Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
ACWI vs EWY: how they differ
ACWI and EWY hold 3% of their weight in the same names, and EWY returned more over the year.
iShares MSCI ACWI ETF and iShares MSCI South Korea ETF.
What they hold in common
By the books each fund has filed, ACWI and EWY hold 3% of their money in the same securities at the same weight.
| Holding | ACWI | EWY |
|---|---|---|
| SAMSUNG ELECTRONICS LTD | 0.91% | 22.13% |
| SK HYNIX | 0.74% | 24.02% |
| SK SQUARE | 0.08% | 3.01% |
| SAMSUNG ELECTRONICS NON VOTING PRE | 0.12% | 0.07% |
| SAMSUNG ELECTRO MECHANICS LTD | 0.06% | 2.46% |
| KB FINANCIAL GROUP | 0.05% | 1.92% |
| BLK CSH FND TREASURY SL AGENCY | 0.10% | 0.05% |
| HYUNDAI MOTOR | 0.04% | 1.60% |
| DOOSAN ENERBILITY LTD | 0.03% | 1.35% |
| HANA FINANCIAL GROUP | 0.03% | 1.31% |
| SHINHAN FINANCIAL GROUP | 0.03% | 1.57% |
| CELLTRION | 0.02% | 1.03% |
| Only in ACWI | Only in EWY |
|---|---|
| NVIDIA 4.89% | DB INSURANCE LTD 0.52% |
| APPLE 4.67% | KOREAN AIR LINES LTD 0.49% |
| MICROSOFT 3.38% | S-OIL 0.49% |
| AMAZON.COM INC 2.38% | INDUSTRIAL BANK OF KOREA 0.43% |
| ALPHABET CLASS A 1.90% | POSCO FUTURE M LTD 0.43% |
| TAIWAN SEMICONDUCTOR MANUFACTURING 1.86% | AMOREPACIFIC 0.42% |
| BROADCOM INC 1.59% | HMM LTD 0.42% |
| ALPHABET CLASS C 1.50% | SAM YANG FOODS INC 0.41% |
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 Sep 10, 2026.
| ACWI iShares MSCI ACWI ETF | EWY iShares MSCI South Korea ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | MSCI ACWI | MSCI South Korea |
| Total return, 1 year | +19.1% | +147.9% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +1.6 pts | +130.4 pts |
| Expense ratio | 0.32% | 0.59% |
| Already in the S&P 500 | 61.4% | 0.0% |
| Holdings | 1630 | 80 |
ACWI in plain words
ACWI is an index equity fund tracking the MSCI ACWI. Over the year to Sep 11, 2026 it returned +19.1% 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 Sep 10, 2026, 61% of the fund by weight is stocks the S&P 500 also holds, across 1630 positions, with the top ten at 24.6%.
EWY in plain words
EWY is an index equity fund tracking the MSCI South Korea. Over the year to Sep 11, 2026 it returned +147.9% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.59% a year. By its holdings filed for Sep 10, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 80 positions, with the top ten at 61.9%. It sat 13.9% below its high of Jun 18, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, ACWI or EWY?
- In the year to Sep 13, 2026, with distributions reinvested, ACWI returned +19.1% and EWY returned +147.9%, so EWY returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, ACWI or EWY?
- ACWI charges 0.32% a year and EWY charges 0.59%, so ACWI is cheaper. Fees come from each fund's prospectus.
- How much do ACWI and EWY overlap with the S&P 500?
- By their latest filed holdings, 61% of ACWI and 0% of EWY by weight is stocks the S&P 500 already holds. Between the two funds, 3% 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, ACWI against EWY, data as of Sep 13, 2026. https://etfiq.com/compare/any/acwi-vs-ewy Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources