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

In the year to Oct 28, 2026, with distributions reinvested, ACWI returned +13.4% and FENI +14.2%.

Which is cheaper, ACWI or FENI?

FENI is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.

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

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

Data as of Oct 28, 2026.

Across categories

ACWI vs FENI: Differences, Returns & Fees

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Over the year to Oct 28, 2026, ACWI returned +13.4% to FENI's +14.2%; 11% 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 $11.5bn on Sep 30, 2026 for Fidelity Enhanced International ETF.

ACWI on its own →FENI on its own →

At a glance

+13.4%

ACWI total return, 1 year

+14.2%

FENI total return, 1 year

0.32%

ACWI expense ratio

0.28%

FENI expense ratio

Pair scorecard

FENI costs 0.04 points a year less; their one-year returns differ by 0.8 points; ACWI is 2.9 times larger.

ACWI vs FENI: Differences, Returns & Fees
Measure	ACWI	FENI
Return
Measure	ACWI	FENI
Total return, 1 year	+13.4%	+14.2%
Drawdown
Measure	ACWI	FENI
Below its high		4.7%, high on Aug 13, 2026
Benchmark
Measure	ACWI	FENI
What it tracks	MSCI ACWI	No index, actively managed
Cost and size
Measure	ACWI	FENI
Expense ratio	0.32%	0.28%
Net assets, as of Sep 30, 2026	$32.8bn	$11.5bn
Holdings
Measure	ACWI	FENI
Holdings in common	11%
Top ten holdings, share of the fund	24.9%	16.5%

Holdings in common uses holdings dated Jun 30, 2026 and Oct 27, 2026. Method

What they share

11%

By the books each fund has filed, ACWI and FENI hold 11% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 27, 2026.

50%

0 half 100%

half

11% in common

Positions both hold · largest shared weight first ACWI FENI

ASML HOLDING 0.62% 4.05%

SHELL 0.30% 0.99%

HSBC HOLDINGS PLC 0.29% 1.31%

NOVARTIS AG 0.28% 0.92%

ASTRAZENECA PLC 0.25% 0.81%

NESTLE SA 0.25% 1.74%

SAP 0.23% 0.24%

MITSUBISHI UFJ FINANCIAL GROUP 0.22% 0.73%

BHP GROUP LTD 0.20% 1.19%

ALLIANZ 0.18% 0.30%

BANCO SANTANDER 0.18% 0.88%

TOTALENERGIES 0.18% 0.64%

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 FENI

SIEMENS ENERGY AG 1.19%

INTESA SANPAOLO SPA 0.93%

DEUTSCHE TELEKOM AG 0.87%

PROSUS NV 0.73%

INVESTOR AB 0.68%

DANSKE BANK A/S 0.66%

UNICREDIT SPA 0.64%

SEA LTD 0.59%

Check overlap with more funds →

Side by side

ACWI iShares MSCI ACWI ETF FENI Fidelity Enhanced International ETF

Where it sits Stock ETF Stock ETF

Issuer iShares Fidelity

What it is Tracks the MSCI ACWI Actively managed

Total return, 1 year +13.4% +14.2%

Its benchmark over the same days not measured +12.1% (EFA)

Gap to its benchmark not measured +2.1 pts vs EFA

Expense ratio 0.32% 0.28%

Already in the S&P 500 60.9% 0.0%

Holdings 2197 386

Net assets, ACWI as of Oct 28, 2026 and FENI as of Sep 30, 2026 $33.0bn $11.5bn

ACWI and FENI 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%.

FENI

FENI is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +14.2% with distributions reinvested, against +12.1% for its benchmark, the MSCI EAFE Index. The prospectus expense ratio is 0.28% a year. By its holdings filed for Jun 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 386 positions, with the top ten at 16.5%. It sat 4.7% below its high of Aug 13, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, ACWI or FENI?: In the year to Oct 28, 2026, with distributions reinvested, ACWI returned +13.4% and FENI +14.2%.
Which is cheaper, ACWI or FENI?: FENI is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do ACWI and FENI overlap with the S&P 500?: By their latest filed holdings, 61% of ACWI and 0% of FENI by weight is stocks the S&P 500 already holds.

Other comparisons

ACWI vs ACWX ACWI vs IDEV ACWI vs IXUS ACWI vs VEU FENI vs VT FENI vs URTH FENI vs IDEV FENI vs VGK

Where to next

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

Sources and dates

ACWI filings on SEC EDGAR ↗

ACWI prospectus with the expense ratio (SEC) ↗

iShares page for ACWI ↗

FENI filings on SEC EDGAR ↗

FENI prospectus with the expense ratio (SEC) ↗

Fidelity website ↗

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

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