Data as of Oct 28, 2026.

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ACWX vs AVEM: Differences, Returns & Fees

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Over the year to Oct 28, 2026, ACWX returned +14.3% to AVEM's +17.9%; 5% of their weight is in the same names.

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Net assets on Oct 27, 2026: $17.9bn for iShares MSCI ACWI ex U.S. ETF and $27.3bn for Avantis Emerging Markets Equity ETF.

At a glance
+14.3%
ACWX total return, 1 year
+17.9%
AVEM total return, 1 year
0.32%
ACWX expense ratio
0.33%
AVEM expense ratio

Pair scorecard

ACWX costs 0.01 points a year less; their one-year returns differ by 3.6 points; AVEM is 1.5 times larger.

ACWX vs AVEM: Differences, Returns & Fees
MeasureACWXAVEM
Return
Total return, 1 year+14.3%+17.9%
Drawdown
Below its high4.9%, high on Sep 4, 202610.2%, high on Jun 22, 2026
Benchmark
What it tracksMSCI ACWI ex USA IndexNo index, actively managed
Cost and size
Expense ratio0.32%0.33%
Net assets, as of Oct 27, 2026$17.9bn$27.3bn
Holdings
Holdings in common5%
Top ten holdings, share of the fund15.6%28.7%

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

What they share

5%

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

0 half 100%

half

5% in common

Positions both hold · largest shared weight first ACWX AVEM
ICICI BANK 0.20% 0.50%
ASE TECHNOLOGY HOLDING 0.19% 0.56%
SAUDI ARABIAN OIL 0.12% 0.27%
KB FINANCIAL GROUP 0.11% 0.50%
PDD HOLDINGS ADS 0.11% 0.47%
INFOSYS 0.10% 0.28%
GOLD FIELDS 0.09% 0.25%
FIRSTRAND LTD 0.08% 0.15%
KUWAIT FINANCE HOUSE 0.08% 0.11%
OTP BANK 0.08% 0.21%
POWSZECHNA KASA OSZCZEDNOSCI BANK 0.08% 0.14%
SHINHAN FINANCIAL GROUP 0.08% 0.36%
Only in one fund ↓
Only in ACWX
TAIWAN SEMICONDUCTOR MANUFACTURING 5.07%
SAMSUNG ELECTRONICS LTD 2.19%
ASML HOLDING 1.77%
SK HYNIX 1.56%
ROCHE PS PAR AG 0.95%
TENCENT HOLDINGS 0.85%
SHELL 0.84%
HSBC HOLDINGS PLC 0.81%
Only in AVEM
TAIWAN SEMICONDUCTOR SP ADR ADR 6.82%
TAIWAN SEMICONDUCTOR MANUFAC COMMON STOCK TWD10.0 6.09%
SAMSUNG ELECTR GDR REG S GDR 5.35%
SK HYNIX INC COMMON STOCK KRW5000.0 4.89%
TENCENT HOLDINGS LTD COMMON STOCK HKD.00002 1.49%
CHINA CONSTRUCTION BANK H COMMON STOCK CNY1.0 1.02%
MEDIATEK INC COMMON STOCK TWD10.0 0.96%
HON HAI PRECISION INDUSTRY COMMON STOCK TWD10.0 0.73%
Check overlap with more funds →

Side by side

ACWX iShares MSCI ACWI ex U.S. ETF AVEM Avantis Emerging Markets Equity ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the MSCI ACWI ex U.S. Actively managed
Total return, 1 year +14.3% +17.9%
Expense ratio 0.32% 0.33%
Already in the S&P 500 0.0% 0.0%
Holdings 1939 4088
Net assets, as of Oct 27, 2026 $17.9bn $27.3bn

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

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About each fund
ACWX

ACWX tracks the MSCI ACWI ex U.S.. Over the year to Oct 28, 2026 it returned +14.3% with distributions reinvested. The prospectus expense ratio is 0.32% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,939 positions, with the top ten at 15.6%. It sat 4.9% below its high of Sep 4, 2026 on Oct 28, 2026.

AVEM

AVEM is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +17.9% with distributions reinvested. The prospectus expense ratio is 0.33% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 4,088 positions, with the top ten at 28.7%. 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, ACWX or AVEM?
In the year to Oct 28, 2026, with distributions reinvested, ACWX returned +14.3% and AVEM +17.9%.
Which is cheaper, ACWX or AVEM?
ACWX is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do ACWX and AVEM overlap with the S&P 500?
By their latest filed holdings, 0% of ACWX and 0% of AVEM by weight is stocks the S&P 500 already holds.
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ETFIQ, ACWX against AVEM, data as of Oct 28, 2026. https://etfiq.com/compare/any/acwx-vs-avem

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