SDG vs. ACWV
SDG (iShares MSCI Global Sustainable Development Goals ETF) and ACWV (iShares MSCI Global Min Vol Factor ETF) are both Global Equities funds from iShares - SDG tracks the MSCI ACWI Sustainable Development Index while ACWV tracks the MSCI ACWI Minimum Volatility Index. Both are passively managed. Over the past 10 years, SDG returned 7.90%/yr vs 7.02%/yr for ACWV. A 0.69 correlation means they provide meaningful diversification when combined. SDG charges 0.50%/yr vs 0.20%/yr for ACWV.
Performance
SDG vs. ACWV - Performance Comparison
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Returns By Period
In the year-to-date period, SDG achieves a 4.47% return, which is significantly higher than ACWV's 3.83% return. Over the past 10 years, SDG has outperformed ACWV with an annualized return of 7.90%, while ACWV has yielded a comparatively lower 7.02% annualized return.
SDG
- 1D
- -1.56%
- 1M
- -2.75%
- 6M
- 3.08%
- YTD
- 4.47%
- 1Y
- 15.38%
- 3Y*
- 4.55%
- 5Y*
- -0.48%
- 10Y*
- 7.90%
ACWV
- 1D
- -0.15%
- 1M
- 0.92%
- 6M
- 2.66%
- YTD
- 3.83%
- 1Y
- 6.41%
- 3Y*
- 9.88%
- 5Y*
- 5.49%
- 10Y*
- 7.02%
SDG vs. ACWV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SDG iShares MSCI Global Sustainable Development Goals ETF | 4.47% | 20.19% | -10.09% | 4.59% | -11.51% | -1.20% | 44.36% | 25.38% | -8.32% | 27.28% |
ACWV iShares MSCI Global Min Vol Factor ETF | 3.83% | 11.04% | 11.38% | 8.23% | -10.36% | 13.97% | 3.04% | 21.04% | -1.42% | 18.57% |
Correlation
The correlation between SDG and ACWV is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2016 | 0.69 |
The correlation between SDG and ACWV shifts across timeframes, from 0.51 (1 year) to 0.69 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SDG vs. ACWV — Risk / Return Rank
SDG
ACWV
SDG vs. ACWV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Sustainable Development Goals ETF (SDG) 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.
| SDG | ACWV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.15 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.01 | +0.77 |
| Martin ratioReturn relative to average drawdown | 5.94 | 2.89 | +3.05 |
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Drawdowns
SDG vs. ACWV - Drawdown Comparison
The maximum SDG drawdown since its inception was -30.35%, which is greater than ACWV's maximum drawdown of -28.82%. Use the drawdown chart below to compare losses from any high point for SDG and ACWV.
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Drawdown Indicators
| SDG | ACWV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.35% | -28.82% | -1.53% |
Max Drawdown (1Y)Largest decline over 1 year | -8.68% | -6.37% | -2.31% |
Max Drawdown (3Y)Largest decline over 3 years | -22.92% | -7.56% | -15.36% |
Max Drawdown (5Y)Largest decline over 5 years | -30.35% | -18.14% | -12.21% |
Max Drawdown (10Y)Largest decline over 10 years | -30.35% | -28.82% | -1.53% |
Current DrawdownCurrent decline from peak | -5.53% | -1.52% | -4.01% |
Average DrawdownAverage peak-to-trough decline | -9.60% | -3.11% | -6.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 2.22% | +0.38% |
Volatility
SDG vs. ACWV - Volatility Comparison
iShares MSCI Global Sustainable Development Goals ETF (SDG) has a higher volatility of 4.89% compared to iShares MSCI Global Min Vol Factor ETF (ACWV) at 3.17%. This indicates that SDG'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.
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Volatility by Period
| SDG | ACWV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 3.17% | +1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 12.21% | 6.23% | +5.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.96% | 8.07% | +6.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.81% | 10.27% | +5.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 12.29% | +4.31% |
SDG vs. ACWV - Expense Ratio Comparison
SDG has a 0.50% expense ratio, which is higher than ACWV's 0.20% expense ratio.
Dividends
SDG vs. ACWV - Dividend Comparison
SDG's dividend yield for the trailing twelve months is around 1.73%, less than ACWV's 1.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWV iShares MSCI Global Min Vol Factor ETF | 1.93% | 2.09% | 2.33% | 2.41% | 2.18% | 1.92% | 1.77% | 2.54% | 2.32% | 2.04% | 2.56% | 2.28% |
SDG iShares MSCI Global Sustainable Development Goals ETF | 1.73% | 2.00% | 1.95% | 1.77% | 1.82% | 1.66% | 0.97% | 1.39% | 2.47% | 2.54% | 1.34% | 0.00% |
Frequently Asked Questions
SDG and ACWV have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDG has higher volatility (4.89%) compared to ACWV (3.17%). In terms of maximum drawdown, SDG dropped -30.35% vs ACWV's -28.82%.
On 10-year performance, SDG leads with 7.90% vs 7.02% for ACWV. On fees, ACWV is cheaper at 0.20% per year. On volatility, ACWV has been the lower-risk option at 3.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SDG has performed better with a 7.90% return vs 7.02%. 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 SDG.
ACWV has the higher dividend yield at 1.93%, compared with 1.73% for SDG.
SDG tracks MSCI ACWI Sustainable Development Index, while ACWV tracks MSCI ACWI Minimum Volatility Index. Their fees differ too: 0.50% for SDG and 0.20% for ACWV.
SDG currently has the higher Sharpe Ratio (1.03 vs 0.80), 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.
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