ISAC.L vs. PACW.L
ISAC.L (iShares MSCI ACWI UCITS ETF USD (Acc)) and PACW.L (Amundi Prime All Country World UCITS ETF Income) are both Global Equities funds - ISAC.L tracks the MSCI ACWI Index while PACW.L tracks the Solactive GBS Global Markets Large & Mid Cap Index. Both are passively managed. Over the past year, ISAC.L returned 28.81% vs 29.05% for PACW.L. Their correlation of 0.93 suggests significant overlap in exposure. ISAC.L charges 0.20%/yr vs 0.07%/yr for PACW.L.
Performance
ISAC.L vs. PACW.L - Performance Comparison
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Different Trading Currencies
ISAC.L is traded in USD, while PACW.L is traded in GBP. To make them comparable, the PACW.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with ISAC.L having a 11.54% return and PACW.L slightly higher at 11.64%.
ISAC.L
- 1D
- -0.10%
- 1M
- 4.26%
- YTD
- 11.54%
- 6M
- 13.01%
- 1Y
- 28.81%
- 3Y*
- 21.19%
- 5Y*
- 11.38%
- 10Y*
- 12.63%
PACW.L
- 1D
- 0.01%
- 1M
- 4.35%
- YTD
- 11.64%
- 6M
- 13.14%
- 1Y
- 29.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ISAC.L vs. PACW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ISAC.L iShares MSCI ACWI UCITS ETF USD (Acc) | 11.54% | 16.74% |
PACW.L Amundi Prime All Country World UCITS ETF Income | 11.64% | 16.91% |
Correlation
The correlation between ISAC.L and PACW.L is 0.92, 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 | 0.92 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025 | 0.93 |
The correlation between ISAC.L and PACW.L has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.
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Return for Risk
ISAC.L vs. PACW.L — Risk / Return Rank
ISAC.L
PACW.L
ISAC.L vs. PACW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) and Amundi Prime All Country World UCITS ETF Income (PACW.L). 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.
| ISAC.L | PACW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.45 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 3.16 | +0.11 |
| Martin ratioReturn relative to average drawdown | 13.72 | 13.73 | -0.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ISAC.L | PACW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.31 | 2.45 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 1.50 | -0.75 |
Drawdowns
ISAC.L vs. PACW.L - Drawdown Comparison
The maximum ISAC.L drawdown since its inception was -33.82%, which is greater than PACW.L's maximum drawdown of -16.93%. Use the drawdown chart below to compare losses from any high point for ISAC.L and PACW.L.
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Drawdown Indicators
| ISAC.L | PACW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.82% | -16.93% | -16.89% |
Max Drawdown (1Y)Largest decline over 1 year | -8.77% | -9.14% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -16.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.07% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.82% | — | — |
Current DrawdownCurrent decline from peak | -0.72% | -0.78% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -1.97% | -2.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 2.11% | -0.01% |
Volatility
ISAC.L vs. PACW.L - Volatility Comparison
iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) has a higher volatility of 3.84% compared to Amundi Prime All Country World UCITS ETF Income (PACW.L) at 3.42%. This indicates that ISAC.L's price experiences larger fluctuations and is considered to be riskier than PACW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISAC.L | PACW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.84% | 3.42% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 9.77% | 9.17% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.40% | 11.81% | +0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.57% | 15.34% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.95% | 15.34% | +0.61% |
ISAC.L vs. PACW.L - Expense Ratio Comparison
ISAC.L has a 0.20% expense ratio, which is higher than PACW.L's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ISAC.L vs. PACW.L - Dividend Comparison
ISAC.L has not paid dividends to shareholders, while PACW.L's dividend yield for the trailing twelve months is around 1.23%.
| Position | TTM |
|---|---|
ISAC.L iShares MSCI ACWI UCITS ETF USD (Acc) | 0.00% |
PACW.L Amundi Prime All Country World UCITS ETF Income | 1.23% |
Frequently Asked Questions
With a correlation of 0.92, ISAC.L and PACW.L 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.
On fees, PACW.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PACW.L is cheaper with a 0.07% expense ratio, compared with 0.20% for ISAC.L.
ISAC.L tracks MSCI ACWI Index, while PACW.L tracks Solactive GBS Global Markets Large & Mid Cap Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for ISAC.L and 0.07% for PACW.L.
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