Data as of Oct 28, 2026.

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ACWI vs RSP: Differences, Returns & Fees

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Over the year to Oct 28, 2026, ACWI returned +13.4% to RSP's +16.0%; 33% 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 $99.8bn on Oct 27, 2026 for Invesco S&P 500 Equal Weight ETF.

At a glance
+13.4%
ACWI total return, 1 year
+16.0%
RSP total return, 1 year
0.32%
ACWI expense ratio
0.20%
RSP expense ratio

Pair scorecard

RSP costs 0.12 points a year less; their one-year returns differ by 2.6 points; RSP is 3.1 times larger.

ACWI vs RSP: Differences, Returns & Fees
MeasureACWIRSP
Return
Total return, 1 year+13.4%+16.0%
Benchmark
What it tracksMSCI ACWIS&P 500 Equal Weight Index
Cost and size
Expense ratio0.32%0.20%
Net assets, as of Oct 26, 2026$32.6bn$99.7bn
Holdings
Holdings in common33%
Top ten holdings, share of the fund24.9%2.7%

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

Risk and return

Apr 4, 2008 to Oct 23, 2026 · 968 weekly returns
ACWI RSP
Return
Total return edge RSP +333.1% +552.4%
Annualized edge RSP +8.2% +10.6%
Price return edge RSP +204.7% +381.2%
Risk
Volatility edge ACWI (slight) 18.5% 20.0%
Max drawdown edge Tie −55.3% −55.4%
Risk-adjusted
Sharpe edge RSP 0.44 0.53
Sortino edge RSP 0.62 0.76
Calmar edge RSP 0.15 0.19
Reading

RSP returned more: +552.4% to +333.1%. ACWI swung slightly less: 18.5% to 20.0%. ACWI and RSP fell about the same at their worst: −55.3% and −55.4%.

Full scorecard

9 measures, with how each is measured
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Risk and return: ACWI vs RSP: Differences, Returns & Fees
MeasureACWIRSPEdgeHow it is measured
Return
Total return+333.1%+552.4%RSPPrice change plus distributions, reinvested.
Annualized+8.2%+10.6%RSPTotal return as a yearly rate.
Price return+204.7%+381.2%RSPPrice change alone, distributions left out.
Risk
Volatility18.5%20.0%ACWI (slight)Spread of weekly returns, annualized. Lower is steadier.
Downside deviation13.2%14.0%ACWI (slight)Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown−55.3%−55.4%TieDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.440.53RSPReturn above Treasury bills per unit of volatility.
Sortino0.620.76RSPReturn above Treasury bills per unit of downside deviation.
Calmar0.150.19RSPAnnualized 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

33%

By the books each fund has filed, ACWI and RSP hold 33% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

33% in common

Positions both hold · largest shared weight first ACWI RSP
CROWDSTRIKE HOLDINGS CLASS A 0.26% 0.25%
PALO ALTO NETWORKS 0.32% 0.24%
TEXAS INSTRUMENT 0.27% 0.23%
PALANTIR TECHNOLOGIES CLASS A 0.42% 0.23%
ABBVIE 0.49% 0.23%
AMGEN INC 0.23% 0.23%
THERMO FISHER SCIENTIFIC 0.25% 0.23%
ELI LILLY 1.00% 0.22%
WALMART 0.51% 0.22%
PROCTER & GAMBLE 0.36% 0.22%
ROCHE PS PAR AG 0.33% 0.22%
TESLA INC 1.14% 0.22%
Only in one fund ↓
Only in ACWI
TAIWAN SEMICONDUCTOR MANUFACTURING 1.77%
SAMSUNG ELECTRONICS LTD 0.76%
ASML HOLDING 0.62%
SK HYNIX 0.55%
SHELL 0.30%
HSBC HOLDINGS PLC 0.29%
TENCENT HOLDINGS 0.29%
NOVARTIS AG 0.28%
Only in RSP
Moderna Inc 0.30%
Hasbro Inc 0.26%
Revvity Inc 0.26%
Gartner Inc 0.26%
Charles River Laboratories International Inc 0.25%
Allegion plc 0.23%
Ralph Lauren Corp 0.23%
Host Hotels & Resorts Inc 0.23%
Check overlap with more funds →

Side by side

ACWI iShares MSCI ACWI ETF RSP Invesco S&P 500 Equal Weight ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the MSCI ACWI Tracks the S&P 500 equal weight
Total return, 1 year +13.4% +16.0%
Its benchmark over the same days not measured +13.7% (IVV)
Gap to its benchmark not measured +2.3 pts vs IVV
Expense ratio 0.32% 0.20%
Already in the S&P 500 60.9% 99.8%
Holdings 2197 508
Net assets, ACWI as of Oct 28, 2026 and RSP as of Oct 27, 2026 $33.0bn $99.8bn

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

Client brief · page 1 of 2 Report BR-4FC28207C2

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

  1. What each follows. ACWI follows MSCI ACWI and RSP follows S&P 500 Equal Weight Index.
  2. Holdings in common. 33% 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 RSP +16.0% with distributions reinvested, a gap of 2.6 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%.

RSP

RSP tracks the S&P 500 equal weight. Over the year to Oct 28, 2026 it returned +16.0% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.20% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 508 positions, with the top ten at 2.7%.

Questions people ask

Which returned more over the last year, ACWI or RSP?
In the year to Oct 28, 2026, with distributions reinvested, ACWI returned +13.4% and RSP +16.0%.
Which is cheaper, ACWI or RSP?
RSP is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do ACWI and RSP overlap with the S&P 500?
By their latest filed holdings, 61% of ACWI and 100% of RSP by weight is stocks the S&P 500 already holds.
Other comparisons
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ETFIQ, ACWI against RSP, data as of Oct 28, 2026. https://etfiq.com/compare/any/acwi-vs-rsp

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