Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
ACWX vs VEU: how they differ
ACWX and VEU hold 14% of their weight in the same names.
iShares MSCI ACWI ex U.S. ETF and Vanguard FTSE All-World ex-US Index Fund.
What they hold in common
By the books each fund has filed, ACWX and VEU hold 14% of their money in the same securities at the same weight.
| Holding | ACWX | VEU |
|---|---|---|
| ROYAL BANK OF CANADA | 0.69% | 0.65% |
| THE TORONTO-DOMINION BANK | 0.50% | 0.47% |
| Allianz SE | 0.47% | 0.45% |
| Siemens Energy AG | 0.45% | 0.41% |
| SHOPIFY INC. | 0.41% | 0.38% |
| UBS Group AG | 0.39% | 0.36% |
| Deutsche Telekom AG | 0.32% | 0.28% |
| BANK OF MONTREAL | 0.29% | 0.28% |
| CANADIAN IMPERIAL BANK OF COMMERCE | 0.28% | 0.27% |
| GSK PLC | 0.29% | 0.27% |
| Zurich Insurance Group AG | 0.28% | 0.27% |
| CANADIAN NATURAL RESOURCES LIMITED | 0.27% | 0.25% |
| Only in ACWX | Only in VEU |
|---|---|
| Taiwan Semiconductor Manufacturing Compa 4.69% | Samsung Electronics Co Ltd 1.83% |
| ASML Holding N.V. 1.54% | ASML Holding NV 1.45% |
| SK hynix Inc. 1.33% | SK hynix Inc 1.24% |
| Tencent Holdings Limited 1.07% | Tencent Holdings Ltd 0.97% |
| HSBC HOLDINGS PLC 0.86% | HSBC Holdings PLC 0.81% |
| ASTRAZENECA PLC 0.81% | Alibaba Group Holding Ltd 0.76% |
| Alibaba Group Holding Limited 0.79% | AstraZeneca PLC 0.73% |
| Novartis AG 0.77% | Novartis AG 0.73% |
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.
| ACWX iShares MSCI ACWI ex U.S. ETF | VEU Vanguard FTSE All-World ex-US Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Vanguard |
| What it is | MSCI ACWI ex U.S. | FTSE All-World ex-US |
| Total return, 1 year | +23.0% | +22.9% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +5.5 pts | +5.4 pts |
| Expense ratio | 0.32% | 0.04% |
| Already in the S&P 500 | 0.0% | 0.0% |
| Holdings | 1759 | 3860 |
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%.
VEU in plain words
VEU is an index equity fund tracking the FTSE All-World ex-US. Over the year to Sep 11, 2026 it returned +22.9% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.04% 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 3860 positions, with the top ten at 13.6%.
Questions people ask
- Which returned more over the last year, ACWX or VEU?
- In the year to Sep 12, 2026, with distributions reinvested, ACWX returned +23.0% and VEU returned +22.9%, so ACWX returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, ACWX or VEU?
- ACWX charges 0.32% a year and VEU charges 0.04%, so VEU is cheaper. Fees come from each fund's prospectus.
- How much do ACWX and VEU overlap with the S&P 500?
- By their latest filed holdings, 0% of ACWX and 0% of VEU by weight is stocks the S&P 500 already holds. Between the two funds, 14% 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 VEU, data as of Sep 12, 2026. https://etfiq.com/compare/any/ACWX-VEU Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources