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INTF vs. ACWI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

INTF vs. ACWI

Last updated Jun 24, 2026

INTF (iShares MSCI Intl Multifactor ETF) and ACWI (iShares MSCI ACWI ETF) are both exchange-traded funds - INTF is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Diversified Multi-Factor, while ACWI is a Global Equities fund tracking the MSCI All Country World Index. Both are passively managed. Over the past 10 years, INTF returned 9.89%/yr vs 13.09%/yr for ACWI. Their correlation of 0.85 suggests significant overlap in exposure. INTF charges 0.30%/yr vs 0.32%/yr for ACWI.

Performance

INTF vs. ACWI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Intl Multifactor ETF (INTF) and iShares MSCI ACWI ETF (ACWI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with INTF having a 9.41% return and ACWI slightly higher at 9.86%. Over the past 10 years, INTF has underperformed ACWI with an annualized return of 9.89%, while ACWI has yielded a comparatively higher 13.09% annualized return.

INTF

1D
-1.70%
1M
-0.07%
YTD
9.41%
6M
9.06%
1Y
26.10%
3Y*
19.63%
5Y*
9.83%
10Y*
9.89%

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

INTF vs. ACWI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
INTF
iShares MSCI Intl Multifactor ETF		9.41%35.50%5.99%18.25%-12.31%11.70%2.83%18.46%-15.87%28.46%
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 INTF and ACWI is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.86

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

0.83

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

0.87

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

0.87

Correlation (All Time)
Calculated using the full available price history since May 4, 2015

0.85

The correlation between INTF and ACWI has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.

INTF vs. ACWI - Sectors Allocation Comparison

Sectors
INTF
ACWI

Financial Services

26.5%
15.9%

Industrials

19.0%
10.3%

Technology

9.9%
33.0%

Consumer Cyclical

8.5%
8.6%

Healthcare

7.9%
7.7%

Basic Materials

6.8%
3.6%

Consumer Defensive

6.0%
4.7%

Energy

5.1%
3.6%

Utilities

3.9%
2.7%

Communication Services

3.2%
8.0%

Real Estate

2.5%
1.6%

Financial Services

INTF
26.5%
ACWI
15.9%

Industrials

INTF
19.0%
ACWI
10.3%

Technology

INTF
9.9%
ACWI
33.0%

Consumer Cyclical

INTF
8.5%
ACWI
8.6%

Healthcare

INTF
7.9%
ACWI
7.7%

Basic Materials

INTF
6.8%
ACWI
3.6%

Consumer Defensive

INTF
6.0%
ACWI
4.7%

Energy

INTF
5.1%
ACWI
3.6%

Utilities

INTF
3.9%
ACWI
2.7%

Communication Services

INTF
3.2%
ACWI
8.0%

Real Estate

INTF
2.5%
ACWI
1.6%

Compare stocks, funds, or ETFs

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

iShares MSCI Intl Multifactor ETF

iShares MSCI ACWI ETF

Often compared with INTF:
INTF vs. IDHQINTF vs. LRGFINTF vs. VFMFINTF vs. SPYINTF vs. DFAIINTF vs. IVLUINTF vs. DFIV
Often compared with ACWI:
ACWI vs. VTACWI vs. SPYACWI vs. VWRL.LACWI vs. ACWXACWI vs. ACWI.LACWI vs. VOOACWI vs. VTI

Return for Risk

INTF vs. ACWI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
INTF
INTF Risk / Return Rank: 5555
Overall Rank
INTF Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
INTF Sortino Ratio Rank: 5353
Sortino Ratio Rank
INTF Omega Ratio Rank: 5252
Omega Ratio Rank
INTF Calmar Ratio Rank: 5555
Calmar Ratio Rank
INTF Martin Ratio Rank: 6060
Martin Ratio Rank
ACWI
ACWI Risk / Return Rank: 5858
Overall Rank
ACWI Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
ACWI Sortino Ratio Rank: 5656
Sortino Ratio Rank
ACWI Omega Ratio Rank: 5858
Omega Ratio Rank
ACWI Calmar Ratio Rank: 5555
Calmar Ratio Rank
ACWI Martin Ratio Rank: 6565
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.

INTF vs. ACWI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Intl Multifactor ETF (INTF) 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.

INTFACWIDifference
Sharpe ratioReturn per unit of total volatility
1.75
1.89

-0.14

Sortino ratioReturn per unit of downside risk
2.44
2.60

-0.15

Omega ratioGain probability vs. loss probability

1.31

1.34

-0.03

Calmar ratioReturn relative to maximum drawdown

2.57

2.64

-0.07

Martin ratioReturn relative to average drawdown

10.17

11.51

-1.33

INTF vs. ACWI - Sharpe Ratio Comparison

The current INTF Sharpe Ratio is 1.75, which is comparable to the ACWI Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of INTF 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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Drawdowns

INTF vs. ACWI - Drawdown Comparison

The maximum INTF drawdown since its inception was -40.39%, smaller than the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for INTF and ACWI.

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Drawdown Indicators

INTFACWIDifference

Max Drawdown

Largest peak-to-trough decline

-40.39%

-56.00%

+15.61%

Max Drawdown (1Y)

Largest decline over 1 year

-10.20%

-9.73%

-0.47%

Max Drawdown (3Y)

Largest decline over 3 years

-13.64%

-16.55%

+2.91%

Max Drawdown (5Y)

Largest decline over 5 years

-29.26%

-26.42%

-2.84%

Max Drawdown (10Y)

Largest decline over 10 years

-40.39%

-33.53%

-6.86%

Current Drawdown

Current decline from peak

-1.98%

-2.83%

+0.85%

Average Drawdown

Average peak-to-trough decline

-7.66%

-8.59%

+0.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.57%

2.23%

+0.34%

Volatility

INTF vs. ACWI - Volatility Comparison

The current volatility for iShares MSCI Intl Multifactor ETF (INTF) is 4.65%, while iShares MSCI ACWI ETF (ACWI) has a volatility of 5.57%. This indicates that INTF 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

INTFACWIDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.65%

5.57%

-0.92%

Volatility (6M)

Calculated over the trailing 6-month period

12.58%

11.38%

+1.20%

Volatility (1Y)

Calculated over the trailing 1-year period

14.98%

13.64%

+1.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.22%

16.20%

+0.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.12%

17.08%

+0.04%

INTF vs. ACWI - Expense Ratio Comparison

INTF has a 0.30% expense ratio, which is lower than ACWI's 0.32% expense ratio.

Dividends

INTF vs. ACWI - Dividend Comparison

INTF's dividend yield for the trailing twelve months is around 3.06%, more than ACWI's 1.45% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
INTF
iShares MSCI Intl Multifactor ETF		3.06%2.87%3.53%3.59%2.81%5.38%2.06%3.65%2.62%3.26%1.66%0.85%

Frequently Asked Questions

INTF and ACWI have a correlation of 0.86, 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 INTF (4.65%). In terms of maximum drawdown, INTF dropped -40.39% vs ACWI's -56.00%.

On 10-year performance, ACWI leads with 13.09% vs 9.89% for INTF. On fees, INTF is cheaper at 0.30% per year. On volatility, INTF has been the lower-risk option at 4.65%. 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 13.09% return vs 9.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

INTF is cheaper with a 0.30% expense ratio, compared with 0.32% for ACWI.

INTF has the higher dividend yield at 3.06%, compared with 1.45% for ACWI.

INTF is categorized as Foreign Large Cap Equities, while ACWI is Global Equities. INTF tracks MSCI World ex USA Diversified Multi-Factor, while ACWI tracks MSCI All Country World Index. Their fees differ too: 0.30% for INTF and 0.32% for ACWI.

ACWI currently has the higher Sharpe Ratio (1.89 vs 1.75), 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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