IYE vs. ACWI

Last updated Jun 4, 2026

IYE (iShares U.S. Energy ETF) and ACWI (iShares MSCI ACWI ETF) are both exchange-traded funds - IYE is a Energy Equities fund tracking the Dow Jones U.S. Oil & Gas Index, while ACWI is a Global Equities fund tracking the MSCI All Country World Index. Both are passively managed. Over the past 10 years, IYE returned 9.00%/yr vs 12.85%/yr for ACWI. A 0.62 correlation means they provide meaningful diversification when combined. IYE charges 0.42%/yr vs 0.32%/yr for ACWI.

Performance

IYE vs. ACWI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Energy ETF (IYE) 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, IYE achieves a 31.90% return, which is significantly higher than ACWI's 12.13% return. Over the past 10 years, IYE has underperformed ACWI with an annualized return of 9.00%, while ACWI has yielded a comparatively higher 12.85% annualized return.

IYE

• 1D: 1.33%
• 1M: -1.02%
• YTD: 31.90%
• 6M: 29.37%
• 1Y: 44.08%
• 3Y*: 17.12%
• 5Y*: 19.52%
• 10Y*: 9.00%

ACWI

• 1D: -0.83%
• 1M: 5.28%
• YTD: 12.13%
• 6M: 12.96%
• 1Y: 29.18%
• 3Y*: 21.15%
• 5Y*: 11.28%
• 10Y*: 12.85%

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

IYE vs. ACWI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IYE iShares U.S. Energy ETF	31.90%	7.33%	6.06%	-2.21%	60.21%	53.42%	-33.49%	10.03%	-19.37%	-1.80%
ACWI iShares MSCI ACWI ETF	12.13%	22.41%	17.45%	22.27%	-18.39%	18.66%	16.34%	26.59%	-9.19%	24.33%

Correlation

The correlation between IYE and ACWI is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (10Y) Calculated over the trailing 10-year period	0.48
Correlation (All Time) Calculated using the full available price history since Mar 31, 2008	0.62

The correlation between IYE and ACWI shifts across timeframes, from -0.06 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.

IYE vs. ACWI - Sectors Allocation Comparison

Sectors	IYE	ACWI
Energy	98.9%	4.2%
Technology	1.1%	29.4%
Basic Materials	-	3.7%
Communication Services	-	9.0%
Consumer Cyclical	-	9.3%
Consumer Defensive	-	5.0%
Financial Services	-	16.1%
Healthcare	-	8.1%
Industrials	-	10.9%
Real Estate	-	1.8%
Utilities	-	2.6%

Return for Risk

IYE vs. ACWI — Risk / Return Rank

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

IYE

IYE Risk / Return Rank: 63
IYE Sharpe Ratio Rank: 65
IYE Sortino Ratio Rank: 60
IYE Omega Ratio Rank: 57
IYE Calmar Ratio Rank: 73
IYE Martin Ratio Rank: 60

ACWI

ACWI Risk / Return Rank: 66
ACWI Sharpe Ratio Rank: 68
ACWI Sortino Ratio Rank: 67
ACWI Omega Ratio Rank: 67
ACWI Calmar Ratio Rank: 59
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.

IYE vs. ACWI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Energy ETF (IYE) 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.

	IYE	ACWI	Difference
Sharpe ratio: Return per unit of total volatility	2.22	2.29	-0.07
Sortino ratio: Return per unit of downside risk	2.86	3.17	-0.31
Omega ratio: Gain probability vs. loss probability	1.36	1.41	-0.06
Calmar ratio: Return relative to maximum drawdown	3.72	3.01	+0.70
Martin ratio: Return relative to average drawdown	10.99	13.53	-2.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IYE vs. ACWI - Sharpe Ratio Comparison

The current IYE Sharpe Ratio is 2.22, which is comparable to the ACWI Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of IYE 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.

Sharpe Ratios by Period

	IYE	ACWI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.22	2.29	-0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.71	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	0.75	-0.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.43	-0.17

Drawdowns

IYE vs. ACWI - Drawdown Comparison

The maximum IYE drawdown since its inception was -73.74%, which is greater than ACWI's maximum drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for IYE and ACWI.

Drawdown Indicators

	IYE	ACWI	Difference
Max Drawdown Largest peak-to-trough decline	-73.74%	-56.00%	-17.74%
Max Drawdown (1Y) Largest decline over 1 year	-11.92%	-9.73%	-2.19%
Max Drawdown (3Y) Largest decline over 3 years	-20.37%	-16.55%	-3.82%
Max Drawdown (5Y) Largest decline over 5 years	-25.61%	-26.42%	+0.81%
Max Drawdown (10Y) Largest decline over 10 years	-68.59%	-33.53%	-35.06%
Current Drawdown Current decline from peak	-5.77%	-0.83%	-4.94%
Average Drawdown Average peak-to-trough decline	-19.36%	-8.61%	-10.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.02%	2.16%	+1.86%

Volatility

IYE vs. ACWI - Volatility Comparison

iShares U.S. Energy ETF (IYE) has a higher volatility of 7.92% compared to iShares MSCI ACWI ETF (ACWI) at 3.93%. This indicates that IYE'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.

Volatility by Period

	IYE	ACWI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.92%	3.93%	+3.99%
Volatility (6M) Calculated over the trailing 6-month period	16.13%	10.29%	+5.84%
Volatility (1Y) Calculated over the trailing 1-year period	19.99%	12.78%	+7.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.71%	16.05%	+9.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.52%	17.11%	+12.41%

IYE vs. ACWI - Expense Ratio Comparison

IYE has a 0.42% expense ratio, which is higher than ACWI's 0.32% expense ratio.

Dividends

IYE vs. ACWI - Dividend Comparison

IYE's dividend yield for the trailing twelve months is around 2.13%, more than ACWI's 1.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACWI iShares MSCI ACWI ETF	1.38%	1.55%	1.70%	1.88%	1.79%	1.71%	1.43%	2.33%	2.18%	1.94%	2.19%	2.56%
IYE iShares U.S. Energy ETF	2.13%	2.85%	2.75%	2.99%	3.37%	2.98%	4.75%	6.60%	3.16%	2.66%	2.11%	3.39%

Frequently Asked Questions

Can I hold both IYE and ACWI in my portfolio?

IYE and ACWI have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IYE or ACWI?

IYE has higher volatility (7.92%) compared to ACWI (3.93%). In terms of maximum drawdown, IYE dropped -73.74% vs ACWI's -56.00%.

Which ETF is better, IYE or ACWI?

On 10-year performance, ACWI leads with 12.85% vs 9.00% for IYE. On fees, ACWI is cheaper at 0.32% per year. On volatility, ACWI has been the lower-risk option at 3.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IYE or ACWI?

Over the 10-year period, ACWI has performed better with a 12.85% return vs 9.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IYE or ACWI?

ACWI is cheaper with a 0.32% expense ratio, compared with 0.42% for IYE.

Which ETF pays a higher dividend yield, IYE or ACWI?

IYE has the higher dividend yield at 2.13%, compared with 1.38% for ACWI.

What is the main difference between IYE and ACWI?

IYE is categorized as Energy Equities, while ACWI is Global Equities. IYE tracks Dow Jones U.S. Oil & Gas Index, while ACWI tracks MSCI All Country World Index. Their fees differ too: 0.42% for IYE and 0.32% for ACWI.

Which has better risk-adjusted returns?

ACWI currently has the higher Sharpe Ratio (2.29 vs 2.22), 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.