Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
ACWI vs EMXC: how they differ
ACWI and EMXC hold 9% of their weight in the same names, and EMXC returned more over the year.
iShares MSCI ACWI ETF and iShares MSCI Emerging Markets ex China ETF.
What they hold in common
By the books each fund has filed, ACWI and EMXC hold 9% of their money in the same securities at the same weight.
| Holding | ACWI | EMXC |
|---|---|---|
| Taiwan Semiconductor Manufacturing Compa | 1.73% | 17.97% |
| SK hynix Inc. | 0.49% | 8.37% |
| DELTA ELECTRONICS, INC. | 0.14% | 1.47% |
| MediaTek Inc. | 0.13% | 2.04% |
| Samsung Electronics Co., Ltd. | 0.09% | 1.07% |
| HDFC BANK LIMITED | 0.09% | 0.88% |
| RELIANCE INDUSTRIES LIMITED | 0.09% | 0.83% |
| HON HAI PRECISION INDUSTRY CO., LTD. | 0.09% | 1.13% |
| ICICI BANK LIMITED | 0.07% | 0.69% |
| VALE S.A. | 0.06% | 0.58% |
| SK Square Co., Ltd. | 0.06% | 0.75% |
| AL RAJHI BANKING AND INVESTMENT CORPORAT | 0.05% | 0.52% |
| Only in ACWI | Only in EMXC |
|---|---|
| NVIDIA CORPORATION 4.89% | Fibra Uno Administracion S.C. 0.05% |
| APPLE INC. 4.02% | KRUNG THAI BANK PUBLIC COMPANY LIMITED 0.04% |
| MICROSOFT CORPORATION 2.90% | Grupo Aeroportuario del Centro Norte, S. 0.04% |
| AMAZON.COM, INC. 2.58% | KASIKORNBANK PUBLIC COMPANY LIMITED 0.04% |
| ALPHABET INC. 2.26% | Plaza S.A. 0.03% |
| BROADCOM INC. 1.90% | SCB X PUBLIC COMPANY LIMITED 0.03% |
| ALPHABET INC. 1.87% | Bumrungrad Hospital Public Company Limit 0.03% |
| META PLATFORMS, INC. 1.34% | Promotora y Operadora de Infraestructura 0.03% |
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 May 31, 2026.
| ACWI iShares MSCI ACWI ETF | EMXC iShares MSCI Emerging Markets ex China ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | MSCI ACWI | MSCI Emerging Markets ex China |
| Total return, 1 year | +19.1% | +55.5% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +1.6 pts | +38.0 pts |
| Expense ratio | 0.32% | 0.25% |
| Already in the S&P 500 | 61.4% | 0.0% |
| Holdings | 2307 | 662 |
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%.
EMXC in plain words
EMXC is an index equity fund tracking the MSCI Emerging Markets ex China. Over the year to Sep 11, 2026 it returned +55.5% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.25% a year. By its holdings filed for May 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 662 positions, with the top ten at 44.3%. It sat 5.5% below its high of Jun 22, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, ACWI or EMXC?
- In the year to Sep 12, 2026, with distributions reinvested, ACWI returned +19.1% and EMXC returned +55.5%, so EMXC returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, ACWI or EMXC?
- ACWI charges 0.32% a year and EMXC charges 0.25%, so EMXC is cheaper. Fees come from each fund's prospectus.
- How much do ACWI and EMXC overlap with the S&P 500?
- By their latest filed holdings, 61% of ACWI and 0% of EMXC by weight is stocks the S&P 500 already holds. Between the two funds, 9% of their books are the same securities at the same weight.
Other comparisons
Where to next
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 EMXC, data as of Sep 12, 2026. https://etfiq.com/compare/any/ACWI-EMXC Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources