TOK vs. ACWI
Compare and contrast key facts about iShares MSCI Kokusai ETF (TOK) and iShares MSCI ACWI ETF (ACWI).
TOK and ACWI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TOK is a passively managed fund by iShares that tracks the performance of the MSCI Kokusai Index. It was launched on Dec 10, 2007. ACWI is a passively managed fund by iShares that tracks the performance of the MSCI All Country World Index. It was launched on Mar 26, 2008. Both TOK and ACWI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TOK or ACWI.
Correlation
The correlation between TOK and ACWI is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TOK vs. ACWI - Performance Comparison
Key characteristics
TOK:
1.79
ACWI:
1.66
TOK:
2.47
ACWI:
2.27
TOK:
1.32
ACWI:
1.30
TOK:
2.78
ACWI:
2.44
TOK:
10.89
ACWI:
9.78
TOK:
1.95%
ACWI:
2.02%
TOK:
11.87%
ACWI:
11.91%
TOK:
-56.18%
ACWI:
-56.00%
TOK:
-0.33%
ACWI:
-0.26%
Returns By Period
The year-to-date returns for both investments are quite close, with TOK having a 5.27% return and ACWI slightly higher at 5.37%. Over the past 10 years, TOK has outperformed ACWI with an annualized return of 10.89%, while ACWI has yielded a comparatively lower 9.55% annualized return.
TOK
5.27%
2.02%
9.37%
21.80%
12.55%
10.89%
ACWI
5.37%
2.36%
8.29%
20.04%
10.99%
9.55%
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TOK vs. ACWI - Expense Ratio Comparison
TOK has a 0.25% expense ratio, which is lower than ACWI's 0.32% expense ratio.
Risk-Adjusted Performance
TOK vs. ACWI — Risk-Adjusted Performance Rank
TOK
ACWI
TOK vs. ACWI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Kokusai ETF (TOK) 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.
Dividends
TOK vs. ACWI - Dividend Comparison
TOK's dividend yield for the trailing twelve months is around 1.57%, less than ACWI's 1.62% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TOK iShares MSCI Kokusai ETF | 1.57% | 1.66% | 1.95% | 3.55% | 1.66% | 1.52% | 2.12% | 2.74% | 2.60% | 2.56% | 3.02% | 2.64% |
ACWI iShares MSCI ACWI ETF | 1.62% | 1.70% | 1.88% | 1.79% | 1.71% | 1.43% | 2.33% | 2.25% | 1.94% | 2.19% | 2.56% | 2.26% |
Drawdowns
TOK vs. ACWI - Drawdown Comparison
The maximum TOK drawdown since its inception was -56.18%, roughly equal to the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for TOK and ACWI. For additional features, visit the drawdowns tool.
Volatility
TOK vs. ACWI - Volatility Comparison
iShares MSCI Kokusai ETF (TOK) and iShares MSCI ACWI ETF (ACWI) have volatilities of 2.72% and 2.86%, 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.