Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
ACWI vs INDA: how they differ
ACWI and INDA hold 1% of their weight in the same names, and ACWI returned more over the year.
iShares MSCI ACWI ETF and iShares MSCI India ETF.
What they hold in common
By the books each fund has filed, ACWI and INDA hold 1% of their money in the same securities at the same weight.
| Holding | ACWI | INDA |
|---|---|---|
| HDFC BANK LIMITED | 0.09% | 6.15% |
| RELIANCE INDUSTRIES LIMITED | 0.09% | 6.23% |
| ICICI BANK LIMITED | 0.07% | 4.68% |
| BHARTI AIRTEL LIMITED | 0.05% | 3.63% |
| INFOSYS LIMITED | 0.04% | 2.92% |
| MAHINDRA AND MAHINDRA LIMITED | 0.03% | 2.20% |
| AXIS BANK LIMITED | 0.03% | 2.23% |
| BAJAJ FINANCE LIMITED | 0.03% | 1.92% |
| LARSEN AND TOUBRO LIMITED | 0.03% | 2.13% |
| TATA CONSULTANCY SERVICES LIMITED | 0.02% | 1.54% |
| KOTAK MAHINDRA BANK LIMITED | 0.02% | 1.59% |
| State Bank of India | 0.02% | 1.35% |
| Only in ACWI | Only in INDA |
|---|---|
| NVIDIA CORPORATION 4.89% | MALCO ENERGY LIMITED 0.12% |
| APPLE INC. 4.02% | TALWANDI SABO POWER LIMITED 0.12% |
| MICROSOFT CORPORATION 2.90% | VEDANTA ALUMINIUM METAL LIMITED 0.12% |
| AMAZON.COM, INC. 2.58% | INDIAN RUPEE 0.05% |
| 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 and May 31, 2026.
| ACWI iShares MSCI ACWI ETF | INDA iShares MSCI India ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | MSCI ACWI | MSCI India |
| Total return, 1 year | +19.1% | −8.8% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +1.6 pts | −26.3 pts |
| Expense ratio | 0.32% | 0.61% |
| Already in the S&P 500 | 61.4% | 0.0% |
| Holdings | 2307 | 169 |
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%.
INDA in plain words
INDA is an index equity fund tracking the MSCI India. Over the year to Sep 11, 2026 it returned −8.8% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.61% 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 169 positions, with the top ten at 33.7%. It sat 17.4% below its high of Sep 26, 2024 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, ACWI or INDA?
- In the year to Sep 12, 2026, with distributions reinvested, ACWI returned +19.1% and INDA returned −8.8%, so ACWI returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, ACWI or INDA?
- ACWI charges 0.32% a year and INDA charges 0.61%, so ACWI is cheaper. Fees come from each fund's prospectus.
- How much do ACWI and INDA overlap with the S&P 500?
- By their latest filed holdings, 61% of ACWI and 0% of INDA by weight is stocks the S&P 500 already holds. Between the two funds, 1% 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 INDA, data as of Sep 12, 2026. https://etfiq.com/compare/any/ACWI-INDA Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources