ACWI vs NSIT: Correlation
How closely do iShares MSCI ACWI ETF (ACWI) and Insight Enterprises, Inc. (NSIT) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACWI and NSIT?
On 3 years of weekly data the ACWI/NSIT correlation comes out at 0.53, moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. The 5-year figure is 0.48, and annualized covariance runs at 276.3 %².
Within ACWI's tracked universe of 119 assets, NSIT comes in at #87 by 3-year correlation. Neither side won the trailing year by much: +22.7% against +21.4%. Risk is not evenly split, since NSIT carries 2.8 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 NSIT: side by side
| ACWI (iShares MSCI ACWI ETF) | NSIT (Insight Enterprises, Inc.) | |
|---|---|---|
| 1-year return | +22.7% | +21.4% |
| 5-year return | +69.0% | +51.9% |
| Volatility (ann.) | 13.8% | 38.2% |
| Beta vs S&P 500 | 0.92 | 1.35 |
| Max drawdown (3Y) | -16.5% | -71.4% |
| Market cap | – | $4.6B |
| P/E (trailing) | – | 22.5 |
| 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 | NSIT |
|---|---|---|
| 2022 | -18.4% | -5.9% |
| 2023 | +22.3% | +76.7% |
| 2024 | +17.4% | -14.2% |
| 2025 | +22.4% | -46.4% |
| 2026 | +14.9% | +91.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACWI and NSIT good diversifiers for each other?
To a limited degree. At 0.53 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 NSIT?
The ACWI/NSIT correlation stands at 0.53 on a 3-year window (1 year: 0.46, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is NSIT a good diversifier for ACWI?
To a limited degree. At 0.53 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 0.53 mean?
A reading of 0.53 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-nsit.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acwi-vs-nsit/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ACWI correlations · NSIT correlations
