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PID vs. ACWV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PID vs. ACWV

Last updated Jul 17, 2026
Documentation

PID (Invesco International Dividend Achievers™ ETF) and ACWV (iShares MSCI Global Min Vol Factor ETF) are both Global Equities funds - PID tracks the Nasdaq International Dividend Achievers (NR) while ACWV tracks the MSCI ACWI Minimum Volatility Index. Both are passively managed. Over the past 10 years, PID returned 8.72%/yr vs 6.99%/yr for ACWV. A 0.74 correlation means they provide meaningful diversification when combined. PID charges 0.56%/yr vs 0.20%/yr for ACWV.

Performance

PID vs. ACWV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco International Dividend Achievers™ ETF (PID) and iShares MSCI Global Min Vol Factor ETF (ACWV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PID achieves a 7.07% return, which is significantly higher than ACWV's 3.64% return. Over the past 10 years, PID has outperformed ACWV with an annualized return of 8.72%, while ACWV has yielded a comparatively lower 6.99% annualized return.

PID

1D
0.91%
1M
1.99%
6M
4.32%
YTD
7.07%
1Y
15.12%
3Y*
12.29%
5Y*
9.61%
10Y*
8.72%

ACWV

1D
0.82%
1M
0.81%
6M
2.67%
YTD
3.64%
1Y
6.12%
3Y*
9.83%
5Y*
5.48%
10Y*
6.99%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PID vs. ACWV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PID
Invesco International Dividend Achievers™ ETF		7.07%24.45%3.08%14.28%-6.48%24.49%-6.56%25.87%-11.46%19.05%
ACWV
iShares MSCI Global Min Vol Factor ETF		3.64%11.04%11.38%8.23%-10.36%13.97%3.04%21.04%-1.42%18.57%

Correlation

The correlation between PID and ACWV is 0.68, 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

0.68

Correlation (3Y)
Calculated over the trailing 3-year period

0.73

Correlation (5Y)
Calculated over the trailing 5-year period

0.76

Correlation (10Y)
Calculated over the trailing 10-year period

0.73

Correlation (All Time)
Calculated using the full available price history since Oct 20, 2011

0.74

The correlation between PID and ACWV has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.

PID vs. ACWV - Sectors Allocation Comparison

Sectors
PID
ACWV

Financial Services

17.5%
13.2%

Utilities

15.1%
7.3%

Communication Services

13.7%
11.9%

Energy

12.5%
3.7%

Technology

9.1%
25.8%

Healthcare

8.6%
13.0%

Industrials

7.5%
8.1%

Consumer Defensive

6.2%
9.8%

Consumer Cyclical

6.2%
5.1%

Basic Materials

3.3%
1.5%

Real Estate

0.4%
0.6%

Financial Services

PID
17.5%
ACWV
13.2%

Utilities

PID
15.1%
ACWV
7.3%

Communication Services

PID
13.7%
ACWV
11.9%

Energy

PID
12.5%
ACWV
3.7%

Technology

PID
9.1%
ACWV
25.8%

Healthcare

PID
8.6%
ACWV
13.0%

Industrials

PID
7.5%
ACWV
8.1%

Consumer Defensive

PID
6.2%
ACWV
9.8%

Consumer Cyclical

PID
6.2%
ACWV
5.1%

Basic Materials

PID
3.3%
ACWV
1.5%

Real Estate

PID
0.4%
ACWV
0.6%

Compare stocks, funds, or ETFs

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

Invesco International Dividend Achievers™ ETF

iShares MSCI Global Min Vol Factor ETF

Often compared with PID:
PID vs. IDVPID vs. LVHIPID vs. DTHPID vs. DWXPID vs. PSQPID vs. VYMIPID vs. DIM
Often compared with ACWV:
ACWV vs. USMVACWV vs. VTACWV vs. MVOL.LACWV vs. EFAVACWV vs. SPLVACWV vs. VOOACWV vs. XMW.TO

Return for Risk

PID vs. ACWV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PID
PID Risk / Return Rank: 5454
Overall Rank
PID Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
PID Sortino Ratio Rank: 6161
Sortino Ratio Rank
PID Omega Ratio Rank: 5656
Omega Ratio Rank
PID Calmar Ratio Rank: 5050
Calmar Ratio Rank
PID Martin Ratio Rank: 4747
Martin Ratio Rank
ACWV
ACWV Risk / Return Rank: 2525
Overall Rank
ACWV Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
ACWV Sortino Ratio Rank: 2424
Sortino Ratio Rank
ACWV Omega Ratio Rank: 2424
Omega Ratio Rank
ACWV Calmar Ratio Rank: 2525
Calmar Ratio Rank
ACWV Martin Ratio Rank: 2626
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.

PID vs. ACWV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco International Dividend Achievers™ ETF (PID) 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.

PIDACWVDifference
Sharpe ratioReturn per unit of total volatility
1.56
0.77

+0.79

Sortino ratioReturn per unit of downside risk
2.30
1.14

+1.16

Omega ratioGain probability vs. loss probability

1.28

1.14

+0.14

Calmar ratioReturn relative to maximum drawdown

2.03

0.97

+1.07

Martin ratioReturn relative to average drawdown

6.33

2.75

+3.58

PID vs. ACWV - Sharpe Ratio Comparison

The current PID Sharpe Ratio is 1.56, which is higher than the ACWV Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of PID 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.

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Drawdowns

PID vs. ACWV - Drawdown Comparison

The maximum PID drawdown since its inception was -66.34%, which is greater than ACWV's maximum drawdown of -28.82%. Use the drawdown chart below to compare losses from any high point for PID and ACWV.

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Drawdown Indicators

PIDACWVDifference

Max Drawdown

Largest peak-to-trough decline

-66.34%

-28.82%

-37.52%

Max Drawdown (1Y)

Largest decline over 1 year

-7.47%

-6.37%

-1.10%

Max Drawdown (3Y)

Largest decline over 3 years

-13.34%

-7.56%

-5.78%

Max Drawdown (5Y)

Largest decline over 5 years

-22.97%

-18.14%

-4.83%

Max Drawdown (10Y)

Largest decline over 10 years

-46.07%

-28.82%

-17.25%

Current Drawdown

Current decline from peak

-0.69%

-1.70%

+1.01%

Average Drawdown

Average peak-to-trough decline

-12.98%

-3.11%

-9.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.39%

2.23%

+0.16%

Volatility

PID vs. ACWV - Volatility Comparison

The current volatility for Invesco International Dividend Achievers™ ETF (PID) is 2.78%, while iShares MSCI Global Min Vol Factor ETF (ACWV) has a volatility of 3.29%. This indicates that PID experiences smaller price fluctuations and is considered to be less risky than ACWV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PIDACWVDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.78%

3.29%

-0.51%

Volatility (6M)

Calculated over the trailing 6-month period

7.95%

6.28%

+1.67%

Volatility (1Y)

Calculated over the trailing 1-year period

9.77%

8.05%

+1.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.94%

10.28%

+3.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.57%

12.29%

+5.28%

PID vs. ACWV - Expense Ratio Comparison

PID has a 0.56% expense ratio, which is higher than ACWV's 0.20% expense ratio.

Dividends

PID vs. ACWV - Dividend Comparison

PID's dividend yield for the trailing twelve months is around 3.48%, more than ACWV's 1.94% yield.

PositionTTM20252024202320222021202020192018201720162015
ACWV
iShares MSCI Global Min Vol Factor ETF		1.94%2.09%2.33%2.41%2.18%1.92%1.77%2.54%2.32%2.04%2.56%2.28%
PID
Invesco International Dividend Achievers™ ETF		3.48%3.28%3.88%3.31%3.30%3.30%3.16%3.99%3.87%3.46%3.90%4.48%

Frequently Asked Questions

PID and ACWV have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ACWV has higher volatility (3.29%) compared to PID (2.78%). In terms of maximum drawdown, PID dropped -66.34% vs ACWV's -28.82%.

On 10-year performance, PID leads with 8.72% vs 6.99% for ACWV. On fees, ACWV is cheaper at 0.20% per year. On volatility, PID has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, PID has performed better with a 8.72% return vs 6.99%. 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 0.56% for PID.

PID has the higher dividend yield at 3.48%, compared with 1.94% for ACWV.

PID tracks Nasdaq International Dividend Achievers (NR), while ACWV tracks MSCI ACWI Minimum Volatility Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.56% for PID and 0.20% for ACWV.

PID currently has the higher Sharpe Ratio (1.55 vs 0.77), 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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