ACWI vs DIS: Correlation
How closely do iShares MSCI ACWI ETF (ACWI) and Walt Disney Company (The) (DIS) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACWI and DIS?
Over the past 3 years, ACWI and DIS moved with a correlation of 0.49, which is moderate. The past 12 months show a tighter link (0.60) than the 3-year average (0.49). Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 185.8 %².
Within ACWI's tracked universe of 119 assets, DIS comes in at #95 by 3-year correlation. The last year tells two different stories: ACWI led by 30.9 percentage points, +22.7% for ACWI against -8.2% for DIS. The relationship is regime-dependent: the rolling one-year correlation swung between 0.11 and 0.70 over the past three years, so this pair behaves very differently depending on the market environment. Risk is not evenly split, since DIS carries 2.0 times the volatility of the other side.
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 DIS: side by side
| ACWI (iShares MSCI ACWI ETF) | DIS (Walt Disney Company (The)) | |
|---|---|---|
| 1-year return | +22.7% | -8.2% |
| 5-year return | +69.0% | -38.8% |
| Volatility (ann.) | 13.8% | 27.7% |
| Beta vs S&P 500 | 0.92 | 0.96 |
| Max drawdown (3Y) | -16.5% | -32.9% |
| Market cap | – | $184.4B |
| P/E (trailing) | – | 22.6 |
| Dividend yield | 1.44% | 1.37% |
| Expense ratio | 0.32% | – |
| Assets under management | $32.5B | – |
| Sector / category | ETF · Global | Communication Services |
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 | DIS |
|---|---|---|
| 2022 | -18.4% | -43.9% |
| 2023 | +22.3% | +4.3% |
| 2024 | +17.4% | +24.4% |
| 2025 | +22.4% | +3.3% |
| 2026 | +14.9% | -5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
DIS represents 0.18% of ACWI's portfolio, so part of any move in ACWI is DIS itself, and the correlation between them is partly mechanical.
Are ACWI and DIS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ACWI and DIS?
The ACWI/DIS correlation stands at 0.49 on a 3-year window (1 year: 0.60, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is DIS a good diversifier for ACWI?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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-dis.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acwi-vs-dis/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ACWI correlations · DIS correlations
