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

In the year to Oct 28, 2026, with distributions reinvested, ACWI returned +13.4% and AOR +7.8%.

Which is cheaper, ACWI or AOR?

AOR is cheaper, by 0.17 percentage points a year. That is about $17 on $10,000 held for a year. Fees come from each fund's prospectus.

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

By their latest filed holdings, 61% of ACWI and 0% of AOR by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

ACWI vs AOR: Differences, Returns & Fees

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Over the year to Oct 28, 2026, ACWI returned +13.4% to AOR's +7.8%; 0% of their weight is in the same names.

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Net assets on Oct 28, 2026: $33.0bn for iShares MSCI ACWI ETF and $3.9bn for iShares Core 60/40 Balanced Allocation ETF.

ACWI on its own →AOR on its own →

At a glance

+13.4%

ACWI total return, 1 year

+7.8%

AOR total return, 1 year

0.32%

ACWI expense ratio

0.15%

AOR expense ratio

Pair scorecard

AOR costs 0.17 points a year less; their one-year returns differ by 5.6 points; ACWI is 8.5 times larger.

ACWI vs AOR: Differences, Returns & Fees
Measure	ACWI	AOR
Return
Measure	ACWI	AOR
Total return, 1 year	+13.4%	+7.8%
Benchmark
Measure	ACWI	AOR
What it tracks	MSCI ACWI	60/40 Balanced Allocation
Cost and size
Measure	ACWI	AOR
Expense ratio	0.32%	0.15%
Net assets	$33.0bn	$3.9bn
Holdings
Measure	ACWI	AOR
Holdings in common	0%
Top ten holdings, share of the fund	24.9%	99.9%

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

Risk and return

Nov 21, 2008 to Oct 23, 2026 · 935 weekly returns

ACWI AOR

Return

Total return edge ACWI +700.9% +374.6%

Annualized edge ACWI +12.3% +9.0%

Price return edge ACWI +463.4% +209.7%

Risk

Volatility edge AOR 17.2% 12.6%

Max drawdown edge AOR −32.1% −24.1%

Risk-adjusted

Sharpe edge ACWI (slight) 0.67 0.63

Sortino edge AOR (slight) 0.99 1.01

Calmar edge Tie 0.38 0.38

Reading

ACWI returned more: +700.9% to +374.6%. AOR swung less: 12.6% to 17.2%. AOR fell less at its worst: −24.1% to −32.1%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: ACWI vs AOR: Differences, Returns & Fees
Measure	ACWI	AOR	Edge	How it is measured
Return
Total return	+700.9%	+374.6%	ACWI	Price change plus distributions, reinvested.
Annualized	+12.3%	+9.0%	ACWI	Total return as a yearly rate.
Price return	+463.4%	+209.7%	ACWI	Price change alone, distributions left out.
Risk
Volatility	17.2%	12.6%	AOR	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	11.7%	7.9%	AOR	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−32.1%	−24.1%	AOR	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.67	0.63	ACWI (slight)	Return above Treasury bills per unit of volatility.
Sortino	0.99	1.01	AOR (slight)	Return above Treasury bills per unit of downside deviation.
Calmar	0.38	0.38	Tie	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 935 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, ACWI and AOR 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 AOR

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 AOR

ISHARES CORE S&P ETF TRUST 35.70%

ISHARES CORE UNIV USD BOND ETF 32.15%

ISHARES CORE MSCI INT DEVEL ETF 17.10%

ISHARES CORE MSCI EMERGING MARKETS 6.34%

iShares Core Intl Aggregate Bnd ET 5.81%

ISHARES CORE S&P MID-CAP ETF 1.89%

ISHARES CORE S&P SMALL-CAP ETF 0.92%

Check overlap with more funds →

Side by side

ACWI iShares MSCI ACWI ETF AOR iShares Core 60/40 Balanced Allocation ETF

Where it sits Stock ETF Allocation ETF

Issuer iShares iShares

What it is Tracks the MSCI ACWI Tracks an index of 60/40 Balanced Allocation

Total return, 1 year +13.4% +7.8%

Its benchmark over the same days not measured +13.4% (ACWI)

Gap to its benchmark not measured −5.6 pts vs ACWI

Expense ratio 0.32% 0.15%

Already in the S&P 500 60.9% 0.0%

Holdings 2197 7

Net assets $33.0bn $3.9bn

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

Client brief · page 1 of 2 Report BR-289E350681

ACWI and AOR do different jobs. What does each one do in a portfolio?

What each follows. ACWI follows MSCI ACWI and AOR follows 60/40 Balanced Allocation.
Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
One-year total return. Over 1 year to Oct 28, 2026 ACWI returned +13.4% and AOR +7.8% with distributions reinvested, a gap of 5.6 points.

Data as of Oct 28, 2026.

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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%.

AOR

AOR tracks an index of 60/40 Balanced Allocation. Over the year to Oct 28, 2026 it returned +7.8% with distributions reinvested, against +13.4% for its benchmark, the MSCI All Country World Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 7 positions, with the top ten at 99.9%.

Questions people ask

Which returned more over the last year, ACWI or AOR?: In the year to Oct 28, 2026, with distributions reinvested, ACWI returned +13.4% and AOR +7.8%.
Which is cheaper, ACWI or AOR?: AOR is cheaper, by 0.17 percentage points a year. That is about $17 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do ACWI and AOR overlap with the S&P 500?: By their latest filed holdings, 61% of ACWI and 0% of AOR by weight is stocks the S&P 500 already holds.

Other comparisons

ACWI vs CGBL ACWI vs IYR ACWI vs HYMB ACWI vs FXI AOR vs VT AOR vs URTH AOR vs IDEV AOR vs VGK

Where to next

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

Sources and dates

ACWI and AOR filings on SEC EDGAR ↗

ACWI and AOR prospectus with the expense ratio (SEC) ↗

iShares page for ACWI ↗

iShares page for AOR ↗

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 AOR, data as of Oct 28, 2026. https://etfiq.com/compare/any/acwi-vs-aor

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