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EIDO vs. ACWI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EIDO vs. ACWI

Last updated Jun 4, 2026

EIDO (iShares MSCI Indonesia ETF) and ACWI (iShares MSCI ACWI ETF) are both exchange-traded funds - EIDO is a Asia Pacific Equities fund tracking the MSCI Indonesia Investable Market Index, while ACWI is a Global Equities fund tracking the MSCI All Country World Index. Both are passively managed. Over the past 10 years, EIDO returned -3.97%/yr vs 12.85%/yr for ACWI. A 0.57 correlation means they provide meaningful diversification when combined. EIDO charges 0.59%/yr vs 0.32%/yr for ACWI.

Performance

EIDO vs. ACWI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Indonesia ETF (EIDO) 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, EIDO achieves a -34.87% return, which is significantly lower than ACWI's 12.13% return. Over the past 10 years, EIDO has underperformed ACWI with an annualized return of -3.97%, while ACWI has yielded a comparatively higher 12.85% annualized return.

EIDO

1D
-4.99%
1M
-17.26%
YTD
-34.87%
6M
-34.69%
1Y
-31.45%
3Y*
-16.90%
5Y*
-8.84%
10Y*
-3.97%

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)

EIDO vs. ACWI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EIDO
iShares MSCI Indonesia ETF		-34.87%4.90%-13.02%2.56%-0.16%-0.60%-7.13%5.30%-10.88%19.40%
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 EIDO and ACWI is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.36

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

0.39

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

0.44

Correlation (10Y)
Calculated over the trailing 10-year period

0.52

Correlation (All Time)
Calculated using the full available price history since May 10, 2010

0.57

Over the past year, the correlation between EIDO and ACWI has dropped to 0.36 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.

EIDO vs. ACWI - Sectors Allocation Comparison

Sectors
EIDO
ACWI

Financial Services

37.8%
16.1%

Basic Materials

18.5%
3.7%

Energy

10.6%
4.2%

Communication Services

8.7%
9.0%

Consumer Defensive

7.5%
5.0%

Industrials

6.1%
10.9%

Technology

2.7%
29.4%

Utilities

2.4%
2.6%

Healthcare

2.4%
8.1%

Real Estate

1.8%
1.8%

Consumer Cyclical

1.6%
9.3%

Financial Services

EIDO
37.8%
ACWI
16.1%

Basic Materials

EIDO
18.5%
ACWI
3.7%

Energy

EIDO
10.6%
ACWI
4.2%

Communication Services

EIDO
8.7%
ACWI
9.0%

Consumer Defensive

EIDO
7.5%
ACWI
5.0%

Industrials

EIDO
6.1%
ACWI
10.9%

Technology

EIDO
2.7%
ACWI
29.4%

Utilities

EIDO
2.4%
ACWI
2.6%

Healthcare

EIDO
2.4%
ACWI
8.1%

Real Estate

EIDO
1.8%
ACWI
1.8%

Consumer Cyclical

EIDO
1.6%
ACWI
9.3%

Compare stocks, funds, or ETFs

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

iShares MSCI Indonesia ETF

iShares MSCI ACWI ETF

Often compared with EIDO:
EIDO vs. IDXEIDO vs. EWYEIDO vs. INDAEIDO vs. ASEAEIDO vs. EWMEIDO vs. EWWEIDO vs. EWS
Often compared with ACWI:
ACWI vs. VTACWI vs. SPYACWI vs. VWRL.LACWI vs. ACWXACWI vs. ACWI.LACWI vs. VOOACWI vs. VTI

Return for Risk

EIDO vs. ACWI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EIDO
EIDO Risk / Return Rank: 11
Overall Rank
EIDO Sharpe Ratio Rank: 00
Sharpe Ratio Rank
EIDO Sortino Ratio Rank: 11
Sortino Ratio Rank
EIDO Omega Ratio Rank: 00
Omega Ratio Rank
EIDO Calmar Ratio Rank: 22
Calmar Ratio Rank
EIDO Martin Ratio Rank: 00
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.

EIDO vs. ACWI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Indonesia ETF (EIDO) 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.

EIDOACWIDifference
Sharpe ratioReturn per unit of total volatility
-1.41
2.29

-3.71

Sortino ratioReturn per unit of downside risk
-1.96
3.17

-5.13

Omega ratioGain probability vs. loss probability

0.75

1.41

-0.67

Calmar ratioReturn relative to maximum drawdown

-0.86

3.01

-3.87

Martin ratioReturn relative to average drawdown

-2.63

13.53

-16.15

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

EIDO vs. ACWI - Sharpe Ratio Comparison

The current EIDO Sharpe Ratio is -1.41, which is lower than the ACWI Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of EIDO 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

EIDOACWIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-1.41

2.29

-3.71

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.45

0.71

-1.16

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.16

0.75

-0.91

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.06

0.43

-0.49

Drawdowns

EIDO vs. ACWI - Drawdown Comparison

The maximum EIDO drawdown since its inception was -63.21%, which is greater than ACWI's maximum drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for EIDO and ACWI.

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Drawdown Indicators

EIDOACWIDifference

Max Drawdown

Largest peak-to-trough decline

-63.21%

-56.00%

-7.21%

Max Drawdown (1Y)

Largest decline over 1 year

-36.63%

-9.73%

-26.90%

Max Drawdown (3Y)

Largest decline over 3 years

-45.60%

-16.55%

-29.05%

Max Drawdown (5Y)

Largest decline over 5 years

-45.60%

-26.42%

-19.18%

Max Drawdown (10Y)

Largest decline over 10 years

-59.41%

-33.53%

-25.88%

Current Drawdown

Current decline from peak

-55.54%

-0.83%

-54.71%

Average Drawdown

Average peak-to-trough decline

-24.63%

-8.61%

-16.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.98%

2.16%

+9.82%

Volatility

EIDO vs. ACWI - Volatility Comparison

iShares MSCI Indonesia ETF (EIDO) has a higher volatility of 7.47% compared to iShares MSCI ACWI ETF (ACWI) at 3.93%. This indicates that EIDO'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.

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Volatility by Period

EIDOACWIDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.47%

3.93%

+3.54%

Volatility (6M)

Calculated over the trailing 6-month period

18.22%

10.29%

+7.93%

Volatility (1Y)

Calculated over the trailing 1-year period

22.35%

12.78%

+9.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.77%

16.05%

+3.72%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.77%

17.11%

+7.66%

EIDO vs. ACWI - Expense Ratio Comparison

EIDO has a 0.59% expense ratio, which is higher than ACWI's 0.32% expense ratio.

Dividends

EIDO vs. ACWI - Dividend Comparison

EIDO's dividend yield for the trailing twelve months is around 5.46%, 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%
EIDO
iShares MSCI Indonesia ETF		5.46%3.56%5.20%2.94%2.53%1.33%1.51%1.78%1.99%1.26%1.16%1.67%

Frequently Asked Questions

EIDO and ACWI have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EIDO has higher volatility (7.47%) compared to ACWI (3.93%). In terms of maximum drawdown, EIDO dropped -63.21% vs ACWI's -56.00%.

On 10-year performance, ACWI leads with 12.85% vs -3.97% for EIDO. On fees, ACWI is cheaper at 0.32% per year. On volatility, ACWI has been the lower-risk option at 3.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, ACWI has performed better with a 12.85% return vs -3.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ACWI is cheaper with a 0.32% expense ratio, compared with 0.59% for EIDO.

EIDO has the higher dividend yield at 5.46%, compared with 1.38% for ACWI.

EIDO is categorized as Asia Pacific Equities, while ACWI is Global Equities. EIDO tracks MSCI Indonesia Investable Market Index, while ACWI tracks MSCI All Country World Index. Their fees differ too: 0.59% for EIDO and 0.32% for ACWI.

ACWI currently has the higher Sharpe Ratio (2.29 vs -1.41), 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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