FIBR vs. ACWI

Last updated Jun 4, 2026

FIBR (iShares U.S. Fixed Income Balanced Risk Systematic ETF) and ACWI (iShares MSCI ACWI ETF) are both exchange-traded funds - FIBR is a Intermediate Core-Plus Bond fund tracking the Bloomberg U.S. Fixed Income Balanced Risk Index, while ACWI is a Global Equities fund tracking the MSCI All Country World Index. Both are passively managed. Over the past 10 years, FIBR returned 2.28%/yr vs 12.85%/yr for ACWI. At a 0.25 correlation, their price movements are largely independent. FIBR charges 0.25%/yr vs 0.32%/yr for ACWI.

Performance

FIBR vs. ACWI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Fixed Income Balanced Risk Systematic ETF (FIBR) and iShares MSCI ACWI ETF (ACWI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIBR achieves a 0.06% return, which is significantly lower than ACWI's 12.13% return. Over the past 10 years, FIBR has underperformed ACWI with an annualized return of 2.28%, while ACWI has yielded a comparatively higher 12.85% annualized return.

FIBR

• 1D: -0.27%
• 1M: 0.22%
• YTD: 0.06%
• 6M: -0.05%
• 1Y: 5.34%
• 3Y*: 6.70%
• 5Y*: 1.54%
• 10Y*: 2.28%

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)

FIBR vs. ACWI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIBR iShares U.S. Fixed Income Balanced Risk Systematic ETF	0.06%	8.32%	6.04%	8.22%	-13.57%	-1.00%	3.31%	10.03%	-0.93%	3.89%
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 FIBR and ACWI is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (10Y) Calculated over the trailing 10-year period	0.27
Correlation (All Time) Calculated using the full available price history since Feb 27, 2015	0.25

The correlation between FIBR and ACWI shifts across timeframes, from 0.25 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.

FIBR vs. ACWI - Sectors Allocation Comparison

Sectors	FIBR	ACWI
Energy	100.0%	4.2%
Basic Materials	-	3.7%
Communication Services	-	9.0%
Consumer Cyclical	-	9.3%
Consumer Defensive	-	5.0%
Financial Services	-	16.1%
Healthcare	-	8.1%
Industrials	-	10.9%
Real Estate	-	1.8%
Technology	-	29.4%
Utilities	-	2.6%

Return for Risk

FIBR vs. ACWI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIBR

FIBR Risk / Return Rank: 38
FIBR Sharpe Ratio Rank: 39
FIBR Sortino Ratio Rank: 39
FIBR Omega Ratio Rank: 39
FIBR Calmar Ratio Rank: 36
FIBR Martin Ratio Rank: 36

ACWI

ACWI Risk / Return Rank: 66
ACWI Sharpe Ratio Rank: 68
ACWI Sortino Ratio Rank: 67
ACWI Omega Ratio Rank: 67
ACWI Calmar Ratio Rank: 59
ACWI Martin Ratio Rank: 71

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.

FIBR vs. ACWI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Fixed Income Balanced Risk Systematic ETF (FIBR) 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.

	FIBR	ACWI	Difference
Sharpe ratio: Return per unit of total volatility	1.41	2.29	-0.88
Sortino ratio: Return per unit of downside risk	2.02	3.17	-1.15
Omega ratio: Gain probability vs. loss probability	1.26	1.41	-0.16
Calmar ratio: Return relative to maximum drawdown	1.79	3.01	-1.22
Martin ratio: Return relative to average drawdown	5.50	13.53	-8.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIBR vs. ACWI - Sharpe Ratio Comparison

The current FIBR 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 FIBR 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.

Sharpe Ratios by Period

	FIBR	ACWI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.41	2.29	-0.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.71	-0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.75	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.43	+0.07

Drawdowns

FIBR vs. ACWI - Drawdown Comparison

The maximum FIBR drawdown since its inception was -18.47%, smaller than the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for FIBR and ACWI.

Drawdown Indicators

	FIBR	ACWI	Difference
Max Drawdown Largest peak-to-trough decline	-18.47%	-56.00%	+37.53%
Max Drawdown (1Y) Largest decline over 1 year	-2.99%	-9.73%	+6.74%
Max Drawdown (3Y) Largest decline over 3 years	-3.08%	-16.55%	+13.47%
Max Drawdown (5Y) Largest decline over 5 years	-18.47%	-26.42%	+7.95%
Max Drawdown (10Y) Largest decline over 10 years	-18.47%	-33.53%	+15.06%
Current Drawdown Current decline from peak	-1.79%	-0.83%	-0.96%
Average Drawdown Average peak-to-trough decline	-3.27%	-8.61%	+5.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.97%	2.16%	-1.19%

Volatility

FIBR vs. ACWI - Volatility Comparison

The current volatility for iShares U.S. Fixed Income Balanced Risk Systematic ETF (FIBR) is 1.40%, while iShares MSCI ACWI ETF (ACWI) has a volatility of 3.93%. This indicates that FIBR 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.

Volatility by Period

	FIBR	ACWI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.40%	3.93%	-2.53%
Volatility (6M) Calculated over the trailing 6-month period	3.10%	10.29%	-7.19%
Volatility (1Y) Calculated over the trailing 1-year period	3.80%	12.78%	-8.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.63%	16.05%	-10.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.95%	17.11%	-12.16%

FIBR vs. ACWI - Expense Ratio Comparison

FIBR has a 0.25% expense ratio, which is lower than ACWI's 0.32% expense ratio.

Dividends

FIBR vs. ACWI - Dividend Comparison

FIBR's dividend yield for the trailing twelve months is around 4.62%, 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%
FIBR iShares U.S. Fixed Income Balanced Risk Systematic ETF	4.62%	4.78%	5.04%	4.44%	3.27%	1.92%	2.57%	3.27%	3.61%	2.74%	2.92%	2.26%

Frequently Asked Questions

Can I hold both FIBR and ACWI in my portfolio?

FIBR and ACWI have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIBR or ACWI?

ACWI has higher volatility (3.93%) compared to FIBR (1.40%). In terms of maximum drawdown, FIBR dropped -18.47% vs ACWI's -56.00%.

Which ETF is better, FIBR or ACWI?

On 10-year performance, ACWI leads with 12.85% vs 2.28% for FIBR. On fees, FIBR is cheaper at 0.25% per year. On volatility, FIBR has been the lower-risk option at 1.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FIBR or ACWI?

Over the 10-year period, ACWI has performed better with a 12.85% return vs 2.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FIBR or ACWI?

FIBR is cheaper with a 0.25% expense ratio, compared with 0.32% for ACWI.

Which ETF pays a higher dividend yield, FIBR or ACWI?

FIBR has the higher dividend yield at 4.62%, compared with 1.38% for ACWI.

What is the main difference between FIBR and ACWI?

FIBR is categorized as Intermediate Core-Plus Bond, while ACWI is Global Equities. FIBR tracks Bloomberg U.S. Fixed Income Balanced Risk Index, while ACWI tracks MSCI All Country World Index. Their fees differ too: 0.25% for FIBR and 0.32% for ACWI.

Which has better risk-adjusted returns?

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.