ACWI vs SPGM: Differences, Returns & Fees

ACWI and SPGM hold 71% of their weight in the same names, and SPGM returned +18.2% over the year. Net assets: $33.3bn on Oct 9, 2026 for iShares MSCI ACWI ETF, and $1.8bn on Oct 8, 2026 for State Street SPDR Portfolio MSCI Global Stock Market ETF.

SPGM costs 0.23 points a year less; their one-year returns differ by 1.0 point; ACWI is 18.3 times larger.

ACWISPGM
Expense ratio0.32%0.09%
Net assets, as of Oct 8, 2026$33.0bn$1.8bn
Total return, 1 year+17.2%+18.2%
What it tracksMSCI ACWInot read by ETFIQ
Holdings in common71%
Top ten holdings, share of the fund25.6%22.7%

Holdings in common uses holdings dated Oct 8, 2026.

+17.2%
ACWI total return, 1 year
+18.2%
SPGM total return, 1 year
0.32%
ACWI expense ratio
0.09%
SPGM expense ratio

What they hold in common

By the books each fund has filed, ACWI and SPGM hold 71% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Oct 8, 2026.

half

71% in common

Positions both hold, largest shared weight first
Holding ACWI SPGM
NVIDIA 5.12% 4.65%
APPLE 4.83% 4.29%
MICROSOFT 3.56% 3.19%
AMAZON.COM INC 2.38% 2.02%
ALPHABET CLASS A 1.97% 1.75%
ALPHABET CLASS C 1.56% 1.46%
BROADCOM INC 1.57% 1.38%
META PLATFORMS CLASS A 1.53% 1.36%
MICRON TECHNOLOGY 1.13% 0.99%
TESLA INC 1.04% 0.91%
JPMORGAN CHASE & CO 0.85% 0.88%
ADVANCED MICRO DEVICES 0.98% 0.84%
Only in ACWI
TAIWAN SEMICONDUCTOR MANUFACTURING 1.90%
SAMSUNG ELECTRONICS LTD 0.88%
MITSUBISHI UFJ FINANCIAL GROUP 0.23%
SUMITOMO MITSUI FINANCIAL GROUP 0.15%
NOVO NORDISK CLASS B 0.12%
SAMSUNG ELECTRONICS NON VOTING PRE 0.12%
HON HAI PRECISION INDUSTRY 0.09%
MARRIOTT INTERNATIONAL CLASS A 0.08%
Only in SPGM
TAIWAN SEMICONDUCTOR SP ADR 1.64%
SAMSUNG ELECTR GDR REG S 0.80%
MITSUBISHI UFJ FINANCIAL GRO 0.24%
HON HAI PRECISION GDR REG S 0.15%
MUENCHENER RUECKVER AG REG 0.12%
ATLAS COPCO AB B SHS 0.12%
RELX PLC 0.11%
NOVO NORDISK A/S B 0.10%

Check overlap with more funds →

On the same fields

ACWI
iShares MSCI ACWI ETF
SPGM
State Street SPDR Portfolio MSCI Global Stock Market ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the MSCI ACWI Tracks an index
Total return, 1 year +17.2% +18.2%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 0.0 pts +0.9 pts
Expense ratio 0.32% 0.09%
Already in the S&P 500 60.9% 58.2%
Holdings 2199 2895
Net assets, ACWI as of Oct 9, 2026 and SPGM as of Oct 8, 2026 $33.3bn $1.8bn

ACWI and SPGM on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

ACWI in plain words

ACWI tracks the MSCI ACWI. Over the year to Oct 9, 2026 it returned +17.2% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.32% a year. By its holdings published by its issuer for Oct 8, 2026, 61% of the fund by weight is stocks the S&P 500 also holds, across 2,199 positions, with the top ten at 25.6%.

SPGM in plain words

SPGM tracks an index. Over the year to Oct 9, 2026 it returned +18.2% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer for Oct 8, 2026, 58% of the fund by weight is stocks the S&P 500 also holds, across 2,895 positions, with the top ten at 22.7%.

Questions people ask

Which returned more over the last year, ACWI or SPGM?
In the year to Oct 9, 2026, with distributions reinvested, ACWI returned +17.2% and SPGM +18.2%.
Which is cheaper, ACWI or SPGM?
SPGM is cheaper, by 0.23 percentage points a year. That is about $23 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do ACWI and SPGM overlap with the S&P 500?
By their latest filed holdings, 61% of ACWI and 58% of SPGM by weight is stocks the S&P 500 already holds.
Cite this pageCitation, APA and Markdown

ETFIQ, ACWI against SPGM, data as of Oct 9, 2026. https://etfiq.com/compare/any/acwi-vs-spgm

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.