ACWI vs RGT: Correlation
How closely do iShares MSCI ACWI ETF (ACWI) and Royce Global Trust, Inc. (RGT) trade together? Their weekly returns over three years give a correlation of 0.82, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACWI and RGT?
On 3 years of weekly data the ACWI/RGT correlation comes out at 0.82, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.78 lands near the 3-year figure. The 5-year figure is 0.84, and annualized covariance runs at 190.9 %².
Among the 119 assets we track against ACWI, RGT ranks #36 by 3-year correlation. Their 12-month results are close: +22.7% for ACWI against +24.1% for RGT.
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 RGT: side by side
| ACWI (iShares MSCI ACWI ETF) | RGT (Royce Global Trust, Inc.) | |
|---|---|---|
| 1-year return | +22.7% | +24.1% |
| 5-year return | +69.0% | +25.5% |
| Volatility (ann.) | 13.8% | 17.0% |
| Beta vs S&P 500 | 0.92 | 0.91 |
| Max drawdown (3Y) | -16.5% | -19.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 5.4 |
| Dividend yield | 1.44% | 0.00% |
| 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 | RGT |
|---|---|---|
| 2022 | -18.4% | -33.1% |
| 2023 | +22.3% | +14.6% |
| 2024 | +17.4% | +14.4% |
| 2025 | +22.4% | +24.1% |
| 2026 | +14.9% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACWI and RGT good diversifiers for each other?
No. With a correlation of 0.82, ACWI and RGT move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between ACWI and RGT?
As of 2026-08-27, the correlation of weekly returns between ACWI and RGT is 0.82 over 3 years, 0.78 over 1 year and 0.84 over 5 years.
Is RGT a good diversifier for ACWI?
No. With a correlation of 0.82, ACWI and RGT move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.82 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: ACWI correlations · RGT correlations
