Data as of Oct 28, 2026.

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ACWI vs EMB: Differences, Returns & Fees

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Over the year to Oct 28, 2026, ACWI returned +13.4% to EMB's −0.4%; 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 $13.2bn for iShares J.P. Morgan USD Emerging Markets Bond ETF.

At a glance
+13.4%
ACWI total return, 1 year
−0.4%
EMB total return, 1 year
0.32%
ACWI expense ratio
0.39%
EMB expense ratio

Pair scorecard

ACWI costs 0.07 points a year less; their one-year returns differ by 13.8 points; ACWI is 2.5 times larger.

ACWI vs EMB: Differences, Returns & Fees
MeasureACWIEMB
Return
Total return, 1 year+13.4%−0.4%
Drawdown
Below its high3.5%, high on Jun 29, 2026
Benchmark
What it tracksMSCI ACWIJ.P. Morgan EMBI Global Core Index
Cost and size
Expense ratio0.32%0.39%
Net assets$33.0bn$13.2bn
Holdings
Holdings in common0%
In the S&P 500, by weight61%
Top ten holdings, share of the fund24.9%

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

What they share

0%

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

0 half 100%

half

0% in common

Positions both hold · largest shared weight first ACWI EMB
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 EMB
ARGENTINA REPUBLIC OF GOVERNMENT 1.08%
ECUADOR REPUBLIC OF (GOVERNMENT) RegS 0.76%
ARGENTINA REPUBLIC OF GOVERNMENT 0.65%
ARGENTINA REPUBLIC OF GOVERNMENT 0.64%
GHANA (REPUBLIC OF) DISCO RegS 0.56%
URUGUAY (ORIENTAL REPUBLIC OF) 0.54%
ARGENTINA REPUBLIC OF GOVERNMENT 0.52%
EAGLE FUNDING LUXCO SARL RegS 0.52%
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Side by side

ACWI iShares MSCI ACWI ETF EMB iShares J.P. Morgan USD Emerging Markets Bond ETF
Where it sits Stock ETF Bond ETF
What it is Tracks the MSCI ACWI Tracks the J.P. Morgan USD Emerging Markets Bond
Total return, 1 year +13.4% −0.4%
Expense ratio 0.32% 0.39%
Holdings 2197 622
Net assets $33.0bn $13.2bn

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

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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%.

EMB

EMB tracks the J.P. Morgan USD Emerging Markets Bond. Over the year to Oct 28, 2026 it returned −0.4% with distributions reinvested. The prospectus expense ratio is 0.39% a year. It sat 3.5% below its high of Jun 29, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, ACWI or EMB?
In the year to Oct 28, 2026, with distributions reinvested, ACWI returned +13.4% and EMB −0.4%.
Which is cheaper, ACWI or EMB?
ACWI is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, ACWI against EMB, data as of Oct 28, 2026. https://etfiq.com/compare/any/acwi-vs-emb

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