Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
ACWI vs CGBL: how they differ
ACWI and CGBL hold 20% of their weight in the same names, and ACWI returned more over the year.
iShares MSCI ACWI ETF and Capital Group Core Balanced ETF.
What they hold in common
By the books each fund has filed, ACWI and CGBL hold 20% of their money in the same securities at the same weight.
| Holding | ACWI | CGBL |
|---|---|---|
| APPLE INC. | 4.02% | 2.00% |
| MICROSOFT CORPORATION | 2.90% | 1.96% |
| BROADCOM INC. | 1.90% | 4.57% |
| ALPHABET INC. | 1.87% | 2.78% |
| NVIDIA CORPORATION | 4.89% | 1.19% |
| META PLATFORMS, INC. | 1.34% | 1.10% |
| AMAZON.COM, INC. | 2.58% | 0.81% |
| ELI LILLY AND COMPANY | 0.76% | 0.73% |
| MICRON TECHNOLOGY, INC. | 0.59% | 2.23% |
| VISA INC. | 0.56% | 0.92% |
| INTEL CORPORATION | 0.43% | 0.91% |
| MASTERCARD INCORPORATED | 0.43% | 0.51% |
| Only in ACWI | Only in CGBL |
|---|---|
| ALPHABET INC. 2.26% | Capital Group Core Plus Income ETF 23.22% |
| Taiwan Semiconductor Manufacturing Compa 1.73% | Capital Group Core Bond ETF 15.60% |
| TESLA, INC. 1.09% | Taiwan Semiconductor Manufacturing Co Lt 3.48% |
| BERKSHIRE HATHAWAY INC. 0.66% | ATI Inc 1.23% |
| EXXON MOBIL CORPORATION 0.66% | Royal Gold Inc 0.96% |
| ADVANCED MICRO DEVICES, INC. 0.58% | Capital Group Central Cash Fund 0.85% |
| WALMART INC. 0.58% | Aon PLC 0.84% |
| ASML Holding N.V. 0.56% | ASML Holding NV 0.62% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Jun 30, 2026.
| ACWI iShares MSCI ACWI ETF | CGBL Capital Group Core Balanced ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Capital |
| What it is | MSCI ACWI | Core Balanced |
| Total return, 1 year | +19.1% | +9.9% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +1.6 pts | −7.6 pts |
| Expense ratio | 0.32% | 0.33% |
| Already in the S&P 500 | 61.4% | 48.1% |
| Holdings | 2307 | 77 |
ACWI in plain words
ACWI is an index equity fund tracking the MSCI ACWI. Over the year to Sep 11, 2026 it returned +19.1% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.32% a year. By its holdings filed for Apr 30, 2026, 61% of the fund by weight is stocks the S&P 500 also holds, across 2307 positions, with the top ten at 24.6%.
CGBL in plain words
CGBL is an index equity fund tracking the Core Balanced. Over the year to Sep 11, 2026 it returned +9.9% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.33% a year. By its holdings filed for Jun 30, 2026, 48% of the fund by weight is stocks the S&P 500 also holds, across 77 positions, with the top ten at 59.2%.
Questions people ask
- Which returned more over the last year, ACWI or CGBL?
- In the year to Sep 12, 2026, with distributions reinvested, ACWI returned +19.1% and CGBL returned +9.9%, so ACWI returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, ACWI or CGBL?
- ACWI charges 0.32% a year and CGBL charges 0.33%, so ACWI is cheaper. Fees come from each fund's prospectus.
- How much do ACWI and CGBL overlap with the S&P 500?
- By their latest filed holdings, 61% of ACWI and 48% of CGBL by weight is stocks the S&P 500 already holds. Between the two funds, 20% of their books are the same securities at the same weight.
Other comparisons
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, ACWI against CGBL, data as of Sep 12, 2026. https://etfiq.com/compare/any/ACWI-CGBL Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources