Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
ACWX vs EMXC: how they differ
ACWX and EMXC hold 24% of their weight in the same names, and EMXC returned more over the year.
iShares MSCI ACWI ex U.S. ETF and iShares MSCI Emerging Markets ex China ETF.
What they hold in common
By the books each fund has filed, ACWX and EMXC hold 24% of their money in the same securities at the same weight.
| Holding | ACWX | EMXC |
|---|---|---|
| Taiwan Semiconductor Manufacturing Compa | 4.69% | 17.97% |
| SK hynix Inc. | 1.33% | 8.37% |
| DELTA ELECTRONICS, INC. | 0.37% | 1.47% |
| MediaTek Inc. | 0.35% | 2.04% |
| HON HAI PRECISION INDUSTRY CO., LTD. | 0.25% | 1.13% |
| RELIANCE INDUSTRIES LIMITED | 0.25% | 0.83% |
| HDFC BANK LIMITED | 0.25% | 0.88% |
| Samsung Electronics Co., Ltd. | 0.24% | 1.07% |
| ICICI BANK LIMITED | 0.19% | 0.69% |
| VALE S.A. | 0.16% | 0.58% |
| AL RAJHI BANKING AND INVESTMENT CORPORAT | 0.15% | 0.52% |
| ASE Technology Holding Co., Ltd. | 0.14% | 0.62% |
| Only in ACWX | Only in EMXC |
|---|---|
| ASML Holding N.V. 1.54% | Fibra Uno Administracion S.C. 0.05% |
| Tencent Holdings Limited 1.07% | Grupo Aeroportuario del Centro Norte, S. 0.04% |
| HSBC HOLDINGS PLC 0.86% | ASSECO POLAND SPOLKA AKCYJNA 0.03% |
| ASTRAZENECA PLC 0.81% | L&T Finance Limited 0.03% |
| Alibaba Group Holding Limited 0.79% | Mabanee Company K.P.S.C. 0.02% |
| Novartis AG 0.77% | MALCO ENERGY LIMITED 0.02% |
| Nestle S.A. 0.72% | TALWANDI SABO POWER LIMITED 0.02% |
| SHELL PLC 0.71% | TMBTHANACHART BANK PUBLIC COMPANY LIMITE 0.02% |
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.
| ACWX iShares MSCI ACWI ex U.S. ETF | EMXC iShares MSCI Emerging Markets ex China ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | MSCI ACWI ex U.S. | MSCI Emerging Markets ex China |
| Total return, 1 year | +23.0% | +55.5% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +5.5 pts | +38.0 pts |
| Expense ratio | 0.32% | 0.25% |
| Already in the S&P 500 | 0.0% | 0.0% |
| Holdings | 1759 | 662 |
ACWX in plain words
ACWX is an index equity fund tracking the MSCI ACWI ex U.S.. Over the year to Sep 11, 2026 it returned +23.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.32% 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 1759 positions, with the top ten at 14.6%.
EMXC in plain words
EMXC is an index equity fund tracking the MSCI Emerging Markets ex China. Over the year to Sep 11, 2026 it returned +55.5% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.25% 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 662 positions, with the top ten at 44.3%. It sat 5.5% below its high of Jun 22, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, ACWX or EMXC?
- In the year to Sep 12, 2026, with distributions reinvested, ACWX returned +23.0% and EMXC returned +55.5%, so EMXC returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, ACWX or EMXC?
- ACWX charges 0.32% a year and EMXC charges 0.25%, so EMXC is cheaper. Fees come from each fund's prospectus.
- How much do ACWX and EMXC overlap with the S&P 500?
- By their latest filed holdings, 0% of ACWX and 0% of EMXC by weight is stocks the S&P 500 already holds. Between the two funds, 24% 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, ACWX against EMXC, data as of Sep 12, 2026. https://etfiq.com/compare/any/ACWX-EMXC Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources