Data as of Oct 28, 2026.
ACWI vs IWD: Differences, Returns & Fees
Over the year to Oct 28, 2026, ACWI returned +13.4% to IWD's +27.5%; 41% 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 $83.0bn on Oct 27, 2026 for iShares Russell 1000 Value ETF.
Pair scorecard
IWD costs 0.14 points a year less; their one-year returns differ by 14.1 points; IWD is 2.6 times larger.
| Measure | ACWI | IWD |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.4% | +27.5% |
| Benchmark | ||
| What it tracks | MSCI ACWI | Russell 1000 Value Index |
| Cost and size | ||
| Expense ratio | 0.32% | 0.18% |
| Net assets, as of Oct 26, 2026 | $32.6bn | $84.8bn |
| Holdings | ||
| Holdings in common | 41% | |
| Top ten holdings, share of the fund | 24.9% | 29.6% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Apr 4, 2008 to Oct 23, 2026 · 968 weekly returnsIWD returned more: +415.0% to +333.1%. ACWI and IWD swung about the same: 18.5% and 18.8%. ACWI and IWD fell about the same at their worst: −55.3% and −55.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | ACWI | IWD | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +333.1% | +415.0% | IWD | Price change plus distributions, reinvested. |
| Annualized | +8.2% | +9.2% | IWD | Total return as a yearly rate. |
| Price return | +204.7% | +240.3% | IWD | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 18.5% | 18.8% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.2% | 13.5% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −55.3% | −55.1% | Tie | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.44 | 0.49 | IWD (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.62 | 0.68 | IWD (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.15 | 0.17 | IWD | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 968 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, ACWI and IWD hold 41% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
41% in common
Only in one fund ↓
Side by side
ACWI and IWD on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
ACWI and IWD do different jobs. What does each one do in a portfolio?
- What each follows. ACWI follows MSCI ACWI and IWD follows Russell 1000 Value Index.
- Holdings in common. 41% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 ACWI returned +13.4% and IWD +27.5% with distributions reinvested, a gap of 14.1 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%.
IWD
IWD tracks the Russell 1000 value. Over the year to Oct 28, 2026 it returned +27.5% with distributions reinvested, against +27.7% for its benchmark, the Russell 1000 Value Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 27, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 871 positions, with the top ten at 29.6%.
Questions people ask
- Which returned more over the last year, ACWI or IWD?
- In the year to Oct 28, 2026, with distributions reinvested, ACWI returned +13.4% and IWD +27.5%.
- Which is cheaper, ACWI or IWD?
- IWD is cheaper, by 0.14 percentage points a year. That is about $14 on $10,000 held for a year. Fees come from each fund's prospectus.
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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 IWD, data as of Oct 28, 2026. https://etfiq.com/compare/any/acwi-vs-iwd
ETFIQ. (Oct 28, 2026). ACWI against IWD. Retrieved from https://etfiq.com/compare/any/acwi-vs-iwd
[ACWI against IWD (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/acwi-vs-iwd)
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