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IRBO vs. ACWI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IRBO vs. ACWI

Last updated Aug 4, 2026
Documentation

IRBO (iShares Future AI & Tech ETF) and ACWI (iShares MSCI ACWI ETF) are both exchange-traded funds - IRBO is a Artificial Intelligence fund tracking the Morningstar Global Artificial Intelligence Select Index, while ACWI is a Global Equities fund tracking the MSCI All Country World Index. Both are passively managed. Over the past 5 years, IRBO returned 10.52%/yr vs 10.91%/yr for ACWI. Their correlation of 0.85 means they have usually moved in the same direction. IRBO charges 0.47%/yr vs 0.32%/yr for ACWI.

Performance

IRBO vs. ACWI - Performance Comparison

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

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Returns By Period

In the year-to-date period, IRBO achieves a 43.11% return, which is significantly higher than ACWI's 12.35% return.

IRBO

1D
3.39%
1M
-3.07%
6M
32.62%
YTD
43.11%
1Y
63.16%
3Y*
28.37%
5Y*
10.52%
10Y*
—
ALL TIME*
15.10%

ACWI

1D
0.97%
1M
1.15%
6M
8.65%
YTD
12.35%
1Y
24.97%
3Y*
19.75%
5Y*
10.91%
10Y*
12.51%
ALL TIME*
8.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

ACWI

iShares MSCI ACWI ETF
$355.08M$458.17M$501.32M

IRBO

iShares Future AI & Tech ETF
$35.64M$36.90M$59.33M

IRBO vs. ACWI - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
IRBO
iShares Future AI & Tech ETF		43.11%29.97%8.02%36.37%-37.89%6.32%48.85%34.47%-13.76%
ACWI
iShares MSCI ACWI ETF		12.35%22.41%17.45%22.27%-18.39%18.66%16.34%26.59%-8.04%

Correlation

The correlation between IRBO and ACWI is 0.82, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.82

Correlation (3Y)
Balances recent behavior with more history.

0.82

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.85

Correlation (All Time)
Calculated using the full available price history since Jun 28, 2018

0.85

The correlation between IRBO and ACWI has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.

IRBO vs. ACWI - Sectors Allocation Comparison

Sectors
IRBO
ACWI

Technology

83.8%
32.7%

Communication Services

5.5%
8.0%

Industrials

4.7%
10.8%

Utilities

3.2%
2.4%

Consumer Cyclical

2.9%
8.7%

Real Estate

1.2%
1.6%

Consumer Defensive

0.0%
4.7%

Healthcare

0.0%
8.3%

Basic Materials

-

3.4%

Energy

-

3.6%

Financial Services

-

16.0%

Technology

IRBO
83.8%
ACWI
32.7%

Communication Services

IRBO
5.5%
ACWI
8.0%

Industrials

IRBO
4.7%
ACWI
10.8%

Utilities

IRBO
3.2%
ACWI
2.4%

Consumer Cyclical

IRBO
2.9%
ACWI
8.7%

Real Estate

IRBO
1.2%
ACWI
1.6%

Consumer Defensive

IRBO
0.0%
ACWI
4.7%

Healthcare

IRBO
0.0%
ACWI
8.3%

Basic Materials

IRBO

-

ACWI
3.4%

Energy

IRBO

-

ACWI
3.6%

Financial Services

IRBO

-

ACWI
16.0%

Compare stocks, funds, or ETFs

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

iShares Future AI & Tech ETF

iShares MSCI ACWI ETF

Often compared with IRBO:
IRBO vs. BOTZIRBO vs. ROBOIRBO vs. AIQIRBO vs. ROBTIRBO vs. ARKQIRBO vs. IBOTIRBO vs. IGPT
Often compared with ACWI:
ACWI vs. VTACWI vs. SPYACWI vs. VWRL.LACWI vs. ACWXACWI vs. VOOACWI vs. ACWI.LACWI vs. VTI

Return for Risk

IRBO vs. ACWI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IRBO
IRBO Risk / Return Rank: 6969
Overall Rank
IRBO Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
IRBO Sortino Ratio Rank: 6464
Sortino Ratio Rank
IRBO Omega Ratio Rank: 6565
Omega Ratio Rank
IRBO Calmar Ratio Rank: 7474
Calmar Ratio Rank
IRBO Martin Ratio Rank: 6868
Martin Ratio Rank
ACWI
ACWI Risk / Return Rank: 7777
Overall Rank
ACWI Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
ACWI Sortino Ratio Rank: 7676
Sortino Ratio Rank
ACWI Omega Ratio Rank: 7676
Omega Ratio Rank
ACWI Calmar Ratio Rank: 7373
Calmar Ratio Rank
ACWI Martin Ratio Rank: 8181
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IRBO vs. ACWI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Future AI & Tech ETF (IRBO) 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.

IRBOACWIDifference
Sharpe ratioReturn per unit of total volatility
1.70
1.80

-0.10

Sortino ratioReturn per unit of downside risk
2.18
2.49

-0.31

Omega ratioGain probability vs. loss probability

1.28

1.32

-0.04

Calmar ratioReturn relative to maximum drawdown

2.64

2.58

+0.07

Martin ratioReturn relative to average drawdown

8.49

10.76

-2.27

IRBO vs. ACWI - Sharpe Ratio Comparison

The current IRBO Sharpe Ratio is 1.70, which is comparable to the ACWI Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of IRBO 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

IRBO vs. ACWI - Drawdown Comparison

The maximum IRBO drawdown since its inception was -54.50%, roughly equal to the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for IRBO and ACWI.

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Drawdown Indicators

IRBOACWIDifference

Max Drawdown

Largest peak-to-trough decline

-54.50%

-56.00%

+1.50%

Max Drawdown (1Y)

Largest decline over 1 year

-24.00%

-9.73%

-14.27%

Max Drawdown (3Y)

Largest decline over 3 years

-32.44%

-16.55%

-15.89%

Max Drawdown (5Y)

Largest decline over 5 years

-50.53%

-26.42%

-24.11%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.53%

—

Current Drawdown

Current decline from peak

-14.61%

-0.63%

-13.98%

Average Drawdown

Average peak-to-trough decline

-19.68%

-8.55%

-11.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.46%

2.33%

+5.13%

Volatility

IRBO vs. ACWI - Volatility Comparison

iShares Future AI & Tech ETF (IRBO) has a higher volatility of 14.41% compared to iShares MSCI ACWI ETF (ACWI) at 4.14%. This indicates that IRBO's price experiences larger fluctuations and is considered to be riskier 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

IRBOACWIDifference

Volatility (1M)

Calculated over the trailing 1-month period

14.41%

4.14%

+10.27%

Volatility (6M)

Calculated over the trailing 6-month period

33.09%

11.71%

+21.38%

Volatility (1Y)

Calculated over the trailing 1-year period

37.42%

13.99%

+23.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

30.34%

16.23%

+14.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.65%

17.07%

+11.58%

IRBO vs. ACWI - Expense Ratio Comparison

IRBO has a 0.47% expense ratio, which is higher than ACWI's 0.32% expense ratio.

Dividends

IRBO vs. ACWI - Dividend Comparison

IRBO's dividend yield for the trailing twelve months is around 0.06%, less than ACWI's 1.42% yield.

PositionTTM20252024202320222021202020192018201720162015
ACWI
iShares MSCI ACWI ETF		1.42%1.55%1.70%1.88%1.79%1.71%1.43%2.33%2.18%1.94%2.19%2.56%
IRBO
iShares Future AI & Tech ETF		0.06%0.00%0.50%0.88%0.75%2.41%0.53%0.69%0.34%0.00%0.00%0.00%

Frequently Asked Questions

IRBO and ACWI have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IRBO has higher volatility (14.41%) compared to ACWI (4.14%). In terms of maximum drawdown, IRBO dropped -54.50% vs ACWI's -56.00%.

On 5-year performance, ACWI leads with 10.91% vs 10.52% for IRBO. On fees, ACWI is cheaper at 0.32% per year. On volatility, ACWI has been the lower-risk option at 4.14%. 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 10.91% return vs 10.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ACWI is cheaper with a 0.32% expense ratio, compared with 0.47% for IRBO.

ACWI has the higher dividend yield at 1.42%, compared with 0.06% for IRBO.

IRBO is categorized as Artificial Intelligence, while ACWI is Global Equities. IRBO tracks Morningstar Global Artificial Intelligence Select Index, while ACWI tracks MSCI All Country World Index. Their fees differ too: 0.47% for IRBO and 0.32% for ACWI.

ACWI currently has the higher Sharpe Ratio (1.80 vs 1.70), 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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