Data as of Oct 28, 2026.
ACWI vs FNDX: Differences, Returns & Fees
Over the year to Oct 28, 2026, ACWI returned +13.4% to FNDX's +23.9%; 46% 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 $27.6bn on Aug 31, 2026 for Schwab Fundamental U.S. Large Company ETF.
Pair scorecard
FNDX costs 0.07 points a year less; their one-year returns differ by 10.5 points.
| Measure | ACWI | FNDX |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.4% | +23.9% |
| Benchmark | ||
| What it tracks | MSCI ACWI | Fundamental U.S. Large Company |
| Cost and size | ||
| Expense ratio | 0.32% | 0.25% |
| Net assets, ACWI as of Oct 28, 2026 and FNDX as of Aug 31, 2026 | $33.0bn | $27.6bn |
| Holdings | ||
| Holdings in common | 46% | |
| Top ten holdings, share of the fund | 24.9% | 21.0% |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method
Risk and return
Aug 23, 2013 to Oct 23, 2026 · 687 weekly returnsFNDX returned more: +418.7% to +285.7%. ACWI and FNDX swung about the same: 15.6% and 15.9%. ACWI fell slightly less at its worst: −32.1% to −35.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | ACWI | FNDX | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +285.7% | +418.7% | FNDX | Price change plus distributions, reinvested. |
| Annualized | +10.8% | +13.3% | FNDX | Total return as a yearly rate. |
| Price return | +199.5% | +298.9% | FNDX | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 15.6% | 15.9% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.0% | 11.2% | ACWI (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −32.1% | −35.2% | ACWI (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.61 | 0.74 | FNDX | Return above Treasury bills per unit of volatility. |
| Sortino | 0.87 | 1.05 | FNDX | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.34 | 0.38 | FNDX | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 687 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, ACWI and FNDX hold 46% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
46% in common
Only in one fund ↓
Side by side
ACWI and FNDX on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
ACWI and FNDX do different jobs. What does each one do in a portfolio?
- What each follows. ACWI follows MSCI ACWI and FNDX follows Fundamental U.S. Large Company.
- Holdings in common. 46% of the weight is in the same securities (holdings dated Oct 27, 2026 and Aug 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 ACWI returned +13.4% and FNDX +23.9% with distributions reinvested, a gap of 10.5 points.
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 +23.9% with distributions reinvested, against +13.1% for its benchmark, the Russell 1000 Index.
FNDX tracks an index of Fundamental U.S. Large Company. The prospectus expense ratio is 0.25% a year. By its holdings filed for Aug 31, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 731 positions, with the top ten at 21.0%.
Questions people ask
- Which returned more over the last year, ACWI or FNDX?
- In the year to Oct 28, 2026, with distributions reinvested, ACWI returned +13.4% and FNDX +23.9%.
- Which is cheaper, ACWI or FNDX?
- FNDX 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.
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 FNDX, data as of Oct 28, 2026. https://etfiq.com/compare/any/acwi-vs-fndx
ETFIQ. (Oct 28, 2026). ACWI against FNDX. Retrieved from https://etfiq.com/compare/any/acwi-vs-fndx
[ACWI against FNDX (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/acwi-vs-fndx)
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