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ETF comparison

CWI vs VWO

International Total vs International Emerging.

State Street SPDR MSCI ACWI ex-US ETF · Vanguard FTSE Emerging Markets Index Fund ETF Shares

Holdings overlap

Weighted by ISIN/CUSIP
15.4 %

474 positions appear in both funds. Buying equal dollars of CWI and VWO would leave roughly 15.4% of each dollar exposed to the same underlying securities.

CWI unmatched 83.7% Shared 15.4% VWO unmatched 80.0%

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 CWI only
658 positions
Shared
474 positions
In VWO only
4,506 positions

Side by side

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%
VWO

Vanguard FTSE Emerging Markets Index Fund ETF Shares

Vanguard · International Emerging

89 composite / 100
Expense ratio
0.060%
Net assets
$164.66B
whole fund, 5 share classes
TTM yield
2.14%
Top-10 conc.
27.4%

Sub-score comparison

70
Cost
94
77
Tax efficiency
76
76
Liquidity
100
88
Concentration
75
—
Tracking quality
—
CWI sub-score VWO

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

Cost difference

VWO is 24 bps cheaper than CWI. On a $100,000 position that's about $240/yr more in fees for CWI.

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 CWI vs VWO.

Top shared holdings

474 shared in total
# Holding In CWI In VWO Overlap
1 Tencent Holdings Ltd 0.89% 3.31% 0.89%
2 Alibaba Group Holding Ltd 0.52% 2.41% 0.52%
3 MediaTek Inc 0.49% 1.36% 0.49%
4 Delta Electronics Inc 0.45% 0.82% 0.45%
5 China Construction Bank Corp 0.23% 0.90% 0.23%
6 HDFC Bank Ltd 0.23% 0.78% 0.23%
7 ASE Technology Holding Co Ltd 0.19% 0.49% 0.19%
8 Yageo Corp 0.18% 0.20% 0.18%
9 Accton Technology Corp 0.15% 0.28% 0.15%
10 OTP Bank Nyrt 0.14% 0.29% 0.14%
11 PDD Holdings Inc 0.14% 0.59% 0.14%
12 Industrial & Commercial Bank of China Ltd 0.14% 0.66% 0.14%

Only in CWI

658 total
  • Samsung Electronics Co Ltd 2.90%
  • SK hynix Inc 2.56%
  • ASML Holding NV 2.12%
  • HSBC Holdings PLC 0.95%
  • Royal Bank of Canada 0.90%
  • Roche Holding AG 0.82%
  • Novartis AG 0.79%
  • AstraZeneca PLC 0.76%
  • Nestle SA 0.72%
  • Siemens AG 0.69%

Only in VWO

4,506 total
  • Taiwan Semiconductor Manufacturing Co Ltd 15.56%
  • Hon Hai Precision Industry Co Ltd 0.81%
  • Reliance Industries Ltd 0.80%
  • ICICI Bank Ltd 0.69%
  • Infosys Ltd 0.35%
  • Itau Unibanco Holding SA 0.35%
  • Petroleo Brasileiro SA 0.33%
  • United Microelectronics Corp 0.31%
  • Petroleo Brasileiro SA 0.31%
  • Mahindra & Mahindra Ltd 0.29%

Percentages are holdings overlap with the named fund.

Open CWI or VWO 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.