Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
ACWI vs FXI: how they differ
ACWI and FXI hold 2% of their weight in the same names, and ACWI returned more over the year.
iShares MSCI ACWI ETF and iShares China Large-Cap ETF.
What they hold in common
By the books each fund has filed, ACWI and FXI hold 2% of their money in the same securities at the same weight.
| Holding | ACWI | FXI |
|---|---|---|
| Tencent Holdings Limited | 0.39% | 7.72% |
| Alibaba Group Holding Limited | 0.29% | 8.66% |
| XIAOMI CORPORATION | 0.07% | 5.41% |
| MEITUAN | 0.06% | 4.79% |
| BYD COMPANY LIMITED | 0.05% | 4.09% |
| NETEASE, INC. | 0.04% | 3.56% |
| JD.COM, INC. | 0.04% | 3.00% |
| BAIDU, INC. | 0.04% | 2.83% |
| TRIP.COM GROUP LIMITED | 0.03% | 2.69% |
| PetroChina Company Limited | 0.03% | 2.69% |
| China Life Insurance Company Limited | 0.03% | 2.30% |
| Zijin Mining Group Company Limited | 0.03% | 2.32% |
| Only in ACWI | Only in FXI |
|---|---|
| NVIDIA CORPORATION 4.89% | Jiangsu Hengrui Pharmaceuticals Co.,Ltd 0.14% |
| APPLE INC. 4.02% | |
| MICROSOFT CORPORATION 2.90% | |
| AMAZON.COM, INC. 2.58% | |
| ALPHABET INC. 2.26% | |
| BROADCOM INC. 1.90% | |
| ALPHABET INC. 1.87% | |
| Taiwan Semiconductor Manufacturing Compa 1.73% |
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.
| ACWI iShares MSCI ACWI ETF | FXI iShares China Large-Cap ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | MSCI ACWI | China Large-Cap |
| Total return, 1 year | +19.1% | −13.8% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +1.6 pts | −31.3 pts |
| Expense ratio | 0.32% | 0.73% |
| Already in the S&P 500 | 61.4% | 0.0% |
| Holdings | 2307 | 52 |
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%.
FXI in plain words
FXI is an index equity fund tracking the China Large-Cap. Over the year to Sep 11, 2026 it returned −13.8% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.73% a year. By its holdings filed for Apr 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 52 positions, with the top ten at 56.6%. It sat 28.5% below its high of Feb 17, 2021 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, ACWI or FXI?
- In the year to Sep 12, 2026, with distributions reinvested, ACWI returned +19.1% and FXI returned −13.8%, so ACWI returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, ACWI or FXI?
- ACWI charges 0.32% a year and FXI charges 0.73%, so ACWI is cheaper. Fees come from each fund's prospectus.
- How much do ACWI and FXI overlap with the S&P 500?
- By their latest filed holdings, 61% of ACWI and 0% of FXI by weight is stocks the S&P 500 already holds. Between the two funds, 2% 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 FXI, data as of Sep 12, 2026. https://etfiq.com/compare/any/ACWI-FXI Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources