IBIL vs. ACWI

Last updated Aug 4, 2026

IBIL (iShares iBonds Oct 2035 Term TIPS ETF) and ACWI (iShares MSCI ACWI ETF) are both exchange-traded funds - IBIL is a Inflation-Protected Bonds fund tracking the ICE 2035 Maturity US Treasury TIPS Index, while ACWI is a Global Equities fund tracking the MSCI All Country World Index. Both are passively managed. Over the past year, IBIL returned 2.51% vs 25.29% for ACWI. Their 0.26 correlation means their historical movements had little consistent relationship. IBIL charges 0.10%/yr vs 0.32%/yr for ACWI.

Performance

IBIL vs. ACWI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Oct 2035 Term TIPS ETF (IBIL) 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, IBIL achieves a 0.60% return, which is significantly lower than ACWI's 14.26% return.

IBIL

• 1D: 0.13%
• 1M: -0.59%
• 6M: 0.56%
• YTD: 0.60%
• 1Y: 2.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.96%

ACWI

• 1D: 1.70%
• 1M: 2.87%
• 6M: 11.09%
• YTD: 14.26%
• 1Y: 25.29%
• 3Y*: 20.43%
• 5Y*: 11.19%
• 10Y*: 12.70%
• ALL TIME*: 8.62%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ACWI iShares MSCI ACWI ETF	$393.85M	$471.51M	$504.89M
IBIL iShares iBonds Oct 2035 Term TIPS ETF	$384.77K	$347.69K	$275.27K

IBIL vs. ACWI - Yearly Performance Comparison

	2026 (YTD)	2025
IBIL iShares iBonds Oct 2035 Term TIPS ETF	0.60%	4.77%
ACWI iShares MSCI ACWI ETF	14.26%	20.09%

Correlation

The correlation between IBIL and ACWI is 0.30, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.30
Correlation (All Time) Calculated using the full available price history since Mar 26, 2025	0.26

Return for Risk

IBIL vs. ACWI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IBIL

IBIL Risk / Return Rank: 22
IBIL Sharpe Ratio Rank: 20
IBIL Sortino Ratio Rank: 18
IBIL Omega Ratio Rank: 19
IBIL Calmar Ratio Rank: 27
IBIL Martin Ratio Rank: 25

ACWI

ACWI Risk / Return Rank: 71
ACWI Sharpe Ratio Rank: 70
ACWI Sortino Ratio Rank: 69
ACWI Omega Ratio Rank: 69
ACWI Calmar Ratio Rank: 67
ACWI Martin Ratio Rank: 77

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IBIL vs. ACWI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2035 Term TIPS ETF (IBIL) 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.

	IBIL	ACWI	Difference
Sharpe ratio: Return per unit of total volatility	0.46	1.82	-1.36
Sortino ratio: Return per unit of downside risk	0.66	2.52	-1.86
Omega ratio: Gain probability vs. loss probability	1.09	1.33	-0.24
Calmar ratio: Return relative to maximum drawdown	0.92	2.61	-1.70
Martin ratio: Return relative to average drawdown	2.03	10.90	-8.87

IBIL vs. ACWI - Sharpe Ratio Comparison

The current IBIL Sharpe Ratio is 0.46, which is lower than the ACWI Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of IBIL 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.

Drawdowns

IBIL vs. ACWI - Drawdown Comparison

The maximum IBIL drawdown since its inception was -5.28%, smaller than the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for IBIL and ACWI.

Drawdown Indicators

	IBIL	ACWI	Difference
Max Drawdown Largest peak-to-trough decline	-5.28%	-56.00%	+50.72%
Max Drawdown (1Y) Largest decline over 1 year	-2.76%	-9.73%	+6.97%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.55%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.53%	—
Current Drawdown Current decline from peak	-1.62%	0.00%	-1.62%
Average Drawdown Average peak-to-trough decline	-1.44%	-8.55%	+7.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.24%	2.33%	-1.09%

Volatility

IBIL vs. ACWI - Volatility Comparison

The current volatility for iShares iBonds Oct 2035 Term TIPS ETF (IBIL) is 1.01%, while iShares MSCI ACWI ETF (ACWI) has a volatility of 4.32%. This indicates that IBIL 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

	IBIL	ACWI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.01%	4.32%	-3.31%
Volatility (6M) Calculated over the trailing 6-month period	3.30%	11.81%	-8.51%
Volatility (1Y) Calculated over the trailing 1-year period	5.55%	14.06%	-8.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.85%	16.25%	-8.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.85%	17.08%	-9.23%

IBIL vs. ACWI - Expense Ratio Comparison

IBIL has a 0.10% expense ratio, which is lower than ACWI's 0.32% expense ratio.

Dividends

IBIL vs. ACWI - Dividend Comparison

IBIL's dividend yield for the trailing twelve months is around 5.14%, more than ACWI's 1.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACWI iShares MSCI ACWI ETF	1.40%	1.55%	1.70%	1.88%	1.79%	1.71%	1.43%	2.33%	2.18%	1.94%	2.19%	2.56%
IBIL iShares iBonds Oct 2035 Term TIPS ETF	5.14%	2.93%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBIL and ACWI in my portfolio?

IBIL and ACWI have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBIL or ACWI?

ACWI has higher volatility (4.32%) compared to IBIL (1.01%). In terms of maximum drawdown, IBIL dropped -5.28% vs ACWI's -56.00%.

Which ETF is better, IBIL or ACWI?

On 1-year performance, ACWI leads with 25.29% vs 2.51% for IBIL. On fees, IBIL is cheaper at 0.10% per year. On volatility, IBIL has been the lower-risk option at 1.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBIL or ACWI?

Over the 1-year period, ACWI has performed better with a 25.29% return vs 2.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBIL or ACWI?

IBIL is cheaper with a 0.10% expense ratio, compared with 0.32% for ACWI.

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

IBIL has the higher dividend yield at 5.14%, compared with 1.40% for ACWI.

What is the main difference between IBIL and ACWI?

IBIL is categorized as Inflation-Protected Bonds, while ACWI is Global Equities. IBIL tracks ICE 2035 Maturity US Treasury TIPS Index, while ACWI tracks MSCI All Country World Index. Their fees differ too: 0.10% for IBIL and 0.32% for ACWI.

Which has better risk-adjusted returns?

ACWI currently has the higher Sharpe Ratio (1.82 vs 0.46), 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.