ICPI vs. ACWI
ICPI (iShares 0-1 Year TIPS Bond ETF) and ACWI (iShares MSCI ACWI ETF) are both exchange-traded funds - ICPI is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury 0-1 Year Inflation Linked Bond Index, while ACWI is a Global Equities fund tracking the MSCI All Country World Index. Both are passively managed. At a correlation of -0.26, they often move in opposite directions. ICPI charges 0.09%/yr vs 0.32%/yr for ACWI.
Performance
ICPI vs. ACWI - Performance Comparison
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Returns By Period
In the year-to-date period, ICPI achieves a 2.42% return, which is significantly lower than ACWI's 9.71% return.
ICPI
- 1D
- -0.06%
- 1M
- -0.07%
- YTD
- 2.42%
- 6M
- 2.46%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ACWI
- 1D
- -0.14%
- 1M
- -0.49%
- YTD
- 9.71%
- 6M
- 8.77%
- 1Y
- 23.79%
- 3Y*
- 19.95%
- 5Y*
- 10.62%
- 10Y*
- 13.07%
ICPI vs. ACWI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ICPI iShares 0-1 Year TIPS Bond ETF | 2.42% | 0.32% |
ACWI iShares MSCI ACWI ETF | 9.71% | 3.75% |
Correlation
The correlation between ICPI and ACWI is -0.26, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | -0.26 |
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Return for Risk
ICPI vs. ACWI — Risk / Return Rank
ICPI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ACWI
ICPI vs. ACWI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-1 Year TIPS Bond ETF (ICPI) 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.
| ICPI | ACWI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.46 | — |
| Martin ratioReturn relative to average drawdown | — | 10.66 | — |
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Drawdowns
ICPI vs. ACWI - Drawdown Comparison
The maximum ICPI drawdown since its inception was -0.34%, smaller than the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for ICPI and ACWI.
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Drawdown Indicators
| ICPI | ACWI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.34% | -56.00% | +55.66% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.73% | — |
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 DrawdownCurrent decline from peak | -0.34% | -2.96% | +2.62% |
Average DrawdownAverage peak-to-trough decline | -0.04% | -8.59% | +8.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.24% | — |
Volatility
ICPI vs. ACWI - Volatility Comparison
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Volatility by Period
| ICPI | ACWI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.57% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.35% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.96% | 13.62% | -12.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.96% | 16.19% | -15.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.96% | 17.07% | -16.11% |
ICPI vs. ACWI - Expense Ratio Comparison
ICPI has a 0.09% expense ratio, which is lower than ACWI's 0.32% expense ratio.
Dividends
ICPI vs. ACWI - Dividend Comparison
ICPI's dividend yield for the trailing twelve months is around 1.80%, more than ACWI's 1.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWI iShares MSCI ACWI ETF | 1.46% | 1.55% | 1.70% | 1.88% | 1.79% | 1.71% | 1.43% | 2.33% | 2.18% | 1.94% | 2.19% | 2.56% |
ICPI iShares 0-1 Year TIPS Bond ETF | 1.80% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ICPI and ACWI have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICPI is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICPI is cheaper with a 0.09% expense ratio, compared with 0.32% for ACWI.
ICPI has the higher dividend yield at 1.80%, compared with 1.46% for ACWI.
ICPI is categorized as Inflation-Protected Bonds, while ACWI is Global Equities. ICPI tracks ICE U.S. Treasury 0-1 Year Inflation Linked Bond Index, while ACWI tracks MSCI All Country World Index. Their fees differ too: 0.09% for ICPI and 0.32% for ACWI.
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