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ETF comparison

ACWX vs CWI

Both International Total.

iShares MSCI ACWI ex U.S. ETF · State Street SPDR MSCI ACWI ex-US ETF

Holdings overlap

Weighted by ISIN/CUSIP
74.7 %

1,046 positions appear in both funds. Buying equal dollars of ACWX and CWI would leave roughly 74.7% of each dollar exposed to the same underlying securities.

ACWX unmatched 25.0% Shared 74.7% CWI unmatched 24.4%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In ACWX only
823 positions
Shared
1,046 positions
In CWI only
86 positions

Side by side

ACWX

iShares MSCI ACWI ex U.S. ETF

iShares · International Total

82 composite / 100
Expense ratio
0.32%
Net assets
$17.31B
TTM yield
2.59%
Top-10 conc.
15.7%
CWI

State Street SPDR MSCI ACWI ex-US ETF

State Street · International Total

76 composite / 100
Expense ratio
0.30%
Net assets
$2.85B
TTM yield
2.79%
Top-10 conc.
18.1%

Sub-score comparison

68
Cost
70
78
Tax efficiency
77
100
Liquidity
76
92
Concentration
88
—
Tracking quality
—
ACWX sub-score CWI

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

CWI is 2 bps cheaper than ACWX. On a $100,000 position that's about $20/yr more in fees for ACWX.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with ACWX vs CWI.

Top shared holdings

1,046 shared in total
# Holding In ACWX In CWI Overlap
1 ASML Holding N.V. 1.73% 2.12% 1.73%
2 SK hynix Inc. 1.70% 2.56% 1.70%
3 HSBC HOLDINGS PLC 0.98% 0.95% 0.95%
4 Tencent Holdings Limited 1.02% 0.89% 0.89%
5 Roche Holding AG 0.83% 0.82% 0.82%
6 ROYAL BANK OF CANADA 0.79% 0.90% 0.79%
7 Novartis AG 0.77% 0.79% 0.77%
8 ASTRAZENECA PLC 0.70% 0.76% 0.70%
9 Nestle S.A. 0.70% 0.72% 0.70%
10 Siemens Aktiengesellschaft 0.66% 0.69% 0.66%
11 Mitsubishi UFJ Financial Group, Inc. 0.65% 0.61% 0.61%
12 SHELL PLC 0.69% 0.60% 0.60%

Only in ACWX

823 total
  • Taiwan Semiconductor Manufacturing Company Limited 4.93%
  • Samsung Electronics Co., Ltd. 2.20%
  • HON HAI PRECISION INDUSTRY CO., LTD. 0.25%
  • RELIANCE INDUSTRIES LIMITED 0.22%
  • ICICI BANK LIMITED 0.22%
  • Itau Unibanco Holding S.A. 0.13%
  • United Microelectronics Corporation 0.11%
  • Petroleo Brasileiro S.A. (Petrobras) 0.10%
  • INFOSYS LIMITED 0.10%
  • Petroleo Brasileiro S.A. (Petrobras) 0.10%

Only in CWI

86 total
  • Taiwan Semiconductor Manufacturing Co Ltd 5.38%
  • Samsung Electronics Co Ltd 2.90%
  • Hon Hai Precision Industry Co Ltd 0.30%
  • Reliance Industries Ltd 0.25%
  • United Microelectronics Corp 0.24%
  • ICICI Bank Ltd 0.19%
  • Itau Unibanco Holding SA 0.16%
  • Petroleo Brasileiro SA - Petrobras 0.16%
  • Vale SA 0.14%
  • Delta Electronics Thailand PCL 0.11%

Percentages are holdings overlap with the named fund.

Open ACWX or CWI at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.