Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
ACWI vs ONEQ: how they differ
ACWI and ONEQ hold 35% of their weight in the same names, and ONEQ returned more over the year.
iShares MSCI ACWI ETF and Fidelity Nasdaq Composite Index ETF.
What they hold in common
By the books each fund has filed, ACWI and ONEQ hold 35% of their money in the same securities at the same weight.
| Holding | ACWI | ONEQ |
|---|---|---|
| NVIDIA CORPORATION | 4.89% | 11.24% |
| APPLE INC. | 4.02% | 10.04% |
| MICROSOFT CORPORATION | 2.90% | 7.32% |
| AMAZON.COM, INC. | 2.58% | 6.37% |
| ALPHABET INC. | 2.26% | 4.85% |
| BROADCOM INC. | 1.90% | 4.64% |
| ALPHABET INC. | 1.87% | 4.48% |
| META PLATFORMS, INC. | 1.34% | 3.03% |
| TESLA, INC. | 1.09% | 3.58% |
| MICRON TECHNOLOGY, INC. | 0.59% | 2.38% |
| ADVANCED MICRO DEVICES, INC. | 0.58% | 1.84% |
| WALMART INC. | 0.58% | 2.02% |
| Only in ACWI | Only in ONEQ |
|---|---|
| Taiwan Semiconductor Manufacturing Compa 1.73% | SANDISK CORP/DE 0.55% |
| JPMORGAN CHASE & CO. 0.86% | LINDE PLC 0.50% |
| ELI LILLY AND COMPANY 0.76% | SEAGATE TECHNOLOGY HOLDINGS PLC 0.42% |
| BERKSHIRE HATHAWAY INC. 0.66% | ASML HOLDING NV 0.31% |
| EXXON MOBIL CORPORATION 0.66% | NXP SEMICONDUCTORS NV 0.17% |
| ASML Holding N.V. 0.56% | FLEX LTD 0.12% |
| JOHNSON & JOHNSON 0.56% | NEBIUS GROUP NV 0.11% |
| VISA INC. 0.56% | ARM HOLDINGS LIMITED 0.11% |
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 | ONEQ Fidelity Nasdaq Composite Index ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Fidelity |
| What it is | MSCI ACWI | Nasdaq Composite |
| Total return, 1 year | +19.1% | +20.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +1.6 pts | +3.1 pts |
| Expense ratio | 0.32% | 0.21% |
| Already in the S&P 500 | 61.4% | 87.4% |
| Holdings | 2307 | 1022 |
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%.
ONEQ in plain words
ONEQ is an index equity fund tracking the Nasdaq Composite. Over the year to Sep 11, 2026 it returned +20.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.21% a year. By its holdings filed for May 31, 2026, 87% of the fund by weight is stocks the S&P 500 also holds, across 1022 positions, with the top ten at 57.9%.
Questions people ask
- Which returned more over the last year, ACWI or ONEQ?
- In the year to Sep 12, 2026, with distributions reinvested, ACWI returned +19.1% and ONEQ returned +20.6%, so ONEQ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, ACWI or ONEQ?
- ACWI charges 0.32% a year and ONEQ charges 0.21%, so ONEQ is cheaper. Fees come from each fund's prospectus.
- How much do ACWI and ONEQ overlap with the S&P 500?
- By their latest filed holdings, 61% of ACWI and 87% of ONEQ by weight is stocks the S&P 500 already holds. Between the two funds, 35% 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 ONEQ, data as of Sep 12, 2026. https://etfiq.com/compare/any/ACWI-ONEQ Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources