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VLUE vs. ACWI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VLUE vs. ACWI

Last updated Aug 4, 2026
Documentation

VLUE (iShares MSCI USA Value Factor ETF) and ACWI (iShares MSCI ACWI ETF) are both exchange-traded funds - VLUE is a Large Cap Value Equities fund tracking the MSCI USA Enhanced Value Index, while ACWI is a Global Equities fund tracking the MSCI All Country World Index. Both are passively managed. Over the past 10 years, VLUE returned 14.46%/yr vs 12.51%/yr for ACWI. Their correlation of 0.82 means they have usually moved in the same direction. VLUE charges 0.15%/yr vs 0.32%/yr for ACWI.

Performance

VLUE vs. ACWI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA Value Factor ETF (VLUE) 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, VLUE achieves a 42.20% return, which is significantly higher than ACWI's 12.35% return. Over the past 10 years, VLUE has outperformed ACWI with an annualized return of 14.46%, while ACWI has yielded a comparatively lower 12.51% annualized return.

VLUE

1D
0.93%
1M
-0.03%
6M
29.94%
YTD
42.20%
1Y
76.30%
3Y*
29.44%
5Y*
16.24%
10Y*
14.46%
ALL TIME*
13.54%

ACWI

1D
0.97%
1M
1.15%
6M
8.65%
YTD
12.35%
1Y
24.97%
3Y*
19.75%
5Y*
10.91%
10Y*
12.51%
ALL TIME*
8.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

ACWI

iShares MSCI ACWI ETF
$355.08M$458.17M$501.32M

VLUE

iShares MSCI USA Value Factor ETF
$129.84M$160.96M$278.87M

VLUE vs. ACWI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VLUE
iShares MSCI USA Value Factor ETF		42.20%32.67%7.25%14.26%-14.17%28.93%-0.23%27.20%-11.13%21.95%
ACWI
iShares MSCI ACWI ETF		12.35%22.41%17.45%22.27%-18.39%18.66%16.34%26.59%-9.19%24.33%

Correlation

The correlation between VLUE and ACWI is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.75

Correlation (3Y)
Balances recent behavior with more history.

0.78

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.83

Correlation (10Y)
Provides a long-term view across more market conditions.

0.83

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

0.82

The correlation between VLUE and ACWI has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.

VLUE vs. ACWI - Sectors Allocation Comparison

Sectors
VLUE
ACWI

Technology

43.1%
32.7%

Financial Services

10.6%
16.0%

Consumer Cyclical

9.9%
8.7%

Communication Services

8.7%
8.0%

Industrials

7.9%
10.8%

Healthcare

7.8%
8.3%

Consumer Defensive

4.2%
4.7%

Energy

2.8%
3.6%

Utilities

2.0%
2.4%

Real Estate

1.8%
1.6%

Basic Materials

1.2%
3.4%

Technology

VLUE
43.1%
ACWI
32.7%

Financial Services

VLUE
10.6%
ACWI
16.0%

Consumer Cyclical

VLUE
9.9%
ACWI
8.7%

Communication Services

VLUE
8.7%
ACWI
8.0%

Industrials

VLUE
7.9%
ACWI
10.8%

Healthcare

VLUE
7.8%
ACWI
8.3%

Consumer Defensive

VLUE
4.2%
ACWI
4.7%

Energy

VLUE
2.8%
ACWI
3.6%

Utilities

VLUE
2.0%
ACWI
2.4%

Real Estate

VLUE
1.8%
ACWI
1.6%

Basic Materials

VLUE
1.2%
ACWI
3.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI USA Value Factor ETF

iShares MSCI ACWI ETF

Often compared with VLUE:
VLUE vs. AVLVVLUE vs. VLUVLUE vs. VOOVLUE vs. VTVVLUE vs. IUSVVLUE vs. QVALVLUE vs. SCHV
Often compared with ACWI:
ACWI vs. VTACWI vs. SPYACWI vs. VWRL.LACWI vs. ACWXACWI vs. VOOACWI vs. ACWI.LACWI vs. VTI

Return for Risk

VLUE vs. ACWI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
VLUE
VLUE Risk / Return Rank: 9797
Overall Rank
VLUE Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
VLUE Sortino Ratio Rank: 9797
Sortino Ratio Rank
VLUE Omega Ratio Rank: 9696
Omega Ratio Rank
VLUE Calmar Ratio Rank: 9797
Calmar Ratio Rank
VLUE Martin Ratio Rank: 9797
Martin Ratio Rank
ACWI
ACWI Risk / Return Rank: 7777
Overall Rank
ACWI Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
ACWI Sortino Ratio Rank: 7676
Sortino Ratio Rank
ACWI Omega Ratio Rank: 7676
Omega Ratio Rank
ACWI Calmar Ratio Rank: 7373
Calmar Ratio Rank
ACWI Martin Ratio Rank: 8181
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VLUE vs. ACWI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Value Factor ETF (VLUE) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

VLUEACWIDifference
Sharpe ratioReturn per unit of total volatility
3.76
1.80

+1.96

Sortino ratioReturn per unit of downside risk
4.77
2.49

+2.28

Omega ratioGain probability vs. loss probability

1.63

1.32

+0.31

Calmar ratioReturn relative to maximum drawdown

8.49

2.58

+5.91

Martin ratioReturn relative to average drawdown

28.19

10.76

+17.43

VLUE vs. ACWI - Sharpe Ratio Comparison

The current VLUE Sharpe Ratio is 3.76, which is higher than the ACWI Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of VLUE 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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Drawdowns

VLUE vs. ACWI - Drawdown Comparison

The maximum VLUE drawdown since its inception was -39.47%, smaller than the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for VLUE and ACWI.

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Drawdown Indicators

VLUEACWIDifference

Max Drawdown

Largest peak-to-trough decline

-39.47%

-56.00%

+16.53%

Max Drawdown (1Y)

Largest decline over 1 year

-9.04%

-9.73%

+0.69%

Max Drawdown (3Y)

Largest decline over 3 years

-17.89%

-16.55%

-1.34%

Max Drawdown (5Y)

Largest decline over 5 years

-27.12%

-26.42%

-0.70%

Max Drawdown (10Y)

Largest decline over 10 years

-39.47%

-33.53%

-5.94%

Current Drawdown

Current decline from peak

-5.71%

-0.63%

-5.08%

Average Drawdown

Average peak-to-trough decline

-5.99%

-8.55%

+2.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.71%

2.33%

+0.38%

Volatility

VLUE vs. ACWI - Volatility Comparison

iShares MSCI USA Value Factor ETF (VLUE) has a higher volatility of 6.51% compared to iShares MSCI ACWI ETF (ACWI) at 4.14%. This indicates that VLUE'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.

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Volatility by Period

VLUEACWIDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.51%

4.14%

+2.37%

Volatility (6M)

Calculated over the trailing 6-month period

17.49%

11.71%

+5.78%

Volatility (1Y)

Calculated over the trailing 1-year period

20.44%

13.99%

+6.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.38%

16.23%

+2.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.05%

17.07%

+2.98%

VLUE vs. ACWI - Expense Ratio Comparison

VLUE has a 0.15% expense ratio, which is lower than ACWI's 0.32% expense ratio.

Dividends

VLUE vs. ACWI - Dividend Comparison

VLUE's dividend yield for the trailing twelve months is around 1.45%, more than ACWI's 1.42% yield.

PositionTTM20252024202320222021202020192018201720162015
ACWI
iShares MSCI ACWI ETF		1.42%1.55%1.70%1.88%1.79%1.71%1.43%2.33%2.18%1.94%2.19%2.56%
VLUE
iShares MSCI USA Value Factor ETF		1.45%2.11%2.73%2.66%3.18%2.22%2.42%2.61%2.70%2.14%2.07%2.39%

Frequently Asked Questions

VLUE and ACWI have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VLUE has higher volatility (6.51%) compared to ACWI (4.14%). In terms of maximum drawdown, VLUE dropped -39.47% vs ACWI's -56.00%.

On 10-year performance, VLUE leads with 14.46% vs 12.51% for ACWI. On fees, VLUE is cheaper at 0.15% per year. On volatility, ACWI has been the lower-risk option at 4.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VLUE has performed better with a 14.46% return vs 12.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VLUE is cheaper with a 0.15% expense ratio, compared with 0.32% for ACWI.

VLUE has the higher dividend yield at 1.45%, compared with 1.42% for ACWI.

VLUE is categorized as Large Cap Value Equities, while ACWI is Global Equities. VLUE tracks MSCI USA Enhanced Value Index, while ACWI tracks MSCI All Country World Index. Their fees differ too: 0.15% for VLUE and 0.32% for ACWI.

VLUE currently has the higher Sharpe Ratio (3.76 vs 1.80), 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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