Data as of Oct 28, 2026.

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ACWI vs IYW: Differences, Returns & Fees

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Over the year to Oct 28, 2026, ACWI returned +13.4% to IYW's +23.2%; 28% 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 $25.0bn on Oct 27, 2026 for iShares U.S. Technology ETF.

At a glance
+13.4%
ACWI total return, 1 year
+23.2%
IYW total return, 1 year
0.32%
ACWI expense ratio
0.37%
IYW expense ratio

Pair scorecard

ACWI costs 0.05 points a year less; their one-year returns differ by 9.8 points; ACWI is 1.3 times larger.

ACWI vs IYW: Differences, Returns & Fees
MeasureACWIIYW
Return
Total return, 1 year+13.4%+23.2%
Drawdown
Below its high5.5%, high on Oct 6, 2026
Benchmark
What it tracksMSCI ACWIRussell 1000 Technology RIC 22
Cost and size
Expense ratio0.32%0.37%
Net assets, as of Oct 26, 2026$32.6bn$24.6bn
Holdings
Holdings in common28%
Top ten holdings, share of the fund24.9%65.1%

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

Risk and return

Apr 4, 2008 to Oct 23, 2026 · 968 weekly returns
ACWI IYW
Return
Total return edge IYW +333.1% +1,984.9%
Annualized edge IYW +8.2% +17.7%
Price return edge IYW +204.7% +1,735.3%
Risk
Volatility edge ACWI 18.5% 22.2%
Max drawdown edge IYW −55.3% −47.3%
Risk-adjusted
Sharpe edge IYW 0.44 0.78
Sortino edge IYW 0.62 1.17
Calmar edge IYW 0.15 0.37
Reading

IYW returned more: +1,984.9% to +333.1%. ACWI swung less: 18.5% to 22.2%. IYW fell less at its worst: −47.3% to −55.3%.

Full scorecard

9 measures, with how each is measured
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Risk and return: ACWI vs IYW: Differences, Returns & Fees
MeasureACWIIYWEdgeHow it is measured
Return
Total return+333.1%+1,984.9%IYWPrice change plus distributions, reinvested.
Annualized+8.2%+17.7%IYWTotal return as a yearly rate.
Price return+204.7%+1,735.3%IYWPrice change alone, distributions left out.
Risk
Volatility18.5%22.2%ACWISpread of weekly returns, annualized. Lower is steadier.
Downside deviation13.2%14.8%ACWILike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−55.3%−47.3%IYWDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.440.78IYWReturn above Treasury bills per unit of volatility.
Sortino0.621.17IYWReturn above Treasury bills per unit of downside deviation.
Calmar0.150.37IYWAnnualized 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

28%

By the books each fund has filed, ACWI and IYW hold 28% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

28% in common

Positions both hold · largest shared weight first ACWI IYW
APPLE 4.97% 16.60%
NVIDIA 4.89% 16.81%
MICROSOFT 3.66% 13.07%
ALPHABET CLASS A 1.83% 2.38%
BROADCOM INC 1.51% 3.14%
ALPHABET CLASS C 1.44% 1.92%
META PLATFORMS CLASS A 1.33% 3.02%
MICRON TECHNOLOGY 1.02% 2.73%
ADVANCED MICRO DEVICES 0.89% 3.04%
PALANTIR TECHNOLOGIES CLASS A 0.42% 2.18%
INTEL CORPORATION 0.40% 2.12%
PALO ALTO NETWORKS 0.32% 1.60%
Only in one fund ↓
Only in ACWI
AMAZON.COM INC 2.39%
TAIWAN SEMICONDUCTOR MANUFACTURING 1.77%
TESLA INC 1.14%
ELI LILLY 1.00%
JPMORGAN CHASE & CO 0.87%
SAMSUNG ELECTRONICS LTD 0.76%
BERKSHIRE HATHAWAY INC CLASS B 0.75%
EXXONMOBIL HOLDINGS CORP 0.73%
Only in IYW
RUBRIK CLASS A 0.10%
TD SYNNEX 0.10%
DYNATRACE INC 0.09%
MACOM TECHNOLOGY SOLUTIONS 0.09%
NUTANIX CLASS A 0.09%
DOCUSIGN 0.08%
TYLER TECHNOLOGIES 0.08%
AKAMAI TECHNOLOGIES INC 0.07%
Check overlap with more funds →

Side by side

ACWI iShares MSCI ACWI ETF IYW iShares U.S. Technology ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the MSCI ACWI Tracks an index of U.S. Technology
Total return, 1 year +13.4% +23.2%
Its benchmark over the same days not measured +13.1% (IWB)
Gap to its benchmark not measured +10.1 pts vs IWB
Expense ratio 0.32% 0.37%
Already in the S&P 500 60.9% 94.3%
Holdings 2197 150
Net assets, ACWI as of Oct 28, 2026 and IYW as of Oct 27, 2026 $33.0bn $25.0bn

ACWI and IYW on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-7AFFCD2CFA

ACWI and IYW do different jobs. What does each one do in a portfolio?

  1. What each follows. ACWI follows MSCI ACWI and IYW follows Russell 1000 Technology RIC 22.
  2. Holdings in common. 28% of the weight is in the same securities (holdings dated Oct 27, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 ACWI returned +13.4% and IYW +23.2% with distributions reinvested, a gap of 9.8 points.

Data as of Oct 28, 2026.

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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%.

IYW

IYW tracks an index of U.S. Technology. Over the year to Oct 28, 2026 it returned +23.2% with distributions reinvested, against +13.1% for its benchmark, the Russell 1000 Index. The prospectus expense ratio is 0.37% 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 150 positions, with the top ten at 65.1%. It sat 5.5% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, ACWI or IYW?
In the year to Oct 28, 2026, with distributions reinvested, ACWI returned +13.4% and IYW +23.2%.
Which is cheaper, ACWI or IYW?
ACWI is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do ACWI and IYW overlap with the S&P 500?
By their latest filed holdings, 61% of ACWI and 94% of IYW by weight is stocks the S&P 500 already holds.
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ETFIQ, ACWI against IYW, data as of Oct 28, 2026. https://etfiq.com/compare/any/acwi-vs-iyw

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