Data as of Oct 28, 2026.

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ACWI vs SCHG: Differences, Returns & Fees

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Over the year to Oct 28, 2026, ACWI returned +13.4% to SCHG's +6.8%; 35% 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 $63.0bn on Aug 31, 2026 for Schwab U.S. Large-Cap Growth ETF.

At a glance
+13.4%
ACWI total return, 1 year
+6.8%
SCHG total return, 1 year
0.32%
ACWI expense ratio
0.04%
SCHG expense ratio

Pair scorecard

SCHG costs 0.28 points a year less; their one-year returns differ by 6.6 points.

ACWI vs SCHG: Differences, Returns & Fees
MeasureACWISCHG
Return
Total return, 1 year+13.4%+6.8%
Drawdown
Below its high3.5%, high on Oct 6, 2026
Benchmark
What it tracksMSCI ACWIDow Jones U.S. Large-Cap Growth Total Stock Market Index
Cost and size
Expense ratio0.32%0.04%
Net assets, ACWI as of Oct 28, 2026 and SCHG as of Aug 31, 2026$33.0bn$63.0bn
Holdings
Holdings in common35%
Top ten holdings, share of the fund24.9%51.0%

Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method

Risk and return

Dec 18, 2009 to Oct 23, 2026 · 879 weekly returns
ACWI SCHG
Return
Total return edge SCHG +424.9% +1,156.7%
Annualized edge SCHG +10.3% +16.2%
Price return edge SCHG +274.6% +988.8%
Risk
Volatility edge ACWI 16.2% 18.5%
Max drawdown edge ACWI (slight) −32.1% −34.2%
Risk-adjusted
Sharpe edge SCHG 0.59 0.82
Sortino edge SCHG 0.85 1.22
Calmar edge SCHG 0.32 0.47
Reading

SCHG returned more: +1,156.7% to +424.9%. ACWI swung less: 16.2% to 18.5%. ACWI fell slightly less at its worst: −32.1% to −34.2%.

Full scorecard

9 measures, with how each is measured
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Risk and return: ACWI vs SCHG: Differences, Returns & Fees
MeasureACWISCHGEdgeHow it is measured
Return
Total return+424.9%+1,156.7%SCHGPrice change plus distributions, reinvested.
Annualized+10.3%+16.2%SCHGTotal return as a yearly rate.
Price return+274.6%+988.8%SCHGPrice change alone, distributions left out.
Risk
Volatility16.2%18.5%ACWISpread of weekly returns, annualized. Lower is steadier.
Downside deviation11.4%12.5%ACWI (slight)Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown−32.1%−34.2%ACWI (slight)Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.590.82SCHGReturn above Treasury bills per unit of volatility.
Sortino0.851.22SCHGReturn above Treasury bills per unit of downside deviation.
Calmar0.320.47SCHGAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 879 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

35%

By the books each fund has filed, ACWI and SCHG hold 35% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.

0 half 100%

half

35% in common

Positions both hold · largest shared weight first ACWI SCHG
APPLE 4.97% 9.29%
NVIDIA 4.89% 10.67%
MICROSOFT 3.66% 7.52%
AMAZON.COM INC 2.39% 5.07%
ALPHABET CLASS A 1.83% 3.97%
BROADCOM INC 1.51% 3.50%
ALPHABET CLASS C 1.44% 3.16%
META PLATFORMS CLASS A 1.33% 2.51%
TESLA INC 1.14% 2.37%
ELI LILLY 1.00% 2.93%
ADVANCED MICRO DEVICES 0.89% 2.37%
VISA CLASS A 0.65% 2.43%
Only in one fund ↓
Only in ACWI
TAIWAN SEMICONDUCTOR MANUFACTURING 1.77%
MICRON TECHNOLOGY 1.02%
JPMORGAN CHASE & CO 0.87%
SAMSUNG ELECTRONICS LTD 0.76%
BERKSHIRE HATHAWAY INC CLASS B 0.75%
EXXONMOBIL HOLDINGS CORP 0.73%
JOHNSON & JOHNSON 0.63%
ASML HOLDING 0.62%
Only in SCHG
General Electric Co 1.35%
Equinix Inc 0.40%
KKR & Co Inc 0.29%
Moody's Corp 0.29%
Marriott International Inc 0.29%
O'Reilly Automotive Inc 0.28%
Baker Hughes a GE Co LLC 0.24%
Moderna Inc 0.19%
Check overlap with more funds →

Side by side

ACWI iShares MSCI ACWI ETF SCHG Schwab U.S. Large-Cap Growth ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the MSCI ACWI Tracks an index of U.S. Large-Cap Growth
Total return, 1 year +13.4% +6.8%
Its benchmark over the same days not measured +13.7% (IVV)
Gap to its benchmark not measured −6.9 pts vs IVV
Expense ratio 0.32% 0.04%
Already in the S&P 500 60.9% 94.7%
Holdings 2197 192
Net assets, ACWI as of Oct 28, 2026 and SCHG as of Aug 31, 2026 $33.0bn $63.0bn

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

Client brief · page 1 of 2 Report BR-CEF8F3410E

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

  1. What each follows. ACWI follows MSCI ACWI and SCHG follows Dow Jones U.S. Large-Cap Growth Total Stock Market Index.
  2. Holdings in common. 35% of the weight is in the same securities (holdings dated Oct 27, 2026 and Aug 31, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 ACWI returned +13.4% and SCHG +6.8% with distributions reinvested, a gap of 6.6 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%.

SCHG

SCHG tracks an index of U.S. Large-Cap Growth. Over the year to Oct 28, 2026 it returned +6.8% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.04% a year. By its holdings filed for Aug 31, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 192 positions, with the top ten at 51.0%. It sat 3.5% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, ACWI or SCHG?
In the year to Oct 28, 2026, with distributions reinvested, ACWI returned +13.4% and SCHG +6.8%.
Which is cheaper, ACWI or SCHG?
SCHG is cheaper, by 0.28 percentage points a year. That is about $28 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do ACWI and SCHG overlap with the S&P 500?
By their latest filed holdings, 61% of ACWI and 95% of SCHG by weight is stocks the S&P 500 already holds.
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ETFIQ, ACWI against SCHG, data as of Oct 28, 2026. https://etfiq.com/compare/any/acwi-vs-schg

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