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

In the year to Oct 28, 2026, with distributions reinvested, ACWI returned +13.4% and EWZ +13.7%.

Which is cheaper, ACWI or EWZ?

ACWI is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's prospectus.

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

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

Data as of Oct 28, 2026.

Across categories

ACWI vs EWZ: Differences, Returns & Fees

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Over the year to Oct 28, 2026, ACWI returned +13.4% to EWZ's +13.7%; 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 $10.3bn for iShares MSCI Brazil ETF.

ACWI on its own →EWZ on its own →

At a glance

+13.4%

ACWI total return, 1 year

+13.7%

EWZ total return, 1 year

0.32%

ACWI expense ratio

0.59%

EWZ expense ratio

Pair scorecard

ACWI costs 0.27 points a year less; their one-year returns differ by 0.3 points; ACWI is 3.2 times larger.

ACWI vs EWZ: Differences, Returns & Fees
Measure	ACWI	EWZ
Return
Measure	ACWI	EWZ
Total return, 1 year	+13.4%	+13.7%
Drawdown
Measure	ACWI	EWZ
Below its high		25.4%, high on May 20, 2008
Benchmark
Measure	ACWI	EWZ
What it tracks	MSCI ACWI	MSCI Brazil 25/50 Index
Cost and size
Measure	ACWI	EWZ
Expense ratio	0.32%	0.59%
Net assets	$33.0bn	$10.3bn
Holdings
Measure	ACWI	EWZ
Holdings in common	0%
Top ten holdings, share of the fund	24.9%	57.5%

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

What they share

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

PETROLEO BRASILEIRO PREF SA 0.05% 8.45%

CIA VALE DO RIO DOCE SH 0.04% 8.42%

ITAU UNIBANCO HOLDING PREF SA 0.04% 8.20%

NU HOLDINGS CLASS A 0.04% 8.54%

PETROLEO BRASILEIRO SA PETROBRAS 0.04% 8.07%

B3 BRASIL BOLSA BALCAO SA 0.02% 3.27%

BANCO BRADESCO PREF 0.02% 3.39%

AMBEV SA 0.01% 2.99%

AXIA ENERGIA SA 0.01% 3.08%

BANCO DO BRASIL SA 0.01% 1.23%

BB SEGURIDADE SA 0.01% 1.27%

BCO BTG PACTUAL UNT SA 0.01% 2.94%

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 EWZ

CAIXA SEGURIDADE PARTICIPACOES SA 0.62%

PORTO SEGURO SA 0.39%

ITAU UNIBANCO HOLDING SA 0.35%

BRL/USD 0.00%

Check overlap with more funds →

Side by side

ACWI iShares MSCI ACWI ETF EWZ iShares MSCI Brazil ETF

Where it sits Stock ETF Stock ETF

Issuer iShares iShares

What it is Tracks the MSCI ACWI Tracks the MSCI Brazil

Total return, 1 year +13.4% +13.7%

Expense ratio 0.32% 0.59%

Already in the S&P 500 60.9% 0.0%

Holdings 2197 59

Net assets $33.0bn $10.3bn

ACWI and EWZ 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%.

EWZ

EWZ tracks the MSCI Brazil. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested. The prospectus expense ratio is 0.59% 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 59 positions, with the top ten at 57.5%. It sat 25.4% below its high of May 20, 2008 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, ACWI or EWZ?: In the year to Oct 28, 2026, with distributions reinvested, ACWI returned +13.4% and EWZ +13.7%.
Which is cheaper, ACWI or EWZ?: ACWI is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do ACWI and EWZ overlap with the S&P 500?: By their latest filed holdings, 61% of ACWI and 0% of EWZ by weight is stocks the S&P 500 already holds.

Other comparisons

ACWI vs ILF ACWI vs FENI ACWI vs EZU ACWI vs VPL EWZ vs VT EWZ vs URTH EWZ vs IDEV EWZ vs VGK

Where to next

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

Sources and dates

ACWI filings on SEC EDGAR ↗

ACWI prospectus with the expense ratio (SEC) ↗

iShares page for ACWI ↗

EWZ filings on SEC EDGAR ↗

EWZ prospectus with the expense ratio (SEC) ↗

iShares page for EWZ ↗

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

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