IRTR vs. ACWI
IRTR (iShares LifePath Retirement ETF) and ACWI (iShares MSCI ACWI ETF) are both exchange-traded funds - IRTR is a Target Retirement Date fund actively managed by iShares, while ACWI is a Global Equities fund tracking the MSCI All Country World Index. IRTR is actively managed, while ACWI is passively managed. Over the past year, IRTR returned 12.19% vs 24.26% for ACWI. Their correlation of 0.86 suggests significant overlap in exposure. IRTR charges 0.08%/yr vs 0.32%/yr for ACWI.
Performance
IRTR vs. ACWI - Performance Comparison
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Returns By Period
In the year-to-date period, IRTR achieves a 4.92% return, which is significantly lower than ACWI's 10.05% return.
IRTR
- 1D
- 0.15%
- 1M
- -0.03%
- YTD
- 4.92%
- 6M
- 4.52%
- 1Y
- 12.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ACWI
- 1D
- 0.30%
- 1M
- -1.35%
- YTD
- 10.05%
- 6M
- 9.11%
- 1Y
- 24.26%
- 3Y*
- 20.14%
- 5Y*
- 10.69%
- 10Y*
- 13.32%
IRTR vs. ACWI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IRTR iShares LifePath Retirement ETF | 4.92% | 12.70% | 7.59% | 11.03% |
ACWI iShares MSCI ACWI ETF | 10.05% | 22.41% | 17.45% | 11.28% |
Correlation
The correlation between IRTR and ACWI is 0.91, 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 | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023 | 0.86 |
The correlation between IRTR and ACWI has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.
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Return for Risk
IRTR vs. ACWI — Risk / Return Rank
IRTR
ACWI
IRTR vs. ACWI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares LifePath Retirement ETF (IRTR) 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.
| IRTR | ACWI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.33 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 2.50 | +0.04 |
| Martin ratioReturn relative to average drawdown | 10.97 | 10.83 | +0.14 |
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Drawdowns
IRTR vs. ACWI - Drawdown Comparison
The maximum IRTR drawdown since its inception was -6.29%, smaller than the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for IRTR and ACWI.
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Drawdown Indicators
| IRTR | ACWI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.29% | -56.00% | +49.71% |
Max Drawdown (1Y)Largest decline over 1 year | -4.82% | -9.73% | +4.91% |
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 | -0.62% | -2.67% | +2.05% |
Average DrawdownAverage peak-to-trough decline | -0.78% | -8.59% | +7.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 2.24% | -1.13% |
Volatility
IRTR vs. ACWI - Volatility Comparison
The current volatility for iShares LifePath Retirement ETF (IRTR) is 2.44%, while iShares MSCI ACWI ETF (ACWI) has a volatility of 5.44%. This indicates that IRTR 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
| IRTR | ACWI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.44% | 5.44% | -3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 5.29% | 11.34% | -6.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.30% | 13.56% | -7.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.10% | 16.19% | -9.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.10% | 17.07% | -9.97% |
IRTR vs. ACWI - Expense Ratio Comparison
IRTR has a 0.08% expense ratio, which is lower than ACWI's 0.32% expense ratio.
Dividends
IRTR vs. ACWI - Dividend Comparison
IRTR's dividend yield for the trailing twelve months is around 3.00%, more than ACWI's 1.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IRTR iShares LifePath Retirement ETF | 3.00% | 3.03% | 3.03% | 0.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, IRTR and ACWI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
ACWI has higher volatility (5.44%) compared to IRTR (2.44%). In terms of maximum drawdown, IRTR dropped -6.29% vs ACWI's -56.00%.
On 1-year performance, ACWI leads with 24.26% vs 12.19% for IRTR. On fees, IRTR is cheaper at 0.08% per year. On volatility, IRTR has been the lower-risk option at 2.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ACWI has performed better with a 24.26% return vs 12.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IRTR is cheaper with a 0.08% expense ratio, compared with 0.32% for ACWI.
IRTR has the higher dividend yield at 3.00%, compared with 1.45% for ACWI.
IRTR is categorized as Target Retirement Date, while ACWI is Global Equities. Their fees differ too: 0.08% for IRTR and 0.32% for ACWI.
IRTR currently has the higher Sharpe Ratio (1.94 vs 1.80), 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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