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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 only 24.8% Shared 74.7% CWI only 24.4%
In ACWX only
682 positions
Shared
1,046 positions
In CWI only
62 positions

Side by side

ACWX

iShares MSCI ACWI ex U.S. ETF

iShares · International Total

82 composite / 100
Expense ratio
0.32%
Net assets
$11.62B
TTM yield
2.52%
Top-10 conc.
14.6%
CWI

State Street SPDR MSCI ACWI ex-US ETF

State Street · International Total

76 composite / 100
Expense ratio
0.30%
Net assets
$2.78B
TTM yield
2.71%
Top-10 conc.
16.3%

Sub-score comparison

68
Cost
70
78
Tax efficiency
78
100
Liquidity
76
93
Concentration
91
—
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. 1.54% 1.57% 1.54%
2 Tencent Holdings Limited 1.07% 1.13% 1.07%
3 SK hynix Inc. 1.33% 0.86% 0.86%
4 HSBC HOLDINGS PLC 0.86% 0.93% 0.86%
5 ASTRAZENECA PLC 0.80% 0.89% 0.80%
6 Roche Holding AG 0.78% 0.88% 0.78%
7 Novartis AG 0.76% 0.89% 0.76%
8 Alibaba Group Holding Limited 0.79% 0.75% 0.75%
9 Nestle S.A. 0.71% 0.80% 0.71%
10 SHELL PLC 0.71% 0.95% 0.71%
11 ROYAL BANK OF CANADA 0.69% 0.83% 0.69%
12 Siemens Aktiengesellschaft 0.62% 0.58% 0.58%

Only in ACWX

682 total
  • Taiwan Semiconductor Manufacturing Company Limited 4.67%
  • Samsung Electronics Co., Ltd. 1.95%
  • HON HAI PRECISION INDUSTRY CO., LTD. 0.25%
  • RELIANCE INDUSTRIES LIMITED 0.25%
  • ICICI BANK LIMITED 0.19%
  • Itau Unibanco Holding S.A. 0.13%
  • Kioxia Holdings Corporation 0.13%
  • Petroleo Brasileiro S.A. (Petrobras) 0.12%
  • INFOSYS LIMITED 0.11%
  • Petroleo Brasileiro S.A. (Petrobras) 0.11%

Only in CWI

62 total
  • Taiwan Semiconductor Manufacturing Co Ltd 4.13%
  • Samsung Electronics Co Ltd 1.73%
  • Reliance Industries Ltd 0.29%
  • Hon Hai Precision Industry Co Ltd 0.24%
  • Petroleo Brasileiro SA - Petrobras 0.23%
  • ICICI Bank Ltd 0.19%
  • Itau Unibanco Holding SA 0.19%
  • Vale SA 0.17%
  • Infosys Ltd 0.16%
  • Delta Electronics Thailand PCL 0.10%

Open ACWX or CWI at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

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.