FIVA vs. ACWI
Compare and contrast key facts about Fidelity International Value Factor ETF (FIVA) and iShares MSCI ACWI ETF (ACWI).
FIVA and ACWI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FIVA is a passively managed fund by Fidelity that tracks the performance of the Fidelity® International Value Factor Index. It was launched on Jan 16, 2018. 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. Both FIVA and ACWI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FIVA vs. ACWI - Performance Comparison
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FIVA vs. ACWI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIVA Fidelity International Value Factor ETF | 2.60% | 45.83% | 2.53% | 20.38% | -10.37% | 15.90% | -1.78% | 19.78% | -19.20% |
ACWI iShares MSCI ACWI ETF | -2.21% | 22.41% | 17.45% | 22.27% | -18.39% | 18.66% | 16.34% | 26.59% | -13.36% |
Returns By Period
In the year-to-date period, FIVA achieves a 2.60% return, which is significantly higher than ACWI's -2.21% return.
FIVA
- 1D
- 3.02%
- 1M
- -7.75%
- YTD
- 2.60%
- 6M
- 12.75%
- 1Y
- 34.67%
- 3Y*
- 19.41%
- 5Y*
- 11.95%
- 10Y*
- —
ACWI
- 1D
- 3.11%
- 1M
- -6.11%
- YTD
- -2.21%
- 6M
- 0.97%
- 1Y
- 20.86%
- 3Y*
- 16.98%
- 5Y*
- 9.40%
- 10Y*
- 11.58%
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FIVA vs. ACWI - Expense Ratio Comparison
FIVA has a 0.39% expense ratio, which is higher than ACWI's 0.32% expense ratio.
Return for Risk
FIVA vs. ACWI — Risk / Return Rank
FIVA
ACWI
FIVA vs. ACWI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Value Factor ETF (FIVA) 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.
| FIVA | ACWI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.01 | 1.20 | +0.82 |
Sortino ratioReturn per unit of downside risk | 2.69 | 1.77 | +0.92 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.27 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.86 | 1.79 | +1.07 |
Martin ratioReturn relative to average drawdown | 11.23 | 8.26 | +2.97 |
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
| FIVA | ACWI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 1.20 | +0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.59 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.39 | +0.04 |
Correlation
The correlation between FIVA and ACWI is 0.81, 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.
Dividends
FIVA vs. ACWI - Dividend Comparison
FIVA's dividend yield for the trailing twelve months is around 2.78%, more than ACWI's 1.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIVA Fidelity International Value Factor ETF | 2.78% | 2.68% | 3.52% | 3.63% | 3.62% | 3.76% | 2.46% | 3.61% | 3.28% | 0.00% | 0.00% | 0.00% |
ACWI iShares MSCI ACWI ETF | 1.59% | 1.55% | 1.70% | 1.88% | 1.79% | 1.71% | 1.43% | 2.33% | 2.18% | 1.94% | 2.19% | 2.56% |
Drawdowns
FIVA vs. ACWI - Drawdown Comparison
The maximum FIVA drawdown since its inception was -39.76%, smaller than the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for FIVA and ACWI.
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Drawdown Indicators
| FIVA | ACWI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.76% | -56.00% | +16.24% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -11.76% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -28.70% | -26.42% | -2.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.53% | — |
Current DrawdownCurrent decline from peak | -8.01% | -6.92% | -1.09% |
Average DrawdownAverage peak-to-trough decline | -7.89% | -8.69% | +0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 2.54% | +0.44% |
Volatility
FIVA vs. ACWI - Volatility Comparison
Fidelity International Value Factor ETF (FIVA) has a higher volatility of 7.45% compared to iShares MSCI ACWI ETF (ACWI) at 6.38%. This indicates that FIVA'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
| FIVA | ACWI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.45% | 6.38% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 11.09% | 10.05% | +1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.32% | 17.48% | -0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 15.97% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.88% | 17.08% | +0.80% |