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IBMN vs. ACWI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

IBMN vs. ACWI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2025 Term Muni Bond ETF (IBMN) and iShares MSCI ACWI ETF (ACWI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period


IBMN

1D
0.00%
1M
0.00%
YTD
0.00%
6M
0.00%
1Y
1.20%
3Y*
2.44%
5Y*
0.47%
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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IBMN vs. ACWI - Yearly Performance Comparison


2026 (YTD)20252024202320222021202020192018
IBMN
iShares iBonds Dec 2025 Term Muni Bond ETF
0.00%2.49%2.33%2.42%-4.43%-0.41%4.83%6.87%2.91%
ACWI
iShares MSCI ACWI ETF
12.13%22.41%17.45%22.27%-18.39%18.66%16.34%26.59%-6.70%

Correlation

The correlation between IBMN 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

0.08

Correlation (5Y)
Calculated over the trailing 5-year period

0.04

Correlation (All Time)
Calculated using the full available price history since Nov 16, 2018

-0.01

The correlation between IBMN and ACWI shifts across timeframes, from -0.01 (all time) to 0.09 (1 year), reflecting how their relationship changes across market environments.

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Return for Risk

IBMN vs. ACWI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBMN
IBMN Risk / Return Rank: 8484
Overall Rank
IBMN Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
IBMN Sortino Ratio Rank: 7878
Sortino Ratio Rank
IBMN Omega Ratio Rank: 9393
Omega Ratio Rank
IBMN Calmar Ratio Rank: 9292
Calmar Ratio Rank
IBMN Martin Ratio Rank: 9393
Martin Ratio Rank

ACWI
ACWI Risk / Return Rank: 6666
Overall Rank
ACWI Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
ACWI Sortino Ratio Rank: 6767
Sortino Ratio Rank
ACWI Omega Ratio Rank: 6767
Omega Ratio Rank
ACWI Calmar Ratio Rank: 5959
Calmar Ratio Rank
ACWI Martin Ratio Rank: 7171
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBMN vs. ACWI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2025 Term Muni Bond ETF (IBMN) 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.


IBMNACWIDifference
Sharpe ratioReturn per unit of total volatility

-0.17

Sortino ratioReturn per unit of downside risk

+0.34

Omega ratioGain probability vs. loss probability

1.66

1.41

+0.25

Calmar ratioReturn relative to maximum drawdown

6.02

3.01

+3.00

Martin ratioReturn relative to average drawdown

24.21

13.53

+10.69

IBMN vs. ACWI - Sharpe Ratio Comparison

The current IBMN Sharpe Ratio is 2.12, which is comparable to the ACWI Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of IBMN 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.


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Sharpe Ratios by Period


IBMNACWIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.12

2.29

-0.17

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.28

0.71

-0.43

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

+0.16

Drawdowns

IBMN vs. ACWI - Drawdown Comparison

The maximum IBMN drawdown since its inception was -12.40%, smaller than the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for IBMN and ACWI.


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Drawdown Indicators


IBMNACWIDifference

Max Drawdown

Largest peak-to-trough decline

-12.40%

-56.00%

+43.60%

Max Drawdown (1Y)

Largest decline over 1 year

-0.25%

-9.73%

+9.48%

Max Drawdown (3Y)

Largest decline over 3 years

-1.10%

-16.55%

+15.45%

Max Drawdown (5Y)

Largest decline over 5 years

-7.36%

-26.42%

+19.06%

Max Drawdown (10Y)

Largest decline over 10 years

-33.53%

Current Drawdown

Current decline from peak

-0.05%

-0.83%

+0.78%

Average Drawdown

Average peak-to-trough decline

-1.81%

-8.61%

+6.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.10%

2.16%

-2.06%

Volatility

IBMN vs. ACWI - Volatility Comparison

The current volatility for iShares iBonds Dec 2025 Term Muni Bond ETF (IBMN) is 0.00%, while iShares MSCI ACWI ETF (ACWI) has a volatility of 3.93%. This indicates that IBMN 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


IBMNACWIDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.00%

3.93%

-3.93%

Volatility (6M)

Calculated over the trailing 6-month period

0.50%

10.29%

-9.79%

Volatility (1Y)

Calculated over the trailing 1-year period

0.71%

12.78%

-12.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

1.80%

16.05%

-14.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.89%

17.11%

-13.22%

IBMN vs. ACWI - Expense Ratio Comparison

IBMN has a 0.18% expense ratio, which is lower than ACWI's 0.32% expense ratio.


Dividends

IBMN vs. ACWI - Dividend Comparison

IBMN's dividend yield for the trailing twelve months is around 1.14%, less than ACWI's 1.38% yield.


PositionTTM20252024202320222021202020192018201720162015
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%
IBMN
iShares iBonds Dec 2025 Term Muni Bond ETF
1.14%2.03%2.03%1.72%0.97%0.70%1.11%1.65%0.23%0.00%0.00%0.00%

Frequently Asked Questions


IBMN 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 (3.93%) compared to IBMN (0.00%). In terms of maximum drawdown, IBMN dropped -12.40% vs ACWI's -56.00%.

On 5-year performance, ACWI leads with 11.28% vs 0.47% for IBMN. On fees, IBMN is cheaper at 0.18% per year. On volatility, IBMN has been the lower-risk option at 0.00%. 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 0.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IBMN is cheaper with a 0.18% expense ratio, compared with 0.32% for ACWI.

ACWI has the higher dividend yield at 1.38%, compared with 1.14% for IBMN.

IBMN is categorized as Municipal Bonds, while ACWI is Global Equities. IBMN tracks S&P AMT-Free Municipal Series Dec 2025 Index, while ACWI tracks MSCI All Country World Index. Their fees differ too: 0.18% for IBMN and 0.32% for ACWI.

ACWI currently has the higher Sharpe Ratio (2.29 vs 2.12), 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.

Portfolio Optimizer

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