ACWI vs UBER: Correlation
Measured on weekly returns over the past three years, iShares MSCI ACWI ETF (ACWI) and Uber (UBER) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACWI and UBER?
Over the past 3 years, ACWI and UBER moved with a correlation of 0.52, which is moderate. The link has loosened recently: the 1-year correlation (0.40) runs below the 3-year figure (0.52). Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 263.5 %².
Among the 119 assets we track against ACWI, UBER ranks #91 by 3-year correlation. The last year tells two different stories: ACWI led by 42.0 percentage points, +22.7% for ACWI against -19.3% for UBER. The rolling one-year correlation moved between 0.33 and 0.74 over the past three years, a moderate range. Risk is not evenly split, since UBER carries 2.7 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 UBER: side by side
| ACWI (iShares MSCI ACWI ETF) | UBER (Uber) | |
|---|---|---|
| 1-year return | +22.7% | -19.3% |
| 5-year return | +69.0% | +94.4% |
| Volatility (ann.) | 13.8% | 36.7% |
| Beta vs S&P 500 | 0.92 | 1.34 |
| Max drawdown (3Y) | -16.5% | -34.1% |
| Market cap | – | $157.2B |
| P/E (trailing) | – | 17.2 |
| Dividend yield | 1.44% | 0.00% |
| Expense ratio | 0.32% | – |
| Assets under management | $32.5B | – |
| Sector / category | ETF · Global | Industrials |
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 | UBER |
|---|---|---|
| 2022 | -18.4% | -41.0% |
| 2023 | +22.3% | +149.0% |
| 2024 | +17.4% | -2.0% |
| 2025 | +22.4% | +35.5% |
| 2026 | +14.9% | -5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that ACWI holds UBER at a 0.13% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are ACWI and UBER good diversifiers for each other?
Only partially. A correlation of 0.52 means ACWI and UBER 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 UBER?
As of 2026-08-27, the correlation of weekly returns between ACWI and UBER is 0.52 over 3 years, 0.40 over 1 year and 0.49 over 5 years.
Is UBER a good diversifier for ACWI?
Only partially. A correlation of 0.52 means ACWI and UBER share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acwi-vs-uber.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acwi-vs-uber/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACWI correlations · UBER correlations
