GOVZ vs. ACWI
GOVZ (iShares 25+ Year Treasury STRIPS Bond ETF) and ACWI (iShares MSCI ACWI ETF) are both exchange-traded funds - GOVZ is a Government Bonds fund tracking the ICE BofA Long US Treasury Principal STRIPS Index, while ACWI is a Global Equities fund tracking the MSCI All Country World Index. Both are passively managed. Over the past 5 years, GOVZ returned -11.53%/yr vs 11.28%/yr for ACWI. At a 0.06 correlation, their price movements are largely independent. GOVZ charges 0.15%/yr vs 0.32%/yr for ACWI.
Performance
GOVZ vs. ACWI - Performance Comparison
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Returns By Period
In the year-to-date period, GOVZ achieves a -0.94% return, which is significantly lower than ACWI's 12.13% return.
GOVZ
- 1D
- -0.50%
- 1M
- 1.73%
- YTD
- -0.94%
- 6M
- -4.35%
- 1Y
- 3.91%
- 3Y*
- -7.43%
- 5Y*
- -11.53%
- 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%
GOVZ vs. ACWI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | -0.94% | -1.81% | -16.24% | 0.90% | -41.03% | -4.86% | -5.61% |
ACWI iShares MSCI ACWI ETF | 12.13% | 22.41% | 17.45% | 22.27% | -18.39% | 18.66% | 17.60% |
Correlation
The correlation between GOVZ and ACWI is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2020 | 0.06 |
The correlation between GOVZ and ACWI shifts across timeframes, from 0.06 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GOVZ vs. ACWI — Risk / Return Rank
GOVZ
ACWI
GOVZ vs. ACWI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) 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.
| GOVZ | ACWI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -2.70 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.41 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | 3.01 | -2.74 |
| Martin ratioReturn relative to average drawdown | 0.63 | 13.53 | -12.89 |
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
| GOVZ | ACWI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 2.29 | -2.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.48 | 0.71 | -1.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.58 | 0.43 | -1.01 |
Drawdowns
GOVZ vs. ACWI - Drawdown Comparison
The maximum GOVZ drawdown since its inception was -59.65%, which is greater than ACWI's maximum drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for GOVZ and ACWI.
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Drawdown Indicators
| GOVZ | ACWI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.65% | -56.00% | -3.65% |
Max Drawdown (1Y)Largest decline over 1 year | -14.16% | -9.73% | -4.43% |
Max Drawdown (3Y)Largest decline over 3 years | -28.72% | -16.55% | -12.17% |
Max Drawdown (5Y)Largest decline over 5 years | -57.63% | -26.42% | -31.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.53% | — |
Current DrawdownCurrent decline from peak | -56.47% | -0.83% | -55.64% |
Average DrawdownAverage peak-to-trough decline | -39.91% | -8.61% | -31.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.21% | 2.16% | +4.05% |
Volatility
GOVZ vs. ACWI - Volatility Comparison
iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) has a higher volatility of 4.27% compared to iShares MSCI ACWI ETF (ACWI) at 3.93%. This indicates that GOVZ'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
| GOVZ | ACWI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 3.93% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 10.50% | 10.29% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.26% | 12.78% | +3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.93% | 16.05% | +7.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.35% | 17.11% | +6.24% |
GOVZ vs. ACWI - Expense Ratio Comparison
GOVZ has a 0.15% expense ratio, which is lower than ACWI's 0.32% expense ratio.
Dividends
GOVZ vs. ACWI - Dividend Comparison
GOVZ's dividend yield for the trailing twelve months is around 5.18%, 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% |
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | 5.18% | 5.00% | 4.68% | 3.84% | 3.69% | 1.76% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GOVZ and ACWI have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOVZ has higher volatility (4.27%) compared to ACWI (3.93%). In terms of maximum drawdown, GOVZ dropped -59.65% vs ACWI's -56.00%.
On 5-year performance, ACWI leads with 11.28% vs -11.53% for GOVZ. On fees, GOVZ is cheaper at 0.15% 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 5-year period, ACWI has performed better with a 11.28% return vs -11.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GOVZ is cheaper with a 0.15% expense ratio, compared with 0.32% for ACWI.
GOVZ has the higher dividend yield at 5.18%, compared with 1.38% for ACWI.
GOVZ is categorized as Government Bonds, while ACWI is Global Equities. GOVZ tracks ICE BofA Long US Treasury Principal STRIPS Index, while ACWI tracks MSCI All Country World Index. Their fees differ too: 0.15% for GOVZ and 0.32% for ACWI.
ACWI currently has the higher Sharpe Ratio (2.29 vs 0.24), 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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