SHEH vs. ACWI

Last updated Jul 30, 2026

SHEH (Shell plc ADRhedged ETF) and ACWI (iShares MSCI ACWI ETF) are both exchange-traded funds - SHEH is a Energy Equities fund tracking the Shell plc - Benchmark Price Return, while ACWI is a Global Equities fund tracking the MSCI All Country World Index. Both are passively managed. Over the past year, SHEH returned 23.86% vs 18.13% for ACWI. Their -0.06 correlation means they have often moved in opposite directions in the past. SHEH charges 0.19%/yr vs 0.32%/yr for ACWI.

Performance

SHEH vs. ACWI - Performance Comparison

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

Returns By Period

In the year-to-date period, SHEH achieves a 22.29% return, which is significantly higher than ACWI's 8.46% return.

SHEH

• 1D: 1.98%
• 1M: 13.74%
• 6M: 21.43%
• YTD: 22.29%
• 1Y: 23.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 28.80%

ACWI

• 1D: -1.34%
• 1M: -2.15%
• 6M: 4.51%
• YTD: 8.46%
• 1Y: 18.13%
• 3Y*: 17.33%
• 5Y*: 10.25%
• 10Y*: 12.13%
• ALL TIME*: 8.32%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ACWI iShares MSCI ACWI ETF	$455.46M	$472.72M	$508.47M
SHEH Shell plc ADRhedged ETF	$470.58K	$486.89K	$265.20K

SHEH vs. ACWI - Yearly Performance Comparison

	2026 (YTD)	2025
SHEH Shell plc ADRhedged ETF	22.29%	12.63%
ACWI iShares MSCI ACWI ETF	8.46%	28.34%

Correlation

The correlation between SHEH and ACWI is -0.11, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.11
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	-0.06

SHEH vs. ACWI - Sectors Allocation Comparison

Sectors	SHEH	ACWI
Energy	96.5%	3.6%
Basic Materials	-	3.4%
Communication Services	-	8.0%
Consumer Cyclical	-	8.7%
Consumer Defensive	-	4.7%
Financial Services	-	16.0%
Healthcare	-	8.3%
Industrials	-	10.8%
Real Estate	-	1.6%
Technology	-	32.7%
Utilities	-	2.4%

Return for Risk

SHEH vs. ACWI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SHEH

SHEH Risk / Return Rank: 45
SHEH Sharpe Ratio Rank: 49
SHEH Sortino Ratio Rank: 48
SHEH Omega Ratio Rank: 47
SHEH Calmar Ratio Rank: 41
SHEH Martin Ratio Rank: 38

ACWI

ACWI Risk / Return Rank: 55
ACWI Sharpe Ratio Rank: 54
ACWI Sortino Ratio Rank: 53
ACWI Omega Ratio Rank: 53
ACWI Calmar Ratio Rank: 53
ACWI Martin Ratio Rank: 65

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.

SHEH vs. ACWI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shell plc ADRhedged ETF (SHEH) 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.

	SHEH	ACWI	Difference
Sharpe ratio: Return per unit of total volatility	1.15	1.31	-0.17
Sortino ratio: Return per unit of downside risk	1.64	1.87	-0.23
Omega ratio: Gain probability vs. loss probability	1.20	1.24	-0.03
Calmar ratio: Return relative to maximum drawdown	1.37	1.87	-0.50
Martin ratio: Return relative to average drawdown	3.73	7.82	-4.09

SHEH vs. ACWI - Sharpe Ratio Comparison

The current SHEH Sharpe Ratio is 1.15, which is comparable to the ACWI Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of SHEH 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

SHEH vs. ACWI - Drawdown Comparison

The maximum SHEH drawdown since its inception was -17.53%, smaller than the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for SHEH and ACWI.

Drawdown Indicators

	SHEH	ACWI	Difference
Max Drawdown Largest peak-to-trough decline	-17.53%	-56.00%	+38.47%
Max Drawdown (1Y) Largest decline over 1 year	-17.53%	-9.73%	-7.80%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.55%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.53%	—
Current Drawdown Current decline from peak	-5.72%	-4.07%	-1.65%
Average Drawdown Average peak-to-trough decline	-4.14%	-8.56%	+4.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.41%	2.33%	+4.08%

Volatility

SHEH vs. ACWI - Volatility Comparison

Shell plc ADRhedged ETF (SHEH) has a higher volatility of 6.94% compared to iShares MSCI ACWI ETF (ACWI) at 3.48%. This indicates that SHEH'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.

Volatility by Period

	SHEH	ACWI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.94%	3.48%	+3.46%
Volatility (6M) Calculated over the trailing 6-month period	17.33%	11.53%	+5.80%
Volatility (1Y) Calculated over the trailing 1-year period	20.94%	13.87%	+7.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.54%	16.21%	+4.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.54%	17.05%	+3.49%

SHEH vs. ACWI - Expense Ratio Comparison

SHEH has a 0.19% expense ratio, which is lower than ACWI's 0.32% expense ratio.

Dividends

SHEH vs. ACWI - Dividend Comparison

SHEH's dividend yield for the trailing twelve months is around 1.90%, more than ACWI's 1.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACWI iShares MSCI ACWI ETF	1.47%	1.55%	1.70%	1.88%	1.79%	1.71%	1.43%	2.33%	2.18%	1.94%	2.19%	2.56%
SHEH Shell plc ADRhedged ETF	1.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SHEH and ACWI in my portfolio?

SHEH and ACWI have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHEH or ACWI?

SHEH has higher volatility (6.94%) compared to ACWI (3.48%). In terms of maximum drawdown, SHEH dropped -17.53% vs ACWI's -56.00%.

Which ETF is better, SHEH or ACWI?

On 1-year performance, SHEH leads with 23.86% vs 18.13% for ACWI. On fees, SHEH is cheaper at 0.19% per year. On volatility, ACWI has been the lower-risk option at 3.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SHEH or ACWI?

Over the 1-year period, SHEH has performed better with a 23.86% return vs 18.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHEH or ACWI?

SHEH is cheaper with a 0.19% expense ratio, compared with 0.32% for ACWI.

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

SHEH has the higher dividend yield at 1.90%, compared with 1.47% for ACWI.

What is the main difference between SHEH and ACWI?

SHEH is categorized as Energy Equities, while ACWI is Global Equities. SHEH tracks Shell plc - Benchmark Price Return, while ACWI tracks MSCI All Country World Index. They also come from different issuers: ADRhedged and iShares. Their fees differ too: 0.19% for SHEH and 0.32% for ACWI.

Which has better risk-adjusted returns?

ACWI currently has the higher Sharpe Ratio (1.31 vs 1.15), 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.