ACWI vs AME: Correlation
How closely do iShares MSCI ACWI ETF (ACWI) and Ametek (AME) trade together? Their weekly returns over three years give a correlation of 0.61, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACWI and AME?
Across a 3-year window, the weekly returns of ACWI and AME correlate at 0.61, strong. Recent behaviour matches the longer record: 0.56 over 1 year against 0.61 over 3. Stretching to 5 years gives 0.70, with an annualized covariance of 172.1 %².
By 3-year correlation, AME places #69 of the 119 assets tracked against ACWI. On 12-month performance AME holds a 8.7-point edge, +22.7% against +31.4%. Across three years, the rolling one-year figure varied moderately, from 0.42 to 0.75.
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 AME: side by side
| ACWI (iShares MSCI ACWI ETF) | AME (Ametek) | |
|---|---|---|
| 1-year return | +22.7% | +31.4% |
| 5-year return | +69.0% | +83.6% |
| Volatility (ann.) | 13.8% | 20.4% |
| Beta vs S&P 500 | 0.92 | 0.84 |
| Max drawdown (3Y) | -16.5% | -23.0% |
| Market cap | – | $55.9B |
| P/E (trailing) | – | 35.8 |
| Dividend yield | 1.44% | 0.53% |
| Expense ratio | 0.32% | – |
| Assets under management | $32.5B | – |
| Sector / category | ETF · Global | Industrials |
On the fund side, ACWI sits in the Global Large-Stock Blend category at iShares, with $32.5B under management, 1590 holdings, a 0.32% expense ratio, a 1.44% trailing dividend yield.
Year-by-year returns
| Year | ACWI | AME |
|---|---|---|
| 2022 | -18.4% | -4.3% |
| 2023 | +22.3% | +18.8% |
| 2024 | +17.4% | +10.0% |
| 2025 | +22.4% | +14.7% |
| 2026 | +14.9% | +19.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
AME represents 0.05% of ACWI's portfolio, so part of any move in ACWI is AME itself, and the correlation between them is partly mechanical.
Are ACWI and AME good diversifiers for each other?
To a limited degree. At 0.61 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ACWI and AME?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.56 over the last year and 0.70 over 5 years.
Is AME a good diversifier for ACWI?
To a limited degree. At 0.61 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.61 mean?
A reading of 0.61 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acwi-vs-ame.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/acwi-vs-ame/)
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Related comparisons
Hubs: ACWI correlations · AME correlations
