ACWI vs CHPT: Correlation
Measured on weekly returns over the past three years, iShares MSCI ACWI ETF (ACWI) and ChargePoint Holdings, Inc. (CHPT) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACWI and CHPT?
On 3 years of weekly data the ACWI/CHPT correlation comes out at 0.48, moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. The 5-year figure is 0.50, and annualized covariance runs at 508.1 %².
By 3-year correlation, CHPT places #97 of the 119 assets tracked against ACWI. Their recent paths diverged sharply: over the last 12 months ACWI outperformed by 71.8 percentage points (+22.7% for ACWI against -49.1% for CHPT). Note the risk asymmetry: CHPT runs 5.6 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 CHPT: side by side
| ACWI (iShares MSCI ACWI ETF) | CHPT (ChargePoint Holdings, Inc.) | |
|---|---|---|
| 1-year return | +22.7% | -49.1% |
| 5-year return | +69.0% | -98.6% |
| Volatility (ann.) | 13.8% | 76.7% |
| Beta vs S&P 500 | 0.92 | 2.40 |
| Max drawdown (3Y) | -16.5% | -97.0% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 1.44% | 0.00% |
| 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 | CHPT |
|---|---|---|
| 2022 | -18.4% | -50.0% |
| 2023 | +22.3% | -75.4% |
| 2024 | +17.4% | -54.3% |
| 2025 | +22.4% | -69.0% |
| 2026 | +14.9% | -12.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACWI and CHPT good diversifiers for each other?
Reasonably. At 0.48, ACWI and CHPT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ACWI and CHPT?
The ACWI/CHPT correlation stands at 0.48 on a 3-year window (1 year: 0.53, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is CHPT a good diversifier for ACWI?
Reasonably. At 0.48, ACWI and CHPT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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-chpt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acwi-vs-chpt/)
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Related comparisons
Hubs: ACWI correlations · CHPT correlations
