ACWI vs UBS: Correlation
How closely do iShares MSCI ACWI ETF (ACWI) and UBS Group AG Registered (UBS) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACWI and UBS?
On 3 years of weekly data the ACWI/UBS correlation comes out at 0.70, strong. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. The 5-year figure is 0.70, and annualized covariance runs at 270.3 %².
Among the 119 assets we track against ACWI, UBS ranks #61 by 3-year correlation. The last year tells two different stories: UBS led by 16.2 percentage points, +22.7% for ACWI against +38.9% for UBS. One caveat on sizing: UBS is 2.0 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 UBS: side by side
| ACWI (iShares MSCI ACWI ETF) | UBS (UBS Group AG Registered) | |
|---|---|---|
| 1-year return | +22.7% | +38.9% |
| 5-year return | +69.0% | +273.9% |
| Volatility (ann.) | 13.8% | 27.9% |
| Beta vs S&P 500 | 0.92 | 1.28 |
| Max drawdown (3Y) | -16.5% | -27.0% |
| Market cap | – | $166.4B |
| P/E (trailing) | – | 18.6 |
| Dividend yield | 1.44% | 2.02% |
| 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 | UBS |
|---|---|---|
| 2022 | -18.4% | +7.4% |
| 2023 | +22.3% | +69.9% |
| 2024 | +17.4% | +0.7% |
| 2025 | +22.4% | +57.7% |
| 2026 | +14.9% | +20.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACWI and UBS good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ACWI and UBS?
Using weekly returns as of 2026-08-27: 0.70 over 3 years, with 0.61 over the last year and 0.70 over 5 years.
Is UBS a good diversifier for ACWI?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 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-ubs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acwi-vs-ubs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACWI correlations · UBS correlations
