iShares MSCI ACWI ETF (ACWI): Historical Returns

Data Source: from January 1988 to January 2024 (~36 years)
Consolidated Returns as of 31 January 2024
Category: Stocks
iShares MSCI ACWI ETF (ACWI) ETF
ETF • LIVE PERFORMANCE (USD currency)
0.28%
January 2024

In the last 30 Years, the iShares MSCI ACWI ETF (ACWI) ETF obtained a 6.18% compound annual return, with a 15.56% standard deviation.

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The ETF is related to the following investment themes:

  • Asset Class: Equity
  • Size: Large Cap
  • Style: Blend
  • Region: Developed Markets
  • Country: Broad Developed Markets

Investment Returns as of Jan 31, 2024

The iShares MSCI ACWI ETF (ACWI) ETF guaranteed the following returns.

Returns are calculated in USD, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
  • the actual US Inflation rates.
ISHARES MSCI ACWI ETF (ACWI) ETF
Consolidated returns as of 31 January 2024
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Jan 31, 2024
  1 Day Time ET(*) Feb 2024 1M 6M 1Y 5Y 10Y 30Y MAX
(~36Y)
iShares MSCI ACWI ETF (ACWI) ETF n.a. n.a. 0.28 3.67 14.07 10.12 8.60 6.18 6.51
US Inflation Adjusted return -0.03 1.97 10.64 5.72 5.65 3.56 3.64
Returns over 1 year are annualized | Available data source: since Jan 1988
(*) Eastern Time (ET - America/New York)
US Inflation is updated to Jan 2024. Current inflation (annualized) is 1Y: 3.11% , 5Y: 4.16% , 10Y: 2.79% , 30Y: 2.53%

In 2023, the iShares MSCI ACWI ETF (ACWI) ETF granted a 2.27% dividend yield. If you are interested in getting periodic income, please refer to the iShares MSCI ACWI ETF (ACWI) ETF: Dividend Yield page.

Capital Growth as of Jan 31, 2024

An investment of 1$, since February 1994, now would be worth 6.04$, with a total return of 504.33% (6.18% annualized).

The Inflation Adjusted Capital now would be 2.85$, with a net total return of 185.50% (3.56% annualized).
An investment of 1$, since January 1988, now would be worth 9.73$, with a total return of 873.30% (6.51% annualized).

The Inflation Adjusted Capital now would be 3.63$, with a net total return of 263.32% (3.64% annualized).

Investment Metrics as of Jan 31, 2024

Metrics of iShares MSCI ACWI ETF (ACWI) ETF, updated as of 31 January 2024.

Metrics are calculated based on monthly returns, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
  • the actual US Inflation rates.
ISHARES MSCI ACWI ETF (ACWI) ETF
Advanced Metrics
Data Source: 1 January 1988 - 31 January 2024 (~36 years)
Swipe left to see all data
Metrics as of Jan 31, 2024
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~36Y)
Investment Return (%) 0.28 14.46 3.67 14.07 6.02 10.12 8.60 6.92 6.18 6.51
Infl. Adjusted Return (%) details -0.03 13.66 1.97 10.64 0.34 5.72 5.65 4.24 3.56 3.64
US Inflation (%) 0.31 0.70 1.66 3.11 5.66 4.16 2.79 2.57 2.53 2.77
Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Deepest Drawdown Depth (%) -9.43 -25.72 -25.72 -25.72 -57.40 -57.40 -57.40
Start to Recovery (# months) details 5 25 25 25 72 72 72
Start (yyyy mm) 2023 08 2022 01 2022 01 2022 01 2007 11 2007 11 2007 11
Start to Bottom (# months) 3 9 9 9 16 16 16
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2009 02 2009 02 2009 02
Bottom to End (# months) 2 16 16 16 56 56 56
End (yyyy mm) 2023 12 2024 01 2024 01 2024 01 2013 10 2013 10 2013 10
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest
-48.44 -48.44
Start to Recovery (# months) details 79 79
Start (yyyy mm) 2023 08 2022 01 2022 01 2022 01 2007 11 2000 04 2000 04
Start to Bottom (# months) 3 9 9 9 16 30 30
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2009 02 2002 09 2002 09
Bottom to End (# months) 2 16 16 16 56 49 49
End (yyyy mm) 2023 12 2024 01 2024 01 2024 01 2013 10 2006 10 2006 10
Longest negative period (# months) details 9 31 31 32 100 157 157
Period Start (yyyy mm) 2023 02 2021 04 2021 04 2017 08 2007 11 1996 02 1996 02
Period End (yyyy mm) 2023 10 2023 10 2023 10 2020 03 2016 02 2009 02 2009 02
Annualized Return (%) -0.45 -0.41 -0.41 -0.67 -0.08 -0.14 -0.14
Deepest Drawdown Depth (%) -10.28 -29.95 -29.95 -29.95 -58.10 -58.10 -58.10
Start to Recovery (# months) details 5 29* 29* 29* 88 88 88
Start (yyyy mm) 2023 08 2021 09 2021 09 2021 09 2007 11 2007 11 2007 11
Start to Bottom (# months) 3 13 13 13 16 16 16
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2009 02 2009 02 2009 02
Bottom to End (# months) 2 16 16 16 72 72 72
End (yyyy mm) 2023 12 - - - 2015 02 2015 02 2015 02
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest
-51.58 -51.58
Start to Recovery (# months) details 94 94
Start (yyyy mm) 2023 08 2021 09 2021 09 2021 09 2007 11 2000 01 2000 01
Start to Bottom (# months) 3 13 13 13 16 39 39
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2009 02 2003 03 2003 03
Bottom to End (# months) 2 16 16 16 72 55 55
End (yyyy mm) 2023 12 - - - 2015 02 2007 10 2007 10
Longest negative period (# months) details 9 35* 42 58 110 203 254
Period Start (yyyy mm) 2023 02 2021 03 2019 04 2017 12 2007 01 2000 01 1988 01
Period End (yyyy mm) 2023 10 2024 01 2022 09 2022 09 2016 02 2016 11 2009 02
Annualized Return (%) -3.53 -0.29 -0.28 -0.03 -0.13 -0.08 -0.05
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 13.82 16.45 17.41 14.59 15.97 15.56 15.42
Sharpe Ratio 0.65 0.23 0.48 0.51 0.35 0.25 0.16
Sortino Ratio 0.97 0.32 0.64 0.69 0.46 0.33 0.22
Ulcer Index 3.52 10.69 9.16 7.35 15.75 18.07 16.88
Ratio: Return / Standard Deviation 1.02 0.37 0.58 0.59 0.43 0.40 0.42
Ratio: Return / Deepest Drawdown 1.49 0.23 0.39 0.33 0.12 0.11 0.11
% Positive Months details 58% 61% 63% 65% 62% 61% 60%
Positive Months 7 22 38 79 149 221 264
Negative Months 5 14 22 41 91 139 169
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized 8.60 12.96 12.96 12.96
Worst 10 Years Return (%) - Annualized 2.75 -3.90 -3.90
Best 10 Years Return (%) - Annualized 5.65 11.00 11.00 11.00
Worst 10 Years Return (%) - Annualized 0.98 -6.33 -6.33
ROLLING PERIODS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Over the latest 30Y
Best Rolling Return (%) - Annualized 60.06 23.92 19.77 12.96 8.08 6.18
Worst Rolling Return (%) - Annualized -50.82 -19.43 -6.95 -3.90 2.42
% Positive Periods 71% 77% 77% 90% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 65.80 21.84 13.24 6.95 3.95 4.91
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 0.26 3.19
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 56.69 21.03 17.35 11.00 5.44 3.56
Worst Rolling Return (%) - Annualized -50.82 -21.36 -9.28 -6.33 0.34
% Positive Periods 69% 74% 66% 87% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 65.80 21.84 13.24 6.95 3.95 4.91
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 0.26 3.19
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Over all the available data source (Jan 1988 - Jan 2024)
Best Rolling Return (%) - Annualized 60.06 23.92 19.77 12.96 8.08 7.03
Worst Rolling Return (%) - Annualized -50.82 -19.43 -6.95 -3.90 1.93 5.21
% Positive Periods 71% 79% 81% 92% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 65.80 21.84 13.24 6.95 3.95 4.24
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - - 2.43
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 56.69 21.03 17.35 11.00 5.44 4.60
Worst Rolling Return (%) - Annualized -50.82 -21.36 -9.28 -6.33 -0.88 2.65
% Positive Periods 68% 73% 70% 90% 98% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 65.80 21.84 13.24 6.95 3.95 4.24
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - - 2.43
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the portfolio.
  • Deepest/Longest Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. The deepest (or maximum) drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The longest drawdown is the period observed from a peak to the subsequent peak with the greatest duration.
  • Longest negative period: it's the maximum period for which an overall negative return has been observed.
  • Standard Deviation: it's a measure of the dispersion of returns around the mean.
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the portfolio. It's calculated by dividing the excess return of the portfolio over the risk-free rate by the portfolio standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
  • Sortino Ratio: another measure of risk-adjusted performance of the portfolio. It's a modification of the Sharpe Ratio (same formula but the denominator is the portfolio downside standard deviation).
  • Ulcer Index: it's a measure of downside risk that quantifies the depth and duration of drawdowns in an investment portfolio.
  • Best/Worst 10Y returns: the best and the worst 10-year return over a time frame.
  • Rolling Returns: N-year returns over a time frame, calculated over all the available data source (best, worst, % of positive returns). Each rolling period, longer than the longest negative period, yielded a non-negative minimum return.
  • Safe Withdrawal Rate (SWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, without the portfolio running out of money in any case (money amount withdrawal).
    For instance: Your initial invested capital is 100.000$; withdrawal rate (annualized) is 4%. This means that, in the first month, you will withdraw 100.000 * 4% * 1/12 = 333.33$. The second month, you’ll withdraw 333.33$ plus the inflation monthly rate. You’ll continue adjusting your withdraw monthly for inflation.
  • Perpetual Withdrawal Rate (PWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, preserving the original invested capital, adjusted for inflation too.

Correlations as of Jan 31, 2024

Correlation measures to what degree the returns of the two assets move in relation to each other.

Correlation coefficient is a numerical value between -1 and +1. If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.
Asset correlations are calculated based on monthly returns.

Monthly correlations of iShares MSCI ACWI ETF (ACWI) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).

ISHARES MSCI ACWI ETF (ACWI) ETF
Monthly correlations as of 31 January 2024
Swipe left to see all data
Correlation vs ACWI
Asset Class 1 Year 5 Years 10 Years 30 Years Since
Jan 1992
VTI
US Total Stock Market
0.99
0.98
0.97
0.95
0.94
SPY
US Large Cap
0.99
0.98
0.97
0.95
0.94
IJR
US Small Cap
0.78
0.89
0.84
0.82
0.81
VNQ
US REITs
0.91
0.86
0.75
0.63
0.62
QQQ
US Technology
0.81
0.90
0.89
0.78
0.76
PFF
Preferred Stocks
0.74
0.82
0.75
0.51
0.50
EFA
EAFE Stocks
0.97
0.96
0.95
0.95
0.94
VT
World All Countries
1.00
1.00
1.00
1.00
1.00
EEM
Emerging Markets
0.92
0.82
0.81
0.84
0.81
VGK
Europe
0.93
0.95
0.93
0.93
0.93
VPL
Pacific
0.97
0.92
0.91
0.83
0.82
FLLA
Latin America
0.93
0.74
0.65
0.74
0.73
BND
US Total Bond Market
0.85
0.57
0.44
0.17
0.18
TLT
Long Term Treasuries
0.86
0.22
0.11
-0.11
-0.10
BIL
US Cash
0.30
-0.05
-0.03
-0.04
-0.04
TIP
TIPS
0.79
0.63
0.53
0.21
0.22
LQD
Invest. Grade Bonds
0.90
0.72
0.63
0.35
0.36
HYG
High Yield Bonds
0.93
0.87
0.84
0.71
0.70
CWB
US Convertible Bonds
0.88
0.87
0.88
0.85
0.84
BNDX
International Bonds
0.77
0.58
0.44
0.18
0.18
EMB
Emerg. Market Bonds
0.96
0.84
0.75
0.61
0.61
GLD
Gold
0.36
0.28
0.17
0.14
0.14
DBC
Commodities
0.20
0.52
0.49
0.40
0.40

If you want to learn more about historical correlations, you can find out here how the main asset class are correlated to each other.

Drawdowns

A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.

ISHARES MSCI ACWI ETF (ACWI) ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 February 1994 - 31 January 2024 (30 Years)
Data Source: 1 January 1988 - 31 January 2024 (~36 years)
Inflation Adjusted:
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-57.40% Nov 2007 Feb 2009 16 Oct 2013 56 72 26.95
-48.44% Apr 2000 Sep 2002 30 Oct 2006 49 79 26.77
-25.72% Jan 2022 Sep 2022 9 Jan 2024 16 25 12.71
-21.05% Jan 2020 Mar 2020 3 Aug 2020 5 8 9.53
-14.59% May 1998 Aug 1998 4 Nov 1998 3 7 7.20
-14.02% Feb 2018 Dec 2018 11 Jun 2019 6 17 5.80
-13.36% Jun 2015 Feb 2016 9 Dec 2016 10 19 6.34
-8.28% Aug 1997 Oct 1997 3 Feb 1998 4 7 5.31
-6.65% Sep 1994 Jan 1995 5 Apr 1995 3 8 3.81
-6.20% Feb 1994 Mar 1994 2 Aug 1994 5 7 3.32
-5.50% Jan 2000 Jan 2000 1 Mar 2000 2 3 3.81
-5.11% Sep 2020 Oct 2020 2 Nov 2020 1 3 2.95
-4.63% Jan 2014 Jan 2014 1 Feb 2014 1 2 2.68
-4.43% Sep 2014 Jan 2015 5 Feb 2015 1 6 2.56
-4.23% Sep 2021 Sep 2021 1 Oct 2021 1 2 2.44
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 87 4.1 Months 24.10%
 
DD = 0% 24.10%
 
0% < DD <= -5% 77 4.7 Months 21.33%
 
DD <= -5% 45.43%
 
-5% < DD <= -10% 49 7.4 Months 13.57%
 
DD <= -10% 59.00%
 
-10% < DD <= -15% 30 12.0 Months 8.31%
 
DD <= -15% 67.31%
 
-15% < DD <= -20% 30 12.0 Months 8.31%
 
DD <= -20% 75.62%
 
-20% < DD <= -25% 17 21.2 Months 4.71%
 
DD <= -25% 80.33%
 
-25% < DD <= -30% 23 15.7 Months 6.37%
 
DD <= -30% 86.70%
 
-30% < DD <= -35% 19 19.0 Months 5.26%
 
DD <= -35% 91.97%
 
-35% < DD <= -40% 9 40.1 Months 2.49%
 
DD <= -40% 94.46%
 
-40% < DD <= -45% 10 36.1 Months 2.77%
 
DD <= -45% 97.23%
 
-45% < DD <= -50% 7 51.6 Months 1.94%
 
DD <= -50% 99.17%
 
-50% < DD <= -55% 2 180.5 Months 0.55%
 
DD <= -55% 99.72%
 
-55% < DD <= -60% 1 361.0 Months 0.28%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-58.10% Nov 2007 Feb 2009 16 Feb 2015 72 88 27.55
-51.58% Jan 2000 Mar 2003 39 Oct 2007 55 94 29.33
-29.95% Sep 2021 Sep 2022 13 in progress 16 29 16.53
-20.90% Jan 2020 Mar 2020 3 Aug 2020 5 8 9.25
-15.35% Feb 2018 Dec 2018 11 Nov 2019 11 22 6.20
-15.22% May 1998 Aug 1998 4 Dec 1998 4 8 7.19
-13.76% May 2015 Feb 2016 10 Jan 2017 11 21 6.74
-8.91% Aug 1997 Oct 1997 3 Feb 1998 4 7 5.83
-8.16% Feb 1994 Jan 1995 12 Jul 1995 6 18 4.25
-5.43% Sep 2020 Oct 2020 2 Nov 2020 1 3 3.15
-4.16% May 1996 Jul 1996 3 Nov 1996 4 7 1.88
-3.72% May 1999 May 1999 1 Jun 1999 1 2 2.15
-3.01% Jul 1999 Sep 1999 3 Oct 1999 1 4 1.55
-2.64% Feb 1999 Feb 1999 1 Mar 1999 1 2 1.52
-2.55% Aug 1995 Aug 1995 1 Nov 1995 3 4 1.53
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 53 6.8 Months 14.68%
 
DD = 0% 14.68%
 
0% < DD <= -5% 76 4.8 Months 21.05%
 
DD <= -5% 35.73%
 
-5% < DD <= -10% 56 6.4 Months 15.51%
 
DD <= -10% 51.25%
 
-10% < DD <= -15% 22 16.4 Months 6.09%
 
DD <= -15% 57.34%
 
-15% < DD <= -20% 29 12.4 Months 8.03%
 
DD <= -20% 65.37%
 
-20% < DD <= -25% 26 13.9 Months 7.20%
 
DD <= -25% 72.58%
 
-25% < DD <= -30% 28 12.9 Months 7.76%
 
DD <= -30% 80.33%
 
-30% < DD <= -35% 29 12.4 Months 8.03%
 
DD <= -35% 88.37%
 
-35% < DD <= -40% 18 20.1 Months 4.99%
 
DD <= -40% 93.35%
 
-40% < DD <= -45% 7 51.6 Months 1.94%
 
DD <= -45% 95.29%
 
-45% < DD <= -50% 11 32.8 Months 3.05%
 
DD <= -50% 98.34%
 
-50% < DD <= -55% 5 72.2 Months 1.39%
 
DD <= -55% 99.72%
 
-55% < DD <= -60% 1 361.0 Months 0.28%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-57.40% Nov 2007 Feb 2009 16 Oct 2013 56 72 26.95
-48.44% Apr 2000 Sep 2002 30 Oct 2006 49 79 26.77
-25.72% Jan 2022 Sep 2022 9 Jan 2024 16 25 12.71
-25.28% Jan 1990 Sep 1990 9 May 1993 32 41 11.61
-21.05% Jan 2020 Mar 2020 3 Aug 2020 5 8 9.53
-14.59% May 1998 Aug 1998 4 Nov 1998 3 7 7.20
-14.02% Feb 2018 Dec 2018 11 Jun 2019 6 17 5.80
-13.36% Jun 2015 Feb 2016 9 Dec 2016 10 19 6.34
-8.28% Aug 1997 Oct 1997 3 Feb 1998 4 7 5.31
-6.65% Sep 1994 Jan 1995 5 Apr 1995 3 8 3.81
-6.38% May 1988 Aug 1988 4 Oct 1988 2 6 2.88
-6.20% Feb 1994 Mar 1994 2 Aug 1994 5 7 3.32
-5.50% Jan 2000 Jan 2000 1 Mar 2000 2 3 3.81
-5.37% Nov 1993 Nov 1993 1 Jan 1994 2 3 2.69
-5.11% Sep 2020 Oct 2020 2 Nov 2020 1 3 2.95
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 105 4.1 Months 24.19%
 
DD = 0% 24.19%
 
0% < DD <= -5% 94 4.6 Months 21.66%
 
DD <= -5% 45.85%
 
-5% < DD <= -10% 64 6.8 Months 14.75%
 
DD <= -10% 60.60%
 
-10% < DD <= -15% 46 9.4 Months 10.60%
 
DD <= -15% 71.20%
 
-15% < DD <= -20% 35 12.4 Months 8.06%
 
DD <= -20% 79.26%
 
-20% < DD <= -25% 18 24.1 Months 4.15%
 
DD <= -25% 83.41%
 
-25% < DD <= -30% 24 18.1 Months 5.53%
 
DD <= -30% 88.94%
 
-30% < DD <= -35% 19 22.8 Months 4.38%
 
DD <= -35% 93.32%
 
-35% < DD <= -40% 9 48.2 Months 2.07%
 
DD <= -40% 95.39%
 
-40% < DD <= -45% 10 43.4 Months 2.30%
 
DD <= -45% 97.70%
 
-45% < DD <= -50% 7 62.0 Months 1.61%
 
DD <= -50% 99.31%
 
-50% < DD <= -55% 2 217.0 Months 0.46%
 
DD <= -55% 99.77%
 
-55% < DD <= -60% 1 434.0 Months 0.23%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-58.10% Nov 2007 Feb 2009 16 Feb 2015 72 88 27.55
-51.58% Jan 2000 Mar 2003 39 Oct 2007 55 94 29.33
-29.95% Sep 2021 Sep 2022 13 in progress 16 29 16.53
-28.78% Jan 1990 Sep 1990 9 Jul 1995 58 67 14.41
-20.90% Jan 2020 Mar 2020 3 Aug 2020 5 8 9.25
-15.35% Feb 2018 Dec 2018 11 Nov 2019 11 22 6.20
-15.22% May 1998 Aug 1998 4 Dec 1998 4 8 7.19
-13.76% May 2015 Feb 2016 10 Jan 2017 11 21 6.74
-8.91% Aug 1997 Oct 1997 3 Feb 1998 4 7 5.83
-7.79% May 1988 Aug 1988 4 Oct 1988 2 6 3.75
-5.56% Feb 1989 Jun 1989 5 Jul 1989 1 6 2.73
-5.43% Sep 2020 Oct 2020 2 Nov 2020 1 3 3.15
-4.16% May 1996 Jul 1996 3 Nov 1996 4 7 1.88
-3.85% Oct 1989 Oct 1989 1 Dec 1989 2 3 1.95
-3.72% May 1999 May 1999 1 Jun 1999 1 2 2.15
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 64 6.8 Months 14.75%
 
DD = 0% 14.75%
 
0% < DD <= -5% 88 4.9 Months 20.28%
 
DD <= -5% 35.02%
 
-5% < DD <= -10% 65 6.7 Months 14.98%
 
DD <= -10% 50.00%
 
-10% < DD <= -15% 34 12.8 Months 7.83%
 
DD <= -15% 57.83%
 
-15% < DD <= -20% 44 9.9 Months 10.14%
 
DD <= -20% 67.97%
 
-20% < DD <= -25% 39 11.1 Months 8.99%
 
DD <= -25% 76.96%
 
-25% < DD <= -30% 29 15.0 Months 6.68%
 
DD <= -30% 83.64%
 
-30% < DD <= -35% 29 15.0 Months 6.68%
 
DD <= -35% 90.32%
 
-35% < DD <= -40% 18 24.1 Months 4.15%
 
DD <= -40% 94.47%
 
-40% < DD <= -45% 7 62.0 Months 1.61%
 
DD <= -45% 96.08%
 
-45% < DD <= -50% 11 39.5 Months 2.53%
 
DD <= -50% 98.62%
 
-50% < DD <= -55% 5 86.8 Months 1.15%
 
DD <= -55% 99.77%
 
-55% < DD <= -60% 1 434.0 Months 0.23%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 

Rolling Returns

( more details)

A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.

ISHARES MSCI ACWI ETF (ACWI) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 February 1994 - 31 January 2024 (30 Years)
Data Source: 1 January 1988 - 31 January 2024 (~36 years)
Inflation Adjusted:
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -50.82 03/2008
02/2009
0.49$ -11.09 0.88$ 10.93 1.10$ 21.77 1.21$ 60.06 03/2009
02/2010
1.60$ 14.07 28.65%
2Y -29.72 03/2007
02/2009
0.49$ -5.78 0.88$ 9.04 1.18$ 17.19 1.37$ 39.42 03/2009
02/2011
1.94$ 2.41 21.36%
3Y -19.43 04/2000
03/2003
0.52$ -5.18 0.85$ 8.70 1.28$ 14.66 1.50$ 23.92 03/2009
02/2012
1.90$ 6.02 22.46%
5Y -6.95 04/1998
03/2003
0.69$ -2.21 0.89$ 6.73 1.38$ 12.95 1.83$ 19.77 03/2009
02/2014
2.46$ 10.12 22.59%
7Y -3.35 03/2002
02/2009
0.78$ 1.90 1.14$ 4.71 1.37$ 9.51 1.88$ 12.86 03/2009
02/2016
2.33$ 9.77 3.25%
10Y -3.90 03/1999
02/2009
0.67$ 2.88 1.32$ 5.63 1.72$ 8.93 2.35$ 12.96 03/2009
02/2019
3.38$ 8.60 9.96%
15Y 0.93 03/1994
02/2009
1.14$ 2.88 1.53$ 4.40 1.90$ 6.81 2.68$ 11.06 02/2009
01/2024
4.82$ 11.06 0.00%
20Y 2.42 04/2000
03/2020
1.61$ 4.05 2.21$ 5.12 2.71$ 7.13 3.96$ 8.08 04/2003
03/2023
4.73$ 6.92 0.00%
30Y 6.18 02/1994
01/2024
6.04$ 6.18 6.04$ 6.18 6.04$ 6.18 6.04$ 6.18 02/1994
01/2024
6.04$ 6.18 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -50.82 03/2008
02/2009
0.49$ -13.57 0.86$ 7.91 1.07$ 18.66 1.18$ 56.69 03/2009
02/2010
1.56$ 10.64 30.66%
2Y -31.13 03/2007
02/2009
0.47$ -8.52 0.83$ 6.88 1.14$ 14.43 1.30$ 36.51 03/2009
02/2011
1.86$ -2.21 26.71%
3Y -21.36 04/2000
03/2003
0.48$ -7.13 0.80$ 6.21 1.19$ 11.93 1.40$ 21.03 03/2009
02/2012
1.77$ 0.34 25.23%
5Y -9.28 04/1998
03/2003
0.61$ -4.47 0.79$ 4.12 1.22$ 10.36 1.63$ 17.35 03/2009
02/2014
2.22$ 5.72 33.22%
7Y -5.78 03/2002
02/2009
0.65$ -0.63 0.95$ 2.22 1.16$ 7.42 1.65$ 11.10 03/2009
02/2016
2.08$ 6.08 24.55%
10Y -6.33 03/1999
02/2009
0.52$ 0.38 1.03$ 3.13 1.36$ 6.84 1.93$ 11.00 03/2009
02/2019
2.83$ 5.65 12.45%
15Y -1.54 03/1994
02/2009
0.79$ 0.54 1.08$ 1.96 1.33$ 4.66 1.98$ 8.29 02/2009
01/2024
3.30$ 8.29 4.42%
20Y 0.34 04/2000
03/2020
1.06$ 1.88 1.45$ 2.85 1.75$ 4.59 2.45$ 5.44 04/2003
03/2023
2.88$ 4.24 0.00%
30Y 3.56 02/1994
01/2024
2.85$ 3.56 2.85$ 3.56 2.85$ 3.56 2.85$ 3.56 02/1994
01/2024
2.85$ 3.56 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -50.82 03/2008
02/2009
0.49$ -8.07 0.91$ 10.65 1.10$ 21.45 1.21$ 60.06 03/2009
02/2010
1.60$ 14.07 28.67%
2Y -29.72 03/2007
02/2009
0.49$ -2.92 0.94$ 8.38 1.17$ 16.46 1.35$ 39.42 03/2009
02/2011
1.94$ 2.41 21.95%
3Y -19.43 04/2000
03/2003
0.52$ -2.54 0.92$ 8.25 1.26$ 14.33 1.49$ 23.92 03/2009
02/2012
1.90$ 6.02 20.85%
5Y -6.95 04/1998
03/2003
0.69$ -1.23 0.94$ 6.91 1.39$ 12.87 1.83$ 19.77 03/2009
02/2014
2.46$ 10.12 18.18%
7Y -3.35 03/2002
02/2009
0.78$ 2.06 1.15$ 6.02 1.50$ 10.15 1.96$ 15.59 01/1993
12/1999
2.75$ 9.77 2.57%
10Y -3.90 03/1999
02/2009
0.67$ 3.14 1.36$ 5.87 1.76$ 9.02 2.37$ 12.96 03/2009
02/2019
3.38$ 8.60 7.64%
15Y 0.93 03/1994
02/2009
1.14$ 3.02 1.56$ 5.01 2.08$ 7.18 2.83$ 11.06 02/2009
01/2024
4.82$ 11.06 0.00%
20Y 1.93 03/1989
02/2009
1.46$ 3.95 2.16$ 5.13 2.72$ 6.67 3.63$ 8.08 04/2003
03/2023
4.73$ 6.92 0.00%
30Y 5.21 01/1989
12/2018
4.59$ 5.53 5.03$ 6.23 6.12$ 6.75 7.10$ 7.03 07/1991
06/2021
7.67$ 6.18 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -50.82 03/2008
02/2009
0.49$ -12.52 0.87$ 7.50 1.07$ 18.32 1.18$ 56.69 03/2009
02/2010
1.56$ 10.64 31.99%
2Y -31.13 03/2007
02/2009
0.47$ -7.37 0.85$ 5.58 1.11$ 13.72 1.29$ 36.51 03/2009
02/2011
1.86$ -2.21 28.54%
3Y -21.36 04/2000
03/2003
0.48$ -5.68 0.83$ 5.65 1.17$ 11.46 1.38$ 21.03 03/2009
02/2012
1.77$ 0.34 26.88%
5Y -9.28 04/1998
03/2003
0.61$ -3.49 0.83$ 4.23 1.23$ 10.17 1.62$ 17.35 03/2009
02/2014
2.22$ 5.72 29.14%
7Y -5.78 03/2002
02/2009
0.65$ -0.36 0.97$ 3.00 1.22$ 7.99 1.71$ 12.81 01/1993
12/1999
2.32$ 6.08 19.43%
10Y -6.33 03/1999
02/2009
0.52$ 1.00 1.10$ 3.35 1.39$ 6.83 1.93$ 11.00 03/2009
02/2019
2.83$ 5.65 9.55%
15Y -1.54 03/1994
02/2009
0.79$ 0.58 1.09$ 2.44 1.43$ 4.67 1.98$ 8.29 02/2009
01/2024
3.30$ 8.29 3.15%
20Y -0.88 03/1989
02/2009
0.83$ 1.66 1.39$ 2.69 1.70$ 4.13 2.24$ 5.44 04/2003
03/2023
2.88$ 4.24 1.55%
30Y 2.65 01/1989
12/2018
2.19$ 3.01 2.43$ 3.57 2.86$ 4.33 3.56$ 4.60 07/1991
06/2021
3.85$ 3.56 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the iShares MSCI ACWI ETF (ACWI) ETF: Rolling Returns page.

Seasonality

In which months is it better to invest in iShares MSCI ACWI ETF (ACWI) ETF?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.
For further information about the seasonality, check the Asset Class Seasonality page.
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.30
40%
-1.82
40%
-0.74
80%
2.20
80%
-0.02
60%
1.68
80%
3.40
100%
-0.26
40%
-3.72
20%
1.94
60%
5.80
80%
2.45
80%
Best 7.5
2023
2.5
2019
3.3
2023
9.8
2020
5.1
2020
6.5
2019
7.1
2022
6.0
2020
2.2
2019
6.3
2022
11.8
2020
4.8
2023
Worst -4.5
2022
-7.5
2020
-13.4
2020
-8.1
2022
-6.1
2019
-8.1
2022
0.1
2019
-4.4
2022
-9.4
2022
-2.5
2023
-2.3
2021
-4.6
2022
Monthly Seasonality over the period Feb 1988 - Jan 2024
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
1.15
50%
-0.16
50%
0.26
70%
1.84
90%
0.49
78%
0.78
60%
2.59
90%
-0.41
60%
-2.19
40%
1.14
60%
3.45
80%
0.40
60%
Best 8.0
2019
5.5
2015
7.4
2016
9.8
2020
5.1
2020
6.5
2019
7.1
2022
6.0
2020
2.2
2019
7.7
2015
11.8
2020
4.8
2023
Worst -5.3
2016
-7.5
2020
-13.4
2020
-8.1
2022
-6.1
2019
-8.1
2022
-1.4
2014
-6.8
2015
-9.4
2022
-7.4
2018
-2.3
2021
-7.2
2018
Monthly Seasonality over the period Feb 1988 - Jan 2024
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.09
57%
0.19
53%
0.64
58%
2.15
78%
0.34
57%
-0.27
42%
1.67
69%
-1.18
50%
-0.87
56%
1.38
64%
1.57
69%
1.84
78%
Best 8.0
2019
9.2
1991
9.2
2009
12.8
2009
10.5
2009
6.5
2019
11.1
1989
6.0
2020
9.8
2010
11.3
2011
11.8
2020
8.2
1999
Worst -11.4
2009
-9.7
2009
-13.4
2020
-8.1
2022
-9.4
2010
-8.3
2008
-8.5
2002
-14.2
1998
-12.7
2008
-19.9
2008
-6.8
2008
-7.2
2018
Monthly Seasonality over the period Feb 1988 - Jan 2024

Monthly Returns

This section provides a visual/tabular representation of the performance variability in the iShares MSCI ACWI ETF (ACWI) ETF over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

ISHARES MSCI ACWI ETF (ACWI) ETF
Monthly Returns Distribution
Data Source: 1 February 1994 - 31 January 2024 (30 Years)
Data Source: 1 January 1988 - 31 January 2024 (~36 years)
221 Positive Months (61%) - 139 Negative Months (39%)
264 Positive Months (61%) - 169 Negative Months (39%)
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(Scroll down to see all data)
Investment Returns, up to December 2008, have been derived using the historical series of equivalent ETFs / Assets.
You can find additional information on extended Data Sources here.

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