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SSAC.L vs. MXWS.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SSAC.L vs. MXWS.L

Last updated Jun 4, 2026

SSAC.L (iShares MSCI ACWI UCITS ETF (Acc)) and MXWS.L (Invesco MSCI World UCITS ETF) are both Global Equities funds tracking the MSCI ACWI NR USD, from iShares and Invesco respectively. Both are passively managed. Over the past 10 years, SSAC.L returned 13.64%/yr vs 14.18%/yr for MXWS.L. Their correlation of 0.82 suggests significant overlap in exposure. SSAC.L charges 0.20%/yr vs 0.19%/yr for MXWS.L.

Performance

SSAC.L vs. MXWS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI ACWI UCITS ETF (Acc) (SSAC.L) and Invesco MSCI World UCITS ETF (MXWS.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SSAC.L achieves a 11.92% return, which is significantly higher than MXWS.L's 10.12% return. Both investments have delivered pretty close results over the past 10 years, with SSAC.L having a 13.64% annualized return and MXWS.L not far ahead at 14.18%.

SSAC.L

1D
-0.34%
1M
5.84%
YTD
11.92%
6M
12.52%
1Y
30.38%
3Y*
18.28%
5Y*
12.59%
10Y*
13.64%

MXWS.L

1D
-0.18%
1M
5.36%
YTD
10.12%
6M
10.48%
1Y
27.57%
3Y*
17.94%
5Y*
13.11%
10Y*
14.18%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SSAC.L vs. MXWS.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SSAC.L
iShares MSCI ACWI UCITS ETF (Acc)		11.92%13.95%19.63%16.14%-8.56%20.35%11.80%22.09%-4.79%13.30%
MXWS.L
Invesco MSCI World UCITS ETF		10.12%12.63%21.11%17.73%-8.30%23.66%12.37%23.46%-3.87%11.80%

Correlation

The correlation between SSAC.L and MXWS.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

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

0.97

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

0.98

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

0.98

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

0.88

Correlation (All Time)
Calculated using the full available price history since May 28, 2015

0.82

The correlation between SSAC.L and MXWS.L shifts across timeframes, from 0.82 (all time) to 0.98 (5 years), reflecting how their relationship changes across market environments.

SSAC.L vs. MXWS.L - Sectors Allocation Comparison

Sectors
SSAC.L
MXWS.L

Technology

31.1%
28.3%

Financial Services

15.7%
15.7%

Industrials

10.4%
11.4%

Consumer Cyclical

9.1%
9.3%

Communication Services

8.9%
9.3%

Healthcare

8.0%
8.8%

Consumer Defensive

5.0%
5.2%

Energy

4.2%
4.2%

Basic Materials

3.6%
3.3%

Utilities

2.4%
2.7%

Real Estate

1.7%
1.9%

Technology

SSAC.L
31.1%
MXWS.L
28.3%

Financial Services

SSAC.L
15.7%
MXWS.L
15.7%

Industrials

SSAC.L
10.4%
MXWS.L
11.4%

Consumer Cyclical

SSAC.L
9.1%
MXWS.L
9.3%

Communication Services

SSAC.L
8.9%
MXWS.L
9.3%

Healthcare

SSAC.L
8.0%
MXWS.L
8.8%

Consumer Defensive

SSAC.L
5.0%
MXWS.L
5.2%

Energy

SSAC.L
4.2%
MXWS.L
4.2%

Basic Materials

SSAC.L
3.6%
MXWS.L
3.3%

Utilities

SSAC.L
2.4%
MXWS.L
2.7%

Real Estate

SSAC.L
1.7%
MXWS.L
1.9%

Compare stocks, funds, or ETFs

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iShares MSCI ACWI UCITS ETF (Acc)

Invesco MSCI World UCITS ETF

Often compared with SSAC.L:
SSAC.L vs. ACWISSAC.L vs. VWRP.LSSAC.L vs. ISAC.LSSAC.L vs. SWDA.LSSAC.L vs. IUSQ.DESSAC.L vs. ACWI.LSSAC.L vs. VWRL.AS
Often compared with MXWS.L:
MXWS.L vs. MXWO.LMXWS.L vs. FWRGMXWS.L vs. SWDA.LMXWS.L vs. VTMXWS.L vs. TSWE.ASMXWS.L vs. VUAA.LMXWS.L vs. IWDA.L

Return for Risk

SSAC.L vs. MXWS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SSAC.L
SSAC.L Risk / Return Rank: 8585
Overall Rank
SSAC.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
SSAC.L Sortino Ratio Rank: 8686
Sortino Ratio Rank
SSAC.L Omega Ratio Rank: 8787
Omega Ratio Rank
SSAC.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
SSAC.L Martin Ratio Rank: 8484
Martin Ratio Rank
MXWS.L
MXWS.L Risk / Return Rank: 8282
Overall Rank
MXWS.L Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
MXWS.L Sortino Ratio Rank: 8282
Sortino Ratio Rank
MXWS.L Omega Ratio Rank: 8383
Omega Ratio Rank
MXWS.L Calmar Ratio Rank: 8080
Calmar Ratio Rank
MXWS.L Martin Ratio Rank: 8282
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.

SSAC.L vs. MXWS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI UCITS ETF (Acc) (SSAC.L) and Invesco MSCI World UCITS ETF (MXWS.L). 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.

SSAC.LMXWS.LDifference
Sharpe ratioReturn per unit of total volatility
2.89
2.70

+0.19

Sortino ratioReturn per unit of downside risk
3.96
3.70

+0.26

Omega ratioGain probability vs. loss probability

1.55

1.51

+0.04

Calmar ratioReturn relative to maximum drawdown

4.31

4.19

+0.12

Martin ratioReturn relative to average drawdown

17.42

16.77

+0.65

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

SSAC.L vs. MXWS.L - Sharpe Ratio Comparison

The current SSAC.L Sharpe Ratio is 2.89, which is comparable to the MXWS.L Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of SSAC.L and MXWS.L, 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

SSAC.LMXWS.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.89

2.70

+0.19

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.97

0.98

-0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.95

1.07

-0.12

Sharpe Ratio (All Time)

Calculated using the full available price history

0.89

1.00

-0.10

Drawdowns

SSAC.L vs. MXWS.L - Drawdown Comparison

The maximum SSAC.L drawdown since its inception was -25.43%, roughly equal to the maximum MXWS.L drawdown of -24.29%. Use the drawdown chart below to compare losses from any high point for SSAC.L and MXWS.L.

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Drawdown Indicators

SSAC.LMXWS.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.43%

-24.29%

-1.14%

Max Drawdown (1Y)

Largest decline over 1 year

-7.01%

-6.55%

-0.46%

Max Drawdown (3Y)

Largest decline over 3 years

-17.99%

-19.29%

+1.30%

Max Drawdown (5Y)

Largest decline over 5 years

-17.99%

-19.29%

+1.30%

Max Drawdown (10Y)

Largest decline over 10 years

-25.43%

-24.29%

-1.14%

Current Drawdown

Current decline from peak

-0.34%

-0.18%

-0.16%

Average Drawdown

Average peak-to-trough decline

-3.50%

-3.25%

-0.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.74%

1.64%

+0.10%

Volatility

SSAC.L vs. MXWS.L - Volatility Comparison

iShares MSCI ACWI UCITS ETF (Acc) (SSAC.L) has a higher volatility of 2.89% compared to Invesco MSCI World UCITS ETF (MXWS.L) at 2.50%. This indicates that SSAC.L's price experiences larger fluctuations and is considered to be riskier than MXWS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SSAC.LMXWS.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.89%

2.50%

+0.39%

Volatility (6M)

Calculated over the trailing 6-month period

7.73%

7.41%

+0.32%

Volatility (1Y)

Calculated over the trailing 1-year period

10.51%

10.19%

+0.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.98%

13.33%

-0.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.38%

15.45%

-1.07%

SSAC.L vs. MXWS.L - Expense Ratio Comparison

SSAC.L has a 0.20% expense ratio, which is higher than MXWS.L's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SSAC.L vs. MXWS.L - Dividend Comparison

Neither SSAC.L nor MXWS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

With a correlation of 0.97, SSAC.L and MXWS.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

On fees, MXWS.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

MXWS.L is cheaper with a 0.19% expense ratio, compared with 0.20% for SSAC.L.

Both ETFs track MSCI ACWI NR USD. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for SSAC.L and 0.19% for MXWS.L.

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