Data as of Oct 28, 2026.
ACWI vs SPMO: Differences, Returns & Fees
Over the year to Oct 28, 2026, ACWI returned +13.4% to SPMO's +18.4%; 21% 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 $22.3bn on Oct 27, 2026 for Invesco S&P 500 Momentum ETF.
Pair scorecard
SPMO costs 0.19 points a year less; their one-year returns differ by 5.0 points; ACWI is 1.5 times larger.
| Measure | ACWI | SPMO |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.4% | +18.4% |
| Drawdown | ||
| Below its high | 10.2%, high on Jun 22, 2026 | |
| Benchmark | ||
| What it tracks | MSCI ACWI | S&P 500 Momentum Index |
| Cost and size | ||
| Expense ratio | 0.32% | 0.13% |
| Net assets, as of Oct 26, 2026 | $32.6bn | $21.9bn |
| Holdings | ||
| Holdings in common | 21% | |
| Top ten holdings, share of the fund | 24.9% | 50.7% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Oct 23, 2015 to Oct 23, 2026 · 574 weekly returnsSPMO returned more: +519.8% to +230.8%. ACWI swung less: 16.2% to 19.0%. SPMO fell less at its worst: −28.3% to −32.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | ACWI | SPMO | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +230.8% | +519.8% | SPMO | Price change plus distributions, reinvested. |
| Annualized | +11.4% | +18.0% | SPMO | Total return as a yearly rate. |
| Price return | +167.9% | +442.9% | SPMO | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.2% | 19.0% | ACWI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.4% | 12.6% | ACWI (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −32.1% | −28.3% | SPMO | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.61 | 0.84 | SPMO | Return above Treasury bills per unit of volatility. |
| Sortino | 0.87 | 1.27 | SPMO | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.36 | 0.63 | SPMO | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 574 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, ACWI and SPMO hold 21% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
21% in common
Only in one fund ↓
Side by side
ACWI and SPMO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
ACWI and SPMO do different jobs. What does each one do in a portfolio?
- What each follows. ACWI follows MSCI ACWI and SPMO follows S&P 500 Momentum Index.
- Holdings in common. 21% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 ACWI returned +13.4% and SPMO +18.4% with distributions reinvested, a gap of 5.0 points.
Data as of Oct 28, 2026.
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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%.
SPMO
SPMO tracks the S&P 500 Momentum. Over the year to Oct 28, 2026 it returned +18.4% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.13% 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 101 positions, with the top ten at 50.7%. It sat 10.2% below its high of Jun 22, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, ACWI or SPMO?
- In the year to Oct 28, 2026, with distributions reinvested, ACWI returned +13.4% and SPMO +18.4%.
- Which is cheaper, ACWI or SPMO?
- SPMO is cheaper, by 0.19 percentage points a year. That is about $19 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, ACWI against SPMO, data as of Oct 28, 2026. https://etfiq.com/compare/any/acwi-vs-spmo
ETFIQ. (Oct 28, 2026). ACWI against SPMO. Retrieved from https://etfiq.com/compare/any/acwi-vs-spmo
[ACWI against SPMO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/acwi-vs-spmo)
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