TECB vs. ACWI

Last updated Jun 4, 2026

TECB (iShares U.S. Tech Breakthrough Multisector ETF) and ACWI (iShares MSCI ACWI ETF) are both exchange-traded funds - TECB is a Technology Equities fund tracking the NYSE FactSet U.S. Tech Breakthrough Index, while ACWI is a Global Equities fund tracking the MSCI All Country World Index. Both are passively managed. Over the past 5 years, TECB returned 14.60%/yr vs 11.28%/yr for ACWI. Their correlation of 0.85 suggests significant overlap in exposure. TECB charges 0.40%/yr vs 0.32%/yr for ACWI.

Performance

TECB vs. ACWI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Tech Breakthrough Multisector ETF (TECB) 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, TECB achieves a 19.78% return, which is significantly higher than ACWI's 12.13% return.

TECB

• 1D: -0.89%
• 1M: 12.64%
• YTD: 19.78%
• 6M: 18.27%
• 1Y: 34.41%
• 3Y*: 26.35%
• 5Y*: 14.60%
• 10Y*: —

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)

TECB vs. ACWI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TECB iShares U.S. Tech Breakthrough Multisector ETF	19.78%	14.86%	24.38%	57.53%	-34.39%	19.60%	39.90%
ACWI iShares MSCI ACWI ETF	12.13%	22.41%	17.45%	22.27%	-18.39%	18.66%	15.22%

Correlation

The correlation between TECB and ACWI is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jan 13, 2020	0.85

The correlation between TECB and ACWI has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.

TECB vs. ACWI - Sectors Allocation Comparison

Sectors	TECB	ACWI
Technology	63.2%	29.4%
Healthcare	11.1%	8.1%
Communication Services	11.1%	9.0%
Financial Services	5.7%	16.1%
Consumer Cyclical	5.4%	9.3%
Real Estate	1.8%	1.8%
Industrials	1.0%	10.9%
Energy	0.7%	4.2%
Basic Materials	-	3.7%
Consumer Defensive	-	5.0%
Utilities	-	2.6%

Return for Risk

TECB vs. ACWI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TECB

TECB Risk / Return Rank: 51
TECB Sharpe Ratio Rank: 59
TECB Sortino Ratio Rank: 57
TECB Omega Ratio Rank: 54
TECB Calmar Ratio Rank: 43
TECB Martin Ratio Rank: 39

ACWI

ACWI Risk / Return Rank: 66
ACWI Sharpe Ratio Rank: 68
ACWI Sortino Ratio Rank: 67
ACWI Omega Ratio Rank: 67
ACWI Calmar Ratio Rank: 59
ACWI Martin Ratio Rank: 71

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.

TECB vs. ACWI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Tech Breakthrough Multisector ETF (TECB) 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.

	TECB	ACWI	Difference
Sharpe ratio: Return per unit of total volatility	2.03	2.29	-0.26
Sortino ratio: Return per unit of downside risk	2.75	3.17	-0.42
Omega ratio: Gain probability vs. loss probability	1.34	1.41	-0.08
Calmar ratio: Return relative to maximum drawdown	2.13	3.01	-0.88
Martin ratio: Return relative to average drawdown	6.24	13.53	-7.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TECB vs. ACWI - Sharpe Ratio Comparison

The current TECB Sharpe Ratio is 2.03, which is comparable to the ACWI Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of TECB 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.

Sharpe Ratios by Period

	TECB	ACWI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.03	2.29	-0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.71	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.43	+0.31

Drawdowns

TECB vs. ACWI - Drawdown Comparison

The maximum TECB drawdown since its inception was -41.62%, smaller than the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for TECB and ACWI.

Drawdown Indicators

	TECB	ACWI	Difference
Max Drawdown Largest peak-to-trough decline	-41.62%	-56.00%	+14.38%
Max Drawdown (1Y) Largest decline over 1 year	-16.24%	-9.73%	-6.51%
Max Drawdown (3Y) Largest decline over 3 years	-23.91%	-16.55%	-7.36%
Max Drawdown (5Y) Largest decline over 5 years	-41.62%	-26.42%	-15.20%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.53%	—
Current Drawdown Current decline from peak	-1.70%	-0.83%	-0.87%
Average Drawdown Average peak-to-trough decline	-10.18%	-8.61%	-1.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.53%	2.16%	+3.37%

Volatility

TECB vs. ACWI - Volatility Comparison

iShares U.S. Tech Breakthrough Multisector ETF (TECB) has a higher volatility of 5.28% compared to iShares MSCI ACWI ETF (ACWI) at 3.93%. This indicates that TECB'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

	TECB	ACWI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.28%	3.93%	+1.35%
Volatility (6M) Calculated over the trailing 6-month period	13.17%	10.29%	+2.88%
Volatility (1Y) Calculated over the trailing 1-year period	17.05%	12.78%	+4.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.51%	16.05%	+7.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.37%	17.11%	+8.26%

TECB vs. ACWI - Expense Ratio Comparison

TECB has a 0.40% expense ratio, which is higher than ACWI's 0.32% expense ratio.

Dividends

TECB vs. ACWI - Dividend Comparison

TECB's dividend yield for the trailing twelve months is around 0.28%, less than ACWI's 1.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
TECB iShares U.S. Tech Breakthrough Multisector ETF	0.28%	0.33%	0.35%	0.23%	0.61%	0.35%	0.77%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TECB and ACWI in my portfolio?

TECB and ACWI have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TECB or ACWI?

TECB has higher volatility (5.28%) compared to ACWI (3.93%). In terms of maximum drawdown, TECB dropped -41.62% vs ACWI's -56.00%.

Which ETF is better, TECB or ACWI?

On 5-year performance, TECB leads with 14.60% vs 11.28% for ACWI. On fees, ACWI is cheaper at 0.32% per year. On volatility, ACWI has been the lower-risk option at 3.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TECB or ACWI?

Over the 5-year period, TECB has performed better with a 14.60% return vs 11.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TECB or ACWI?

ACWI is cheaper with a 0.32% expense ratio, compared with 0.40% for TECB.

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

ACWI has the higher dividend yield at 1.38%, compared with 0.28% for TECB.

What is the main difference between TECB and ACWI?

TECB is categorized as Technology Equities, while ACWI is Global Equities. TECB tracks NYSE FactSet U.S. Tech Breakthrough Index, while ACWI tracks MSCI All Country World Index. Their fees differ too: 0.40% for TECB and 0.32% for ACWI.

Which has better risk-adjusted returns?

ACWI currently has the higher Sharpe Ratio (2.29 vs 2.03), 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.