

7.3%
9.0%

Healthcare

6.8%
8.1%

Consumer Defensive

3.7%
5.0%

Energy

3.0%
4.2%

Basic Materials

2.4%
3.7%

Utilities

2.3%
2.6%

Real Estate

1.6%
1.8%

Technology

EAOA
28.9%
ACWI
29.4%

Financial Services

EAOA
13.5%
ACWI
16.1%

Industrials

EAOA
9.0%
ACWI
10.9%

Consumer Cyclical

EAOA
7.7%
ACWI
9.3%

Communication Services

EAOA
7.3%
ACWI
9.0%

Healthcare

EAOA
6.8%
ACWI
8.1%

Consumer Defensive

EAOA
3.7%
ACWI
5.0%

Energy

EAOA
3.0%
ACWI
4.2%

Basic Materials

EAOA
2.4%
ACWI
3.7%

Utilities

EAOA
2.3%
ACWI
2.6%

Real Estate

EAOA
1.6%
ACWI
1.8%

Compare stocks, funds, or ETFs

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

iShares ESG Aware Aggressive Allocation ETF

iShares MSCI ACWI ETF

Often compared with EAOA:
EAOA vs. AOAEAOA vs. EAOREAOA vs. GDEEAOA vs. XNAVEAOA vs. ESGUEAOA vs. SPMOEAOA vs. FDEWX
Often compared with ACWI:
ACWI vs. VTACWI vs. SPYACWI vs. VWRL.LACWI vs. ACWXACWI vs. ACWI.LACWI vs. VOOACWI vs. VTI

Return for Risk

EAOA vs. ACWI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EAOA
EAOA Risk / Return Rank: 6868
Overall Rank
EAOA Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
EAOA Sortino Ratio Rank: 7070
Sortino Ratio Rank
EAOA Omega Ratio Rank: 6868
Omega Ratio Rank
EAOA Calmar Ratio Rank: 6060
Calmar Ratio Rank
EAOA Martin Ratio Rank: 7171
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.

EAOA vs. ACWI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware Aggressive Allocation ETF (EAOA) 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.

EAOAACWIDifference
Sharpe ratioReturn per unit of total volatility
2.28
2.29

-0.01

Sortino ratioReturn per unit of downside risk
3.21
3.17

+0.05

Omega ratioGain probability vs. loss probability

1.41

1.41

0.00

Calmar ratioReturn relative to maximum drawdown

3.00

3.01

-0.02

Martin ratioReturn relative to average drawdown

13.30

13.53

-0.23

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

EAOA vs. ACWI - Sharpe Ratio Comparison

The current EAOA Sharpe Ratio is 2.28, which is comparable to the ACWI Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of EAOA 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.

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Sharpe Ratios by Period

EAOAACWIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.28

2.29

-0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

0.71

-0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.75

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.93

0.43

+0.50

Drawdowns

EAOA vs. ACWI - Drawdown Comparison

The maximum EAOA drawdown since its inception was -25.06%, smaller than the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for EAOA and ACWI.

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Drawdown Indicators

EAOAACWIDifference

Max Drawdown

Largest peak-to-trough decline

-25.06%

-56.00%

+30.94%

Max Drawdown (1Y)

Largest decline over 1 year

-8.17%

-9.73%

+1.56%

Max Drawdown (3Y)

Largest decline over 3 years

-13.84%

-16.55%

+2.71%

Max Drawdown (5Y)

Largest decline over 5 years

-25.06%

-26.42%

+1.36%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.53%

—

Current Drawdown

Current decline from peak

-0.71%

-0.83%

+0.12%

Average Drawdown

Average peak-to-trough decline

-5.31%

-8.61%

+3.30%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.84%

2.16%

-0.32%

Volatility

EAOA vs. ACWI - Volatility Comparison

The current volatility for iShares ESG Aware Aggressive Allocation ETF (EAOA) is 3.39%, while iShares MSCI ACWI ETF (ACWI) has a volatility of 3.93%. This indicates that EAOA 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

EAOAACWIDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.39%

3.93%

-0.54%

Volatility (6M)

Calculated over the trailing 6-month period

8.64%

10.29%

-1.65%

Volatility (1Y)

Calculated over the trailing 1-year period

10.75%

12.78%

-2.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.25%

16.05%

-2.80%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.14%

17.11%

-3.97%

EAOA vs. ACWI - Expense Ratio Comparison

EAOA has a 0.18% expense ratio, which is lower than ACWI's 0.32% expense ratio.

Dividends

EAOA vs. ACWI - Dividend Comparison

EAOA's dividend yield for the trailing twelve months is around 1.95%, 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%
EAOA
iShares ESG Aware Aggressive Allocation ETF		1.95%2.10%2.09%2.21%1.93%1.48%1.12%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.99, EAOA and ACWI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

ACWI has higher volatility (3.93%) compared to EAOA (3.39%). In terms of maximum drawdown, EAOA dropped -25.06% vs ACWI's -56.00%.

On 5-year performance, ACWI leads with 11.28% vs 8.52% for EAOA. On fees, EAOA is cheaper at 0.18% per year. On volatility, EAOA has been the lower-risk option at 3.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, ACWI has performed better with a 11.28% return vs 8.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EAOA is cheaper with a 0.18% expense ratio, compared with 0.32% for ACWI.

EAOA has the higher dividend yield at 1.95%, compared with 1.38% for ACWI.

EAOA is categorized as Diversified Portfolio, while ACWI is Global Equities. EAOA tracks BlackRock ESG Aware Aggressive Allocation Index, while ACWI tracks MSCI All Country World Index. Their fees differ too: 0.18% for EAOA and 0.32% for ACWI.

ACWI currently has the higher Sharpe Ratio (2.29 vs 2.28), 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.

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