ACWI vs AOD: Correlation
Measured on weekly returns over the past three years, iShares MSCI ACWI ETF (ACWI) and abrdn Total Dynamic Dividend Fund (AOD) carry a correlation of 0.84, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACWI and AOD?
Across a 3-year window, the weekly returns of ACWI and AOD correlate at 0.84, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.81) sits close to the 3-year figure. Stretching to 5 years gives 0.88, with an annualized covariance of 177.2 %².
Among the 119 assets we track against ACWI, AOD ranks #30 by 3-year correlation. Over the last 12 months AOD came out ahead by 9.1 percentage points (+22.7% against +31.8%).
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 AOD: side by side
| ACWI (iShares MSCI ACWI ETF) | AOD (abrdn Total Dynamic Dividend Fund) | |
|---|---|---|
| 1-year return | +22.7% | +31.8% |
| 5-year return | +69.0% | +70.1% |
| Volatility (ann.) | 13.8% | 15.4% |
| Beta vs S&P 500 | 0.92 | 0.81 |
| Max drawdown (3Y) | -16.5% | -16.7% |
| Market cap | – | $1.1B |
| P/E (trailing) | – | 4.1 |
| Dividend yield | 1.44% | 5.46% |
| Expense ratio | 0.32% | – |
| Assets under management | $32.5B | – |
| Sector / category | ETF · Global | US Listed |
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 | AOD |
|---|---|---|
| 2022 | -18.4% | -17.1% |
| 2023 | +22.3% | +12.7% |
| 2024 | +17.4% | +16.1% |
| 2025 | +22.4% | +32.1% |
| 2026 | +14.9% | +18.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACWI and AOD good diversifiers for each other?
No: a correlation of 0.84 means ACWI and AOD tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between ACWI and AOD?
The ACWI/AOD correlation stands at 0.84 on a 3-year window (1 year: 0.81, 5 years: 0.88), computed from weekly returns as of 2026-08-27.
Is AOD a good diversifier for ACWI?
No: a correlation of 0.84 means ACWI and AOD tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.84 mean?
A reading of 0.84 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-aod.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acwi-vs-aod/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACWI correlations · AOD correlations
