IYK vs. ACWI

Last updated Jun 26, 2026

IYK (iShares U.S. Consumer Goods ETF) and ACWI (iShares MSCI ACWI ETF) are both exchange-traded funds - IYK is a Consumer Staples Equities fund tracking the Dow Jones U.S. Consumer Goods Index, while ACWI is a Global Equities fund tracking the MSCI All Country World Index. Both are passively managed. Over the past 10 years, IYK returned 9.60%/yr vs 13.32%/yr for ACWI. A 0.68 correlation means they provide meaningful diversification when combined. IYK charges 0.42%/yr vs 0.32%/yr for ACWI.

Performance

IYK vs. ACWI - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with IYK having a 10.06% return and ACWI slightly lower at 10.05%. Over the past 10 years, IYK has underperformed ACWI with an annualized return of 9.60%, while ACWI has yielded a comparatively higher 13.32% annualized return.

IYK

• 1D: 0.00%
• 1M: 2.22%
• YTD: 10.06%
• 6M: 9.38%
• 1Y: 7.64%
• 3Y*: 5.87%
• 5Y*: 6.18%
• 10Y*: 9.60%

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%

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

IYK vs. ACWI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IYK iShares U.S. Consumer Goods ETF	10.06%	4.78%	5.27%	-2.84%	3.57%	17.32%	32.65%	28.12%	-13.84%	16.53%
ACWI iShares MSCI ACWI ETF	10.05%	22.41%	17.45%	22.27%	-18.39%	18.66%	16.34%	26.59%	-9.19%	24.33%

Correlation

The correlation between IYK and ACWI is -0.02, 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	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since Mar 28, 2008	0.68

The correlation between IYK and ACWI shifts across timeframes, from -0.02 (1 year) to 0.68 (all time), reflecting how their relationship changes across market environments.

IYK vs. ACWI - Sectors Allocation Comparison

Sectors	IYK	ACWI
Consumer Defensive	85.2%	4.7%
Healthcare	10.7%	7.7%
Basic Materials	2.6%	3.6%
Consumer Cyclical	1.4%	8.6%
Industrials	0.1%	10.3%
Communication Services	-	8.0%
Energy	-	3.6%
Financial Services	-	15.9%
Real Estate	-	1.6%
Technology	-	33.0%
Utilities	-	2.7%

Return for Risk

IYK vs. ACWI — Risk / Return Rank

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

IYK

IYK Risk / Return Rank: 18
IYK Sharpe Ratio Rank: 19
IYK Sortino Ratio Rank: 18
IYK Omega Ratio Rank: 17
IYK Calmar Ratio Rank: 18
IYK Martin Ratio Rank: 16

ACWI

ACWI Risk / Return Rank: 63
ACWI Sharpe Ratio Rank: 63
ACWI Sortino Ratio Rank: 62
ACWI Omega Ratio Rank: 63
ACWI Calmar Ratio Rank: 59
ACWI Martin Ratio Rank: 68

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.

IYK vs. ACWI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Consumer Goods ETF (IYK) 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.

	IYK	ACWI	Difference
Sharpe ratio: Return per unit of total volatility	0.60	1.80	-1.19
Sortino ratio: Return per unit of downside risk	0.94	2.48	-1.54
Omega ratio: Gain probability vs. loss probability	1.11	1.33	-0.22
Calmar ratio: Return relative to maximum drawdown	0.72	2.50	-1.79
Martin ratio: Return relative to average drawdown	1.46	10.83	-9.37

IYK vs. ACWI - Sharpe Ratio Comparison

The current IYK Sharpe Ratio is 0.60, which is lower than the ACWI Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of IYK 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

IYK vs. ACWI - Drawdown Comparison

The maximum IYK drawdown since its inception was -42.64%, smaller than the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for IYK and ACWI.

Drawdown Indicators

	IYK	ACWI	Difference
Max Drawdown Largest peak-to-trough decline	-42.64%	-56.00%	+13.36%
Max Drawdown (1Y) Largest decline over 1 year	-10.68%	-9.73%	-0.95%
Max Drawdown (3Y) Largest decline over 3 years	-12.14%	-16.55%	+4.41%
Max Drawdown (5Y) Largest decline over 5 years	-15.05%	-26.42%	+11.37%
Max Drawdown (10Y) Largest decline over 10 years	-33.19%	-33.53%	+0.34%
Current Drawdown Current decline from peak	-5.13%	-2.67%	-2.46%
Average Drawdown Average peak-to-trough decline	-5.07%	-8.59%	+3.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.23%	2.24%	+2.99%

Volatility

IYK vs. ACWI - Volatility Comparison

iShares U.S. Consumer Goods ETF (IYK) and iShares MSCI ACWI ETF (ACWI) have volatilities of 5.19% and 5.44%, 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

	IYK	ACWI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.19%	5.44%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	10.06%	11.34%	-1.28%
Volatility (1Y) Calculated over the trailing 1-year period	12.80%	13.56%	-0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.08%	16.19%	-3.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.52%	17.07%	-1.55%

IYK vs. ACWI - Expense Ratio Comparison

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

Dividends

IYK vs. ACWI - Dividend Comparison

IYK's dividend yield for the trailing twelve months is around 2.60%, 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%
IYK iShares U.S. Consumer Goods ETF	2.60%	2.75%	2.63%	2.74%	2.16%	1.49%	1.42%	2.21%	2.81%	1.74%	2.63%	2.11%

Frequently Asked Questions

Can I hold both IYK and ACWI in my portfolio?

IYK and ACWI have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IYK or ACWI?

ACWI has higher volatility (5.44%) compared to IYK (5.19%). In terms of maximum drawdown, IYK dropped -42.64% vs ACWI's -56.00%.

Which ETF is better, IYK or ACWI?

On 10-year performance, ACWI leads with 13.32% vs 9.60% for IYK. On fees, ACWI is cheaper at 0.32% per year. On volatility, IYK has been the lower-risk option at 5.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IYK or ACWI?

Over the 10-year period, ACWI has performed better with a 13.32% return vs 9.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IYK or ACWI?

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

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

IYK has the higher dividend yield at 2.60%, compared with 1.45% for ACWI.

What is the main difference between IYK and ACWI?

IYK is categorized as Consumer Staples Equities, while ACWI is Global Equities. IYK tracks Dow Jones U.S. Consumer Goods Index, while ACWI tracks MSCI All Country World Index. Their fees differ too: 0.42% for IYK and 0.32% for ACWI.

Which has better risk-adjusted returns?

ACWI currently has the higher Sharpe Ratio (1.80 vs 0.60), 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.