Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
ACWI vs XLV: how they differ
ACWI and XLV hold 5% of their weight in the same names, and XLV returned more over the year.
iShares MSCI ACWI ETF and State Street(R) Health Care Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, ACWI and XLV hold 5% of their money in the same securities at the same weight.
| Holding | ACWI | XLV |
|---|---|---|
| ELI LILLY AND COMPANY | 0.76% | 16.56% |
| JOHNSON & JOHNSON | 0.56% | 10.67% |
| ABBVIE INC. | 0.38% | 7.76% |
| UNITEDHEALTH GROUP INCORPORATED | 0.34% | 6.59% |
| MERCK & CO., INC. | 0.27% | 5.54% |
| AMGEN INC. | 0.19% | 3.41% |
| THERMO FISHER SCIENTIFIC INCORPORATED | 0.18% | 3.25% |
| GILEAD SCIENCES, INC. | 0.16% | 2.74% |
| INTUITIVE SURGICAL, INC. | 0.16% | 2.46% |
| ABBOTT LABORATORIES | 0.16% | 2.76% |
| PFIZER INC. | 0.15% | 2.40% |
| BRISTOL-MYERS SQUIBB COMPANY | 0.12% | 2.05% |
| Only in ACWI | Only in XLV |
|---|---|
| NVIDIA CORPORATION 4.89% | Medtronic PLC 1.75% |
| APPLE INC. 4.02% | Moderna Inc 0.43% |
| MICROSOFT CORPORATION 2.90% | STERIS PLC 0.36% |
| AMAZON.COM, INC. 2.58% | Viatris Inc 0.32% |
| ALPHABET INC. 2.26% | Revvity Inc 0.22% |
| BROADCOM INC. 1.90% | Align Technology Inc 0.20% |
| ALPHABET INC. 1.87% | Bio-Techne Corp 0.19% |
| Taiwan Semiconductor Manufacturing Compa 1.73% | Baxter International Inc 0.19% |
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 | XLV State Street(R) Health Care Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | State Street |
| What it is | MSCI ACWI | Health care |
| Total return, 1 year | +19.1% | +20.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +1.6 pts | +2.9 pts |
| Expense ratio | 0.32% | 0.08% |
| Already in the S&P 500 | 61.4% | 100.0% |
| Holdings | 2307 | 59 |
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%.
XLV in plain words
XLV is an index equity fund tracking the Health care. Over the year to Sep 11, 2026 it returned +20.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% a year. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 59 positions, with the top ten at 61.7%. It sat 5.9% below its high of Aug 19, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, ACWI or XLV?
- In the year to Sep 12, 2026, with distributions reinvested, ACWI returned +19.1% and XLV returned +20.4%, so XLV returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, ACWI or XLV?
- ACWI charges 0.32% a year and XLV charges 0.08%, so XLV is cheaper. Fees come from each fund's prospectus.
- How much do ACWI and XLV overlap with the S&P 500?
- By their latest filed holdings, 61% of ACWI and 100% of XLV by weight is stocks the S&P 500 already holds. Between the two funds, 5% 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 XLV, data as of Sep 12, 2026. https://etfiq.com/compare/any/ACWI-XLV Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources