Data as of Oct 28, 2026.
ACWX vs EMXC: Differences, Returns & Fees
Over the year to Oct 28, 2026, ACWX returned +14.3% to EMXC's +33.8%; 26% of their weight is in the same names.
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Net assets: $17.9bn on Oct 27, 2026 for iShares MSCI ACWI ex U.S. ETF, and $26.9bn on Oct 28, 2026 for iShares MSCI Emerging Markets ex China ETF.
Pair scorecard
EMXC costs 0.07 points a year less; their one-year returns differ by 19.5 points; EMXC is 1.5 times larger.
| Measure | ACWX | EMXC |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.3% | +33.8% |
| Drawdown | ||
| Below its high | 4.9%, high on Sep 4, 2026 | 11.3%, high on Jun 22, 2026 |
| Benchmark | ||
| What it tracks | MSCI ACWI ex USA Index | MSCI Emerging Markets ex China Index |
| Cost and size | ||
| Expense ratio | 0.32% | 0.25% |
| Net assets, as of Oct 27, 2026 | $17.9bn | $26.4bn |
| Holdings | ||
| Holdings in common | 26% | |
| Top ten holdings, share of the fund | 15.6% | 42.2% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Aug 4, 2017 to Oct 23, 2026 · 481 weekly returnsEMXC returned more: +122.9% to +97.1%. ACWX swung less: 17.0% to 19.2%. ACWX fell less at its worst: −34.2% to −40.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | ACWX | EMXC | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +97.1% | +122.9% | EMXC | Price change plus distributions, reinvested. |
| Annualized | +7.6% | +9.1% | EMXC | Total return as a yearly rate. |
| Price return | +54.8% | +80.5% | EMXC | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 17.0% | 19.2% | ACWX | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.2% | 13.8% | ACWX | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −34.2% | −40.7% | ACWX | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.36 | 0.41 | EMXC | Return above Treasury bills per unit of volatility. |
| Sortino | 0.50 | 0.57 | EMXC | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.22 | 0.22 | Tie | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 481 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, ACWX and EMXC hold 26% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
26% in common
Only in one fund ↓
Side by side
ACWX and EMXC on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
ACWX and EMXC do different jobs. What does each one do in a portfolio?
- What each follows. ACWX follows MSCI ACWI ex USA Index and EMXC follows MSCI Emerging Markets ex China Index.
- Holdings in common. 26% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 ACWX returned +14.3% and EMXC +33.8% with distributions reinvested, a gap of 19.5 points.
Data as of Oct 28, 2026.
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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.
EMXC
EMXC tracks the MSCI Emerging Markets ex China. Over the year to Oct 28, 2026 it returned +33.8% with distributions reinvested, against +37.0% for its benchmark, the MSCI Emerging Markets ex China Index. The prospectus expense ratio is 0.25% 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 696 positions, with the top ten at 42.2%. It sat 11.3% below its high of Jun 22, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, ACWX or EMXC?
- In the year to Oct 28, 2026, with distributions reinvested, ACWX returned +14.3% and EMXC +33.8%.
- Which is cheaper, ACWX or EMXC?
- EMXC is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.
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.
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ETFIQ, ACWX against EMXC, data as of Oct 28, 2026. https://etfiq.com/compare/any/acwx-vs-emxc
ETFIQ. (Oct 28, 2026). ACWX against EMXC. Retrieved from https://etfiq.com/compare/any/acwx-vs-emxc
[ACWX against EMXC (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/acwx-vs-emxc)
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