ISX5.L vs. ACWI

Last updated Jun 14, 2026

ISX5.L (iShares Core EURO STOXX 50 UCITS ETF) and ACWI (iShares MSCI ACWI ETF) are both exchange-traded funds - ISX5.L is a Europe Equities fund tracking the MSCI EMU NR EUR, while ACWI is a Global Equities fund tracking the MSCI All Country World Index. Both are passively managed. Over the past 10 years, ISX5.L returned 13.05%/yr vs 13.02%/yr for ACWI. A 0.60 correlation means they provide meaningful diversification when combined. ISX5.L charges 0.00%/yr vs 0.32%/yr for ACWI.

Performance

ISX5.L vs. ACWI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core EURO STOXX 50 UCITS ETF (ISX5.L) and iShares MSCI ACWI ETF (ACWI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ISX5.L achieves a 7.24% return, which is significantly lower than ACWI's 10.59% return. Both investments have delivered pretty close results over the past 10 years, with ISX5.L having a 13.05% annualized return and ACWI not far behind at 13.02%.

ISX5.L

• 1D: 2.46%
• 1M: 3.59%
• YTD: 7.24%
• 6M: 8.56%
• 1Y: 19.84%
• 3Y*: 18.31%
• 5Y*: 10.63%
• 10Y*: 13.05%

ACWI

• 1D: 0.41%
• 1M: -0.11%
• YTD: 10.59%
• 6M: 11.34%
• 1Y: 26.86%
• 3Y*: 19.78%
• 5Y*: 10.88%
• 10Y*: 13.02%

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

ISX5.L vs. ACWI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ISX5.L iShares Core EURO STOXX 50 UCITS ETF	7.24%	37.35%	4.59%	26.91%	-13.63%	13.94%	6.81%	25.61%	1.58%	9.70%
ACWI iShares MSCI ACWI ETF	10.59%	22.41%	17.45%	22.27%	-18.39%	18.66%	16.34%	26.59%	-9.19%	24.33%

Correlation

The correlation between ISX5.L and ACWI is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (10Y) Calculated over the trailing 10-year period	0.57
Correlation (All Time) Calculated using the full available price history since Jan 26, 2010	0.60

The correlation between ISX5.L and ACWI has been stable across timeframes, ranging from 0.54 to 0.63 - a consistent structural relationship.

ISX5.L vs. ACWI - Sectors Allocation Comparison

Sectors	ISX5.L	ACWI
Financial Services	24.5%	15.6%
Industrials	20.7%	10.2%
Technology	18.7%	32.2%
Consumer Cyclical	9.9%	8.7%
Consumer Defensive	5.6%	4.7%
Healthcare	5.2%	8.1%
Energy	5.0%	3.9%
Utilities	4.6%	2.7%
Basic Materials	3.5%	3.6%
Communication Services	2.4%	8.2%
Real Estate	-	1.6%

Return for Risk

ISX5.L vs. ACWI — Risk / Return Rank

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

ISX5.L

ISX5.L Risk / Return Rank: 32
ISX5.L Sharpe Ratio Rank: 31
ISX5.L Sortino Ratio Rank: 32
ISX5.L Omega Ratio Rank: 31
ISX5.L Calmar Ratio Rank: 32
ISX5.L Martin Ratio Rank: 35

ACWI

ACWI Risk / Return Rank: 67
ACWI Sharpe Ratio Rank: 67
ACWI Sortino Ratio Rank: 66
ACWI Omega Ratio Rank: 67
ACWI Calmar Ratio Rank: 61
ACWI Martin Ratio Rank: 71

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.

ISX5.L vs. ACWI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core EURO STOXX 50 UCITS ETF (ISX5.L) 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.

	ISX5.L	ACWI	Difference
Sharpe ratio: Return per unit of total volatility	0.98	1.90	-0.92
Sortino ratio: Return per unit of downside risk	1.55	2.62	-1.07
Omega ratio: Gain probability vs. loss probability	1.19	1.35	-0.16
Calmar ratio: Return relative to maximum drawdown	1.39	2.62	-1.23
Martin ratio: Return relative to average drawdown	4.69	11.46	-6.78

ISX5.L vs. ACWI - Sharpe Ratio Comparison

The current ISX5.L Sharpe Ratio is 0.98, which is lower than the ACWI Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of ISX5.L 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.

Drawdowns

ISX5.L vs. ACWI - Drawdown Comparison

The maximum ISX5.L drawdown since its inception was -38.62%, smaller than the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for ISX5.L and ACWI.

Drawdown Indicators

	ISX5.L	ACWI	Difference
Max Drawdown Largest peak-to-trough decline	-38.62%	-56.00%	+17.38%
Max Drawdown (1Y) Largest decline over 1 year	-12.92%	-9.73%	-3.19%
Max Drawdown (3Y) Largest decline over 3 years	-15.36%	-16.55%	+1.19%
Max Drawdown (5Y) Largest decline over 5 years	-34.86%	-26.42%	-8.44%
Max Drawdown (10Y) Largest decline over 10 years	-38.62%	-33.53%	-5.09%
Current Drawdown Current decline from peak	-0.19%	-2.19%	+2.00%
Average Drawdown Average peak-to-trough decline	-8.34%	-8.60%	+0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.85%	2.22%	+1.63%

Volatility

ISX5.L vs. ACWI - Volatility Comparison

iShares Core EURO STOXX 50 UCITS ETF (ISX5.L) and iShares MSCI ACWI ETF (ACWI) have volatilities of 5.29% and 5.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ISX5.L	ACWI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.29%	5.17%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	15.25%	11.09%	+4.16%
Volatility (1Y) Calculated over the trailing 1-year period	18.30%	13.42%	+4.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.91%	16.15%	+5.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.97%	17.14%	+4.83%

ISX5.L vs. ACWI - Expense Ratio Comparison

ISX5.L has a 0.00% expense ratio, which is lower than ACWI's 0.32% expense ratio.

Dividends

ISX5.L vs. ACWI - Dividend Comparison

ISX5.L has not paid dividends to shareholders, while ACWI's dividend yield for the trailing twelve months is around 1.40%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACWI iShares MSCI ACWI ETF	1.40%	1.55%	1.70%	1.88%	1.79%	1.71%	1.43%	2.33%	2.18%	1.94%	2.19%	2.56%
ISX5.L iShares Core EURO STOXX 50 UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ISX5.L and ACWI in my portfolio?

ISX5.L and ACWI have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ISX5.L or ACWI?

On fees, ISX5.L is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ISX5.L or ACWI?

ISX5.L is cheaper with a 0.00% expense ratio, compared with 0.32% for ACWI.

What is the main difference between ISX5.L and ACWI?

ISX5.L is categorized as Europe Equities, while ACWI is Global Equities. ISX5.L tracks MSCI EMU NR EUR, while ACWI tracks MSCI All Country World Index. Their fees differ too: 0.00% for ISX5.L and 0.32% for ACWI.