Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
ACWI vs IWF: how they differ
ACWI and IWF hold 37% of their weight in the same names, and ACWI returned more over the year.
iShares MSCI ACWI ETF and iShares Russell 1000 Growth ETF.
What they hold in common
By the books each fund has filed, ACWI and IWF hold 37% of their money in the same securities at the same weight.
| Holding | ACWI | IWF |
|---|---|---|
| NVIDIA CORPORATION | 4.89% | 13.85% |
| APPLE INC. | 4.02% | 6.72% |
| MICROSOFT CORPORATION | 2.90% | 4.11% |
| ALPHABET INC. | 2.26% | 6.18% |
| BROADCOM INC. | 1.90% | 5.21% |
| ALPHABET INC. | 1.87% | 4.98% |
| META PLATFORMS, INC. | 1.34% | 3.01% |
| TESLA, INC. | 1.09% | 3.65% |
| ELI LILLY AND COMPANY | 0.76% | 2.84% |
| MICRON TECHNOLOGY, INC. | 0.59% | 3.86% |
| ADVANCED MICRO DEVICES, INC. | 0.58% | 2.80% |
| AMAZON.COM, INC. | 2.58% | 0.57% |
| Only in ACWI | Only in IWF |
|---|---|
| Taiwan Semiconductor Manufacturing Compa 1.73% | SANDISK CORPORATION 0.98% |
| JPMORGAN CHASE & CO. 0.86% | SPACE EXPLORATION TECHNOLOGIES CORP. 0.24% |
| BERKSHIRE HATHAWAY INC. 0.66% | ANGLOGOLD ASHANTI PLC 0.11% |
| EXXON MOBIL CORPORATION 0.66% | CARPENTER TECHNOLOGY CORPORATION 0.09% |
| ASML Holding N.V. 0.56% | ATI INC 0.08% |
| JOHNSON & JOHNSON 0.56% | MASTEC, INC. 0.08% |
| SK hynix Inc. 0.49% | MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC 0.08% |
| INTEL CORPORATION 0.43% | STERLING INFRASTRUCTURE, INC. 0.07% |
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 | IWF iShares Russell 1000 Growth ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | MSCI ACWI | Russell 1000 growth |
| Total return, 1 year | +19.1% | +7.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +1.6 pts | −10.5 pts |
| Expense ratio | 0.32% | 0.18% |
| Already in the S&P 500 | 61.4% | 93.6% |
| Holdings | 2307 | 368 |
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%.
IWF in plain words
IWF is an index equity fund tracking the Russell 1000 growth. Over the year to Sep 11, 2026 it returned +7.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.18% a year. By its holdings filed for Jun 30, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 368 positions, with the top ten at 54.4%. It sat 5.0% below its high of Jun 1, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, ACWI or IWF?
- In the year to Sep 12, 2026, with distributions reinvested, ACWI returned +19.1% and IWF returned +7.0%, so ACWI returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, ACWI or IWF?
- ACWI charges 0.32% a year and IWF charges 0.18%, so IWF is cheaper. Fees come from each fund's prospectus.
- How much do ACWI and IWF overlap with the S&P 500?
- By their latest filed holdings, 61% of ACWI and 94% of IWF by weight is stocks the S&P 500 already holds. Between the two funds, 37% of their books are the same securities at the same weight.
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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 IWF, data as of Sep 12, 2026. https://etfiq.com/compare/any/ACWI-IWF Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources