IOO vs. FWD

Last updated Jun 24, 2026

IOO (iShares Global 100 ETF) and FWD (AB Disruptors ETF) are both Global Equities funds. IOO is passively managed, while FWD is actively managed. Over the past 3 years, IOO returned 23.11%/yr vs 37.74%/yr for FWD. Their correlation of 0.83 suggests significant overlap in exposure. IOO charges 0.40%/yr vs 0.65%/yr for FWD.

Performance

IOO vs. FWD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global 100 ETF (IOO) and AB Disruptors ETF (FWD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IOO achieves a 7.38% return, which is significantly lower than FWD's 35.59% return.

IOO

• 1D: -1.40%
• 1M: -3.92%
• YTD: 7.38%
• 6M: 6.92%
• 1Y: 31.18%
• 3Y*: 23.11%
• 5Y*: 15.43%
• 10Y*: 16.63%

FWD

• 1D: -4.88%
• 1M: 3.45%
• YTD: 35.59%
• 6M: 33.13%
• 1Y: 66.65%
• 3Y*: 37.74%
• 5Y*: —
• 10Y*: —

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

IOO vs. FWD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IOO iShares Global 100 ETF	7.38%	27.02%	26.54%	20.20%
FWD AB Disruptors ETF	35.59%	32.00%	29.23%	23.48%

Correlation

The correlation between IOO and FWD is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (All Time) Calculated using the full available price history since Mar 22, 2023	0.83

The correlation between IOO and FWD has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.

IOO vs. FWD - Sectors Allocation Comparison

Sectors	IOO	FWD
Technology	47.0%	59.8%
Communication Services	10.8%	3.4%
Financial Services	9.2%	0.5%
Consumer Cyclical	8.4%	3.6%
Healthcare	8.4%	6.9%
Consumer Defensive	5.6%	0.8%
Industrials	4.8%	19.3%
Energy	3.6%	2.6%
Basic Materials	1.7%	1.9%
Utilities	0.5%	0.3%
Real Estate	0.2%	0.7%

Return for Risk

IOO vs. FWD — Risk / Return Rank

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

IOO

IOO Risk / Return Rank: 69
IOO Sharpe Ratio Rank: 71
IOO Sortino Ratio Rank: 68
IOO Omega Ratio Rank: 68
IOO Calmar Ratio Rank: 66
IOO Martin Ratio Rank: 74

FWD

FWD Risk / Return Rank: 81
FWD Sharpe Ratio Rank: 83
FWD Sortino Ratio Rank: 73
FWD Omega Ratio Rank: 74
FWD Calmar Ratio Rank: 89
FWD Martin Ratio Rank: 87

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.

IOO vs. FWD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global 100 ETF (IOO) and AB Disruptors ETF (FWD). 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.

	IOO	FWD	Difference
Sharpe ratio: Return per unit of total volatility	2.20	2.51	-0.31
Sortino ratio: Return per unit of downside risk	2.98	3.02	-0.04
Omega ratio: Gain probability vs. loss probability	1.39	1.41	-0.02
Calmar ratio: Return relative to maximum drawdown	3.15	5.14	-1.99
Martin ratio: Return relative to average drawdown	13.53	17.45	-3.92

IOO vs. FWD - Sharpe Ratio Comparison

The current IOO Sharpe Ratio is 2.20, which is comparable to the FWD Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of IOO and FWD, 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

IOO vs. FWD - Drawdown Comparison

The maximum IOO drawdown since its inception was -55.85%, which is greater than FWD's maximum drawdown of -29.02%. Use the drawdown chart below to compare losses from any high point for IOO and FWD.

Drawdown Indicators

	IOO	FWD	Difference
Max Drawdown Largest peak-to-trough decline	-55.85%	-29.02%	-26.83%
Max Drawdown (1Y) Largest decline over 1 year	-9.94%	-13.03%	+3.09%
Max Drawdown (3Y) Largest decline over 3 years	-19.19%	-29.02%	+9.83%
Max Drawdown (5Y) Largest decline over 5 years	-23.52%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-31.43%	—	—
Current Drawdown Current decline from peak	-5.61%	-4.88%	-0.73%
Average Drawdown Average peak-to-trough decline	-11.25%	-4.06%	-7.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	3.83%	-1.52%

Volatility

IOO vs. FWD - Volatility Comparison

The current volatility for iShares Global 100 ETF (IOO) is 5.30%, while AB Disruptors ETF (FWD) has a volatility of 12.86%. This indicates that IOO experiences smaller price fluctuations and is considered to be less risky than FWD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IOO	FWD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.30%	12.86%	-7.56%
Volatility (6M) Calculated over the trailing 6-month period	11.51%	21.86%	-10.35%
Volatility (1Y) Calculated over the trailing 1-year period	14.27%	26.73%	-12.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.17%	25.39%	-8.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.73%	25.39%	-7.66%

IOO vs. FWD - Expense Ratio Comparison

IOO has a 0.40% expense ratio, which is lower than FWD's 0.65% expense ratio.

Dividends

IOO vs. FWD - Dividend Comparison

IOO's dividend yield for the trailing twelve months is around 0.86%, more than FWD's 0.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FWD AB Disruptors ETF	0.08%	0.11%	1.89%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IOO iShares Global 100 ETF	0.86%	0.92%	1.08%	1.49%	2.00%	1.53%	1.49%	2.02%	2.54%	2.23%	2.75%	2.89%

Frequently Asked Questions

Can I hold both IOO and FWD in my portfolio?

IOO and FWD have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IOO or FWD?

FWD has higher volatility (12.86%) compared to IOO (5.30%). In terms of maximum drawdown, IOO dropped -55.85% vs FWD's -29.02%.

Which ETF is better, IOO or FWD?

On 3-year performance, FWD leads with 37.74% vs 23.11% for IOO. On fees, IOO is cheaper at 0.40% per year. On volatility, IOO has been the lower-risk option at 5.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IOO or FWD?

Over the 3-year period, FWD has performed better with a 37.74% return vs 23.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IOO or FWD?

IOO is cheaper with a 0.40% expense ratio, compared with 0.65% for FWD.

Which ETF pays a higher dividend yield, IOO or FWD?

IOO has the higher dividend yield at 0.86%, compared with 0.08% for FWD.

What is the main difference between IOO and FWD?

They also come from different issuers: iShares and AllianceBernstein. Their fees differ too: 0.40% for IOO and 0.65% for FWD.

Which has better risk-adjusted returns?

FWD currently has the higher Sharpe Ratio (2.51 vs 2.20), 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.