GERD.DE vs. ACWI
GERD.DE (L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc) and ACWI (iShares MSCI ACWI ETF) are both Global Equities funds - GERD.DE tracks the Solactive Gerd Kommer Multifactor Equity while ACWI tracks the MSCI All Country World Index. Both are passively managed. Over the past year, GERD.DE returned 26.71% vs 26.61% for ACWI. A 0.59 correlation means they provide meaningful diversification when combined. GERD.DE charges 0.50%/yr vs 0.32%/yr for ACWI.
Performance
GERD.DE vs. ACWI - Performance Comparison
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Different Trading Currencies
GERD.DE is traded in EUR, while ACWI is traded in USD. To make them comparable, the ACWI values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, GERD.DE achieves a 14.61% return, which is significantly higher than ACWI's 13.47% return.
GERD.DE
- 1D
- -0.01%
- 1M
- 6.89%
- YTD
- 14.61%
- 6M
- 15.74%
- 1Y
- 26.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ACWI
- 1D
- -0.61%
- 1M
- 6.03%
- YTD
- 13.47%
- 6M
- 13.58%
- 1Y
- 26.61%
- 3Y*
- 17.94%
- 5Y*
- 12.33%
- 10Y*
- 12.61%
GERD.DE vs. ACWI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GERD.DE L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc | 14.61% | 10.26% | 18.54% | 7.85% |
ACWI iShares MSCI ACWI ETF | 13.47% | 7.89% | 25.20% | 7.79% |
Correlation
The correlation between GERD.DE and ACWI is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2023 | 0.59 |
The correlation between GERD.DE and ACWI has been stable across timeframes, ranging from 0.59 to 0.63 - a consistent structural relationship.
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Return for Risk
GERD.DE vs. ACWI — Risk / Return Rank
GERD.DE
ACWI
GERD.DE vs. ACWI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc (GERD.DE) 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.
| GERD.DE | ACWI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.40 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.02 | 3.76 | +0.26 |
| Martin ratioReturn relative to average drawdown | 15.80 | 15.70 | +0.10 |
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
| GERD.DE | ACWI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | 2.17 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.82 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.35 | 0.55 | +0.80 |
Drawdowns
GERD.DE vs. ACWI - Drawdown Comparison
The maximum GERD.DE drawdown since its inception was -19.22%, smaller than the maximum ACWI drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for GERD.DE and ACWI.
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Drawdown Indicators
| GERD.DE | ACWI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.22% | -45.79% | +26.57% |
Max Drawdown (1Y)Largest decline over 1 year | -6.61% | -7.11% | +0.50% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.51% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.51% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.80% | — |
Current DrawdownCurrent decline from peak | -0.01% | -0.61% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -2.24% | -6.43% | +4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 1.70% | -0.01% |
Volatility
GERD.DE vs. ACWI - Volatility Comparison
L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc (GERD.DE) has a higher volatility of 3.37% compared to iShares MSCI ACWI ETF (ACWI) at 3.20%. This indicates that GERD.DE'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
| GERD.DE | ACWI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 3.20% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 8.52% | 9.30% | -0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.94% | 12.32% | -0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.96% | 15.12% | -2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.96% | 16.97% | -4.01% |
GERD.DE vs. ACWI - Expense Ratio Comparison
GERD.DE has a 0.50% expense ratio, which is higher than ACWI's 0.32% expense ratio.
Dividends
GERD.DE vs. ACWI - Dividend Comparison
GERD.DE has not paid dividends to shareholders, while ACWI's dividend yield for the trailing twelve months is around 1.38%.
| 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% |
GERD.DE L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GERD.DE and ACWI have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ACWI is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ACWI is cheaper with a 0.32% expense ratio, compared with 0.50% for GERD.DE.
GERD.DE tracks Solactive Gerd Kommer Multifactor Equity, while ACWI tracks MSCI All Country World Index. They also come from different issuers: LGIM Managers (Europe) Limited and iShares. Their fees differ too: 0.50% for GERD.DE and 0.32% for ACWI.
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