Data as of Oct 28, 2026.
ACWI vs DFUS: Differences, Returns & Fees
Over the year to Oct 28, 2026, ACWI returned +13.4% to DFUS's +13.8%; 58% of their weight is in the same names.
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Net assets: $33.0bn on Oct 28, 2026 for iShares MSCI ACWI ETF, and $20.9bn on Jul 31, 2026 for Dimensional U.S. Equity Market ETF.
Pair scorecard
DFUS costs 0.23 points a year less; their one-year returns differ by 0.4 points.
| Measure | ACWI | DFUS |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.4% | +13.8% |
| Benchmark | ||
| What it tracks | MSCI ACWI | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.32% | 0.09% |
| Net assets, ACWI as of Oct 28, 2026 and DFUS as of Jul 31, 2026 | $33.0bn | $20.9bn |
| Holdings | ||
| Holdings in common | 58% | |
| Top ten holdings, share of the fund | 24.9% | 34.6% |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method
Risk and return
Jun 25, 2021 to Oct 23, 2026 · 278 weekly returnsDFUS returned more: +87.6% to +68.4%. ACWI swung slightly less: 15.1% to 16.2%. DFUS fell slightly less at its worst: −24.2% to −26.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | ACWI | DFUS | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +68.4% | +87.6% | DFUS | Price change plus distributions, reinvested. |
| Annualized | +10.2% | +12.5% | DFUS | Total return as a yearly rate. |
| Price return | +54.4% | +76.2% | DFUS | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 15.1% | 16.2% | ACWI (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 10.3% | 10.8% | ACWI (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −26.1% | −24.2% | DFUS (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.48 | 0.58 | DFUS | Return above Treasury bills per unit of volatility. |
| Sortino | 0.70 | 0.87 | DFUS | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.39 | 0.52 | DFUS | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 278 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, ACWI and DFUS hold 58% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.
half
58% in common
Only in one fund ↓
Side by side
ACWI and DFUS on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
ACWI and DFUS do different jobs. What does each one do in a portfolio?
- What each follows. ACWI follows MSCI ACWI and DFUS follows No index, actively managed.
- Cost. ACWI charges 0.32% of assets a year and DFUS 0.09%, a gap of 0.23 points.
- Holdings in common (similar). 58% of the weight is in the same securities (holdings dated Oct 27, 2026 and Jul 31, 2026).
Data as of Oct 28, 2026.
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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%.
Over the year to Oct 28, 2026 it returned +13.8% with distributions reinvested, against +13.3% for its benchmark, the Russell 3000 Index.
DFUS is actively managed and tracks no index. The prospectus expense ratio is 0.09% a year. By its holdings filed for Jul 31, 2026, 89% of the fund by weight is stocks the S&P 500 also holds, across 2,236 positions, with the top ten at 34.6%.
Questions people ask
- Which returned more over the last year, ACWI or DFUS?
- In the year to Oct 28, 2026, with distributions reinvested, ACWI returned +13.4% and DFUS +13.8%.
- Which is cheaper, ACWI or DFUS?
- DFUS is cheaper, by 0.23 percentage points a year. That is about $23 on $10,000 held for a year. Fees come from each fund's prospectus.
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.
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ETFIQ, ACWI against DFUS, data as of Oct 28, 2026. https://etfiq.com/compare/any/acwi-vs-dfus
ETFIQ. (Oct 28, 2026). ACWI against DFUS. Retrieved from https://etfiq.com/compare/any/acwi-vs-dfus
[ACWI against DFUS (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/acwi-vs-dfus)
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