Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
ACWX vs USMV: how they differ
ACWX and USMV hold 1% of their weight in the same names, and ACWX returned more over the year.
iShares MSCI ACWI ex U.S. ETF and iShares MSCI USA Min Vol Factor ETF.
What they hold in common
By the books each fund has filed, ACWX and USMV hold 1% of their money in the same securities at the same weight.
| Holding | ACWX | USMV |
|---|---|---|
| ROCHE PS PAR AG | 0.79% | 1.04% |
| BLK CSH FND TREASURY SL AGENCY | 0.11% | 0.17% |
| ARISTOCRAT LEISURE | 0.06% | 0.56% |
| LOBLAW COMPANIES LTD | 0.06% | 0.35% |
| MERCK | 0.05% | 1.46% |
| PEMBINA PIPELINE | 0.07% | 0.05% |
| TELENOR | 0.02% | 0.55% |
| AEROPORTS DE PARIS SA | 0.01% | 0.08% |
| NEMETSCHEK | 0.01% | 0.45% |
| TELUS | 0.01% | 0.93% |
| Only in ACWX | Only in USMV |
|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTURING 5.09% | AMPHENOL CORP CLASS A 1.58% |
| SAMSUNG ELECTRONICS LTD 2.50% | MICROSOFT 1.56% |
| SK HYNIX 2.04% | NVIDIA 1.54% |
| ASML HOLDING 1.77% | WELLTOWER 1.53% |
| HSBC HOLDINGS PLC 0.94% | CHUBB 1.49% |
| TENCENT HOLDINGS 0.88% | JOHNSON & JOHNSON 1.49% |
| ROYAL BANK OF CANADA 0.76% | VERIZON COMMUNICATIONS INC 1.49% |
| SHELL PLC 0.70% | EXXONMOBIL HOLDINGS CORP 1.48% |
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 | USMV iShares MSCI USA Min Vol Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | MSCI ACWI ex U.S. | MSCI USA Min Vol Factor |
| Total return, 1 year | +23.0% | +6.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +5.5 pts | −10.9 pts |
| Expense ratio | 0.32% | 0.15% |
| Already in the S&P 500 | 0.0% | 94.8% |
| Holdings | 1515 | 175 |
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%.
USMV in plain words
USMV is an index equity fund tracking the MSCI USA Min Vol Factor. Over the year to Sep 11, 2026 it returned +6.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Sep 10, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 175 positions, with the top ten at 15.1%.
Questions people ask
- Which returned more over the last year, ACWX or USMV?
- In the year to Sep 13, 2026, with distributions reinvested, ACWX returned +23.0% and USMV returned +6.6%, so ACWX returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, ACWX or USMV?
- ACWX charges 0.32% a year and USMV charges 0.15%, so USMV is cheaper. Fees come from each fund's prospectus.
- How much do ACWX and USMV overlap with the S&P 500?
- By their latest filed holdings, 0% of ACWX and 95% of USMV by weight is stocks the S&P 500 already holds. Between the two funds, 1% of their books are the same securities at the same weight.
Other comparisons
Where to next
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 USMV, data as of Sep 13, 2026. https://etfiq.com/compare/any/acwx-vs-usmv Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources