ACWI vs ADI: Correlation
How closely do iShares MSCI ACWI ETF (ACWI) and Analog Devices (ADI) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACWI and ADI?
Across a 3-year window, the weekly returns of ACWI and ADI correlate at 0.71, strong. Little has changed lately, as the 1-year reading of 0.69 lands near the 3-year figure. Stretching to 5 years gives 0.71, with an annualized covariance of 319.3 %².
By 3-year correlation, ADI places #57 of the 119 assets tracked against ACWI. Correlation aside, the last 12 months split them widely, with ADI ahead by 25.9 points (+22.7% versus +48.6%). The link looks structural: the rolling one-year correlation barely moved, holding between 0.61 and 0.81. Note the risk asymmetry: ADI runs 2.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ACWI vs ADI: side by side
| ACWI (iShares MSCI ACWI ETF) | ADI (Analog Devices) | |
|---|---|---|
| 1-year return | +22.7% | +48.6% |
| 5-year return | +69.0% | +143.1% |
| Volatility (ann.) | 13.8% | 32.6% |
| Beta vs S&P 500 | 0.92 | 1.56 |
| Max drawdown (3Y) | -16.5% | -32.2% |
| Market cap | – | $181.5B |
| P/E (trailing) | – | 44.6 |
| Dividend yield | 1.44% | 1.15% |
| Expense ratio | 0.32% | – |
| Assets under management | $32.5B | – |
| Sector / category | ETF · Global | Information Technology |
ACWI is a Global Large-Stock Blend fund from iShares: $32.5B under management, 1590 holdings, a 0.32% expense ratio, a 1.44% trailing dividend yield.
Year-by-year returns
| Year | ACWI | ADI |
|---|---|---|
| 2022 | -18.4% | -4.9% |
| 2023 | +22.3% | +23.4% |
| 2024 | +17.4% | +8.8% |
| 2025 | +22.4% | +29.8% |
| 2026 | +14.9% | +38.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
ADI represents 0.17% of ACWI's portfolio, so part of any move in ACWI is ADI itself, and the correlation between them is partly mechanical.
Are ACWI and ADI good diversifiers for each other?
Only partially. A correlation of 0.71 means ACWI and ADI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ACWI and ADI?
As of 2026-08-27, the correlation of weekly returns between ACWI and ADI is 0.71 over 3 years, 0.69 over 1 year and 0.71 over 5 years.
Is ADI a good diversifier for ACWI?
Only partially. A correlation of 0.71 means ACWI and ADI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.71 mean?
On the −1 to +1 scale, 0.71 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acwi-vs-adi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acwi-vs-adi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACWI correlations · ADI correlations
