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IYJ vs. ACWI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IYJ vs. ACWI

Last updated Aug 4, 2026
Documentation

IYJ (iShares U.S. Industrials ETF) and ACWI (iShares MSCI ACWI ETF) are both exchange-traded funds - IYJ is a Industrials Equities fund tracking the Dow Jones U.S. Industrials Index, while ACWI is a Global Equities fund tracking the MSCI All Country World Index. Both are passively managed. Over the past 10 years, IYJ returned 12.57%/yr vs 12.51%/yr for ACWI. Their correlation of 0.86 means they have usually moved in the same direction. IYJ charges 0.38%/yr vs 0.32%/yr for ACWI.

Performance

IYJ vs. ACWI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Industrials ETF (IYJ) and iShares MSCI ACWI ETF (ACWI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with IYJ having a 12.88% return and ACWI slightly lower at 12.35%. Both investments have delivered pretty close results over the past 10 years, with IYJ having a 12.57% annualized return and ACWI not far behind at 12.51%.

IYJ

1D
1.71%
1M
0.11%
6M
7.11%
YTD
12.88%
1Y
17.95%
3Y*
16.91%
5Y*
9.36%
10Y*
12.57%
ALL TIME*
8.09%

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

IYJ

iShares U.S. Industrials ETF
$23.95M$14.74M$15.31M

IYJ vs. ACWI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IYJ
iShares U.S. Industrials ETF		12.88%11.94%17.82%19.94%-13.53%17.02%17.37%32.27%-11.69%23.98%
ACWI
iShares MSCI ACWI ETF		12.35%22.41%17.45%22.27%-18.39%18.66%16.34%26.59%-9.19%24.33%

Correlation

The correlation between IYJ and ACWI is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

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

0.71

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

0.79

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

0.85

Correlation (10Y)
Provides a long-term view across more market conditions.

0.84

Correlation (All Time)
Calculated using the full available price history since Mar 28, 2008

0.86

The correlation between IYJ and ACWI shifts across timeframes, from 0.71 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.

IYJ vs. ACWI - Sectors Allocation Comparison

Sectors
IYJ
ACWI

Industrials

65.6%
10.8%

Financial Services

17.3%
16.0%

Technology

7.1%
32.7%

Basic Materials

4.5%
3.4%

Utilities

3.3%
2.4%

Consumer Cyclical

1.6%
8.7%

Healthcare

0.4%
8.3%

Consumer Defensive

0.0%
4.7%

Communication Services

-

8.0%

Energy

-

3.6%

Real Estate

-

1.6%

Industrials

IYJ
65.6%
ACWI
10.8%

Financial Services

IYJ
17.3%
ACWI
16.0%

Technology

IYJ
7.1%
ACWI
32.7%

Basic Materials

IYJ
4.5%
ACWI
3.4%

Utilities

IYJ
3.3%
ACWI
2.4%

Consumer Cyclical

IYJ
1.6%
ACWI
8.7%

Healthcare

IYJ
0.4%
ACWI
8.3%

Consumer Defensive

IYJ
0.0%
ACWI
4.7%

Communication Services

IYJ

-

ACWI
8.0%

Energy

IYJ

-

ACWI
3.6%

Real Estate

IYJ

-

ACWI
1.6%

Compare stocks, funds, or ETFs

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

iShares U.S. Industrials ETF

iShares MSCI ACWI ETF

Often compared with IYJ:
IYJ vs. XLIIYJ vs. VISIYJ vs. EXIIYJ vs. EFIVIYJ vs. FXRIYJ vs. IYKIYJ vs. FXAIX
Often compared with ACWI:
ACWI vs. VTACWI vs. SPYACWI vs. VWRL.LACWI vs. ACWXACWI vs. VOOACWI vs. ACWI.LACWI vs. VTI

Return for Risk

IYJ vs. ACWI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IYJ
IYJ Risk / Return Rank: 4444
Overall Rank
IYJ Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
IYJ Sortino Ratio Rank: 4444
Sortino Ratio Rank
IYJ Omega Ratio Rank: 4040
Omega Ratio Rank
IYJ Calmar Ratio Rank: 4343
Calmar Ratio Rank
IYJ Martin Ratio Rank: 4949
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.

IYJ vs. ACWI - Risk-Adjusted Trends Comparison

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

IYJACWIDifference
Sharpe ratioReturn per unit of total volatility
1.13
1.80

-0.67

Sortino ratioReturn per unit of downside risk
1.66
2.49

-0.83

Omega ratioGain probability vs. loss probability

1.20

1.32

-0.12

Calmar ratioReturn relative to maximum drawdown

1.58

2.58

-1.00

Martin ratioReturn relative to average drawdown

5.80

10.76

-4.97

IYJ vs. ACWI - Sharpe Ratio Comparison

The current IYJ Sharpe Ratio is 1.13, which is lower than the ACWI Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of IYJ 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

IYJ vs. ACWI - Drawdown Comparison

The maximum IYJ drawdown since its inception was -61.97%, which is greater than ACWI's maximum drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for IYJ and ACWI.

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Drawdown Indicators

IYJACWIDifference

Max Drawdown

Largest peak-to-trough decline

-61.97%

-56.00%

-5.97%

Max Drawdown (1Y)

Largest decline over 1 year

-11.39%

-9.73%

-1.66%

Max Drawdown (3Y)

Largest decline over 3 years

-19.67%

-16.55%

-3.12%

Max Drawdown (5Y)

Largest decline over 5 years

-26.24%

-26.42%

+0.18%

Max Drawdown (10Y)

Largest decline over 10 years

-40.20%

-33.53%

-6.67%

Current Drawdown

Current decline from peak

-0.47%

-0.63%

+0.16%

Average Drawdown

Average peak-to-trough decline

-11.15%

-8.55%

-2.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.10%

2.33%

+0.77%

Volatility

IYJ vs. ACWI - Volatility Comparison

iShares U.S. Industrials ETF (IYJ) has a higher volatility of 4.71% compared to iShares MSCI ACWI ETF (ACWI) at 4.14%. This indicates that IYJ'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

IYJACWIDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.71%

4.14%

+0.57%

Volatility (6M)

Calculated over the trailing 6-month period

12.78%

11.71%

+1.07%

Volatility (1Y)

Calculated over the trailing 1-year period

16.00%

13.99%

+2.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.18%

16.23%

+1.95%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.90%

17.07%

+2.83%

IYJ vs. ACWI - Expense Ratio Comparison

IYJ has a 0.38% expense ratio, which is higher than ACWI's 0.32% expense ratio.

Dividends

IYJ vs. ACWI - Dividend Comparison

IYJ's dividend yield for the trailing twelve months is around 0.70%, 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%
IYJ
iShares U.S. Industrials ETF		0.70%0.83%0.88%1.05%1.05%0.76%1.01%1.32%1.43%1.29%1.38%1.53%

Frequently Asked Questions

IYJ and ACWI have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IYJ has higher volatility (4.71%) compared to ACWI (4.14%). In terms of maximum drawdown, IYJ dropped -61.97% vs ACWI's -56.00%.

On 10-year performance, IYJ leads with 12.57% vs 12.51% for ACWI. 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 10-year period, IYJ has performed better with a 12.57% return vs 12.51%. 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 0.38% for IYJ.

ACWI has the higher dividend yield at 1.42%, compared with 0.70% for IYJ.

IYJ is categorized as Industrials Equities, while ACWI is Global Equities. IYJ tracks Dow Jones U.S. Industrials Index, while ACWI tracks MSCI All Country World Index. Their fees differ too: 0.38% for IYJ and 0.32% for ACWI.

ACWI currently has the higher Sharpe Ratio (1.80 vs 1.13), 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.

Portfolio Optimizer

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