Data as of Oct 28, 2026.
ACWI vs IWF: Differences, Returns & Fees
Over the year to Oct 28, 2026, ACWI returned +13.4% to IWF's +0.9%; 39% 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 $124.7bn on Oct 27, 2026 for iShares Russell 1000 Growth ETF.
Pair scorecard
IWF costs 0.14 points a year less; their one-year returns differ by 12.5 points; IWF is 3.8 times larger.
| Measure | ACWI | IWF |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.4% | +0.9% |
| Drawdown | ||
| Below its high | 4.8%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | MSCI ACWI | Russell 1000 Growth Index |
| Cost and size | ||
| Expense ratio | 0.32% | 0.18% |
| Net assets, as of Oct 26, 2026 | $32.6bn | $123.5bn |
| Holdings | ||
| Holdings in common | 39% | |
| Top ten holdings, share of the fund | 24.9% | 57.5% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Apr 4, 2008 to Oct 23, 2026 · 968 weekly returnsIWF returned more: +938.9% to +333.1%. ACWI swung slightly less: 18.5% to 19.4%. IWF fell less at its worst: −47.8% to −55.3%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | ACWI | IWF | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +333.1% | +938.9% | IWF | Price change plus distributions, reinvested. |
| Annualized | +8.2% | +13.4% | IWF | Total return as a yearly rate. |
| Price return | +204.7% | +746.8% | IWF | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 18.5% | 19.4% | ACWI (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.2% | 13.3% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −55.3% | −47.8% | IWF | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.44 | 0.67 | IWF | Return above Treasury bills per unit of volatility. |
| Sortino | 0.62 | 0.98 | IWF | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.15 | 0.28 | IWF | 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 IWF hold 39% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
39% in common
Only in one fund ↓
Side by side
ACWI and IWF on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
ACWI and IWF do different jobs. What does each one do in a portfolio?
- What each follows. ACWI follows MSCI ACWI and IWF follows Russell 1000 Growth Index.
- Holdings in common. 39% 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 IWF +0.9% with distributions reinvested, a gap of 12.5 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%.
IWF
IWF tracks the Russell 1000 growth. Over the year to Oct 28, 2026 it returned +0.9% with distributions reinvested, against +1.1% for its benchmark, the Russell 1000 Growth Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 27, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 374 positions, with the top ten at 57.5%. It sat 4.8% below its high of Oct 6, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, ACWI or IWF?
- In the year to Oct 28, 2026, with distributions reinvested, ACWI returned +13.4% and IWF +0.9%.
- Which is cheaper, ACWI or IWF?
- IWF 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.
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 IWF, data as of Oct 28, 2026. https://etfiq.com/compare/any/acwi-vs-iwf
ETFIQ. (Oct 28, 2026). ACWI against IWF. Retrieved from https://etfiq.com/compare/any/acwi-vs-iwf
[ACWI against IWF (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/acwi-vs-iwf)
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