SSAC.L vs. PACW.L
SSAC.L (iShares MSCI ACWI UCITS ETF (Acc)) and PACW.L (Amundi Prime All Country World UCITS ETF Income) are both Global Equities funds - SSAC.L tracks the MSCI ACWI NR USD while PACW.L tracks the Solactive GBS Global Markets Large & Mid Cap Index. Both are passively managed. Over the past year, SSAC.L returned 30.38% vs 30.63% for PACW.L. With a 0.99 correlation, they move nearly in lockstep. SSAC.L charges 0.20%/yr vs 0.07%/yr for PACW.L.
Performance
SSAC.L vs. PACW.L - Performance Comparison
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Different Trading Currencies
SSAC.L is traded in GBp, while PACW.L is traded in GBP. To make them comparable, the PACW.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with SSAC.L having a 11.92% return and PACW.L slightly higher at 11.96%.
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%
PACW.L
- 1D
- -0.43%
- 1M
- 5.84%
- YTD
- 11.96%
- 6M
- 12.58%
- 1Y
- 30.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SSAC.L vs. PACW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SSAC.L iShares MSCI ACWI UCITS ETF (Acc) | 11.92% | 9.38% |
PACW.L Amundi Prime All Country World UCITS ETF Income | 11.96% | 9.58% |
Correlation
The correlation between SSAC.L and PACW.L is 0.99 - 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 | 0.99 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025 | 0.99 |
The correlation between SSAC.L and PACW.L has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
SSAC.L vs. PACW.L — Risk / Return Rank
SSAC.L
PACW.L
SSAC.L vs. PACW.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 Amundi Prime All Country World UCITS ETF Income (PACW.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.L | PACW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.56 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.31 | 4.32 | -0.01 |
| Martin ratioReturn relative to average drawdown | 17.42 | 17.62 | -0.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SSAC.L | PACW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.89 | 2.93 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 1.24 | -0.34 |
Drawdowns
SSAC.L vs. PACW.L - Drawdown Comparison
The maximum SSAC.L drawdown since its inception was -25.43%, which is greater than PACW.L's maximum drawdown of -17.68%. Use the drawdown chart below to compare losses from any high point for SSAC.L and PACW.L.
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Drawdown Indicators
| SSAC.L | PACW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.43% | -17.68% | -7.75% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -7.06% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -17.99% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.99% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.43% | — | — |
Current DrawdownCurrent decline from peak | -0.34% | -0.43% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -3.50% | -3.03% | -0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 1.73% | +0.01% |
Volatility
SSAC.L vs. PACW.L - Volatility Comparison
iShares MSCI ACWI UCITS ETF (Acc) (SSAC.L) and Amundi Prime All Country World UCITS ETF Income (PACW.L) have volatilities of 2.89% and 2.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSAC.L | PACW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 2.93% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 7.75% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.51% | 10.45% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.98% | 13.93% | -0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.38% | 13.93% | +0.45% |
SSAC.L vs. PACW.L - Expense Ratio Comparison
SSAC.L has a 0.20% expense ratio, which is higher than PACW.L's 0.07% 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. PACW.L - Dividend Comparison
SSAC.L has not paid dividends to shareholders, while PACW.L's dividend yield for the trailing twelve months is around 1.23%.
| Position | TTM |
|---|---|
PACW.L Amundi Prime All Country World UCITS ETF Income | 1.23% |
SSAC.L iShares MSCI ACWI UCITS ETF (Acc) | 0.00% |
Frequently Asked Questions
With a correlation of 0.99, SSAC.L and PACW.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, PACW.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PACW.L is cheaper with a 0.07% expense ratio, compared with 0.20% for SSAC.L.
SSAC.L tracks MSCI ACWI NR USD, while PACW.L tracks Solactive GBS Global Markets Large & Mid Cap Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for SSAC.L and 0.07% for PACW.L.
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