ACWX vs SUB

Comparison between ISHARES MSCI ACWI EX U.S. ETF (ACWX, ETF) and ISHARES SHORT-TERM NATIONAL MUNI BOND ETF (SUB, ETF).

5-Year PerformanceACWX has outperformed SUB, delivering a return of +9.1% compared to +1.4%

ACWX vs SUB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ACWX(ETF)	SUB(ETF)
Net Assets	$11B	$11B
Expense Ratio	0.32%	0.07%
Max Drawdown	60.59%	11.72%
Sharpe Ratio	1.72	-0.42
5Y Beta	0.74	0.01
5Y Dividends CAGR	8.27%	19.17%

Net Assets

ACWX

$11B

SUB

$11B

Expense Ratio

ACWX

0.32%

Winner

SUB

0.07%

Max Drawdown

ACWX

60.59%

Winner

SUB

11.72%

Sharpe Ratio

Winner

ACWX

1.72

SUB

-0.42

5Y Beta

ACWX

0.74

Winner

SUB

0.01

5Y Dividends CAGR

ACWX

8.27%

Winner

SUB

19.17%

ACWX vs SUB - Historical Returns

Returns include dividend reinvestment.

Period	ACWX	SUB
1 month	+2.62%	-0.11%
3 months	+2.32%	-0.38%
6 months	+12.50%	+1.05%
1 year	+31.54%	+3.32%
5 years(CAGR)	+9.06%	+1.42%
10 years(CAGR)	+9.50%	+1.44%
Max(CAGR)	+4.87%	+1.58%

Winner

ACWX

+2.62%

SUB

-0.11%

Winner

ACWX

+2.32%

SUB

-0.38%

Winner

ACWX

+12.50%

SUB

+1.05%

Winner

ACWX

+31.54%

SUB

+3.32%

5Y(CAGR)

Winner

ACWX

+9.06%

SUB

+1.42%

10Y(CAGR)

Winner

ACWX

+9.50%

SUB

+1.44%

Max(CAGR)

Winner

ACWX

+4.87%

SUB

+1.58%

ACWX vs SUB - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	ACWX	SUB
2026	+9.63%	+0.41%
2025	+32.87%	+3.55%
2024	+6.49%	+2.26%
2023	+14.91%	+2.83%
2022	-16.52%	-2.02%
2021	+7.12%	+0.17%
2020	+8.96%	+2.58%
2019	+21.47%	+3.00%
2018	-14.92%	+1.88%
2017	+26.53%	+0.83%
2016	+6.58%	+0.01%
2015	-5.23%	+0.71%
2014	-3.19%	+0.54%
2013	+12.70%	+0.77%
2012	+14.30%	+0.41%
2011	-14.76%	+3.85%
2010	+7.35%	+0.55%
2009	+34.23%	+4.28%
2008	-38.62%	+1.68%

ACWX vs SUB Drawdown Comparison

The maximum drawdown for ACWX was -60.39%, occurring on Mar 9, 2009. Recovery took 1532 trading sessions.

The maximum drawdown for SUB was -9.46%, occurring on Mar 19, 2020. Recovery took 51 trading sessions.

The current ACWX drawdown is -1.71%. The current SUB drawdown is -0.46%.

Rank	ACWX	SUB
#1	-60.39% May 19, 2008 - Jun 19, 2014	-9.46% Mar 6, 2020 - May 19, 2020
#2	-35.38% Jan 26, 2018 - Nov 16, 2020	-6.40% Jan 16, 2009 - Sep 12, 2011
#3	-30.03% Jun 14, 2021 - May 15, 2024	-4.92% Jan 13, 2009 - Jan 16, 2009
#4	-25.97% Jul 3, 2014 - May 16, 2017	-4.35% Jul 22, 2021 - Dec 13, 2023
#5	-13.84% Mar 19, 2025 - May 2, 2025	-2.43% Mar 1, 2013 - Oct 24, 2013
#6	-11.42% Feb 25, 2026 - May 6, 2026	-1.71% Aug 24, 2016 - May 23, 2017
#7	-9.83% Sep 26, 2024 - Mar 17, 2025	-1.46% Jan 17, 2012 - Mar 1, 2013
#8	-7.98% Jul 12, 2024 - Aug 23, 2024	-1.25% Sep 7, 2017 - Nov 29, 2018
#9	-5.01% Nov 12, 2025 - Dec 11, 2025	-1.23% Apr 4, 2025 - May 29, 2025
#10	-4.96% Feb 16, 2021 - Apr 16, 2021	-0.92% Oct 2, 2024 - Jan 27, 2025
#11	-4.63% Jan 21, 2021 - Feb 9, 2021	-0.87% Jan 30, 2015 - Oct 2, 2015
#12	-4.17% Jul 23, 2025 - Aug 13, 2025	-0.80% Feb 23, 2026 - Mar 24, 2026
#13	-3.83% Aug 23, 2024 - Sep 19, 2024	-0.77% Aug 15, 2019 - Nov 27, 2019
#14	-3.78% May 7, 2021 - May 26, 2021	-0.75% Sep 12, 2011 - Dec 2, 2011
#15	-3.60% Oct 6, 2025 - Oct 20, 2025	-0.68% Dec 27, 2023 - May 8, 2024

Correlation

Correlation between ACWX and SUB is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.

0.95

-101

Dividend Comparison (2008 - 2026)

ACWX vs SUB dividend yield comparison.

Year	ACWX	SUB
2026	0.00%	0.85%
2025	2.82%	2.42%
2024	2.97%	2.10%
2023	2.96%	1.73%
2022	2.68%	0.86%
2021	2.73%	0.72%
2020	1.88%	1.23%
2019	3.22%	1.58%
2018	2.60%	1.32%
2017	2.40%	0.95%
2016	2.77%	0.75%
2015	2.51%	0.77%
2014	3.18%	0.76%
2013	2.69%	0.84%
2012	2.61%	0.99%
2011	3.07%	1.27%
2010	2.28%	1.28%
2009	2.02%	1.44%
2008	0.46%	0.33%