Which returned more over the last year, ACWI or XLI?

In the year to Oct 28, 2026, with distributions reinvested, ACWI returned +13.4% and XLI +10.2%.

Which is cheaper, ACWI or XLI?

XLI is cheaper, by 0.24 percentage points a year. That is about $24 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do ACWI and XLI overlap with the S&P 500?

By their latest filed holdings, 61% of ACWI and 100% of XLI by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

ACWI vs XLI: Differences, Returns & Fees

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Over the year to Oct 28, 2026, ACWI returned +13.4% to XLI's +10.2%; 5% 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 $30.8bn on Oct 27, 2026 for State Street Industrial Select Sector SPDR ETF.

ACWI on its own →XLI on its own →

At a glance

+13.4%

ACWI total return, 1 year

+10.2%

XLI total return, 1 year

0.32%

ACWI expense ratio

0.08%

XLI expense ratio

Pair scorecard

XLI costs 0.24 points a year less; their one-year returns differ by 3.2 points; ACWI is 1.1 times larger.

ACWI vs XLI: Differences, Returns & Fees
Measure	ACWI	XLI
Return
Measure	ACWI	XLI
Total return, 1 year	+13.4%	+10.2%
Drawdown
Measure	ACWI	XLI
Below its high		9.4%, high on Aug 14, 2026
Benchmark
Measure	ACWI	XLI
What it tracks	MSCI ACWI	Industrial Select Sector Index
Cost and size
Measure	ACWI	XLI
Expense ratio	0.32%	0.08%
Net assets, as of Oct 26, 2026	$32.6bn	$30.5bn
Holdings
Measure	ACWI	XLI
Holdings in common	5%
Top ten holdings, share of the fund	24.9%	37.8%

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

What they share

By the books each fund has filed, ACWI and XLI hold 5% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

5% in common

Positions both hold · largest shared weight first ACWI XLI

CATERPILLAR INC 0.32% 6.14%

GE AEROSPACE 0.30% 5.79%

RTX 0.25% 4.91%

GE VERNOVA 0.23% 4.47%

UNION PACIFIC 0.17% 3.34%

DEERE 0.15% 3.01%

EATON PLC 0.15% 2.79%

LOCKHEED MARTIN 0.13% 2.37%

BOEING 0.12% 2.49%

AUTOMATIC DATA PROCESSING INC 0.11% 2.18%

PARKER-HANNIFIN 0.11% 2.13%

UBER TECHNOLOGIES 0.11% 2.52%

Only in one fund ↓

Only in ACWI

APPLE 4.97%

NVIDIA 4.89%

MICROSOFT 3.66%

AMAZON.COM INC 2.39%

ALPHABET CLASS A 1.83%

TAIWAN SEMICONDUCTOR MANUFACTURING 1.77%

BROADCOM INC 1.51%

ALPHABET CLASS C 1.44%

Only in XLI

INGERSOLL RAND INC 0.49%

SOUTHWEST AIRLINES CO 0.40%

ALLEGION PLC 0.29%

STANLEY BLACK + DECKER INC 0.28%

GENERAC HOLDINGS INC 0.21%

HUNTINGTON INGALLS INDUSTRIE 0.21%

PENTAIR PLC 0.19%

SMITH (A.O.) CORP 0.13%

Check overlap with more funds →

Side by side

ACWI iShares MSCI ACWI ETF XLI State Street Industrial Select Sector SPDR ETF

Where it sits Stock ETF Stock ETF

Issuer iShares State Street

What it is Tracks the MSCI ACWI Tracks an index of Industrials

Total return, 1 year +13.4% +10.2%

Its benchmark over the same days not measured +13.6% (SPY)

Gap to its benchmark not measured −3.4 pts vs SPY

Expense ratio 0.32% 0.08%

Already in the S&P 500 60.9% 99.9%

Holdings 2197 84

Net assets, ACWI as of Oct 28, 2026 and XLI as of Oct 27, 2026 $33.0bn $30.8bn

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

Alert

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%.

XLI

XLI tracks an index of Industrials. Over the year to Oct 28, 2026 it returned +10.2% with distributions reinvested, against +13.6% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.08% 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 84 positions, with the top ten at 37.8%. It sat 9.4% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, ACWI or XLI?: In the year to Oct 28, 2026, with distributions reinvested, ACWI returned +13.4% and XLI +10.2%.
Which is cheaper, ACWI or XLI?: XLI is cheaper, by 0.24 percentage points a year. That is about $24 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do ACWI and XLI overlap with the S&P 500?: By their latest filed holdings, 61% of ACWI and 100% of XLI by weight is stocks the S&P 500 already holds.

Other comparisons

ACWI vs XLF ACWI vs XLB ACWI vs XHB ACWI vs XRT VT vs XLI URTH vs XLI IDEV vs XLI VGK vs XLI

Where to next

ACWI on its own →XLI on its own →Hold both: look the portfolio through →Rankings →ACWI dividend history →ACWI holdings →XLI dividend history →XLI holdings →Standards and sources →

Sources and dates

ACWI filings on SEC EDGAR ↗

ACWI prospectus with the expense ratio (SEC) ↗

iShares page for ACWI ↗

XLI filings on SEC EDGAR ↗

XLI prospectus with the expense ratio (SEC) ↗

State Street website ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, ACWI against XLI, data as of Oct 28, 2026. https://etfiq.com/compare/any/acwi-vs-xli

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