ACWI vs SNX: Correlation
iShares MSCI ACWI ETF (ACWI) and TD SYNNEX Corporation (SNX) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACWI and SNX?
Across a 3-year window, the weekly returns of ACWI and SNX correlate at 0.55, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Stretching to 5 years gives 0.60, with an annualized covariance of 235.8 %².
Among the 119 assets we track against ACWI, SNX ranks #84 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SNX ahead by 53.5 points (+22.7% versus +76.2%). One caveat on sizing: SNX is 2.3 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 SNX: side by side
| ACWI (iShares MSCI ACWI ETF) | SNX (TD SYNNEX Corporation) | |
|---|---|---|
| 1-year return | +22.7% | +76.2% |
| 5-year return | +69.0% | +114.5% |
| Volatility (ann.) | 13.8% | 31.3% |
| Beta vs S&P 500 | 0.92 | 1.15 |
| Max drawdown (3Y) | -16.5% | -33.8% |
| Market cap | – | – |
| P/E (trailing) | – | 18.6 |
| Dividend yield | 1.44% | 0.74% |
| 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 | SNX |
|---|---|---|
| 2022 | -18.4% | -16.1% |
| 2023 | +22.3% | +15.3% |
| 2024 | +17.4% | +10.5% |
| 2025 | +22.4% | +29.8% |
| 2026 | +14.9% | +74.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACWI and SNX good diversifiers for each other?
To a limited degree. At 0.55 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 SNX?
The ACWI/SNX correlation stands at 0.55 on a 3-year window (1 year: 0.48, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is SNX a good diversifier for ACWI?
To a limited degree. At 0.55 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 0.55 mean?
A reading of 0.55 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-snx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/acwi-vs-snx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACWI correlations · SNX correlations
