Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
ACWI vs IEFA: how they differ
ACWI and IEFA hold 22% of their weight in the same names, and ACWI returned more over the year.
iShares MSCI ACWI ETF and iShares Core MSCI EAFE ETF.
What they hold in common
By the books each fund has filed, ACWI and IEFA hold 22% of their money in the same securities at the same weight.
| Holding | ACWI | IEFA |
|---|---|---|
| ASML Holding N.V. | 0.56% | 2.23% |
| HSBC HOLDINGS PLC | 0.32% | 1.25% |
| ASTRAZENECA PLC | 0.29% | 1.17% |
| Novartis AG | 0.28% | 1.11% |
| SHELL PLC | 0.27% | 1.03% |
| Nestle S.A. | 0.26% | 1.03% |
| Siemens Aktiengesellschaft | 0.23% | 0.90% |
| COMMONWEALTH BANK OF AUSTRALIA | 0.21% | 0.84% |
| Mitsubishi UFJ Financial Group, Inc. | 0.21% | 0.80% |
| BHP GROUP LIMITED | 0.20% | 0.80% |
| TOTALENERGIES SE | 0.19% | 0.73% |
| TOYOTA MOTOR CORPORATION | 0.18% | 0.72% |
| Only in ACWI | Only in IEFA |
|---|---|
| NVIDIA CORPORATION 4.89% | Furukawa Electric Co., Ltd. 0.07% |
| APPLE INC. 4.02% | Resonac Holdings Corporation 0.06% |
| MICROSOFT CORPORATION 2.90% | Mitsui Kinzoku Company, Limited 0.06% |
| AMAZON.COM, INC. 2.58% | PLS GROUP LIMITED 0.06% |
| ALPHABET INC. 2.26% | DIPLOMA PLC 0.05% |
| BROADCOM INC. 1.90% | ENLIGHT RENEWABLE ENERGY LTD 0.05% |
| ALPHABET INC. 1.87% | BEAZLEY PLC 0.04% |
| Taiwan Semiconductor Manufacturing Compa 1.73% | Accelleron Industries AG 0.04% |
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 | IEFA iShares Core MSCI EAFE ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | MSCI ACWI | Core MSCI EAFE |
| Total return, 1 year | +19.1% | +18.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +1.6 pts | +0.5 pts |
| Expense ratio | 0.32% | 0.07% |
| Already in the S&P 500 | 61.4% | 0.1% |
| Holdings | 2307 | 2632 |
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%.
IEFA in plain words
IEFA is an index equity fund tracking the Core MSCI EAFE. Over the year to Sep 11, 2026 it returned +18.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.07% 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 2632 positions, with the top ten at 11.5%.
Questions people ask
- Which returned more over the last year, ACWI or IEFA?
- In the year to Sep 12, 2026, with distributions reinvested, ACWI returned +19.1% and IEFA returned +18.0%, so ACWI returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, ACWI or IEFA?
- ACWI charges 0.32% a year and IEFA charges 0.07%, so IEFA is cheaper. Fees come from each fund's prospectus.
- How much do ACWI and IEFA overlap with the S&P 500?
- By their latest filed holdings, 61% of ACWI and 0% of IEFA by weight is stocks the S&P 500 already holds. Between the two funds, 22% 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 IEFA, data as of Sep 12, 2026. https://etfiq.com/compare/any/ACWI-IEFA Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources