Are ACWI and AIRR in the same category?

ACWI is a stock ETF and AIRR is a thematic ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.

Which returned more over the last year, ACWI or AIRR?

In the year to Oct 28, 2026, with distributions reinvested, ACWI returned +13.4% and AIRR −0.2%.

Which is cheaper, ACWI or AIRR?

ACWI is cheaper, by 0.37 percentage points a year. That is about $37 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do ACWI and AIRR overlap with the S&P 500?

By their latest filed holdings, 61% of ACWI and 15% of AIRR by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

ACWI vs AIRR: Differences, Returns & Fees

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Over the year to Oct 28, 2026, ACWI returned +13.4% to AIRR's −0.2%, and ACWI charges 0.32% to AIRR's 0.69%.

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Net assets: $33.0bn on Oct 28, 2026 for iShares MSCI ACWI ETF, and $8.4bn on Oct 27, 2026 for First Trust RBA American Industrial Renaissance ETF.

ACWI on its own →AIRR on its own →

At a glance

+13.4%

ACWI total return, 1 year

−0.2%

AIRR total return, 1 year

0.32%

ACWI expense ratio

0.69%

AIRR expense ratio

Pair scorecard

ACWI costs 0.37 points a year less; their one-year returns differ by 13.6 points; ACWI is 4.0 times larger.

ACWI vs AIRR: Differences, Returns & Fees
Measure	ACWI	AIRR
Return
Measure	ACWI	AIRR
Total return, 1 year	+13.4%	−0.2%
Drawdown
Measure	ACWI	AIRR
Below its all-time high		25.5%, high on Jun 22, 2026
Against its benchmark
Measure	ACWI	AIRR
What it tracks	MSCI ACWI	Reshoring and manufacturing
Against the S&P 500, 1 year		behind by 13.9 pts
Against its benchmark, 1 year		behind by 13.9 pts
Cost and size
Measure	ACWI	AIRR
Expense ratio	0.32%	0.69%
Net assets, as of Oct 26, 2026	$32.6bn	$8.2bn
Active share vs the S&P 500		100%
Holdings
Measure	ACWI	AIRR
Holdings in common	0%
Top ten holdings, share of the fund	24.9%	33%

Holdings in common uses holdings dated Oct 27, 2026. Method

What they share

By the books each fund has filed, ACWI and AIRR hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first ACWI AIRR

CH ROBINSON WORLDWIDE 0.02% 3.83%

NEXT PLC 0.02% 3.12%

Only in one fund ↓

Only in ACWI

APPLE 4.97%

NVIDIA 4.89%

MICROSOFT 3.66%

AMAZON.COM INC 2.39%

ALPHABET CLASS A 1.83%

TAIWAN SEMICONDUCTOR MANUFACTURING 1.77%

BROADCOM INC 1.51%

ALPHABET CLASS C 1.44%

Only in AIRR

Karman Holdings Inc. 3.51%

Kratos Defense & Security Solutions, Inc. 3.47%

BWX Technologies, Inc. 3.33%

Herc Holdings, Inc. 3.30%

Owens Corning 3.20%

RBC Bearings Incorporated 3.19%

Dycom Industries, Inc. 3.13%

Huntington Ingalls Industries, Inc. 3.13%

Check overlap with more funds →

Side by side

ACWI iShares MSCI ACWI ETF AIRR First Trust RBA American Industrial Renaissance ETF

Where it sits Stock ETF Thematic ETF

Issuer iShares First Trust

What it is Tracks the MSCI ACWI Reshoring and manufacturing

Total return, 1 year +13.4% −0.2%

Its benchmark over the same days not measured +13.7% (VOO)

Gap to its benchmark not measured −13.9 pts vs VOO

Expense ratio 0.32% 0.69%

Already in the S&P 500 60.9% 14.7%

Holdings 2197 55

Net assets, ACWI as of Oct 28, 2026 and AIRR as of Oct 27, 2026 $33.0bn $8.4bn

ACWI and AIRR on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Alert

About each fund

ACWI

ACWI tracks the MSCI ACWI. Over the year to Oct 28, 2026 it returned +13.4% with distributions reinvested. The prospectus expense ratio is 0.32% a year. By its holdings published by its issuer for Oct 27, 2026, 61% of the fund by weight is stocks the S&P 500 also holds, across 2,197 positions, with the top ten at 24.9%.

AIRR

By weight, 15% of AIRR's portfolio is stocks that are also in the S&P 500, from its filing for Jun 30, 2026; its active share against the S&P 500 is 100%.

The top ten holdings are 33% of the fund across 55 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned −0.2% with distributions reinvested against +13.7% for its benchmark, the S&P 500 Index, so a holder was behind by 13.9 pts. It sits 25.5% below its all-time high of Jun 22, 2026.

Questions people ask

Are ACWI and AIRR in the same category?: ACWI is a stock ETF and AIRR is a thematic ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which returned more over the last year, ACWI or AIRR?: In the year to Oct 28, 2026, with distributions reinvested, ACWI returned +13.4% and AIRR −0.2%.
Which is cheaper, ACWI or AIRR?: ACWI is cheaper, by 0.37 percentage points a year. That is about $37 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do ACWI and AIRR overlap with the S&P 500?: By their latest filed holdings, 61% of ACWI and 15% of AIRR by weight is stocks the S&P 500 already holds.

Other comparisons

ACWI vs XBI ACWI vs IBB ACWI vs GDX ACWI vs REMX AIRR vs VT AIRR vs EEM AIRR vs AVEM AIRR vs EWY

Where to next

ACWI on its own →AIRR on its own →Hold both: look the portfolio through →Rankings →ACWI dividend history →ACWI holdings →AIRR dividend history →AIRR holdings →Standards and sources →

Sources and dates

ACWI filings on SEC EDGAR ↗

ACWI prospectus with the expense ratio (SEC) ↗

iShares page for ACWI ↗

AIRR filings on SEC EDGAR ↗

AIRR prospectus with the expense ratio (SEC) ↗

First Trust page for AIRR ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, ACWI against AIRR, data as of Oct 28, 2026. https://etfiq.com/compare/any/acwi-vs-airr

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.