PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IJJ vs. ACWI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJJ vs. ACWI

Last updated Jun 4, 2026

IJJ (iShares S&P Mid-Cap 400 Value ETF) and ACWI (iShares MSCI ACWI ETF) are both exchange-traded funds - IJJ is a Mid Cap Value Equities fund tracking the S&P MidCap 400 Value Index, while ACWI is a Global Equities fund tracking the MSCI All Country World Index. Both are passively managed. Over the past 10 years, IJJ returned 10.32%/yr vs 12.85%/yr for ACWI. Their correlation of 0.83 suggests significant overlap in exposure. IJJ charges 0.18%/yr vs 0.32%/yr for ACWI.

Performance

IJJ vs. ACWI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P Mid-Cap 400 Value ETF (IJJ) and iShares MSCI ACWI ETF (ACWI). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, IJJ achieves a 8.95% return, which is significantly lower than ACWI's 12.13% return. Over the past 10 years, IJJ has underperformed ACWI with an annualized return of 10.32%, while ACWI has yielded a comparatively higher 12.85% annualized return.

IJJ

1D
-0.36%
1M
1.82%
YTD
8.95%
6M
9.26%
1Y
20.64%
3Y*
13.80%
5Y*
7.43%
10Y*
10.32%

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)

IJJ vs. ACWI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IJJ
iShares S&P Mid-Cap 400 Value ETF		8.95%7.27%11.63%15.24%-7.11%30.45%3.56%25.66%-12.06%12.04%
ACWI
iShares MSCI ACWI ETF		12.13%22.41%17.45%22.27%-18.39%18.66%16.34%26.59%-9.19%24.33%

Correlation

The correlation between IJJ and ACWI is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.68

Correlation (3Y)
Calculated over the trailing 3-year period

0.75

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

0.81

Correlation (10Y)
Calculated over the trailing 10-year period

0.79

Correlation (All Time)
Calculated using the full available price history since Mar 31, 2008

0.83

The correlation between IJJ and ACWI shifts across timeframes, from 0.68 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.

IJJ vs. ACWI - Sectors Allocation Comparison

Sectors
IJJ
ACWI

Financial Services

21.8%
16.1%

Industrials

18.8%
10.9%

Consumer Cyclical

13.5%
9.3%

Real Estate

9.6%
1.8%

Technology

9.3%
29.4%

Energy

7.4%
4.2%

Basic Materials

6.0%
3.7%

Consumer Defensive

5.5%
5.0%

Utilities

4.2%
2.6%

Healthcare

3.5%
8.1%

Communication Services

0.5%
9.0%

Financial Services

IJJ
21.8%
ACWI
16.1%

Industrials

IJJ
18.8%
ACWI
10.9%

Consumer Cyclical

IJJ
13.5%
ACWI
9.3%

Real Estate

IJJ
9.6%
ACWI
1.8%

Technology

IJJ
9.3%
ACWI
29.4%

Energy

IJJ
7.4%
ACWI
4.2%

Basic Materials

IJJ
6.0%
ACWI
3.7%

Consumer Defensive

IJJ
5.5%
ACWI
5.0%

Utilities

IJJ
4.2%
ACWI
2.6%

Healthcare

IJJ
3.5%
ACWI
8.1%

Communication Services

IJJ
0.5%
ACWI
9.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P Mid-Cap 400 Value ETF

iShares MSCI ACWI ETF

Often compared with IJJ:
IJJ vs. IJHIJJ vs. VOEIJJ vs. SPYIJJ vs. PSRIJJ vs. VOOIJJ vs. IVVIJJ vs. VBR
Often compared with ACWI:
ACWI vs. VTACWI vs. SPYACWI vs. VWRL.LACWI vs. ACWXACWI vs. ACWI.LACWI vs. VOOACWI vs. VTI

Return for Risk

IJJ vs. ACWI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IJJ
IJJ Risk / Return Rank: 3838
Overall Rank
IJJ Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
IJJ Sortino Ratio Rank: 3939
Sortino Ratio Rank
IJJ Omega Ratio Rank: 3535
Omega Ratio Rank
IJJ Calmar Ratio Rank: 3939
Calmar Ratio Rank
IJJ Martin Ratio Rank: 4141
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.

IJJ vs. ACWI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P Mid-Cap 400 Value ETF (IJJ) 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.

IJJACWIDifference
Sharpe ratioReturn per unit of total volatility
1.36
2.29

-0.94

Sortino ratioReturn per unit of downside risk
2.06
3.17

-1.10

Omega ratioGain probability vs. loss probability

1.24

1.41

-0.17

Calmar ratioReturn relative to maximum drawdown

1.96

3.01

-1.06

Martin ratioReturn relative to average drawdown

6.76

13.53

-6.77

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IJJ vs. ACWI - Sharpe Ratio Comparison

The current IJJ Sharpe Ratio is 1.36, which is lower than the ACWI Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of IJJ 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.

Loading charts...

Sharpe Ratios by Period

IJJACWIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.36

2.29

-0.94

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.38

0.71

-0.32

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.47

0.75

-0.28

Sharpe Ratio (All Time)

Calculated using the full available price history

0.47

0.43

+0.05

Drawdowns

IJJ vs. ACWI - Drawdown Comparison

The maximum IJJ drawdown since its inception was -58.00%, roughly equal to the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for IJJ and ACWI.

Loading charts...

Drawdown Indicators

IJJACWIDifference

Max Drawdown

Largest peak-to-trough decline

-58.00%

-56.00%

-2.00%

Max Drawdown (1Y)

Largest decline over 1 year

-10.59%

-9.73%

-0.86%

Max Drawdown (3Y)

Largest decline over 3 years

-22.68%

-16.55%

-6.13%

Max Drawdown (5Y)

Largest decline over 5 years

-22.68%

-26.42%

+3.74%

Max Drawdown (10Y)

Largest decline over 10 years

-46.11%

-33.53%

-12.58%

Current Drawdown

Current decline from peak

-0.36%

-0.83%

+0.47%

Average Drawdown

Average peak-to-trough decline

-7.94%

-8.61%

+0.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.06%

2.16%

+0.90%

Volatility

IJJ vs. ACWI - Volatility Comparison

iShares S&P Mid-Cap 400 Value ETF (IJJ) and iShares MSCI ACWI ETF (ACWI) have volatilities of 3.81% and 3.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IJJACWIDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.81%

3.93%

-0.12%

Volatility (6M)

Calculated over the trailing 6-month period

10.67%

10.29%

+0.38%

Volatility (1Y)

Calculated over the trailing 1-year period

15.33%

12.78%

+2.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.57%

16.05%

+3.52%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.04%

17.11%

+4.93%

IJJ vs. ACWI - Expense Ratio Comparison

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

Dividends

IJJ vs. ACWI - Dividend Comparison

IJJ's dividend yield for the trailing twelve months is around 1.64%, more 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%
IJJ
iShares S&P Mid-Cap 400 Value ETF		1.64%1.79%1.81%1.68%1.97%1.62%1.78%1.70%2.01%1.52%1.67%1.83%

Frequently Asked Questions

IJJ and ACWI have a correlation of 0.68, 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 IJJ (3.81%). In terms of maximum drawdown, IJJ dropped -58.00% vs ACWI's -56.00%.

On 10-year performance, ACWI leads with 12.85% vs 10.32% for IJJ. On fees, IJJ is cheaper at 0.18% per year. On volatility, IJJ has been the lower-risk option at 3.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, ACWI has performed better with a 12.85% return vs 10.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

IJJ has the higher dividend yield at 1.64%, compared with 1.38% for ACWI.

IJJ is categorized as Mid Cap Value Equities, while ACWI is Global Equities. IJJ tracks S&P MidCap 400 Value Index, while ACWI tracks MSCI All Country World Index. Their fees differ too: 0.18% for IJJ and 0.32% for ACWI.

ACWI currently has the higher Sharpe Ratio (2.29 vs 1.36), 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

Find the right allocation for IJJ and ACWI

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer