Data as of Oct 28, 2026.

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ACWI vs NOBL: Differences, Returns & Fees

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Over the year to Oct 28, 2026, ACWI returned +13.4% to NOBL's +15.5%; 7% of their weight is in the same names.

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Net assets on Oct 28, 2026: $33.0bn for iShares MSCI ACWI ETF and $11.6bn for ProShares S&P 500 Dividend Aristocrats ETF.

At a glance
+13.4%
ACWI total return, 1 year
+15.5%
NOBL total return, 1 year
0.32%
ACWI expense ratio
0.35%
NOBL expense ratio

Pair scorecard

ACWI costs 0.03 points a year less; their one-year returns differ by 2.1 points; ACWI is 2.8 times larger.

ACWI vs NOBL: Differences, Returns & Fees
MeasureACWINOBL
Return
Total return, 1 year+13.4%+15.5%
Benchmark
What it tracksMSCI ACWIS&P 500 Dividend Aristocrats Index
Cost and size
Expense ratio0.32%0.35%
Net assets$33.0bn$11.6bn
Holdings
Holdings in common7%
Top ten holdings, share of the fund24.9%17.0%

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

Risk and return

Oct 18, 2013 to Oct 23, 2026 · 679 weekly returns
ACWI NOBL
Return
Total return edge Tie +260.4% +264.8%
Annualized edge Tie +10.3% +10.4%
Price return edge Tie +179.9% +179.1%
Risk
Volatility edge Tie 15.7% 15.4%
Max drawdown edge Tie −32.1% −31.7%
Risk-adjusted
Sharpe edge NOBL (slight) 0.58 0.59
Sortino edge NOBL (slight) 0.83 0.84
Calmar edge NOBL (slight) 0.32 0.33
Reading

ACWI and NOBL returned about the same: +260.4% and +264.8%. ACWI and NOBL swung about the same: 15.7% and 15.4%. ACWI and NOBL fell about the same at their worst: −32.1% and −31.7%.

Full scorecard

9 measures, with how each is measured
Open ↓
Risk and return: ACWI vs NOBL: Differences, Returns & Fees
MeasureACWINOBLEdgeHow it is measured
Return
Total return+260.4%+264.8%TiePrice change plus distributions, reinvested.
Annualized+10.3%+10.4%TieTotal return as a yearly rate.
Price return+179.9%+179.1%TiePrice change alone, distributions left out.
Risk
Volatility15.7%15.4%TieSpread of weekly returns, annualized. Lower is steadier.
Downside deviation11.0%10.8%TieLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−32.1%−31.7%TieDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.580.59NOBL (slight)Return above Treasury bills per unit of volatility.
Sortino0.830.84NOBL (slight)Return above Treasury bills per unit of downside deviation.
Calmar0.320.33NOBL (slight)Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 679 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

7%

By the books each fund has filed, ACWI and NOBL hold 7% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

7% in common

Positions both hold · largest shared weight first ACWI NOBL
EXXONMOBIL HOLDINGS CORP 0.73% 1.63%
JOHNSON & JOHNSON 0.63% 1.47%
WALMART 0.51% 1.53%
ABBVIE 0.49% 1.58%
CHEVRON 0.41% 1.66%
PROCTER & GAMBLE 0.36% 1.50%
COCA-COLA 0.34% 1.55%
ROCHE PS PAR AG 0.33% 1.81%
CATERPILLAR INC 0.32% 1.12%
INTERNATIONAL BUSINESS MACHINES CO 0.23% 1.70%
LINDE PLC 0.23% 1.40%
PEPSICO 0.18% 1.38%
Only in one fund ↓
Only in ACWI
APPLE 4.97%
NVIDIA 4.89%
MICROSOFT 3.66%
AMAZON.COM INC 2.39%
ALPHABET CLASS A 1.83%
TAIWAN SEMICONDUCTOR MANUFACTURING 1.77%
BROADCOM INC 1.51%
ALPHABET CLASS C 1.44%
Only in NOBL
FACTSET RESEARCH SYSTEMS INC 1.77%
ERIE INDEMNITY COMPANY-CL A 1.64%
STANLEY BLACK & DECKER INC 1.56%
BROWN-FORMAN CORP-CLASS B 1.51%
JM SMUCKER CO 1.51%
SMITH (A.O.) CORP 1.46%
PENTAIR PLC 1.38%
FRANKLIN TEMPLETON INC 1.35%
Check overlap with more funds →

Side by side

ACWI iShares MSCI ACWI ETF NOBL ProShares S&P 500 Dividend Aristocrats ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the MSCI ACWI Tracks the S&P 500 Dividend Aristocrats
Total return, 1 year +13.4% +15.5%
Expense ratio 0.32% 0.35%
Already in the S&P 500 60.9% 98.3%
Holdings 2197 69
Net assets $33.0bn $11.6bn

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

Client brief · page 1 of 2 Report BR-18E03A5DF5

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

  1. What each follows. ACWI follows MSCI ACWI and NOBL follows S&P 500 Dividend Aristocrats Index.
  2. Holdings in common. 7% 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 NOBL +15.5% with distributions reinvested, a gap of 2.1 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%.

NOBL

NOBL tracks the S&P 500 Dividend Aristocrats. Over the year to Oct 28, 2026 it returned +15.5% with distributions reinvested. The prospectus expense ratio is 0.35% a year. By its holdings published by its issuer for Oct 27, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 69 positions, with the top ten at 17.0%.

Questions people ask

Which returned more over the last year, ACWI or NOBL?
In the year to Oct 28, 2026, with distributions reinvested, ACWI returned +13.4% and NOBL +15.5%.
Which is cheaper, ACWI or NOBL?
ACWI is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do ACWI and NOBL overlap with the S&P 500?
By their latest filed holdings, 61% of ACWI and 98% of NOBL by weight is stocks the S&P 500 already holds.
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ETFIQ, ACWI against NOBL, data as of Oct 28, 2026. https://etfiq.com/compare/any/acwi-vs-nobl

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