Which returned more over the last year, ACWX or DBEF?

In the year to Oct 9, 2026, with distributions reinvested, ACWX returned +18.2% and DBEF +18.5%.

Which is cheaper, ACWX or DBEF?

ACWX is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do ACWX and DBEF overlap with the S&P 500?

By their latest filed holdings, 0% of ACWX and 0% of DBEF by weight is stocks the S&P 500 already holds.

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ACWX vs DBEF: Differences, Returns & Fees

ACWX and DBEF hold 55% of their weight in the same names. Net assets on Oct 9, 2026: $17.6bn for iShares MSCI ACWI ex U.S. ETF and $9.2bn for Xtrackers MSCI EAFE Hedged Equity ETF.

ACWX costs 0.03 points a year less; their one-year returns differ by 0.3 points; ACWX is 1.9 times larger.

	ACWX	DBEF
Expense ratio	0.32%	0.35%
Net assets	$17.6bn	$9.2bn
Total return, 1 year	+18.2%	+18.5%
What it tracks	MSCI ACWI ex USA Index	MSCI EAFE US Dollar Hedged Index
Holdings in common	55%
Top ten holdings, share of the fund	16.6%	13.3%
Below its high	3.9%, high on Sep 4, 2026	3.1%, high on Aug 13, 2026

Holdings in common uses holdings dated May 29, 2026 and Oct 8, 2026.

+18.2%

ACWX total return, 1 year

+18.5%

DBEF total return, 1 year

0.32%

ACWX expense ratio

0.35%

DBEF expense ratio

What they hold in common

By the books each fund has filed, ACWX and DBEF hold 55% 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 May 29, 2026 and Oct 8, 2026.

50%

half

55% in common

Positions both hold, largest shared weight first

Holding ACWX DBEF

ASML HOLDING 1.95% 2.82%

HSBC HOLDINGS PLC 0.86% 1.45%

ROCHE PS PAR AG 0.82% 1.33%

SHELL 0.80% 1.06%

NOVARTIS AG 0.71% 1.24%

MITSUBISHI UFJ FINANCIAL GROUP 0.66% 0.91%

ASTRAZENECA PLC 0.65% 1.26%

NESTLE SA 0.65% 1.18%

BHP GROUP LTD 0.60% 1.03%

SIEMENS N AG 0.60% 1.05%

SAP 0.58% 0.85%

BANCO SANTANDER 0.53% 0.81%

Only in ACWX

TAIWAN SEMICONDUCTOR MANUFACTURING 5.41%

SAMSUNG ELECTRONICS LTD 2.52%

SK HYNIX 1.91%

TENCENT HOLDINGS 0.89%

ROYAL BANK OF CANADA 0.73%

ALIBABA GROUP HOLDING 0.62%

MEDIATEK 0.60%

SHOPIFY SUBORDINATE VOTING CLASS A 0.55%

Only in DBEF

NOVO NORDISK A/S 0.66%

INVESTOR AB 0.32%

MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT AG 0.31%

NORDEA BANK ABP 0.27%

VOLVO AB 0.25%

ATLAS COPCO AB 0.22%

ASSA ABLOY AB 0.16%

TELEFONAKTIEBOLAGET LM ERICSSON 0.15%

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On the same fields

ACWX

iShares MSCI ACWI ex U.S. ETF

DBEF

Xtrackers MSCI EAFE Hedged Equity ETF

Where it sits Stock ETF Stock ETF

Issuer iShares Xtrackers

What it is Tracks the MSCI ACWI ex U.S. Tracks an index

Total return, 1 year +18.2% +18.5%

S&P 500 over the same days +17.3% +17.3%

Gap to the S&P 500 +1.0 pts +1.3 pts

Expense ratio 0.32% 0.35%

Already in the S&P 500 0.0% 0.0%

Holdings 1908 677

Net assets $17.6bn $9.2bn

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

ACWX in plain words

ACWX tracks the MSCI ACWI ex U.S.. 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 0.32% a year. By its holdings published by its issuer for Oct 8, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,908 positions, with the top ten at 16.6%. It sat 3.9% below its high of Sep 4, 2026 on Oct 9, 2026.

DBEF in plain words

DBEF tracks an index. Over the year to Oct 9, 2026 it returned +18.5% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.35% a year. By its holdings filed for May 29, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 677 positions, with the top ten at 13.3%. It sat 3.1% below its high of Aug 13, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, ACWX or DBEF?: In the year to Oct 9, 2026, with distributions reinvested, ACWX returned +18.2% and DBEF +18.5%.
Which is cheaper, ACWX or DBEF?: ACWX is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do ACWX and DBEF overlap with the S&P 500?: By their latest filed holdings, 0% of ACWX and 0% of DBEF by weight is stocks the S&P 500 already holds.

Other comparisons

ACWX vs CORO ACWX vs SPDW ACWX vs IXUS ACWX vs SCHF DBEF vs DFAI DBEF vs DFIC DBEF vs IQLT CORO vs DBEF

ACWX on its own →DBEF on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

ACWX filings on SEC EDGAR ↗ACWX prospectus with the expense ratio (SEC) ↗iShares page for ACWX ↗DBEF filings on SEC EDGAR ↗DBEF prospectus with the expense ratio (SEC) ↗Xtrackers website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. 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, ACWX against DBEF, data as of Oct 9, 2026. https://etfiq.com/compare/any/acwx-vs-dbef

Open data

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