ACWI vs LGI: Correlation
iShares MSCI ACWI ETF (ACWI) and Lazard Global Total Return and Income Fund (LGI) show a very strong relationship: their 3-year correlation of weekly returns is 0.81.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACWI and LGI?
On 3 years of weekly data the ACWI/LGI correlation comes out at 0.81, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.79) sits close to the 3-year figure. The 5-year figure is 0.85, and annualized covariance runs at 203.0 %².
Within ACWI's tracked universe of 119 assets, LGI comes in at #43 by 3-year correlation. The trailing year gives ACWI the advantage: +22.7% versus +15.3%, a 7.4-point spread.
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 LGI: side by side
| ACWI (iShares MSCI ACWI ETF) | LGI (Lazard Global Total Return and Income Fund) | |
|---|---|---|
| 1-year return | +22.7% | +15.3% |
| 5-year return | +69.0% | +38.1% |
| Volatility (ann.) | 13.8% | 18.2% |
| Beta vs S&P 500 | 0.92 | 0.97 |
| Max drawdown (3Y) | -16.5% | -22.0% |
| Market cap | – | – |
| P/E (trailing) | – | 7.2 |
| Dividend yield | 1.44% | 9.55% |
| Expense ratio | 0.32% | – |
| Assets under management | $32.5B | – |
| Sector / category | ETF · Global | US Listed |
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 | LGI |
|---|---|---|
| 2022 | -18.4% | -20.6% |
| 2023 | +22.3% | +12.8% |
| 2024 | +17.4% | +14.4% |
| 2025 | +22.4% | +21.3% |
| 2026 | +14.9% | +13.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACWI and LGI good diversifiers for each other?
No. With a correlation of 0.81, ACWI and LGI move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between ACWI and LGI?
The ACWI/LGI correlation stands at 0.81 on a 3-year window (1 year: 0.79, 5 years: 0.85), computed from weekly returns as of 2026-08-27.
Is LGI a good diversifier for ACWI?
No. With a correlation of 0.81, ACWI and LGI move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.81 mean?
On the −1 to +1 scale, 0.81 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-lgi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acwi-vs-lgi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACWI correlations · LGI correlations
