Data as of Oct 28, 2026.

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ACWI vs SPYG: Differences, Returns & Fees

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Over the year to Oct 28, 2026, ACWI returned +13.4% to SPYG's +12.2%; 43% 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 $55.9bn on Oct 27, 2026 for State Street SPDR Portfolio S&P 500 Growth ETF.

At a glance
+13.4%
ACWI total return, 1 year
+12.2%
SPYG total return, 1 year
0.32%
ACWI expense ratio
0.04%
SPYG expense ratio

Pair scorecard

SPYG costs 0.28 points a year less; their one-year returns differ by 1.2 points; SPYG is 1.7 times larger.

ACWI vs SPYG: Differences, Returns & Fees
MeasureACWISPYG
Return
Total return, 1 year+13.4%+12.2%
Drawdown
Below its high4.1%, high on Oct 6, 2026
Benchmark
What it tracksMSCI ACWIS&P 500 Growth Index
Cost and size
Expense ratio0.32%0.04%
Net assets, as of Oct 26, 2026$32.6bn$55.3bn
Holdings
Holdings in common43%
Top ten holdings, share of the fund24.9%59.6%

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

Risk and return

Apr 4, 2008 to Oct 23, 2026 · 968 weekly returns
ACWI SPYG
Return
Total return edge SPYG +333.1% +975.9%
Annualized edge SPYG +8.2% +13.6%
Price return edge SPYG +204.7% +759.3%
Risk
Volatility edge ACWI (slight) 18.5% 19.4%
Max drawdown edge SPYG −55.3% −48.8%
Risk-adjusted
Sharpe edge SPYG 0.44 0.68
Sortino edge SPYG 0.62 0.99
Calmar edge SPYG 0.15 0.28
Reading

SPYG returned more: +975.9% to +333.1%. ACWI swung slightly less: 18.5% to 19.4%. SPYG fell less at its worst: −48.8% to −55.3%.

Full scorecard

9 measures, with how each is measured
Open ↓
Risk and return: ACWI vs SPYG: Differences, Returns & Fees
MeasureACWISPYGEdgeHow it is measured
Return
Total return+333.1%+975.9%SPYGPrice change plus distributions, reinvested.
Annualized+8.2%+13.6%SPYGTotal return as a yearly rate.
Price return+204.7%+759.3%SPYGPrice change alone, distributions left out.
Risk
Volatility18.5%19.4%ACWI (slight)Spread of weekly returns, annualized. Lower is steadier.
Downside deviation13.2%13.4%TieLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−55.3%−48.8%SPYGDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.440.68SPYGReturn above Treasury bills per unit of volatility.
Sortino0.620.99SPYGReturn above Treasury bills per unit of downside deviation.
Calmar0.150.28SPYGAnnualized 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

43%

By the books each fund has filed, ACWI and SPYG hold 43% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

43% in common

Positions both hold · largest shared weight first ACWI SPYG
APPLE 4.97% 7.01%
NVIDIA 4.89% 14.61%
MICROSOFT 3.66% 10.93%
AMAZON.COM INC 2.39% 3.65%
ALPHABET CLASS A 1.83% 5.21%
BROADCOM INC 1.51% 4.51%
ALPHABET CLASS C 1.44% 4.17%
META PLATFORMS CLASS A 1.33% 3.79%
TESLA INC 1.14% 1.97%
MICRON TECHNOLOGY 1.02% 2.90%
ELI LILLY 1.00% 2.84%
ADVANCED MICRO DEVICES 0.89% 2.53%
Only in one fund ↓
Only in ACWI
TAIWAN SEMICONDUCTOR MANUFACTURING 1.77%
SAMSUNG ELECTRONICS LTD 0.76%
EXXONMOBIL HOLDINGS CORP 0.73%
ASML HOLDING 0.62%
SK HYNIX 0.55%
WALMART 0.51%
COSTCO WHOLESALE CORP 0.43%
CHEVRON 0.41%
Only in SPYG
RALPH LAUREN CORP 0.04%
INSULET CORP 0.03%
TKO GROUP HOLDINGS INC 0.03%
ALLEGION PLC 0.02%
WYNN RESORTS LTD 0.01%
NORWEGIAN CRUISE LINE HOLDIN 0.01%
Check overlap with more funds →

Side by side

ACWI iShares MSCI ACWI ETF SPYG State Street SPDR Portfolio S&P 500 Growth ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the MSCI ACWI Tracks the S&P 500 Growth
Total return, 1 year +13.4% +12.2%
Its benchmark over the same days not measured +12.1% (IVW)
Gap to its benchmark not measured +0.1 pts vs IVW
Expense ratio 0.32% 0.04%
Already in the S&P 500 60.9% 100.0%
Holdings 2197 152
Net assets, ACWI as of Oct 28, 2026 and SPYG as of Oct 27, 2026 $33.0bn $55.9bn

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

Client brief · page 1 of 2 Report BR-79710B2A0F

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

  1. What each follows. ACWI follows MSCI ACWI and SPYG follows S&P 500 Growth Index.
  2. Holdings in common. 43% of the weight is in the same securities (holdings dated Oct 27, 2026).
  3. Number of holdings. ACWI holds 2,197 positions and SPYG holds 152.

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%.

SPYG

SPYG tracks the S&P 500 Growth. Over the year to Oct 28, 2026 it returned +12.2% with distributions reinvested, against +12.1% for its benchmark, the S&P 500 Growth Index. The prospectus expense ratio is 0.04% 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 152 positions, with the top ten at 59.6%. It sat 4.1% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, ACWI or SPYG?
In the year to Oct 28, 2026, with distributions reinvested, ACWI returned +13.4% and SPYG +12.2%.
Which is cheaper, ACWI or SPYG?
SPYG 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 SPYG overlap with the S&P 500?
By their latest filed holdings, 61% of ACWI and 100% of SPYG by weight is stocks the S&P 500 already holds.
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ETFIQ, ACWI against SPYG, data as of Oct 28, 2026. https://etfiq.com/compare/any/acwi-vs-spyg

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