IBDR vs. ACWI
IBDR (iShares iBonds Dec 2026 Term Corporate ETF) and ACWI (iShares MSCI ACWI ETF) are both exchange-traded funds - IBDR is a Corporate Bonds fund tracking the Barclays December 2026 Maturity Corporate Index, while ACWI is a Global Equities fund tracking the MSCI All Country World Index. Both are passively managed. Over the past 5 years, IBDR returned 1.58%/yr vs 10.74%/yr for ACWI. At a 0.12 correlation, their price movements are largely independent. IBDR charges 0.10%/yr vs 0.32%/yr for ACWI.
Performance
IBDR vs. ACWI - Performance Comparison
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Returns By Period
In the year-to-date period, IBDR achieves a 1.69% return, which is significantly lower than ACWI's 9.86% return.
IBDR
- 1D
- 0.04%
- 1M
- 0.29%
- YTD
- 1.69%
- 6M
- 1.81%
- 1Y
- 4.30%
- 3Y*
- 5.17%
- 5Y*
- 1.58%
- 10Y*
- —
ACWI
- 1D
- -2.00%
- 1M
- -0.35%
- YTD
- 9.86%
- 6M
- 9.11%
- 1Y
- 25.60%
- 3Y*
- 20.00%
- 5Y*
- 10.74%
- 10Y*
- 13.09%
IBDR vs. ACWI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 1.69% | 4.99% | 4.98% | 5.96% | -8.28% | -1.79% | 8.88% | 14.81% | -2.80% | 5.96% |
ACWI iShares MSCI ACWI ETF | 9.86% | 22.41% | 17.45% | 22.27% | -18.39% | 18.66% | 16.34% | 26.59% | -9.19% | 24.33% |
Correlation
The correlation between IBDR and ACWI is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2016 | 0.12 |
The correlation between IBDR and ACWI shifts across timeframes, from 0.09 (1 year) to 0.23 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBDR vs. ACWI — Risk / Return Rank
IBDR
ACWI
IBDR vs. ACWI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2026 Term Corporate ETF (IBDR) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBDR | ACWI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.94 | ||
| Sortino ratioReturn per unit of downside risk | +11.71 | ||
| Omega ratioGain probability vs. loss probability | 3.36 | 1.34 | +2.01 |
| Calmar ratioReturn relative to maximum drawdown | 52.23 | 2.64 | +49.59 |
| Martin ratioReturn relative to average drawdown | 181.59 | 11.51 | +170.08 |
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Drawdowns
IBDR vs. ACWI - Drawdown Comparison
The maximum IBDR drawdown since its inception was -16.06%, smaller than the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for IBDR and ACWI.
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Drawdown Indicators
| IBDR | ACWI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.06% | -56.00% | +39.94% |
Max Drawdown (1Y)Largest decline over 1 year | -0.08% | -9.73% | +9.65% |
Max Drawdown (3Y)Largest decline over 3 years | -1.08% | -16.55% | +15.47% |
Max Drawdown (5Y)Largest decline over 5 years | -13.13% | -26.42% | +13.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.53% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.83% | +2.83% |
Average DrawdownAverage peak-to-trough decline | -2.82% | -8.59% | +5.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 2.23% | -2.21% |
Volatility
IBDR vs. ACWI - Volatility Comparison
The current volatility for iShares iBonds Dec 2026 Term Corporate ETF (IBDR) is 0.18%, while iShares MSCI ACWI ETF (ACWI) has a volatility of 5.57%. This indicates that IBDR 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.
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Volatility by Period
| IBDR | ACWI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.18% | 5.57% | -5.39% |
Volatility (6M)Calculated over the trailing 6-month period | 0.35% | 11.38% | -11.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.63% | 13.64% | -13.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.39% | 16.20% | -12.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.85% | 17.08% | -12.23% |
IBDR vs. ACWI - Expense Ratio Comparison
IBDR has a 0.10% expense ratio, which is lower than ACWI's 0.32% expense ratio.
Dividends
IBDR vs. ACWI - Dividend Comparison
IBDR's dividend yield for the trailing twelve months is around 4.12%, more than ACWI's 1.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWI iShares MSCI ACWI ETF | 1.45% | 1.55% | 1.70% | 1.88% | 1.79% | 1.71% | 1.43% | 2.33% | 2.18% | 1.94% | 2.19% | 2.56% |
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 4.12% | 4.20% | 4.13% | 3.41% | 2.44% | 2.11% | 2.61% | 3.25% | 3.56% | 3.22% | 0.86% | 0.00% |
Frequently Asked Questions
IBDR and ACWI have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACWI has higher volatility (5.57%) compared to IBDR (0.18%). In terms of maximum drawdown, IBDR dropped -16.06% vs ACWI's -56.00%.
On 5-year performance, ACWI leads with 10.74% vs 1.58% for IBDR. On fees, IBDR is cheaper at 0.10% per year. On volatility, IBDR has been the lower-risk option at 0.18%. 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 10.74% return vs 1.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBDR is cheaper with a 0.10% expense ratio, compared with 0.32% for ACWI.
IBDR has the higher dividend yield at 4.12%, compared with 1.45% for ACWI.
IBDR is categorized as Corporate Bonds, while ACWI is Global Equities. IBDR tracks Barclays December 2026 Maturity Corporate Index, while ACWI tracks MSCI All Country World Index. Their fees differ too: 0.10% for IBDR and 0.32% for ACWI.
IBDR currently has the higher Sharpe Ratio (6.83 vs 1.89), 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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