Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
ACWX vs EEM: how they differ
ACWX and EEM hold 33% of their weight in the same names, and EEM returned more over the year.
iShares MSCI ACWI ex U.S. ETF and iShares MSCI Emerging Markets ETF.
What they hold in common
By the books each fund has filed, ACWX and EEM hold 33% of their money in the same securities at the same weight.
| Holding | ACWX | EEM |
|---|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTURING | 5.09% | 15.18% |
| SAMSUNG ELECTRONICS LTD | 2.50% | 7.46% |
| SK HYNIX | 2.04% | 6.07% |
| TENCENT HOLDINGS | 0.88% | 2.65% |
| ALIBABA GROUP HOLDING | 0.61% | 1.82% |
| MEDIATEK | 0.57% | 1.71% |
| SAMSUNG ELECTRONICS NON VOTING PRE | 0.32% | 0.97% |
| CHINA CONSTRUCTION BANK CORP H | 0.29% | 0.83% |
| DELTA ELECTRONICS | 0.27% | 0.82% |
| HON HAI PRECISION INDUSTRY | 0.26% | 0.77% |
| HDFC BANK | 0.21% | 0.66% |
| SK SQUARE | 0.21% | 0.62% |
| Only in ACWX | Only in EEM |
|---|---|
| ASML HOLDING 1.77% | ITAU UNIBANCO HOLDING SA 0.04% |
| HSBC HOLDINGS PLC 0.94% | SD GUTHRIE 0.03% |
| ROCHE PS PAR AG 0.79% | ANHUI CONCH CEMENT H 0.02% |
| ROYAL BANK OF CANADA 0.76% | ASTOR ENERJI A.S. 0.02% |
| SHELL PLC 0.70% | BANK OF CHINA LTD A 0.02% |
| MITSUBISHI UFJ FINANCIAL GROUP 0.67% | CAIXA SEGURIDADE PARTICIPACOES SA 0.02% |
| NOVARTIS AG 0.67% | CHINA CONSTRUCTION BANK CORP A 0.02% |
| NESTLE SA 0.65% | FAR EAST HORIZON 0.02% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 10, 2026.
| ACWX iShares MSCI ACWI ex U.S. ETF | EEM iShares MSCI Emerging Markets ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | MSCI ACWI ex U.S. | Emerging markets |
| Total return, 1 year | +23.0% | +32.3% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +5.5 pts | +14.8 pts |
| Expense ratio | 0.32% | 0.72% |
| Already in the S&P 500 | 0.0% | 0.0% |
| Holdings | 1515 | 965 |
ACWX in plain words
ACWX is an index equity fund tracking the MSCI ACWI ex U.S.. Over the year to Sep 11, 2026 it returned +23.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.32% a year. By its holdings filed for Sep 10, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1515 positions, with the top ten at 16.1%.
EEM in plain words
EEM is an index equity fund tracking the Emerging markets. Over the year to Sep 11, 2026 it returned +32.3% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.72% a year. By its holdings filed for Sep 10, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 965 positions, with the top ten at 38.3%. It sat 4.7% below its high of Jun 22, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, ACWX or EEM?
- In the year to Sep 13, 2026, with distributions reinvested, ACWX returned +23.0% and EEM returned +32.3%, so EEM returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, ACWX or EEM?
- ACWX charges 0.32% a year and EEM charges 0.72%, so ACWX is cheaper. Fees come from each fund's prospectus.
- How much do ACWX and EEM overlap with the S&P 500?
- By their latest filed holdings, 0% of ACWX and 0% of EEM by weight is stocks the S&P 500 already holds. Between the two funds, 33% of their books are the same securities at the same weight.
Other comparisons
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, ACWX against EEM, data as of Sep 13, 2026. https://etfiq.com/compare/any/acwx-vs-eem Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources