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SLQD vs. ACWI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SLQD vs. ACWI

Last updated Jun 4, 2026

SLQD (iShares 0-5 Year Investment Grade Corporate Bond ETF) and ACWI (iShares MSCI ACWI ETF) are both exchange-traded funds - SLQD is a Corporate Bonds fund tracking the Markit iBoxx USD Liquid Investment Grade 0-5 Index, while ACWI is a Global Equities fund tracking the MSCI All Country World Index. Both are passively managed. Over the past 10 years, SLQD returned 2.66%/yr vs 12.85%/yr for ACWI. At a 0.14 correlation, their price movements are largely independent. SLQD charges 0.06%/yr vs 0.32%/yr for ACWI.

Performance

SLQD vs. ACWI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) and iShares MSCI ACWI ETF (ACWI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SLQD achieves a 0.84% return, which is significantly lower than ACWI's 12.13% return. Over the past 10 years, SLQD has underperformed ACWI with an annualized return of 2.66%, while ACWI has yielded a comparatively higher 12.85% annualized return.

SLQD

1D
-0.08%
1M
0.24%
YTD
0.84%
6M
1.16%
1Y
4.46%
3Y*
5.35%
5Y*
2.52%
10Y*
2.66%

ACWI

1D
-0.83%
1M
5.28%
YTD
12.13%
6M
12.96%
1Y
29.18%
3Y*
21.15%
5Y*
11.28%
10Y*
12.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SLQD vs. ACWI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SLQD
iShares 0-5 Year Investment Grade Corporate Bond ETF		0.84%6.27%4.94%5.98%-4.38%-0.61%4.76%6.09%1.09%2.12%
ACWI
iShares MSCI ACWI ETF		12.13%22.41%17.45%22.27%-18.39%18.66%16.34%26.59%-9.19%24.33%

Correlation

The correlation between SLQD and ACWI is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.37

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

0.31

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

0.30

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

0.18

Correlation (All Time)
Calculated using the full available price history since Oct 18, 2013

0.14

Over the past year, SLQD and ACWI have become more correlated (0.37) than their long-term average of 0.14, meaning their price movements have been converging.

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iShares 0-5 Year Investment Grade Corporate Bond ETF

iShares MSCI ACWI ETF

Often compared with SLQD:
SLQD vs. IGSBSLQD vs. SPSBSLQD vs. SCHJSLQD vs. VCSHSLQD vs. DFAIXSLQD vs. PSECSLQD vs. GVI
Often compared with ACWI:
ACWI vs. VTACWI vs. SPYACWI vs. VWRL.LACWI vs. ACWXACWI vs. ACWI.LACWI vs. VOOACWI vs. VTI

Return for Risk

SLQD vs. ACWI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SLQD
SLQD Risk / Return Rank: 8888
Overall Rank
SLQD Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
SLQD Sortino Ratio Rank: 9494
Sortino Ratio Rank
SLQD Omega Ratio Rank: 9292
Omega Ratio Rank
SLQD Calmar Ratio Rank: 8080
Calmar Ratio Rank
SLQD Martin Ratio Rank: 8787
Martin Ratio Rank
ACWI
ACWI Risk / Return Rank: 6666
Overall Rank
ACWI Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
ACWI Sortino Ratio Rank: 6767
Sortino Ratio Rank
ACWI Omega Ratio Rank: 6767
Omega Ratio Rank
ACWI Calmar Ratio Rank: 5959
Calmar Ratio Rank
ACWI Martin Ratio Rank: 7171
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.

SLQD vs. ACWI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) 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.

SLQDACWIDifference
Sharpe ratioReturn per unit of total volatility
3.02
2.29

+0.72

Sortino ratioReturn per unit of downside risk
4.88
3.17

+1.72

Omega ratioGain probability vs. loss probability

1.62

1.41

+0.20

Calmar ratioReturn relative to maximum drawdown

4.22

3.01

+1.20

Martin ratioReturn relative to average drawdown

19.08

13.53

+5.56

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SLQD vs. ACWI - Sharpe Ratio Comparison

The current SLQD Sharpe Ratio is 3.02, which is higher than the ACWI Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of SLQD 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.

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Sharpe Ratios by Period

SLQDACWIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.02

2.29

+0.72

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.04

0.71

+0.33

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.85

0.75

+0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.85

0.43

+0.42

Drawdowns

SLQD vs. ACWI - Drawdown Comparison

The maximum SLQD drawdown since its inception was -12.69%, smaller than the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for SLQD and ACWI.

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Drawdown Indicators

SLQDACWIDifference

Max Drawdown

Largest peak-to-trough decline

-12.69%

-56.00%

+43.31%

Max Drawdown (1Y)

Largest decline over 1 year

-1.06%

-9.73%

+8.67%

Max Drawdown (3Y)

Largest decline over 3 years

-1.06%

-16.55%

+15.49%

Max Drawdown (5Y)

Largest decline over 5 years

-7.63%

-26.42%

+18.79%

Max Drawdown (10Y)

Largest decline over 10 years

-12.69%

-33.53%

+20.84%

Current Drawdown

Current decline from peak

-0.13%

-0.83%

+0.70%

Average Drawdown

Average peak-to-trough decline

-0.87%

-8.61%

+7.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.23%

2.16%

-1.93%

Volatility

SLQD vs. ACWI - Volatility Comparison

The current volatility for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is 0.46%, while iShares MSCI ACWI ETF (ACWI) has a volatility of 3.93%. This indicates that SLQD experiences smaller price fluctuations and is considered to be less risky than ACWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SLQDACWIDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.46%

3.93%

-3.47%

Volatility (6M)

Calculated over the trailing 6-month period

1.09%

10.29%

-9.20%

Volatility (1Y)

Calculated over the trailing 1-year period

1.49%

12.78%

-11.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.44%

16.05%

-13.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.14%

17.11%

-13.97%

SLQD vs. ACWI - Expense Ratio Comparison

SLQD has a 0.06% expense ratio, which is lower than ACWI's 0.32% expense ratio.

Dividends

SLQD vs. ACWI - Dividend Comparison

SLQD's dividend yield for the trailing twelve months is around 4.32%, more than ACWI's 1.38% yield.

PositionTTM20252024202320222021202020192018201720162015
ACWI
iShares MSCI ACWI ETF		1.38%1.55%1.70%1.88%1.79%1.71%1.43%2.33%2.18%1.94%2.19%2.56%
SLQD
iShares 0-5 Year Investment Grade Corporate Bond ETF		4.32%4.15%3.71%2.99%2.00%1.67%2.34%2.89%2.55%1.98%1.81%1.43%

Frequently Asked Questions

SLQD and ACWI have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ACWI has higher volatility (3.93%) compared to SLQD (0.46%). In terms of maximum drawdown, SLQD dropped -12.69% vs ACWI's -56.00%.

On 10-year performance, ACWI leads with 12.85% vs 2.66% for SLQD. On fees, SLQD is cheaper at 0.06% per year. On volatility, SLQD has been the lower-risk option at 0.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, ACWI has performed better with a 12.85% return vs 2.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SLQD is cheaper with a 0.06% expense ratio, compared with 0.32% for ACWI.

SLQD has the higher dividend yield at 4.32%, compared with 1.38% for ACWI.

SLQD is categorized as Corporate Bonds, while ACWI is Global Equities. SLQD tracks Markit iBoxx USD Liquid Investment Grade 0-5 Index, while ACWI tracks MSCI All Country World Index. Their fees differ too: 0.06% for SLQD and 0.32% for ACWI.

SLQD currently has the higher Sharpe Ratio (3.02 vs 2.29), 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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