Data as of Oct 28, 2026.
ACWX vs OVF: Differences, Returns & Fees
Over the year to Oct 28, 2026, ACWX returned +14.3% to OVF's +14.7%, and ACWX charges 0.32% to OVF's 0.83%.
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Net assets: $17.9bn on Oct 27, 2026 for iShares MSCI ACWI ex U.S. ETF, and $61m on Aug 31, 2026 for Overlay Shares Foreign Equity ETF.
Pair scorecard
ACWX costs 0.51 points a year less; their one-year returns differ by 0.4 points.
| Measure | ACWX | OVF |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.3% | +14.7% |
| Price change, 1 year | rose 11.2% | rose 1.6% |
| Latest payout, annualized | 10.4% | |
| Return of capital, issuer estimate | 100% of the Oct 29, 2026 payment | |
| Drawdown | ||
| Below its high | 4.9%, high on Sep 4, 2026 | |
| Benchmark | ||
| What it tracks | MSCI ACWI ex USA Index | Benchmark: iShares MSCI ACWI ex U.S. ETF, measured through ACWX |
| Cost and size | ||
| Expense ratio | 0.32% | 0.83% |
| Net assets, ACWX as of Oct 27, 2026 and OVF as of Aug 31, 2026 | $17.9bn | $61m |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 0% | |
| Top ten holdings, share of the fund | 15.6% | |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method
Risk and return
Oct 11, 2019 to Oct 23, 2026 · 367 weekly returnsACWX returned more: +91.7% to +74.8%. OVF swung slightly less: 17.1% to 18.1%. OVF fell slightly less at its worst: −30.1% to −33.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | ACWX | OVF | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +91.7% | +74.8% | ACWX | Price change plus distributions, reinvested. |
| Annualized | +9.7% | +8.2% | ACWX | Total return as a yearly rate. |
| Price return | +58.5% | +18.9% | ACWX | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 18.1% | 17.1% | OVF (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.9% | 12.5% | OVF (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −33.2% | −30.1% | OVF (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.44 | 0.38 | ACWX | Return above Treasury bills per unit of volatility. |
| Sortino | 0.62 | 0.52 | ACWX | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.29 | 0.27 | ACWX (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 367 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, ACWX and OVF hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
ACWX and OVF on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
ACWX and OVF do different jobs. What does each one do in a portfolio?
- What each follows. ACWX follows MSCI ACWI ex USA Index and OVF is measured against iShares MSCI ACWI ex U.S. ETF through ACWX.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026 and Aug 31, 2026).
- Cost. ACWX charges 0.32% of assets a year and OVF 0.83%, a gap of 0.51 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.
OVF
Over the year to Oct 28, 2026, OVF paid 12.6% of its starting value in cash distributions while its price rose 1.6%. With every distribution reinvested, the fund returned +14.7%. iShares MSCI ACWI ex U.S. ETF (ACWX) returned +14.3% over the same days, so a holder was about even. At its price on Oct 28, 2026 the latest distribution annualizes to 10.4%, paid monthly. Overlay Shares estimates that 100% of the distribution paid Oct 29, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
- Are ACWX and OVF in the same category?
- ACWX is a stock ETF and OVF is an option-income ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, ACWX or OVF?
- In the year to Oct 28, 2026, with distributions reinvested, ACWX returned +14.3% and OVF +14.7%.
- Which is cheaper, ACWX or OVF?
- ACWX is cheaper, by 0.51 percentage points a year. That is about $51 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 OVF, data as of Oct 28, 2026. https://etfiq.com/compare/any/acwx-vs-ovf
ETFIQ. (Oct 28, 2026). ACWX against OVF. Retrieved from https://etfiq.com/compare/any/acwx-vs-ovf
[ACWX against OVF (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/acwx-vs-ovf)
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