Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
ACWI vs FXI: how they differ
ACWI and FXI hold 2% of their weight in the same names, and ACWI returned more over the year.
iShares MSCI ACWI ETF and iShares China Large-Cap ETF.
What they hold in common
By the books each fund has filed, ACWI and FXI hold 2% of their money in the same securities at the same weight.
| Holding | ACWI | FXI |
|---|---|---|
| TENCENT HOLDINGS | 0.32% | 8.34% |
| ALIBABA GROUP HOLDING | 0.22% | 9.14% |
| CHINA CONSTRUCTION BANK CORP H | 0.10% | 9.88% |
| BLK CSH FND TREASURY SL AGENCY | 0.10% | 0.08% |
| INDUSTRIAL AND COMMERCIAL BANK OF | 0.06% | 6.56% |
| XIAOMI | 0.06% | 4.83% |
| BANK OF CHINA LTD H | 0.05% | 4.32% |
| MEITUAN | 0.05% | 4.36% |
| NETEASE | 0.04% | 3.56% |
| PING AN INSURANCE (GROUP) CO OF CH | 0.04% | 3.80% |
| BYD H | 0.03% | 3.14% |
| CHINA LIFE INSURANCE LTD H | 0.03% | 2.41% |
| Only in ACWI | Only in FXI |
|---|---|
| NVIDIA 4.89% | MIDEA GROUP CLASS H 0.65% |
| APPLE 4.67% | NEW CHINA LIFE INSURANCE COMPANY L 0.50% |
| MICROSOFT 3.38% | GUOTAI HAITONG SECURITIES CO LTD H 0.49% |
| AMAZON.COM INC 2.38% | COSCO SHIPPING HOLDINGS LTD H 0.43% |
| ALPHABET CLASS A 1.90% | CITIC SECURITIES COMPANY H 0.37% |
| TAIWAN SEMICONDUCTOR MANUFACTURING 1.86% | JIANGSU HENGRUI PHARMACEUTICALS LT 0.11% |
| BROADCOM INC 1.59% | GIGADEVICE SEMICONDUCTOR INC CLASS 0.10% |
| ALPHABET CLASS C 1.50% | CHINA EVERBRIGHT BANK LTD H 0.09% |
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 | FXI iShares China Large-Cap ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | MSCI ACWI | China Large-Cap |
| Total return, 1 year | +19.1% | −13.8% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +1.6 pts | −31.3 pts |
| Expense ratio | 0.32% | 0.73% |
| Already in the S&P 500 | 61.4% | 0.0% |
| Holdings | 1630 | 53 |
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%.
FXI in plain words
FXI is an index equity fund tracking the China Large-Cap. Over the year to Sep 11, 2026 it returned −13.8% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.73% 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 53 positions, with the top ten at 57.9%. It sat 28.5% below its high of Feb 17, 2021 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, ACWI or FXI?
- In the year to Sep 13, 2026, with distributions reinvested, ACWI returned +19.1% and FXI returned −13.8%, so ACWI returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, ACWI or FXI?
- ACWI charges 0.32% a year and FXI charges 0.73%, so ACWI is cheaper. Fees come from each fund's prospectus.
- How much do ACWI and FXI overlap with the S&P 500?
- By their latest filed holdings, 61% of ACWI and 0% of FXI by weight is stocks the S&P 500 already holds. Between the two funds, 2% 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 FXI, data as of Sep 13, 2026. https://etfiq.com/compare/any/acwi-vs-fxi Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources