PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
PAWZ vs. ACWV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PAWZ vs. ACWV

Last updated Jul 28, 2026
Documentation

PAWZ (ProShares Pet Care ETF) and ACWV (iShares MSCI Global Min Vol Factor ETF) are both Global Equities funds - PAWZ tracks the FactSet Pet Care Index while ACWV tracks the MSCI ACWI Minimum Volatility Index. Both are passively managed. Over the past 5 years, PAWZ returned -9.39%/yr vs 5.59%/yr for ACWV. Their 0.67 correlation means they have sometimes moved together and sometimes differently. PAWZ charges 0.50%/yr vs 0.20%/yr for ACWV.

Performance

PAWZ vs. ACWV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Pet Care ETF (PAWZ) and iShares MSCI Global Min Vol Factor ETF (ACWV). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, PAWZ achieves a -8.33% return, which is significantly lower than ACWV's 4.70% return.

PAWZ

1D
2.03%
1M
3.85%
6M
-10.65%
YTD
-8.33%
1Y
-12.73%
3Y*
-0.92%
5Y*
-9.39%
10Y*
—
ALL TIME*
3.51%

ACWV

1D
0.87%
1M
4.37%
6M
2.66%
YTD
4.70%
1Y
5.98%
3Y*
9.70%
5Y*
5.59%
10Y*
7.06%
ALL TIME*
8.69%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

ACWV

iShares MSCI Global Min Vol Factor ETF
$9.30M$11.37M$12.13M

PAWZ

ProShares Pet Care ETF
$91.97K$88.04K$268.83K

PAWZ vs. ACWV - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
PAWZ
ProShares Pet Care ETF		-8.33%1.21%3.88%12.47%-40.08%10.46%61.69%22.95%-8.52%
ACWV
iShares MSCI Global Min Vol Factor ETF		4.70%11.04%11.38%8.23%-10.36%13.97%3.04%21.04%-2.73%

Correlation

The correlation between PAWZ and ACWV is 0.60, 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.

0.60

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

0.61

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

0.67

Correlation (All Time)
Calculated using the full available price history since Nov 6, 2018

0.67

The correlation between PAWZ and ACWV has been stable across timeframes, ranging from 0.60 to 0.67 - a consistent structural relationship.

PAWZ vs. ACWV - Sectors Allocation Comparison

Sectors
PAWZ
ACWV

Healthcare

26.8%
13.8%

Consumer Cyclical

18.0%
5.3%

Consumer Defensive

16.9%
9.7%

Technology

4.5%
25.3%

Financial Services

4.5%
13.5%

Basic Materials

4.0%
1.5%

Communication Services

-

11.3%

Energy

-

3.5%

Industrials

-

8.1%

Real Estate

-

0.6%

Utilities

-

7.5%

Healthcare

PAWZ
26.8%
ACWV
13.8%

Consumer Cyclical

PAWZ
18.0%
ACWV
5.3%

Consumer Defensive

PAWZ
16.9%
ACWV
9.7%

Technology

PAWZ
4.5%
ACWV
25.3%

Financial Services

PAWZ
4.5%
ACWV
13.5%

Basic Materials

PAWZ
4.0%
ACWV
1.5%

Communication Services

PAWZ

-

ACWV
11.3%

Energy

PAWZ

-

ACWV
3.5%

Industrials

PAWZ

-

ACWV
8.1%

Real Estate

PAWZ

-

ACWV
0.6%

Utilities

PAWZ

-

ACWV
7.5%

Compare stocks, funds, or ETFs

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

ProShares Pet Care ETF

iShares MSCI Global Min Vol Factor ETF

Often compared with PAWZ:
PAWZ vs. ZTSPAWZ vs. IBUYPAWZ vs. SPYPAWZ vs. VOOPAWZ vs. FIXTPAWZ vs. BDVLPAWZ vs. DIVD
Often compared with ACWV:
ACWV vs. USMVACWV vs. VTACWV vs. MVOL.LACWV vs. EFAVACWV vs. SPLVACWV vs. VOOACWV vs. XMW.TO

Return for Risk

PAWZ vs. ACWV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PAWZ
PAWZ Risk / Return Rank: 44
Overall Rank
PAWZ Sharpe Ratio Rank: 44
Sharpe Ratio Rank
PAWZ Sortino Ratio Rank: 44
Sortino Ratio Rank
PAWZ Omega Ratio Rank: 44
Omega Ratio Rank
PAWZ Calmar Ratio Rank: 55
Calmar Ratio Rank
PAWZ Martin Ratio Rank: 33
Martin Ratio Rank
ACWV
ACWV Risk / Return Rank: 2929
Overall Rank
ACWV Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
ACWV Sortino Ratio Rank: 2929
Sortino Ratio Rank
ACWV Omega Ratio Rank: 2828
Omega Ratio Rank
ACWV Calmar Ratio Rank: 2929
Calmar Ratio Rank
ACWV Martin Ratio Rank: 3030
Martin Ratio Rank
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.

PAWZ vs. ACWV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Pet Care ETF (PAWZ) and iShares MSCI Global Min Vol Factor ETF (ACWV). 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.

PAWZACWVDifference
Sharpe ratioReturn per unit of total volatility
-0.75
0.74

-1.49

Sortino ratioReturn per unit of downside risk
-0.98
1.12

-2.10

Omega ratioGain probability vs. loss probability

0.89

1.14

-0.25

Calmar ratioReturn relative to maximum drawdown

-0.61

0.94

-1.55

Martin ratioReturn relative to average drawdown

-1.23

2.67

-3.90

PAWZ vs. ACWV - Sharpe Ratio Comparison

The current PAWZ Sharpe Ratio is -0.75, which is lower than the ACWV Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of PAWZ and ACWV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

PAWZ vs. ACWV - Drawdown Comparison

The maximum PAWZ drawdown since its inception was -50.07%, which is greater than ACWV's maximum drawdown of -28.82%. Use the drawdown chart below to compare losses from any high point for PAWZ and ACWV.

Loading charts...

Drawdown Indicators

PAWZACWVDifference

Max Drawdown

Largest peak-to-trough decline

-50.07%

-28.82%

-21.25%

Max Drawdown (1Y)

Largest decline over 1 year

-21.10%

-6.37%

-14.73%

Max Drawdown (3Y)

Largest decline over 3 years

-23.12%

-7.56%

-15.56%

Max Drawdown (5Y)

Largest decline over 5 years

-50.07%

-18.14%

-31.93%

Max Drawdown (10Y)

Largest decline over 10 years

—

-28.82%

—

Current Drawdown

Current decline from peak

-39.02%

-0.69%

-38.33%

Average Drawdown

Average peak-to-trough decline

-22.89%

-3.11%

-19.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.41%

2.25%

+8.16%

Volatility

PAWZ vs. ACWV - Volatility Comparison

ProShares Pet Care ETF (PAWZ) has a higher volatility of 5.44% compared to iShares MSCI Global Min Vol Factor ETF (ACWV) at 3.26%. This indicates that PAWZ's price experiences larger fluctuations and is considered to be riskier than ACWV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

PAWZACWVDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.44%

3.26%

+2.18%

Volatility (6M)

Calculated over the trailing 6-month period

12.96%

6.37%

+6.59%

Volatility (1Y)

Calculated over the trailing 1-year period

17.17%

8.11%

+9.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.35%

10.29%

+10.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.63%

12.30%

+9.33%

PAWZ vs. ACWV - Expense Ratio Comparison

PAWZ has a 0.50% expense ratio, which is higher than ACWV's 0.20% expense ratio.

Dividends

PAWZ vs. ACWV - Dividend Comparison

PAWZ's dividend yield for the trailing twelve months is around 0.70%, less than ACWV's 1.92% yield.

PositionTTM20252024202320222021202020192018201720162015
ACWV
iShares MSCI Global Min Vol Factor ETF		1.92%2.09%2.33%2.41%2.18%1.92%1.77%2.54%2.32%2.04%2.56%2.28%
PAWZ
ProShares Pet Care ETF		0.70%0.81%0.63%0.44%0.54%0.18%0.14%0.35%0.07%0.00%0.00%0.00%

Frequently Asked Questions

PAWZ and ACWV have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PAWZ has higher volatility (5.44%) compared to ACWV (3.26%). In terms of maximum drawdown, PAWZ dropped -50.07% vs ACWV's -28.82%.

On 5-year performance, ACWV leads with 5.59% vs -9.39% for PAWZ. On fees, ACWV is cheaper at 0.20% per year. On volatility, ACWV has been the lower-risk option at 3.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, ACWV has performed better with a 5.59% return vs -9.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ACWV is cheaper with a 0.20% expense ratio, compared with 0.50% for PAWZ.

ACWV has the higher dividend yield at 1.92%, compared with 0.70% for PAWZ.

PAWZ tracks FactSet Pet Care Index, while ACWV tracks MSCI ACWI Minimum Volatility Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.50% for PAWZ and 0.20% for ACWV.

ACWV currently has the higher Sharpe Ratio (0.74 vs -0.75), 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

Find the right allocation for PAWZ and ACWV

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer