ACWI vs QCOM: Correlation
How closely do iShares MSCI ACWI ETF (ACWI) and Qualcomm (QCOM) trade together? Their weekly returns over three years give a correlation of 0.61, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACWI and QCOM?
Across a 3-year window, the weekly returns of ACWI and QCOM correlate at 0.61, strong. Recent behaviour matches the longer record: 0.53 over 1 year against 0.61 over 3. Stretching to 5 years gives 0.61, with an annualized covariance of 358.5 %².
Among the 119 assets we track against ACWI, QCOM ranks #71 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ACWI outperformed by 17.4 percentage points (+22.7% for ACWI against +5.3% for QCOM). On a rolling one-year basis the correlation drifted between 0.48 and 0.83, a moderate band. One caveat on sizing: QCOM is 3.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 QCOM: side by side
| ACWI (iShares MSCI ACWI ETF) | QCOM (Qualcomm) | |
|---|---|---|
| 1-year return | +22.7% | +5.3% |
| 5-year return | +69.0% | +25.8% |
| Volatility (ann.) | 13.8% | 42.4% |
| Beta vs S&P 500 | 0.92 | 1.77 |
| Max drawdown (3Y) | -16.5% | -44.2% |
| Market cap | – | $176.0B |
| P/E (trailing) | – | 18.9 |
| Dividend yield | 1.44% | 2.19% |
| Expense ratio | 0.32% | – |
| Assets under management | $32.5B | – |
| Sector / category | ETF · Global | Information Technology |
ACWI, iShares's Global Large-Stock Blend fund, carries $32.5B under management, 1590 holdings, a 0.32% expense ratio, a 1.44% trailing dividend yield.
Year-by-year returns
| Year | ACWI | QCOM |
|---|---|---|
| 2022 | -18.4% | -38.6% |
| 2023 | +22.3% | +35.1% |
| 2024 | +17.4% | +8.3% |
| 2025 | +22.4% | +13.8% |
| 2026 | +14.9% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
QCOM represents 0.17% of ACWI's portfolio, so part of any move in ACWI is QCOM itself, and the correlation between them is partly mechanical.
Are ACWI and QCOM good diversifiers for each other?
Only partially. A correlation of 0.61 means ACWI and QCOM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ACWI and QCOM?
As of 2026-08-27, the correlation of weekly returns between ACWI and QCOM is 0.61 over 3 years, 0.53 over 1 year and 0.61 over 5 years.
Is QCOM a good diversifier for ACWI?
Only partially. A correlation of 0.61 means ACWI and QCOM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 mean?
A reading of 0.61 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-qcom.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/acwi-vs-qcom/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACWI correlations · QCOM correlations
